1.

The most significant characteristic or attribute of an effective project manager is that he or she _________. Student Value Response 1. leads by example 0% 2. is a strong communicator 3. is decisive 4. is visionary Score: 0/2 Correct Answer

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2.
What kind of certification does the Project Management Institute provide? Student Value Response 1. MCPM: Microsoft Certified Project Manager 2. PMM: Professional Project Management Mentor 100% 3. PMP: Project Management Professional 4. CAPM: Certified Correct Answer

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Assistant Project Manager Score: 2/2

3.
You can earn a doctorate degree in project management. Student Response Value True 100% True Score: 2/2 Correct Answer

4.
What is NOT a good project management software to use? Student Value Response 1. Oregon 100% Trail 2. Primavera 3. Microsoft Project 4. Microsoft Excel Score: 2/2 Correct Answer

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5.
Which of the following is NOT one of the 4 core knowledge areas of project management?

Student Value Response 1. Scope management 100% 2. Risk management 3. Quality management 4. Time management Score: 2/2

Correct Answer

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6.
What was the first project to use "modern" project management in the development of the atomic bomb? Student Value Response 1. The Queens Project 100% 2. The Manhattan Project 3. The Blair Witch Project 4. The Brooklyn Project Score: 2/2 Correct Answer

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7.

What benefits does Program Management bring to an enterprise? Student Value Response 1. Approving projects at the same time 2. Purchasing common materials at the same time 3. Leveling resources across projects 4. All of the 100% above Score: 2/2 Correct Answer

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8.
What are the MOST important skills a portfolio manager should have and continue to improve? Student Value Response 1. Financial 100% savvy 2. Marketing skills 3. Shortterm Goal setting 4. Managing a project well Score: 2/2 Correct Answer

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9.
What is NOT considered a feature of a project? Student Value Response 1. Temporary 2. Does NOT 100% need a project sponsor 3. Produces a unique product 4. Involves uncertainty Score: 2/2 Correct Answer

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10.
Which of the following is considered the "4th" constraint in the "Triple Constraint"? Student Value Response 1. Cost 2. Time 3. Quality 100% 4. Scope Score: 2/2 Correct Answer

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Quiz 1 1.
Some common time-management tools and techniques include ____, project network diagrams, and critical-path analysis. Student Value Response 100% A. Gantt charts B. stakeholder analysis C. statements of work D. Pareto diagrams Score: 2/2 Correct Answer Correct.

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2.
Project ____ management involves defining and managing all the work required to complete the project successfully. Student Value Response A. time B. communications C. risk 100% D. scope Score: 2/2 Correct Answer

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Correct.<br/><br/>

3.

Project ____ management, the ninth knowledge area, is an overarching function that affects and is affected by all of the other knowledge areas. Student Value Response A. human resource B. procurement C. integration 100% D. quality Score: 2/2 Correct Answer

Feedback

Correct.

4.
Some popular ____-management tools and techniques include Gantt charts, project network diagrams, and critical-path analysis. Student Value Response A. quality 100% B. time C. cost D. scope Score: 2/2 Correct Answer Correct.

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5.
Project ____ may be defined as a test of whether a project has met scope, time, and cost goals. Student Value Response A. depth B. clarity Correct Answer

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C. success D. vision Score: 2/2

100%

Correct.

6.
About ____ of the worlds gross domestic product is spent on projects. Student Value Response 100% A. onequarter B. one-third C. one-half D. threequarters Score: 2/2 Correct Answer Correct.

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7.
Given a program for building one hundred residential single family homes in a particular neighborhood, each home is a separate ____ for a specific homeowner. Student Value Response 100% A. project B. program C. sponsorship D. scope Score: 2/2 Correct Answer Correct.

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8.

Projects typically finish according to the discrete scope, time, and cost goals originally set. Student Value Response 0% A. True B. False Score: 0/2 Correct Answer Incorrect.

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9.
What was the first project to use "modern" project management in the development of the atomic bomb? Student Value Response 1. The Queens Project 100% 2. The Manhattan Project 3. The Blair Witch Project 4. The Brooklyn Project Score: 2/2 Correct Answer

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10.
Which of the following is considered the "4th" constraint in the "Triple Constraint"?

Student Value Response 1. Cost 2. Time 3. Quality 100% 4. Scope Score: 2/2

Correct Answer

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1.
Duration relates to the time estimate, not the effort estimate. Student Response A. True B. False Score: 2/2

2.
What are the five project management process groups? Student Response A. Cost Management, Scheduling, Quality Management, Scope Management, & Time Management B. Strategic Planning, Business Analysis, Project Planning, Project Tracking, & Resource Allocation C. Initiating, Planning, Executing, Monitoring and Controlling, & Closing D. Leadership, Listening, Integrity, Communication, & People Skills Score: 2/2

3.

A __________ is a document that formally recognizes the existence of a project and provides a summary of the projects' key information. Student Response A. Project Business Case B. Project Database (or Spreadsheet) C. Project Charter D. Business Plan Score: 2/2

4.
Identify whether each of the following statements about initiating projects is True or False: Statement Response The PMBOK Guide is both a project management standard and a False methodology Creating a WBS is a key element of Scope Management that occurs as part False of Initiating processes Performance reporting is a Communications Management process that True occurs during project Monitoring The RFP process for Procurement is best carried out during project Planning False Qualitative Risk Analysis is done during Planning and is preparatory for False Quantitative Risk Analysis during Execution "Alpha" project managers are more successful because they spend 13% False more time during Execution, when it counts Quality control takes place as part of the Monitoring processes, whereas True Quality Assurance occurs as part of Planning processes DMAIC is one of two specific project management methodologies in the False PRINCE2 Framework Score: 10/10

5.

Project ____ may be defined as a test of whether a project has met scope, time, and cost goals. Student Response A. depth B. clarity C. success D. vision Score: 3/3

6.
The critical path is the shortest path through the network diagram. Student Response A. True B. False Score: 2/2

7.
Part of creating and following a project management methodology includes the creation and use of document ____. Student Response A. models B. templates C. prototypes D. outlines Score: 3/3

8.
According to Dr. Thornley, and the original purpose of milestones, identify which of the following are "Meaningful Milestones" and which are not. Statement Growing Grass in Dysney's Animal Kingdom - 2 years Just-in-Time Training Survey Report Completed - 8/22/09 The 10th Status Report is on Executive Sponsor's Desk - Project 50% complete Project Tracking Database Charter Signed - 0 duration Score: 6/8 Response Not Meaningful Meaningful Milestone Meaningful Milestone Not Meaningful

9.
Some projects have a senior manager called a(n) ____ who acts as a key proponent for a project. Student Response A. champion B. coach C. sponsor D. advocate Score: 3/3

10.
A stakeholder analysis should not be part of the official project plans, which are normally available for all stakeholders to review. Student Response A. True

B. False Score: 2/2

11.
There are usually several versions of a scope statement, and each one becomes more detailed as the project progresses and more information becomes available. Student Response A. True B. False Score: 2/2

12.
A projects ____ addresses questions concerning what unique product, service or result should be delivered to a customer or sponsor. Student Response A. schedule B. scope C. time-frame D. cost Score: 3/3

13.
Identify whether each of the following knowledge areas are "core" or "facilitating": Statement risk management Response facilitating

time management core integration management neither procurement management facilitating human resource management facilitating database management neither quality management core scope management core technology management neither Score: 10/10

14.
After deciding which projects to pursue, organizations need to decide if it is advantageous to manage several projects together as part of a(n) ____. Student Response A. aggregate B. program C. cluster D. group Score: 3/3

15.
Project ____ management involves coordinating all the project management knowledge areas throughout a projects life span. Student Response A. union B. synthesis C. unification D. integration Score: 3/3

