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Project Management Sophia Milestone 1,2,3&4,100% CORRECT

Which of the following is true regarding project methodologies?  The iterative methodology works better with an easily defined project.  The iterative methodology involves a more traditional... approach.  The phase-based methodology allows for frequent adaptations.  The phase-based project methodology goes through phases sequentially. CONCEPT Project Methodologies 2 Which of the following scope elements answers a "What" question in developing the scope document?  Documenting stakeholder expectations  Project benefits  Purpose for project initiation  Project estimates CONCEPT Project Scope 3 An expectation that is related to how the project manager manages the project is a __________ expectation.  project outcome  project benefit  deliverables  process CONCEPT Gathering Stakeholder Expectations: Types of Expectations 4 Which of the following is derived from the business case?  Goals for the project  Risks that affect the project  Deliverables produced by the project  Assumptions people have about the project CONCEPT Defining Project Rationale 5 Which of the following was an intangible benefit when a large corporation implemented a company wellness plan to encourage and support healthy employees' lifestyles?  Reduced sick days taken  Improved productivity  Reduced payments for insurance  Better decision-making capabilities CONCEPT Defining Project Rationale 6 What is the first step a project manager performs after officially beginning a project?  Create a scope document  Assign tasks to the project team members  Create a project plan  Communicate the rules of project governance CONCEPT Project Scope 7 Which of the following stakeholders is responsible for completing assigned work needed to produce a deliverable?  Project team member  Project manager  Key decision maker  Project sponsor CONCEPT Project Stakeholders 8 Which of the following describes a program?  Group of work with well-defined results  Several activities that are recurring  Several projects that address the same opportunity  Has a specific budget and end date CONCEPT Project Management 9 If a marketing department will create an advertising campaign for cereal in an effort to increase sales by 12% by the end of the second quarter, which component of SMART below does the phrase “increase sales by 12%” represent?  Action-oriented  Time phased  Measurable  Simple CONCEPT Writing SMART Goals 10 Which of the following responsibilities is performed by a project manager?  Manages the overall direction of a group of related projects  Manages a set of deliverables, budget, and team members  Holds the ultimate decision making authority within the project  Manages the day-to-day operations of a business CONCEPT Project Management 11 Elizabeth is planning a high school reunion at the city park. When researching the weather, she found that there was a 15% chance that it would rain on the selected weekend. However, if it did rain, it would be a disaster -- they would have to rent a tent to cover the seating area, they wouldn't have any indoor space for the caterer, and their DJ wouldn't be able to perform. Which of the following lists the corresponding degree of probability and the level of impact that a rainy weekend would have?  Medium probability and medium negative impact  High probability and medium negative impact  Low probability and high negative impact  High probability and high negative impact CONCEPT Identifying Project Risks 12 Which of the following correctly describes the impact of a risk?  Impact is derived from documenting assumptions about the project.  Impact is used to determine the methodology for a project.  Impact is the effect a risk has on progress towards completion.  Impact is the chance a risk will happen during a project. CONCEPT Identifying Project Risks 13 Which of the following pairs of items occur during Phase 1 of the project life cycle?  Works with stakeholders to define purpose of project; assigns work to team members  Estimates resources needed for the project; works with stakeholders to define purpose of project  Assigns work to team members; finalizes the costs for completing project deliverables  Finalizes the costs for completing project deliverables; estimates resources needed for the project CONCEPT Project Life Cycle & Processes 14 If Olivia managed a project to create a new advertising campaign for a client and estimated the price for purchasing three new licenses for graphic development software, which of the following estimate types did she make? [Show More]

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