Devry mgmt404 week 4 quiz latest 2016 feb

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

Initiation

Planning

Monitoring and control

Close out

Question 2. Question
: (TCO 1) Which document on a
project authorizes the project manager to begin work on the project?

The scope

The schedule

The charter

The risk management plan

Question 3. Question
: (TCO 2) Which step of the
project life cycle defines all of the project deliverables?

Close out

Planning

Monitoring and control

Initiation

Question 4. Question
: (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.”

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

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

Question 6. Question
: (TCO 3) What values are
calculated on the forward pass of a project network?

: Early start; late start

Early start; early finish

Late start; late finish

Early finish; late finish

:

Question 7. Question
: (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

Question 8. Question
: (TCO 5) A risk matrix is used
in _____ to _____. A risk register is a
_____.

qualitative risk analysis; prioritize risks;
list of risks

quantitative risk analysis; identify risks;
way to categorize risks

qualitative risk analysis; create risk
strategies; way to monitor negative risks
risk identification; simulate project risks;
way to categorize risks

(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?

Question 2. Question
: (TCO 2) You are a project
manager for a new hardware/software project. You just received the project
charter and established your scope statement. Within the scope statement, you
defined some of the key components to meet the overall project objective.
Establishing requirements will be critical to define and get approved. The
hardware will be new for your company, so you will need to ensure the vendor is
selected and the hardware is appropriately installed into your environment. The
supporting software will need to be designed and coded. It will also need to be
installed and tested on the system. To ensure the users know how to use the new
software, training will be needed for managers and the associates. 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)

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

Question 4. Question
: (TCO 5) A firm hosts eCommerce
transactions for other companies. The firm processes credit purchases
supporting most major credit cards and is known as an inexpensive alternative
to other larger competitors. The firm is deploying new security software that
is state-of-the-art for eCommerce. It should increase security while speeding
up transactions because of the new security algorithms.

Part 1: List and discuss the major risk management functions
from a project management perspective for the eCommerce project. (15 points)

Part 2: Describe a positive and negative risk event, the
related consequences, and the risk response plans for the eCommerce project. (5
points)

Question 5. Question
: (TCO 9) List and describe at
least three key differences between risk management in an agile environment and
risk management in a traditional project.

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

Initiation

Planning

Monitoring and control

Close out

Question 2. Question
: (TCO 1) Which document on a
project authorizes the project manager to begin work on the project?

The scope

The schedule

The charter

The risk management plan

Question 3. Question
: (TCO 2) Which step of the
project life cycle defines all of the project deliverables?

Close out

Planning

Monitoring and control

Initiation

Question 4. Question
: (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.”

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

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

Question 6. Question
: (TCO 3) What values are
calculated on the forward pass of a project network?

: Early start; late start

Early start; early finish

Late start; late finish

Early finish; late finish

:

Question 7. Question
: (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

Question 8. Question
: (TCO 5) A risk matrix is used
in _____ to _____. A risk register is a
_____.

qualitative risk analysis; prioritize risks;
list of risks

quantitative risk analysis; identify risks;
way to categorize risks

qualitative risk analysis; create risk
strategies; way to monitor negative risks
risk identification; simulate project risks;
way to categorize risks

(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?

Question 2. Question
: (TCO 2) You are a project
manager for a new hardware/software project. You just received the project
charter and established your scope statement. Within the scope statement, you
defined some of the key components to meet the overall project objective.
Establishing requirements will be critical to define and get approved. The
hardware will be new for your company, so you will need to ensure the vendor is
selected and the hardware is appropriately installed into your environment. The
supporting software will need to be designed and coded. It will also need to be
installed and tested on the system. To ensure the users know how to use the new
software, training will be needed for managers and the associates. 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)

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

Question 4. Question
: (TCO 5) A firm hosts eCommerce
transactions for other companies. The firm processes credit purchases
supporting most major credit cards and is known as an inexpensive alternative
to other larger competitors. The firm is deploying new security software that
is state-of-the-art for eCommerce. It should increase security while speeding
up transactions because of the new security algorithms.

Part 1: List and discuss the major risk management functions
from a project management perspective for the eCommerce project. (15 points)

Part 2: Describe a positive and negative risk event, the
related consequences, and the risk response plans for the eCommerce project. (5
points)

Question 5. Question
: (TCO 9) List and describe at
least three key differences between risk management in an agile environment and
risk management in a traditional project.

