Liberty BUSI680 2020 February All Quizzes Latest

BUSI680 Advanced Project Management Part 1

Quiz 1

Question 1Which of the following represents the correct order of stages within the project life cycle?

Question 2Project management is important to understand when people are a part of a project team because they

Question 3Project governance does NOT include

Question 4A professional organization for project management specialists is the

Question 5Strategic plans should be written by one group of managers, projects should be selected by another group, and projects should be implemented by another group.

Question 6Which of the following statements is true?

Question 7Project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation and repeatability.

Question 8The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms.

Question 9Which of the following activities is the best example of a project?

Question 10Because of the requirement for in-depth expertise, project management is generally restricted to specialists.

Question 11Which of the following is NOT one of the driving forces behind the increasing demand for project management?

Question 12One of the most significant driving forces behind the demand for project management is the ever increasing lengthening of the product life cycle.

Question 13In the _____________ stage of the project life cycle the project’s schedule and budget will be determined.

Question 14Which dimension of project management centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project?

Question 15Since a construction company builds many buildings, the buildings built after the first do not fit the definition of a project.

Question 16A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a

Question 17In the _____________ stage of the project life cycle you are more likely to find status reports, changes, and the creation of forecasts.

Question 18A major portion of the project work, both physical and mental, takes place during the production stage of the project life cycle.

Question 19Projects should align with the organization’s overall strategy in order to

Question 20In the _____________ stage of the project life cycle, project objectives are established, teams are formed, and major responsibilities are assigned.

Question 21The professional certification for project managers is a Project Management Professional (PMP).

Question 22One of the characteristics that separate project management from other endeavors of the organization is that there are specific time, cost, and performance requirements.

Question 23Governance of all project management processes and procedures helps provide senior management with all of the following EXCEPT

Question 24Today, projects are the modus operandi or the method used for implementing organizational strategy.

Question 25Which of the following is a good example of a program?

 

BUSI680 Advanced Project Management Part 1

Quiz 2

Question 1The __________ financial model measures the current value of all cash inflows using management’s minimum desired rate of return.

Question 2Which of the following is NOT one of the requirements for successful implementation of strategies through projects?

Question 3Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

Question 4All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

Question 5Which of the following is NOT true when managing a portfolio system?

Question 6Why do project managers need to understand their organization’s mission and strategy?

Question 7Which of the following is the correct order for the strategic management process?

Question 8Project managers should not engage in organizational politics.

Question 9The assessment of the external and internal environments is called the SWOT analysis.

Question 10Which of the following is NOT a problem associated with the absence of a project portfolio system?

Question 11Which of the following would be classified as an organizational threat?

Question 12The first step in the Strategic Management Process is to set long-range goals and objectives.

Question 13The following are responsibilities of the governance team when managing a portfolio system EXCEPT

Question 14Examples of nonfinancial criteria include all of the following EXCEPT

Question 15Which of the following questions does the organization’s mission statement answer?

Question 16Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows.

Question 17Organizational objectives set targets for all levels of the organization not just for top management.

Question 18The assessment of the external and internal environments is called _______ analysis.

Question 19Which of the following is NOT true for strategic management?

Question 20Which of the following is NOT one of the characteristics of effective objectives?

Question 21Susie’s department is implementing many projects. She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Susie is experiencing

Question 22Project selection criteria are typically classified as

Question 23The NPV financial model measures the time it will take to recover the project investment.

Question 24One who endorses and lends political support for the completion of a specific project is known as the

Question 25Intermittent scanning of the external environment is required when managing organization strategy.

 

BUSI680 Advanced Project Management Part 1

Quiz 3

Question 1Which of the following cultural characteristics relates to the degree to which work activities are organized around groups rather than individuals?

Question 2Which of the following combinations represents the extremes of project organization?

Question 3Which of the following cultural characteristics relates to the degree to which management focuses on outcomes rather than on techniques and processes used to achieve those outcomes?

Question 4Which of the following is an advantage of a functional project management organization?

