Project Management Concepts and Approaches, Exams of Statistics

Download Project Management Concepts and Approaches and more Exams Statistics in PDF only on Docsity! SYSTEM INTEGRATION PROJECT FINAL EXAM Questions and Answers rated A+ Guaranteed Success Latest Update 2024 GRADED A+ Consider the System Integration Project depicted in Figure 7-3. Based on the information provided, how many days can you delay the purchase of software (Activity C), without impacting the expected project completion date? a. 2 days b. 4 days c. 1 day d. 0 days Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT: a. financial condition analysis b. facility visits c. supplier surveys d. prototyping Which of the following organizational structures is designed to achieve a balance of task focus and technical capability? a. matrix organization b. siloed organization c. projectized organization d. functional organization The procurement management plan: a. describes how the procurement division will be managed. b. describes how sellers will be audited by the procurement team. c. describes how a project team will acquire goods and services from outside the performing organization. d. describes how supply chain partners will be managed. Projects are considered successful for all of the reasons below EXCEPT: a. organizational learning takes place and is captured for future projects b. the performing organization reaps business-level benefits. c. members of the team learn new skills and/or refine existing skills d. the team has used heroics to meet project objectives Which of these charter elements should persuade decision makers to support the project and inspire team members and key stakeholders to work hard toward successful completion of the project? a. the project motto b. the team operating principles c. the business case d. the project vision statement A situation that requires a decision to be made, but one that the team that cannot make now, usually due to needing more information or time, is called a(n) _____: a. assumption b. constraint c. risk d. issue According to PMI’s “Code of Ethics and Professional Conduct”, project managers should exhibit all of the following behaviors EXCEPT: a. responsibility - take ownership for decisions b. authority - exert economic and political power c. fairness - make decisions and act impartially d. honesty - understand the truth and act in a truthful manner 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. arbitration b. partnering c. a contract unification plan d. conflict resolution A _________ is a written request or formal proposal to propose changes to any project planning component such as a document, project deliverable, or baseline (scope, cost, and time). a. scope statement b. change request c. request for proposal (RFP) d. project charter When estimating resource needs, project teams should consider all the following EXCEPT: a. the time required to communicate between activities. a. Activity C b. Activity E c. Activity F d. Activity A All of the following are among the classic risk response strategies EXCEPT: a. share a threat b. avoid a threat c. enhance an opportunity d. transfer a threat Change control is a process wherein change proposals to various project planning elements are: a. uniformly approved, documented and sent to the team for re-baselining and implementation. b. acknowledged, formally documented, and either approved or declined after review. c. documented and sent to the team, where the proposed changes will be voted on. d. uniformly denied, but documented for lessons learned. The _________is the approved budget, usually in a time distribution format, that is used to estimate, monitor, and control the overall cost performance of the project. a. control account b. cost baseline. c. management baseline. d. cost benchmark In an adaptive or change - driven project life cycle: a. all planning precedes all executing. b. the product is well understood. c. early results lead into planning later work. d. the waterfall approach is commonly used. It is argued that project teams progress through five stages of team development. Which of the following sequences best represents this progression? a. forming, storming, norming, performing, adjourning b. forming, norming, storming, performing, reforming c. forming, performing, reforming, norming, adjourning d. forming, storming, norming, performing, reforming Figure 7-3 System Integration Project Consider the System Integration Project depicted in Figure 7-3. Based on the information provided, what is the expected duration of this project? a. 30 days b. 16 days c. 15 days d. 17 days All of the following elements should be included in a project scope statement EXCEPT: a. project boundaries or exclusions b. constraints imposed on the project, and assumptions made during planning c. final and intermediate deliverables with acceptance criteria d. names of the project team members Which of the following activities illustrates a risk response strategy designed to mitigate a threat? a. train a team member to cover for a potentially unavailable key resource b. change the project plan or scope c. adopt a fixed price type contract d. develop change control procedures Which of the following styles of handling conflict is most appropriate whenever there is enough time, trust can be established, the issue is important to both sides and buy-in is needed? a. collaborating / problem solving b. compromising c. forcing / competing d. smoothing / accommodating Which of the following is NOT a typical source selection criterion that an organization would use to evaluate potential contractors? a. life cycle cost b. references c. personalities d. technical approach Figure 2-1 Project Selection and Prioritization Matrix Based on the information provided in Figure 2-1, which project has the highest probability of success? a. Project C b. Project D c. Project A d. Project B What type of cost is incurred when a project must be conducted