one or more activities that cannot start until a prior activity connected in the network has been completed. \text{Line item picking (Number of line items picked)} & \text{450.000} & \text{450.000 line items}\\ 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. Some activities may be dependent on prior activities being completed; these activities have to be completed before another activity can be started. Typical kinds of costs found in a project include Which of the following choices is not one of the stages of a project life cycle? 2. Worley gathered the data below for two of the many hospitals that it serves-University and Memorial (both hospitals purchased a total quantity of medical supplies that had cost Worley $30,000 to buy from its manufacturers):$ the ___ is typically the output of this phase and, if approved, marks the official beginning of the project. This test is designed in a manner so as to offer a wide range of. Two primary components of contract negotiation are the type of contract and its scope. (A) What is the discount? 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. Compute the total revenue that Werley would receive from University and Memorial. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. What has been the effect of these forces on the management of projects? Questions and Answers. \end{matrix} required to accomplish certain things the operation needs that are not part of the daily tasks, but require resources from within the organization. The amount of time an activity's start can be delayed without affecting the overall project. 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 $$. Try our quick project management quiz to test your knowledge! are more accurate and should be used as the primary tools for project evaluation and selection. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 Link to Project Management MCQs (PDF) is given below. 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 ). A pictorial chart of project activities arranged and connected in sequential order based on logical relationships and activity requirements. 100% Off Coupons; Question #27 Topic 1. This task can be accomplished using a _________. 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 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. B) opportunity cost The primary treatment recommended for patients was a 3-day course of trimethoprim per the protocol (92.6%) with a small number receiving cefalexin (2.6%) and nitrofurantoin (1.1%). Depending on the information and communication structure of a project, some change requests may be informally introduced; because they are not controlled, they result in extra work activity that may or may not be approved. The project manager defines what tools can be put into place to conduct ______ identification, analysis, prioritization, and contingency development and implementation. It is possible to have more than one critical path. After the project manager determines what general categories of human resource involvement are necessary, it is time to evaluate the actual individuals identified in the WBS and develop a tool to organize human resource information, categorize, and then assign general roles and responsibilities. Jun 2022 - Present8 months. * For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. 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. (b) Are any residuals outliers (three standard errors) or unusual (two standard errors). Projects that are used for specialized activities such as research and development, process improvement, or infrastructure-related business activities are called______. 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. Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz This tool also incorporates letter designations for identifying roles and responsibilities at each point on the project, but includes consulting and reporting roles as well. Project Management The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. PMP Practice Test: Project Management Professional 2021. This is all processes required to define, implement, monitor, control, and close project activities. 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. Authorization to perform work activity can fall within the tasks of any responsible person overseeing a work activity. This process is designed to provide a systematic breakdown of a project deliverable into its smallest components and should be the first step in activity definition: defining the smallest activity. To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. A person who provides leadership and direction for the project managers heading the projects within the program. If customers submit documents with specific definitions of product or service deliverables, they can be a great resource of very detailed information that can be used in requirements collection. Record the end duration value for all immediate predecessor LF values. Ex. Certification provided by PMI that requires documenting project experience, agreeing to follow the PMI code of ethics and passing a comprehensive exam. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Larger organizations that do business in multiple unrelated markets divide operations into separate business units. B. B. Project A temporary endeavor undertaken to create a unique product, service or result. Examples of these types of evaluations are as follows: time value of money, payback period, net present value, & return on investment. A brief description of activity to be performed. Project Management Quiz Correct 1/1 Points 1.Project charters typically include all of the following elements EXCEPT: positive and negative risks project assumptions detailed resource requirements project constraints Correct 1/1 Points 2.A well-written business case should persuade decision-makers to support the project. may find it more difficult because projects are not a fundamental component of the business and therefore require special effort to perform project selection processes. 