Explain the difference between budget reserved and management reserves

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• Project Management
• Q1.What happens if these are not present?
• Q2.You manage a hotel resort located on the South
  Beach on the Island of Kaui in Hawaii. You are
  shifting the focus of your resort from a
  traditional fun-in-the-sun destination to
  eco-tourism. How would you classify the following
  projects in terms of compliance, strategic, and
  operational?
• Q3.How would you respond and why?
• Q4.Why is a conductor of an orchestra an
  appropriate metaphor for being a project manager?
  What aspects of project managing are not
  reflected by this metaphor? Can you think of
  other metaphors that would be appropriate?

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• Q5.If you were Steele, what would you do?
• Q6.What, if anything, could Steele have done
  differently to avoid this problem?
• Q7.What could the management of Cerberus do to
  more effectively manage situations like this?
• Q8.Explain the difference between budget reserved
  and management reserves
• Q9.Present six reason scheduling resources is an
  important task.
• Q10.What are the difference between the five
  stage model of team development and the
  punctuated equilibrium model?

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• Q11.Under what condition would it be advisable to
  use a strong matrix instead of a dedicated
  project team?
• Q12.Define Project. What are the five
  characteristics that help differentiate projects
  from other functions carried out in the daily
  operation of the organization?

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