MGMT 404 Week 7 Quiz

1. Question: In which of the following tools would a normal or bell-shaped curve be expected if no special conditions are occurring? 2. Question: 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? 3. Question: Fixed price contracts provide low risk for the seller, since the buyer will pay a fixed price, regardless of how much the project actually costs the seller. 4. Question: Traditional project procurement was characterized by win / lose adversarial relations between owner and contractor, whereas contemporary project partnering fosters a relationship of trust and collaboration. 5. Question: Outputs of Plan Procurement Management include the procurement management plan and procurement statement of work. 6. Question: All of these are factors that could lead to a decision to buy or outsource rather than make or perform in-house, EXCEPT: 7. Question: 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. 8. Question: This is the process of reviewing all change proposals, estimating their impact on project goals wherever appropriate, approving or declining changes, and managing changes to deliverables, schedules, budgets and the project management plan: 9. Question: With respect to performance reporting, which of these are the actual and raw observations and measurements gathered during execution of project activities? 10. Question: Monitoring and controlling project work refers to the processes of tracking, reviewing and reporting progress to meet the performance objectives defined in the project plan.