Devry MGT404 week 7 quiz 2015

Question # 00061443 Posted By: neil2103 Updated on: 04/15/2015 09:32 PM Due on: 04/30/2015
Subject Business Topic Management Tutorials:
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Question 1.1.(TCO 4) An example of bottom up estimating would be:(Points : 5)

If it cost two dollars today to buy a server, then it will cost three dollars tomorrow to buy the same server.
Senior management has said this project will cost $10,000.
The consulting company doing the work estimates the work to cost $40,000.
A 100-square foot building costs $1100; therefore, a 1000-square foot building should cost $11000.

Question 2. 2.(TCO 6) You are the project manager of a major IT project in Italy. You review your earned value report and you see that your CPI is .78. What does this mean to you? (Points : 5)

The project is doing fine. It will be completed on budget.
The project is slightly under budget. No corrections are needed.
The project is slightly over budget. Corrections are needed.
The project is very much over budget. Immediate corrections are needed.

Question 3. 3.(TCO 4) Which of the below is an example of a fixed cost to a project? (Points : 5)

Cost of mortgage on a building needed for the project
Cost of a day rental van needed for the project
Cost of labor to support the project
Cost of electricity needed to operate a machine needed for the project

Question 4. 4.(TCO 7) Which of the following is an example of a formal verbal form of communication? (Points : 5)

Meeting notes made at a meeting with the VP of the company
A presentation by the project team to senior management
Contracts with a client that have been reviewed by lawyers
A memo from the senior VP of the company

Question 5. 5.(TCO 8) What document provides the project manager with information as to whom must be consulted and informed of the completion of a particular project activity? (Points : 5)

The WBS
The RACI
The OBS
The RBS

Question 6. 6.(TCO 8) You are the project manager of a large, virtual financial project. You want to improve the functioning of the project team. Which of the techniques below would not likely improve the effectiveness and efficiency of the project team? (Points : 5)

Establish a code of conduct for the project team.
Create a process to handle conflict.
Ensure all members of the team fully understand the project scope.
Hold face-to-face meetings whenever possible.

Question 7. 7.(TCO 9) Leadership in agile project management focuses on _____. Leadership in traditional project management focuses on _____. (Points : 5)

collaboration; control
command; creativity
creativity; collaboration
control; collaboration

Question 8. 8.(TCO 6) To control your project, you decide to use milestone analysis. Which of the below is not a benefit of using milestone analysis to control a project? (Points : 5)

Milestones prevent scope creep.
Milestones permit reevaluation of client needs.
Milestones allow for periodic reviews of the project.
Milestones can motivate the project team.

page 2

Question 1. 1.(TCO 4) Compare and contrast parametric and bottom-up estimating techniques. (Points : 20)



Question 2. 2.(TCO 6) You are comparing two projects. Using the data below, calculate the CV, SV, SPI, and CPI. Second, use the values to provide the status of each project. All values are in dollars.

Project A

Project B

EV

850

550

PV

875

575

AC

900

650

(Points : 20)



Question 3. 3.(TCOs 4 and 6) What is resource leveling on a project and what are its objectives? (Points : 20)



Question 4. 4.(TCO 8) Compare and contrast Tuckman’s five stages in group formation to the punctuated equilibrium model of group formation. (Points : 20)



Question 5. 5.(TCO 9) Compare and contrast project control in an agile environment and in a traditional environment. (Points : 20)


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