OPMA 407 Final questions and
answers already passed
Characteristics of Projects - correct answer ✔✔Unique
One-time occurrence
Finite duration
Four parts of a technical proposal - correct answer ✔✔Technical Approach
Implementation Plan
Plan for Logistic Support and Administration
Past Experience
Project Selection Criteria - correct 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? - correct 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 - correct answer ✔✔Purpose
Objectives
Overview
Schedules
Resources
Stakeholders
Personnel
Risk Management Plans
Evaluation Methods
What should be accomplished at the initial coordination meeting? - correct 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
approach. - correct answer ✔✔APM is distinguished by close and continuing contact between
clients (users) and staff working on the project, and an iterative and adaptive planning process.
This approach is best suited for situations in which the scope of the project cannot be
sufficiently determined in advance. The scope is progressively determined as the project
progresses. It can be viewed as a flow process where work is performed for short "sprints" and
then the project members gather to discuss the progress thus far and what work should be
completed next.
It differs from the traditional approach, where there is significant planning initially to define the
entire project including all of the tasks to be completed.
Nine Segments of the Project - correct answer ✔✔• Concept evaluation
answers already passed
Characteristics of Projects - correct answer ✔✔Unique
One-time occurrence
Finite duration
Four parts of a technical proposal - correct answer ✔✔Technical Approach
Implementation Plan
Plan for Logistic Support and Administration
Past Experience
Project Selection Criteria - correct 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? - correct 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 - correct answer ✔✔Purpose
Objectives
Overview
Schedules
Resources
Stakeholders
Personnel
Risk Management Plans
Evaluation Methods
What should be accomplished at the initial coordination meeting? - correct 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
approach. - correct answer ✔✔APM is distinguished by close and continuing contact between
clients (users) and staff working on the project, and an iterative and adaptive planning process.
This approach is best suited for situations in which the scope of the project cannot be
sufficiently determined in advance. The scope is progressively determined as the project
progresses. It can be viewed as a flow process where work is performed for short "sprints" and
then the project members gather to discuss the progress thus far and what work should be
completed next.
It differs from the traditional approach, where there is significant planning initially to define the
entire project including all of the tasks to be completed.
Nine Segments of the Project - correct answer ✔✔• Concept evaluation