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_____. Although this step appears to be gathering information on details of project deliverables, the project manager needs to define more information regarding other areas of the project and project environment within the organization. These components, called_______, are what the project manager uses to define details required for each component of work. These activities (B and C only) can be performed simultaneously. A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals. 3. True. \end{array} This model uses grading criteria to place a subjective value to a list of items of interest selected by the evaluators. $$ may be in the form of product or service modifications, but may also come from other areas internal or external to the organization; they include Documentation updates Project management plan updates Work performance information Change requests through the change control process Organizational process updates Regulatory requirements. Supporting WM, PP and MM day-to-day issues and change requests. 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. Selection models should also be in a form that is cost effective to acquire and maintain and also promote continued use by the organization. Samsung. Activities can be used only once within a diagram. the ___ is responsible for the following tasks: Overseeing the completion of each task Assessing potential risks and engaging in control activities that keep costs and expenditures on budget and completion on schedule Managing resource schedules to complete specified activities, the ___ generally is responsible for Selecting projects and activities to support the program objective Managing project managers Overseeing scheduling of resources and cash flow required for all projects and activities within the program Ensuring ongoing commitments of the program are met. Project managers should adopt whatever tools, techniques, and methodologies that a specific company prefersthis keeps senior management happy. Identified risk events concerning an activity can influence the start of an activity, its characteristics, or its overall duration. 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. Determine the amounts payable by the following customers. It is typical that activities on the critical path have zero slack/ float. The code is as follows. A. 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 ____. _________ 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. Property taxes on a company's factory building would be classified as a(n): 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. 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_____. is a document in which initial high-level data and information concerning a proposal of activities that will result in an output deliverable are compiled for analysis and approval. 5x^{2} + 16x + 3 \begin{matrix} Thus, the study provides new insight into the influence mechanism of organizational leadership on the project management performance, taking project citizenship behavior as a mediating variable. 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. care must be taken in developing a plan to manage ______ expectations, information needs, and requirements, as well as their overall influence to the project. Ex. Examples of ________ are Project manager Project team (all individuals with specific work activity assignments) Stakeholders with direct involvement External human resources with work activity assignments. transferable. Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. The featured exercises and quizzes will facilitate your vocabulary and process concepts. are formally defined as any individuals, whether internal or external to the organization, who have a stake in the project. Projects have costs and schedules and need oversight and adjustments made to keep project activities within budget and on schedule. 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 As work activities are analyzed throughout the network diagram, the project manager will ultimately want to know which path represents the longest path, which will establish the overall duration of the project; that is called the ______. 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. 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. The model needs to be easy to format with available information, easy for the project manager and others to derive a conclusion, and easy to communicate data and conclusions to others who need to review the selection model. This document explains how project processes are defined and implemented. Be sure to give it a shot and go over the questions as many times as you need to. Process or product improvements for the organization. Question #63 Topic 1. Provides reports to management, as required. However, in the face of declining profits Werley decided to implement an activity-based costing system to help improve its understanding of customer profitability. 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. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. The project pays for itself in 23 months. f(x)=\frac{11x}{x-5} Resources can be underestimated. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective. Subtract the duration of the activity from the LF value to derive the LS value for that activity: LF Duration = LS. Activities that cannot be started because they are dependent on prior activities connected in the network being completed. +Chertsey Surrey. The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. Additional information that is required but not necessarily found in the ______ for an activity might include: Relationship to other activities, Constraints, & Identified risks. Graduate in mechanical engineering with more than seven years of experience in design of mechanical, electrical and structural components, assemblies and equipments. 1. \text{Other organization-sustaining costs (None)} & \text{602.000}\\ __are unique, have a start and stop, and employ a single objective. Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management, *Factor the trinomial. NodeThe connection point of activities based on dependent relationships with other activities. What are the two dimensions of the Socio-cultural approach? Take this project cost management principles quiz today in order to test your knowledge and find out how well you know these basic concepts and theories. An activity that has no start or completion and no resources assigned in no time duration. are those areas of the organization that produce output such as a product or service that has an associated cost and will be sold at a higher value to create a profit for the organization. The primary tool used in graphically illustrating a PDM network of project activities is the _______. AT&T, Verizon, and T-Mobile. ____ typically have a combination of routinely produced deliverables as well as unique and specialized projects. The technical and sociocultural dimensions of project management are two sides to the same coin. Connections between activities use arrows to identify predecessor and successor relationships. Costs that organizations must fund to stay in business. An optimal way recognized by industry to achieve a stated goal or objective. In this type of structure, individuals on a project are given work authorization responsibilities to manage specific areas within the project. _______ can also reveal lessons learned, which can be important in defining requirements and avoiding errors made in the past. What are the steps in the Four Stage Planning Process? _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. Maybe. typically have a well-refined and efficient project selection process because projects are routinely evaluated as the major component of the organization's business. Project Management Question 1 Detailed Solution Explanation: Accreditation means an official approval of an organization. Q7. Project Management Test 1 Flashcards | Quizlet Social Science Sociology Management Project Management Test 1 Term 1 / 110 A project is a series of activities and tasks that: _____________________________________________ A. The ______ is used to outline a high-level description of the project objective and deliverable. C. Have funding limits (if applicable). Reveal Solution Discussion. Initiating, planning, monitoring and controlling and closing. This situation is called_______. _____ can have a start but not necessarily an end. 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. Compute the total activity costs that would be assigned to University and Memorial. The project manager and other management staff within the organization also can use information from the ____________ for other analyses, such as the following: Analysis of cash flow for the project Analysis of resource allocations Analysis of potential risk impacts on other activities and the ripple effect that risk can have throughout the project life cycle Recalculations of overall project duration and estimates at completion. Categories. A unique endeavor designed for a specific purpose to accomplish a single objective. Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. $0 $19.99. 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. Write well-defined tests for front-end and backend 4. The lowest-level activity in the breakdown of a project deliverable. ___ can be open-ended with related projects entering and exiting throughout the life of the ____. ______ defining a _____ can be both specific and generalized in nature. The person who provides the direction and the funding for the project. These ________ included in the broader view of the project for an organization are: Requirements internal and external to the organization Stakeholder requirements Deliverable requirements Project requirements, Requirements internal and external to the organization. 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. The type of data being analyzed determines the _______ used, which generally falls into one of the following two categories: qualitative & quantitative. This is all required specifications defining a deliverable. The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. Project Initiation: Starting a Successful Project Weekly Challenge 1 Answers Question 1) What are two potential consequences of a project manager failing to properly initiate a project? Many organizations find duplicate or unneeded projects after they perform which step in project portfolio management? D) variable cost. is simply the expected profit from a project investment. What is the impact of governance to managing an individual project? Greetings!! A collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. 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. This includes all functionality, characteristics, performance specifications, documentation, and expected quality targets. Project Management Test About the test: The project management test assesses a candidate's ability to plan projects from conception to implementation, map timelines, assess risks, allocate budgets, execute the project life-cycle in a phase-wise manner, manage stakeholders, debug issues and deliver a product or service. conceptual, planning, execution, and closure are the four places of what? Improve customer relations 3. Your project has expected cash inflows of $1.2 million in year 1, $2.4 million in year 2, and $4.6 million in year 3. The project manager has a combination of individuals with authority as well as the use of departments and functional managers carrying authority. International professional society for project managers. The minimum acceptable rate of return on an investment. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value, Operations Management: Sustainability and Supply Chain Management. The project's initial investment is $9.2 million. In ______, there are four variations of paths, depending on dependency relationships: series, parallel, burst, and merge. has historically been used in research and development; it emphasizes interdependencies between activities and allows the project manager to manage resources between activities. Selected intern's day-to-day responsibilities include: 1. All successor activities (B, C, D) can start only when that burst activity (A) has been completed. Financial resources 6. ONES TestCase. Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. Start by selecting one path, and as the first node marks the beginning of project activities, the ES begins with a value of zero. Costs that organizations have discretion in deciding whether to fund them. This process starts at the end of the network diagram and works its way from right to left, starting with the last node and following the arrows backward through all predecessor items. How accurate and complete is the information? Integration (or centralization) of project management provides senior management with: Problems resulting from the uncoordinated project management systems include: The Technical Dimension (The "Science") and The Sociocultural Dimension (The "Art"). use a completely different type of business structure than that of functional organizations where staff members are grouped into workforces that may include representatives from several traditional departments and are tasked with a unique project objective. \begin{matrix} A relationship wherein a successor activity cannot finish until a predecessor activity has started. Questions and Answers 1. 