MGMT404 2021 September Week 7 Quiz Latest

MGMT404 Project Management

Week 7 Quiz   

Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT:

a. financial condition analysis     

b. supplier surveys         

c. prototyping   

d. facility visits

The evaluation criteria that were developed during procurement planning to define how the team will evaluate and rank proposals should guide them in the vendor evaluation and selection process.

  a. True               

  b. False              

The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project. As such it is equivalent to:

a. the total actual cost of the project.    

b. the total earned value of the project.               

c. the total value of the work completed to date              

d. the total planned value of the project.             

Perform Qualitative Risk Analysis is the process of adhering to the risk response plan of tracking identified risks, identifying new risks, monitoring residual risks, and evaluating the effectiveness of the risk response process throughout the project.

  a. True

  b. False              

Monitoring and controlling project work refers to the processes of tracking, reviewing and reporting progress to meet the performance objectives defined in the project plan.

  a. True               

  b. False              

Often a project team will start the selection process by establishing a list of potential suppliers. All of the following information sources are frequently used to identify these potential suppliers EXCEPT:

a. supplier catalogs or websites

b. sales personnel          

c. trade shows  

d. stakeholder register

With respect to performance reporting, which of these are the actual and raw observations and measurements gathered during execution of project activities?

a. Work performance analysis   

b. Work performance reports   

c. Work performance information           

d. Work performance data

In which of the following tools would a normal or bell-shaped curve be expected if no special conditions are occurring?

a. cause and effect diagram       

b. check sheet  

c. flow chart      

d. histogram      

Project partnerships offer which of the following advantages to both clients and vendors?

a. Ability to explore new technologies   

b. More effectively managed risks          

 

c. Potential of lower cost for client          

d. Opportunity for vendor to prove themselves

Which of the following terms describes a method for transforming contractual arrangements into a cohesive, collaborative project team with a single set of goals and established procedures for resolving disputes in a timely and cost-efficient manner?

a. a contract unification plan      

b. partnering     

c. arbitration     

d. conflict resolution