The CORRECT statement of project management answer choices The goals are closely related to broad strategic organization goals Provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives High-level plan providing guidances Master's degreeWind Power Project management (1-year) 2021-2022. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 The ______ analysis starts with a component, such as the final deliverable, and asks whether or not it can be broken up. _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. Your project has expected cash inflows of $1.2 million in year 1, $2.4 million in year 2, and $4.6 million in year 3. 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. 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. Below is a project management exam test for students! The primary tool used in graphically illustrating a PDM network of project activities is the _______. A. 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? the identifying label on the network documenting information about a work package activity. \end{array} ONES TestCase bug ONES Project ONES . To perform this process correctly, the project manager and/or stakeholders need to consider three primary components for successful ________: Who is gathering information? Compute Worley's customer margin for University and Memorial. The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Categories. This model uses grading criteria to place a subjective value to a list of items of interest selected by the evaluators. completion of a required course in project management is an example of what? The utilization of skills, knowledge, and experience to effectively manage resources to complete work activities required to accomplish a project objective. All successor activities (B, C, D) can start only when that burst activity (A) has been completed. Which cash flow technique was used to determine this? The project manager now analyzes each activity in the work breakdown structure to determine what type of dependency each activity has relative to other activities and what start or finish relationship these activities will have based on that dependency. The following is an excerpt of the "approach . A) product cost This is called ____. 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. Your project has expected cash inflows of $7.8 million in today's dollars. A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. requires gathering and organizing information work activity in the management of resources to complete project activities. Studylists What project management responsibility does this represent? communication. Property taxes on a company's factory building would be classified as a(n): Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz The bubble diagram evaluation is also a non-numerical way to grade or "classify" projects based on criteria but in a different graphical form. Siemens has four primary divisions. Why is the implementation of projects important to strategic planning and the project manager? 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. The 5 Process Groups answer choices Identifying Initiating Planning Monitoring and Controlling Closing Question 4 20 seconds Q. International professional society for project managers. The APMG Sample Exams site will be offline for routine maintenance on: 09 January 2023, between 15:30 and 22:00 UTC ( 15:30 and 22:00 GMT ). Coordinates customer and/or industry requests relative to acquisition solutions to assist with general inquiries, training, or other facilitated conversations. Question #63 Topic 1. a method for software development that uses new approaches, focusing on close collaboration between programming teams and business experts. \begin{matrix} 1. 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. Reveal Solution Discussion. ____ 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. Provides reports to management, as required. Leading warehousing project for 1 of the . PMP Practice Test: Project Management Professional 2021. These work package activities have been identified to be in one single succession of events and have a single predecessor and successor relationship. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project Write tests using JUnit, Mockito, React Testing Library, and Chakra/Selenium for end-to-end testing 5. If customers submit documents with specific definitions of product or service deliverables, they can be a great resource of very detailed information that can be used in requirements collection. 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 . Questions and Answers. Separated by machine types. 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 Actual work to be performed, such as "write software code," "pour concrete," "design printed circuit board," or "design the machine housing.". Farming equipment - tractors, mowing, tree harvesting machines. $0 $29.99. 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. A person who provides leadership and direction for the project managers heading the projects within the program. The new requirements imposed by management, government or some external influence. -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. Question #64 Topic 1. You should practice answering each question under 60 seconds. \begin{matrix} Ex. 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. What are the two dimensions of the Socio-cultural approach? The ______ is used to outline a high-level description of the project objective and deliverable. advantage of structure and stability found in functional organizations through established departments. The return available by investing the capital elsewhere. The perspective of product scope is to put in place boundaries that ensure all the customer expectations of the deliverable have been met as well as control the extent of work performed on the deliverable to protect the supplying organization from overdeveloping a product or service that was not intended. Expect a timed quiz after each chapter to assess your knowledge base and testing skills. Any material that needs to be purchased for this activity. 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. What does this mean? 