C722 Project Management (PA)

C722 Project Management (PA) 12 studiers recently 5.0 (1 review) Students also studied Terms in this set (70) Save C722 PreAssessment 70 terms lynn_shanelec Preview C722 PreAssessment 70 terms wmcharltonPreview C722 PreAssessment 70 terms marifield28Preview WGU - 281 term Lea A firm begins its strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a business management project.Which aspect of project management applies to this firm's project?

a) External Environment

b) Interdependent Tasks

c) Regulatory Concept

d) Independent Operations

b) Interdependent Tasks

A firm begins its strategic business initiative of developing a new business model to enhance its competitiveness.What can be identified as a strategic business initiative for this firm?

• timely payment of liabilities
• environments scanning

c) Liaison regulatory agencies

d) Improvement in product design

d) Improvement in product design

A firm begins a strategic business initiative of developing a new business model that will allow the firm to deliver an efficient, tailored service to its customers. Which shareholder would have triggered this strategic business initiative?

a) Production supervisor

b) Financial controller

c) Project sponsor

d) Director of operations

c) Project sponsor

Which group is included in the five process groups? Closing process group What does PRINCE2 stand for?Projects IN a controlled environment Which PMBOK process group is described as the delivery part of project management where the main activity happens?Executing What advantage does the functional (departmentalized) organizations structure provide for a firm with multiple projects?Lines of authority are clear.Which two organizations are examples of organizations with the functional organization structure? Choose 2 answers The US Department of Energy The US Dept. of State An organization expects to use a project managements office (PMO) to support multiple projects that will be implemented within a projectized organizational structure. Which implied effect is a benefit to this organization?

a) Project team members retain their functional

responsibilities.

b) Project team members gain access to historical data

from other projects.

c) Project team members gain access to the newest

technologies and skill sets.

d) Project team members become full-time employees

b) Project team members gain access to historical data from other projects.*

c) Project team members gain access to the newest technologies and skill sets.

d) Project team members become full-time employees

Regardless of the organizational structure used to manage a project, an organization elects to use a project management office (PMO). Which benefit will this organization gain?

a) Projects will define the organization's corporate strategy in the project charter.

b) Projects will receive a 10% managerial reserve fund to cover warranty back

charges.

c) Projects will eliminate the costs incurred from having o follow corporate

procedures.

d) Projects will coordinate resource usage by monitoring the status of shared

resources.* During a certain project phase, specific blueprints are drawn and approved, materials and labor costs are estimated, prototypes are created, and work activities and tasks are identified. Also, quality expectations, measurements, and costs are defined.During which project phase do these activities occur?planning Place the project activities in order of occurrence from first the last.2) Developing the work breakdown structure 5) Capturing lessons learned 3) Working to produce project deliverables 1) Collecting customer requirements 4) Customers evaluating the project outcomes

During which life cycle phase is the vast majority of the actual work to produce the project's deliverables completed?executing What is the correct term for an intermediate outcome of project work, such a signed contract or obtaining a construction permit?deliverable Which deliverable from a work breakdown structure (WBS) is not specific enough to measure its completion at project closure?

a) Payment processing hardware

b) Hardware setup

c) User training*

d) User documentation manuals

The following table shows the Level 1 work breakdown structures (WBS) for project A What approach did the project manager use to structure the WBS?

a) Sequence of project phases*

b) List of deliverables

• list of project stakeholders
• enumeration of functional departments

For the following collapsed work breakdown structure (WBS) for Project o, the project manager must complete the scope baseline. In addition to the WBS, the scope baseline will contain 2 additional documents.What are the other two documents that belong on the scope baseline?

a) WBS dictionary and project scope statement*

b) Project contract and business case

c) Project charter and statement of work

d) Activity list and scope management plan

For the following collapsed work breakdown structure (WBS) for Project 0, the project's steering committee held a phase gate review of the Feasibility results. That review determined that the project's proposed design would be obsolete before it would reach the marketplace. Which action should the project manager initiate?

a) Fast tracking the schedule by altering predecessor to successor relationships

b) Crashing the project's schedule by asking for more resources

c) Looking for ways to make the design less costly.

d) Terminating the project as soon as possible and releasing the project's

resources.* A project is an operational necessity to repair a design flaw in the date field that constrains the year number to 2 digits, instead of permitting the year to be indicated with

• digits. If the project is not completed before December

31, 1999, many legacy programs are expected to fail or produce unpredictable outcomes. The marketing department wants to upgrade its existing computer equipment and have the costs included in the budget for this project. The project team implemented the marketing department's request without completing the formal change control procedures.What has happened to the scope baseline of this scenario?

a) Some risks have caused a smaller scope variance

b) Scope upgrade has caused a scope variance

c) Scope creep has caused a scope variance*

d) Scope updates have caused an unaffordable scope variance

A general contractor is managing a highway construction project that will repair a flood-damaged road. The project was documented in a cost-plus-incentive fee contract that specified a completion date of June 30. The Dept of Transportation has offered an incentive for early completion of repairs.Which triple-constraint baseline remained unchanged by the effects of the incentive?

• price
• cost
• scope*
• time

In project A, the contract specifies that time is very important. All of the scope must be completed, or the project will fail. The project's objective requires the project team to work as quickly as possible.Which triple constraint can be adjusted to permit the project team to work as quickly as possible?

• incentives
• price
• cost*
• time

In project B, all of the scope must be completed, or the project will fail. The work is important but not urgent.What triple constraint can be adjusted if the project's objective requires the project team to work at the lowest possible cost?

• time*

b)penalties

• cost
• incentives

A project manager is discussing the latest financial reports of a project to construct a grocery store and is approx. 90% into the planning phase. The project manager has been told by a project team member that other grocery stores in the area have an ATM for visitors.An ATM has not been discussed or incorporated into the planning of this project nor have any been incorporated into the prior grocery store services. The leader calls for the immediate addition of an ATM into all prior grocery stores.Which non-numeric model is the leader using?

• sacred cow
• operating necessity
• competitive necessity*
• checklists

An organization has a surplus of project dollars n the operating budget. The senior leader's decision is to fund one more project with the remaining funds. Of the three projects proposed, one of the projects was selected without evaluation of feasibility or viability.

• sacred cow*
• competitive necessity
• weighted factor
• operating necessity

Each project team member generated a series of questions to evaluate three projects. The checklist was compiled into one list based on frequency of question content, such as personnel materials, experience, and time. The more frequent the question content, the more likely the questions would be asked first.What 2 benefits result from the checklist approach?Choose 2 answers...

• operational impact has been built*
• strategic planning has been integrated*
• biases have been reduced
• priorities of senior leadership is met