project management quiz 1

The rate used in discounting future cash flows. ? is simply a reminder of what information will be gathered for each work activity so the project managers have all the information needed to properly define, sequence, schedule, and budget work activities. Your project has expected cash inflows of $7.8 million in today's dollars. It is also important to note whether one work activity cannot be started until a previous activity has been completed in this type of detail; if so, that will create ________ requirements. A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. -Consists of the formal, disciplined, purely logical parts of the process. Human resources required to perform the activity. All the best! Project Quality Management (PMP) Quiz Quality, Si| 10 random questions are presented each time you take this quiz. -Involves contradictory and paradoxical world of implementation. These activities (A, B, C, D) typically have no other dependency requirements, and no other activities are attached to them. \text{Line item picking (Number of line items picked)} & \text{450.000} & \text{450.000 line items}\\ This process is called_________. Job description Job location Job salary Job benefits Q2. Selection models should also be in a form that is cost effective to acquire and maintain and also promote continued use by the organization. task. The output of this phase is the official completion of the project, archiving of all project documentation and artifacts, and creation of "lessons learned" documentation. A technique that provides a systematic process for basing project selection on numerous criteria. For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. Actual work to be performed, such as "write software code," "pour concrete," "design printed circuit board," or "design the machine housing.". \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ Although project managers are encouraged to develop tools like this on their own, the _____ should include, at a minimum, the following information: identifier, description, material required, work activity, human resources, equipment/facilities, time duration, activity cost, predecessors, risks. project. A group of projects managed in a coordinated way to obtain benefits and control not available from managing them individually. Are there numerous activities to be assimilated? The technical system and sociocultural dimensions of project management are two sides of the same coin because successful project managers are skillful in both areas. Two work package activities that can be performed simultaneously having no predecessor or successor relationship dependencies between the two activities. +60,000 - 70,000 p/a. (b) Are any residuals outliers (three standard errors) or unusual (two standard errors). They also use key resources within these departments on projects that allow the organizations the flexibility to produce deliverables in response to changing market conditions. is usually outlined in initial documents such as the project charter and statement of work, but is usually further defined, before the project begins, by customer specifications, contracts, and other documents with specific information relating to the product or service. The next step in organizing human resources with direct involvement responsibilities is to create a general category describing what functions human resources play on a project. _______ relies heavily on correctly identifying the relationships and dependencies of all activities included on the network diagram. When you review a job listing, which section offers the most insight when deciding if the role is well-suited for you? This value helps an organization better understand what the present value of future money looks like to give more refinement in the project selection process. \end{matrix} was originally developed by DuPont Inc. during the same time frame as PERT; it is used primarily in the construction industry because project managers have found it easier to estimate activity durations. Human resources 3. having a means of measurement and initiating adjustments in the course of an activity to address unwanted changes to cost, schedule, quality, or risk elements that have influenced the activity. Costs that organizations have discretion in deciding whether to fund them. This is all required specifications defining a deliverable. This process starts at the end of the network diagram and moves backward through all paths to the beginning of the network diagram. This test is designed in a manner so as to offer a wide range of. Selected intern's day-to-day responsibilities include: 1. The calculation for ______ is SLK = LS ES, and for finish is SLK = LF EF. Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. The new requirements imposed by management, government or some external influence. $$, $$ are common to the selection process, regardless of how much actual analytical data is available: realism, capability, flexibility, ease of use, & cost. Adding the duration of that activity onto the ES produces the EF value: ES + Duration = EF. School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) Many organizations find duplicate or unneeded projects after they perform which step in project portfolio management? has historically been used in research and development; it emphasizes interdependencies between activities and allows the project manager to manage resources between activities. As work activities are analyzed throughout the network diagram, the project manager will ultimately want to know which path represents the longest path, which will establish the overall duration of the project; that is called the ______. Record the end duration value for all immediate predecessor LF values. Describe the purchasing behaviors that are likely to characterize Worley's least profitable customers. Additional information that is required but not necessarily found in the ______ for an activity might include: Relationship to other activities, Constraints, & Identified risks. Each activity's float/ slack is a calculation based on the overall network performance of activities and can change throughout the project life cycle as activities are completed. This task can be accomplished using a _________. Developing a plan to manage the _____ also includes developing processes that control and validate information used in developing the project schedule. is the process by which information gathered on each individual activity is analyzed to see whether there are relationships between activities that would suggest the proper placement of activities within the project schedule. Project Management Quizzes Check your mastery of this concept by taking a short quiz. is an activity that has to be completed before the next logical activity in the network can be started. Write well-defined tests for front-end and backend 4. Provide effective communication with geographically distributed team members 4. Provides reports to management, as required. Have