MGMT 404 Test 1 2023 with complete solution

What does SOX refer to in Chapter 1? a. "If red, a Boston baseball team, if white, one in Chicago" b. The Public Company Accounting Reform and Investor Protection Act c. An internet protocol that routes network packets between a client and server through a proxy server d. A short stocking reaching a point between the ankle and the knee The Public Company Accounting Reform and Investor Protection Act Which of the following is not true? a. Every Project is unique b. A project yields some specific output c. Projects are not repetitive d. iPhone production is an example of a project iPhone production is an example of a project Which one of the following is not an enterprise environmental factor? a. Mandatory project audit guidelines b. Commercial databases c. Political climate d. Industry standards Mandatory project audit guidelines The Project Charter is a major outcome of which process group? a. Initiating b. Planning c. Executing d. Monitoring and Controlling Initiating Which one of the following is not a knowledge area of the PMBOK? a. Time Management b. Quality Management c. Procurement Management d. Initiation Management Initiation Management The Verify Scope process is part of which process group? a. Planning b. Executing c. Monitoring and controlling d. Closing Monitoring and controlling You are meeting your friend for dinner at 7pm. You have a 1/3 chance of arriving after 7pm. Your friend has a 40% chance of arriving by 7pm. What is the approximate chance that both of you are eating at 7pm together? a. 27% b. 33% c. 40% d. 66% 27% "We project that we will spend $800,000 on the project. The benefits the first year are estimated at $1,200,000. What is the ROI?" a. "$400,000 " b. 50% c. 66.70% d. 150% 50% Under which organizational structure are resources fully available for project work? a. Balanced Matrix b. Strong Matrix c. Projectized d. Functional Projectized Under which knowledge area is the action of ensuring that we develop the right product to satisfy the needs for which the project was undertaken? a. Scope b. Quality c. Risk d. Communication Quality Which one of the following is not an input to the monitor and control work process? a. Performance reports b. Enterprise environmental factors c. Risk register d. Project management plan Risk Register What change request type is directions to perform an activity that will reduce the probability of negative consequences associated with project risks ? a. Corrective actions b. Defect repairs c. Prioritization d. Preventive actions Preventative actions Who can authorize the closure of a project? a. Project manager b. End customer c. Chairman d. Project sponsor Project sponsor Which one is not an input to developing the project charter? a. SOW (POS) b. WBS dictionary c. Contract d. Business Case WBS dictionary You are working on a project. You schedule an important task to take 3 people working at half time on the task. This represents which of the following project characteristics? a. Soft constraint b. Hard constraint c. Assumption d. Fasttracking Assumption Which one is a tool or technique for the perform integrated change control process? a. Expert judgment b. Variance analysis c. Inspection d. Quantitative risk analysis Expert Judgement Which scenario will trigger the closure stage of the project? a. An external event makes our project value zero (finishing it will not bring the value) b. The sponsor has left the company and no other executive will sponsor it c. The resources have stated that they will not work on project tasks anymore (weak matrix form) d. "The project has expended 90% of its budget, and only finished 20% of the tasks, so it is not possible finish close to budget" The sponsor has left the company and no other executive will sponsor it Which of the following is not an update to organizational process assets during closure? a. Updates to the project management plan b. Lessons learned database c. Project files archive d. Acceptance documentation Updates to the project management plan "The main purposes of directing and managing project execution include all of these, except:" a. Implementing approved changes b. Producing and distributing status information c. Producing deliverables d. Performing make or buy decisions Performing make or buy decisions Which of the following does not have to be in the project charter? a. Milestone schedule b. Communication management plan c. Project success criteria d. Project sponsor name and authority Communication management plan The scope baseline is an output of which process? a. Define scope b. Create WBS c. Control scope d. Collect requirements Create WBS Which one of the following is not a characteristic of the WBS? a. Has a code of account b. Is a step towards team building c. Done at initiating phase d. Is a reference for communication Done at initiating phase Which set of documents is in the correct order? a. "Project Scope Statement, Requirement Documentation, Statement of Work" b. "Requirement Documentation, Statement of Work, Stakeholder Register, WBS" c. "Project Charter, Stakeholder Register, WBS, Project Scope Statement" d. "Contract, Project Charter, Requirement Documentation, WBS" "Contract, Project Charter, Requirement Documentation, WBS" "What is the name of the technique for subdividing project deliverables into smaller, more manageable tasks?" a. Baselining b. Bottom up estimating c. Scope definition d. Decomposition Decomposition Which one is a tool or technique for the define scope process? a. Facilitated workshops b. Reserve analysis c. Control chart d. Make/buy analysis Facilitated workshops Which is the appropriate tool or technique for the control scope process? a. Product analysis b. Cost performance indices c. Analogous estimating d. Variance analysis Variance analysis You find out that a team member is working on adding additional features to your software project. What should you do? a. Fire the team member b. Tell them to stop immediately and only do what they were assigned to do c. Have them removed from the project team d. Find out where the request came from and process it through the integrated change request process. Find out where the request came from and process it through the integrated change request process.