Devry MGMT404 week 4 quiz

1. (TCO 1) Which step of the project life cycle creates the project charter? (Points : 5)

Initiation

Planning

Monitoring and control

Close out

Question 2. 2. (TCO 1) The purpose of a project charter is to (Points : 5)

define the project.

allow for the creation of a WBS.

authorize the project.

define detailed project risks.

Question 3. 3. (TCO 2) Project deliverables are created in the _____ , which is completed during the _____ phase of a project. (Points : 5)

charter; execution

scope; planning

schedule; planning

charter; planning

Question 4. 4. (TCO 2) Which statement is an example of a project constraint? (Points : 5)

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

“We must get permits before we start work.”

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

“The paving of the parking lot is a major piece of work for this project.”

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

Project risk

Slack

Critical path

Early start

Question 6. 6. (TCO 3) What values are calculated on the forward pass of a project network? (Points : 5)

Early start; late start

Early start; early finish

Late start; late finish

Early finish; late finish

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

Plan risk management

Identify risks

Control risks

Qualitative risk analysis

Question 8. 8. (TCO 5) A risk matrix is used to _____. A risk register is a _____. (Points : 5)

prioritize risks; list of risks

identify risks; way to categorize risks

create risk strategies; way to monitor negative risks

simulate project risks; way to categorize risks

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Question 1. 1. (TCO 1) Compare and contrast the project charter and the project scope as used in project management. (Points : 20)

Question 2. 2. (TCO 2) You are reaching the end of your graduate school program and are planning a large party to celebrate your success! You have rented out the local forest preserve as the venue for your party. Applying your project management skills, you want to ensure you have everything planned out and you’ve asked your family and friends to be a part of your team to hold this party. At your party, you have made it clear to your team what you want to have delivered. After all, it’s your party— you can have whatever you want! Some of the key items you want at your party include

· graduation announcements;

· party invitations;

· live entertainment;

· games (for adults and for children);

· food;

· beverages; and

· convenience for all (parking, restroom facilities, etc.).

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

Part 2: In your WBS, how many work packages have been created? (5 points) (Points : 20)

Question 3. 3. (TCO 3) Compare and contrast crashing and fast tracking as a means of schedule compression. (Points : 20)

Question 4. 4. (TCO 5) A firm hosts data-mining servers and performs data mining for other companies that do not desire the costs of hardware, software, or expertise to data mine their data. The firm is planning to roll out faster data-mining software that will reduce the time to sift through customers' data by a fraction of the present time.

Part 1: List and discuss the major risk management functions from a project management perspective for the data-mining software project. (15 points)

Part 2: Describe a positive and negative risk event, the consequences, and the risk-response plans for the data-mining software project. (15 points) (Points : 20)

Question 5. 5. (TCO 9) Compare and contrast the development of a WBS in traditional project management versus development in an agile environment. (Points : 20)