D. Consume resources. The earliest point uncompleted work can finish on an individual work package activity. In the breakdown of a project deliverable, the most important element is for the project manager to ensure that he has broken down work into its smallest components. Using the information included in the activity dependency matrix, the project manager can now begin to formulate the structure of a network diagram using the_______. Project Management Quiz - 30 Questions with Answers Project Management Quiz Project Management Questions and Answers: Ques. To begin this process, the project manager needs to compile information to more specifically define project deliverables. strategic management process. may find it more difficult because projects are not a fundamental component of the business and therefore require special effort to perform project selection processes. Project management maturity of the organization 2. Record the end duration value for all immediate predecessor LF values. $$ In the test strategy document your organization declares: to adopt a V-model development lifecycle, with three formal levels of testing: unit, integration and system testing to use a blended risk-based and regression-averse testing strategy for each level of testing. Write clean and elegant code using React and Java 2. Studylists answer Project Management Question 3 20 seconds Q. This situation is called_______. \text{Customer deliveries (Number of deliveries)} & \text{\$ 500.000} & \text{5.000 deliveries}\\ The latest point uncompleted work can begin on an individual work package activity. Facilities & equipment 5. A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. 2. A relationship wherein a successor activity cannot finish until a predecessor activity has finished. (a) If you did not already do so, request a table of standardized residuals. Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. 5. (a) critical (b) preceding (c) succeeding (d) concurrent View Answer Ques. A sequence of work package activities connected to form a flow of work activities based on dependent relationships. The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. Stakeholders might not agree on what success looks like External risks can affect project success. Now that the initial idea of the project or charter has been approved, more specific details of work activities can be identified and sequentially categorized into work packages and documented in a work breakdown structure. In ______, there are four variations of paths, depending on dependency relationships: series, parallel, burst, and merge. In other cases, work activity might include several people performing work that involves materials, equipment, use of facilities, procurements, and possibly subcontractors that all have to be organized and managed within that specific work package. Higher quality and increased reliability 6. (Hint: Do not overlook the$30,000 cost of goods sold that Worley incurred serving each hospital.) The technical system and sociocultural dimensions of project management are two sides of the same coin because successful project managers are skillful in both areas. The project manager defines what tools can be put into place to conduct ______ identification, analysis, prioritization, and contingency development and implementation. Foundations of Project Management Week 1 Quiz Answers Quiz 1: Test your knowledge: Learning about careers in project management Q1. project. \text{Other organization-sustaining costs (None)} & \text{602.000}\\ \text{Number of deliveries} & \text{10} & \text{25}\\ Connections between activities use arrows to identify predecessor and successor relationships. Authority to utilize the organization's financial resources is typically dictated by the organization's executive management and/or the accounting department. $$. Maybe. Actual numerical data such as size, quantities, temperatures, and financial data can be used more accurately to objectively assess projects for selection. This task can be accomplished using a _________. The rate used in discounting future cash flows. What is NOT a major benefit of grouping projects into programs? This test is designed in a manner so as to offer a wide range of. _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. Improve customer relations 3. NodeThe connection point of activities based on dependent relationships with other activities. defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget. Project Management - Quiz 1 - Your test grade is 100% The professor has configured this test to allow students to: Show Questions Answered Project Management - Quiz 1 - Your test grade is 100% The. PMI-ACP: Agile Certified Project Management 200 Questions. -Consists of the formal, disciplined, purely logical parts of the process. Better control of financial, physical and human resources 2. ONES TestCase bug ONES Project ONES . Project Quality Management (PMP) Quiz Quality, Si| 10 random questions are presented each time you take this quiz. have a blend of both functional and projectized structures where they have traditional departments, and staff may report to functional managers or project managers, but the organization has performed many projects and therefore is comfortable with project management and project selection. Q7. Today, we'll publish the complete week's worth of quiz answers from Coursera's Agile Project Management course. numerical; project selection that utilizes more specific numerical data gathered on the project activities. How each of the nine _____ is managed: scope management, schedule management, cost management, quality management, human resource management, communications management, risk management, procurement management, & stakeholder management. This process is considered to be one of the most critical elements of a project because many aspects of the project are defined at this point. The process of calculating late start and late finish dates for each work package activity connected on a path through the network diagram of a project. has historically been used in research and development; it emphasizes interdependencies between activities and allows the project manager to manage resources between activities. Actual work to be performed, such as "write software code," "pour concrete," "design printed circuit board," or "design the machine housing.". Many organizations find duplicate or unneeded projects after they perform which step in project portfolio management? Why is this approach important in today's environment? The project manager and other management staff within the organization also can use information from the ____________ for other analyses, such as the following: Analysis of cash flow for the project Analysis of resource allocations