Devry MGMt404 week 4 quiz

(TCO 1) Which document is created during the initiation phase of a project? (Points : 5)
The scope
The project schedule
The project charter
The project communication plan





Question 2. 2. (TCO 1) Which document on a project authorizes the project manager to begin work on the project? (Points : 5)
The scope
The schedule
The charter
The risk management plan





Question 3. 3. (TCO 2) Which step of the project life cycle defines all of the project deliverables? (Points : 5)
Close out
Planning
Monitoring and control
Initiation





Question 4. 4. (TCO 2) Which statement is an example of a project deliverable? (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 is lot is major piece of work for this project.”






Question 5. 5. (TCO 3) The longest continuous path of activities from beginning to end on a project describes the (Points : 5)
deliverables.
slack.
critical path.
work packages.





Question 6. 6. (TCO 3) Hammock activities are used to do which of the following? (Points : 5)
Ensure critical path work is done on time.
Capture lessons learned on two or more activities.
Summarize duration and cost information on related activities.
Provide information on project slack.





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

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 scope reduction as means of schedule reduction. (Points : 20)

Question 4. 4. (TCO 5) A firm stores data for other organizations. The company stores data across many states, providing backup data storage for state, municipal governments, and large corporations. The firm is deploying a new set of storage devices that are faster, denser, and more energy efficient.

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

Part 2: Describe a positive and a negative risk event, the related consequences, and the risk response plan for each of the two risks for the new data storage project. (5 points) (Points : 20)

Question 5. (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)