MGMT 404 Week 7 Quiz

1. Question: In which of the following tools would a normal or bell-shaped curve be expected if no special conditions are occurring? 2. Question: Two types of control are used extensively on projects and both compare actual performance against the plan: steering control and go/no go control. 3. Question: Which of the following types of contracts involves payment to the seller for the seller's actual approved costs of completed work, plus a fee typically representing the seller's profit? 4. Question: Some scope changes start as proposed changes to cost or schedule, just as some changes to cost or schedule start as proposed scope changes. 5. Question: All of these are factors that could lead to a decision to buy or outsource rather than make or perform in-house, EXCEPT: 6. Question: The project organization can be a seller in dealing with the project owner or customer and a buyer in a more prevalent procurement setting. 7. Question: The purpose of a check sheet is to quickly understand the primary causes of a particular problem using the 80/20 rule. 8. Question: _______ is the PMBOK process that identifies those project needs that can be met by acquiring products and services from outside suppliers, determines what to purchase or acquire, and finalizes when and how to do so. 9. Question: Self-directed teams on agile projects are largely empowered to decide what work to do and when to do it, consistent with the prioritizing of deliverables by the product owner. 10. Question: One of the important factors that should influence the selection of contract type is how the risk is distributed between the buyer and the seller, and how the project is performed.