16.
Consider the 10 most important skills and competencies for effective project managers: Rank them in order of importance below (according to research by Jennifer Krahn): Statement Response 1. People skills 2. Leadership 3. Listening 4. Integrity 5. Trustworthy 6. Verbal communication 7. Team-building 8. Conflict-management 9. Critical thinking/Problem-solving 10. Understands and balances priorities Score: 10/10

17.
Tiger has to estimate how long it will take to delete all the text, voice, and email messages off all his phones, computers, and other devices. In a best case scenario, he figures he can clean his systems in 2 days. If things don't go well, it may take as long as 7 days, but it is most likely to take around 4 days. What is the PERT estimate for Tiger's task? Student Response A. 4.17 days B. 2.17 days C. 5.17 days D. 4 days

E. None of the above Score: 0/2

18.
The main planning tasks performed as part of project scope management include scope planning, scope definition, and ____. Student Response A. scope evaluation B. scope reduction C. creating the WBS D. scope expansion Score: 3/3

19.
Match the following definitions and examples with the appropriate terms: Statement a collection of projects or programs and other work grouped together to better manage that work to meet strategic business objectives a way to achieve a stated goal or objective that is recognized by industry as being optimal a group of projects managed in a coordinated way to obtain efficiencies and control not available from managing them individually a temporary endeavor undertaken to create a unique product, service, or result the analysis and balancing of project scope, time, and cost goals within defined limits Score: 10/10 Response portfolio best practice program

project triple constraint analysis

20.
The project team begins to develop a ____ by first clearly defining all the activities it needs to perform. Student Response A. charter B. schedule C. scope D. work flow diagram Score: 0/3

21.
Identify whether each of the following statements about project management are True or False: Statement The U.S. spent more money on projects in 1994 than in 2006, showing that projects are becoming more efficient Fishbone diagrams are essential when conducting a Critical Path Analysis The number of successful IT projects has more than doubled from 1994 to 2006 Make-or-buy analysis is one of the key tools used in the Cost Management knowledge area Earned Value Management is a core skill for the Cost Management knowledge area RACI Matrices are an effective way to prioritize project requirements In 2007, the average total annual compensation for a senior project manager in the U.S. was $134,422 The Manhattan Project is considered to be the first project to use "modern" project management It is not considered unethical for a project manager to accept an assignment for which he/she has no experience or qualifications Score: 5.555/10 Response True True True False True False True True False

22.
____ is a technique for making cost and schedule trade-offs to obtain the greatest amount of schedule compression for the least incremental cost. Student Response A. Crashing B. Deflating C. Compacting D. Minimizing Score: 3/3

23.
____ estimates involve estimating individual activities and summing them to get a project total. Student Response A. Bottom-up B. Provisional C. Ad hoc D. Temporary Score: 3/3

24.
To indicate that Task 2 can not start until Task 5 is completed _____. Student Response A. Enter 2 in the predecessor column of Task 5 B. Enter 2 in the successor column of Task 5 C. Enter 5 in the successor column of Task 2

D. Enter 5 in the predecessor column of Task 2 Score: 0/3

25.
____________________ involves estimating the internal costs of providing a product or service, and comparing that estimate to the cost of outsourcing. Student Response A. Supplier Evaluation matrices B. RFP (Request for Pricing) C. Procurement management plan D. Make-or-buy analysis E. RFP (Request for Proposals) Score: 2/2

26.
What was the first project to use "modern" project management in the development of the atomic bomb? Student Response 1. The Queens Project 2. The Manhattan Project 3. The Blair Witch Project 4. The Brooklyn Project Score: 2/2

27.
Match the definitions and examples with the terms below.

Statement A system for achieving business success based on understanding customer needs, using data and statistical analysis, and improving business processes. A document used to communicate the analysis that justifies the investment in a project. An organizational entity that centralizes project management practices in an organization and assists project managers. A document that formally (more or less) recognizes the legitimacy of a project and gives the PM authority to carry out the project. A documented description of the common understanding key stakeholders share regarding what the project is all about. Score: 10/10

Response Six Sigma

Business Case Project Management Office (PMO) Project Charter

Preliminary Scope Statement

28.
Which of the following is considered the "4th" constraint in the "Triple Constraint"? Student Response 1. Cost 2. Time 3. Quality 4. Scope Score: 2/2

29.
What does the acronym RUP stand for? Student Response A. Revised Untitled Product B. Rational Unified Process

C. Reversable Universal Planning D. Reasonable Unified Processes Score: 2/2

30.
The PMBOK Guide is a ____ that describes best practices for what should be done to manage a project. Student Response A. rule book B. standard C. protocol D. secondary authority Score: 3/3

31.
Match the following definitions/examples with the appropriate terms below: Statement A schedule compression technique where activities that are normally done in sequence are done in parallel. The amount of time that a task can be delayed (or start late) without delaying any successor tasks. A technique for making cost and schedule trade-offs to obtain the greatest schedule compression for the least incremental cost. Additional time added to a task estimate, or to the entire project, to account for various unexpected factors. The amount of time a task's finish date can be delayed without delaying a critical path successor task, and therefore, delaying the project's finish date. When resources are expected to work on more than one task during a given period of time. Response Fast Tracking Free Slack Crashing Buffer Total Slack

Multitasking

Score:

12/12

32.
Because many projects fail due to unclear requirements and expectations, starting with a project ____ makes sense. Student Response A. charter B. contract C. vision statement D. compact Score: 3/3

33.
Duration estimates are provided as a ____ number, such as four weeks; as a range, such as three to five weeks; or as a three-point estimate. Student Response A. continuous B. random C. fractional D. discrete Score: 3/3

34.
The tendency for a project to increase and expand in what it is trying to do is called _____________.

Student Response A. Gold-plating B. Incremental planning C. Progressive Elaboration D. Scope creep Score: 2/2

35.
A significant event in a project is defined as: Student Response A. Due date B. Activity sequence C. Milestone D. Dependency Score: 2/2

36.
Classify each of the following brand-name Project Management software tools according to functionality and price: Response MinuteMan Low-end MS Project 2007 Midrange VPMi Express Low-end Project Kickstart Midrange MS Enterprise Project Server 2007 High-end Excel (with various add-ins) Low-end Copper Midrange Score: 7.144/10 Statement

37.
What document can be created to help promote teamwork and clarify team communications? Student Response A. A project web site B. Team contract C. Team roster D. Team-building plan Score: 2/2

38.
Identify which of the following Procurement definitions or examples applies to which term: Statement estimating the internal costs of producing a product or service and comparing against the cost of outsource/procuring the product or service externally a solicitation for possible suppliers to provide proposals for how they might meet your need an agreement to pay the seller based partly on a fixed price and partly on variable costs incurred (typically for materials) funds specifically allocated to be set aside and held to be used to mitigate unforeseen cost or schedule overruns a description of the specific work to be purchased an agreement that involves paying the seller for direct and indirect actual costs incurred regardless of how they vary an agreement that involves paying the seller a lump sum, predetermined amount for a defined product or service a solicitation of specific bids from possible suppliers for specific work to be done Score: 10/10 Response make-or-buy analysis RFP time-and-material contract contingency reserves SOW cost-reimbursable contract fixed-price contract RFQ

39.
What is a project baseline? Student Response A. A starting point for a project B. The point where a team is chosen C. Stakeholder identification point D. Where senior managers begin thinking about possible projects Score: 2/2

40.
______________involve estimating individual activities and summing them to get a project total? Student Response A. Parametric modeling B. Bottom-up estimates C. Analogous estimates D. Top-down estimates Score: 2/2

41.
Match the following Scheduling examples and definitions with the appropriate terms: Statement Response a network diagramming method in which activities are represented by ADM arrows and connected at "nodes" a general principle that says work tends to expand to fill the time allotted Parkinson's to it law

a schedule compression technique in which activities that are normally fast tracking done in sequence are instead done in parallel the amount of time an activity may be delayed before it delays an total slack activity that is on the Critical Path when a resource works on more than one task during the same time multi-tasking period the amount of time an activity may be delayed without delaying a free slack succeeding activity the series of activities that constitutes the LONGEST path through the total slack network diagram a network diagramming technique in which boxes represent the tasks PDM and arrows represent directional progression and dependency relationships a general principle that says if it is possible for something to go wrong, it Murphy's will go wrong law the series of activities that determine the earliest time by which the critical path project can be completed a technique for making cost and schedule trade-offs to obtain the greatest crashing amount of schedule compression for the least cost the series of activities that have zero (0) slack critical path Score: 9.167/10

42.
___________is a time phased budget that project managers use to measure and monitor cost performance. Student Response A. Cost estimate B. Life cycle budget C. Cost baseline D. All of the above Score: 2/2

43.