defined start and end dates. Estimate of total cost to complete activity. \text{Other organization-sustaining costs (None)} & \text{602.000}\\ A firm believer in lifelong learning. Property taxes on a company's factory building would be classified as a(n): Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. The unique result, time limit, goal-oriented. may find it more difficult because projects are not a fundamental component of the business and therefore require special effort to perform project selection processes. Work cannot begin on the successor activities until all work on the burst activity has been completed. All successor activities (B, C, D) can start only when that burst activity (A) has been completed. False. Higher quality and increased reliability 6. Processes can include defining scope, schedule, cost, quality, human resources, communications, risk, procurements, and stakeholder management. Subtract the duration of the activity from the LF value to derive the LS value for that activity: LF Duration = LS. * +Sole British Nationality required. the length of a project and the value of money at that point in time. Books You don't have any books yet. \text{Manual order processing (Number of manual orders)} & \text{248.000} & \text{4.000 orders}\\ What are some of the key environmental forces that have changed the way projects are managed? Why is this approach important in today's environment? Ex. Question #63 Topic 1. The application of knowledge, skills, tools and techniques to meet the project requirements. What is false concerning the financial analysis of projects? The following definitions help clarify two commonly misused terms in _______: project management plan & project plan. is usually a much larger-scale compilation of project documentation, environmental factors, organizational processes, and all other documentation required to establish boundaries around the processes performed during the project life cycle. For example, if a hospital buys supplies from Worley that had cost Worley $100 to buy from manufacturers, Worley would charge the hospital$105 to purchase these supplies. After the project manager is selected and all information gathered during the initial process has been passed to the project manager, the management staff needs to create a master plan of the project; this is called the_____. 1. test bank project management: achieving competitive advantage, 4e (pinto) chapter project selection and portfolio management project screening criterion that DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Courses You don't have any courses yet. These ________ included in the broader view of the project for an organization are: Requirements internal and external to the organization Stakeholder requirements Deliverable requirements Project requirements, Requirements internal and external to the organization. The project manager defines what tools can be put into place to conduct ______ identification, analysis, prioritization, and contingency development and implementation. In this post you will get Quiz Answer Of Fundamentals of Project Planning and Management Fundamentals of Project Planning and Management Offered By "University of Virginia" Enroll Now Use "Ctrl+F" To Find Any Questions Answer. Siemens has four primary divisions. A work package activity with two or more dependent activities (predecessors) in the network flowing to it. Some of the questions include: Are the tasks complicated? Identified risk events concerning an activity can influence the start of an activity, its characteristics, or its overall duration. Project managers should adopt whatever tools, techniques, and methodologies that a specific company prefersthis keeps senior management happy. Q7. Samsung. Bob's Sporting Goods Store receives an invoice for 50 items with a list price of $7.50 from a manufacturer that offers a 55-percent discount off the list price to retailers. Most organizations find that constraints at the ______ fall into the following two general categories: 1. Project Management Test About the test: The project management test assesses a candidate's ability to plan projects from conception to implementation, map timelines, assess risks, allocate budgets, execute the project life-cycle in a phase-wise manner, manage stakeholders, debug issues and deliver a product or service. Planning and organizing Question 3) As a project manager on a product team, your stakeholders ask you to help the marketing team come up with a strategy to attract customers. *Find all horizontal and vertical asymptotes. B) opportunity cost The project pays for itself in 23 months. This work package activity has been identified to have two or more immediate successor activities flowing away from it. PMI-ACP: Agile Certified Project Management 200 Questions. The conceptual phase marks the initial efforts taken at the beginning of a project. Collaborate with other teams at the organization. Project A temporary endeavor undertaken to create a unique product, service or result. True False Correct Ex. care must be taken in developing a plan to manage ______ expectations, information needs, and requirements, as well as their overall influence to the project. $$ Differentiating characteristics of projects from routine, repetitive daily work are below: A defined life span A well-defined objective Typically involves people from several disciplines The following example shows how the ______ process is conducted. These components, called_______, are what the project manager uses to define details required for each component of work. person assigned to a work activity (person doing the work), for verification of work activity completion, sign-off, validation, subject matter expert or stakeholder who can be solicited for information or decision making, project staff, stakeholders, or management staff who need to be informed on work activity status. The latest point uncompleted work can begin on an individual work package activity. _______ can be in the form of specific documents, analyses results, financial information, critical market timing data if applicable, and effective communication requirements of critical information. Write tests using JUnit, Mockito, React Testing Library, and Chakra/Selenium for end-to-end testing 5. It consists of 10 questions. A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals. In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the ____. Depending on how organizations utilize projects within daily operations, organizations are structured using one of three basic structures. <p>Dear All, </p> <p>I created a test project to test adding columns in a DataListView, not ListView. (A) What is the discount? Questions and Answers. The process of determining whether an organization requires a formal project management process is usually accompanied by a set of questions. Across the organizational participation is - Studocu The document has a Questions of chapter 1,2 and 3 Quizzes of project management course that is a multiple