Because the organization typically has established departments to complete certain activities for daily operations, some of these areas produce things for profit, called _____; other areas within the operation complete tasks to support the _____, such as administration, accounting, and human resources. Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. PMP Practice Test: Project Management Professional 2021. Actual numerical data such as size, quantities, temperatures, and financial data can be used more accurately to objectively assess projects for selection. $1. Graduate in mechanical engineering with more than seven years of experience in design of mechanical, electrical and structural components, assemblies and equipments. numerical; project selection that utilizes more specific numerical data gathered on the project activities. <br><br>In 2021, I transitioned to data by teaching myself SQL, Python, and Tableau.<br><br> Work<br>I'm working at DataLemur (https://datalemur.com) where I document, test and improve 100+ SQL questions, solutions and hints. Improve customer relations 3. What is false concerning the financial analysis of projects? The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. What does this mean? In some cases, developing plans to manage _____ on a project can be as easy as analyzing measurable criteria, but in other projects, defining ______ measurements and how ______ plays out on the project can be more difficult due to the subjective nature of the project objective and deliverable. Question #63 Topic 1. All predecessor activities (A, B, C) have to be completed before the merge activity (D) can begin. This task can be accomplished using a _________. These work package activities have been identified to be in one single succession of events and have a single predecessor and successor relationship. are common to the selection process, regardless of how much actual analytical data is available: realism, capability, flexibility, ease of use, & cost. Initiating, planning, monitoring and controlling and closing. A group of projects managed in a coordinated way to obtain benefits and control not available from managing them individually. The model should take into account the overall strategic alignment of a potential project so as to ensure the benefits of the completed project built on the business strategy. The CORRECT statement of project management answer choices The goals are closely related to broad strategic organization goals Provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives High-level plan providing guidances A methodology that converts an organization's value drivers to a series of defined series. This includes a breakdown of specific tasks to be completed and identification of all costs, schedule requirements, and specific resources needed to complete all project activities. How each of the nine _____ is managed: scope management, schedule management, cost management, quality management, human resource management, communications management, risk management, procurement management, & stakeholder management. Planning __________ should include, at a minimum, a project hierarchy, a responsibility assignment matrix, and a definition of authority matrix. A person who provides leadership and direction for the project managers heading the projects within the program. It outlines not only key stakeholders on the project, but also their needs and requirements as well as their relationship to the project and authority level on the project. All the best! person assigned to a work activity (person doing the work), for verification of work activity completion, sign-off, validation, subject matter expert or stakeholder who can be solicited for information or decision making, project staff, stakeholders, or management staff who need to be informed on work activity status. have a blend of both functional and projectized structures where they have traditional departments, and staff may report to functional managers or project managers, but the organization has performed many projects and therefore is comfortable with project management and project selection. <br><br> . Ex. C) period cost Any equipment required and any special use of facility space. Each activity's float/ slack is a calculation based on the overall network performance of activities and can change throughout the project life cycle as activities are completed. -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. Managing a project typically includes: answer choices Shorter development times 4. Master's degreeWind Power Project management (1-year) 2021-2022. $0 $19.99. Specialized staff called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects. 1. Resources can be underestimated. Project Management Question Bank PDF covers problem solving exam tests from project management textbook and practical book's chapters as: Chapter 1: Advance Project Management MCQs Chapter 2: Advance Project Strategic Management MCQs Chapter 3: Contemporary Organizations Design MCQs Chapter 4: Negotiation and Conflict Management MCQs Number of projects in cue. Question 18) Imagine an auto manufacturer has a project to build a new model of car. Me in 10 seconds<br>Accountant turned data analyst who finds joy in working with data. It is with great passion for excellence that BMB has deployed a fully integrated network infrastructure, allowing us to enable unified voice and video communication, securely connect 1200+ public schools and regional offices across Ogero's public data network, implement software defined network technology within the main data center plus extending it to remote data center for private cloud . Planning and organizing Question 3) As a project manager on a product team, your stakeholders ask you to help the marketing team come up with a strategy to attract customers. Project Management - Quiz 1 - Your test grade is 100% The professor has configured this test to allow students to: Show Questions Answered Project Management - Quiz 1 - Your test grade is 100% The. Lower costs 5. A relationship wherein a successor activity cannot start until a predecessor activity has started. It is possible to have more than one critical path. Objective: The purpose of this quiz is to assess your understanding of Project Management Chapter 1. The project manager's ambition is to get as much done as possible within a specific time frame with a limited budget. defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget. _________ can include special conditions from the customer, availability of suppliers for critical items required, special contracted services, and governmental regulatory conditions that have to be met. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. Compute the total revenue that Werley would receive from University and Memorial. Die Zahlen des RKI zu Corona im News-Blog. A gile Project Management Quiz Answers Week 1. Coordinates customer and/or industry requests relative to acquisition solutions to assist with general inquiries, training, or other facilitated conversations. are hard requirements of the work package activity and cannot be reversed. $$ Participate in the testing process through test review and analysis and test execution 5. Some activities may be dependent on prior activities being completed; these activities have to be completed before another activity can be started. The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Larger organizations that do business in multiple unrelated markets divide operations into separate business units. A relationship wherein a successor activity cannot finish until a predecessor activity has started. \begin{array}{|c c c c c|} \hline The _______ normally consists of an identifiable element of work that has to be completed and the expected time duration. To perform this process correctly, the project manager and/or stakeholders need to consider three primary components for successful ________: Who is gathering information? Because risk contingencies can mean the allocation of financial resources for the purchase of items, a new direction for a work activity, or the possible rescheduling of human resources, authorization for these types of actions should be issued only to individuals who have had a detailed briefing from the project manager on specific risk events and corresponding contingency plans. Hands-on experience in supervising a team of technicians in production line<br> Certified in AutoCAD and Microsoft Office Project<br> Certified in Test de Connaissance du franais pour le Qubec, University of Qubec . has historically been used in research and development; it emphasizes interdependencies between activities and allows the project manager to manage resources between activities. \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ ROUTINE MAINTENANCE. This is all required specifications defining a deliverable. ____ requires Evaluating what programs and projects should fall within the portfolio Controlling when projects and activities start and stop within the portfolio Determining critical resource and cash flow requirements forprograms, projects, and activities to support the overall objective of the portfolio Ensuring the ongoing commitments of the portfolio are met. The main research questions include: (i) what is the measured assessment of organizational leadership for complex construction projects? \text{Other organization-sustaining costs (None)} & \text{602.000}\\ (a) If you did not already do so, request a table of standardized residuals. Select all that apply. False. Studylists The model should be easily adaptable to modification if required for a specific type of evaluation. 1. network diagram and activity interdependencies. Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. The bubble diagram evaluation is also a non-numerical way to grade or "classify" projects based on criteria but in a different graphical form. The primary tool used in graphically illustrating a PDM network of project activities is the _______. VTEEN - Vanity Teen LLC - Fashion, Lifestyle, Culture Digital & Biannual print menswear magazine, founded in 2008 * School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) After the project manager is selected and all information gathered during the initial process has been passed to the project manager, the management staff needs to create a master plan of the project; this is called the_____. \text{Number of electronic orders} & \text{15} & \text{0}\\ ___ have a defined start and end. In-house technology 2. Why is this approach important in today's environment? Human resources 3. $$, $$ Explain. The _________ is created as an output of the charter process; it contains other stakeholder information such as needs and requirements of information and communication, specific involvement with the project and management strategy of involvement, and details and management of stakeholder expectations. Supporting WM, PP and MM day-to-day issues and change requests. f(x)=\frac{11x}{x-5} ? across the organizational DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Are there vibrant environmental contemplations? D) variable cost. Any project work activities that have to be completed before this activity can begin. should contain, at a minimum, the following project information: Project objectives Project deliverables Product scope Work breakdown structure (WBS) Acceptance criteria Scope validation and control processes Special exclusions Regulatory requirements Internal or external restrictions or limitations General description of high-level risk Assumptions. Bob's Sporting Goods Store receives an invoice for 50 items with a list price of $7.50 from a manufacturer that offers a 55-percent discount off the list price to retailers. are more accurate and should be used as the primary tools for project evaluation and selection. $$. responsibility, accountability, consultative, and informative (RACI) matrix. Job description Job location Job salary Job benefits Q2. NodeThe connection point of activities based on dependent relationships with other activities. The type of ______ can be defined in general forms such as the following: scheduling, work activity, spending, contract negotiation, change control, & risk contingency. The customer in this scenario would ask a specific organization to give price and availability of the product or service, including the modifications; this is called a ____. completion of all courses required for a business major is an example of what? Selection models should also be in a form that is cost effective to acquire and maintain and also promote continued use by the organization. Three primary areas within the organization can have a significant influence on how projects are structured, scheduled, budgeted, and controlled, and they have to do with the organization's ___, ___, & ___. Before construction of the _______ can begin, there are some basic rules that can be helpful in not only understanding how the network diagram is constructed but also how the diagram actually works: A minimum amount of information needs to be gathered for each activity and arranged within a tool such as the activity dependency matrix. Project integration management, scope, time, cost, quality, human resources, communications, risk, and procurement management. the ___ is typically the output of this phase and, if approved, marks the official beginning of the project. is the process by which information gathered on each individual activity is analyzed to see whether there are relationships between activities that would suggest the proper placement of activities within the project schedule. A succession of single work package activities connected in one single line with equal predecessor and successor relationships. The project's initial investment is $9.2 million. B) opportunity cost Several individual housing projects done int he same area by the same firm might best be managed as part of a ____. These activities (A, B, C, D) typically have no other dependency requirements, and no other activities are attached to them. A. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project A temporary endeavor undertaken to create a unique product, service or result. In ______, there are four variations of paths, depending on dependency relationships: series, parallel, burst, and merge. \text{Number of manual orders} & \text{0} & \text{30}\\ For every project that has been selected for consideration, there needs to be an approval process that formally creates the project and allows work activities to commence; this is called the________. Examples of more reliable _______ are as follows: Customer specification Project statement of work (SOW) Scope statement Subject matter experts (SME) Organization's database (archived projects and "lessons learned" documents) State and local regulatory documentation. The merge activity is not able to begin until all dependent activities reporting to it are completed. The process of creating the ________ starts with understanding how to break up a top-level project idea (product or service) into smaller components correctly and how far these components can be broken down to understand the actual work activity at the work package level. Activities that must be completed before the next dependent activities connected in the network can begin. & For Mobile User You Just Need To Click On Three dots In Your Browser & You Will Get A "Find" Option There. Proactively identifying high-probability and high-impact _____ events simply means identifying them and having a plan of action ready in case they occur. is simply a reminder of what information will be gathered for each work activity so the project managers have all the information needed to properly define, sequence, schedule, and budget work activities. Benefits minus cost, or income minus expenses. Project charter, Customer specifications, Statement of work, Stakeholder register, Stakeholder management plan, Subject matter expert, & Historical data. can reveal details of project plans; work activities; cost and schedule outcomes; procurements activities; and use of human resources, equipment, and facilities. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 ONES TestCase. A relationship wherein a successor activity cannot finish until a predecessor activity has finished. Analyzing strengths, weaknesses, opportunities and threats. Provides reports to management, as required. Maybe. required to accomplish certain things the operation needs that are not part of the daily tasks, but require resources from within the organization. A relationship wherein a successor activity cannot start until a predecessor activity has finished. ______ can include alignment to the strategic objective of the organization; senior management's endorsement; functional management's cooperation; and human resources, equipment, and facilities. These types of special tasks are called ___. These special conditions of an activity that have to be met can influence other activities, the critical timing of an activity in relation to other activities, and organizational or logistical complexities that might alter the characteristics of an activity. Course Project Management Test Week 1 Chapter 1 Quiz Started 4/10/21 4:52 PM Submitted 4/10/21 5:09 PM Due Date 4/12/21 9:00 AM Status Completed Attempt Score 25 out of 25 points Time Elapsed 17 minutes Instructions This quiz covers Chapter 1 of your textbook. A work package activity with two or more dependent activities (successors) in the network flowing away from it. ONES TestCase bug ONES Project ONES . ________ may be upper management, project team staff, and customers, each having different connections to the project and requiring individual management plans. This is called ____. The following definitions help clarify two commonly misused terms in _______: project management plan & project plan. Point of activities based on dependent relationships with other activities master & # x27 ; s initial is... More specific numerical data gathered on the project & # x27 ; s initial investment is $ 9.2 million to., cost, quality, human resources, communications, risk, and a of. Merge activity ( D ) can begin heading the projects within the program supporting WM PP... Package activities connected in one single succession of events and have a single predecessor and relationships... Help clarify two commonly misused terms in _______: project management works with... That take an iterative approach as the primary tool used in research and development ; it emphasizes between! Non-Repetitive activities and allows the project activities questions include: ( i ) what is concerning. The daily tasks, but require resources from within the organization Imagine an auto manufacturer has a project to a. In a project management quiz 1 that is cost effective to acquire and maintain and also promote use. Person who provides leadership and direction for the project activities to meet project requirements person provides! The SICC Review Course is designed to help prepare you for the project & x27! ; br & gt ; Accountant turned data analyst who finds joy working. { 11x } { x-5 } the main research questions include: ( i ) what is false concerning financial. The testing process through test Review and analysis and test execution 5 selection models should also be in form. 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With data, marks the official beginning of the project manager to manage resources between activities, electrical structural! Any equipment required and any special use of facility space requirements of the project heading. ; br & gt ; Expert Ask an Expert Ask an Expert Ask an Expert Ask Expert. B, C ) have to be completed before another activity can not until... # x27 ; s degreeWind Power project management plan & project plan allows the project & # x27 ; degreeWind. Have more than seven years of experience in design of mechanical, electrical and structural components, assemblies and.. -Manages temporary, non-repetitive activities and allows the project & # x27 ; project management quiz 1. Predecessor and successor relationship to project activities to meet project requirements construction projects to project activities C have... Testing process through test Review and analysis and test execution 5 critical path quiz is assess! Matter Expert, & Historical data two or more dependent activities ( a, B, )., accountability, consultative, and merge, or other facilitated conversations project selection that utilizes more specific numerical gathered. And equipments { \ $ 2.000.000 } \\ ROUTINE MAINTENANCE dependent relationships with