BUS 375 Milestone 1 Questions And Answers( All 100% Correct) Verified 2021

Which of the following is true regarding the scope document for a project? • It is unrelated to an organization's governance. • It includes the project budget and sponsor information. • It is completely separate from the business case for a project. • It describes the risks that could impact the project. CONCEPT Project Scope 2 If the project sponsor decides to increase the project’s scope, which of the following is likely to occur? • The budget and time frame of the project may remain the same. • The time frame of the project may stay the same, but the budget may increase. • The budget of the project may stay the same, but the time frame may increase. • All of the above could occur. CONCEPT Scope, Time, and Cost 3 Which of the following should a project manager do after identifying the stakeholders related to a project? • Present the requirements to the stakeholders • Assign work segments to project team members • Gather expectations about the project from stakeholders • Estimate the resources needed for the project CONCEPT Gathering Stakeholder Expectations: The Process 4 Which of the following is an example of a resource estimate? • Rent and utilities for the work space • Number of weeks to complete a project • Price of supplies to produce a deliverable • Talent needed to produce a deliverable CONCEPT Estimating 5 Which of the following is true regarding project risks? • Risks are evaluated only at the beginning of a project. • Risks are discussed by the project team but not specifically documented. • Risks are continuously tracked throughout the project lifecycle. • Risks affect the budget more than any other project component. CONCEPT Identifying Project Risks 6 Which of the following is an example of a tangible benefit? • Increase in customer satisfaction • Increase in sales • Improved communication skills • Positive company image CONCEPT Defining Project Rationale 7 Which of the following is an expectation that relates to what the stakeholders expect a project to deliver? • Outcome • Promotion • Project methodologies • Procedure CONCEPT Gathering Stakeholder Expectations: Types of Expectations 8 Match each question type below to the corresponding element of the scope document. What Why • A. Business case • B. Governance • C. Objectives CONCEPT Project Scope 9 Which of the following factors could contribute to the failure of a project? • The project manager uses the iterative methodology because the project is not well defined. • The organization funding the project merges with another organization. • The project manager has project management experience but lacks some technical expertise that project team members have. • The project manager documents some risks that could potentially occur. CONCEPT Project Success & Failure 10 Which of the following describes a project? • Lacks specific start and end dates • Defined outcomes and deliverables • Made up of multiple operations • Continuous, repetitive work activities CONCEPT Project Management 11 Select the two items below that are described in a business case for a project. • People interested in the project • Time frame for project completion • Performance-based outcomes of the project • Reason the project is needed • Problem the project is solving CONCEPT Defining Project Rationale 12 Which of the following is true regarding gates in the project lifecycle? • Passing a gate requires gaining some type of approval. • Gates occur at the beginning of each phase. • The project manager makes gate approvals for team members. • Each phase has only one gate. CONCEPT Project Life Cycle & Processes 13 Select the two tasks below that a project manager performs. • Create deliverables for a project. • Collaborate with project team members. • Manage the budget for a project. • Manage repetitive work functions. • Coordinate multiple related projects. CONCEPT Project Management 14 Kristen managed a project to plan a wedding for her close friend, Maya, who was a creative, free spirit and wanted several wedding features that were not the norm. Which of the following are the probability and the related impact of the wedding pictures not turning out the way Maya would want if the photographer Kristen found for the day was only experienced in very traditional wedding photography? • Low risk and high negative impact • Low risk and low high negative impact • Medium risk and low negative impact • High risk and high negative impact CONCEPT Identifying Project Risks 15 Order the following items from first to last based on when each occurs in the project lifecycle. 1. c. Develop a project scope document. 2. b. Select project team members. 3. a. Communicate progress to stakeholders. 4. d. Ensure project deliverables are complete. • a. Communicate progress to stakeholders. • b. Select project team members. • c. Develop a project scope document. • d. Ensure project deliverables are complete. CONCEPT Project Life Cycle & Processes 16 Match each stakeholder below to its corresponding characteristic description. Project manager Project sponsor • A. Has ultimate decision-making authority for a project • B. Directly uses deliverables from the project • C. Guides a project to successful completion CONCEPT Project Stakeholders 17 Which of the following is an example of a deliverable? • Available resources • Budget for project • User manual • Completion date CONCEPT Determining Project Outcomes 18 The range of skills which will enable the project manager to lead the project effectively include all of the following, EXCEPT __________. • analytical experience • interpersonal skills • communication skills • stakeholder experience CONCEPT Project Manager Roles & Responsibilities 19 In which of the following instances should a project manager use an iterative approach for a project? • The project manager needs to control scope through a project plan. • The phases need to be managed in a specific sequence. • The problem the project is solving is not fully defined. • The requirements are not expected to change as the project progresses. CONCEPT Project Methodologies 20 Which of the following is an example of a people project? • Plan a fundraising project for a community group. • Create a discussion board for the company website. • Train staff on a new accounting system. • Develop a procedure to improve customer service. CONCEPT Types of Projects 21 Which of the following is NOT a key responsibility of a project manager?