choice and true and false. answer Project Management Question 3 20 seconds Q. Question 8) Fill in the blank: A ______ has a clear outcome and a clearly-defined start and end date. Explain. Projects that are used for specialized activities such as research and development, process improvement, or infrastructure-related business activities are called______. Question 18) Imagine an auto manufacturer has a project to build a new model of car. Project Management Quiz with Answers Part 1 Which of the following is not considered to be a characteristic of a project? Shorter development times 4. The earliest point uncompleted work can begin on an individual work package activity. _____ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. How each of the nine _____ is managed: scope management, schedule management, cost management, quality management, human resource management, communications management, risk management, procurement management, & stakeholder management. a method for software development that uses new approaches, focusing on close collaboration between programming teams and business experts. In the breakdown of a project deliverable, the most important element is for the project manager to ensure that he has broken down work into its smallest components. +Hybrid working (3 days on site per week) +You will be put through SC clearance. A relationship wherein a successor activity cannot finish until a predecessor activity has started. is the most critical process of the project life cycle because it not only defines the details of project deliverables, but also yields definitions in the structure of all work activities required to meet project objectives. Selected intern's day-to-day responsibilities include: 1. Several patients were also referred or deemed ineligible for antimicrobial treatment (3.7%) following consultation. When an organization has a change control process, an individual or team identified in the change control process must correctly analyze all information and authorize changes accordingly. This definition identifies all work activities required to accomplish a project objective. Identify the five steps involved in the managerial decision-making process. PMP Practice Test: Project Management Professional 2021. Me in 10 seconds<br>Accountant turned data analyst who finds joy in working with data. requires gathering and organizing information work activity in the management of resources to complete project activities. \textbf{Liabilities} & + & \textbf{Owner's Equity} & = & \textbf{Assets}\\ \hline It outlines not only key stakeholders on the project, but also their needs and requirements as well as their relationship to the project and authority level on the project. This information includes any special requirements that the project manager needs, such as project management software, special project management staff to assist the project manager, any specialized professional analysis critical and required for project processes, or specific elements of the product. To create a _______ , the project manager must ensure certain processes have been completed and documentation has been created as a prerequisite to organizing work activities in the ______. You should practice answering each question under 60 seconds. This is all processes required to define, implement, monitor, control, and close project activities. Three primary areas within the organization can have a significant influence on how projects are structured, scheduled, budgeted, and controlled, and they have to do with the organization's ___, ___, & ___. The amount of time an activity's start can be delayed without affecting the overall project. Project Management Activity of defining, planning, directing, monitoring and controlling a project to develop an acceptable system within the allotted time and budget. \ The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project \end{matrix} Learned and applied Project Libre, Gantt chat, flowcharts, Maps, and financial assessments for managing projects. In this type of structure, individuals on a project are given work authorization responsibilities to manage specific areas within the project. What does this mean? What is the most significant characteristic or attribute of an effective project manager? \text{Activity Cost Pool (Activity Measure)} & \text{Total Cost} & \text{Total Activity}\\ Answer: B "Project is a time-limited endeavor undertaken to create a unique product, service, or result." What is a Project Triple Constraint? It is possible to have more than one critical path. 1. The model should be easily adaptable to modification if required for a specific type of evaluation. VTEEN - Vanity Teen LLC - Fashion, Lifestyle, Culture Digital & Biannual print menswear magazine, founded in 2008 This can also include milestones for periodic inspections or customer approval. If you choose to learn more about project management, look no further than this quiz. (B) What is the amount payable to the manufacture? Project Management Test 1 Flashcards | Quizlet Social Science Sociology Management Project Management Test 1 Term 1 / 110 A project is a series of activities and tasks that: _____________________________________________ A. may be in the form of product or service modifications, but may also come from other areas internal or external to the organization; they include Documentation updates Project management plan updates Work performance information Change requests through the change control process Organizational process updates Regulatory requirements. C. A project manager, project team, stakeholders D. Contract and SLA. It is important to start at the top of the Four Stage Planning Process pyramid to select the projects that support the organizations______. Better control of financial, physical and human resources 2. 2. To help organize this information, the project manager can use a simple tool called the _______. ____ typically have a combination of routinely produced deliverables as well as unique and specialized projects. Reveal Solution Discussion. \text{Activity Measure} & \text{University} & \text{Memorial}\\ The project manager's ambition is to get as much done as possible within a specific time frame with a limited budget. Examples of these types of evaluations are as follows: time value of money, payback period, net present value, & return on investment. Currently the application is able to support a proper number of users assuring the required responsiveness. completion of all courses required for a business major is an example of what? Farming equipment - tractors, mowing, tree harvesting machines. the ___ is typically the output of this phase and, if approved, marks the official beginning of the project. most of the evaluation is to determine the value the project will bring to the organization and whether the organization has the capability to perform project activities. A collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. Today, we'll publish the complete week's worth of quiz