Question 5Within a matrix project management structure, the extent to which the project manager has direct authority over project participants depends on whether the matrix is weak, balanced, or strong.

Question 6_________ organization is a hybrid form in which a horizontal project management structure is “overlaid” in the normal functional hierarchy.

Question 7The matrix form of project management is notable for the tension it creates between functional managers and project managers who both bring critical expertise and perspectives to the project.

Question 8All of the following are functions culture plays in an organization EXCEPT

Question 9A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using ________ organization.

Question 10The projectized form of project management structure is commonly used when one functional area plays a dominant role in completing the project or has a dominant interest in the success of the project.

Question 11At the project level, which of the following is a factor that should influence the choice of project management structure?

Question 12Unit integration is the cultural characteristic that refers to the degree to which units within the organization are encouraged to operate in a coordinated or independent manner.

Question 13The structure that manages projects within the existing organizational structure is __________ organization.

Question 14The functional project team is usually physically separated from the parent organization and given the primary directive of accomplishing the objectives of the project.

Question 15Certain aspects of the culture of an organization support successful project management while other aspects deter or interfere with effective management.

Question 16Which of the following cultural characteristics relates to the degree to which groups within the organization are encouraged to operate in a coordinated or independent manner?

Question 17In a balanced matrix form of project management, the project manager is responsible for defining what needs to be accomplished while the functional managers are concerned with how it will be accomplished.

Question 18One advantage of a matrix project management structure is that it is fast and easy to implement.

Question 19Which organization’s culture is NOT a culture a project manager has to be able to operate in or interact with?

Question 20All of the following are organizational considerations when determining the right project management structure EXCEPT

Question 21While organization culture is important to the overall function of an organization, it has minor influence on its project management.

Question 22In which of the following is the balance of authority strongly in favor of the functional managers?

Question 23Organizational culture refers to a system of shared norms, beliefs, values, and assumptions which bind people together.

Question 24The matrix form of project management structure is a good choice when resource usage needs to be optimized by having individuals work on multiple projects while still performing functional duties.

Question 25Member identity refers to the degree to which work activities are organized around groups rather than individuals.

 

BUSI680 Advanced Project Management Part 1

Quiz 4

Question 1The first step of project scope definition is to

Question 2The highest element in the hierarchical breakdown of the WBS is

Question 3Which of the following is least likely to be included in a work package?

Question 4One of the items included on a project scope statement or checklist is the review with the customer.

Question 5Which of the following is a good example of a Process Breakdown Structure?

Question 6For large companies, the organization breakdown structure is used rather than the work breakdown structure.

Question 7There are 5 steps involved when defining a project; which of the following is the first?

Question 8All of the following are ways the WBS helps in managing projects EXCEPT

Question 9The project scope statement indicates that the client is responsible for training the people who will be using the equipment and that the project team will train the client’s trainers. This is an example of

Question 10Profit, time and performance are all basic classifications of project priorities.

Question 11Project scope describes what you expect to deliver to your customers when the project is complete.

Question 12Scope creep occurs when your project is completed over-budget.

Question 13One of the primary jobs of a project manager is to manage the trade-offs associated with the project. Which of the following is NOT one of the basic classifications of project priorities?

Question 14If the project time should be accepted, then the project must be completed on time.

Question 15An activity that represents a major segment of work is a good example of a milestone.

Question 16Which of the following is NOT true regarding scope creep?

Question 17In reviewing the project plan, Susan sees that the first prototype must be completed by October 12. This would be best classified as a

Question 18Process breakdown structures are used when the size and the scope of the project do not warrant an elaborate WBS or OBS.

Question 19A communication plan should include limits on who has access to certain kinds of information.

Question 20Which of the following is NOT one of the items that would appear on a project scope statement or checklist?

Question 21All of the following are usually included in a work package EXCEPT

Question 22The tendency for the project deliverables to expand over time—usually by changing requirements, specifications, and priorities—is called

Question 23If a project is small and does not require an elaborate system to assign tasks, which of the following is a good choice?