The start-to-finish dependency is the most common dependency between activities. Student Response False Score: 1/1

44.
There is usually no cost or duration associated with a milestone. Student Response A. True B. False Score: 0/2

45.
Please identify at least one thing you like about this course that helps you learn effectively, and which should not be changed in the second half of the semester: Student Having more than one quiz per chapter. Response: Score: 0/0

46.
Please identify at least one thing you would like to see changed in this course that would help you learn more effectively for the second half of the semester: Student More description and update homework assignments. Some were seeming to Response: be outdated and didn't follow the book exactly.

Score:

0/0

47.
Consider how much you have learned and how much honest effort you have put into this course compared to other courses you have taken. Please indicate below what grade you feel you have earned so far in this class: Student Response A. A [94-100%] B. A- [90-93%] C. B+ [87-89%] D. B [84-86%] E. B- [80-83%] F. C+ [77-79%] G. C [74-76%] H. C- [70-73%] I. Lower than C- [69% or less] Score: New score: 0/0 0/0 This score has been adjusted by the grader.

1.
A(n) ____ is a document in which sellers describe what they will do to meet the requirements of a buyer. Student Value Response A. proposal 100% B. charter C. schedule Correct Answer Correct.

Feedback

D. draft Score: 2/2

2.
Project ____ management involves generating, collecting, disseminating, and storing project information. Student Value Response A. information B. communications 100% C. data D. media Score: 2/2 Correct Answer Correct.

Feedback

3.
According to Dr. Robert Kaplan and Dr. David Norton, the balanced scorecard rejects all traditional financial measures. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

4.
The benefits and control that are possible by managing projects as part of a program include all of the following EXCEPT____.

Student Value Response A. increasing 100% suppliers' autonomy B. increasing authority C. saving money D. saving time Score: 2/2

Correct Answer Correct.

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5.
Which of the following is a key output of project procurement management? Student Value Response A. quality metrics B. quality checklists C. contract 100% statements of work D. project Web site Score: 2/2 Correct Answer

Feedback

Correct.

6.
In general, the majority of a projects time and budget is spent on project ____.

Student Value Response A. planning B. execution 100% C. review D. duplication Score: 2/2

Correct Answer Correct.

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7.
____ motivation causes people to do something for a reward or to avoid a penalty. Student Value Response A. Derived B. Intrinsic C. Extrinsic 100% D. Primary Score: 2/2 Correct Answer

Feedback

Correct.

8.
Suppose that a project has a Budget at Completion (BAC) of $1,000,000 and a Cost Performance Index (CPI) of 1.05. What is the cost Estimate at Completion (EAC)? Student Value Response A. $952,381 100% B. $1,000,000 C. $1,086,957 D. $1,100,000 Score: 2/2 Correct Answer Correct.

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9.
Nonverbal communications, such as a persons tone of voice and body language, are often more important than the words being used. Student Value Response 100% A. True B. False Score: 2/2 Correct Answer Correct.

Feedback

10.
Place the steps of the "Four-Stage Planning Process for Project Selection" in their proper order below: Statement 1. 2. 3. 4. Score: Response Strategic Planning Business Area Analysis Project Planning Resource Allocation Value Correct Match 25.0% Strategic Planning 25.0% Business Area Analysis 25.0% Project Planning 25.0% Resource Allocation

10/10

11.
PMI defines a project ____ as an uncertainty that can have a negative or positive effect on meeting project objectives. Student Value Response A. hazard B. danger 100% C. risk Correct Answer

Feedback

Correct.

D. challenge Score: 2/2

12.
The ____ mode can be viewed as the win-lose approach to conflict resolution. Student Value Response 100% A. forcing B. compromising C. negotiating D. bargaining Score: 2/2 Correct Answer Correct.

Feedback

13.
Which of the following portfolio management tasks should occur first? Student Value Response A. prioritize projects on a list B. put all projects into one list C. divide projects into investment categories 100% D. put all projects in Correct Answer

Feedback

Correct.<br/><br/>

one list Score: 2/2

14.
According to the ____ value of money, a dollar today is worth more than a dollar tomorrow. Student Value Response A. financial 100% B. time C. economic D. discretionary Score: 2/2 Correct Answer Correct.

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15.
The main goal of programs is to obtain benefits and control not available from managing projects separately. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

Feedback

16.
After thoroughly evaluating a supplier, many organizations summarize evaluations using a supplier ____ matrixa type of weighted scoring model.

Student Value Response A. survey B. evaluation 100% C. construction D. review Score: 2/2

Correct Answer Correct.

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17.
Blake and Mouton (1964) delineated ____ basic modes for handling conflicts. Student Value Response A. four 100% B. five C. six D. seven Score: 2/2 Correct Answer Correct.

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18.
A(n) ____ cause is the real or underlying reason a problem occurs. Student Value Response A. secondary B. indirect C. envisioned 100% D. root Score: 2/2 Correct Answer

Feedback

Correct.<br/><br/>

19.
In the context of earned value management, ____ are calculated by subtracting the actual cost or planned value from EV, and indexes are calculated by dividing EV by the actual cost or planned value. Student Value Response A. fluctuations B. valuations C. variances 100% D. deviations Score: 2/2 Correct Answer

Feedback

Correct.

20.
Suppose that after one week of work, the earned value is $4000 and the planned value is $5000. What is the value of the schedule performance index (SPI)? Student Value Response A. 75% 100% B. 80% C. 120% D. 125% Score: 2/2 Correct Answer Correct.

Feedback

21.
The main monitoring and controlling task performed as part of project time management is ____ control.

Student Value Response A. document B. employee C. schedule 100% D. scope Score: 2/2

Correct Answer

Feedback

Correct.

22.
Which of the following actions will most likely improve team productivity? Student Value Response A. Ensure that social events are mandatory and include a business-related goal. B. Expand the size of work teams to over seven members. C. Reduce the amount of attention paid to virtual team members. 100% D. Acknowledge individual and group accomplishments. Score: 2/2 Correct Answer

Feedback

Correct.<br/><br/>

23.

There is usually no cost or duration associated with a milestone. Student Value Response 100% A. True B. False Score: 2/2 Correct Answer Correct.

Feedback

24.
The confrontation mode of conflict resolution is best used when both the task and the relationship are of low importance. Student Value Response A. True 100% B. False Score: 2/2 Correct Answer Correct.

Feedback

25.
A project ____ chart is a graphic representation of how authority and responsibility is distributed within the project. Student Value Response A. RACI 0% B. planning C. stakeholder D. management Score: 0/2 Correct Answer Incorrect.

Feedback

26.
Suppose that the purchase price for a piece of equipment is $12,000, with operational costs of $400 per day. If the same equipment can be leased for $800 per day (inclusive of operational costs), after how many days will the lease cost equal the purchase cost? Student Value Response A. 10 B. 15 100% C. 30 D. 60 Score: 2/2 Correct Answer

Feedback

Correct.

