OPMA 407 FINAL EXAM QUESTIONS AND ANSWERS
100% VERIFIED
Characteristics of Projects - ANSWER Unique
One-time occurrence
Finite duration
Four parts of a technical proposal - ANSWER Technical Approach
Implementation Plan
Plan for Logistic Support and Administration
Past Experience
Project Selection Criteria - ANSWER Realism
Capability
Flexibility
Ease of Use
Cost
Easy Computerization
How does the discounted cash flow method answer some of the criticisms of the
payback period and average rate of return methods? - ANSWER 1) A payback-type
model ignores cash flows beyond the payback period. Discounted cash flow method
, does not ignore cash flows beyond the payback period.
2) The payback-type model and rate of return model do not include discounting, ignores
the timing of the cash flows and time-value of money. The discounted cash flow method
is a model that includes discounting and does not ignore the timing of the cash flows
and the time-value of money.
Project Charter Elements - ANSWER Purpose
Objectives
Overview
Schedules
Resources
Stakeholders
Personnel
Risk Management Plans
Evaluation Methods
What should be accomplished at the initial coordination meeting? - ANSWER 1) Establish
the technical scope for the project.
2) Participants accept responsibility for specific areas of performance.
3) Establish tentative, high-level schedules and budgets.
4) Create a risk management group for the project.
Describe the approach of agile project management and how it differs from the normal
100% VERIFIED
Characteristics of Projects - ANSWER Unique
One-time occurrence
Finite duration
Four parts of a technical proposal - ANSWER Technical Approach
Implementation Plan
Plan for Logistic Support and Administration
Past Experience
Project Selection Criteria - ANSWER Realism
Capability
Flexibility
Ease of Use
Cost
Easy Computerization
How does the discounted cash flow method answer some of the criticisms of the
payback period and average rate of return methods? - ANSWER 1) A payback-type
model ignores cash flows beyond the payback period. Discounted cash flow method
, does not ignore cash flows beyond the payback period.
2) The payback-type model and rate of return model do not include discounting, ignores
the timing of the cash flows and time-value of money. The discounted cash flow method
is a model that includes discounting and does not ignore the timing of the cash flows
and the time-value of money.
Project Charter Elements - ANSWER Purpose
Objectives
Overview
Schedules
Resources
Stakeholders
Personnel
Risk Management Plans
Evaluation Methods
What should be accomplished at the initial coordination meeting? - ANSWER 1) Establish
the technical scope for the project.
2) Participants accept responsibility for specific areas of performance.
3) Establish tentative, high-level schedules and budgets.
4) Create a risk management group for the project.
Describe the approach of agile project management and how it differs from the normal