Question 24Scott has just been given a project that has a specific completion date. After a discussion with top management he finds that while the date is important the cost is more important and a slip in delivery would be acceptable if required to meet the cost targets. The completion date is best classified as

Question 25The ability of a 911 emergency system to identify the caller’s phone number and location is considered to be a

 

BUSI680 Advanced Project Management Part 1

Quiz 5

Question 1After averaging out the underestimates and overestimates, a long-duration project is more likely to be on target than a short-term, small project.

Question 2General and administrative costs are usually allocated as a percent of the total of a direct cost which includes labor, materials, or equipment.

Question 3Which of the following is a good condition for bottom-up estimating?

Question 4Refining estimates may be necessary for a number of reasons. For example, a manager getting further into a project and obtaining a better understanding of what needs to be done to accomplish a project and meet the needs of the customer is an example of

Question 5All task time estimates need consistent time units.

Question 6Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation?

Question 7In practice, estimating processes are frequently classified as

Question 8Learning curves are more likely to be applied in situations where most of the costs are

Question 9Typical kinds of costs found in a project include all of the following EXCEPT

Question 10Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that the projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing?

Question 11Which of the following does NOT help describe a bottom-up estimating approach?

Question 12Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using?

Question 13The process of forecasting or approximating the time and cost of completing project deliverables is called

Question 14Refining estimates may be necessary for a number of reasons. For example, resource shortages, in the form of people, equipment, or materials, can extend original estimates. This is a good example of

Question 15Sean is forecasting the time and cost of developing a customized software program by looking at the number of inputs, outputs, inquiries, files, and interfaces. Which of the following methods is he using?

Question 16Reasons why estimating time and cost are important include all of the following EXCEPT

Question 17The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as

Question 18Past experience is almost always used primarily in the initial phases of estimating.

Question 19Which of the following describes the consensus method?

Question 20One guideline to follow when estimating time, cost and resources is to use several people to make the estimate for a task.

Question 21The project management structure chosen to manage the project will have little impact on the quality of estimates.

Question 22As long as everyone in a project adds a little padding to reduce risk, the project duration and cost estimates will be more accurate.

Question 23The consensus method of estimating costs is a bottom-up technique.

Question 24Phase estimating is used when a project cannot be rigorously defined because of the uncertainty of design or the final product.

Question 25Accounting would be an example of which of the following costs typically found in a project?

 

BUSI680 Advanced Project Management Part 1

Quiz 6

Question 1When completing a forward pass, you carry the early finish to the next activity where it becomes its early start unless the next succeeding activity is a merge activity. In this case you select the smallest early finish number of all its immediate predecessor activities.

Question 2________ activities are to be completed immediately following a particular activity.

Question 3An activity cannot begin until ALL preceding connected activities have been completed.

Question 4Which of the following correctly calculates the late start for an activity?

Question 5Which of the following is true about hammock activities?

Question 6Which of the following will correctly calculate the total slack in an activity?

Question 7________ activities must be completed immediately before a particular activity.

Question 8A merge activity is one that merges with other activities into a succeeding activity.

Question 9Which of the following is provided by both the project network and the work breakdown structure?

Question 10If a project has more than one activity that can begin when the project is to start, a common start node should be used to indicate a clear project beginning on the network. Without a common start node, each path is a

Question 11The critical path is the shortest path through a network and indicates activities that cannot be delayed without delaying the project.

Question 12If a network has more than one critical path but noncritical activities have very little slack, the network is considered to have a high level of sensitivity.

Question 13The likelihood the original critical path(s) will change once the project is initiated is referred to as

Question 14If the project has a duration of 13 days, the project should be completed 13 days from the day it starts.

Question 15An activity that has more than one dependency arrow flowing into it is termed a(n)

Question 16When completing a backward pass, you carry the LS to the next preceding activity to establish the LF, unless the next preceding activity is a burst activity, in which case you select

Question 17The amount of time an activity can be delayed and yet not delay the project is termed

Question 18The backward pass in project network calculations determines all of the following EXCEPT

Question 19Which of the following correctly calculates the early finish for an activity?

