BUS 305 Project Management - Beginning the Project - Unit 1 - Challenge 2 with complete solution

BUS 305 Project Management - Beginning the Project - Unit 1 - Challenge 2 with complete solution Which of the following project scope components is Blake addressing when he asks what problems could occur that would negatively impact the housing project? • Governance • Objective • Risks • Business Case Which of the following is an example of an intangible benefit? • An increase in sales • An increase in customer satisfaction • A decrease in employee turnover • A decrease in employee time on task Which of the following is an example of an intangible benefit? • Everyone ordered a souvenir copy of the group portrait. • Everyone learned new party games to play from the grandkids. • Everyone enjoyed watching the great-grandchildren play together. • Everyone shared recipes for the dessert they contributed. Which of the following is an example of a tangible benefit? • Everyone reported feeling a deeper connection to the family. • The planning meetings gave the cousins time to catch up on family news. • Guests requested that a photo booth with props and costumes be added to the next reunion. • A reunion video was made available online for all the guests to see. Which of the following activities is part of gathering stakeholder expectations? • Focus only on one stated expectation of each stakeholder • Classify and categorize the information in order to come up with key expectations Re-interview the stakeholders whose expectations seem out of line with the project scope • Transcribe the interview data verbatim into the project scope Which of the following activities is part of gathering stakeholder expectations? • Resolve any conflict expectations between different groups of stakeholders • Develop a single set of interview questions to use for all stakeholders • Interview as many people as possible before identifying stakeholders • Focus more on quantitative methods than on qualitative to gather expectations Which of the following would be considered a project benefit expectation? • Family members expect to play games at the reunion. • Aunt Marlene expects regular updates from Jon and his siblings. • Jack expects that many family members will arrive late for the reunion. • Laura expects family members to feel more excited about future reunions. Which of the following would be considered a project outcome expectation? • David expects an update from Rachel at least once a week. • Eric expects that a few co-workers will arrive late for the charity event. • Kayla expects a caterer to provide food at the charity event. • Sarah expects board members to feel more enthusiastic about upcoming charity events. Which of the following would be considered a process expectation? • The friends from out of town expect to reconnect with each other at the birthday party. • Elizabeth expects a photographer to capture photos at the birthday party. • Heath expects weekly updates from Elizabeth. • Luke expects that there will be moderate traffic on the day of the birthday party. Mike was put in charge of planning the annual family reunion and made a list of project deliverables and project requirements that provide the memorabilia that everyone is expecting. Which of the following is a project deliverable? • Video of the reunion available to order • Music that is appropriate for all ages • Party location within walking distance of hotel • Lighting sufficient for the event to continue until 10 pm Consider the following goal: Peterson Software wants to acquire four new clients within three months to expand its business and increase its revenue. Select the phrase below that, if added, would make it a SMART goal. • "due to the request of the CEO" • "according to recent reports" • "by networking with local businesses" • "to grow its customer base" Consider the following goal: Horton Foods will replace all current plastic bags to support environmental improvement efforts at all 37 stores in Florida. Select the phrase below that, if added, would make it a SMART goal. • "to raise environmental awareness" • "according to policy changes" • "for our loyal customers" • "by the end of this year" Consider the following goal: In the next six months, Iowa school districts will reduce bullying incidents by providing techniques to identify and handle bullying. Select the phrase below that, if added, would make it a SMART goal. • "for school staff and students" • "based on state regulations" • "in 85% of schools within the state" • "to completely eliminate bullying incidents" Which of the following is considered a resource estimate? • Planning a training period for team members to learn how to use the new equipment • Designing new tip sheets • Selecting a person on staff with the skills to create effective flyers and posters • Paying a contractor who has an hourly wage of $32 The employees and management of the company producing the bags are currently at odds over labor issues. There is a 50:50 chance that the employees will strike and stop production work if their requests are not met. The strike would significantly delay production of the bags for Horton Foods, and the bags would not be delivered to stores in time for the program to begin. What is the probability of this risk occurring and what is the impact on the project? • High probability and low impact • Medium probability and high impact • Medium probability and low impact • Low probability and medium impact The company logo on the first batch of purses produced was upside-down. A representative from the bag production company said they are confident they can supply a new set of bags with a correctly placed logo and are working extra hours to meet the deadline. What is the probability of this risk occurring and what is the impact on the project? • High probability and medium impact • Medium probability and high impact • Medium probability and low impact • Low probability and high impact To obtain approval for the scope document, the project manager will do which of the following activities? • Review input from key stakeholders to determine if the scope needs additional changes • Request that the CEO provides a governance document for the project • Provide a finalized project schedule • Create a plan for how he will communicate with his team during the project What does a project manager do to obtain approval for the scope document? • Interview stakeholders to determine their assumptions for the next steps for the project • Request the authority to make changes from the project governance • Seek signatures from authorized stakeholders to move forward with project planning • Discuss the methodology he will use to manage the project Which of the following activities will occur during the scope approval process? • Create an estimated budget for the project with the project sponsor • Meet with the project sponsor and key decision makers • Draft the communication plan that establishes a communication process for the project • Obtain authorized signatures from all stakeholders, including key decision makers and project team members