project management quiz 1

Reveal Solution Discussion. A group of projects managed in a coordinated way to obtain benefits and control not available from managing them individually. 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. 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. Defining activities results in an enormous amount of information and details that need to be captured and organized to effectively create a project schedule; this task is accomplished through a ________. It is also important to note whether one work activity cannot be started until a previous activity has been completed in this type of detail; if so, that will create ________ requirements. $0 $19.99. 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. Compute the total activity costs that would be assigned to University and Memorial. Your project has expected cash inflows of $7.8 million in today's dollars. 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. Take ownership and handle . Analyzing strengths, weaknesses, opportunities and threats. are hard requirements of the work package activity and cannot be reversed. Multinational Manufacturing Company. Explain. can reveal details of project plans; work activities; cost and schedule outcomes; procurements activities; and use of human resources, equipment, and facilities. AT&T, Verizon, and T-Mobile. What is the most significant characteristic or attribute of an effective project manager? 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. Selected intern's day-to-day responsibilities include: 1. Worley gathered the data below for two of the many hospitals that it serves-University and Memorial (both hospitals purchased a total quantity of medical supplies that had cost Worley $30,000 to buy from its manufacturers):$ Separated by machine types. Select all that apply. \text{Other organization-sustaining costs (None)} & \text{602.000}\\ The customer in this scenario would ask a specific organization to give price and availability of the product or service, including the modifications; this is called a ____. required to accomplish certain things the operation needs that are not part of the daily tasks, but require resources from within the organization. Activities can be used only once within a diagram. PMP Practice Test: Project Management Professional 2021. Collaborate with other teams at the organization. The new requirements imposed by management, government or some external influence. This value helps an organization better understand what the present value of future money looks like to give more refinement in the project selection process. Master's degreeWind Power Project management (1-year) 2021-2022. The person responsible for working with the project sponsor, the project team and other people involved in a project to meet project goals. 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. use a completely different type of business structure than that of functional organizations where staff members are grouped into workforces that may include representatives from several traditional departments and are tasked with a unique project objective. _____ also can have a start but not necessarily an end. \text{Number of manual orders} & \text{0} & \text{30}\\ ONES TestCase. Initiating, planning, monitoring and controlling and closing. The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. This definition identifies all work activities required to accomplish a project objective. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Which project management responsibility does this represent? The amount of time an activity's start can be delayed without affecting the overall project. Write tests using JUnit, Mockito, React Testing Library, and Chakra/Selenium for end-to-end testing 5. A Non-parametric Test should be used if just one distribution is not Normal out of the two or more gathered. Reviews (called "Gating") during project implementation assess current performance and priorities and decide to continue, halt, hold, or revise the project. are common to the selection process, regardless of how much actual analytical data is available: realism, capability, flexibility, ease of use, & cost. Objective: The purpose of this quiz is to assess your understanding of Project Management Chapter 1. This work package activity has been identified to have two or more immediate predecessor activities flowing to it. Developing a plan to manage the _____ also includes developing processes that control and validate information used in developing the project schedule. Property taxes on a company's factory building would be classified as a(n): $0 $29.99. requires gathering and organizing information work activity in the management of resources to complete project activities. PSPO1 Practice Tests Scrum Product Owner certification-160Q. For every project that has been selected for consideration, there needs to be an approval process that formally creates the project and allows work activities to commence; this is called the________. transferable. The calculation for ______ is SLK = LS ES, and for finish is SLK = LF EF. Differentiating characteristics of projects from routine, repetitive daily work are below: Define a project. Depending on the information and communication structure of a project, some change requests may be informally introduced; because they are not controlled, they result in extra work activity that may or may not be approved. C. A project manager, project team, stakeholders D. Contract and SLA. \end{matrix} Higher quality and increased reliability 6. 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. Compute the activity rate for each activity cost pool. In-house technology 2. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 Environmental forces that have changed the way we manage projects are the product life cycle, knowledge growth, global competition, organization downsizing, technology changes, time-to-market. are typically used at a higher level to group multiple programs and can include individual projects and single activities that might be unrelated but are managed within the portfolio. Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. -Consists of the formal, disciplined, purely logical parts of the process. 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. _____ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. B) opportunity cost Farming equipment - tractors, mowing, tree harvesting machines. This task can be accomplished using a _________. descriptive; grading that is used when little or no actual numerical values have been gathered on project details and decisions have to be made based on more subjective general descriptions. Actual numerical data such as size, quantities, temperatures, and financial data can be used more accurately to objectively assess projects for selection. Project Management The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. 