Sunday, January 18, 2015

5) Process Groups - How much time and money is typically spent on projects in each of the process groups. Assume you have one year and $100,000 to spend. Justify your answer

In each process group according to Andy Crowe, 3% of time goes towards the closing process, 5% goes into monitoring and controlling, 69% for the executing process, 21% for planning and 2% for the initiating process. If I have one year to complete a project and my budget was $100,000, time spent on the closing process will take approximately 10 days and $3,000. The time it will take for the monitoring and controlling process will be 18 days and $5,000. The executing process, which takes the most time, will take 251 days and $69,000. Planning, 76 days and $21,000. Initiating, 7 days and $2,000.

2 comments:

  1. Yeah, it seems that most of us got those results including myself. Although to be honest, I don't think it is quite that simple to assume spending just based on time spent by the project managers.

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  2. Pretty much sums up all of our answers to this question. We are great thinkers!

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