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Category > Business & Finance Posted 03 Apr 2020 My Price 20.00

BUS 375 Final Exam Sophia

Which of the following describes the Comparison method of budgeting?



Provides a short cut for developing the budget



Sets a cost for each project activity



Does not include variations or changes in the budget



Does not include overhead costs

Which of the following must occur for a gate to be passed?



Evaluate team members



Test all deliverables



Gain consent to move forward



Advise all stakeholders

Which of the following is an example of team accountability?



Tim approved a change request submitted by the project manager.



Deborah completed the necessary website edits by the assigned deadline.



Jerry made sure his deliverable met quality standards.



Sara collaborated with Jerry to meet the new requirement for his deliverable.

Which of the following is the correct reason the team is released as the last step in the closing process?



You may need them to sign off on deliverable.



You may need team members to meet with the project sponsor to gain approval.



You may need team members to help in the transfer of ownership.



You cannot release them until they have another project assignment.

Which of the following budget methods provides a quick start to the budget development process?



Roll-up



Reserves



Actual



Comparison

A Work Breakdown Structure (WBS) identifies deliverables, activities, and tasks.

Which statement describes a task?



A list that identifies the logical way to progress through work



Tangible and measurable outcome expected from a project



Work performed to complete or manage the deliverables for a project



Discrete work required to complete parts of a project

Which of the following assists a project manager in communicating in a concise manner with stakeholders?



Know which documents to provide after a meeting



Know the audience and its information needs



Know when the audience is available to communicate



Know the need to use text during presentations

Select the item below that would be reviewed at the transfer meeting.



Risks related to the project deliverables



Project budget and timeline



Governance for implementing deliverables



Stakeholders' expectations

An artist Rita hired for the main performance backed out last minute. Her second choice was available but wanted $2,000 more than she had allocated in the project budget.

Which of the following will Rita likely do in this situation?



Gain approval from the project sponsor to pay the artist $2,000 more



Hire the artist and notify the project sponsor of her decision



Decide to cancel the concert, because her first choice was not available



Gain approval from stakeholders to pay the artist $2,000 more

If Olivia managed a project to create a new advertising campaign for a client and estimated the price for purchasing three new licenses for graphic development software, which of the following estimate types did she make?



Resource



Process



Cost



Time

Select one reason a project is likely to suffer from scope creep.



A project manager does not define the goals of the project clearly during the planning phase.



Overhead costs were not included in the project budget.



Some team members spent too much time or effort to complete tasks.



The project deliverables do not meet quality standards or expectations.

Project activities that generate time overruns require a project manager to begin performing which of the following?



Team member management



Scope additions



Communication adjustments



Change management

Which of the following is an example of an operation?



Reorder building materials and supplies



Create an advertising campaign



Construct an apartment complex



Develop a new training course

Which of the following would be considered a tangible benefit of a small business's project to evaluate possible store locations with the intention of moving to a new location based on the project results?



More square footage for inventory storage



More prestigious neighborhood image



Better relationships with vendors



Safer environment for customers and employees

There are several factors that impact a project schedule.

How is the factor of time defined?



The number of days or weeks needed to complete an activity



The ratio of cost to speed needed to complete an activity



The number of people needed to complete an activity



Only the hours spent working on an activity

Which document below is used by a project manager to analyze performance expectations and quality when monitoring project progress?



Scope



Schedule



Budget



Network diagram

Which scenario illustrates a project process failure?



The project sponsor is not affected by the problem that is the focus of the project.



The project loses a key funding source.



A piece of equipment is more expensive than estimated.



The project manager fails to use an appropriate methodology.

Which activity would Trina perform in Phase 3 of a project to create a plant nursery at a local hardware store?



Develop the work breakdown structure.



Manage changes to the deliverables.



Create an estimated timeline for completion.



Verify deliverables are complete.

Which of the following is an example of a Community/Non-Profit project?



Managing a city planning project.



Create a website to sell maps of city neighborhoods.



Manage a fundraising event for a school club.



Oversee a government research project to analyze air and water quality.

Which of the following is true regarding an individual evaluation?



It is based on completion of assigned tasks.



It is not shared with the individual.



It is used to evaluate group problem-solving.



It is used to evaluate schedule progress.

Which item below would NOT be warehoused for a project?



Project schedule



Meeting notes



Lessons learned



Risks logs

Which of the following responsibilities is performed by a project manager?



Manages the overall direction of a group of related projects



Manages the day-to-day operations of a business



Manages a set of deliverables, budget, and team members



Holds the ultimate decision making authority within the project

Select the item below that is NOT described in a project schedule.



Order of project work



Time required to complete work



Quality requirements for completed work



People performing the project work

Which of the following is true regarding classifying and recording risks?



Risks are initially identified during the Planning Phase of a project.



A low probability risk has little negative effect on the success of a project.



The risk register should be updated as a project progresses.



Contingencies are needed for all identified risks.

Which of the following is an example of a change in scope for a project?



Features of a deliverable are changed



Price increase on a resource



Defects discovered in a deliverable



Delay in production of an item

In which of the following ways does assigning people to tasks relate to the schedule?