2. Acquisition B. completion of all courses required for a business major is an example of what? If the same type of activity is performed multiple times within a project life cycle, it is best to label each one uniquely so they can be identified within the network diagram. 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. -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. Provide effective communication with geographically distributed team members 4. Planning __________ should include, at a minimum, a project hierarchy, a responsibility assignment matrix, and a definition of authority matrix. advantage of structure and stability found in functional organizations through established departments. But the SQL data does not show. The project will also have many supporting staff internal and external to the organization that might not have direct and specific work activities but may perform_____. In the ____ phase, the project team perform and complete work activities. In this post you will get Quiz Answer Of Fundamentals of Project Planning and Management Fundamentals of Project Planning and Management Offered By "University of Virginia" Enroll Now Use "Ctrl+F" To Find Any Questions Answer. In any case, __________ should include, at a minimum, the following: Project management tools used to break down and organize work activities Key people to interview for information Ways to accurately and effectively document information gathered Units of measure used to document the project (that is, hours, weeks, months) Scheduling estimating techniques Scheduling methodologies Tools used to monitor and measure project performance Reporting formats and protocols. Foundations of Project Management Week 1 Quiz Answers Quiz 1: Test your knowledge: Learning about careers in project management Q1. Questions and Answers. The network diagram typically flows starting at the left and moving toward the right. How accurate and complete is the information? Compute Worley's customer margin for University and Memorial. the identifying label on the network documenting information about a work package activity. 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. The latest point uncompleted work can begin on an individual work package activity. Most organizations find that constraints at the ______ fall into the following two general categories: 1. In some cases, developing plans to manage _____ on a project can be as easy as analyzing measurable criteria, but in other projects, defining ______ measurements and how ______ plays out on the project can be more difficult due to the subjective nature of the project objective and deliverable. Authority to utilize the organization's financial resources is typically dictated by the organization's executive management and/or the accounting department. Planning and organizing Question 3) As a project manager on a product team, your stakeholders ask you to help the marketing team come up with a strategy to attract customers. \end{array} Process or product improvements for the organization. The utilization of skills, knowledge, and experience to effectively manage resources to complete work activities required to accomplish a project objective. Any material that needs to be purchased for this activity. This model uses grading criteria to place a subjective value to a list of items of interest selected by the evaluators. Some of the questions include: Are the tasks complicated? program. Because risk contingencies can mean the allocation of financial resources for the purchase of items, a new direction for a work activity, or the possible rescheduling of human resources, authorization for these types of actions should be issued only to individuals who have had a detailed briefing from the project manager on specific risk events and corresponding contingency plans. The latest point uncompleted work can finish on an individual work package activity. Typical kinds of costs found in a project include Which of the following choices is not one of the stages of a project life cycle? Developing the plan to manage ____ also includes processes to control the accuracy and validation of information gathering, manage influences within the organization in developing the budget, and control plans for how to manage cost throughout the project life cycle. The following is an excerpt of the "approach . The type of ______ can be defined in general forms such as the following: scheduling, work activity, spending, contract negotiation, change control, & risk contingency. Project Management Test About the test: The project management test assesses a candidate's ability to plan projects from conception to implementation, map timelines, assess risks, allocate budgets, execute the project life-cycle in a phase-wise manner, manage stakeholders, debug issues and deliver a product or service. across the organizational DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home \text{Manual order processing (Number of manual orders)} & \text{248.000} & \text{4.000 orders}\\ Any primary risks that could have a significant impact on the project budget or schedule. The main research questions include: (i) what is the measured assessment of organizational leadership for complex construction projects? <p>Dear All, </p> <p>I created a test project to test adding columns in a DataListView, not ListView. ___ have a defined start and end. Other organizations may choose to group projects by product or service type where the organization may offer a small number of products or services and have a larger customer base. What does this mean? Link to Project Management MCQs (PDF) is given below. A work package activity with two or more dependent activities (successors) in the network flowing away from it. Within some organizations, internal departments have the resources to produce unique deliverables that can be used or will be required by other departments within the organization; these are called _____. Project Cost Management Principles Quiz With Questions And Answers! Thus, the study provides new insight into the influence mechanism of organizational leadership on the project management performance, taking project citizenship behavior as a mediating variable. A person who deals with the day to day details of meeting specific goals. 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. Dynamic and Self-Motivated Project Manager (Prince 2 and ITIL Certified), Test Manager, Defect Manager, Change Manager, Environment Co-Ordinator with proven track record of leading and managing End to End delivery phases of projects, right from project kick-off, solution requirements analysis, design, test planning, execution, reporting, deployment and Operations support for large complex . 