faster than normal, and overtime for workers and / or extra charges for rapid delivery from suppliers are necessary? a. variable costs. b. expedited costs c. nonrecurring costs d. marginal costs All of the following describe an appropriate application of Plan Risk Responses in project management EXCEPT: a. Responses should be created for every identified project risk, regardless of the risk score. b. Risk response planning should address both opportunities and threats. c. The expectations of the sponsor and key stakeholders should influence the risk responses that are developed. d. Often multiple strategies are identified for a single risk. The method of dividing the project scope into many parts that, when combined, would constitute the project deliverable is called _____: a. rolling wave planning b. decomposition c. collect requirements d. requirements traceability Which of the following remedies may reduce the likelihood of omissions when developing activity duration estimates? a. Lessons learned b. Resource buffers c. Staggering project start dates d. Learning curve ________ between a client company and a contractor company should aim at a win-win solution, and the outcome must benefit both the parties involved. a. selections b. meetings c. negotiations d. conflicts Figure 7-2 Research Project Consider the Research Project depicted in Figure 7-2. Based on the information provided, what is the late start date for activity C - “Review Reports”? a. Day 2 a. The buyer and seller negotiate a settlement b. The seller needs change. c. The seller faces unexpected difficulties. d. The buyer faces changing priorities. When a project is completed on time, the project team must accomplish all of the following activities EXCEPT: a. use alternative dispute resolution b. plan a smooth transition of deliverables into ongoing operations c. secure customer feedback and approval d. capture and share lessons learned Some organizations rely upon a formal group authorized and responsible for reviewing, evaluating, approving, delaying, or rejecting any changes to any aspect of the project plan by following a formal communication method of documenting the decision process. This group is typically known as a: a. project evaluation committee. b. stakeholder review board. c. change control board. d. steering committee Which of the following statements accurately describes a communications management plan? a. a formal document that defines how the project will be terminated and closed b. a living document that considers stakeholders' information desires and guides the project communications. c. a formal document that focuses on how the project’s financial results will be tracked d. a formal document that describes how the project will be initiated and planned The process of improving the competencies, team member interaction, and overall team environment to enhance project performance is known as: a. Develop project team b. Manage project team interactions c. Connect project team d. Acquire project team Joseph Juran provided guidance regarding how to conduct quality planning, quality control, and quality improvement. Which of the following items is NOT part of Juran's Quality Trilogy? a. select and support improvement projects, select and implement solutions, and maintain control of improved processes. b. work to identify root causes, not just symptoms c. determine what to control, establish measurement systems, establish standards and compare performance to standards. d. identify all customers and their needs, develop requirements, and develop methods to satisfy those requirements. Any of the following attributes can serve as a useful factor for coding lessons learned EXCEPT: a. type of project b. stage in project life cycle c. issue it concerns d. lessons learned owner Figure 7-4 Lab Experiment Project Consider the Lab Experiment Project depicted in Figure 7-4. Based on the information provided, how many days can you delay the calibration of the instrumentation (Activity B), without impacting the expected project completion date? a. 1 day b. 0 days c. 2 days d. 4 days Project partnerships offer all of the following advantages to vendors EXCEPT : a. Clearly stated expected outcome b. Greater potential profit c. More dependable stream of work d. Buyer gains at the vendor’s expense A milestone is a typical measuring point used when establishing cost control. Which of the following does NOT accurately describes the use of cost control milestones? a. Project managers can use their cash flow projections to determine the funding needed to reach each milestone. b. Project managers and sponsors often decide the number of milestones jointly. c. Milestones are often identified in the project charter. d. Milestones are developed during risk planning. All of the following represent appropriate sources to identify new potential projects EXCEPT: a. industry and trade journals b. lessons learned from previous projects c. the operations staff within the organization d. existing and potential customers _______ is the PMBOK process that identifies those project needs that can be met by acquiring products and services from outside suppliers, determines what to purchase or acquire, and finalizes when and how to do so. a. Define supply chain. b. Plan procurement management. c. Schedule procurements. d. Negotiate contracts Despite the insights that PERT provides, there are still practical limitations that impact its usefulness. All of the following difficulties are associated with the use of PERT EXCEPT: a. It often requires more effort to generate three estimates than one. b. It does not accurately address the case when two activities both need to be accomplished before a third can begin. c. It highlights uncertainty in project duration d. There is no assurance that three estimates are any more accurate than one One useful method of process improvement involves consideration of how another organization performs a process, identifying