Analysis of potential risk impacts on other activities and the ripple effect that risk can have throughout the project life cycle Recalculations of overall project duration and estimates at completion. Activities that cannot be started because they are dependent on prior activities connected in the network being completed. Please note that the five phases of a project (also called "The Project Life Cycle") are: (1) project initiation, (2) project planning, (3) project execution, (4) project monitoring, and (5) project closing. A person who provides leadership and direction for the project managers heading the projects within the program. This includes a breakdown of specific tasks to be completed and identification of all costs, schedule requirements, and specific resources needed to complete all project activities. Certification provided by PMI that requires documenting project experience, agreeing to follow the PMI code of ethics and passing a comprehensive exam. Questions and Answers. Project managers play a key . \textbf{Liabilities} & + & \textbf{Owner's Equity} & = & \textbf{Assets}\\ \hline Any equipment required and any special use of facility space. A) product cost The project manager's ambition is to get as much done as possible within a specific time frame with a limited budget. Collaborate with other teams at the organization. What project management responsibility does this represent? Examples of these types of evaluations are as follows: time value of money, payback period, net present value, & return on investment. Farming equipment - tractors, mowing, tree harvesting machines. To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. Microsoft AZ-104: Azure Administrator Exam Prep Test. This work package activity has been identified to have two or more immediate successor activities flowing away from it. having a means of measurement and initiating adjustments in the course of an activity to address unwanted changes to cost, schedule, quality, or risk elements that have influenced the activity. A. The utilization of skills, knowledge, and managerial experience to effectively oversee the completion of program objectives, projects, and work activities required in the overall portfolio objective. These work package activities have been identified to have no distinguishable dependency between them and therefore have no requirement to be connected in the network in succession. +60,000 - 70,000 p/a. A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals. Where does the information come from? It consists of 10 questions. This can also include milestones for periodic inspections or customer approval. Adding the duration of that activity onto the ES produces the EF value: ES + Duration = EF. Determine the amounts payable by the following customers. Sample Papers. ONES TestCase . a method for software development that uses new approaches, focusing on close collaboration between programming teams and business experts. Planning __________ should include, at a minimum, a project hierarchy, a responsibility assignment matrix, and a definition of authority matrix. ONES TestCase. Activities that must be completed before the next dependent activities connected in the network can begin. \text{Number of electronic orders} & \text{15} & \text{0}\\ Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 Depending on how organizations utilize projects within daily operations, organizations are structured using one of three basic structures. If the trinomial cannot be factored , so state. I press the small triangle of the right upper to edit a column. Browse through all study tools. Analyzing strengths, weaknesses, opportunities and threats. Process or product improvements for the organization. Currently the application is able to support a proper number of users assuring the required responsiveness. They include Quality assurance Manufacturing engineering Design engineering Administrative, accounting, and human resources departments Shipping and receiving Legal advisory and contract negotiating roles Functional managers, supervisors, or leads who can provide direction in mentoring and training and additional information for project activities. Question 8) Fill in the blank: A ______ has a clear outcome and a clearly-defined start and end date. Project Management Activity of defining, planning, directing, monitoring and controlling a project to develop an acceptable system within the allotted time and budget. The project manager learns there is a delay of a key shipment of parts. Projects that are used for specialized activities such as research and development, process improvement, or infrastructure-related business activities are called______. Select all that apply. Contingency Tables are used to test for association, or dependency, between two or more classifications. But the SQL data does not show. Authorization to perform work activity can fall within the tasks of any responsible person overseeing a work activity. Ongoing activity to create product, service or result. Objective: The purpose of this quiz is to assess your understanding of Project Management Chapter 1. ______ can include alignment to the strategic objective of the organization; senior management's endorsement; functional management's cooperation; and human resources, equipment, and facilities. Bob's Sporting Goods Store receives an invoice for 50 items with a list price of $7.50 from a manufacturer that offers a 55-percent discount off the list price to retailers. </p> <pre><code>using System; using System.Data; using System.Data.OleDb; using System.Windows.Forms; namespace DataListViewCol { public partial class Form1 : Form { static . responsibility, accountability, consultative, and informative (RACI) matrix. A temporary endeavor undertaken to create a unique product, service, or result, A group of related projects designed to accomplish a common goal over an extended period of time, A process of managing a group of ongoing, interdependent, related projects in a coordinated way to achieve strategic objectives. Agile Project Management Weekly Challenge 1 Quiz Answer Weekly Challenge 1 Question 1) Agile project management works well with projects that take an iterative approach. Human resources required to perform the activity. A relationship wherein a successor activity cannot finish until a predecessor activity has started. ____ is similar to program management except that it is at a higher level because ____ can include programs, individual projects, and activities performed within the organization. Learn and implement code using Spring Boot, Hibernate/Spring JPA, MySQL, PostgreSQL, and MongoDB 3. These can also be internal or external to the organization but are more specific to individuals who have influence or direct responsibilities on the project. The selection model should require a review of the organization's capabilities, level of technology, and general fit in the current business portfolios of projects. Activities can be used only once within a diagram. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. C) period cost Additional information that is required but not necessarily found in the ______ for an activity might include: Relationship to other activities, Constraints, & Identified risks. Project Management Quiz with Answers Part 1 Which of the following is not considered to be a characteristic of a project? +Chertsey Surrey. Depending on the complexity of the project, special financial analysis may be required for cash flow, multiyear net present value calculations, budget at completion analysis, specialized risk analysis, and payback or return on investment calculations. What is not a potential advantage of using good project management? You should practice answering each question under 60 seconds. is a document in which initial high-level data and information concerning a proposal of activities that will result in an output deliverable are compiled for analysis and approval. \begin{matrix} _______ can be in the form of specific documents, analyses results, financial information, critical market timing data if applicable, and effective communication requirements of critical information. The project pays for itself in 23 months. When you review a job listing, which section offers the most insight when deciding if the role is well-suited for you? True False Correct The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project Agile Project Management Quiz 1 Agile Project Management Practise Exam is the gateway to get yourself assessed with the fundamentals of Agile Project Management and Delivery Agile Project Management Quiz 2 Agile Project Management Practise Exam is the gateway to get yourself assessed with the fundamentals of Agile Project Management and Delivery is simply a reminder of what information will be gathered for each work activity so the project managers have all the information needed to properly define, sequence, schedule, and budget work activities. The person who provides the direction and the funding for the project. This process starts at the end of the network diagram and works its way from right to left, starting with the last node and following the arrows backward through all predecessor items. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective. is an activity that comes after and is dependent on a prior activity being completed. To keep track of your finances To help you keep track of each key stage of the project To speed up your work process To delegate all your tasks to others Further Resources: One Week Time Management Plan: Three Famous Techniques Project Initiation: Starting a Successful Project Weekly Challenge 1 Answers Question 1) What are two potential consequences of a project manager failing to properly initiate a project? Questions and Answers 1. New dependencies can arise. f(x)=\frac{11x}{x-5} The ______ does not represent The longest duration activities All activities critical to the project All activities with the highest cost Activities with the highest risk potential. The person responsible for working with the project sponsor, the project team and other people involved in a project to meet project goals. Number of projects in cue. Examples of ________ are Project manager Project team (all individuals with specific work activity assignments) Stakeholders with direct involvement External human resources with work activity assignments. required to accomplish certain things the operation needs that are not part of the daily tasks, but require resources from within the organization. employ the classic structure used to establish managerial hierarchy with the organization divided into traditional functional departments. Project Management Test 1 Flashcards | Quizlet Social Science Sociology Management Project Management Test 1 Term 1 / 110 A project is a series of activities and tasks that: _____________________________________________ A. Estimate of total cost to complete activity. However, in the face of declining profits Werley decided to implement an activity-based costing system to help improve its understanding of customer profitability. Management 4. The primary tool used in graphically illustrating a PDM network of project activities is the _______. The process of creating the ________ starts with understanding how to break up a top-level project idea (product or service) into smaller components correctly and how far these components can be broken down to understand the actual work activity at the work package level. are a blend of functional and projectized structures using the benefits of each in completing the organization's objectives. Support and maintenance C. Evolution D. Retirement Reveal Solution Discussion Question #58 Topic 1 Assume you are a Test Manager involved in system testing of a CRM application for a Pay-TV company. True. Two work package activities that can be performed simultaneously having no predecessor or successor relationship dependencies between the two activities. The conceptual phase marks the initial efforts taken at the beginning of a project. The process of determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends and projecting the need for new products and services. What does this mean? Resources can be underestimated. AT&T, Verizon, and T-Mobile. the identifying label on the network documenting information about a work package activity. test bank project management: achieving competitive advantage, 4e (pinto) chapter project selection and portfolio management project screening criterion that DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Courses You don't have any courses yet. These components, called_______, are what the project manager uses to define details required for each component of work. Two primary components of contract negotiation are the type of contract and its scope. are those areas of the organization that produce output such as a product or service that has an associated cost and will be sold at a higher value to create a profit for the organization. Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management, *Factor the trinomial. Project Management The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. 