PROJ 586 Final Exam

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PROJ 586 Final Exam 
(TCO E) Describe four specific traits that should be exhibited by the project manager…

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PROJ 586 Final Exam

PROJ 586 Final Exam

A+

(TCO A) A project is a temporary endeavor undertaken to create what three things

Unique product, service, or objective

Unique project, service, or routine

Unique product, service, or result

Unique routine, service, or result

(TCO A) In a _____ organization, resources are controlled by a functional manager and the project manager used cross-functional teams to accomplish the goals of the project.

Strong Matrix

Pure Project

Functional

Weak Matrix

(TCO A) In the _____ organization structure, the project manager is responsible for the project results, whereas the functional manager is responsible for providing the resources needed to achieve the results. 

Mixed-mode

Matrix

Autonomous project

Functional

(TCO H) What is the shortest phase of the project life cycle?

Initiating

Planning

Executing

Closing

(TCO H) The fundamental purpose of the post-project evaluation is to improve future projects. An important component of this evaluation is

The closure checklist

Lessons learned

The project audit

Customer satisfaction report

(TCO B) The _____ is a method used to display, in tabular form, the individuals responsible for accomplishing the work items in the WBS.

Responsibility Assignment Matrix

Resource map

OBS

WBS

(TCO D) A _____ is a predefined set of actions that will be implemented if the risk event occurs

Management proposal

Classification array

Contingency plan

Risk contingency matrix

(TCO F) The primary purpose of a _____ meeting is to identify and resolve problems.

Communications flow

Status review

Technical design review

Problem solving

(TCO F) The two most common types of project reports are _____.

Progress reports and the contract report

Weekly and monthly

Progress reports and the final report

Update-only reports and status

(TCO C) If _____ is positive, it represents the maximum amount of time that the activities on a particular path can be delayed without jeopardizing the completion of the project by its required completion time.

Total time

Free float

Total slack

Cumulative slack

(TCO A) Which of the following is not an example of a project?

Starting up a restaurant

Creating a website for a company

Raising money for a disaster-relief trip

Emptying the recycling everyday

(TCO A) The project plan is executed in the _____.

Planning phase

Initiating phase

Closing phase

Executive phase

(TCO B) The _____ is a method used to display, in tabular form, the individuals responsible for accomplishing the work items in the WBS.

Responsibility Assignment Matrix

OBS

WBS

Resource map

(TCO C) Why are activities drawn in a serial relationship on a network diagram?

The activities use different resources.

The activities are independent of each other.

From a technical standpoint, the activities must be performed in that sequence.

The order of completion doesn’t matter.

(TCO C) The statement, “Network diagrams illustrate the technical constraints among activities,” means that activities are constrained because _____.

The activities use different resources to be completed

Some activities use the same resources that may not be available

One activity cannot be started until the predecessors are finished

Each of the activities is independent from the other activities

(TCO F) Allocating total project costs for the various elements to the appropriate work packages establishes _____.

The committed costs for the work package

The anticipated expense for the work package

How to apply resources to the work package

A total budgeted cost (TBC) for each work package

(TCO F) _____ percent of the project manager’s job is communication.

Zero

Ninety

Fifty

Ten

(TCO F) It is important to use the _____ as the standard against which actual cost is compared.

Total budget

Budget at completion

Phased budget

Cumulative budget

(TCO C) Calculate the earliest finish for Task B if its predecessor, Task A, finishes on day 3 and the duration of Task B is 2 days.

Day 5

Day 3

Day 1

This cannot be calculated based upon the information given

(TCO C) The _____ time is the latest time by which a particular activity must be finished in order for the entire project to be completed by its required completion time.

Latest finish

Earliest finish

Earliest start

Latest start

(TCO H) A project audit provides an opportunity to evaluate issues and concerns to determine potential improvements. Some benefits of a project audit are

Reduce project risk, time, and cost overruns

Keep the scope of the project under control

Allow the project team to have good performance

Recommend outsourcing on other projects

(TCO B) Describe what each of the following means in project planning: what, how, who, how long, and how much.

In project planning, what refers to the objectives, goals or purpose of the project – what it aims to achieve or…

(TCO B) List the seven steps to building a WBS.

The following are the steps for creating a WBS:

List the committed deliverables.

Break…

(TCO C) A project to remodel a bathroom has the following activities. (Hint: You will need to build an AIB/AON diagram, perform a forward pass, and perform a backward pass to answer this question.)
Activity                       Duration                      Predecessors
A                                 2 months                                 —
B                                 4 months                                 —
C                                 4 months                                 —
D                                 1 month                                   A
E                                  5 months                                 B
F                                  2 months                                 B, C
G                                 1 month                                   C
H                                 3 months                                 E, F, G
I                                   2 months                                 D, E
J                                   2 months                                 G, H
a. What are the critical path activities? (8 points)
b. What is the project’s scheduled completion time? (8 points)
c. What is the slack or float for Activity A? Show your calculations. (8 points)
d. What is the slack or float for Activity E? Show your calculations. (8 points)
e. What is the slack or float for Activity F? Show your calculations. (8 points)

(TCO E) Describe four specific traits that should be exhibited by the project manager. Briefly outline a situation where one of these traits is lacking, and the potential effect on project team performance.

https://www.hiqualitytutorials.com/product/describe-four-specific-traits/

The 4 traits of a project manager are organized and efficient, honest and reliable, highly skilled communicator, and leadership abilities.  The project manager must have…

(TCO C) A project to remodel a garage has the following activities. (Hint: You will need to build an AIB/AON diagram, perform a forward pass, and perform a backward pass to answer this question.)

https://www.hiqualitytutorials.com/product/project-remodel-garage-has/

ActivityDurationPredecessors
A4 months—
B3 months—
C3 months—
D5 monthsC
E3 monthsA, B
F3 monthsB, C
G3 monthsE, F
H4 monthsD, F
I5 monthsG
J2 monthsH

  1. What are the critical path activities? (8 points)
  2. What is the project’s scheduled completion time? (8 points)
  3. What is the slack or float for Activity C? Show your calculations. (8 points)
  4. What is the slack or float for Activity D? Show your calculations. (8 points)
  5. What is the slack or float for Activity F? Show your calculations. (8 points)

(TCO D) 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 needed to sift through customers’ data by a fraction of the present time.
Part 1: List and discuss the six steps in risk management for the new data-mining project. (17.5 points)
Part 2: Describe a positive and negative risk event, the consequences, and the risk-response plans for the data-mining software project. (17.5 points)

https://www.hiqualitytutorials.com/product/firm-hosts-data-mining/

The steps in risk management for the data mining project are:

Plan the risk management

Identify…

PROJ 586 Final Exam

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