and analyzing best practices for improvement ideas. This method is known as: a. voice of the customer b. benchmarking c. comparative improvement d. root cause analysis Which of these is NOT one of the items that can provide useful assistance to a project team to define the activities of a project? a. the major milestones from the Project Charter b. schedules from similar, previous projects c. templates or checklists for projects of the same type d. issue logs The project scope planning processes include all of the following EXCEPT: a. how the project scope will be defined b. how the work breakdown structure will be created c. how the requirements will be collected d. how the business case will be created Under normal conditions, which of these contract types poses the greatest risk to the buyer? a. Fixed-Price-Incentive-Firm (FPIF) b. Firm-Fixed-Price (FFP) c. Cost-Plus-Fixed-Fee (CPFF) d. Time and Material (T&M) During which of the following Project Schedule Management processes does the team estimate the number of work periods that will be required to complete a schedule activity, usually expressed as workdays or workweeks? a. Define activities b. Sequence activities c. Estimate activity durations d. Develop schedule This Agile project reporting tool is useful to Scrum Masters as it projects how close to plan the team is within a given time box, by providing a graphical representation of work effort remaining in an iteration versus the days left in an iteration. a. Progress report b. Burndown chart c. Run chart d. Control chart Responsibilities of the Chief Projects Officer (CPO) for each individual serving on a project team include all of the following EXCEPT: a. that they receive the training they need. b. that they capture lessons learned from completed projects. c. that they follow the detailed project plan that the CPO has created. d. that they use templates and standards when appropriate. All of the following items are among the key areas covered by the Malcolm Baldrige National Quality Award EXCEPT: a. Leadership b. Strategic planning c. Team Learning d. Customer focus Stakeholders include all of the following people EXCEPT: a. those who will not be impacted by the project b. those whose routines may be disrupted by the project c. those who provide people or resources for the project d. those who work on the project Many writers have stated that for strategic objectives to be effective, they should be: a. broad - to cover many dimensions of the business b. measurable - to track progress c. resource based - to focus on the inputs d. unachievable - to inspire maximum performance Within the project charter, the scope overview accomplishes all of the following EXCEPT: a. describes what needs to be accomplished - all the characteristics that must be present in the project deliverables. b. identifies the major schedule milestones for the project c. describes how the work will be done to meet the specified requirements. d. states what is and is not included in the project, at a fairly high level. Figure 7-6 Network Scheduling Data Consider the network scheduling data provided in Figure 7-6. Which activities constitute the critical path for this project network? a. A-B-E-G-I b. A-D-F-I c. A-B-E-H-I d. A-C-E-H-I Project managers often confront the challenge of reducing excessive time commitments and overloads among project resources. All of the following methods can be used to reduce work overloads EXCEPT: a. Reorder activities when logically feasible. b. Split an activity into two activities and delay the second part. c. Reassign certain activities to other workers. d. Require all project resources to work overtime Projects often require tradeoffs among all of the following EXCEPT: a. programs b. schedule c. cost d. scope Faced with significant schedule challenges, the project manager has an ethical responsibility to do all of the following EXCEPT: a. persuade all stakeholders that the schedule makes sense b. determine a schedule that is possible to achieve c. willingly accept end dates dictated by customers or sponsors d. deliver the project according to the agreed-upon schedule The cost management plan provides guidelines to the project manager and other stakeholders and serves all of the following purposes EXCEPT: a. It documents how the project statement of work and business case should be created. b. It provides feedback, thereby showing how the project’s success is linked to the business objectives for which it was undertaken. c. It shows how to develop and share relevant, accurate and timely information on cost that the project manager, sponsor and other stakeholders can use to make intelligent and ethical decisions. d. It helps all project stakeholders focus appropriately on schedule and cost performance. Figure 7-3 System Integration Project Consider the System Integration Project depicted in Figure 7-3. Based on the information provided, which activities constitute the critical path for this project? a. A-D-E-F b. A-C-E-F c. A-D-F d. A-B-E-F 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. stakeholder register b. trade shows c. supplier catalogs or websites d. sales personnel In the Plus-Delta method of evaluating project meetings, the "delta" column is used for team members to offer their opinion about one aspect of the meeting that ________. a. Was good and should be repeated b. Was an issue raised in the meeting should be followed up before the next meeting c. Involves the behavior of one of the team members d. Was poor and could be avoided (changed) in future meetings Which of the following types of contracts involves payment to the seller for the seller’s actual approved costs of completed work, plus a fee typically representing the seller’s profit? a. fixed-price contract b. direct cost contract c. cost-reimbursable contract d. equitable adjustment contract Which of the following is NOT a format that is typically used to represent a Work Breakdown Structure?