02 Jan Part 2: Describe a positive

Grading Summary

These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the “Details” section below. Date Taken: 5/27/2016

Time Spent: 2 h , 02 min , 16 secs

Points Received: 115 / 140 (82.1%)

Question Type: # Of Questions: # Correct:

Multiple Choice 8 5

Essay 5 N/A

Grade Details – All Questions

Page: 1 2

Question 1. Question : (TCO 1) Which document is created during the initiation phase of a project?

The scope

The project schedule

The project charter

The project communication plan

Question 2. Question : (TCO 1) Projects have specific attributes. Which of the following is not an attribute of a project?

It is an ongoing endeavor.

It has a defined objective.

It requires resources.

It has a defined start and stop.

Question 3. Question : (TCO 2) Which step of the project life cycle defines all of the project deliverables?

Close out

Planning

Monitoring and control

Initiation

Question 4. Question : (TCO 2) Which statement is an example of a project deliverable?

“If the parts arrive late, we will not finish on time.”

“We must get permits before we start work.”

“I believe the contracts will be signed by the 15th.”

“The paving of the parking is lot is major piece of work for this project.”

Question 5. Question : (TCO 3) The critical path in a project describes which of the following?

The path containing the most important pieces of work

The longest path in a project

The activities with the highest risk

The activities with the highest cost to the project

Question 6. Question : (TCO 3) What values are calculated on the forward pass of a project network?

Early start; late start

Early start; early finish

Late start; late finish

Early finish; late finish

Question 7. Question : (TCO 5) In which process of risk management is the risk register initially created?

Plan risk management

Identify risks

Control risks

Qualitative risk analysis

Question 8. Question : (TCO 5) A risk matrix is used in _____ to _____. A risk register is a _____.

qualitative risk analysis; prioritize risks; list of risks

quantitative risk analysis; identify risks; way to categorize risks

qualitative risk analysis; create risk strategies; way to monitor negative risks

risk identification; simulate project risks; way to categorize risks

1. Question : (TCO 1) Before one can begin writing a charter, one must consider the most appropriate organization for the project. You are the project manager for an organization that builds doors and windows for homes. Which organization structure of the five types is most suitable? Why?

Question 2. Question : (TCO 2) You are reaching the end of your graduate school program and are planning a large party to celebrate your success! You have rented out the local forest preserve as the venue for your party. Applying your project management skills, you want to ensure you have everything planned out and you’ve asked your family and friends to be a part of your team to hold this party. At your party, you have made it clear to your team what you want to have delivered. After all, it’s your party— you can have whatever you want! Some of the key items you want at your party include

•?????????graduation announcements;

•?????????party invitations;

•?????????live entertainment;

•?????????games (for adults and for children);

•?????????food;

•?????????beverages; and

•?????????convenience for all (parking, restroom facilities, etc.).

Part 1: To ensure you have a clear scope for your team, create a 2-level WBS. Don’t forget to include your WBS numbering (15 points).

Part 2: In your WBS, how many work packages have been created? (5 points)

Question 3. Question : (TCO 3) Compare and contrast crashing and fast tracking as a means of schedule compression.

Question 4. Question : (TCO 5) A firm hosts data-mining servers and performs data mining for other companies that do not desire the costs of hardware, software, or expertise to data mine their data. The firm is planning to roll out faster data-mining software that will reduce the time to sift through customers’ data by a fraction of the present time.

Part 1: List and discuss the major risk management functions from a project management perspective for the data-mining software project. (15 points)

Part 2: Describe a positive and negative risk event, the consequences, and the risk-response plans for the data-mining software project. (15 points)

Question 5. Question : (TCO 9) List and describe at least three key differences between risk management in an agile environment and risk management in a traditional project.