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

Initiation

Planning

Monitoring and control

Close out

Question 2. Question
: (TCO 1) Which document on a
project authorizes the project manager to begin work on the project?

The scope

The schedule

The charter

The risk management plan

Question 3. Question
: (TCO 2) Which step of the
project life cycle defines all of the project deliverables?

Close out

Planning

Monitoring and control

Initiation

Question 4. Question
: (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.”

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

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

Question 6. Question
: (TCO 3) What values are
calculated on the forward pass of a project network?

: Early start; late start

Early start; early finish

Late start; late finish

Early finish; late finish

:

Question 7. Question
: (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

Question 8. Question
: (TCO 5) A risk matrix is used
in _____ to _____. A risk register is a
_____.

qualitative risk analysis; prioritize risks;
list of risks

quantitative risk analysis; identify risks;
way to categorize risks

qualitative risk analysis; create risk
strategies; way to monitor negative risks
risk identification; simulate project risks;
way to categorize risks

(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?

Question 2. Question
: (TCO 2) You are a project
manager for a new hardware/software project. You just received the project
charter and established your scope statement. Within the scope statement, you
defined some of the key components to meet the overall project objective.
Establishing requirements will be critical to define and get approved. The
hardware will be new for your company, so you will need to ensure the vendor is
selected and the hardware is appropriately installed into your environment. The
supporting software will need to be designed and coded. It will also need to be
installed and tested on the system. To ensure the users know how to use the new
software, training will be needed for managers and the associates. 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)

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

Question 4. Question
: (TCO 5) A firm hosts eCommerce
transactions for other companies. The firm processes credit purchases
supporting most major credit cards and is known as an inexpensive alternative
to other larger competitors. The firm is deploying new security software that
is state-of-the-art for eCommerce. It should increase security while speeding
up transactions because of the new security algorithms.

Part 1: List and discuss the major risk management functions
from a project management perspective for the eCommerce project. (15 points)

Part 2: Describe a positive and negative risk event, the
related consequences, and the risk response plans for the eCommerce project. (5
points)

Question 5. Question
: (TCO 9) List and describe at
least three key differences between risk management in an agile environment and
risk management in a traditional project.

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



Initiation

Planning

Monitoring and control

Close out

Question 2. Question
: (TCO 1) Which document on a
project authorizes the project manager to begin work on the project?



The scope

The schedule

The charter

The risk management plan

Question 3. Question
: (TCO 2) Which step of the
project life cycle defines all of the project deliverables?



Close out

Planning

Monitoring and control

Initiation

Question 4. Question
: (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.”


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



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


Question 6. Question
: (TCO 3) What values are
calculated on the forward pass of a project network?



: Early start; late start

Early start; early finish

Late start; late finish

Early finish; late finish

:

Question 7. Question
: (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

Question 8. Question
: (TCO 5) A risk matrix is used
in _____ to _____. A risk register is a
_____.




qualitative risk analysis; prioritize risks;
list of risks


quantitative risk analysis; identify risks;
way to categorize risks


qualitative risk analysis; create risk
strategies; way to monitor negative risks
risk identification; simulate project risks;
way to categorize risks




(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?






Question 2. Question
: (TCO 2) You are a project
manager for a new hardware/software project. You just received the project
charter and established your scope statement. Within the scope statement, you
defined some of the key components to meet the overall project objective.
Establishing requirements will be critical to define and get approved. The
hardware will be new for your company, so you will need to ensure the vendor is
selected and the hardware is appropriately installed into your environment. The
supporting software will need to be designed and coded. It will also need to be
installed and tested on the system. To ensure the users know how to use the new
software, training will be needed for managers and the associates. 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)


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



Question 4. Question
: (TCO 5) A firm hosts eCommerce
transactions for other companies. The firm processes credit purchases
supporting most major credit cards and is known as an inexpensive alternative
to other larger competitors. The firm is deploying new security software that
is state-of-the-art for eCommerce. It should increase security while speeding
up transactions because of the new security algorithms.







Part 1: List and discuss the major risk management functions
from a project management perspective for the eCommerce project. (15 points)


Part 2: Describe a positive and negative risk event, the
related consequences, and the risk response plans for the eCommerce project. (5
points)



Question 5. Question
: (TCO 9) List and describe at
least three key differences between risk management in an agile environment and
risk management in a traditional project.




Answers

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