1. (Mt) – Contract Closeout
Unformatted Preview Class Scenario ACME Development Corporation (ADC), a developer of
custom homes and apartment complexes, has decided to standardize its project
management practices and processes across its national organization. The goal is to
standardize with one single project-scheduling tool and to have the tool installed and be
operational within 90 days. To this end, the company is forming a central project
management office (PMO). Until now, project managers (there are 40 presently on staff
distributed all over the United States) have been able to use whatever scheduling tool they
liked, within their budget constraints. They have also been able to buy equipment and
engage contractors at will. The PMO will be determining one scheduling tool that all PMs
will be expected to use, exclusive of any other scheduling tools. The PMO will also develop
and implement a standardized procurement process. Because the PMs are located across
the United States, a Web-based solution seems likely to be the most successful tool. As the
project manager, you have been charged with implementing the procurement process, and
you decide that your first project will be purchasing the scheduling tool for ACME
Development Corporation. PMI is one of the world’s largest not-for-profit membership
associations for the project management profession. Our professional resources and
research empower more than 700,000 members, credential holders, and volunteers in
nearly every country in the world to enhance their careers, improve their organizations’
success and further mature the profession. PMI’s worldwide advocacy for project
management is reinforced by our globally recognized standards and certification program,
extensive academic and market research programs, chapters and communities of practice,
and professional development opportunities.