devry MGMT404 quiz 4 may 2015

| September 29, 2018

Question 1.1. (TCO 1) Which step of the project life cycle
creates the project charter? (Points : 5)
Initiation
Planning
Monitoring and
control
Close out

Question 2.2. (TCO 1) The purpose of a project charter is to
(Points : 5)
define the
project.
allow for the
creation of a WBS.
authorize the
project.
define detailed
project risks.

Question 3.3. (TCO 2) Which step of the project life cycle
defines the project scope? (Points : 5)
Initiation
Planning
Execution
Close out

Question 4.4. (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.”

Question 5.5. (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

Question 6.6. (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

Question 7.7. (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

Question 8.8. (TCO 5) A risk matrix is used in _____ to
_____. A risk register is a _____.
(Points : 5)
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
Page 2
Question 1. 1. (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)Question 2. 2. (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) (Points : 20)Question 3. 3. (TCO
3) Compare and contrast crashing and scope reduction as means of schedule
reduction. (Points : 20)Question 4. 4. (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)Question 5. 5. (TCO
9) Compare and contrast how a scope is created in traditional project
management versus one created in agile project management. (Points : 20)

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