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. Have a specific objective. This is the fifth of six courses that will provide you the knowledge and abilities you need to apply for entry-level project management positions. The functional manager still holds authority over her department, but the project manager can hold an equal level of authority in overseeing resources from several departments in managing a project. -Consists of the formal, disciplined, purely logical parts of the process. Two work package activities that can be performed simultaneously having no predecessor or successor relationship dependencies between the two activities. Specialized staff called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects. Have defined start and end dates. 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. Me in 10 seconds<br>Accountant turned data analyst who finds joy in working with data. Microsoft AZ-104: Azure Administrator Exam Prep Test. When an organization has a change control process, an individual or team identified in the change control process must correctly analyze all information and authorize changes accordingly. most of the evaluation is to determine the value the project will bring to the organization and whether the organization has the capability to perform project activities. A. Compute Worley's customer margin for University and Memorial. task. The main traits of a project: A. The earliest point uncompleted work can finish on an individual work package activity. The return available by investing the capital elsewhere. 1. $$ VTEEN - Vanity Teen LLC - Fashion, Lifestyle, Culture Digital & Biannual print menswear magazine, founded in 2008 \textbf{Liabilities} & + & \textbf{Owner's Equity} & = & \textbf{Assets}\\ \hline Any project work activities that have to be completed before this activity can begin. The _______ is created during the charter process. It is specifically designed to help them review what they have learned in their first classes on the course as well as help them understand in simpler terms. 1. Facilities & equipment 5. Organizations using programs and portfolios find it more effective to ______ into the following types of categories: customer based, product based, & organizational division. completion of a required course in project management is an example of what? $$ Coordinates customer and/or industry requests relative to acquisition solutions to assist with general inquiries, training, or other facilitated conversations.
project management quiz 1
one or more activities that cannot start until a prior activity connected in the network has been completed. \text{Line item picking (Number of line items picked)} & \text{450.000} & \text{450.000 line items}\\ 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. Some activities may be dependent on prior activities being completed; these activities have to be completed before another activity can be started. Typical kinds of costs found in a project include Which of the following choices is not one of the stages of a project life cycle? 2. Worley gathered the data below for two of the many hospitals that it serves-University and Memorial (both hospitals purchased a total quantity of medical supplies that had cost Worley $30,000 to buy from its manufacturers):$ the ___ is typically the output of this phase and, if approved, marks the official beginning of the project. This test is designed in a manner so as to offer a wide range of. Two primary components of contract negotiation are the type of contract and its scope. (A) What is the discount? 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. Compute the total revenue that Werley would receive from University and Memorial. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. What has been the effect of these forces on the management of projects? Questions and Answers. \end{matrix} required to accomplish certain things the operation needs that are not part of the daily tasks, but require resources from within the organization. The amount of time an activity's start can be delayed without affecting the overall project. 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 $$. Try our quick project management quiz to test your knowledge! are more accurate and should be used as the primary tools for project evaluation and selection. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 Link to Project Management MCQs (PDF) is given below. 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 ). A pictorial chart of project activities arranged and connected in sequential order based on logical relationships and activity requirements. 100% Off Coupons; Question #27 Topic 1. This task can be accomplished using a _________. 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 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. B) opportunity cost The primary treatment recommended for patients was a 3-day course of trimethoprim per the protocol (92.6%) with a small number receiving cefalexin (2.6%) and nitrofurantoin (1.1%). Depending on the information and communication structure of a project, some change requests may be informally introduced; because they are not controlled, they result in extra work activity that may or may not be approved. The project manager defines what tools can be put into place to conduct ______ identification, analysis, prioritization, and contingency development and implementation. It is possible to have more than one critical path. After the project manager determines what general categories of human resource involvement are necessary, it is time to evaluate the actual individuals identified in the WBS and develop a tool to organize human resource information, categorize, and then assign general roles and responsibilities. Jun 2022 - Present8 months. * For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. 