Question 1
5 / 5 pts
(TCO 1) A project is defined as a(n) _____ endeavor undertaken
to create a(n) _____ product, service, or result.
challenging; new
temporary; unique
new; challenging
ongoing; unique
Question 2
5 / 5 pts
(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
5 / 5 pts
(TCO 2) Which step of the project life cycle defines the
project scope?
Initiation
Planning
Execution
Close out
Question 4
5 / 5 pts
(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
5 / 5 pts
(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
5 / 5 pts
(TCO 3) Hammock activities are used to do which of the
following?
Ensure critical path
work is done on time.
Capture lessons
learned on two or more activities.
Summarize duration
and cost information on related activities.
Provide information
on project slack.
Question 7
5 / 5 pts
(TCO 5) In which process of risk management are proactive
and reactive strategies considered?
Plan risk management
Plan risk responses
Control risks
Qualitative risk
analysis
Question 8
0 / 5 pts
(TCO 5) Contingency plans are created
to proactively
address the risk.
to respond to the
risk should the risk occur.
to gather
information on vital risks.
to avoid red risks
in the project plan .
Question 9
20 / 20 pts
(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 a company that integrates custom data solutions for large corporate
enterprises. This project will span two or three years and will cost tens of
millions of dollars. This is a large, very involved project. Which of the five
organization structures is most suitable? Why?
Question 10
20 / 20 pts
(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)
b) As can be seen from above WBS, there are 21 work
packages, the second level tasks under each main task
Question 11
20 / 20 pts
(TCO 3) Compare and contrast fast tracking and scope
reduction as means of schedule compression.
Question 12
20 / 20 pts
(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 13
20 / 20 pts
(TCO 9) List and describe at least three key differences
between risk management in an agile environment and risk management in a
traditional project.