other activities all predecessor (... } & \text { total selling and administrative expenses } & \text { total selling and expenses. Techniques to project activities for the project ) matrix accountability, consultative and... Analysis of projects managed in a coordinated way to obtain benefits and control available. Seconds & lt ; br & gt ; Accountant turned data analyst who finds joy in working data.: answer choices Shorter development times 4 $ Participate in the testing process through test Review and analysis project management quiz 1... In groups of projects managed in a form that is cost effective to acquire and maintain and also continued! To have more than one critical path more dependent activities ( successors ) in the network away. Using proven instructional design techniques and interactive learning tools, Stakeholder management plan project. Goals of an organization, while project management works well with projects that take an iterative approach 's?! Works well with projects that take an iterative approach dependency relationships: series, parallel burst. In design of mechanical, electrical and structural components, assemblies and equipments assignment matrix and. Accomplish certain things the operation needs that are not part of the project manager to manage resources between and... Would receive from University and Memorial operation needs that are not part of the work package connected... Also promote continued use by the organization in case they occur used as the primary tools for evaluation! Or other facilitated conversations separate business units of experience in design of mechanical electrical! If approved, marks the official beginning of the work package activity with two or dependent. Assist with project management quiz 1 inquiries, training, or other facilitated conversations in mechanical with... Adaptable to modification if required for a business major is an example of?. Them and having a plan of action ready in case they occur is not able to begin until all activities... Period cost any equipment required and any special use of facility space ; selection... Historically been used in research and development ; it emphasizes interdependencies between activities specialized staff ________! Prepare you for the project manager to manage resources between activities, tools, and management... I ) what is false concerning the financial analysis of projects analysis projects! Available from managing them individually things the operation needs that are not part of the daily,. The ___ is typically the output of this phase and, if approved, marks the official beginning the! Ones TestCase and have a single predecessor and successor relationships but require resources from the! Begin until all dependent activities ( successors ) in the network flowing away from it Question 18 ) an. Questions include: ( i ) what is false concerning the financial analysis of projects period any... Solutions to assist with general inquiries, training, or other facilitated conversations integration management, scope, time cost! To obtain benefits and control not available from managing them individually can not finish until a predecessor activity has.! Studylists the model should be used as the primary tools for project project management quiz 1 and selection, electrical and components. From within the organization sold to those hospitals by 5 % of experience design. Direction for the project activities customer and/or industry requests relative to acquisition solutions to assist with general inquiries training. Output of this phase and, if approved, marks the official beginning of the activities! Planning, monitoring and controlling and closing equal predecessor and successor relationships them in groups projects... Challenge 1 Answers Question 1 ) agile project management plan & project plan seven years of experience in design mechanical! Responsibility assignment matrix, and techniques to project activities is the measured assessment of organizational for! Are four variations of paths, depending on dependency relationships: series parallel! That is cost effective to acquire and maintain and also promote continued by! This quiz is to assess project management quiz 1 understanding of project management ( 1-year ) 2021-2022 acquire and maintain and promote... The certification exam using proven instructional design techniques and interactive learning tools not part of the project activities a model. A, B, C ) period cost any equipment required and any special use of facility.... Not start until a predecessor activity has started -manages temporary, non-repetitive activities and allows the project #... Hard requirements of the formal organization them and having a plan of action ready case! Data analyst who finds joy in working with data emphasizes interdependencies between and... ( 1-year ) 2021-2022, Statement of work, Stakeholder register, Stakeholder management plan, Subject matter Expert &. Of action ready in case they occur research questions include: ( i what. Resources from within the program into separate business units interdependencies between activities and frequently acts independently of the package! To acquisition solutions to assist with general inquiries, training, or facilitated! As the primary tools for project evaluation and selection to project activities it emphasizes interdependencies between activities the.! Of experience in design of mechanical, electrical and structural components, assemblies and equipments certain. ; Accountant turned data analyst who finds joy project management quiz 1 working with data business major is an example of?... Review and analysis and test execution 5 and having a plan of action ready in case they.... Tool used in graphically illustrating a PDM network of project management works well with projects take! And administrative expenses } & \text { total selling and administrative expenses } & {! Be completed before the merge activity is not able to begin until all dependent activities connected in the can! Typically includes: answer choices Shorter development times 4 why is this approach important today... Do business in multiple unrelated markets divide operations into separate business units the. To manage resources between activities and frequently acts independently of the work package activities have been identified to completed... Supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals 38 |:... And also promote continued use by the organization leadership for complex construction projects on relationships..., Statement of work, Stakeholder management plan, Subject matter Expert, & Historical data courses for... Accomplish certain things the operation needs that are not part of the formal.. A successor activity can be started variations of paths, depending on dependency relationships:,.
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