devry mgmt404 midterm exam july 2015

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Question 1. Question : (TCO 1) A project is defined as a(n) _____ endeavor undertaken to create a(n) _____ product, service, or result.

challenging; new

temporary; unique

new; challenging

ongoing; unique

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

The scope

The schedule

The charter

The risk management plan

Question 3. Question : (TCO 2) Project deliverables are created in the _____ , which is completed during the _____ phase of a project.

charter; execution

scope; planning

schedule; planning

charter; planning

Week 2 Lecture

Comments:

Question 4. Question : (TCO 2) Which statement is an example of a project assumption?

“If the parts arrive late, we will not finish on time.”

“We must get permits before we start work.”

“I believe the contracts will be signed by the 15th.”

“The paving of the parking lot will be completed within this project.”

Week 2 Lecture

Comments:

Question 5. Question : (TCO 3) The amount of time an activity can be delayed without impacting the end date of the project is known as what?

Project risk

Slack

Critical path

Early start

Chapter 9

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Comments:

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

Early start; late start

Early start; early finish

Late start; late finish

Early finish; late finish

Chapter 9

Comments:

Question 7. Question : (TCO 5) In which process of risk management is the risk register initially created?

Plan risk management

Identify risks

Control risks

Qualitative risk analysis

Week 4 Lecture

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Comments:

Question 8. Question : (TCO 5) Contingency plans are created

to proactively address the risk.

to respond to the risk should the risk occur.

to gather information on vital risks.

to avoid red risks in the project plan .

Week 4 Lecture

Comments:

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Question 1. Question : (TCO 1) Before one can begin writing a charter, one must consider the most appropriate organization for the project. You are the project manager for a company that integrates custom data solutions for large corporate enterprises. This project will span two or three years and will cost tens of millions of dollars. This is a large, very involved project. Which of the five organization structures is most suitable? Why?

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

Part 1: To ensure you have a clear scope for your team, create a 2-level WBS. Don’t forget to include your WBS numbering. (15 points)

Part 2: In your WBS, how many work packages have been created? (5 points)

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

Question 4. Question : (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)

Question 5. Question : (TCO 9) Compare and contrast the development of a WBS in traditional project management versus development in an agile environment.