Devry MGMt404 week 4 quiz

Question 1.1.(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) 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 critical path in a project describes which of the following? (Points : 5) The path containing the most important pieces of work The longest path in a project The activities with the highest risk The activities with the highest cost to the project 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 are proactive and reactive strategies considered? (Points : 5) Plan risk management Plan risk responses 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) Before one can begin writing a charter, one must consider the most appropriate organization for the project. You are the project manager for an organization that builds doors and windows for homes. Which organization structure of the five types is most suitable? Why? (Points : 20)

Question 2. 2. (TCO 2) You are a project manager at a bike shop. You just received a shipment of new bikes that need to be assembled. For each bike, the frame needs to be set, which includes the bike frame, handle bars, and the seat. The wheels need to be mounted. The braking system needs to be installed. Before a bike can be sold, it needs to be tested by the quality team and road tested. 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) (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 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. 5. (TCO 9) Compare and contrast the development of a WBS in traditional project management versus development in an agile environment. (Points : 20)