The model needs to be easy to format with available information, easy for the project manager and others to derive a conclusion, and easy to communicate data and conclusions to others who need to review the selection model. Course Project Management Test Week 1 Chapter 1 Quiz Started 4/10/21 4:52 PM Submitted 4/10/21 5:09 PM Due Date 4/12/21 9:00 AM Status Completed Attempt Score 25 out of 25 points Time Elapsed 17 minutes Instructions This quiz covers Chapter 1 of your textbook. The path of activities connected through a network diagram that, combined, have the longest duration. Sample Papers. Process or product improvements for the organization. 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. network diagram and activity interdependencies. Acquisition B. Better control of financial, physical and human resources 2. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project The following definitions help clarify two commonly misused terms in _______: project management plan & project plan. Leading warehousing project for 1 of the . You should practice answering each question under 60 seconds. \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ _______ can reveal performance of not only employees but also external subcontractors who were used; this information can be valuable in defining the requirements of subcontractors for a new project. Certification provided by PMI that requires documenting project experience, agreeing to follow the PMI code of ethics and passing a comprehensive exam. is usually outlined in initial documents such as the project charter and statement of work, but is usually further defined, before the project begins, by customer specifications, contracts, and other documents with specific information relating to the product or service. \end{matrix} The _______ normally consists of an identifiable element of work that has to be completed and the expected time duration. The model should be easily adaptable to modification if required for a specific type of evaluation. A relationship wherein a successor activity cannot finish until a predecessor activity has started. Learned and applied Project Libre, Gantt chat, flowcharts, Maps, and financial assessments for managing projects. Type of business and market position Senior management experience, personality, and management style Hierarchical command structure Maturity in customer and supplier relationships High-level investment strategies and risk tolerance Senior management's perception of lower-level workforces Organizational approach to customer service General working conditions and environment within the organization. Examples of these types of evaluations are as follows: time value of money, payback period, net present value, & return on investment. These activities (B and C only) can be performed simultaneously. The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. Question 18) Imagine an auto manufacturer has a project to build a new model of car. 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 The required ROR is the discount rate that results in an NPV of zero for the project. Practice all cards. People involved in or affected by project activities. Question 8) Fill in the blank: A ______ has a clear outcome and a clearly-defined start and end date. Roles of project manager are answer choices Create a project team and organization where none existed before Must decide what and how things should be done instead of simply managing set processes Must meet the challenges of each phase of the project life cycle, and even oversee the dissolution of their operation when the project is completed In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the ____. The merge activity is not able to begin until all dependent activities reporting to it are completed. They also use key resources within these departments on projects that allow the organizations the flexibility to produce deliverables in response to changing market conditions. is the most critical process of the project life cycle because it not only defines the details of project deliverables, but also yields definitions in the structure of all work activities required to meet project objectives. It consists of 10 questions. These structures are called ___, ___, & ___. \text{Other organization-sustaining costs (None)} & \text{602.000}\\ To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. AT&T, Verizon, and T-Mobile. Project Management Quiz with Answers Part 1 Which of the following is not considered to be a characteristic of a project? All the best! \text{Activity Cost Pool (Activity Measure)} & \text{Total Cost} & \text{Total Activity}\\ advantage of structure and stability found in functional organizations through established departments. The person who provides the direction and the funding for the project. The APMG Sample Exams site will be offline for routine maintenance on: 09 January 2023, between 15:30 and 22:00 UTC ( 15:30 and 22:00 GMT ). The main traits of a project: A. Q. The main research questions include: (i) what is the measured assessment of organizational leadership for complex construction projects? _______ relies heavily on correctly identifying the relationships and dependencies of all activities included on the network diagram. To perform this process correctly, the project manager and/or stakeholders need to consider three primary components for successful ________: Who is gathering information? __ is the earliest time an activity can begin (a) EFT (b) LST (c) LFT Strategic planning, Business area analysis, Project planning, Resource Allocation. Where does the information come from? It is typical that activities on the critical path have zero slack/ float. ONES TestCase. Property taxes on a company's factory building would be classified as a(n): Which cash flow technique was used to determine this? ______ defining a _____ can be both specific and generalized in nature. Escalate . The person responsible for working with the project sponsor, the project team and other people involved in a project to meet project goals. Project managers should adopt whatever tools, techniques, and methodologies that a specific company prefersthis keeps senior management happy. I press the small triangle of the right upper to edit a column. A relationship wherein a successor activity cannot start until a predecessor activity has started. School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) 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. This process is called_________. SENIOR PROJECT MANAGER. \text{Number of electronic orders} & \text{15} & \text{0}\\ Activities that cannot be started because they are dependent on prior activities connected in the network being completed. Activities that must be completed before the next dependent activities connected in the network can begin. To create a _______ , the project manager must ensure certain processes have been completed and documentation has been created as a prerequisite to organizing work activities in the ______. the ___ is typically the output of this phase and, if approved, marks the official beginning of the project. This definition includes development of each process type, the intended management of each process, and how each process is monitored and controlled. The following is an excerpt of the "approach . Provides reports to management, as required. Project Management MCQs Q. A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. Lower costs 5. 