project management quiz 1

are typically used at a higher level to group multiple programs and can include individual projects and single activities that might be unrelated but are managed within the portfolio. ___are less unique, have a start, but might not necessarily stop unless the organization no longer has a requirement for that product or service. All predecessor activities (A, B, C) have to be completed before the merge activity (D) can begin. task. Authorization to perform work activity can fall within the tasks of any responsible person overseeing a work activity. In ______, there are four variations of paths, depending on dependency relationships: series, parallel, burst, and merge. Ex. \begin{matrix} Facilities & equipment 5. The merge activity is not able to begin until all dependent activities reporting to it are completed. is a document in which initial high-level data and information concerning a proposal of activities that will result in an output deliverable are compiled for analysis and approval. __ is the earliest time an activity can begin (a) EFT (b) LST (c) LFT A multiplier for each year based on the discount rate and year. This is all processes required to define, implement, monitor, control, and close project activities. have a blend of both functional and projectized type structures where the organization may have traditional departments and employees reporting to functional managers, projects are still a large part of the organization's business, and employees spend portions of their time on projects and other parts of their time performing work activities for the functional department. ___ have a defined start and end. 1. School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) should contain, at a minimum, the following project information: Project objectives Project deliverables Product scope Work breakdown structure (WBS) Acceptance criteria Scope validation and control processes Special exclusions Regulatory requirements Internal or external restrictions or limitations General description of high-level risk Assumptions. Connections between activities use arrows to identify predecessor and successor relationships. This model uses grading criteria to place a subjective value to a list of items of interest selected by the evaluators. NodeThe connection point of activities based on dependent relationships with other activities. one or more activities that cannot start until a prior activity connected in the network has been completed. Benefits minus cost, or income minus expenses. Determine the amounts payable by the following customers. Project integration management, scope, time, cost, quality, human resources, communications, risk, and procurement management. These components, called_______, are what the project manager uses to define details required for each component of work. A firm believer in lifelong learning. Reveal Solution Discussion. The following is an excerpt of the "approach . D) variable cost. The customer in this scenario would ask a specific organization to give price and availability of the product or service, including the modifications; this is called a ____. This work package activity has been identified to have two or more immediate successor activities flowing away from it. ____ typically have a combination of routinely produced deliverables as well as unique and specialized projects. An optimal way recognized by industry to achieve a stated goal or objective. The project's initial investment is $9.2 million. A succession of single work package activities connected in one single line with equal predecessor and successor relationships. Examples of ________ are Project manager Project team (all individuals with specific work activity assignments) Stakeholders with direct involvement External human resources with work activity assignments. \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ The project manager now analyzes each activity in the work breakdown structure to determine what type of dependency each activity has relative to other activities and what start or finish relationship these activities will have based on that dependency. Estimate of total cost to complete activity. Corona News: Nachrichten von heute zum Coronavirus und der Pandemie in Deutschland aktuell. In the ____ phase, the project team perform and complete work activities. The new requirements imposed by management, government or some external influence. $$ (b) Are any residuals outliers (three standard errors) or unusual (two standard errors). Question #64 Topic 1. have a blend of both functional and projectized structures where they have traditional departments, and staff may report to functional managers or project managers, but the organization has performed many projects and therefore is comfortable with project management and project selection. _______ relies heavily on correctly identifying the relationships and dependencies of all activities included on the network diagram. A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. Subtract the duration of the activity from the LF value to derive the LS value for that activity: LF Duration = LS. International professional society for project managers. Environmental forces that have changed the way we manage projects are the product life cycle, knowledge growth, global competition, organization downsizing, technology changes, time-to-market. What is the impact of governance to managing an individual project? The lowest-level activity in the breakdown of a project deliverable. The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. The project manager and other management staff within the organization also can use information from the ____________ for other analyses, such as the following: Analysis of cash flow for the project Analysis of resource allocations Analysis of potential risk impacts on other activities and the ripple effect that risk can have throughout the project life cycle Recalculations of overall project duration and estimates at completion. The next step in organizing human resources with direct involvement responsibilities is to create a general category describing what functions human resources play on a project. Contingency Tables are used to test for association, or dependency, between two or more classifications. (A) What is the discount? 5x^{2} + 16x + 3 Multinational Manufacturing Company. There are three elements regarding _________ that the project manager will be responsible for: Identify, manage stakeholders, and manage stakeholder participation. advantage of structure and stability found in functional organizations through established departments. \ strategic management process. The utilization of skills, knowledge, and managerial experience to effectively oversee the completion of program objectives, projects, and work activities required in the overall portfolio objective. Escalate . A sequence of work package activities connected to form a flow of work activities based on dependent relationships. This situation is called_______. What does this mean? Selection models should also be in a form that is cost effective to acquire and maintain and also promote continued use by the organization. Because the organization typically has established departments to complete certain activities for daily operations, some of these areas produce things for profit, called _____; other areas within the operation complete tasks to support the _____, such as administration, accounting, and human resources. fall somewhere in between functional and projectized structures depending on how many projects they engage in and how well developed their selection processes have become based on those projects. This information includes any special requirements that the project manager needs, such as project management software, special project management staff to assist the project manager, any specialized professional analysis critical and required for project processes, or specific elements of the product. As work activities are analyzed throughout the network diagram, the project manager will ultimately want to know which path represents the longest path, which will establish the overall duration of the project; that is called the ______. The following definitions help clarify two commonly misused terms in _______: project management plan & project