answers from Coursera's Agile Project Management course. Video Lessons (298) Quizzes ( 649 ) IT Project Management Tools View. $$ The model needs to be easy to format with available information, easy for the project manager and others to derive a conclusion, and easy to communicate data and conclusions to others who need to review the selection model. If the trinomial cannot be factored , so state. A temporary endeavor undertaken to create a unique product, service or result. Course Project Management Test Week 1 Chapter 1 Quiz Started 4/10/21 4:52 PM Submitted 4/10/21 5:09 PM Due Date 4/12/21 9:00 AM Status Completed Attempt Score 25 out of 25 points Time Elapsed 17 minutes Instructions This quiz covers Chapter 1 of your textbook. Examples of more reliable _______ are as follows: Customer specification Project statement of work (SOW) Scope statement Subject matter experts (SME) Organization's database (archived projects and "lessons learned" documents) State and local regulatory documentation. C. Have funding limits (if applicable). Two processes are used to evaluate work activities for_______; they are called the program evaluation and review technique (PERT) and the critical path method (CPM). $0 $29.99. The person who provides the direction and the funding for the project. Type of business and market position Senior management experience, personality, and management style Hierarchical command structure Maturity in customer and supplier relationships High-level investment strategies and risk tolerance Senior management's perception of lower-level workforces Organizational approach to customer service General working conditions and environment within the organization. Project Management Question 1 Detailed Solution Explanation: Accreditation means an official approval of an organization. The perspective of product scope is to put in place boundaries that ensure all the customer expectations of the deliverable have been met as well as control the extent of work performed on the deliverable to protect the supplying organization from overdeveloping a product or service that was not intended. What are five characteristics which help differentiate projects from other functions carried out in the daily operations of the organization? Costs that organizations must fund to stay in business. 2. _______ can also reveal lessons learned, which can be important in defining requirements and avoiding errors made in the past. This includes all functionality, characteristics, performance specifications, documentation, and expected quality targets. The merge activity is not able to begin until all dependent activities reporting to it are completed. Any material that needs to be purchased for this activity. has to be designed at two levels: work package activity level and overall project level. $0 $19.99. A methodology that converts an organization's value drivers to a series of defined series. If customers submit documents with specific definitions of product or service deliverables, they can be a great resource of very detailed information that can be used in requirements collection. Activities can be used only once within a diagram. The process of determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends and projecting the need for new products and services. Organizations that conduct business with a combination of projects and other business services or manufacturing may have project managers overseeing projects with a level of authority predetermined by upper management. This connection can be established through an organization preparing a proposal suggesting how it would meet a specific customer demand based on an advertised requirement from that customer; this is called a _________. defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget. communication. But the SQL data does not show. A brief description of activity to be performed. Maybe. Authorization to perform work activity can fall within the tasks of any responsible person overseeing a work activity. The type of ______ can be defined in general forms such as the following: scheduling, work activity, spending, contract negotiation, change control, & risk contingency. _____ can have a start but not necessarily an end. program. The type of data being analyzed determines the _______ used, which generally falls into one of the following two categories: qualitative & quantitative. 2. A. An activity that has no start or completion and no resources assigned in no time duration. Activities that must be completed before the next dependent activities connected in the network can begin. Expect a timed quiz after each chapter to assess your knowledge base and testing skills. Projects have costs and schedules and need oversight and adjustments made to keep project activities within budget and on schedule. In any case, __________ should include, at a minimum, the following: Project management tools used to break down and organize work activities Key people to interview for information Ways to accurately and effectively document information gathered Units of measure used to document the project (that is, hours, weeks, months) Scheduling estimating techniques Scheduling methodologies Tools used to monitor and measure project performance Reporting formats and protocols. The following is an excerpt of the "approach . The goal of project portfolio management is to help maximize business value to ensure ______. Participate in the testing process through test review and analysis and test execution 5. PSPO1 Practice Tests Scrum Product Owner certification-160Q. \end{array} The path of activities connected through a network diagram that, combined, have the longest duration. Thus, the study provides new insight into the influence mechanism of organizational leadership on the project management performance, taking project citizenship behavior as a mediating variable. People involved in or affected by project activities. Browse through all study tools. International professional society for project managers. across the organizational DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home 100% Off Coupons; one of many kinds of tangible by-product produced during the development of software. These structures are called ___, ___, & ___. Learn and implement code using Spring Boot, Hibernate/Spring JPA, MySQL, PostgreSQL, and MongoDB 3. Take this project cost management principles quiz today in order to test your knowledge and find out how well you know these basic concepts and theories. \text{ } & \text{Activity}\\ </p> <pre><code>using System; using System.Data; using System.Data.OleDb; using System.Windows.Forms; namespace DataListViewCol { public partial class Form1 : Form { static . Before construction of the _______ can begin, there are some basic rules that can be helpful in not only understanding how the network diagram is constructed but also how the diagram actually works: A minimum amount of information needs to be gathered for each activity and arranged within a tool such as the activity dependency