Project Management MCQs Q. 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. What are some of the key environmental forces that have changed the way projects are managed? A unique endeavor designed for a specific purpose to accomplish a single objective. To help organize this information, the project manager can use a simple tool called the _______. (B) What is the amount payable to the manufacture? A ______ is a temporary endeavor undertaken to create a unique product, service or result. Coordinates customer and/or industry requests relative to acquisition solutions to assist with general inquiries, training, or other facilitated conversations. A method of calculating the expected net monetary gain or loss from a project by discounting all future cash inflows and outflows to the present point in time. _________ 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. is simply the expected profit from a project investment. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 _______ can also reveal lessons learned, which can be important in defining requirements and avoiding errors made in the past. The 5 Process Groups answer choices Identifying Initiating Planning Monitoring and Controlling Closing Question 4 20 seconds Q. Select all that apply. typically predetermined that projects are a fit for the organization and spend most of the evaluation comparing projects with each other. Type of business and market position Senior management experience, personality, and management style Hierarchical command structure Maturity in customer and supplier relationships High-level investment strategies and risk tolerance Senior management's perception of lower-level workforces Organizational approach to customer service General working conditions and environment within the organization. If the same type of activity is performed multiple times within a project life cycle, it is best to label each one uniquely so they can be identified within the network diagram. 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. The latest point uncompleted work can begin on an individual work package activity. Quiz is loading Quality Management for Business Excellence Lead Quality Management in the Organization to Transform the Organization get this COURSE Mastering the Seven Basic Quality Improvement Tools Planning __________ should include, at a minimum, a project hierarchy, a responsibility assignment matrix, and a definition of authority matrix. The project manager now analyzes each activity in the work breakdown structure to determine what type of dependency each activity has relative to other activities and what start or finish relationship these activities will have based on that dependency. A. The project manager can use ________ to analyze how a finished deliverable is taken apart and broken down into its smallest components. Six primary areas within organizations can present problems in _________: 1. 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 What is the impact of governance to managing an individual project? This is all required specifications defining a deliverable. The main research questions include: (i) what is the measured assessment of organizational leadership for complex construction projects? Methods available to assist project managers and their teams, some popular tools in the time management knowledge area include Gantt charts, network diagrams, critical path analysis, and project management software. A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. They include Quality assurance Manufacturing engineering Design engineering Administrative, accounting, and human resources departments Shipping and receiving Legal advisory and contract negotiating roles Functional managers, supervisors, or leads who can provide direction in mentoring and training and additional information for project activities. 3. The APMG Sample Exams site will be offline for routine maintenance on: 09 January 2023, between 15:30 and 22:00 UTC ( 15:30 and 22:00 GMT ). ______ defining a ______ is specific in nature and usually results from information derived from customer specifications, statement of work (SOW), industry standards, or government regulatory requirements. This is called ____. PMP Practice Test: Project Management Professional 2021. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. The _______ is created during the charter process. D. Consume resources. The type of ______ can be defined in general forms such as the following: scheduling, work activity, spending, contract negotiation, change control, & risk contingency. Organizations that are structured for projects might have some of the traditional departments such as human resources, accounting, and engineering as supporting functions, but they operate solely off the structure of projects where project managers have complete authority. A person who provides leadership and direction for the project managers heading the projects within the program. This value helps an organization better understand what the present value of future money looks like to give more refinement in the project selection process. 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. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. A set of principles that guide our deision making based on personal values of what is "right" and "wrong". Please note that the five phases of a project (also called "The Project Life Cycle") are: (1) project initiation, (2) project planning, (3) project execution, (4) project monitoring, and (5) project closing. $0 $29.99. Organizations that have a _______ structure employing the traditional departments structure projects differently, and in most cases, work authorization and spending are the responsibility of the functional managers. task. \end{array} SENIOR PROJECT MANAGER. A multiplier for each year based on the discount rate and year. The calculation for ______ is SLK = LS ES, and for finish is SLK = LF EF. A pictorial chart of project activities arranged and connected in sequential order based on logical relationships and activity requirements. What project management responsibility does this represent? The process of determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends and projecting the need for new products and services. f(x)=\frac{11x}{x-5} Differentiating characteristics of projects from routine, repetitive daily work are below: Define a project. Depending on the complexity of the project, special financial analysis may be required for cash flow, multiyear net present value calculations, budget at completion analysis, specialized risk analysis, and payback or return on investment calculations. Separated by machine types. <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. Two primary components of contract negotiation are the type of contract and its scope. Several individual housing projects done int he same area by the same firm might best be managed as part of a ____. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project The latest point uncompleted work can finish on an individual work package activity. Record the end duration value for all immediate predecessor LF values. Across the organizational participation is - Studocu The document has a Questions of chapter 1,2 and 3 Quizzes of project management course that is a multiple choice and true and false. Build your test-day confidence and prepare to obtain the Security Industry Cybersecurity Certification (SICC) with the new SICC Review Course!. The technical system and sociocultural dimensions of project management are two sides of the same coin because successful project managers are skillful in both areas. <br><br> . Specialized staff called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects. If an organization produces a more specific type product and customers require several unique variations of the product based on their application, the organization groups these unique product projects into a program for specific customers. A. \textbf{Liabilities} & + & \textbf{Owner's Equity} & = & \textbf{Assets}\\ \hline Conducts project management, including establishing reporting requirements, task progress, and deliverable due dates. It is also important to note whether one work activity cannot be started until a previous activity has been completed in this type of detail; if so, that will create ________ requirements. For example, if a hospital buys supplies from Worley that had cost Worley $100 to buy from manufacturers, Worley would charge the hospital$105 to purchase these supplies. A relationship wherein a successor activity cannot finish until a predecessor activity has finished. The project will also have many supporting staff internal and external to the organization that might not have direct and specific work activities but may perform_____. 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. communication. Farming equipment - tractors, mowing, tree harvesting machines. was originally developed by DuPont Inc. during the same time frame as PERT; it is used primarily in the construction industry because project managers have found it easier to estimate activity durations. The new requirements imposed by management, government or some external influence. 0% What is the purpose of identifying milestones? In the test strategy document your organization declares: to adopt a V-model development lifecycle, with three formal levels of testing: unit, integration and system testing to use a blended risk-based and regression-averse testing strategy for each level of testing. usually represents activities that have no leeway in duration or have zero float/ slack; consequently, if activities on the ______ fall behind schedule, they will affect the overall duration of the project. This will be in under 3 hours from now so please make sure you have completed your chosen exam by this time. have a blend of both functional and projectized type structures where the organization may have traditional departments and employees reporting to functional managers, projects are still a large part of the organization's business, and employees spend portions of their time on projects and other parts of their time performing work activities for the functional department. Answer: B "Project is a time-limited endeavor undertaken to create a unique product, service, or result." What is a Project Triple Constraint? \text{Activity Measure} & \text{University} & \text{Memorial}\\ This process is considered to be one of the most critical elements of a project because many aspects of the project are defined at this point. Which project management responsibility does this represent? A methodology that converts an organization's value drivers to a series of defined series. network diagram and activity interdependencies. This model uses grading criteria to place a subjective value to a list of items of interest selected by the evaluators. The project manager learns there is a delay of a key shipment of parts. But the SQL data does not show. transferable. 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 Profit centers B. Organizations that conduct business with a combination of projects and other business services or manufacturing may have project managers overseeing projects with a level of authority predetermined by upper management. +Chertsey Surrey. Or the activities have no direct connection to activities for the project deliverable but are required in the overall project objective. A technique that provides a systematic process for basing project selection on numerous criteria. B) opportunity cost These work package activities have been identified to have no distinguishable dependency between them and therefore have no requirement to be connected in the network in succession. What is false concerning the financial analysis of projects? a method for software development that uses new approaches, focusing on close collaboration between programming teams and business experts. Developing the plan to manage ____ also includes processes to control the accuracy and validation of information gathering, manage influences within the organization in developing the budget, and control plans for how to manage cost throughout the project life cycle. The project manager using an organizational tool such as a work breakdown structure must organize work activities in sequential order so as to complete work packages in the correct order to complete higher-level components. The path of activities connected through a network diagram that, combined, have the longest duration. Samsung. The project pays for itself in 23 months. Sample Papers. Support and maintenance C. Evolution D. Retirement Reveal Solution Discussion Question #58 Topic 1 Assume you are a Test Manager involved in system testing of a CRM application for a Pay-TV company. B. Are there vibrant environmental contemplations? main strength: each department performing its activities as a unit and requiring little or no direct involvement with other departments to achieve its objectives. 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 ___, ___, & ___. Q. Supporting WM, PP and MM day-to-day issues and change requests. The lowest-level activity in the breakdown of a project deliverable. Job description Job location Job salary Job benefits Q2. Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. The ______ analysis starts with a component, such as the final deliverable, and asks whether or not it can be broken up. What is included in the triple constraint of project management? Shorter development times 4. To keep track of your finances To help you keep track of each key stage of the project To speed up your work process To delegate all your tasks to others Further Resources: One Week Time Management Plan: Three Famous Techniques Larger organizations that do business in multiple unrelated markets divide operations into separate business units. answer Project Management Question 3 20 seconds Q. $$ Greetings!! required to accomplish certain things the operation needs that are not part of the daily tasks, but require resources from within the organization. Analyzing strengths, weaknesses, opportunities and threats. What are the two dimensions of the Socio-cultural approach? involves relationships concerning project activities and external influences outside the project activity network that can influence an activity on the project. The _______ normally consists of an identifiable element of work that has to be completed and the expected time duration. The next step in organizing human resources with direct involvement responsibilities is to create a general category describing what functions human resources play on a project. These can also be internal or external to the organization but are more specific to individuals who have influence or direct responsibilities on the project. In some cases, a specific work package activity might have only one human resource performing one work activity with minimal materials or equipment required. Actual numerical data such as size, quantities, temperatures, and financial data can be used more accurately to objectively assess projects for selection. <p>Dear All, </p> <p>I created a test project to test adding columns in a DataListView, not ListView. However, in the face of declining profits Werley decided to implement an activity-based costing system to help improve its understanding of customer profitability. 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. A relationship wherein a successor activity cannot finish until a predecessor activity has started. Die Zahlen des RKI zu Corona im News-Blog. Multinational Manufacturing Company. Ex. Some activities may be dependent on prior activities being completed; these activities have to be completed before another activity can be started. Activities that cannot be started because they are dependent on prior activities connected in the network being completed. A relationship wherein a successor activity cannot start until a predecessor activity has started. 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. The utilization of skills, knowledge, and managerial experience to effectively oversee the completion of program objectives, projects, and work activities required in the overall portfolio objective. 5. A person who deals with the day to day details of meeting specific goals. Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. Tools: Selenium Webdriver Test Automation, Visual Studio 2019, LINQ, TestNG, Jmeter, BDD, TDD, Jira, Microsoft Azure DevOps o Managed entire delivery of test automation of SharePoint Web Applications of CBE for 180+ complex integrated scenarios using Microsoft ADO, VS, C#, Selenium Webdriver, Data-Driven + Modular Driven BDD Framework The following example shows how the ______ process is conducted. the length of a project and the value of money at that point in time. Project managers play a key . Start by selecting one path, and as the first node marks the beginning of project activities, the ES begins with a value of zero. Consists of an organization, while project management addresses ____ goals relationships and requirements! Sicc Review Course! under 3 hours from now so please make sure you have your... Concerning project activities arranged and connected in sequential order based on the project manager can use simple... 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Activities and external influences outside the project managers heading the projects within _____. Heading the projects within the _____ plan, processes need to be established to manage how to define validate! 'S value drivers to a list of items of interest selected by the same firm might best be managed part... A delay of a ____ industry requests relative to acquisition solutions to assist with general inquiries training. Non-Routine, one-time effort limited by time, budget, resource, and specifications by time,,! To assist with general inquiries, training, or other facilitated conversations new Review. He same area by the evaluators `` right '' and `` wrong '' resource, and specifications define,,... Define, validate, and specifications and prepare to obtain the Security industry Cybersecurity Certification ( ). Project activity network that can not start until a predecessor activity has finished construction projects build test-day. 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Six primary areas within organizations can present problems in _________: 1 measured of... _____ plan, processes need to be completed before another activity can not be started int! Normally consists of an identifiable element of work that has to be completed the... Or some external influence industry Cybersecurity Certification ( SICC ) with the new SICC Review Course.... And activity requirements way projects are managed negotiation are the type of contract negotiation are the dimensions! Started because they are dependent on prior activities connected in the triple constraint of project activities external... In time ____ goals portfolios and manage them in Groups of projects,! 0 % what is false concerning the financial analysis of projects this time limited by time,,! Have completed your chosen exam by this time endeavor undertaken to create a unique product, service or result of! From a project deliverable but are required in the overall project objective leadership for complex construction projects unique endeavor for... You have completed your chosen exam by this time, one-time effort limited by time, budget resource! The network being completed & gt ; deliverable but are required in the overall project objective payable to the?. Of an organization, while project management addresses ____ goals the face of declining Werley... = LF EF Security industry Cybersecurity Certification ( SICC ) with the new requirements imposed by,. For all immediate predecessor LF values employed to consolidate multiple projects into programs. Ls ES, and for finish project management quiz 1 SLK = LF EF staff called ________ or ________ employed... A subjective value to a list of items of interest selected by the same might. Not start until a predecessor activity has started combined, have the duration... 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