27.
Rank order the following levels of project portfolio management from simplest to most complex: Statement Response 1. Create one inventory of all projects 2. Prioritize all projects 3. Categorize all projects into investment categories 4. Automate the list of all projects 5. Analyze all projects using modern portfolio theory Score: 10/10 Value Correct Match 20.0% Create one inventory of all projects 20.0% Prioritize all projects 20.0% Categorize all projects into investment categories 20.0% Automate the list of all projects 20.0% Analyze all projects using modern portfolio theory

28.
By adding all of the ____ for all project activities, you can determine how the project as a whole is performing and forecast both when it will be completed and how much it

will cost at completion. Student Value Response 100% A. earned values B. actual costs C. planned values` D. cost variances Score: 2/2 Correct Answer Correct.

Feedback

29.
The project manager ultimately decides what level of quality is acceptable. Student Value Response A. True 100% B. False Score: 2/2 Correct Answer Correct.

Feedback

30.
The ____ rate is also called the capitalization rate or opportunity cost of capital. Student Value Response A. prime B. markup C. cash flow D. discount 100% Correct Answer

Feedback

Correct.<br/><br/>

Score:

2/2

31.
____ period is the amount of time it will take to recoupin the form of net cash inflowsthe total dollars invested in a project. Student Value Response A. Return B. Payback 100% C. Accrual D. Residual Score: 2/2 Correct Answer Correct.

Feedback

32.
A(n) ____ scoring model is a tool that provides a systematic process for selecting projects based on many criteria. Student Value Response A. weighted 100% B. biased C. variable D. opportunity Score: 2/2 Correct Answer Correct.

Feedback

33.
Three primary methods for determining the projected financial value of projects include net present value analysis, return on investment, and ____ analysis.

Student Value Response A. growth 100% B. payback C. environmental impact D. efficiency Score: 2/2

Correct Answer Correct.

Feedback

34.
You must save a MS Project file as a baseline in order to us a Tracking Gantt Chart properly. Student Value Response A. True 0% B. False Score: 0/2 Correct Answer Incorrect.

Feedback

35.
The main goal of team development is to release competitive energies in order to improve project performance. Student Value Response A. True 100% B. False Score: 2/2 Correct Answer Correct.

Feedback

36.
If you do not have a good baseline or actual scope, time, and cost information, you cannot use earned value management. Student Value Response 100% A. True B. False Score: 2/2 Correct Answer Correct.

Feedback

37.
Match the following Project Selection definitions and examples with the appropriate terms: Correct Match 11.11% payback period Value 11.11% ROI

Statement the amount of time it will take to recoup (in net cash inflows) the total dollars invested in a project the ratio of benefits minus costs, divided by costs a technique that provides a systematic process for selecting projects based on numerous (not just financial) criteria a methodology that converts an organization's strategic value drivers into a series of defined metrics to be used in driving tactical alignment with strategic objectives the discount rate that results in a NPV of zero (0) the percentage rate used in discounting future cash flows a calculation of the expected net monetary gain or loss from a project, with all expected future cash inflows and outflows discounted to

Response payback period ROI

weighted 11.11% weighted scoring model scoring model Balanced Scorecard 11.11% Balanced Scorecard

IRR discount rate NPV

11.11% IRR 11.11% discount rate 11.11% NPV

current amounts the total amount (including the return) that might otherwise be available by investing a project's capital elsewhere a shorthand multiplier for each year that is based on the discount rate and year Score: 10/10

opportunity 11.11% opportunity cost of capital cost of capital discount factor 11.12% discount factor

38.
In the context of a SWOT analysis for a business venture in the film industry, which of the following represents an opportunity? Assume that four individuals are involved in the business venture. Student Value Response A. There is high risk in the film business. B. The group has numerous industry contacts. C. Two individuals have strong sales skills. D. The film 100% industry continues to grow. Score: 2/2 Correct Answer

Feedback

Correct.<br/><br/>

39.

Which of the following formulas is used by Excel to calculate NPV? Student Value Response A. =npv() B. =npv(range of cash flows) C. =npv(discount 100% rate, range of cash flows) D. =npv(discount rate) Score: 2/2 Correct Answer

Feedback

Correct.

40.
If the benefit for a given year is $75,000 and the associated discount factor is .79, the discounted benefit is ____. Student Value Response A. $59,250 100% B. $75,000 C. $94,937 D. $150,000 Score: 2/2 Correct Answer Correct.

Feedback

41.
After deciding which projects to pursue, organizations need to decide if it is advantageous to manage several projects together as part of a(n) ____.

Student Value Response A. aggregate B. program 100% C. cluster D. group Score: 2/2

Correct Answer Correct.

Feedback

42.
A project portfolio ____ map compares relative value to project risk. Student Value Response A. venture B. viability 100% C. risk D. value Score: 2/2 Correct Answer

Feedback

Correct.

43.
Most crucial projects, such as drug development or major transportation projects, will achieve payback in less than a year. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

44.

Which of the following is NOT an example of an opportunity identified by a potential business? Student Value Response A. A current client has mentioned a large project she would like the company to bid on. 100% B. Other individuals or companies can provide the same services. C. The industry continues to grow. D. There are two major conferences this year where the company could be promoted. Score: 2/2 Correct Answer

Feedback

Correct.

45.
Studies show that one of the main reasons people quit their jobs is because they feel

they do not make a difference. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

Feedback

46.
Please complete the Student Evaluations of Instruction with regard to this course. Your feedback is essential for us to make decisions about which aspects of this course to retain, what to improve, and how to administer this course. In addition, please consider how much you have learned and how much honest effort you have put into this course compared to other courses you have taken. Indicate below what grade you feel you have earned so far in this class: Student Value Response A. A [94100%] B. A- [90- 100% 93%] C. B+ [8789%] D. B [8486%] E. B- [8083%] F. C+ [7779%] G. C [7476%] H. C- [7073%] I. Lower than CCorrect Answer

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[69% or less] Score: 0/0

1.
Scope ____________________ involves formal acceptance of the completed project scope by the project sponsor or designated stakeholders. Student Response 1. verification Score: 1/1 Value Correct Answer 100% Equals verification (100%)

2.
In the columns to the left of the tracking Gantt chart, you can display baseline and actual start and finish dates. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

Feedback

3.
The main communications management tasks performed as part of monitoring and controlling include performance reporting and managing ____________________. Student Response Value Correct Answer

1. stakeholders Score: 1/1

100%

Equals stakeholders (100%)

4.
A(n) ____ log is a tool used to document and monitor the resolution of project issues. Student Value Response A. event 100% B. issue C. problem D. running Score: 1/1 Correct Answer Correct.

Feedback

5.
Pareto analysis is sometimes referred to as the ____ rule, meaning that 80 percent of problems are often due to 20 percent of the causes. Student Value Response 100% A. 80/20 B. 20/20 C. 20/80 D. 80/80 Score: 1/1 Correct Answer Correct.

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6.
The main monitoring and controlling tasks performed as part of project ____ management include monitoring and controlling project work and performing

integrated change control. Student Value Response A. integration 100% B. scope C. time D. cost Score: 1/1 Correct Answer Correct.

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7.
Different cultures and even entire countries have different attitudes about schedules. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

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8.
After the project work is delivered to the customer, sponsor, or user, the project manager decides if it is acceptable. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

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9.

It is not possible for project managers to observe and discuss the work of virtual workers. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

10.
The main human resource management task performed as part of monitoring and controlling a project is managing the project ____, which, of course, is no small task. Student Value Response A. sponsors B. clients 100% C. team D. supplies Score: 1/1 Correct Answer

Feedback

Correct.

11.
Suppose that after one week of work, the earned value is $4000 and the actual cost is $4500. What is the value of the cost performance index (CPI)? Student Value Response A. 60% B. 70% C. 80% D. 88.89% 100% Correct Answer

Feedback

Correct.<br/><br/>

Score:

1/1

12.
You may only use earned value management at a summary level. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

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13.
Suppose that a project has a budget of completion (BAC) of $1,000,000 and a cost performance index (CPI) of 1.05. What is the cost estimate at completion (EAC)? Student Value Response A. $952,381 100% B. $1,000,000 C. $1,086,957 D. $1,100,000 Score: 1/1 Correct Answer Correct.

