Spring 2021 - Initiating the Project (BADM-634-A01) - First Bi-Term - Week 8 - FINAL EXAM

Question 1 Figure 8-4 Project Crashing Information Consider the project crashing information presented in Figure 8-4. What is the total cost to complete this project in 7 days if crashed in the most cost efficient manner? 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: c. Answers: a. b. c. d. $ 220 $ 240 $ 270 $ 220 $ 180 Question 2 Selected Answer: c. Answers: a. b. c. d. 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? partnering a contract unification plan arbitration partnering conflict resolution Question 3 Selected Answer: d. Answers: a. b. c. d. DMAIC is a disciplined process that includes five phases: Define, Measure, Analyze, Improve and Control. DMAIC is most typically associated with which of the following quality improvement approaches? Six Sigma ISO 9001:2008 Malcolm Baldrige Total Quality Management (TQM) Six Sigma Question 4 High-performing teams include members who typically hold which of the following values? 1 out of 1 points 1 out of 1 points 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: d. Answers: a. b. c. d. a high need for achievement a strict adherence to their personal points of view a commitment to self-promotion a strong need for authority a high need for achievement Question 5 Selected Answer: d. Answers: a. b. c. d. Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT: prototyping financial condition analysis facility visits supplier surveys prototyping Question 6 Selected Answer: d. Answers: a. b. c. d. The final item to be recorded on the project meeting minutes is an evaluation of both good and poor points from the meeting. On agile projects, this evaluation is called the ____: retrospective plus-delta process lessons learned stakeholder analysis retrospective Question 7 Selected Answer: b. Answers: a. All of the following represent appropriate sources to identify new potential projects EXCEPT: lessons learned from previous projects industry and trade journals 1 out of 1 points 1 out of 1 points 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... b. c. d. lessons learned from previous projects existing and potential customers the operations staff within the organization Question 8 Selected Answer: a. Answers: a. b. c. d. Which of the following is a disadvantage associated with managing projects in a projectized organization? Team members assigned to a project are often underutilized and have idle time. Team members assigned to a project are often underutilized and have idle time. Response times and decision making are slow. Traditional department barriers are reduced. Team members have difficulty focusing on project issues. Question 9 Selected Answer: b. Answers: a. b. c. d. Reward power relies upon persuading others based upon giving them some form of reward. It is most appropriately used when: a team member performs well. others respect the project manager’s opinion and expertise. a team member performs well. working with project sponsors. a team member is not performing Question 10 Selected c. The milestone schedule in the project charter: 1 out of 1 points 1 out of 1 points 0 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Answer: Answers: a. b. c. d. is a summary-level schedule that shows how major project tasks are sequenced. is a detailed schedule that shows the planned duration for every activity in the project. is a schedule that provides detailed data for when each project activity should begin. is a summary-level schedule that shows how major project tasks are sequenced. is a high-level plan that indicates a few significant accomplishments anticipated over the life of the project. Question 11 Selected Answer: a. Answers: a. b. c. d. All of the following items contribute to developing empowered performance in an organization EXCEPT: accepting the fact that the project manager has total decision making authority accepting the fact that the project manager has total decision making authority setting an expectation for managers to encourage associates to treat risk events as learning opportunities helping develop specialists who can aid anyone in the organization training and equipping workers so that they’re willing to take risks Question 12 Selected Answer: c. 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? bottom-up estimating 1 out of 1 points 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Answers: a. b. c. d. piece meal pricing decomposition estimating bottom-up estimating grass roots estimating Question 13 Selected Answer: c. Answers: a. b. c. d. Which of the following responses most accurately depicts the correct sequence of activities in the strategic planning process? strategic analysis - guiding principles - strategic objectives - flowdown objectives guiding principles - strategic analysis - strategic objectives - flowdown objectives strategic objectives - strategic analysis - guiding principles - flowdown objectives strategic analysis - guiding principles - strategic objectives - flowdown objectives guiding principles - strategic objectives - flow-down objectives - strategic analysis Question 14 Project/Criteria & Weight: New Products 10 Customer Relations 6 Supplier Relations 7 Success Probability 5 Weighted Total Score 1 out of 1 points 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: c. Answers: a. b. c. d. Project A 5 3 3 3 Project B 3 4 5 4 Project C 3 4 3 2 Project D 2 2 5 3 Figure 2-1 Project Selection and Prioritization Matrix Based on the information provided in Figure 2-1, which project has the highest probability of success? Project B Project C Project D Project B Project A Question 15 Selected Answer: a. Answers: a. b. c. d. Which of the following quantitative risk analysis techniques is used to determine which risks have the most powerful impact on the project, with results displayed in the form of a tornado diagram? Sensitivity Analysis Sensitivity Analysis Failure Mode and Effects Analysis (FMEA) Simulation Techniques such as Monte Carlo Analysis Expected Monetary Value (EMV) Question 16 1 out of 1 points 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: d. Answers: a. b. c. d. 2.01 Airframe 2.02 Engines 2.03 Avionics 2.04 Communications 2.05 Tech. Manuals 2.06 Spares 2.07 Training Project Total WBS Element Planned Value (PV) Earned Value (EV) Actual Cost (AC) Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) Consider the project performance report presented in figure 14.1. Your analyst has determined that your estimate to complete (ETC) is $226,000. Based on your performance to date and assuming future performance will proceed at the same level of efficiency as past performance, what is your estimate at completion (EAC)? $550,000 It can not be determined from the information provided. $568,000 $542,000 $550,000 Question 17 New Products 10 Customer Relations Supplier Relations 7 Success Probability 5 Weighted Total Score 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: b. Answers: a. b. c. d. Project A 5 3 3 3 Project B 3 4 5 4 Project C 3 4 3 2 Project D 2 2 5 3 Project/Criteria & Weight: 6 Figure 2-1 Project Selection and Prioritization Matrix Based on the information provided in Figure 2-1, which criterion is most important to the leadership team? new products success probability new products supplier relations customer relations Question 18 Project/Criteria & Weight: New Products 10 Customer Relations 6 Supplier Relations 7 Success Probability 5 Weighted Total Score 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: c. Answers: a. b. c. d. Project A 5 3 3 3 Project B 3 4 5 4 Project C 3 4 3 2 Project D 2 2 5 3 Figure 2-1 Project Selection and Prioritization Matrix Based on the information provided in Figure 2-1, which project is LEAST attractive based on new products? Project D Project B Project A Project D Project C Question 19 Selected Answer: d. Answers: a. b. c. d. All of the following are among the methods project managers can use to develop individual and team capabilities EXCEPT: utilize coercive powers teach personal responsibility demand situational leadership demonstrate personal leadership utilize coercive powers Question 20 1 out of 1 points 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: c. Answers: a. b. c. d. According to PMI’s “Code of Ethics and Professional Conduct”, project managers should exhibit all of the following behaviors EXCEPT: authority - exert economic and political power responsibility - take ownership for decisions fairness - make decisions and act impartially authority - exert economic and political power honesty - understand the truth and act in a truthful manner Question 21 Selected Answer: d. Answers: a. b. c. d. Which of these is NOT one of the items that can provide useful assistance to a project team to define the activities of a project? templates or checklists for projects of the same type the major milestones from the Project Charter schedules from similar, previous projects issue logs templates or checklists for projects of the same type Question 22 Selected Answer: d. Answers: a. b. c. d. This technique is an iterative process that identifies and defines the work to be completely accomplished in the near term, and plans the future work at a higher level. Rolling wave planning. Traceability Decomposition. Agile Rolling wave planning. Question 23 0 out of 1 points 1 out of 1 points 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: c. Answers: a. b. c. d. Figure 8-2 Software Programmer Loading Chart Consider the software programmer loading chart presented in Figure 8-2. What percent of available time is the software programmer assigned to work activities on Thursday? 200 percent 100 percent 80 percent 200 percent 150 percent Question 24 Selected Answer: d. Answers: a. b. c. d. Which of these is NOT one of the primary types of information captured in a project meeting? assumptions and constraints. resolved issues and new issues. action items agreed to. evaluation of the meeting. assumptions and constraints. 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Question 25 Selected Answer: d. Answers: a. b. c. d. Which of the following activities are typically included in a project kick-off meeting? The project manager outlines the project goals. The project team collects lessons learned for use on future projects. The project manager evaluates team member performance. The project sponsor brings in a facilitator to conduct a brainstorming exercise The project manager outlines the project goals. Question 26 Selected Answer: c. Answers: a. b. c. d. Which of the following statements accurately describes a communications management plan? a living document that considers stakeholders' information desires and guides the project communications. a formal document that describes how the project will be initiated and planned a formal document that focuses on how the project’s financial results will be tracked a living document that considers stakeholders' information desires and guides the project communications. a formal document that defines how the project will be terminated and closed Question 27 1 out of 1 points 1 out of 1 points 1 out of 1 points2/25/2021 Review Test Submission: Final Exam – Spring 2021 - ... Selected Answer: c. Answers: a. b. c. d. Under normal conditions, which of these contract types poses the greatest risk to the buyer? Cost-Plus-Fixed-Fee (CPFF)