Project Management Name Institution Project Management Project Management Knowledge Areas There exists a set of guidelines and terminologies in project management. Together they form what has come to be known as Project Management Body of Knowledge (PMBOK) guide. There are ten project management knowledge areas. These include: Project Integration Management- This knowledge area highlights the activities and processes that are needed for the purposes of identifying defining combining unifying and coordinating the various project management activities and processes across indicates that the projects anticipated costs are lower than its projected earnings. In this case the NPV is positive. This indicates that the project will ultimately break even and generate revenue. This is a financially viable project. I should recommend the project to the selection committee. The reason behind this is that it will break even within the third year and start generating income for the investors. The project should be given priority over other projects with lower NPV. [...]
I need answers in 2 hours !!! Question 1 Name the ten Project Management Knowledge Areas and give a short explanation of the purpose for each area. Question 2 Use the following information to answer the questions below. Projected inflows: Year 1, $8,000; Year 2, $12,000; Year 3, $20,000. The cost of capital is 10% and the initial investment is $27,750. a. What is NPV using the discounted cash flow technique? b. Should you recommend this project to the selection committee? Why or why not?