1. identify the organization's current mission, goals, and strategies. Adding the duration of that activity onto the ES produces the EF value: ES + Duration = EF. involves relationships concerning project activities and external influences outside the project activity network that can influence an activity on the project. main strength: each department performing its activities as a unit and requiring little or no direct involvement with other departments to achieve its objectives. Managing a project typically includes: answer choices This is all processes required to define, implement, monitor, control, and close project activities. What are some of the key environmental forces that have changed the way projects are managed? 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. It is also important to note whether one work activity cannot be started until a previous activity has been completed in this type of detail; if so, that will create ________ requirements. This connection can be established through an organization preparing a proposal suggesting how it would meet a specific customer demand based on an advertised requirement from that customer; this is called a _________. A grouping of either related or nonrelated programs, projects, or individual work activities. \text{Manual order processing (Number of manual orders)} & \text{248.000} & \text{4.000 orders}\\ defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget. Strategic plans are implemented primarily through projectse.g., a new product, a new information system, a new plant for a new product. True. Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. The conceptual phase marks the initial efforts taken at the beginning of a project. The functional manager still holds authority over her department, but the project manager can hold an equal level of authority in overseeing resources from several departments in managing a project. \ What are the two dimensions of the Socio-cultural approach? Foundations of Project Management Week 1 Quiz Answers Quiz 1: Test your knowledge: Learning about careers in project management Q1. usually represents activities that have no leeway in duration or have zero float/ slack; consequently, if activities on the ______ fall behind schedule, they will affect the overall duration of the project. Describe the purchasing behaviors that are likely to characterize Worley's least profitable customers. The lowest-level activity in the breakdown of a project deliverable. <br><br>In 2021, I transitioned to data by teaching myself SQL, Python, and Tableau.<br><br> Work<br>I'm working at DataLemur (https://datalemur.com) where I document, test and improve 100+ SQL questions, solutions and hints. PSPO1 Practice Tests Scrum Product Owner certification-160Q. Dynamic and Self-Motivated Project Manager (Prince 2 and ITIL Certified), Test Manager, Defect Manager, Change Manager, Environment Co-Ordinator with proven track record of leading and managing End to End delivery phases of projects, right from project kick-off, solution requirements analysis, design, test planning, execution, reporting, deployment and Operations support for large complex . If customers submit documents with specific definitions of product or service deliverables, they can be a great resource of very detailed information that can be used in requirements collection. PMP Practice Test: Project Management Professional 2021. \text{Number of manual orders} & \text{0} & \text{30}\\ False. Several individual housing projects done int he same area by the same firm might best be managed as part of a ____. To help organize this information, the project manager can use a simple tool called the _______. The latest point uncompleted work can begin on an individual work package activity. (Hint: Do not overlook the$30,000 cost of goods sold that Worley incurred serving each hospital.) Estimate of total cost to complete activity. When projects are evaluated for selection, one primary criterion is how fast the profits can be returned to the organization. Costs that organizations must fund to stay in business. 100% Off Coupons; Record the end duration value for all immediate predecessor LF values. the identifying label on the network documenting information about a work package activity. Greetings!! Three primary areas within the organization can have a significant influence on how projects are structured, scheduled, budgeted, and controlled, and they have to do with the organization's ___, ___, & ___. Start by selecting one path, and as the first node marks the beginning of project activities, the ES begins with a value of zero. The technical and sociocultural dimensions of project management are two sides to the same coin. Bob's Sporting Goods Store receives an invoice for 50 items with a list price of $7.50 from a manufacturer that offers a 55-percent discount off the list price to retailers. The company broke its selling and administrative expenses into five activities as shown below: Any equipment required and any special use of facility space. can be established as a matter of discretion, deciding which activities should go before or after other activities. What is included in the triple constraint of project management? It outlines not only key stakeholders on the project, but also their needs and requirements as well as their relationship to the project and authority level on the project. 5x^{2} + 16x + 3 Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. descriptive; grading that is used when little or no actual numerical values have been gathered on project details and decisions have to be made based on more subjective general descriptions. ___ have a defined start and end. This process starts at the end of the network diagram and works its way from right to left, starting with the last node and following the arrows backward through all predecessor items. is usually a much larger-scale compilation of project documentation, environmental factors, organizational processes, and all other documentation required to establish boundaries around the processes performed during the project life cycle. </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 CORRECT statement of project management answer choices The goals are closely related to broad strategic organization goals Provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives High-level plan providing guidances Are there constrictions right? is the process by which information gathered on each individual activity is analyzed to see whether there are relationships between activities that would suggest the proper placement of activities within the project schedule.