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Exam (elaborations)

MGMT 444 EXAM 2 QUESTIONS WITH 100% CORRECT ANSWERS

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MGMT 444 EXAM 2 QUESTIONS WITH 100% CORRECT ANSWERS

Institution
MGMT 444
Course
MGMT 444










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Institution
MGMT 444
Course
MGMT 444

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Uploaded on
December 5, 2025
Number of pages
26
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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In order to prevent poor quality and avoid quality problems, there needs to be a


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a project quality plan




It may be easier to identify risks associated with_______, but as the project progresses,
the project team can progressively elaborate the identification of new risks as well as

,the estimated impacts of previously identified risks as more information is_____ or ______


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near-term efforts
known or becomes clear.




Technical


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• Failure to meet customer performance requirements
• New application for technology
• May not be able to meet quality standards or codes




Project budgeting involves 2 steps


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o Determine the total budget cost- which is aggregate amount of the
estimated cost of all specific activities to perform or complete a work
package or project

o Develop time phased budget- distribution by time period of the total
budgeted cost for work package or project over it expected time span
based on what activities are expected to be performed.




risk response plan


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, is a defined set of actions to prevent or reduce the likelihood of
occurrence or the impact of a risk, or to implement if the risk event occurs




Agile project management


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is an approach to reduce product development time while minimizing risk
through continuous interaction between the customer and small self-
organized teams that produce increments of working product features in
short-time iterations while rapidly adapting to changes in requirements.




Human resources


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May not have people available when required to staff the project




Risk assessment


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involves determining the likelihood that a risk event will occur and the
degree of impact the event will have on the project objective.




Resource-limited scheduling

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