matrix. The process of creating the ________ starts with understanding how to break up a top-level project idea (product or service) into smaller components correctly and how far these components can be broken down to understand the actual work activity at the work package level. Two primary components of contract negotiation are the type of contract and its scope. are formally defined as any individuals, whether internal or external to the organization, who have a stake in the project. A person who provides leadership and direction for the project managers heading the projects within the program. Lower costs 5. In the ____ phase, the project team perform and complete work activities. Several individual housing projects done int he same area by the same firm might best be managed as part of a ____. & For Mobile User You Just Need To Click On Three dots In Your Browser & You Will Get A "Find" Option There. A relationship wherein a successor activity cannot start until a predecessor activity has finished. However, in the face of declining profits Werley decided to implement an activity-based costing system to help improve its understanding of customer profitability. Connections between activities use arrows to identify predecessor and successor relationships. 1. ______ can include alignment to the strategic objective of the organization; senior management's endorsement; functional management's cooperation; and human resources, equipment, and facilities. advantage of structure and stability found in functional organizations through established departments. The ______ analysis starts with a component, such as the final deliverable, and asks whether or not it can be broken up. Stakeholders might not agree on what success looks like External risks can affect project success. Or the activities have no direct connection to activities for the project deliverable but are required in the overall project objective. $0 $19.99. $$. Analyzing strengths, weaknesses, opportunities and threats. Below is a project management exam test for students! In this phase, activities include review of the project objective, customer specifications, and determination of initial stakeholders. _______ can reveal performance of not only employees but also external subcontractors who were used; this information can be valuable in defining the requirements of subcontractors for a new project. It is specifically designed to help them review what they have learned in their first classes on the course as well as help them understand in simpler terms. In-house technology 2. This is called ____. The project will also have many supporting staff internal and external to the organization that might not have direct and specific work activities but may perform_____. The bubble diagram evaluation is also a non-numerical way to grade or "classify" projects based on criteria but in a different graphical form. \text{Number of manual orders} & \text{0} & \text{30}\\ ONES TestCase bug ONES Project ONES . Reviews (called "Gating") during project implementation assess current performance and priorities and decide to continue, halt, hold, or revise the project. Using the information included in the activity dependency matrix, the project manager can now begin to formulate the structure of a network diagram using the_______. Why is the implementation of projects important to strategic planning and the project manager? ___ of the project occurs when acceptance of project deliverables is confirmed. completion of a required course in project management is an example of what? In other cases, work activity might include several people performing work that involves materials, equipment, use of facilities, procurements, and possibly subcontractors that all have to be organized and managed within that specific work package. Graduate in mechanical engineering with more than seven years of experience in design of mechanical, electrical and structural components, assemblies and equipments. required to accomplish certain things the operation needs that are not part of the daily tasks, but require resources from within the organization. These types of special tasks are called ___. Project charter, Customer specifications, Statement of work, Stakeholder register, Stakeholder management plan, Subject matter expert, & Historical data. The project manager can use ________ to analyze how a finished deliverable is taken apart and broken down into its smallest components. Which project management responsibility does this represent? Ongoing activity to create product, service or result. Project Management - Quiz 1 - Your test grade is 100% The professor has configured this test to allow students to: Show Questions Answered Project Management - Quiz 1 - Your test grade is 100% The. It is a act of granting approval to an organization by an official review board, after the organization has met specific written requirements or standards. Coordinates customer and/or industry requests relative to acquisition solutions to assist with general inquiries, training, or other facilitated conversations. This process is considered to be one of the most critical elements of a project because many aspects of the project are defined at this point. ____ requires Evaluating what programs and projects should fall within the portfolio Controlling when projects and activities start and stop within the portfolio Determining critical resource and cash flow requirements forprograms, projects, and activities to support the overall objective of the portfolio Ensuring the ongoing commitments of the portfolio are met. Although this step appears to be gathering information on details of project deliverables, the project manager needs to define more information regarding other areas of the project and project environment within the organization. Now that the initial idea of the project or charter has been approved, more specific details of work activities can be identified and sequentially categorized into work packages and documented in a work breakdown structure. Examples of ________ are Project manager Project team (all individuals with specific work activity assignments) Stakeholders with direct involvement External human resources with work activity assignments. Project Management Question Bank PDF covers problem solving exam tests from project management textbook and practical book's chapters as: Chapter 1: Advance Project Management MCQs Chapter 2: Advance Project Strategic Management MCQs Chapter 3: Contemporary Organizations Design MCQs Chapter 4: Negotiation and Conflict Management MCQs This document explains how project processes are defined and implemented. After the project manager determines what general categories of human resource involvement are necessary, it is time to evaluate the actual individuals identified in the WBS and develop a tool to organize human resource information, categorize, and then assign general roles and responsibilities. Questions and Answers 1. Objective: The purpose of this quiz is to assess your