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14.
A(n) ____________________ Gantt chart compares planned and actual project schedule information. Student Response Value Correct Answer

1. tracking Score: 1/1

100%

Equals tracking (100%)

15.
A key output of schedule control is ____________________ measurements. Student Response 1. performance Score: 1/1 Value Correct Answer 100% Equals performance (100%)

16.
Experienced managers and buyers rely solely on color indicators to monitor project progress. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

17.
The dimension of the Myers-Briggs team-building tool that deals with peoples attitudes toward structure and deadlines is ____. Correct Answer Correct.

Student Response Value A. Judgment/Perception 100% (J/P)

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B. Extrovert/Introvert (E/I) C. Sensation/Intuition (S/N) D. Thinking/Feeling (T/F) Score: 1/1

18.
By adding all of the ____ for all project activities, you can determine how the project as a whole is performing and forecast both when it will be completed and how much it will cost at completion. Student Value Response 100% A. earned values B. actual costs C. planned values` D. cost variances Score: 1/1 Correct Answer Correct.

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19.
Contract updates are often made by having both partiesthe buyer and the sellersign a(n) ____ to the contract. Student Value Response A. addendum 100% B. revision Correct Answer Correct.

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C. alteration D. appendix Score: 1/1

20.
The main project quality management task for monitoring and controlling quality is ____________________ control. Student Response 1. quality Score: 1/1 Value Correct Answer 100% Equals quality (100%)

1.
The schedule section of a project management plan lists the planned cost for key deliverables. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

2.
Project managers can tailor the format of issue logs as needed. Student Value Response 100% A. True Correct Answer Correct.

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B. False Score: 1/1

3.
A(n) ____ event is a specific, uncertain event that may occur to the detriment or enhancement of the project. Student Value Response A. issue 100% B. risk C. work D. workaround Score: 1/1 Correct Answer Correct.

Feedback

4.
____ are oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order. Student Value Response A. Change reports B. Constructive 100% change orders C. Consecutive orders D. Consecutive variation reports Score: 1/1 Correct Answer

Feedback

Correct.

5.
An example of scope control is a practice some parents follow when their children get married. They provide a fixed budget for the wedding and honeymoon and let the couple decide how to spend it. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

Feedback

6.
When conflicts arise that could affect the project schedule, the project manager must alert top management and work with them to resolve the conflicts. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

Feedback

7.
Even if a project manager does not provide official project ____ for team members, it is still important to provide timely performance feedback. Student Value Response A. conflict Correct Answer

Feedback

reports B. issue dictionaries C. performance 100% appraisals D. schedule logs Score: 1/1

Correct.

8.
____ describe what the project team has accomplished during a certain period. Student Value Response A. Forecasts B. Progress 100% reports C. Status logs D. Service reports Score: 1/1 Correct Answer Correct.

Feedback

9.
It is usually unnecessary to have a face-to-face or phone meeting at the start of a virtual project or when introducing a virtual team member. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

10.
The PMBOK Guide does not include monitoring and controlling outputs. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

11.
Even when the project scope is fairly well defined, many projects suffer from ____, which is the tendency for project scope to grow bigger and bigger. Student Value Response 100% A. scope creep B. scope filling C. scope mounting D. scope rush Score: 1/1 Correct Answer Correct.

Feedback

12.
Software packages, such as ____, have many cost-management features to help you enter budgeted costs, set a baseline, calculate variances, and run various cost reports.

Student Value Response A. Autodesk 0% Project B. Microsoft Project 2003 C. Perfect Project 2003 D. Power Project Score: 0/1

Correct Answer Incorrect.

Feedback

13.
The risk register must be constantly updated as part of project monitoring and control. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

Feedback

14.
You may assume that work will run smoothly when you hire a reputable supplier. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

15.
Monitoring and ____ involves regularly measuring progress to ensure that the project is meeting its objectives and addressing current business needs. Student Value Response A. collaborating B. controlling 100% C. executing D. handling Score: 1/1 Correct Answer Correct.

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16.
The ____ is the ratio of actual work completed to the percentage of work planned to have been completed at any given time. Student Value Response A. actual cost (AC) B. earned value (EV) C. planned value (PV) 100% D. rate of performance (RP) Score: 1/1 Correct Answer

Feedback

Correct.<br/><br/>

17.
Some projects leaders who encounter major problems, especially quality problems,

blame those problems on poor cost control. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

Feedback

18.
Flowcharts are histograms that can help you identify and prioritize problem areas. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

19.
Microsoft Project 2003 includes activity reports to show ____ and "slipping tasks" to quickly identify problem areas. Student Value Response A. "should alter tasks" B. "should have reviewed tasks" C. "should 100% have started Correct Answer

Feedback

Correct.

tasks" D. "should review tasks" Score: 1/1

20.
A ____ is a graphic display of data that illustrates the results of a process over time. Student Value Response A. causeandeffect diagram B. control 100% chart C. Pareto chart D. run chart Score: 1/1 Correct Answer

Feedback

Correct.

Every project should have procedures to guide closure. Correc Student Valu t Feedbac Respons e Answe k e r True 100 Correct. A. % B. False Score 1/1 :

2.
OPM3 lists ____ best practices, which PMI says are achieved through developing and consistently demonstrating their supporting capabilities, as observed through measurable outcomes. Corre Student Valu ct Respons Feedback e Answe e r A. 100 B. 200 C. 350 586 100 Correct.<br/><br D. % /> Score 1/1 :

3.
Contracts are legally binding agreements. Student Correct Value Feedback Response Answer 100% Correct. A. True B. False Score: 1/1

4.
A best practice is a(n) ____ way recognized by industry to achieve a stated goal or objective. Student Correct Value Feedback Response Answer 100% Correct. A. optimal B. suboptimal

C. targeted D. inefficient Score: 1/1

5.
Two tools to assist in contract closure are ____ audits and a records management system. Student Correct Value Feedback Response Answer A. dispatch B. supply Correct. C. procurement 100% D. acquisition Score 1/1 :

6.
Outputs from ____ closure include updates to organizational process assets and closed contracts. Student Correct Value Feedback Response Answer Incorrect. A. project 0% B. training C. charter D. contract Score: 0/1

7.
OPM3 and similar maturity models include questionnaires that help organizations determine their maturity levels in project, program, and portfolio management.

Student Correct Value Feedback Response Answer 100% Correct. A. True B. False Score: 1/1

8.
OPM3 defines ____________________ project management as the systematic management of projects, programs, and portfolios in alignment with the achievement of strategic goals. Student Response

Value Correct Answer

Equals 1. organizational 100% organizational (100%) Score: 1/1

9.
Part of the underlying thesis of the maturity model on which the OPM Baseline Study is based is that improved process capabilities will result in improved project ____. Student Correct Value Feedback Response Answer A. execution Correct. B. delivery 100% C. initiation D. review Score: 1/1

10.
To ____ a project, you must finalize all activities and transfer the completed or

canceled work to the appropriate people. Student Correct Value Feedback Response Answer 100% Correct. A. close B. initiate C. audit D. assess Score: 1/1

11.
A(n) ____________________ management system provides the ability to easily organize, find, and archive procurement-related documents. Student Value Response 1. records Score: 1/1 100%

Correct Answer Equals records (100%)

12.
Best practices are organized into three levels: project, program, and ____. Student Correct Value Feedback Response Answer A. task B. work unit Correct. C. portfolio 100% D. module Score: 1/1

13.
Which of the following is a category under

portfolio best practices? Correc Valu t Feedbac e Answe k r 0% Incorrect.

