MGMT 404 Week 4 Quiz Latest-2016 November

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MGMT 404 Week 4 Quiz Latest-2016 November

Question

Question 1.1. (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) 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 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 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) 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 are proactive and reactive strategies considered? (Points : 5)

Plan risk management

Plan risk responses

Control risks

Qualitative risk analysis

Question 8.8. (TCO 5) Contingency plans are created (Points : 5)

to proactively address the risk.

to respond to the risk should the risk occur.

to gather information on vital risks.

to avoid red risks in the project plan .

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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 a company that integrates custom data solutions for large corporate enterprises. This project will span two or three years and will cost tens of millions of dollars. This is a large, very involved project. Which of the five organization structures is most suitable? Why? (Points : 20)

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Question 2. 2. (TCO 2) You are a project manager for a new hardware/software project. You just received the project charter and established your scope statement. Within the scope statement, you defined some of the key components to meet the overall project objective. Establishing requirements will be critical to define and get approved. The hardware will be new for your company, so you will need to ensure the vendor is selected and the hardware is appropriately installed into your environment. The supporting software will need to be designed and coded. It will also need to be installed and tested on the system. To ensure the users know how to use the new software, training will be needed for managers and the associates.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)

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Question 3. 3. (TCO 3) Compare and contrast crashing and scope reduction as means of schedule reduction. (Points : 20)

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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 how a scope is created in traditional project management versus one created in agile project management. (Points : 20)

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