devry-mgmt404-quiz-4

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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) Projects have specific attributes.
Which of the following is not an attribute of a project? (Points : 5)

It is an
ongoing endeavor.

It has a
defined objective.

It requires
resources.

It has a
defined start and stop.

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 in _____ to
_____. A risk register is a _____.
(Points : 5)

qualitative
risk analysis; prioritize risks; list of risks

quantitative
risk analysis; identify risks; way to categorize risks

qualitative
risk analysis; create risk strategies; way to monitor negative risks

risk
identification; simulate project risks; way to categorize risks

Page 2

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 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

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)

5.2 Send thank you note

b) As can be seen from above WBS, there are 21 work
packages, the second level tasks under each main task

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. 5. (TCO 9) List and describe at least three key
differences between risk management in an agile environment and risk management
in a traditional project. (Points : 20)

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