Midterm Exam 100 Percent Correct

Take Test: Midterm Exam 100 percent CORRECT!!! Content Instructions Description This test consists of 25 multiple choice questions from Chapters 1-8 that are worth 4 points each. You have two hourse to complete the midterm exam. Good luck. Instructions This test consists of 25 multiple choice questions from Chapters 1-8 that are worth 4 points each. You have two hourse to complete the midterm exam. Good luck. Timed Test This test has a time limit of 2 hours.You will be notified when time expires, and you may continue or submit. Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Not allowed. This test can only be taken once. Multiple Attempts Force Completion This test can be saved and resumed later. The timer will continue to run if you leave the test. Remaining Time: 1 hour, 23 minutes, 50 seconds. Question Completion Status : Save and Submit 1. Question 1 Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully? Project scope management Project quality management Project communications management Project stakeholder management 4 points Question 2 1. The process of “systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project” is called: develop project management plan stakeholder analysis communications management i.d. stakeholders 4 points 1. Question 3 When estimating resource needs, project teams should consider all the following EXCEPT: support needs such as information systems. the time required to communicate between activities. specific knowledge or skills that are required. scoring models. 4 points 1. Question 4 By identifying stakeholders and their needs, project managers can be more effective in all the following ways EXCEPT: prioritize among competing objectives. derive the final budget serve as good stewards of the organization’s resources. develop a shared sense of risk. 4 points Question 5 1. The document that describes why the project is needed, and may include estimated costs and benefits, is called a: program management plan business case SWOT analysis guiding principle 4 points Question 6 1. Which of the following statements concerning strategic analysis is true? Strategic analysis focuses exclusively upon external analysis. External analysis focuses on the strengths and weaknesses of the organization. Internal analysis focuses on the threats and opportunities facing the organization. External analysis focuses on the threats and opportunities facing the organization. 4 points 1. Question 7 Work Breakdown Structures can be displayed in a variety of formats including which of the following? Work Breakdown Structures can be displayed in a variety of formats including which of the following? an inverted pyramid an indented outline format fishbone or cause and effect diagram 4 points Question 8 1. During iteration planning in an agile project, agreement is reached regarding: the length of the next sprint. detailed stakeholder requirements. the definition of done. positive and negative risks. 4 points Question 9 1. Work Breakdown Structures typically include one or more intermediate levels. Which of the following statements correctly describe the nature of these intermediate levels? They generally represent items that need to be created in order to create the final deliverables. They generally represent the raw materials required to create the final deliverables. They generally represent the resource assignments to create the final deliverables. They generally represent the resource assignments to create the final deliverables. 4 points Question 10 1. Which of the following examples is NOT a typical or appropriate situation to employ project management? Which improving an existing work process installing a new computer system conducting a routine, standard customer service operation developing a new product 4 points Question 11 1. Which of the following is an advantage associated with the matrix organization? Resources can be shared between departments and projects. Unity of command - one clear supervisor for each employee. Faster response times and decision making. Having multiple bosses. 4 points 1. Question 12 An activity that logically comes before a dependent activity in a schedule is called a ___: leader activity predecessor activity successor activity mandatory activity 4 points 1. Question 13 All of the following statements accurately describe a project management plan EXCEPT: It serves as an informal contract between the project team and the sponsor It may be a general, summary document or quite detailed. It may be composed of one or more subsidiary plans. It is developed iteratively, starting at a high level and becoming progressively more detailed as information becomes available. 4 points Question 14 1. There are several tasks that a project customer (or sponsor acting in that capacity) can do to enhance the probability of success. All of the following are generally performed jointly with the project contractor who will perform the work EXCEPT: terminate project if needed develop clear requirements use a control system conduct a kick-off meeting 4 points 1. Question 15 Critical Chain method was developed to address several problems that are common in organizations that use traditional project scheduling. Which of the following describes a common problem addressed by the critical chain method? Many team members render overly optimistic estimates of the time it will take them to complete project activities. Many team members work solely on a single task until it is complete - impeding work on other related activities Many team members tend to use all of the time available for an activity rather than completing it early. Many team members work best when multi-tasking 4 points Question 16 1. Which of the following documents serves as an informal contract between the project team and the project sponsor? team members’ employment contracts project charter project roadmap business case 4 points 1. Question 17 Stakeholders include all of the following people EXCEPT: those who work on the project those who provide people or resources for the project those whose routines may be disrupted by the project those who will not be impacted by the project 4 points 1. Question 18 All of the following factors influence the opportunities and threats an organization must consider when performing a strategic analysis EXCEPT: competitors suppliers regulatory agencies employees 4 points 1. Question 19 Project stakeholders can be prioritized based on a number of factors, including one of the following: fame impact tenure personality 4 points 1. Question 20 The staffing management plan addresses all of the following except: how to identify internal and external human resources for the project. how to create RACI charts. how to handle timing issues in building, developing, and releasing the project team. how to determine the availability of human resources for the project. 4 points Question 21 1. The Work Breakdown Structure (WBS) is a framework that will be used as a basis for further planning activities including all the following EXCEPT: developing the project schedule developing the project cost estimate identifying key stakeholders identifying project risks 4 points 1. Question 22 Which of the following organizational structures is designed to achieve a balance of task focus and technical capability? functional organization projectized organization matrix organization siloed organization 4 points 1. Question 23 Projects often require tradeoffs among all of the following EXCEPT: scope cost schedule programs 4 points Question 24 1. Once selected projects have been prioritized, it is time to assign resources to projects based on their order of priority. Resources could include all of the following EXCEPT: subject matter experts equipment quality metrics money 4 points 1. Question 25 The components (principles) of Critical Chain Project Management include which of the following? Estimate activity durations generously Avoid multi-tasking. Adhere strictly to completion deadlines - rather than finishing early or late. Add a comfortable buffer to every activity