100% Off Coupons; A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. The primary tool used in graphically illustrating a PDM network of project activities is the _______. is an activity that has to be completed before the next logical activity in the network can be started. New dependencies can arise. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project ONES TestCase bug ONES Project ONES . A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. What is included in the triple constraint of project management? The discount rate that results in an NPV of zero for a project. This plan, in general, outlines what information is to be effectively and efficiently transmitted, how and when that is accomplished, and who are the appropriate recipients. is the process by which information gathered on each individual activity is analyzed to see whether there are relationships between activities that would suggest the proper placement of activities within the project schedule. Below is a project management exam test for students! If you choose to learn more about project management, look no further than this quiz. _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. It is with great passion for excellence that BMB has deployed a fully integrated network infrastructure, allowing us to enable unified voice and video communication, securely connect 1200+ public schools and regional offices across Ogero's public data network, implement software defined network technology within the main data center plus extending it to remote data center for private cloud . Build your test-day confidence and prepare to obtain the Security Industry Cybersecurity Certification (SICC) with the new SICC Review Course!. communication. $$ \text{Activity Cost Pool (Activity Measure)} & \text{Total Cost} & \text{Total Activity}\\ This includes all functionality, characteristics, performance specifications, documentation, and expected quality targets. The process of determining whether an organization requires a formal project management process is usually accompanied by a set of questions. In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the ____. Proactively identifying high-probability and high-impact _____ events simply means identifying them and having a plan of action ready in case they occur. 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 Profit centers establishes one or more activities that need to be completed before the next activities connected in the network can begin. Escalate . <br><br> . The main traits of a project: A. Try our quick project management quiz to test your knowledge! Project managers should adopt whatever tools, techniques, and methodologies that a specific company prefersthis keeps senior management happy. ______ defining a ______ is specific in nature and usually results from information derived from customer specifications, statement of work (SOW), industry standards, or government regulatory requirements. ? 1. 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. Any project work activities that have to be completed before this activity can begin. a method for software development that uses new approaches, focusing on close collaboration between programming teams and business experts. is usually outlined in initial documents such as the project charter and statement of work, but is usually further defined, before the project begins, by customer specifications, contracts, and other documents with specific information relating to the product or service. Books You don't have any books yet. Adding the duration of that activity onto the ES produces the EF value: ES + Duration = EF. Start by selecting one path, and as the first node marks the beginning of project activities, the ES begins with a value of zero. product or service, produced or provided as part of a project. Ex. A method of calculating the expected net monetary gain or loss from a project by discounting all future cash inflows and outflows to the present point in time. Costs that organizations have discretion in deciding whether to fund them. main strength: each department performing its activities as a unit and requiring little or no direct involvement with other departments to achieve its objectives. This work package activity has been identified to have two or more immediate successor activities flowing away from it. School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) A) product cost A sequence of work package activities connected to form a flow of work activities based on dependent relationships. _______ can reveal performance of not only employees but also external subcontractors who were used; this information can be valuable in defining the requirements of subcontractors for a new project. ________ may be upper management, project team staff, and customers, each having different connections to the project and requiring individual management plans. Identify the five steps involved in the managerial decision-making process. Quiz is loading Quality Management for Business Excellence Lead Quality Management in the Organization to Transform the Organization get this COURSE Mastering the Seven Basic Quality Improvement Tools * 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. Better control of financial, physical and human resources 2. We apologise for any inconvenience this may cause. Activities that cannot be started because they are dependent on prior activities connected in the network being completed. Greetings!! Maybe. This is all required specifications defining a deliverable. The following example shows how the ______ process is conducted. Type of business and market position Senior management experience, personality, and management style Hierarchical command structure Maturity in customer and supplier relationships High-level investment strategies and risk tolerance Senior management's perception of lower-level workforces Organizational approach to customer service General working conditions and environment within the organization. A succession of single work package activities connected in one single line with equal predecessor and successor relationships. 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. Resources can be underestimated. A ______ is a temporary endeavor undertaken to create a unique product, service or result. Depending on how organizations utilize projects within daily operations, organizations are structured using one of three basic structures. \text{Electronic order processing (Number of electronic orders)} & \text{200.000} & \text{12.500 orders}\\ Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. 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. Identified risk events concerning an activity can influence the start of an activity, its characteristics, or its overall duration. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective.
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