BADM 634 / BADM634- Initiating the Project (BADM-634-A01) - Week 8 FINAL TEST

BADM 634 / BADM634- Initiating the Project (BADM-634-A01) - Week 8 FINAL TEST • Question 1 1 out of 1 points All of the following items are generally considered when selecting the right type of contract EXCEPT: Selected d. Answer: project organization’s accounting system Answers: a. urgency of requirements b. overall degree of cost and schedule risk c. extent of price competition d. • Question 2 project organization’s accounting system 1 out of 1 points Which of the following organizational structures runs contrary to the unity of command principle - that each employee works for a single supervisor? Selected Answer: d. matrix organization Answers: a. siloed organization b. projectized organization c. functional organization d. matrix organization • Question 3 1 out of 1 points During schedule and cost control, when comparing performance to the schedule and cost baselines, if schedule or budget has changed these changes should be: Selected Answer: c. formally recommended and managed through the integrated change control system Answers: a. implemented immediately and reported as variances from baseline in the next status report b. added to the original baselines, and baseline changes made to reflect the new status c. formally recommended and managed through the integrated change control system d. reviewed with the customer or sponsor to obtain approval for additional funding • Question 4 1 out of 1 points Portfolio management helps an organization achieve its strategic goals in all of the following ways EXCEPT: Selected Answer: b. managing ongoing projects Answers: a. providing needed resources b. managing ongoing projects c. prioritizing work to be done d. selecting the right projects • Question 5 1 out of 1 points During which stage of team development do team members attempt to jockey for power, ask many questions and establish dubious goals? Selected Answer: c. storming Answers: a. forming b. norming c. storming d. performing • Question 6 1 out of 1 points 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. Selected Answer: c. Burndown chart Answers: a. Progress report b. Run chart c. Burndown chart d. Control chart • Question 7 1 out of 1 points Which estimating technique uses a statistical relationship to calculate cost or duration based on historical data and other project parameters? Selected Answer: b. parametric estimating Answers: a. analogous estimating b. parametric estimating c. grass roots estimating d. empirical estimating • Question 8 1 out of 1 points All of the following statements accurately describe special cause variation EXCEPT: Selected Answer: a. It is inherent in the system and is predictable. Answers: a. It is inherent in the system and is predictable. b. It is a statistically unlikely event. • Question 9 c. It requires specific interventions that include finding the root causes and making changes. d. It is identified by points outside the control limits or by unusual patterns within the limits. 1 out of 1 points From an agile project management perspective, which of these constraints are considered to be fixed? Selected Answer: a. Resources and schedule Answers: a. Resources and schedule b. Customer satisfaction c. Scope and time d. Quality and value • Question 10 1 out of 1 points Figure 7-4 Lab Experiment Project Consider the Lab Experiment Project depicted in Figure 7-4. Based on the information provided, what is the expected duration of this project? Selected Answer: a. 24 days Answers: a. 24 days b. 26 days c. 28 days d. 22 days • Question 11 Projects often require tradeoffs among all of the following EXCEPT: 1 out of 1 points Selected Answer: b. program s Answers: a. schedule b. program s c. cost d. scope • Question 12 1 out of 1 points Critical Chain method was developed to address several problems that are common in organizations that use traditional project scheduling. Which of the following describes a common problem addressed by the critical chain method? Selected Answer: c. Many team members tend to use all of the time available for an activity rather than completing it early. Answers: a. Many team members work solely on a single task until it is complete - impeding work on other related activities. b. Many team members work best when multi-tasking c. Many team members tend to use all of the time available for an activity rather than completing it early. d. Many team members render overly optimistic estimates of the time it will take them to complete project activities. • Question 13 1 out of 1 points Project planning teams use project life cycle models because various types of projects have differing demands. Which of the following sequences of stages is most appropriate for a life cycle model for construction projects? Selected Answer: a. pre-planning - design - procurement - construction - start up Answers: a. pre-planning - design - procurement - construction - start up b. concept - requirements - design - code - test - turnover c. • Question 14 define - measure - analyze - improve - control d. concept definition - demonstration - development - production 1 out of 1 points All of the following are among ground rules that have proven widely useful to project teams EXCEPT: Selected Answer: d. avoid conflict at all costs Answers: a. always consider at least two alternative approaches before proceeding b. develop trust by doing work as promised and being truthful c. use data when possible and gather facts rather than arguing over opinions d. avoid conflict at all costs • Question 15 1 out of 1 points Project stakeholders can be prioritized based upon their level of power, legitimacy and urgency plus