5x^{2} + 16x + 3 This document might have been created during the charter process, if a written customer specification was not available, as a narrative description of the product or services that will be produced by the project. Video Lessons (298) Quizzes ( 649 ) IT Project Management Tools View. Specialized staff called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects. A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. conceptual, planning, execution, and closure are the four places of what? Financial resources 6. Examples of more reliable _______ are as follows: Customer specification Project statement of work (SOW) Scope statement Subject matter experts (SME) Organization's database (archived projects and "lessons learned" documents) State and local regulatory documentation. A pictorial chart of project activities arranged and connected in sequential order based on logical relationships and activity requirements. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. \begin{array}{|c c c c c|} \hline __ is the earliest time an activity can begin (a) EFT (b) LST (c) LFT The _______ normally consists of an identifiable element of work that has to be completed and the expected time duration. completion of a required course in project management is an example of what? Differentiating characteristics of projects from routine, repetitive daily work are below: Define a project. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project Describe the purchasing behaviors that are likely to characterize Worley's least profitable customers. A brief description of activity to be performed. A Non-parametric Test should be used if just one distribution is not Normal out of the two or more gathered. Books You don't have any books yet. ___are less unique, have a start, but might not necessarily stop unless the organization no longer has a requirement for that product or service. can be established as a matter of discretion, deciding which activities should go before or after other activities. Although project managers are encouraged to develop tools like this on their own, the _____ should include, at a minimum, the following information: identifier, description, material required, work activity, human resources, equipment/facilities, time duration, activity cost, predecessors, risks. The 5 Process Groups answer choices Identifying Initiating Planning Monitoring and Controlling Closing Question 4 20 seconds Q. have a blend of both functional and projectized type structures where the organization may have traditional departments and employees reporting to functional managers, projects are still a large part of the organization's business, and employees spend portions of their time on projects and other parts of their time performing work activities for the functional department. B. Compute the total activity costs that would be assigned to University and Memorial. 4. _______ relies heavily on correctly identifying the relationships and dependencies of all activities included on the network diagram. Take this project cost management principles quiz today in order to test your knowledge and find out how well you know these basic concepts and theories. The minimum acceptable rate of return on an investment. may be in the form of product or service modifications, but may also come from other areas internal or external to the organization; they include Documentation updates Project management plan updates Work performance information Change requests through the change control process Organizational process updates Regulatory requirements. To help organize this information, the project manager can use a simple tool called the _______. Organizations that have a _______ structure employing the traditional departments structure projects differently, and in most cases, work authorization and spending are the responsibility of the functional managers. Strategic plans are implemented primarily through projectse.g., a new product, a new information system, a new plant for a new product. task. This process is called_________. A person who provides leadership and direction for the project managers heading the projects within the program. Project Management Question Bank PDF covers problem solving exam tests from project management textbook and practical book's chapters as: Chapter 1: Advance Project Management MCQs Chapter 2: Advance Project Strategic Management MCQs Chapter 3: Contemporary Organizations Design MCQs Chapter 4: Negotiation and Conflict Management MCQs The project manager has a combination of individuals with authority as well as the use of departments and functional managers carrying authority. _____ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. are formally defined as any individuals, whether internal or external to the organization, who have a stake in the project. <br><br> . one of many kinds of tangible by-product produced during the development of software. The network diagram typically flows starting at the left and moving toward the right. Select all that apply. Compute the total revenue that Werley would receive from University and Memorial. Explain. 3. The _________ is created as an output of the charter process; it contains other stakeholder information such as needs and requirements of information and communication, specific involvement with the project and management strategy of involvement, and details and management of stakeholder expectations. Strategic planning, Business area analysis, Project planning, Resource Allocation. 2. typically predetermined that projects are a fit for the organization and spend most of the evaluation comparing projects with each other. All the best! \text{Activity Cost Pool (Activity Measure)} & \text{Total Cost} & \text{Total Activity}\\ +Hybrid working (3 days on site per week) +You will be put through SC clearance. Expect a timed quiz after each chapter to assess your knowledge base and testing skills. A grouping of either related or nonrelated programs, projects, or individual work activities. Benefits minus cost, or income minus expenses. In the ____ phase, the project team perform and complete work activities. most of the evaluation is to determine the value the project will bring to the organization and whether the organization has the capability to perform project activities. Initiating, planning, monitoring and controlling and closing. one or more activities that cannot start until a prior activity connected in the network has been completed. Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. Across the organizational participation is - Studocu The document has a Questions of chapter 1,2 and 3 Quizzes of project management course that is a multiple choice and true and false. Design, implement and test complex software applications 2. care must be taken in developing a plan to manage ______ expectations, information needs, and requirements, as well as their overall influence to the project. across the organizational DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home 0% What is the purpose of identifying milestones?
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project management quiz 1