Question 20The minimum amount of time a dependent activity must be delayed to begin or end is referred to as

Question 21Lags can be used to constrain the start and finish of an activity.

Question 22Arrows on an activity-on-node (AON) project network represent

Question 23Activities which can take place at the same time are termed

Question 24Experience suggests that when there are multiple starts, a common start node should be used to indicate a clear project beginning on the network. Similarly, a single project end node can be used to indicate a clear ending.

Question 25Gantt charts are popular because they represent an easy-to-understand, clear picture on a time-scaled horizon.

 

BUSI680 Advanced Project Management Part 1

Quiz 7

Question 1A fixed price contract is an example of

Question 2While a “can do” attitude is essential during implementation, project managers have to encourage critical thinking when it comes to risk identification.

Question 3The risk identification process should be limited to just the core project team.

Question 4Change management systems involve reporting, controlling, and recording changes to the project baseline.

Question 5A Risk Response Matrix contains all of the following EXCEPT

Question 6When considering risk value, the lower the value, the higher the level of risk.

Question 7The risk assessment form contains all of the following EXCEPT

Question 8One common mistake that is made early on in the risk identification process is to focus on consequences and not on the events that could produce consequences.

Question 9Change management systems are designed to accomplish all of the following EXCEPT

Question 10One common mistake made early in the risk identification process is to

Question 11The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled by which of the following?

Question 12The cost impact of a risk event occurring as a project proceeds through its life cycle tends to

Question 13_____________ is a measure of how easy it would be to notice that a risk event was going to occur in time to take mitigating action, that is, how much warning you would have.

Question 14Risk management is a reactive approach that is designed to ensure that surprises are reduced and that negative consequences associated with undesirable events are minimized.

Question 15Which of the following groups should NOT be a part of the risk identification process?

Question 16The chances of a risk event occurring as a project proceeds through its life cycle tend to

Question 17A risk profile is a list of questions that have been developed and refined from previous, similar projects.

Question 18Which of the following is NOT one of the potential responses to a specific risk event?

Question 19An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a

Question 20Risks that can result in a system or process that will not work are known as

Question 21Contingency funding is made up of budget reserves and management reserves.

Question 22The risk management tool that is divided into three color-coded zones representing major, moderate, and minor risks is the risk

Question 23Risks are evaluated in terms of

Level of Difficulty: 2 Medium

Question 24The probability that a risk event will occur is higher during the initial stages of a project.

Question 25Fixed-price contracts are an example of transferring risk from an owner to a contractor.

 

BUSI680 Advanced Project Management Part 1

Quiz 8

Question 1If resources are truly limited and activity time estimates are accurate, the resource-constrained schedule will materialize as the project is implemented, not the time-constrained schedule.

Question 2When a company will reduce the number of projects they have to manage internally to only core projects and send noncritical projects to contractors and consulting firms this is called

Question 3Which of the following is NOT one of the more common problems associated with scheduling multiproject resources?

Question 4In a resource-constrained project, the first priority in assigning resources is usually given to activities with the

Question 5This is used to compare the cost accounts between organizational units and deliverables.

Question 6In a resource-constrained project the second priority in assigning resources is usually given to activities with the

Question 7The fact that you must pour foundation before you frame the house and that you have to frame the house before you can put on the roof demonstrates scheduling constraints.

Question 8When considering the sequence and timing of activities, which of the following is NOT one of the types of project network constraints?

Question 9A lack of readily available engineers is a technical constraint.

Question 10Splitting is a scheduling technique used to get a better schedule or better resource utilization and should be used without hesitation.

Question 11Most of the scheduling methods available today require the project manager to classify the project as either _______ constrained or ______ constrained.

Question 12When resource constraints are added to technical constraints the original project network may change as well as the completion date.

Question 13When deciding which staff to team-up to work on work packages, factors to co

The post Liberty BUSI680 2020 February All Quizzes Latest appeared first on Complete My Course.

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