a number of additional criteria that might include: Selected Answer: c. impact Answers: a. personality b. tenure c. impact d. fame • Question 16 1 out of 1 points Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT: Selected Answer: d. prototyping Answers: a. financial condition analysis • Question 17 b. facility visits c. supplier surveys d. prototyping 1 out of 1 points Which of these represents a typical problem that can make it difficult to estimate activity durations accurately? Selected Answer: b. merging - multiple predecessors Answers: a. carefully authorizing the start of non-critical activities b. merging - multiple predecessors c. reducing sources of uncertainty in the estimate d. checklists and templates • Question 18 1 out of 1 points All of these describe contemporary methods of risk prioritization in project management EXCEPT: Selected Answer: d. Results of quantitative risk analysis are used for clarification purposes and are typically not documented in the risk register. Answers: a. Risk prioritization is generally based on the probability of occurrence and severity of impact of each identified risk. b. Some organizations place a higher priority on risks that are likely to happen soon. c. Some organizations call attention to the risks that are difficult to detect. d. Results of quantitative risk analysis are used for clarification purposes and are typically not documented in the risk register. • Question 19 1 out of 1 points This term is defined as the total number of work periods (not including holidays or other non- work periods) required to complete a schedule activity, usually expressed as workdays or workweeks: Selected Answer: b. duration Answers: a. effort b. duration c. resource days d. elapsed time • Question 20 1 out of 1 points The Work Breakdown Structure (WBS) is a framework that will be used as a basis for further planning activities including all the following EXCEPT: Selected Answer: a. identifying key stakeholders Answers: a. identifying key stakeholders b. developing the project cost estimate c. developing the project schedule d. identifying project risks • Question 21 1 out of 1 points Subject matter experts often perform specific project activities when necessary. Which of the following statements regarding subject matter experts is accurate? Selected Answer: b. The subject matter experts may not relate strongly to a project due to the temporary nature of their involvement. Answers: a. Subject matter experts are brought in for meetings and for performing specific project activities when necessary. • Question 22 b. The subject matter experts may not relate strongly to a project due to the temporary nature of their involvement. c. The subject matter experts are typically assigned to the project from start to finish. d. The number of subject matter experts is generally limited to fewer than the number of core team members. 1 out of 1 points Work to be performed can come from the work package level of the work breakdown structure as well as other sources. Which of these is NOT a source of authorized work to be performed? Selected Answer: b. Scope creep Answers: a. Preventive actions b. Scope creep c. Defect repairs d. Corrective actions • Question 23 1 out of 1 points All of the following statements accurately describe supply chain management EXCEPT: Selected Answer: d. It is a closed-loop system solely within the project organization’s boundaries. Answers: a. It spans across suppliers and producers, resellers, project organizations and consumers. b. It addresses the flow of material, service, monetary and information across supply chain partners. c. It is a system's approach to managing the entire flow of physical products. d. It is a closed-loop system solely within the project organization’s boundaries. • Question 24 1 out of 1 points Which estimating technique decomposes the work into lower, more detailed pieces, preferably the lowest level of WBS work elements, for which estimates are prepared and then aggregates them into a total quantity for the project? Selected Answer: b. bottom-up estimating Answers: a. piece meal pricing b. bottom-up estimating c. decomposition estimating d. grass roots estimating • Question 25 In an adaptive or change - driven project life cycle: 1 out of 1 points Selected Answer: d. early results lead into planning later work. Answers: a. the product is well understood. b. all planning precedes all executing. c. the waterfall approach is commonly used. d. early results lead into planning later work. • Question 26 1 out of 1 points Typically, a steering team or leadership team is responsible for all of the following project related roles EXCEPT: Selected Answer: b. standardizing project-related governance processes to facilitate sharing of methodologies, tools & techniques Answers: a. selecting, prioritizing and resourcing projects • Question 27 b. standardizing project-related governance processes to facilitate sharing of methodologies, tools & techniques c. ensuring accurate progress is reported and adjustments made d. evaluating projects and portfolios midstream to ensure they produce expected results Figure 7-6 Network Scheduling Data 1 out of 1 points Consider the network scheduling data provided in Figure 7-6. Which activities constitute the critical path for this project network? Selected Answer: d. A-B-E-G-I Answers: a. A-B-E-H-I b. A-C-E-H-I c. A-D-F-I d. A-B-E-G-I • Question 28 1 out of 1 points Which of the following statements best describes the contemporary use of financial models and scoring models for project selection? Selected Answer: a. These methods are often used together to ensure financial and non-financial factors are both considered. Answers: