Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. 

Also, provide a graduate-level response to each of the following questions:

1)Describe a potential timing issue that can occur early in a project and a potential timing issue that can occur at the end of a project. How would you address each of these issues in your project?

2)Compare a project you've worked on that was limited mostly by activities with another project you've worked on that was limited mostly by resources. Which did you find more challenging? Why? 

3)You are the project manager in charge of construction of a new school building. Give one possible example each of a known known, known unknown, and unknown unknown you might encounter.

4)Give an example of how a project manager could run into problems with cash flow, even when he is within budget on the overall project.

Describe a potential timing issue that can occur early in a project and a potential timing issue that can occur at the end of a project. How would you address each of these issues in your project?

A timing issue occurring initially in a project is when you bring workers on board. Doing so is costly, but it is often helpful because it ensures that the person is available to work on the project.

A timing issue that occurs at the end of the project is how to release and reward the team. Ensuring the project work is complete, celebrating success, providing feedback to the functional managers concerning team members performance are all helpful when releasing and rewarding individuals.

Step-by-step explanation

Compare a project you've worked on that was limited mostly by activities with another project you've worked on that was limited mostly by resources. Which did you find more challenging? Why? 

The project that was limited mostly by activities .Any change in the schedule of a particular activity would affect the other activities in the project. The project needs the crashing of the activity so as to maintain the budget of the project and the schedule of the project.

The project was limited by the resources . This was a concern for the capacity of the company to manage such a project in terms of the availability of resources. These resources included mostly the human resources and the technological resources. Unavailability of these resources made the project implementation nearly impossible and the company was be required to acquire the resources so as to ensure that the project is accomplished. Acquisition of the resources increases the cost of the project.

The most challenging thing is that the project that was limited by the activities. Acquisition of the resources is an easier task however managing the activities is highly challenging as failure in any of the activity would lead to the breakdown of the entire project and it would then make it difficult in handling the project effectively.

You are the project manager in charge of construction of a new school building. Give one possible example each of a known known, known unknown, and unknown unknown you might encounter.

Known known risk in the project of constructing a new school building is that the cost of the building material is going to increase as the river banks will remain shut in the monsoon season and sand will be available in the limited amount.

Known-Unknown risk in the project of constructing a new school building is the timing of completion of building as a result of the environmental situation. If monsoon arrive early, project would be shut as it would be impossible to carry out construction work in monsoon and the employees would express their resistance to work in such a difficult situation.

Unknown-Unknown risk in the project of constructing a new school building is that the any mis happening or accident at the site of construction that may stall the project.

Give an example of how a project manager could run into problems with cash flow, even when he is within budget on the overall project.

?Project may run out of cash if the activity schedule is not maintained as per the predefined schedule or if any of the environmental or physical accident occur at site or when he would be required to acquire additional resource for completing the project.