Student Response Project A. initiation process standardizatio n B. Project plan development process measurement C. Portfolio risk management planning process improvement. D. Project scope definition process improvement Score 0/1 :

14.
A(n) ____________________ model is a framework for helping organizations improve their processes and systems. Student Value Response 1. maturity Score: 1/1 100%

Correct Answer Equals maturity (100%)

15.
According to Robert Butrick, every project

should be closed to make sure that all work ceases, that lessons are learned, and that remaining resources are released for other purposes. Student Correct Value Feedback Response Answer 100% Correct. A. True B. False Score: 1/1

16.
____________________ audits are often performed during contract closure to identify lessons learned in the entire procurement process. Student Value Response 1. procurement 100% Score: 1/1

Correct Answer Equals Procurement (100%)

17.
When developing a transition plan, the project team should exclude managers in affected operating departments. Student Correct Value Feedback Response Answer A. True 100% Correct. B. False Score: 1/1

18.
____________________ closure involves completion and settlement of contracts, and

resolution of any open items. Student Value Response 1. contract Score: 1/1 100%

Correct Answer Equals Contract (100%)

19.
According to Robert Butrick, you should only engage stakeholders in the last stage of a project. Student Correct Value Feedback Response Answer A. True 100% Correct. B. False Score: 1/1

20.
The contract itself should exclude requirements for formal acceptance and closure. Student Correct Value Feedback Response Answer A. True 100% Correct. B. False Score: 1/1

Every project should have procedures to guide closure. Student Value Response Correct Answer

Feedback

A. True B. False Score: 1/1

100%

Correct.

2.
A question-and-answer format is inadequate for a lessons-learned report. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

3.
The initial process in project procurement management is closing the contract, or contract closure. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

4.
If you cannot manage projects well, you cannot manage programs or portfolios well either.

Student Value Response 100% A. True B. False Score: 1/1

Correct Answer Correct.

Feedback

5.
____ involves gaining stakeholder and customer acceptance of the final products and services, and bringing the project to an orderly end. Student Value Response 100% A. Closing projects B. Controlling projects C. Executing projects D. Monitoring projects Score: 1/1 Correct Answer Correct.

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6.
____ describe the methodology for making sure that the contract has been completed, including both delivery of goods and services, and payment for them. Student Value Response A. Administrative closure procedures 100% B. Contract closure Correct Answer

Feedback

Correct.

procedures C. Final closure procedures D. Organizational closure procedures Score: 1/1

7.
A ____ is often an automated system, or at least partially automated, because there can be a large amount of information related to project procurement. Student Value Response A. financial system B. lessonslearned report C. procurement audit 100% D. records management system Score: 1/1 Correct Answer

Feedback

Correct.<br/><br/>

8.
Capabilities are ____ that lead to best practices, and outcomes are the results of applying capabilities. Student Value Response A. incremental Correct Answer

Feedback

stairs B. ascending guides C. incremental 100% steps D. ruling steps Score: 1/1

Correct.

9.
Most ____ produce results that are integrated into the existing organizational structure. Student Response 1. projects Score: 1/1 Value Correct Answer 100% Equals projects (100%)

10.
When developing a transition ____, the project team should work with managers in affected operating departments, and the contents should be tailored to fit the support needs of the project. Student Response 1. plan Score: 1/1 Value Correct Answer 100% Equals plan (100%)

11.
The contract itself should include requirements for formal acceptance and ____. Student Response Value Correct Answer

1. closure Score: 1/1

100%

Equals closure (100%)

12.
Best practices are organized into three levels: project, program, and ____. Student Response 1. portfolio Score: 1/1 Value Correct Answer 100% Equals portfolio (100%)

Some projects have a senior manager called a(n) ____ who acts as a key proponent for a project. Student Value Response A. champion 100% B. coach C. sponsor D. advocate Score: 2/2 Correct Answer Correct.

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2.
Some organizations initiate projects using a simple letter of ____, whereas others use much longer documents or formal contracts. Student Response A. concord B. agreement Correct Answer Correct.

Value 100%

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C. understanding D. recognition Score: 2/2

3.
A crucial part of the project charter is the ____ section, where key project stakeholders sign the document to acknowledge their agreement on the need for the project. Student Value Response A. membership B. revision 100% C. sign-off D. acknowledgement Score: 2/2 Correct Answer

Feedback

Correct.

4.
Typically included in the project charter, the ____ section describes how the project objectives will be met, provides a list of important assumptions, and often gives references to related documents. Student Value Response A. Roles and Responsibilities B. Comment C. Budget Information 100% D. Approach Score: 2/2 Correct Answer

Feedback

Correct.<br/><br/>

5.
A ____ is a product or service produced or provided as part of a project. Student Value Response A. process B. result C. deliverable 100% D. requirement Score: 2/2 Correct Answer

Feedback

Correct.

6.
It is helpful to create a ____, or initial, scope statement during project initiation so that the entire project team can start important discussions and work related to the project scope. Student Value Response A. tentative B. provisional C. preliminary 100% D. categorical Score: 2/2 Correct Answer

Feedback

Correct.

7.
There are usually several versions of a scope statement, and each one becomes more detailed as the project progresses and more information becomes available. Student Value Response Correct Answer

Feedback

A. True B. False Score: 2/2

100%

Correct.

8.
Most time and money is normally spent on ____ because that is where the projects products and/or services (for example, the buildings for a construction project, the training courses for a training project, and so on) are produced. Student Value Response A. monitoring B. executing 100% C. controlling D. planning Score: 2/2 Correct Answer Correct.

Feedback

9.
A business ____ is a document that provides justification for investing in a project. Student Value Response A. blueprint B. template 100% C. case D. charter Score: 2/2 Correct Answer

Feedback

Correct.

10.

The PMBOK Guide is a ____ that describes best practices for what should be done to manage a project. Student Value Response A. rule book B. standard 100% C. protocol D. secondary authority Score: 2/2 Correct Answer Correct.

Feedback

1.
A standard is a document that provides justification for investing in a project. Student Value Response A. True 100% B. False Score: 2/2 Correct Answer Correct.

Feedback

2.
Instead of project charters, some organizations initiate projects using a simple ____, whereas others use much longer documents or formal contracts. Student Value Response A. fax B. folder 100% C. letter of agreement Correct Answer

Feedback

Correct.

D. phone conversation Score: 2/2

3.
Identify whether each of the following statements about initiating projects is True or False: Correct Match False False True

Statement The PMBOK Guide is both a project management standard and a methodology Creating a WBS is a key element of Scope Management that occurs as part of Initiating processes Performance reporting is a Communications Management process that occurs during project Monitoring The RFP process for Procurement is best carried out during project Planning Qualitative Risk Analysis is done during Planning and is preparatory for Quantitative Risk Analysis during Execution "Alpha" project managers are more successful because they spend 13% more time during Execution, when it counts Quality control takes place as part of the Monitoring processes, whereas Quality Assurance occurs as part of Planning processes DMAIC is one of two specific project management methodologies in the PRINCE2 Framework Score: 6/16

Response Value True False True 0.0% 12.5% 12.5%

False True

12.5% 0.0%

False False

True

0.0%

False

False

0.0%

True

True

0.0%

False

1.

The main groupings for the work in a WBS chart are listed in the second tier of boxes, called level ____. Student Value Response A. 0 B. 1 100% C. 2 D. 3 Score: 2/2 Correct Answer

Feedback

Incorrect.

2.
Tasks in a WBS that are decomposed into smaller tasks are called ____ tasks. Student Value Response A. micro B. tentative C. summary 100% D. definitive Score: 2/2 Correct Answer

Feedback

Correct.

3.
What is the PERT weighted average based on an optimistic estimate of 6 days, a most likely estimate of 8 days, and a pessimistic time of 12 days? Student Value Response A. 6 100% B. 8 C. 11 Correct Answer Correct.

