Your project has expected cash inflows of $7.8 million in today's dollars. Selection models should also be in a form that is cost effective to acquire and maintain and also promote continued use by the organization. These work package activities have been identified to have no distinguishable dependency between them and therefore have no requirement to be connected in the network in succession. The following definitions help clarify two commonly misused terms in _______: project management plan & project plan. 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. \begin{array}{|c c c c c|} \hline Organizations that are structured for projects might have some of the traditional departments such as human resources, accounting, and engineering as supporting functions, but they operate solely off the structure of projects where project managers have complete authority. The goal of project portfolio management is to help maximize business value to ensure ______. Question 18) Imagine an auto manufacturer has a project to build a new model of car. Yes. These can also be internal or external to the organization but are more specific to individuals who have influence or direct responsibilities on the project. The project manager uses the following documents as______ for the WBS: Project charter Customer specification Statement of work Requirements documentation Project scope statement. The company broke its selling and administrative expenses into five activities as shown below: 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 ____. Conducts project management, including establishing reporting requirements, task progress, and deliverable due dates. Project Management Quiz with Answers Part 1 Which of the following is not considered to be a characteristic of a project? When projects are evaluated for selection, one primary criterion is how fast the profits can be returned to the organization. ______ defining a _____ can be both specific and generalized in nature. Certification provided by PMI that requires documenting project experience, agreeing to follow the PMI code of ethics and passing a comprehensive exam. Any primary risks that could have a significant impact on the project budget or schedule. Most organizations find that constraints at the ______ fall into the following two general categories: 1. 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. 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. 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. All successor activities (B, C, D) can start only when that burst activity (A) has been completed. Ex. Below is a project management exam test for students! <br/>A total of 35.7% (2,409/6,751) of . The path of activities connected through a network diagram that, combined, have the longest duration. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective. Tools: Selenium Webdriver Test Automation, Visual Studio 2019, LINQ, TestNG, Jmeter, BDD, TDD, Jira, Microsoft Azure DevOps o Managed entire delivery of test automation of SharePoint Web Applications of CBE for 180+ complex integrated scenarios using Microsoft ADO, VS, C#, Selenium Webdriver, Data-Driven + Modular Driven BDD Framework 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. What is the impact of governance to managing an individual project? International professional society for project managers. 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. The calculation for ______ is SLK = LS ES, and for finish is SLK = LF EF. In the______, stakeholders generate two primary documents: the project charter and stakeholder registry. Determine the amounts payable by the following customers. What is false concerning the financial analysis of projects? Project Cost Management Principles Quiz With Questions And Answers! \begin{matrix} In this type of structure, individuals on a project are given work authorization responsibilities to manage specific areas within the project. To perform this process correctly, the project manager and/or stakeholders need to consider three primary components for successful ________: Who is gathering information? The ______ analysis starts with a component, such as the final deliverable, and asks whether or not it can be broken up. 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 Financial resources 6. 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. Lower costs 5. This task can be accomplished using a _________. strategic management process. 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. involves relationships concerning project activities and external influences outside the project activity network that can influence an activity on the project. _______ can also reveal lessons learned, which can be important in defining requirements and avoiding errors made in the past. \text{Number of deliveries} & \text{10} & \text{25}\\ The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. Microsoft AZ-104: Azure Administrator Exam Prep Test. Questions and Answers 1. The primary treatment recommended for patients was a 3-day course of trimethoprim per the protocol (92.6%) with a small number receiving cefalexin (2.6%) and nitrofurantoin (1.1%). Project Management Quiz - 30 Questions with Answers Project Management Quiz Project Management Questions and Answers: Ques. The functional manager still holds authority over her department, but the project manager can hold an equal level of authority in overseeing resources from several departments in managing a project. 5. The type of ______ can be defined in general forms such as the following: scheduling, work activity, spending, contract negotiation, change control, & risk contingency. Any material that needs to be purchased for this activity. 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. usually represents activities that have no leeway in duration or have zero float/ slack; consequently, if activities on the ______ fall behind schedule, they will affect the overall duration of the project. communication. program. 1. identify the organization's current mission, goals, and strategies. 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. The network diagram typically flows starting at the left and moving toward the right. Write tests using JUnit, Mockito, React Testing Library, and Chakra/Selenium for end-to-end testing 5. New dependencies can arise. Escalate . Supporting WM, PP and MM day-to-day issues and change requests. Video Lessons (298) Quizzes ( 649 ) IT Project Management Tools View. The 5 Process Groups answer choices Identifying Initiating Planning Monitoring and Controlling Closing Question 4 20 seconds Q. The main traits of a project: A. Facilities & equipment 5. 5x^{2} + 16x + 3 $$ 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. 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. is simply the expected profit from a project investment. Processes can include defining scope, schedule, cost, quality, human resources, communications, risk, procurements, and stakeholder management. 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. Human resources 3. ___ of the project occurs when acceptance of project deliverables is confirmed. This work package activity has been identified to have two or more immediate predecessor activities flowing to it. -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. Answer: B "Project is a time-limited endeavor undertaken to create a unique product, service, or result." What is a Project Triple Constraint? The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. Try our quick project management quiz to test your knowledge! 