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 Activities can be used only once within a diagram. +Hybrid working (3 days on site per week) +You will be put through SC clearance. Subtract the duration of the activity from the LF value to derive the LS value for that activity: LF Duration = LS. ___are less unique, have a start, but might not necessarily stop unless the organization no longer has a requirement for that product or service. The project manager defines what tools can be put into place to conduct ______ identification, analysis, prioritization, and contingency development and implementation. B) opportunity cost Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. A technique that uses branches radiating out from a core idea to structure thoughts and ideas. Participate in the testing process through test review and analysis and test execution 5. The discount rate that results in an NPV of zero for a project. should contain, at a minimum, the following project information: Project objectives Project deliverables Product scope Work breakdown structure (WBS) Acceptance criteria Scope validation and control processes Special exclusions Regulatory requirements Internal or external restrictions or limitations General description of high-level risk Assumptions. 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. Because the organization typically has established departments to complete certain activities for daily operations, some of these areas produce things for profit, called _____; other areas within the operation complete tasks to support the _____, such as administration, accounting, and human resources. Video Lessons (298) Quizzes ( 649 ) IT Project Management Tools View. Depending on how organizations utilize projects within daily operations, organizations are structured using one of three basic structures. Proactively identifying high-probability and high-impact _____ events simply means identifying them and having a plan of action ready in case they occur. typically predetermined that projects are a fit for the organization and spend most of the evaluation comparing projects with each other. Take ownership and handle . 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. 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. Human resources required to perform the activity. 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. Developing a plan to manage the _____ also includes developing processes that control and validate information used in developing the project schedule. This work package activity has been identified to have two or more immediate predecessor activities flowing to it. Learned and applied Project Libre, Gantt chat, flowcharts, Maps, and financial assessments for managing projects. B. Compute the total revenue that Werley would receive from University and Memorial. The goal of project portfolio management is to help maximize business value to ensure ______. Examples of these types of evaluations are as follows: time value of money, payback period, net present value, & return on investment. <br/>A total of 35.7% (2,409/6,751) of . Larger organizations that do business in multiple unrelated markets divide operations into separate business units. Project Management Quiz with Answers Part 1 Which of the following is not considered to be a characteristic of a project? Project A temporary endeavor undertaken to create a unique product, service or result. 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. In-house technology 2. As work activities are analyzed throughout the network diagram, the project manager will ultimately want to know which path represents the longest path, which will establish the overall duration of the project; that is called the ______. Design, implement and test complex software applications 2. 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. 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. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. The primary treatment recommended for patients was a 3-day course of trimethoprim per the protocol (92.6%) with a small number receiving cefalexin (2.6%) and nitrofurantoin (1.1%). Project Cost Management Principles Quiz With Questions And Answers! People involved in or affected by project activities. A pictorial chart of project activities arranged and connected in sequential order based on logical relationships and activity requirements. the ___ is responsible for the following tasks: Overseeing the completion of each task Assessing potential risks and engaging in control activities that keep costs and expenditures on budget and completion on schedule Managing resource schedules to complete specified activities, the ___ generally is responsible for Selecting projects and activities to support the program objective Managing project managers Overseeing scheduling of resources and cash flow required for all projects and activities within the program Ensuring ongoing commitments of the program are met. Work cannot begin on the successor activities until all work on the burst activity has been completed. \end{matrix} -Consists of the formal, disciplined, purely logical parts of the process. What is the impact of governance to managing an individual project? Select all that apply. Write clean and elegant code using React and Java 2. The minimum acceptable rate of return on an investment. A Non-parametric Test should be used if just one distribution is not Normal out of the two or more gathered. Actual numerical data such as size, quantities, temperatures, and financial data can be used more accurately to objectively assess projects for selection. B. Compute the activity rate for each activity cost pool. * Which of the following activities is not considered a project? What is included in the triple constraint of project management? 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. 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. The code is as follows. Multinational Manufacturing Company. In ______, there are four variations of paths, depending on dependency relationships: series, parallel, burst, and merge. * Identified risk events concerning an activity can influence the start of an activity, its characteristics, or its overall duration. These structures are called ___, ___, & ___. 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. 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. False. Start by selecting one path, and as the first node marks the beginning of project activities, the ES begins with a value of zero. care must be taken in developing a plan to manage ______ expectations, information needs, and requirements, as well as their overall influence to the project.
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