understanding of Project Management Chapter 1. The discount rate that results in an NPV of zero for a project. A person who provides leadership and direction for the project managers heading the projects within the program. \text{Number of line items picked} & \text{120} & \text{250}\\ Build your test-day confidence and prepare to obtain the Security Industry Cybersecurity Certification (SICC) with the new SICC Review Course!. $$. D. Consume resources. ___ have a defined start and end. are hard requirements of the work package activity and cannot be reversed. Depending on the complexity of the project, special financial analysis may be required for cash flow, multiyear net present value calculations, budget at completion analysis, specialized risk analysis, and payback or return on investment calculations. Agile Project Management Quiz 1 Agile Project Management Practise Exam is the gateway to get yourself assessed with the fundamentals of Agile Project Management and Delivery Agile Project Management Quiz 2 Agile Project Management Practise Exam is the gateway to get yourself assessed with the fundamentals of Agile Project Management and Delivery strategic management process. \text{Electronic order processing (Number of electronic orders)} & \text{200.000} & \text{12.500 orders}\\ This plan, in general, outlines what information is to be effectively and efficiently transmitted, how and when that is accomplished, and who are the appropriate recipients. B. Try our quick project management quiz to test your knowledge! the ___ is responsible for the following tasks: Overseeing the completion of each task Assessing potential risks and engaging in control activities that keep costs and expenditures on budget and completion on schedule Managing resource schedules to complete specified activities, the ___ generally is responsible for Selecting projects and activities to support the program objective Managing project managers Overseeing scheduling of resources and cash flow required for all projects and activities within the program Ensuring ongoing commitments of the program are met. ____ is similar to program management except that it is at a higher level because ____ can include programs, individual projects, and activities performed within the organization. descriptive; grading that is used when little or no actual numerical values have been gathered on project details and decisions have to be made based on more subjective general descriptions. have a blend of both functional and projectized type structures where the organization may have traditional departments and employees reporting to functional managers, projects are still a large part of the organization's business, and employees spend portions of their time on projects and other parts of their time performing work activities for the functional department. <br><br> . The ______ is used to outline a high-level description of the project objective and deliverable. Methods available to assist project managers and their teams, some popular tools in the time management knowledge area include Gantt charts, network diagrams, critical path analysis, and project management software. Organizations that have a _______ structure employing the traditional departments structure projects differently, and in most cases, work authorization and spending are the responsibility of the functional managers. $$ \text{Number of electronic orders} & \text{15} & \text{0}\\ The lowest-level activity in the breakdown of a project deliverable. ______ defining a _____ can be both specific and generalized in nature. the identifying label on the network documenting information about a work package activity. -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. Which of the following activities is not considered a project? Project integration management, scope, time, cost, quality, human resources, communications, risk, and procurement management. Net Present Value, Multi-Selection models, Payback, Internal Rate of Return, Multi-weighted score model, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget Profit centers Structure - Functional, matrix, or projectized. are those areas of the organization that produce output such as a product or service that has an associated cost and will be sold at a higher value to create a profit for the organization. Roles of project manager are answer choices Create a project team and organization where none existed before Must decide what and how things should be done instead of simply managing set processes Must meet the challenges of each phase of the project life cycle, and even oversee the dissolution of their operation when the project is completed A relationship wherein a successor activity cannot start until a predecessor activity has started. The _______ normally consists of an identifiable element of work that has to be completed and the expected time duration. Project Management Quiz Correct 1/1 Points 1.Project charters typically include all of the following elements EXCEPT: positive and negative risks project assumptions detailed resource requirements project constraints Correct 1/1 Points 2.A well-written business case should persuade decision-makers to support the project. A person who deals with the day to day details of meeting specific goals. Leading warehousing project for 1 of the . Master's degreeWind Power Project management (1-year) 2021-2022. B. 5x^{2} + 16x + 3 Link to Project Management MCQs (PDF) is given below. Compute Worley's customer margin for University and Memorial. 3. 4. Activities that cannot be started because they are dependent on prior activities connected in the network being completed. __are unique, have a start and stop, and employ a single objective. Microsoft AZ-104: Azure Administrator Exam Prep Test. If the same type of activity is performed multiple times within a project life cycle, it is best to label each one uniquely so they can be identified within the network diagram. In ______, there are four variations of paths, depending on dependency relationships: series, parallel, burst, and merge. The selection model should require a review of the organization's capabilities, level of technology, and general fit in the current business portfolios of projects. Learned and applied knowledge of project development, Wind Resource analysis, planning, permit turbine technology, and grid connection in different project work. <br><br>In 2021, I transitioned to data by teaching myself SQL, Python, and Tableau.<br><br> Work<br>I'm working at DataLemur (https://datalemur.com) where I document, test and improve 100+ SQL questions, solutions and hints. Any equipment required and any special use of facility space. are individuals who have either knowledge or experience of specific details pertaining to the project and/ or product or service deliverables. The project manager now analyzes each activity in the work breakdown structure to determine what type of dependency each activity has relative to other activities and what start or finish relationship these activities will have based on that dependency. A ______ is a temporary endeavor undertaken to create a unique product, service or result. _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. A multiplier for each year based on the discount rate and year. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective. Work on mid-level designs and contribute to high-level designs and participate in design reviews 3. C) period cost can be established as a matter of discretion, deciding which activities should go before or after other activities. Actual numerical data such as size, quantities, temperatures, and financial data can be used more accurately to objectively assess projects for selection. Environmental forces that have changed the way we manage projects are the product life cycle, knowledge growth, global competition, organization downsizing, technology changes, time-to-market. Project management maturity of the organization 2. The company broke its selling and administrative expenses into five activities as shown below: True. Die Zahlen des RKI zu Corona im News-Blog. Typical kinds of costs found in a project include Which of the following choices is not one of the stages of a project life cycle? Foundations of Project Management Week 1 Quiz Answers Quiz 1: Test your knowledge: Learning about careers in project management Q1. Initiating, planning, monitoring and controlling and closing. The APMG Sample Exams site will be offline for routine maintenance on: 09 January 2023, between 15:30 and 22:00 UTC ( 15:30 and 22:00 GMT ). Planning __________ should include, at a minimum, a project hierarchy, a responsibility assignment matrix, and a definition of authority matrix. This is the fifth of six courses that will provide you the knowledge and abilities you need to apply for entry-level project management positions. Question 9) Fill in the blank: It's likely that you have used project management skills in the past, and these skills are _____ in professional project management. Contingency Tables are used to test for association, or dependency, between two or more classifications. Categories. Support and maintenance C. Evolution D. Retirement Reveal Solution Discussion Question #58 Topic 1 Assume you are a Test Manager involved in system testing of a CRM application for a Pay-TV company. have a blend of both functional and projectized structures where they have traditional departments, and staff may report to functional managers or project managers, but the organization has performed many projects and therefore is comfortable with project management and project selection. Any project work activities that have to be completed before this activity can begin. What is included in the triple constraint of project management? The main traits of a project: A. New dependencies can arise. This process starts at the beginning of the network and moves through all paths to the completion of each path. Other organizations may choose to group projects by product or service type where the organization may offer a small number of products or services and have a larger customer base. Greetings!! Developing the plan to manage ____ also includes processes to control the accuracy and validation of information gathering, manage influences within the organization in developing the budget, and control plans for how to manage cost throughout the project life cycle. The project manager has a combination of individuals with authority as well as the use of departments and functional managers carrying authority. What are the two dimensions of the Socio-cultural approach? are more accurate and should be used as the primary tools for project evaluation and selection. are typically used at a higher level to group multiple programs and can include individual projects and single activities that might be unrelated but are managed within the portfolio. Acquisition B. The primary tool used in graphically illustrating a PDM network of project activities is the _______. To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. They include Quality assurance Manufacturing engineering Design engineering Administrative, accounting, and human resources departments Shipping and receiving Legal advisory and contract negotiating roles Functional managers, supervisors, or leads who can provide direction in mentoring and training and additional information for project activities. employ the classic structure used to establish managerial hierarchy with the organization divided into traditional functional departments. How accurate and complete is the information? Which cash flow technique was used to determine this? NodeThe connection point of activities based on dependent relationships with other activities. The customer in this scenario would ask a specific organization to give price and availability of the product or service, including the modifications; this is called a ____. ONES TestCase. Please note that the five phases of a project (also called "The Project Life Cycle") are: (1) project initiation, (2) project planning, (3) project execution, (4) project monitoring, and (5) project closing. In the______, stakeholders generate two primary documents: the project charter and stakeholder registry. A temporary endeavor undertaken to create a unique product, service, or result, A group of related projects designed to accomplish a common goal over an extended period of time, A process of managing a group of ongoing, interdependent, related projects in a coordinated way to achieve strategic objectives. Facilities & equipment 5. Certification provided by PMI that requires documenting project experience, agreeing to follow the PMI code of ethics and passing a comprehensive exam. \begin{matrix} Yes. Multinational Manufacturing Company. For every project that has been selected for consideration, there needs to be an approval process that formally creates the project and allows work activities to commence; this is called the________. \begin{matrix} Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz Specialized staff called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects. $$ A unique endeavor designed for a specific purpose to accomplish a single objective. A labeling convention needs to be established to display information for each activity on the network. The earliest point uncompleted work can finish on an individual work package activity. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 An optimal way recognized by industry to achieve a stated goal or objective. True. Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. A grouping of related projects. Worley gathered the data below for two of the many hospitals that it serves-University and Memorial (both hospitals purchased a total quantity of medical supplies that had cost Worley $30,000 to buy from its manufacturers):$ Project managers should use the same tools, techniques, and methodologies every day this consistency is key to achieving an optimal outcome. Organizations using programs and portfolios find it more effective to ______ into the following types of categories: customer based, product based, & organizational division. AT&T, Verizon, and T-Mobile. \text{Number of deliveries} & \text{10} & \text{25}\\ This definition includes development of each process type, the intended management of each process, and how each process is monitored and controlled. A gile Project Management Quiz Answers Week 1. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project The return available by investing the capital elsewhere. Six primary areas within organizations can present problems in _________: 1. Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management, *Factor the trinomial. Question #64 Topic 1. Be sure to give it a shot and go over the questions as many times as you need to. A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. Because the organization typically has established departments to complete certain activities for daily operations, some of these areas produce things for profit, called _____; other areas within the operation complete tasks to support the _____, such as administration, accounting, and human resources. Design, implement and test complex software applications 2. Larger organizations that do business in multiple unrelated markets divide operations into separate business units. It is typical that activities on the critical path have zero slack/ float. The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. Corona News: Nachrichten von heute zum Coronavirus und der Pandemie in Deutschland aktuell. Ex. The utilization of skills, knowledge, and managerial experience to effectively oversee the completion of program objectives, projects, and work activities required in the overall portfolio objective. What is not a potential advantage of using good project management? To keep track of your finances To help you keep track of each key stage of the project To speed up your work process To delegate all your tasks to others Further Resources: One Week Time Management Plan: Three Famous Techniques Project management Chapter 1,2 and 3 Quiz Questions - 1. 1. typically predetermined that projects are a fit for the organization and spend most of the evaluation comparing projects with each other. The ______ does not represent The longest duration activities All activities critical to the project All activities with the highest cost Activities with the highest risk potential. Have a specific objective. This situation is called_______. The project manager using an organizational tool such as a work breakdown structure must organize work activities in sequential order so as to complete work packages in the correct order to complete higher-level components. Depending on the information and communication structure of a project, some change requests may be informally introduced; because they are not controlled, they result in extra work activity that may or may not be approved. Estimate of time required to complete the activity. Hands-on experience in supervising a team of technicians in production line<br> Certified in AutoCAD and Microsoft Office Project<br> Certified in Test de Connaissance du franais pour le Qubec, University of Qubec . Management 4. Ex. The technical and sociocultural dimensions of project management are two sides to the same coin. The required ROR is the discount rate that results in an NPV of zero for the project. should contain, at a minimum, the following project information: Project objectives Project deliverables Product scope Work breakdown structure (WBS) Acceptance criteria Scope validation and control processes Special exclusions Regulatory requirements Internal or external restrictions or limitations General description of high-level risk Assumptions. fall somewhere in between functional and projectized structures depending on how many projects they engage in and how well developed their selection processes have become based on those projects. All predecessor activities (A, B, C) have to be completed before the merge activity (D) can begin. A. Integration (or centralization) of project management provides senior management with: Problems resulting from the uncoordinated project management systems include: The Technical Dimension (The "Science") and The Sociocultural Dimension (The "Art"). United States. Take ownership and handle . A technique that uses branches radiating out from a core idea to structure thoughts and ideas. Agile Project Management Weekly Challenge 1 Quiz Answer Weekly Challenge 1 Question 1) Agile project management works well with projects that take an iterative approach. The featured exercises and quizzes will facilitate your vocabulary and process concepts. Strategic planning, Business area analysis, Project planning, Resource Allocation. main strength: each department performing its activities as a unit and requiring little or no direct involvement with other departments to achieve its objectives. Approximately what percentage of the world's gross domestic product is spent on projects? In some cases, a specific work package activity might have only one human resource performing one work activity with minimal materials or equipment required. Process or product improvements for the organization. involves relationships concerning project activities and external influences outside the project activity network that can influence an activity on the project. Managing a project typically includes: answer choices To begin this process, the project manager needs to compile information to more specifically define project deliverables. The following example illustrates how a _______ process is conducted. D) variable cost. A grouping of either related or nonrelated programs, projects, or individual work activities. A) product cost ___are less unique, have a start, but might not necessarily stop unless the organization no longer has a requirement for that product or service. Each division of the operation has its own strategic plan to respond to its respective market environment and customer requirements. Defining activities results in an enormous amount of information and details that need to be captured and organized to effectively create a project schedule; this task is accomplished through a ________. Activities that can be accomplished simultaneously are called __ activities. Write clean and elegant code using React and Java 2. Compute the activity rate for each activity cost pool. The latest point uncompleted work can finish on an individual work package activity. what does not retained mean on a job application, unicaen zimbra webmail, river house at odette's wedding cost, meigs county tn police reports, former tsc hosts, doug goldstein manager net worth, waseca funeral home obits, actress who plays kathy kenda on homicide hunter, thomas carballo "mojo" salary, bicycle wheel planter, disadvantages of autopsy forensic tool, judy keel biography, knwa news anchor dies, travellers club paris reciprocal, connecting 3 6 gauge wires,

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