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. (b) Are any residuals outliers (three standard errors) or unusual (two standard errors). Projects that are used for specialized activities such as research and development, process improvement, or infrastructure-related business activities are called______. 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. Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz This tool also incorporates letter designations for identifying roles and responsibilities at each point on the project, but includes consulting and reporting roles as well. Project Management The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. PMP Practice Test: Project Management Professional 2021. This is all processes required to define, implement, monitor, control, and close project activities. 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. Authorization to perform work activity can fall within the tasks of any responsible person overseeing a work activity. This process is designed to provide a systematic breakdown of a project deliverable into its smallest components and should be the first step in activity definition: defining the smallest activity. To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. A person who provides leadership and direction for the project managers heading the projects within the program. If customers submit documents with specific definitions of product or service deliverables, they can be a great resource of very detailed information that can be used in requirements collection. Record the end duration value for all immediate predecessor LF values. Ex. Certification provided by PMI that requires documenting project experience, agreeing to follow the PMI code of ethics and passing a comprehensive exam. Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Larger organizations that do business in multiple unrelated markets divide operations into separate business units. B. B. Project A temporary endeavor undertaken to create a unique product, service or result. Examples of these types of evaluations are as follows: time value of money, payback period, net present value, & return on investment. A brief description of activity to be performed. Project Management Quiz Correct 1/1 Points 1.Project charters typically include all of the following elements EXCEPT: positive and negative risks project assumptions detailed resource requirements project constraints Correct 1/1 Points 2.A well-written business case should persuade decision-makers to support the project. may find it more difficult because projects are not a fundamental component of the business and therefore require special effort to perform project selection processes. 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_____. Although this step appears to be gathering information on details of project deliverables, the project manager needs to define more information regarding other areas of the project and project environment within the organization. These components, called_______, are what the project manager uses to define details required for each component of work. These activities (B and C only) can be performed simultaneously. A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals. 3. True. \end{array} This model uses grading criteria to place a subjective value to a list of items of interest selected by the evaluators. $$ may be in the form of product or service modifications, but may also come from other areas internal or external to the organization; they include Documentation updates Project management plan updates Work performance information Change requests through the change control process Organizational process updates Regulatory requirements. Supporting WM, PP and MM day-to-day issues and change requests. 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. Selection models should also be in a form that is cost effective to acquire and maintain and also promote continued use by the organization. Samsung. Activities can be used only once within a diagram. the ___ is responsible for the following tasks: Overseeing the completion of each task Assessing potential risks and engaging in control activities that keep costs and expenditures on budget and completion on schedule Managing resource schedules to complete specified activities, the ___ generally is responsible for Selecting projects and activities to support the program objective Managing project managers Overseeing scheduling of resources and cash flow required for all projects and activities within the program Ensuring ongoing commitments of the program are met. Project managers should adopt whatever tools, techniques, and methodologies that a specific company prefersthis keeps senior management happy. Identified risk events concerning an activity can influence the start of an activity, its characteristics, or its overall duration. 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. Determine the amounts payable by the following customers. It is typical that activities on the critical path have zero slack/ float. The code is as follows. A. 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 ____. _________ 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. Property taxes on a company's factory building would be classified as a(n): 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. 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_____. is a document in which initial high-level data and information concerning a proposal of activities that will result in an output deliverable are compiled for analysis and approval. 5x^{2} + 16x + 3 \begin{matrix} Thus, the study provides new insight into the influence mechanism of organizational leadership on the project management performance, taking project citizenship behavior as a mediating variable. 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. care must be taken in developing a plan to manage ______ expectations, information needs, and requirements, as well as their overall influence to the project. Ex. Examples of ________ are Project manager Project team (all individuals with specific work activity assignments) Stakeholders with direct involvement External human resources with work activity assignments. transferable. Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. The featured exercises and quizzes will facilitate your vocabulary and process concepts. are formally defined as any individuals, whether internal or external to the organization, who have a stake in the project. Projects have costs and schedules and need oversight and adjustments made to keep project activities within budget and on schedule. 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 As work activities are analyzed throughout the network diagram, the project manager will ultimately want to know which path represents the longest path, which will establish the overall duration of the project; that is called the ______. 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. 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. The model needs to be easy to format with available information, easy for the project manager and others to derive a conclusion, and easy to communicate data and conclusions to others who need to review the selection model. This document explains how project processes are defined and implemented. Be sure to give it a shot and go over the questions as many times as you need to. Process or product improvements for the organization. Question #63 Topic 1. Provides reports to management, as required. However, in the face of declining profits Werley decided to implement an activity-based costing system to help improve its understanding of customer profitability. 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. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. The project pays for itself in 23 months. f(x)=\frac{11x}{x-5} Resources can be underestimated. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective. Subtract the duration of the activity from the LF value to derive the LS value for that activity: LF Duration = LS. Activities that cannot be started because they are dependent on prior activities connected in the network being completed. +Chertsey Surrey. The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. Additional information that is required but not necessarily found in the ______ for an activity might include: Relationship to other activities, Constraints, & Identified risks. Graduate in mechanical engineering with more than seven years of experience in design of mechanical, electrical and structural components, assemblies and equipments. 1. \text{Other organization-sustaining costs (None)} & \text{602.000}\\ __are unique, have a start and stop, and employ a single objective. Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management, *Factor the trinomial. NodeThe connection point of activities based on dependent relationships with other activities. What are the two dimensions of the Socio-cultural approach? Take this project cost management principles quiz today in order to test your knowledge and find out how well you know these basic concepts and theories. An activity that has no start or completion and no resources assigned in no time duration. are those areas of the organization that produce output such as a product or service that has an associated cost and will be sold at a higher value to create a profit for the organization. The primary tool used in graphically illustrating a PDM network of project activities is the _______. AT&T, Verizon, and T-Mobile. ____ typically have a combination of routinely produced deliverables as well as unique and specialized projects. The technical and sociocultural dimensions of project management are two sides to the same coin. Connections between activities use arrows to identify predecessor and successor relationships. Costs that organizations must fund to stay in business. An optimal way recognized by industry to achieve a stated goal or objective. In this type of structure, individuals on a project are given work authorization responsibilities to manage specific areas within the project. _______ can also reveal lessons learned, which can be important in defining requirements and avoiding errors made in the past. What are the steps in the Four Stage Planning Process? _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. Maybe. typically have a well-refined and efficient project selection process because projects are routinely evaluated as the major component of the organization's business. Project Management Question 1 Detailed Solution Explanation: Accreditation means an official approval of an organization. Q7. Project Management Test 1 Flashcards | Quizlet Social Science Sociology Management Project Management Test 1 Term 1 / 110 A project is a series of activities and tasks that: _____________________________________________ A. The ______ is used to outline a high-level description of the project objective and deliverable. C. Have funding limits (if applicable). Reveal Solution Discussion. Initiating, planning, monitoring and controlling and closing. This situation is called_______. _____ can have a start but not necessarily an end. 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. Compute the total activity costs that would be assigned to University and Memorial. The project manager and other management staff within the organization also can use information from the ____________ for other analyses, such as the following: Analysis of cash flow for the project Analysis of resource allocations Analysis of potential risk impacts on other activities and the ripple effect that risk can have throughout the project life cycle Recalculations of overall project duration and estimates at completion. Categories. A unique endeavor designed for a specific purpose to accomplish a single objective. Chapter 1: Advance project management quiz Chapter 2: Advance project strategic management quiz Chapter 3: Contemporary organizations design quiz Chapter 4: Negotiation and conflict management quiz Chapter 5: Strategic management quiz Chapter 6: Project activity planning quiz Chapter 7: Project auditing quiz The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. $0 $19.99. 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. Write well-defined tests for front-end and backend 4. The lowest-level activity in the breakdown of a project deliverable. ___ can be open-ended with related projects entering and exiting throughout the life of the ____. ______ defining a _____ can be both specific and generalized in nature. The person who provides the direction and the funding for the project. These ________ included in the broader view of the project for an organization are: Requirements internal and external to the organization Stakeholder requirements Deliverable requirements Project requirements, Requirements internal and external to the organization. 