OPMA 407 FINAL EXAM QUESTIONS AND ANSWERS 100% VERIFIED

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