Feedback

D. 12 Score: 2/2

4.
A(n) ____ path for a project is the series of activities that determine the earliest time by which the project can be completed. Student Value Response A. integral B. incidental C. critical 100% D. vital Score: 2/2 Correct Answer

Feedback

Correct.

5.
Slack or ____ is the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date. Student Value Response A. leeway 100% B. float C. redundancy D. space Score: 2/2 Correct Answer Correct.

Feedback

6.
____ estimates, also called top-down estimates, use the actual cost of a previous,

similar project as the basis for estimating the cost of the current project. Student Value Response A. Homologous B. Analogous 100% C. Sequential D. Parallel Score: 2/2 Correct Answer Correct.

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7.
____ estimates involve estimating individual activities and summing them to get a project total. Student Value Response A. Bottom-up 100% B. Provisional C. Ad hoc D. Temporary Score: 2/2 Correct Answer Correct.

Feedback

8.
Scope statements should include, at a minimum, a description of the project, including its overall objectives and justification; detailed descriptions of all project ____; characteristics and requirements of products and services produced as part of the project; and project success criteria. Student Value Response A. stakeholders B. volunteers Correct Answer

Feedback

C. meetings D. deliverables 100% Score: 2/2

Correct.<br/><br/>

9.
After you determine the reason for a dependency between activities, you must determine the type of dependency. Student Value Response 100% A. True B. False Score: 2/2 Correct Answer Correct.

Feedback

10.
The critical path is the shortest path through the network diagram. Student Value Response A. True 100% B. False Score: 2/2 Correct Answer Correct.

Feedback

1.
A significant event in a project is defined as: Student Value Response Correct Answer

Feedback

A. Due date B. Activity sequence C. Milestone 100% D. Dependency Score: 2/2

2.
The amount of time an activity may be delayed without delaying a succeeding activity. Student Value Response A. Feeding buffer 100% B. Slack or float C. Multitasking D. Precedence diagramming Score: 2/2 Correct Answer

Feedback

3.
What document can be created to help promote teamwork and clarify team communications? Student Value Response A. A project web site 100% B. Team contract C. Team roster Correct Answer

Feedback

D. Teambuilding plan Score: 2/2

4.
Project teams create what to coordinate all other project plans? Student Value Response A. Scope management 100% B. Project Management Plan C. Cost management D. Time management Score: 2/2 Correct Answer

Feedback

5.
It is important to mark the date and version number on the project management plan to avoid confusion. Student Value Response 100% A. True B. False Score: 2/2 Correct Answer Correct.

Feedback

6.
The approved project scope statement and its associated WBS and WBS dictionary form the cost baseline. Student Value Response A. True 100% B. False Score: 2/2 Correct Answer Correct.

Feedback

7.
It is good practice to use more than one approach for creating a cost estimate. Student Value Response 100% A. True B. False Score: 2/2 Correct Answer Correct.

Feedback

8.
The ____ is a document that divides the work required for the project into discrete tasks, and groups those tasks into a logical hierarchy. Student Value Response A. scope management plan B. scope statement Correct Answer

Feedback

C. WBS D. WBS dictionary Score: 2/2

100%

Correct.

9.
____ involves doing activities in parallel that you would normally do in sequence. Student Value Response A. Fast tracking 100% B. Project buffering C. Task implementing D. Work packaging Score: 2/2 Correct Answer Correct.

Feedback

10.
____ involve(s) estimating individual activities and summing them to get a project total. Student Value Response A. Analogous estimates B. Bottom- 100% up estimates C. Parametric modeling D. Top-down Correct Answer

Feedback

Correct.

estimates Score: 2/2

1.
Project communications management will deliver a risk-related contractual agreement. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

2.
A single project can have many different checklists. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

Feedback

3.
A staffing management plan describes how human resources will be acquired, trained, rewarded, and reassigned after the project, and so on. Student Value Response 100% A. True Correct Answer Correct.

Feedback

B. False Score: 1/1

4.
A project Web site will usually be open to outside users in its entirety. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

5.
Risk management planning excludes procurement-related topics, such as preparing riskrelated contractual agreements. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

Feedback

6.
A weighted scoring model provides a systematic process for selection based on numerous criteria. Student Value Response Correct Answer

Feedback

A. True B. False Score: 1/1

100%

Correct.

7.
Which item is an output of the project human resource management knowledge area? Student Value Response A. contract statement of work B. risk-related contractual agreement 100% C. staffing management plan D. supplier evaluation matrix Score: 1/1 Correct Answer

Feedback

Correct.

8.
____ means that the project's processes and products meet written specifications. Student Value Response A. Conformance 100% to requirements B. Project quality Correct Answer Correct.

Feedback

management C. Quality management D. Quality metrics Score: 1/1

9.
In addition to using a ____ to assign detailed work activities, you can use a RAM to define general roles and responsibilities on projects. Student Value Response A. RAC chart 100% B. RAM C. WBS D. WBS dictionary Score: 1/1 Correct Answer

Feedback

Correct.

10.
The communications management plan should address ____. Student Value Response A. a quality management plan B. a staffing management plan 100% C. escalation Correct Answer

Feedback

Correct.

procedures for resolving issues D. responsibility assignment matrices Score: 1/1

11.
The risk register often includes ____. Student Value Response A. an impact matrix B. a rank for each 100% risk event C. fallback plans D. roles and responsibilities Score: 1/1 Correct Answer

Feedback

Correct.

12.
An RFP usually includes ____ and schedule information. Student Value Response A. contingency allowance B. RFQ C. risk register D. statement 100% of work Correct Answer

Feedback

Correct.<br/><br/>

Score:

1/1

13.
A supplier evaluation matrix is an output of project ____ management. Student Response 1. procurement Score: 1/1 Value Correct Answer 100% Equals procurement (100%)

14.
Quality ____ involves designing quality into the products of the project as well as the processes involved in managing the project. Student Response 1. planning Score: 1/1 Value Correct Answer 100% Equals planning (100%)

15.
You can create resource histograms using ____ or project management software. Student Response 1. spreadsheets Score: 1/1 Value Correct Answer 100% Equals spreadsheets (100%)

16.

Many experts agree that the greatest threat to the success of any project is a failure to ____. Student Response 1. communicate Score: 1/1 Value Correct Answer 100% Equals communicate (100%)

17.
Project managers should include clauses in ____ to help manage project risks. Student Response 1. contracts Score: 1/1 Value Correct Answer 100% Equals contracts (100%)

18.
A contract ____ should describe all services required and include performance information, such as the location and timing of the work. Student Response 1. SOW Score: 1/1 Value 100% Correct Answer Equals SOW (100%) Equals statement of work (100%)

1.
Some organizations, including Global Construction, use RACI chartsa type of responsibility assignment matrix that shows Responsibility, ____, Consultation, and Informed roles for project stakeholders.

Student Value Response A. Allowance B. Analysis C. Accountability 100% D. Assignment Score: 2/2

Correct Answer

Feedback

2.
Project ______________ management involves generating, collecting, disseminating, and storing project information. Student Value Response A. media B. information C. communications 100% D. data Score: 2/2 Correct Answer

Feedback

3.
The risk register often includes ____. Student Value Response A. an impact matrix B. a rank for each 100% risk event C. fallback plans D. roles and responsibilities Correct Answer

Feedback

Correct.

Score:

2/2

4.
#3 A _____________ describes when and how people will be added to and taken off of a project. Student Value Response 100% A. Staffing Management Plan B. Project Organizational chart C. Responsibility Assignment Matrix D. Resource Histogram Score: 2/2 Correct Answer

Feedback

5.
Project ____ management ensures that the project will satisfy the stated or implied needs for which it was undertaken. Student Value Response A. integration 100% B. quality C. portfolio D. performance Score: 2/2 Correct Answer Correct.

