MGMT404 Quiz Week 4

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MGMT404 Quiz Week 4
(TCO 9) Compare and contrast how a scope is created in traditional project management versus…

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MGMT404 Quiz Week 4

MGMT404 Quiz Week 4

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(TCO 1) Which document is created during the initiation phase of a project?

The scope

The project schedule

The project charter

The project communication plan

(TCO 1) Which step of the project life cycle creates the project charter?

Initiation

Planning

Monitoring and control

Close out

(TCO 1) Which document is created during the initiation phase of a project? (Points : 5)

The scope

The project schedule

The project charter

The project communication plan

(TCO 1) Projects have specific attributes. Which of the following is not an attribute of a project? (Points : 5)

It is an ongoing endeavor

It has a defined objective

It requires resources

It has a defined start and stop

(TCO 1) The purpose of a project charter is to

Define the project.

Allow for the creation of a WBS.

Authorize the project.

Define detailed project risks.

(TCO 1) Which document on a project authorizes the project manager to begin work on the project? (Points : 5)

The scope

The schedule

The charter

The risk management plan

(TCO 2) Project deliverables are created in the _____ , which is completed during the _____ phase of a project.

charter; execution

scope; planning

schedule; planning

charter; planning

(TCO 2) Which step of the project life cycle defines the project scope? (Points : 5)

Initiation

Planning

Execution

Close out

(TCO 2) Which statement is an example of a project deliverable? (Points : 5)

“If the parts arrive late, we will not finish on time.”

“We must get permits before we start work.”

“I believe the contracts will be signed by the 15th.”

“The paving of the parking is lot is major piece of work for this project.”

(TCO 2) Which statement is an example of a project constraint? (Points : 5)

“If the parts arrive late, we will not finish on time.”
“We must get permits before we start work.”

“I believe the contracts will be signed by the 15th.”

“The paving of the parking lot is a major piece of work for this project.”

(TCO 2) Which statement is an example of a project assumption?

“If the parts arrive late, we will not finish on time.”

“We must get permits before we start work.”

“I believe the contracts will be signed by the 15th.”

“The paving of the parking lot will be completed within this project.”

(TCO 3) The longest continuous path of activities from beginning to end on a project describes the (Points : 5)

Deliverables

Slack

Critical path

Work packages

(TCO 3) The critical path in a project describes which of the following? (Points : 5)

The path containing the most important pieces of work

The longest path in a project

The activities with the highest risk

The activities with the highest cost to the project

(TCO 3) Hammock activities are used to do which of the following?

Ensure critical path work is done on time.

Capture lessons learned on two or more activities.

Summarize duration and cost information on related activities.

Summarize duration and cost information on related activities.

(TCO 3) What values are calculated on the backward pass of a project network? (Points : 5)

Early start; late start

Early start; early finish

Late start; late finish

Early finish; late finish

(TCO 3) What values are calculated on the forward pass of a project network? (Points : 5)

Early start; early finish

Late start; late finish

Early finish; late finish

Early start; late start

(TCO 5) In which process of risk management are proactive and reactive strategies considered?

Plan risk management

Plan risk responses

Control risks

Qualitative risk analysis

(TCO 5) In which process of risk management are proactive and reactive strategies considered?

Plan risk management

Plan risk responses

Control risks

Qualitative risk analysis

(TCO 5) In which process of risk management is the risk register initially created? (Points : 5)

Plan risk management

Identify risks

Control risks

Qualitative risk analysis

(TCO 5) A risk matrix is used to _____.  A risk register is a _____. (Points : 5)

Prioritize risks; list of risks

Identify risks; way to categorize risks

Create risk strategies; way to monitor negative risks

Simulate project risks; way to categorize risks

(TCO 5) In which process of risk management are risks prioritized or ranked?

Plan risk management

Identify risks

Control risks

Control risks

(TCO 5) In which process of risk management are proactive and reactive strategies considered? (Points : 5)

Plan risk management

Plan risk responses

Control risks

Qualitative risk analysis

(TCO 5) Contingency plans are created (Points : 5)

To proactively address the risk.
To respond to the risk should the risk occur.
To gather information on vital risks.
To avoid red risks in the project plan .

MGMT404 Quiz Week 4

(TCO 1) Before one can begin writing a charter, one must consider the most appropriate organization for the project. You are the project manager for a company that integrates custom data solutions for large corporate enterprises. This project will span two or three years and will cost tens of millions of dollars. This is a large, very involved project. Which of the five organization structures is most suitable? Why? (Points : 20)

(TCO 1) Compare and contrast the project charter and the project scope as used in project management. (Points : 20)

The project scope defines what will be delivered as part of the project, and in some ways, it can be likened to the term vision. Whenever a company plans for the…

(TCO 2) You are a project manager at a bike shop. You just received a shipment of new bikes that need to be assembled. For each bike, the frame needs to be set, which includes the bike frame, handle bars, and the seat. The wheels need to be mounted. The braking system needs to be installed. Before a bike can be sold, it needs to be tested by the quality team and road tested. You have assembled your team of experts and they are anxious to get started.
Part 1: To ensure you have a clear scope for your team, create a 2-level WBS. Don’t forget to include your WBS numbering. (15 points)
Part 2: In your WBS, how many work packages have been created? (5 points)

(TCO 2) You are reaching the end of your graduate school program and are planning a large party to celebrate your success! You have rented out the local forest preserve as the venue for your party. Applying your project management skills, you want to ensure you have everything planned out and you’ve asked your family and friends to be a part of your team to hold this party. At your party, you have made it clear to your team what you want to have delivered. After all, it’s your party— you can have whatever you want! Some of the key items you want at your party include:
graduation announcements;
party invitations;
live entertainment;
games (for adults and for children);
food;
beverages; and
convenience for all (parking, restroom facilities, etc.).
Part 1: To ensure you have a clear scope for your team, create a 2-level WBS. Don’t forget to include your WBS numbering (15 points).
Part 2: In your WBS, how many work packages have been created? (5 points) (Points : 20)

(TCO 2) You are a project manager at a bike shop. You just received a shipment of new bikes that need to be assembled. For each bike, the frame needs to be set, which includes the bike frame, handle bars, and the seat. The wheels need to be mounted. The braking system needs to be installed. Before a bike can be sold, it needs to be tested by the quality team and road tested. You have assembled your team of experts and they are anxious to get started.
Part 1: To ensure you have a clear scope for your team, create a 2-level WBS. Don’t forget to include your WBS numbering. (15 points)
Part 2: In your WBS, how many work packages have been created? (5 points)

(TCO 3) Compare and contrast crashing and scope reduction as means of schedule reduction. (Points : 20)

(TCO 3) Compare and contrast crashing and fast tracking as a means of schedule compression. (Points : 20)

(TCO 5) A firm hosts data-mining servers and performs data mining for other companies that do not desire the costs of hardware, software, or expertise to data mine their data. The firm is planning to roll out faster data-mining software that will reduce the time to sift through customers’ data by a fraction of the present time.
Part 1: List and discuss the major risk management functions from a project management perspective for the data-mining software project. (15 points)
Part 2: Describe a positive and negative risk event, the consequences, and the risk-response plans for the data-mining software project. (15 points) (Points : 20)

(TCO 9) Compare and contrast how a scope is created in traditional project management versus one created in agile project management. (Points : 20)

(TCO 3) Compare and contrast fast tracking and scope reduction as means of schedule compression. (Points : 20)

Fast tracking and scope reduction are the three techniques where a project can be brought back on the schedule or for the compression of schedule. Fast tracking…

MGMT404 Quiz Week 4

DeVry