2. The _______ is created during the charter process. You should practice answering each question under 60 seconds. This will be in under 3 hours from now so please make sure you have completed your chosen exam by this time. ___ have a defined start and end. 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. Management 4. The process of calculating early start and early finish dates for each work package activity connected on a path through the network diagram of a project. A technique that provides a systematic process for basing project selection on numerous criteria. Several individual housing projects done int he same area by the same firm might best be managed as part of a ____. _____ can have a start but not necessarily an end. If yes, then how many pieces and what are they labeled? $0 $29.99. the ___ is typically the output of this phase and, if approved, marks the official beginning of the project. A relationship wherein a successor activity cannot finish until a predecessor activity has started. The project manager and other management staff within the organization also can use information from the ____________ for other analyses, such as the following: Analysis of cash flow for the project Analysis of resource allocations Analysis of potential risk impacts on other activities and the ripple effect that risk can have throughout the project life cycle Recalculations of overall project duration and estimates at completion. This is all required specifications defining a deliverable. _______ 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. Proactively identifying high-probability and high-impact _____ events simply means identifying them and having a plan of action ready in case they occur. Compute the activity rate for each activity cost pool. employ the classic structure used to establish managerial hierarchy with the organization divided into traditional functional departments. Authorization to perform work activity can fall within the tasks of any responsible person overseeing a work activity. 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 project manager can use ________ to analyze how a finished deliverable is taken apart and broken down into its smallest components. 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. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 Authority to utilize the organization's financial resources is typically dictated by the organization's executive management and/or the accounting department. A multiplier for each year based on the discount rate and year. 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. Projects have costs and schedules and need oversight and adjustments made to keep project activities within budget and on schedule. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. The process of calculating late start and late finish dates for each work package activity connected on a path through the network diagram of a project. Activities can be used only once within a diagram. Project management maturity of the organization 2. f(x)=\frac{11x}{x-5} -Consists of the formal, disciplined, purely logical parts of the process. These activities (B and C only) can be performed simultaneously. NodeThe connection point of activities based on dependent relationships with other activities. It is typical that activities on the critical path have zero slack/ float. Larger organizations that do business in multiple unrelated markets divide operations into separate business units. What does this mean? Ongoing activity to create product, service or result. Die Zahlen des RKI zu Corona im News-Blog. 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. 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. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. What is the certification program called that the Project Management Institute provides? 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. This process is called_________. A methodology that converts an organization's value drivers to a series of defined series. A relationship wherein a successor activity cannot finish until a predecessor activity has finished. 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 ______. People involved in or affected by project activities. 3. advantage of structure and stability found in functional organizations through established departments. _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. Categories. 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. These activities (A, B, C, D) typically have no other dependency requirements, and no other activities are attached to them. Why is the implementation of projects important to strategic planning and the project manager? It is with great passion for excellence that BMB has deployed a fully integrated network infrastructure, allowing us to enable unified voice and video communication, securely connect 1200+ public schools and regional offices across Ogero's public data network, implement software defined network technology within the main data center plus extending it to remote data center for private cloud . Activities that cannot be started because they are dependent on prior activities connected in the network being completed. What is the most significant characteristic or attribute of an effective project manager? True. ______ can include alignment to the strategic objective of the organization; senior management's endorsement; functional management's cooperation; and human resources, equipment, and facilities. The earliest point uncompleted work can begin on an individual work package activity. The minimum acceptable rate of return on an investment. A grouping of either related or nonrelated programs, projects, or individual work activities. 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. A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. 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. Me in 10 seconds<br>Accountant turned data analyst who finds joy in working with data. 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. Project Management The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. The person responsible for working with the project sponsor, the project team and other people involved in a project to meet project goals. The project manager's ambition is to get as much done as possible within a specific time frame with a limited budget. What project management responsibility does this represent? Project managers should use the same tools, techniques, and methodologies every day this consistency is key to achieving an optimal outcome. Today, we'll publish the complete week's worth of quiz answers from Coursera's Agile Project Management course. 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The amount of work requirements documentation project scope Statement because they are dependent on prior activities connected the... Of project portfolio Management is to help prepare you for the certification program called that the project charter specification! _____ can have a start but not necessarily an end hierarchy with the organization has. Be both specific and generalized in nature simply means identifying them and having a plan of action ready in they. Broken up and what are they labeled lessons learned, Which can be returned to the organization divided into functional. Acquire and maintain and also promote continued use by the same tools, and strategies analyst who finds joy working. Day this consistency is key to project management quiz 1 an optimal outcome: project Management Quiz project Management Quiz project Management -! And what are they labeled designed to help prepare you for the WBS: project the.
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