Feedback

6.
A Risk Management Plan documents the procedures for managing risk throughout the project life. Student Response Value True 100% True Score: 1/1 Correct Answer

7.
_______________ refer(s) to specific, uncertain event that may occur to the detriment or enhancement of the project. Student Value Response A. Risk Triggers B. Risk Metrics C. Risk Events 100% D. Risk Probabilities Score: 2/2 Correct Answer

Feedback

8.
Which of the following is a key output of project procurement management? Student Value Response A. quality metrics Correct Answer

Feedback

B. quality checklists C. contract 100% statements of work D. project Web site Score: 2/2

Correct.

9.
__________________ absorb the least risk using Fixed-Price contracts. Student Value Response A. Project Managers B. Customers 100% C. Suppliers D. SubContractors Score: 2/2 Correct Answer

Feedback

10.
You can help identify the root cause of problems by creating a cause-and-effect or ____ diagram. Student Value Response 100% A. fishbone B. event C. results D. deterministic Correct Answer Correct.

Feedback

Score:

2/2

11.
Cost of providing a work space for workers, office furniture, electricity and salaries for people working directly on a project are all part of _________________. Student Value Response A. Fixed-price contract B. Time and materials contract 100% C. Costreimbursable contract D. Statement of Work (SOW) Contract Score: 2/2 Correct Answer

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12.
___________________ is a description of the work that is to be purchased and should be included with the RFP to clarify the work that needs to be performed. Student Value Response A. Statement 100% of Work (SOW) B. Request for Quote (RFQ) Correct Answer

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C. Request for Information (RFI) D. Request for Proposal (RFP) Score: 2/2

13.
A(n) ____ histogram is a column chart that shows the number of resources required for or assigned to a project over time. Student Value Response 100% A. resource B. requirements C. allocation D. assignment Score: 2/2 Correct Answer Correct.

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1.
A process for handling changes should be defined during project ____ as part of the project management plan. Student Value Response A. deployment B. initiation C. execution 0% D. planning Score: 0/1 Correct Answer

Feedback

Incorrect.

2.
With the ____________________ mode, project managers use a give-and take approach to resolve conflicts, bargaining and searching for solutions that will bring some degree of satisfaction to all the parties in a dispute. Student Response 1. compromise Score: 1/1 Value Correct Answer 100% Equals compromise (100%)

3.
The knowledge areas of scope, time, cost, and risk management have tasks directly related to project execution. Student Value Response A. True 100% B. False Score: 1/1 Correct Answer Correct.

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4.
How many communication channels do four people require? Student Value Response A. two B. four C. six 0% D. ten Correct Answer

Feedback

Incorrect.<br/><br/>

Score:

0/1

5.
The ____ mode can be viewed as the win-lose approach to conflict resolution. Student Value Response 100% A. forcing B. compromising C. negotiating D. bargaining Score: 1/1 Correct Answer Correct.

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6.
Research poses the theory that in a face-to-face interaction, ____ percent of communication is through body language. Student Value Response A. 7 B. 35 100% C. 58 D. 85 Score: 1/1 Correct Answer

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Correct.

7.
____________________ -and-effect diagramsalso called fishbone diagrams (because their structure resembles a fishbone) or Ishikawa diagrams (named after their founder)can assist in ensuring and improving quality by finding the root causes of

quality problems. Student Response 1. cause Score: 1/1 Value Correct Answer 100% Equals Cause (100%)

8.
____________________ is the matching of certain behaviors of another person. Student Response 1. mirroring Score: 1/1 Value Correct Answer 100% Equals Mirroring (100%)

9.
According to Stephen Covey, when you practice sharpening the saw, you take time to renew yourself physically, spiritually, mentally, and socially. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

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10.
According to David McClelland, people with a high need for ____ desire harmonious relationships with other people and need to feel accepted by others.

Student Value Response A. isolation B. assurance C. affiliation 100% D. solitude Score: 1/1

Correct Answer

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Correct.

11.
____________________ is the concept that the whole is equal to more than the sum of its parts. Student Response 1. synergy Score: 1/1 Value Correct Answer 100% Equals Synergy (100%)

12.
A contract is a mutually binding agreement that obligates the seller to provide the specified products or services, and obligates the buyer to pay for them. Student Value Response 100% A. True B. False Score: 1/1 Correct Answer Correct.

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13.
Frederick Brooks very clearly illustrates the concept that people are interchangeable parts.

Student Value Response A. True 100% B. False Score: 1/1

Correct Answer Correct.

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14.
Which of the following practices is a component of project integration management? Student Value Response 100% A. Break the rules when needed. B. Create the organizational chart. C. Create the project charter. D. Form the project team. Score: 1/1 Correct Answer Correct.

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15.
According to Frederick Herzberg, a(n) ____ factor is a basic necessity, such as airconditioning during hot weather. Student Value Response A. motivational 100% B. hygiene Correct Answer Correct.

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C. environmental D. incidental Score: 1/1

16.
Key concepts related to dealing with people in a work setting include ____, influence, and effectiveness. Student Value Response A. motivation 100% B. intimidation C. association D. verification Score: 1/1 Correct Answer Correct.

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17.
Psychologist David Merril, who helped develop the Social Skills Profile, categorizes four approximate behavioral profiles, or ____________________. Student Response 1. zones Score: 1/1 Value Correct Answer 100% Equals zones (100%)

18.
In the Tuckman model of team development, the ____________________ stage involves the breakup of the team after they successfully reach their goals and complete the work.

Student Response 1. adjourning Score: 1/1

Value Correct Answer 100% Equals adjourning (100%)

19.
According to the research of Fast Company, which of the following is one of the three top reasons that people voluntarily leave their job? Student Value Response A. They are learning too many new things. B. They are growing into their position. 100% C. They do not feel they make a difference. D. They get proper recognition. Score: 1/1 Correct Answer

Feedback

Correct.

20.
The least desirable approach for handling conflict is the withdrawal mode. Student Value Response 100% A. True Correct Answer Correct.

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B. False Score: 1/1

1.
Which of the following is NOT a phase of team development? Correct Answer

Student Response A. Adjourning B. Escalating C. Storming D. Performing E. Norming

Value 100%

2.
If teamwork is the essential goal, project managers should not reward people who work overtime just to get extra pay or because of their own poor work or planning. Correct Answer

Student Response A. True B. False

Value 100%

3.
____, such as a person's tone of voice and body language, are often more important than the words being used. Correct Answer

Student Response

Value

A. Formal Communications B. Informal Communications C. Nonverbal communications D. Volatile Communications

100%

4.
Which of the following generates ideas for quality improvements by comparing specific project practices or product characteristics to those of other projects or products within or outside of the organization? Correct Answer

Student Response A. Brainstorming B. Synergizing C. Fishbone diagramming D. Boilerplating E. Benchmarking

Value

100%

5.
Ishikawa diagrams are named after the company that first used them. Correct Answer

Student Response A. True B. False

Value 100%

6.
For handling conflicts, which mode may be appropriate when both the task and the relationship are of low importance?

Student Response A. confrontation mode B. forcing mode C. smoothing mode D. withdrawal mode

Value

Correct Answer

100%

7.
Reviewers often follow a more detailed proposal evaluation process for sellers who make the ____, often checking their references, requesting special presentations, or having them provide sample products. Correct Answer

Student Response A. minimal list B. short contract C. short list D. top reviewers

Value

100%

8.
Like Brainstorming, Groupthink is a group decision-making technique where a group of people get together to form a solution to a problem. Student Response Value False 100% False Correct Answer

9.
Which of the following is NOT one of the five Blake and Mouton Modes for handling

conflict? Correct Answer

Student Response A. Confronting B. Forcing C. Immersing D. Smoothing E. Withdrawing

Value

100%

10.
Which of the following is NOT part of Maslows hierarchy of needs? Correct Answer

Student Response A. Physiological needs B. Need for Achievement C. Self Actualization D. Safety needs E. Esteem needs

Value 100%