BUS 375-Milestone 2 Questions/Answers (Solved)

You passed this Milestone 14 questions were answered correctly. 8 questions were answered incorrectly. Which budgeting method below identifies money that should be added to a project budget to cover cost changes for a project? CONCEPT Budget Methods and Evaluation 2 Which of the following elements is NOT included as part of the five- step process of developing a work breakdown structure? CONCEPT Creating a WBS 3 Karen provided advice to the team working on creating a flavored water beverage since she worked on a similar project in the past. Karen was assigned which of the following RACI elements? CONCEPT Responsibility Matrix 4 Jani is worried that the team members she assigned to advertise her company's convention lack the expertise to design creative and informative brochures. This would best be categorized as which type of risk? CONCEPT Planning Phase Risks Leon started a project to design and create a new video game for the animation studio where he develops graphics and animations for video games and movies. Which item below would be considered an overhead cost? CONCEPT Project Budgeting 6 Which of the following is the least accurate effort estimate? CONCEPT Time and Effort Estimates 7 Which of the following are considered only people project resources? CONCEPT Resource Planning 8 James manages a project to build a new pavilion at an elementary school. The concrete floor takes three hours to pour, and three days to set. Which of the following best describes the time between when the concrete is poured, and when the floor is done? CONCEPT Sequencing & Dependencies The color yellow indicate on a project dashboard indicates which of the following? CONCEPT Status Reporting Plan 10 Select the item below that is NOT described in a project schedule. CONCEPT Project Schedule 11 Which of the following risks is considered bad but survivable? CONCEPT Classifying and Recording Risks 12 Which of the following is a document that provides guidance on how a project is executed and controlled to ensure successful delivery of the project goals? CONCEPT Project Planning 13 Which of the following individuals listed in the RACI has authority for project action approval? CONCEPT Responsibility Matrix 14 Which example describes the use of a Time and Materials contract? CONCEPT Procuring Resources 15 Who of the following provides approval for a project? CONCEPT Gaining Approval Which of the following is true about assigning people to tasks? CONCEPT Assigning People to Tasks 17 There are several factors that impact a project schedule. How is the factor of time defined? CONCEPT Project Schedule 18 Which of the following is true regarding the creation of a WBS? CONCEPT Creating a WBS 19 Which of the following provides a sequenced plan that estimates the time required to complete project activities and tasks? CONCEPT Project Planning Which of the following is true regarding classifying and recording risks? CONCEPT Classifying and Recording Risks 21 Which of the following budget methods provides a quick start to the budget development process? CONCEPT Budget Methods and Evaluation 22 Which of the following statements below regarding the process of developing a project budget is true? CONCEPT Project Budgeting