Sophia Project Management Milestone 2 All correct answers

Sophia Project Management Milestone 2 All correct answers 1 Which of the following is the first step in creating a WBS? Identify all activities needed for the project Verify that the work has been properly sequenced Refer to the scope to identify the deliverable Identify all tasks needed to make the work manageable CONCEPT Creating a WBS 2 Which of the following is correct about gaining approval for a project plan? The schedule cannot be adjusted. The plan is accepted as is. Most projects require formal stakeholder approval. Before it can be approved, the plan must be established as the baseline for the project. CONCEPT Gaining Approval 3 Which of the following does NOT affect a time estimate? Equipment availability Effort estimates Schedule dependencies Communication requirements CONCEPT Time and Effort Estimates 4 Allen needs to know about actions related to a project he is associated with, however, he is not asked to provide advice and he has no decision-making authority. Which of the following RACI elements is assigned to Allen? Responsible Consulted Informed Accountable CONCEPT Responsibility Matrix 5 Which of the following individuals listed in the RACI performs the project work? Informed Accountable Consulted Responsible CONCEPT Responsibility Matrix 6 What of the following information is NOT included in the risk register for a project? Date risk recorded Classification of risk Description of risk Impact to project budget CONCEPT Classifying and Recording Risks 7 Which of the following is the longest string of dependent project activities required to complete a project in the shortest amount of time? Effort estimate Resource estimate Critical path Project schedule CONCEPT Project Schedule 8 Which of the following components of a project plan is completed first? Work breakdown structure Project budget Risk management plan Project schedule CONCEPT Project Planning 9 When developing the project budget, it is useful to refer to the project schedule. What information does the project schedule provide? Effort estimates for completing deliverables Documentation of costs related to similar deliverables A helpful reminder of planned project outcomes A list of identified requirements for deliverables CONCEPT Project Budgeting 10 In which of the following ways are activities different from tasks? Tasks are subordinate to activities. Tasks are used for sequencing the project work. Activities are minor pieces of project work. Activities provide specificity regarding the project work. CONCEPT Creating a WBS 11 Which of the following budget methods provides a quick start to the budget development process? Comparison Reserves Roll-up Actual CONCEPT Budget Methods and Evaluation 12 Tracy managed a project for a publishing company. Her team worked with a college professor to publish a new math textbook. Which scenario illustrates a resource risk? The copy editor for the textbook becomes seriously ill, so Tracy must hire a new copy editor. The professor refuses to approve the cover of the book. The author thought that the publishing team would create the end-of-chapter questions and answers. The original estimate for binding the books was two weeks. The bindery informs Tracy that it will take three weeks to complete the binding process. CONCEPT Planning Phase Risks 13 Which budgeting method below identifies money that should be added to a project budget to cover cost changes for a project? Reserves Actual Comparison Roll-up CONCEPT Budget Methods and Evaluation 14 There are several factors that impact a project schedule. How is the factor of time defined? The number of days or weeks needed to complete an activity Only the hours spent working on an activity The ratio of cost to speed needed to complete an activity The number of people needed to complete an activity CONCEPT Project Schedule 15 Which of the following is true about assigning people to tasks? A project team member can be assigned to a task. The project manager is the backup assignment for all project tasks. Contracted resources should not be used for task assignments. A different task should be assigned to every member of the project team. CONCEPT Assigning People to Tasks 16 Which of the following is key to successfully communicating the status of project work? Informing all stakeholders Documenting responsibility Maintaining confidentiality Enforcing accountability CONCEPT Status Reporting Plan 17 James manages a project to build a new pavilion at an elementary school. The concrete floor takes three hours to pour, and three days to set. Which of the following best describes the time between when the concrete is poured, and when the floor is done? Lead time Overall time Dependent time Lag time CONCEPT Sequencing & Dependencies 18 Which of the following is true regarding project planning? Multiple components can be worked on at the same time. Once a component is defined, it is not revisited again. The project plan can be completed without including a communication plan. The work breakdown structure is completed last. CONCEPT Project Planning 19 Lauren adds a vegetable garden to her already-extensive backyard gardens. She tends her vegetable garden with her collection of tools, which includes a shovel, a hoe, and a spade. She waters the garden with a sprinkler system connected to her well. Which item below is paid for by the budget for her project? Tomato plants Spade for planting Shovel for digging Water for plants CONCEPT Project Budgeting 20 Which of the following risks is considered bad but survivable? Medium probability High probability High impact Medium impact CONCEPT Classifying and Recording Risks 21 Which of the following are considered only people project resources? Equipment, project manager, vendors Project support staff, software developer, equipment vendor Project manager, software, equipment vendor Project support staff, software developer, machinery CONCEPT Resource Planning 22 Which of the examples below is considered a time and materials contract? A construction contractor agrees to provide subcontractors to pave a parking lot for $22,000. A software developer agrees to produce a program for $10,000. A painting contractor agrees to paint a building for $12,000, which includes materials. An outside consultant agrees to produce a report for $35 per hour worked, plus $2.00 per page for his report. CONCEPT Procuring Resources