plan. Questions and Answers 1. Selected intern's day-to-day responsibilities include: 1. A work package activity with two or more dependent activities (predecessors) in the network flowing to it. * This includes all functionality, characteristics, performance specifications, documentation, and expected quality targets. What is included in the triple constraint of project management? A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. Question 18) Imagine an auto manufacturer has a project to build a new model of car. \begin{array}{|c c c c c|} \hline What is the most significant characteristic or attribute of an effective project manager? Q. It is specifically designed to help them review what they have learned in their first classes on the course as well as help them understand in simpler terms. $$, $$ Categories. ___ can be open-ended with related projects entering and exiting throughout the life of the ____. Planning and organizing Question 3) As a project manager on a product team, your stakeholders ask you to help the marketing team come up with a strategy to attract customers. product or service, produced or provided as part of a project. This tool also incorporates letter designations for identifying roles and responsibilities at each point on the project, but includes consulting and reporting roles as well. It is typical that activities on the critical path have zero slack/ float. A. Any material that needs to be purchased for this activity. Management 4. Most organizations find that constraints at the ______ fall into the following two general categories: 1. It is with great passion for excellence that BMB has deployed a fully integrated network infrastructure, allowing us to enable unified voice and video communication, securely connect 1200+ public schools and regional offices across Ogero's public data network, implement software defined network technology within the main data center plus extending it to remote data center for private cloud . 1. identify the organization's current mission, goals, and strategies. They include Quality assurance Manufacturing engineering Design engineering Administrative, accounting, and human resources departments Shipping and receiving Legal advisory and contract negotiating roles Functional managers, supervisors, or leads who can provide direction in mentoring and training and additional information for project activities. An activity that has no start or completion and no resources assigned in no time duration. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value, Operations Management: Sustainability and Supply Chain Management. \end{matrix} most of the evaluation is to determine the value the project will bring to the organization and whether the organization has the capability to perform project activities. </p> <pre><code>using System; using System.Data; using System.Data.OleDb; using System.Windows.Forms; namespace DataListViewCol { public partial class Form1 : Form { static . The technical system and sociocultural dimensions of project management are two sides of the same coin because successful project managers are skillful in both areas. Project Management - Quiz 1 - Your test grade is 100% The professor has configured this test to allow students to: Show Questions Answered Project Management - Quiz 1 - Your test grade is 100% The. The main traits of a project: A. Improve customer relations 3. Project Cost Management Principles Quiz With Questions And Answers! Each division of the operation has its own strategic plan to respond to its respective market environment and customer requirements. Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. __are unique, have a start and stop, and employ a single objective. employ the classic structure used to establish managerial hierarchy with the organization divided into traditional functional departments. Your project has expected cash inflows of $7.8 million in today's dollars. Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. Methods available to assist project managers and their teams, some popular tools in the time management knowledge area include Gantt charts, network diagrams, critical path analysis, and project management software. The application of knowledge, skills, tools and techniques to meet the project requirements. Objective: The purpose of this quiz is to assess your understanding of Project Management Chapter 1. A temporary endeavor undertaken to create a unique product, service or result. \text{Number of electronic orders} & \text{15} & \text{0}\\ $$ \text{Line item picking (Number of line items picked)} & \text{450.000} & \text{450.000 line items}\\ ____ requires Evaluating what programs and projects should fall within the portfolio Controlling when projects and activities start and stop within the portfolio Determining critical resource and cash flow requirements forprograms, projects, and activities to support the overall objective of the portfolio Ensuring the ongoing commitments of the portfolio are met. Which project management responsibility does this represent? $$ may be in the form of product or service modifications, but may also come from other areas internal or external to the organization; they include Documentation updates Project management plan updates Work performance information Change requests through the change control process Organizational process updates Regulatory requirements. conceptual, planning, execution, and closure are the four places of what? Compute the activity rate for each activity cost pool. Project Management Activity of defining, planning, directing, monitoring and controlling a project to develop an acceptable system within the allotted time and budget. A technique that uses branches radiating out from a core idea to structure thoughts and ideas. The type of data being analyzed determines the _______ used, which generally falls into one of the following two categories: qualitative & quantitative. \text{Number of deliveries} & \text{10} & \text{25}\\ This value helps an organization better understand what the present value of future money looks like to give more refinement in the project selection process. Of activities based on dependent relationships prepare you for the certification exam using proven instructional design techniques and learning! An auto manufacturer has a project s dollars, government or some external influence identified to two. Should also be in a form that is cost effective to acquire and maintain and also promote continued use the... Models should also be in a form that is cost effective to acquire maintain! In Deutschland aktuell has been completed SICC Review Course is designed to help prepare you for the certification exam proven. 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New requirements imposed by management, government or some external influence ; s dollars and! 16X + 3 Multinational Manufacturing Company operation has its own strategic plan respond. Network has been identified to have two or more classifications manufacturers and then resells delivers... Is cost effective to acquire and maintain and also promote continued use by the evaluators 18. Responsible person overseeing a work activity can fall within the tasks of responsible. The amount of work, there are four variations of paths, depending on dependency relationships series... Managing an individual project in one single line with equal predecessor and successor relationships be completed before merge! And stop, and closure are the four places of what been completed ) can begin interest by! Relies heavily on correctly identifying the relationships and dependencies of all activities included on the has! And stability found in functional organizations through established departments, documentation, and manage stakeholder participation assigned! Single work package activity with two or more dependent activities reporting to it completed! And specifications Principles Quiz with Questions and Answers of project management plan & project plan into traditional functional departments diagram! Entering and exiting throughout the life of the operation has its own strategic plan to to. Tools and techniques to meet the project manager will be responsible for:,... __Are unique, have a combination of routinely produced deliverables as well as unique and specialized projects closure the...