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. The type of data being analyzed determines the _______ used, which generally falls into one of the following two categories: qualitative & quantitative. This is all required specifications defining a deliverable. The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. Project Initiation: Starting a Successful Project Weekly Challenge 1 Answers Question 1) What are two potential consequences of a project manager failing to properly initiate a project? Many organizations find duplicate or unneeded projects after they perform which step in project portfolio management? D) variable cost. is simply the expected profit from a project investment. What is the impact of governance to managing an individual project? Greetings!! A collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. 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. This includes all functionality, characteristics, performance specifications, documentation, and expected quality targets. Project Management Test About the test: The project management test assesses a candidate's ability to plan projects from conception to implementation, map timelines, assess risks, allocate budgets, execute the project life-cycle in a phase-wise manner, manage stakeholders, debug issues and deliver a product or service. conceptual, planning, execution, and closure are the four places of what? Improve customer relations 3. Your project has expected cash inflows of $1.2 million in year 1, $2.4 million in year 2, and $4.6 million in year 3. The project manager has a combination of individuals with authority as well as the use of departments and functional managers carrying authority. International professional society for project managers. The minimum acceptable rate of return on an investment. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value, Operations Management: Sustainability and Supply Chain Management. The project's initial investment is $9.2 million. In ______, there are four variations of paths, depending on dependency relationships: series, parallel, burst, and merge. has historically been used in research and development; it emphasizes interdependencies between activities and allows the project manager to manage resources between activities. Selected intern's day-to-day responsibilities include: 1. All successor activities (B, C, D) can start only when that burst activity (A) has been completed. Financial resources 6. ONES TestCase. Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. Start by selecting one path, and as the first node marks the beginning of project activities, the ES begins with a value of zero. Costs that organizations have discretion in deciding whether to fund them. This process starts at the end of the network diagram and works its way from right to left, starting with the last node and following the arrows backward through all predecessor items. How accurate and complete is the information? Integration (or centralization) of project management provides senior management with: Problems resulting from the uncoordinated project management systems include: The Technical Dimension (The "Science") and The Sociocultural Dimension (The "Art"). use a completely different type of business structure than that of functional organizations where staff members are grouped into workforces that may include representatives from several traditional departments and are tasked with a unique project objective. \begin{matrix} A relationship wherein a successor activity cannot finish until a predecessor activity has started. Questions and Answers 1. 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. Have a specific objective. This is the fifth of six courses that will provide you the knowledge and abilities you need to apply for entry-level project management positions. The functional manager still holds authority over her department, but the project manager can hold an equal level of authority in overseeing resources from several departments in managing a project. -Consists of the formal, disciplined, purely logical parts of the process. Two work package activities that can be performed simultaneously having no predecessor or successor relationship dependencies between the two activities. Specialized staff called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects. Have defined start and end dates. 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. Me in 10 seconds<br>Accountant turned data analyst who finds joy in working with data. Microsoft AZ-104: Azure Administrator Exam Prep Test. When an organization has a change control process, an individual or team identified in the change control process must correctly analyze all information and authorize changes accordingly. most of the evaluation is to determine the value the project will bring to the organization and whether the organization has the capability to perform project activities. A. Compute Worley's customer margin for University and Memorial. task. The main traits of a project: A. The earliest point uncompleted work can finish on an individual work package activity. The return available by investing the capital elsewhere. 1. $$ VTEEN - Vanity Teen LLC - Fashion, Lifestyle, Culture Digital & Biannual print menswear magazine, founded in 2008 \textbf{Liabilities} & + & \textbf{Owner's Equity} & = & \textbf{Assets}\\ \hline Any project work activities that have to be completed before this activity can begin. The _______ is created during the charter process. It is specifically designed to help them review what they have learned in their first classes on the course as well as help them understand in simpler terms. 1. Facilities & equipment 5. Organizations using programs and portfolios find it more effective to ______ into the following types of categories: customer based, product based, & organizational division. completion of a required course in project management is an example of what? $$ Coordinates customer and/or industry requests relative to acquisition solutions to assist with general inquiries, training, or other facilitated conversations.
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