29 Jan (TCO D) A firm stores data

Question 1 10 pts

(TCO A) A project is a temporary endeavor undertaken to create what three things.

Unique product, service, or objective

Unique project, service, or routine

Unique product, service, or result

Unique routine, service, or result

Question 2 10 pts

(TCO H) What is the longest phase of the project life cycle?

Executing

Closing

Planning

Initiating

Question 3 10 pts

(TCO B) A(n) _____ is a tangible item or service created for a project.

work package

activity

deliverable

task

Question 4 10 pts

(TCO D) _____ is used to assess risks by using a defined set of standard parameters, such as the likelihood of a risk happening, the severity of the risk, risk detection process, or mitigation plans.

Monte Carlo

Qualitative Risk Management

Probability and Impact Matrix

Quantitative Risk Management

Question 5 10 pts

(TCO F) The primary purpose of a _____ meeting is to identify and resolve problems.

communications flow

status review

technical design review

problem solving

Question 6 10 pts

(TCO F) The two most common types of project reports are _____.

progress reports and the contract report

weekly and monthly

progress reports and the final report

update-only reports and status

Question 7 10 pts

(TCO C) _____ is the amount of time a particular activity can be delayed without delaying the earliest start time of its immediately succeeding activities.

Free time

Free slack

Free change

Work release

Question 8 10 pts

(TCO A) Projects are identified and selected in the _____.

initiating phase

planning phase

performing phase

closing phase

Question 9 10 pts

(TCO C) In addition to showing the technical constraints among activities, how does the network diagram logic also take into account resource constraints?

Activities that use the same resource may not be able to occur in parallel to each other.

Activities that use different resources may be shown in a serial relationship.

The activities could be shown in a loop relationship.

Resources that are unlimited are not shown in a resource assignment.

Question 10 10 pts

(TCO F) Allocating total project costs for the various elements to the appropriate work packages establishes _____.

the committed costs for the work package

the anticipated expense for the work package

how to apply resources to the work package

a total budgeted cost (TBC) for each work package

Question 11 10 pts

(TCO C) Calculate the earliest start for Task B if its predecessor, Task A, finishes on day 3 and the duration of Task B is 2 days.

Day 5

Day 3

Day 1

This cannot be calculated based upon the information given.

Question 12 10 pts

(TCO H) A project audit provides an opportunity to evaluate issues and concerns to determine potential improvements. The primary purpose of a project audit is

provide a level of comfort to the executive team.

identify project improvements.

find the reasons for problems and issues in the project.

generate a report addressed to the corporation.

Question 13 20 pts

(TCO B) Describe what each of the following means in project planning: what, how, who, how long, and how much.

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Question 14 20 pts

(TCO B) List the seven steps to building a WBS.

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Question 15

(TCO E) Describe four specific traits that should be exhibited by the project manager. Briefly outline a situation where one of these traits is lacking, and the potential effect on project team performance.

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Question 16

(TCO C) A project to remodel a garage has the following activities. (Hint: You will need to build an AIB/AON diagram, perform a forward pass, and perform a backward pass to answer this question.)

ActivityDurationPredecessors

A4 months—

B3 months—

C3 months—

D5 monthsC

E3 monthsA, B

F3 monthsB, C

G3 monthsE, F

H4 monthsD, F

I5 monthsG

J2 monthsH

What are the critical path activities? (8 points)

What is the project’s scheduled completion time? (8 points)

What is the slack or float for Activity C? Show your calculations. (8 points)

What is the slack or float for Activity D? Show your calculations. (8 points)

What is the slack or float for Activity F? Show your calculations. (8 points)

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Question 17

(TCO D) A firm stores data for other organizations. The company stores data across many states, providing backup data storage for states, municipal governments, and large corporations. The firm is deploying a new set of storage devices that are faster, denser, and more energy efficient.

Part 1: List and discuss the six steps in risk management for the new data storage project. (17.5 points)

Part 2: Describe a positive and a negative risk event, the related consequences, and the risk response plan for each of the two risks for the new data storage project. (17.5 points)

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