The schedule should be created after the tasks are assigned.



The schedule describes the responsibilities of each team member.



The schedule includes performance expectations for team members.



The schedule should be created before the tasks are assigned.

An artist Rita hired for the main performance backed out last minute. Her second choice was available but wanted $2,000 more than she had allocated in the project budget.

Which of the following will Rita likely do in this situation?



Gain approval from the project sponsor to pay the artist $2,000 more



Decide to cancel the concert, because her first choice was not available



Hire the artist and notify the project sponsor of her decision



Gain approval from stakeholders to pay the artist $2,000 more



Which of the following questions should a project manager ask when evaluating project readiness?



Where will the organization transfer team members?



Will the organization realize the expected advantages when the project is implemented?



Will the deliverables meet the specified requirements?



How will ownership of the deliverables be transferred to the organization?

Project documents are warehoused for which of the following reasons?



To document project management policy changes



To access past project information as needed



To document employee evaluations



To adhere to corporate privacy and tax laws



Which statement describes a resource estimate?



Sets periods for each project phase



Used for setting project plan deadlines



Used to determine talent needed for a project



Expenses not allocated in the project budget



Which item in the scope document can be used to develop the key question, "How?"



Objectives



Estimates



Governance



Requirements



Kyle is considering the costs to clean up the local beach after an oil spill.

Which of the following statements is true about the budgeting process for the beach cleanup project?



All cleanup tools will be paid for directly by the budget.



Vendor expenses for removing the waste must be in the budget.



The scope document is not referred to during the budgeting process.



Budgeting for effort includes the cost for all cleanup equipment.



Which of the following items would Renee complete in Phase 4 of the project life cycle if she was planning a project to organize a vacation package for a group of retirees?



Renee conducts a post-vacation survey to learn which hotels the travelers liked best.



Renee resolves issues with date conflicts when making hotel reservations.



Renee assigns a team member to rent a charter bus.



The stakeholders tell Renee their goals for the vacation.



Which of the following is an example of a project?



A company designing a new automobile



A business paying invoices



IT staff performing weekly database maintenance



A company manufacturing clothes



Which of the following is the least likely reason for failure of Stacey's construction project if several stakeholders involved in the project were unable to agree on the final design of the deliverables?



Problems with communications



Problems with project participants



Problems with unforeseeable circumstances



Problems with the project process

Which of the following is included in a change request?



The project sponsor and stakeholder expectations



A description of project elements impacted by the change



A most recent copy of scope document



An updated version of the risk register



A project manager wishes to control how communication is received.

Which communication medium below should be used to share a large amount of information with team members and stakeholders?



Documentation



Presentation



Meeting



Who of the following provides approval for a project?



All stakeholders



Individuals with sign-off authority



Key decision makers



The project manager



Which of the following are considered only people project resources?



Equipment, project manager, vendors



Project support staff, software developer, equipment vendor



Project support staff, software developer, machinery



Project manager, software, equipment vendor



Which example below is information that would be provided in a resource plan?



The project cannot extend beyond six months



New software is needed to organize the project data



Project stakeholders expect monthly status reports



A competitor is developing a similar product



Which of the following is included in a business case for a project?



Requirements



Expectations



Benefits



Risks



Which of the following is a common reason for an area to be red in a dashboard?



Risk identification



Effort estimation



Budget concerns



Approved changes



Which question corresponds to a project outcome expectation?



What advantages will result from the project?



Who will make decisions during the project?



What do stakeholders believe is provided by the project?



Who should be informed as the project proceeds?

What is the appropriate response to a risk that is coded yellow?



Do nothing so as to not exacerbate the risk.



Take action to prevent the risk from impeding the project.



Monitor closely to reevaluate the probability of occurrence.



Accept the fact the risk may occur.



Paul followed through for his team when he said he would bring them warm drinks and a portable heater if the weather on their outdoor project turned cold.

This situation illustrates which of the following motivation elements?



Keeping promises



Informing team members



Providing feedback



Being accessible



Which of the following is the first step in creating a WBS?



Verify that the work has been properly sequenced



Identify all activities needed for the project



Refer to the scope to identify the deliverable



Identify all tasks needed to make the work manageable



Which method below may be used to file project documentation in a consistent manner?



Require copies of files to be given to each stakeholder.



Require the files to use the same naming convention for every project.



Require project sponsor to sign off on each file stored for every project.



Require the same number of files to be stored for every project.



Which of the following is true regarding team evaluations?



Based on expectations established during project



Used to provide negative feedback to the group



Used as a part of an annual performance review



Based on specific quality standards for deliverables

If a project manager increases resources to get a project that is behind schedule back on track, which of the following will likely increase as well?



Budget allocations for resources



Likelihood of risks



Number of requirements for a deliverable



Impact of risks



Which of the following is NOT a formal, required step but is often performed during the closing process?



Assessing the team



Recording feedback from team members



Celebrating project completion



Evaluating achievement of project benefits



Answers

SmartExpert

(118)

Status NEW Posted 03 Apr 2020 05:04 PM My Price 20.00

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