a. These methods are often used together to ensure financial and non-financial factors are both considered. b. Financial methods are preferred because they ensure alignment with the organization’s strategic goals. c. Scoring models are unreliable because they fail to consider financial factors. d. One of these techniques is typically used to the exclusion of the other, due to time demands. • Question 29 1 out of 1 points Which of the following activities illustrates a risk response strategy designed to mitigate a threat? Selected Answer: d. train a team member to cover for a potentially unavailable key resource Answers: a. adopt a fixed price type contract b. change the project plan or scope c. develop change control procedures d. train a team member to cover for a potentially unavailable key resource • Question 30 1 out of 1 points Figure 7-4 Lab Experiment Project Consider the Lab Experiment Project depicted in Figure 7-4. Based on the information provided, identify the critical path(s) for this project? Selected Answer: d. Both A-B-D-F and A-B-E-F are critical paths Answers: a. A-C-F only b. A-B-D-F only c. A-B-E-F only d. Both A-B-D-F and A-B-E-F are critical paths • Question 31 1 out of 1 points 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? Selected Answer: d. Estimate activity durations Answers: a. Develop schedule b. Define activities c. Sequence activities d. Estimate activity durations • Question 32 1 out of 1 points Portfolios deal with all of an organization’s projects, while programs deal with: Selected Answer: d. a specific group of related projects, subprograms, and program activities Answers: a. ongoing operations b. tradeoffs between schedule, scope and quality c. resource availability d. a specific group of related projects, subprograms, and program activities • Question 33 1 out of 1 points The stakeholder register information can be used to evaluate the interests of different stakeholder groups by performing a analysis to identify where there may be common areas of interest between the groups. Selected Answer: c. WIIFT (what's-in-it-for-them) Answers: a. ITSFWI (if-the-shoe-fits-wear-it) b. PDCA (plan-do-check-act) c. WIIFT (what's-in-it-for-them) d. MBWA (management-by-wandering-around) • Question 34 1 out of 1 points Which of the following charter elements defines the project purpose and justifies the necessity of the project? Selected Answer: a. business case Answers: a. business case b. acceptance criteria c. scope control plan d. scope overview • Question 35 1 out of 1 points Which of the following is a disadvantage associated with managing projects in a projectized organization? Selected Answer: b. Team members assigned to a project are often underutilized and have idle time. Answers: a. Response times and decision making are slow. b. Team members assigned to a project are often underutilized and have idle time. • Question 36 c. Traditional department barriers are reduced. d. Team members have difficulty focusing on project issues. 1 out of 1 points Which of the following statements accurately describes a communications management plan? Selected Answer: d. a living document that considers stakeholders' information desires and guides the project communications. Answers: a. a formal document that defines how the project will be terminated and closed b. a formal document that describes how the project will be initiated and planned c. a formal document that focuses on how the project’s financial results will be tracked d. a living document that considers stakeholders' information desires and guides the project communications. • Question 37 1 out of 1 points Project managers can identify risks by learning and understanding the cause and effect relationships that bear on risk events. All of the following approaches rely upon an understanding of cause and effect relationships to identify risks EXCEPT: Selected Answer: a. perform a Monte Carlo analysis Answers: a. perform a Monte Carlo analysis b. understand trigger conditions, or circumstances under which a risk strategy or risk action will be invoked c. conduct a root cause analysis d. develop a flow chart that shows how people, materials or data flow from one person or location to another • Question 38 1 out of 1 points The work component at the lowest level of the WBS for which cost and duration can be estimated and managed is called the : Selected Answer: b. work package Answers: a. activity b. work package c. work element d. control account • Question 39 1 out of 1 points Joseph Juran provided guidance regarding how to control quality. Which of the following items is consistent with his quality control guidance? Selected Answer: d. establish measurement systems Answers: a. prove effects b. identify all team members and their needs c. expend necessary efforts to exceed requirements d. establish measurement systems • Question 40 1 out of 1 points Which of the following statements correctly describes a weakness associated with the financial project selection model? Selected Answer: d. Payback period models do not consider the profit to be realized after the costs are paid. Answers: a. The benefit-to-cost models favor projects which generate the smallest absolute return over a specified period. b. The Internal Rate of Return (IRR) method is difficult to use when a project has conventional cash flows. • Question 41 c. The Net Present Value (NPV) method does not consider the time value of money. d. Payback period models do not consider the profit to be realized after the costs are paid. 1 out of 1 points Which section of the project charter publicly acknowledges the commitment of the sponsor, managers and team members to the project?