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FiveStarLaw
FiveStarLaw, Doctoral Degree
Category: Multiple Problems
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Experience:  Lawyer, Accountant and Researcher
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1. Which of the following statements accurately describes a

Customer Question

1. Which of the following statements accurately describes a project management plan? (Points : 5)
A formal document that defines how the project is initiated and planned.
A formal document that defines how the project is executed, monitored and controlled.
A formal document that defines how the project is terminated and closed.
A formal document that is the legal contract for the project.


2. Which of the following statements accurately describes the approach that project managers should take to develop relationships with key stakeholders? (Points : 5)
The project manager should defer building relationships with external stakeholders until after the core team is on sound footing.
It is better to ignore an unhappy stakeholder than to let him or her disrupt a project.
Project managers should seek to understand what motivates each stakeholder.
Stakeholders should be involved at the completion of the project.


3. Which of the following responses most accurately depicts the correct sequence of activities in the strategic planning process? (Points : 5)
strategic objectives - strategic analysis - guiding principles - flow-down objectives
guiding principles - strategic analysis - strategic objectives - flow-down objectives
strategic analysis - guiding principles - strategic objectives - flow-down objectives
guiding principles - strategic objectives - flow-down objectives - strategic analysis


4. Which of the following items best depicts the scope definition process? (Points : 5)
It begins by clarifying project objectives and culminates in a baseline scope statement.
It begins by establishing a scope baseline and culminates in scope verification.
It begins with user requirements and culminates in a product specification.
It begins with identifying resource levels and a timetable.


5. Which of the following items best describes a project Work Breakdown Structure (WBS)? (Points : 5)
An organizational chart depicting who will perform project work.
A schedule depicting when project work will be performed.
A framework that identifies project deliverables.
A budget for project costs.


6. A deliverable at the lowest level of each branch of a work breakdown structure is known as: (Points : 5)
a work element.
a work package.
a work unit.
a work cell.


7. A scheduled activity that determines when a logical successor activity can begin and end is known as: (Points : 5)
a catalyst activity.
a predecessor activity.
a leader activity.
a starter activity.


8. The total number of work periods (not including holidays or other non-work time) required to complete a scheduled activity is known as: (Points : 5)
effort.
elapsed time.
duration.
scheduled time.


9. Which of the following statements correctly describes the critical path? (Points : 5)
It is the shortest sequence of activities through the project network.
It determines the latest possible end date of the project.
It consists only of activities with zero slack.
It consists of the most important activities in the project.


10.

Figure 7-1

Consider the Assembly Project depicted in Figure 7-1. Based on the information provided, what is the early start date for activity D - “Attach Modules 1 & 2”?
(Points : 5)
Day 0.
Day 3.
Day 4.
Day 5.


11.


Figure 7-1

Consider the Assembly Project depicted in Figure 7-1. Based on the information provided what is the amount of slack in Activity B – “Assemble Module 1”?
(Points : 5)
0 days.
1 day.
2 days.
not enough information to determine.


12. Projects often include indirect costs that are not associated directly with one specific project. Which of the following items are most typically considered to be indirect costs? (Points : 5)
Costs associated with material, travel and purchased parts.
The cost of labor provided by project team members, consultants and subcontractors.
Executive salaries, utilities and insurance.
Specialized equipment rented for a particular task.


13. Which of the following terms best describes the amount of funds needed above the estimate to reduce the risk of overruns? (Points : 5)
Contingency reserve.
Insurance funds.
Project padding.
Discretionary funds.


14. The approved time-phased budget against which project execution is compared and deviations are measured for management control is known as: (Points : 5)
a measurement baseline.
a cost baseline.
a control standard.
the PERT/CPM chart.


15. Which of the following describes the activities appropriately performed by the project team during qualitative risk analysis? (Points : 5)
Team members assess the probability of occurrence and severity of impact for identified risks.
Team members develop contingency plans for even minor risks to avoid adverse impacts to project objectives.
Team members identify potential risk events.
Team members consult with stakeholders concerning responsibilities.


16.
ID Risk Event Likelihood Severity
A Project requires new technology and support structure Medium Low
B Web infrastructure lacks sufficient transaction capacity Medium High
C IS resources are spread too thin High High
D The intranet site suffers a security breach Low High
Figure 10-1 Excerpt from Internet Project Risk Register
Consider the excerpt of the Internet Project risk register presented in Figure 10-1. Which of the following risk events should receive the highest priority for the development of risk responses?
(Points : 5)
A - project requires new technology and support structure.
B - web infrastructure lacks sufficient transaction capacity
C - IS resources are spread too thin
D - The intranet site suffers a security breach


17. One useful method of process improvement involves consideration of how another organization performs a process with an eye toward determining how to improve your own performance. This method is known as: (Points : 5)
comparative improvement.
benchmarking.
variance analysis.
peer review.


18. Which of the following serves as an important guideline concerning project inspections? (Points : 5)
Inspect after critical or expensive processes to make sure the inputs are good.
Inspect prior to key work handoff points.
Inspect at milestones identified in the project schedule.
Inspect only as a last resort.


19. A project team attempting to complete the administrative closure of a project should review which of the following to ensure the customers are satisfied that all required work was accomplished? (Points : 5)
The project charter.
The scope verification.
The communication plan.
The stakeholder sign-off.


20. The Budget at Completion (BAC) is the sum of all budgeted values established for the work to be performed on a project. As such it is equivalent to: (Points : 5)
the total planned value of the project.
the total earned value of the project.
the total actual cost of the project.
the total amount of resources remaining at the end of the project.
Submitted: 2 years ago.
Category: Multiple Problems
Expert:  FiveStarLaw replied 2 years ago.
Welcome,

These questions were very difficult. I was not able to answer the questions that referred to figures or charts that were not shown.

Here is my answer for comparison with your own:

1 A formal document that defines how the project is executed, monitored and controlled.
2 Project managers should seek to understand what motivates each stakeholder.
3 strategic analysis - guiding principles - strategic objectives - flow-down objectives
4 It begins by clarifying project objectives and culminates in a baseline scope statement.
5 It begins by clarifying project objectives and culminates in a baseline scope statement.
6 a work package.
7 a predecessor activity.
8 duration
9 It determines the latest possible end date of the project.
10 no figure provided
11 no figure provided
12 Executive salaries, utilities and insurance.
13 Contingency reserve
14 a cost baseline.
15 Team members consult with stakeholders concerning responsibilities.
16 no figure provided
17 benchmarking.
18 Inspect after critical or expensive processes to make sure the inputs are good
19 The stakeholder sign-off.
20 the total planned value of the project.

If you have any further questions, I am happy to assist you. You can start your new question with "for WebLaw" and send it to the appropriate legal, tax or homework category so that the question is directed to me and I can give your question my immediate attention

Thank you very much,
WebLaw
FiveStarLaw, Doctoral Degree
Satisfied Customers: 36551
Experience: Lawyer, Accountant and Researcher
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