Project Management (Chapters 1-5) Exam
Questions With Correct Answers
Traceability - CORRECT ANSWER✔✔-The tracking of something from the
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beginning to end. | |
Two things (or metrics) to combine that make a project valuable - CORRECT
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ANSWER✔✔-(1) something to compare to and (2) come up with a trend to see
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how things are going over time.
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Metrics - CORRECT ANSWER✔✔-Measures an organization's activity
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performance.
Work Breakdown Structure (WBS) - CORRECT ANSWER✔✔-A selective outline of
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the project used for collecting information to use through all phases of the life
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cycle, to meet needs of all stakeholders, and measure performance against the
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strategic plan of the organization. *Gives you the activities you need to be able to
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create the project plan.
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How would you use a weighted scoring matrix to decide on a movie to see? -
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CORRECT ANSWER✔✔-Come up with criteria for each movie and rate each
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criteria's importance to you, such as movie ratings, times, genres, sold out or not,
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reviews, etc.
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, Business Case - CORRECT ANSWER✔✔-A wish-list of projects used for selecting
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projects after the strategic management process.
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4 Items Included in a Business Case - CORRECT ANSWER✔✔-(1) cost, (2) time, (3)
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how it's aligned with vision/goals, (4) risk.
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Work Package - CORRECT ANSWER✔✔-The basic unit for planning, scheduling,
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and controlling the project.
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The lowest level of the WBS - CORRECT ANSWER✔✔-Work package
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6 Items Included in Each Work Package - CORRECT ANSWER✔✔-(1) defines work -
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what
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(2) identifies time to complete a work package - how long
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(3) identifies and time-phased budget to complete work package - cost
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(4) identifies resources needed to complete a work package - how much
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(5) identifies a single person responsible for units of work - who
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(6) identifies monitoring points for measuring progress - how well
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Project Manager - CORRECT ANSWER✔✔-Person who comes up with a business
| | | | | | | | | | |
plan.
Functional Manager - CORRECT ANSWER✔✔-Person who figures out what
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projects to do that will support the company and comes up with a business case
| | | | | | | | | | | | | | |
to justify that project.
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Questions With Correct Answers
Traceability - CORRECT ANSWER✔✔-The tracking of something from the
| | | | | | | | |
beginning to end. | |
Two things (or metrics) to combine that make a project valuable - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-(1) something to compare to and (2) come up with a trend to see
| | | | | | | | | | | | | |
how things are going over time.
| | | | |
Metrics - CORRECT ANSWER✔✔-Measures an organization's activity
| | | | | | |
performance.
Work Breakdown Structure (WBS) - CORRECT ANSWER✔✔-A selective outline of
| | | | | | | | | |
the project used for collecting information to use through all phases of the life
| | | | | | | | | | | | | |
cycle, to meet needs of all stakeholders, and measure performance against the
| | | | | | | | | | | |
strategic plan of the organization. *Gives you the activities you need to be able to
| | | | | | | | | | | | | |
create the project plan.
| | | |
How would you use a weighted scoring matrix to decide on a movie to see? -
| | | | | | | | | | | | | | | |
CORRECT ANSWER✔✔-Come up with criteria for each movie and rate each
| | | | | | | | | | |
criteria's importance to you, such as movie ratings, times, genres, sold out or not,
| | | | | | | | | | | | |
reviews, etc.
| |
, Business Case - CORRECT ANSWER✔✔-A wish-list of projects used for selecting
| | | | | | | | | | |
projects after the strategic management process.
| | | | |
4 Items Included in a Business Case - CORRECT ANSWER✔✔-(1) cost, (2) time, (3)
| | | | | | | | | | | | | |
how it's aligned with vision/goals, (4) risk.
| | | | | |
Work Package - CORRECT ANSWER✔✔-The basic unit for planning, scheduling,
| | | | | | | | | |
and controlling the project.
| | |
The lowest level of the WBS - CORRECT ANSWER✔✔-Work package
| | | | | | | | |
6 Items Included in Each Work Package - CORRECT ANSWER✔✔-(1) defines work -
| | | | | | | | | | | |
what
|
(2) identifies time to complete a work package - how long
| | | | | | | | | |
(3) identifies and time-phased budget to complete work package - cost
| | | | | | | | | |
(4) identifies resources needed to complete a work package - how much
| | | | | | | | | | |
(5) identifies a single person responsible for units of work - who
| | | | | | | | | | |
(6) identifies monitoring points for measuring progress - how well
| | | | | | | | |
Project Manager - CORRECT ANSWER✔✔-Person who comes up with a business
| | | | | | | | | | |
plan.
Functional Manager - CORRECT ANSWER✔✔-Person who figures out what
| | | | | | | | |
projects to do that will support the company and comes up with a business case
| | | | | | | | | | | | | | |
to justify that project.
| | |
