Management of projects final

agile manifesto

"individuals and interactions over processes and tools" is one of four tenets of what agile document

all the work packages and the resources assigned for various responsibilities regarding each work package.

A common tool project teams use is a responsibility assignment matrix (RAM). Typically, this chart will depict:

the Delphi technique

A technique for risk evaluation that uses a questionnaire, a series of rounds, and reports submitted confidence and then circulated with the source unidentified is called:

number of units produced

Activity based costing allocates overhead (indirect costs) to fixed costs based upon four different types of drivers. Which of the following is one of the cost drivers that serves as a basis of cost allocation?

updating the project management plan

Closure of a Project generally entails all of the following except

Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project.

Complex projects such as research and development for new products often employ rolling wave planning to estimate costs. Which of the following best describes "rolling wave" planning?

recurring costs

Costs that repeat as project work continues such as the cost of writing code or laying bricks are appropriately classified as:

research, share, avoid, transfer, and enhance

Identify five common project risk strategies employed to address threats that your project may face.

estimate cost.

The process of developing an approximation of monetary resources needed to complete project activities is known as:

Variation occurs in all work processes and the novelty associated with most projects creates many opportunities for variation.

There are many causes of variation in project costs. Which of the following accurately describes the nature of this variation?

an indented outline format

WBS can be displayed in a variety of formats including

Celebrate

What is one of the most important events at the end of a project that a PM should do for the team that is often overlooked because it is seen as frivolous

Plan risk response

What is the last step under planning for risk knowledge area

project management Professional

What is the top level project management certification from PMI

WBS

a tool (artifact) that a team uses to progressively divide and document deliverables into smaller and smaller pieces or work packes is a

Authority - exert economic and political power

according to PMI code of ethics and professional conduct, managers should not exhibit

predecessor

an activity that determines when the logical successor activity can begin or end is called

unity of command- all workers clearly understand what they need to do because only one boss is giving them instructions

an advantage associated with managing projects in a functional organization

scope creep

an uncontrolled expansion to product or project scope without adjustments to time cost and resources is called

ev/ac

cpi=

What type of cost is incurred when a project must be conducted faster than normal, and overtime for workers and / or extra charges for rapid delivery from suppliers are necessary?

expedited costs

agile

scrum is a form of project management that falls under what type of project management

storming

team development stage where team members jockey for power, ask questions, and establish dubious goals

predecessor activity

the activity that determines when the logical successor activity can begin or end is called

initiating

the charter is the primary deliverable of which project phase

assumptions

the charter should include factors that are considered to be true, real or certain without proof or demonstrations

5-9

what is the approximate ideal scrum team size

estimate activity durations

you are the project manager. your team has completed a thorough WBS and begun specifying the particular activities associated with each work package. they then put these event in order and determine dependencies. what is the next step in the process of planning

(Optimistic+4(Most likely )+pessimistic)/6

Pert Formula

stages of team development

Which of these is NOT an issue to be considered when selecting team members?

critical path

it consists of only activities with zero float (slack)

sprint

the time box for a scrum project is called a

Integration

what is the first Knowledge area

An organization must know details behind the time value of money.

All of the following factors must be in place in order to develop an analogous estimate effectively EXCEPT:

known unknowns

Events discovered during Identify Risks that may or may not occur are often categorized as:

Qualitative

Identifying a risk as high, moderate, or low would be an example of which risk assessment?

-$50,000

If there is a 40% chance of making $100,000 and a 60% chance of losing $150,000, then the expected monetary outcome is:

executive salaries, utilities and insurance

Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one specific project. Which of the following items are most typically considered to be indirect costs?

cost baseline.

The _________is the approved budget, usually in a time distribution format, that is used to estimate, monitor, and control the overall cost performance of the project.

bottom-up estimating

Which estimating technique decomposes the work into lower, more detailed pieces, preferably the lowest level of WBS work elements, for which estimates are prepared and then aggregates them into a total quantity for the project?

A risk may impact the project in a positive or negative way.

Which of the following accurately describes risk in project management?

The team lists the risk as the "effect" in a box at the head of a fish, then names the big bones.

Which of the following describes how the team uses a cause-and-effect diagram to support project risk analysis?

Team members assess the probability of occurrence and severity of impact for identified risks.

Which of the following describes the activities appropriately performed by the project team during Perform Qualitative Risk Analysis?

Sensitivity Analysis

Which of the following quantitative risk analysis techniques is used to determine which risks have the most powerful impact on the project, with results displayed in the form of a tornado diagram?

reserve

Which of the following terms best describes extra money in the project budget to be used if necessary - usually if a risk event occurs?

they must effectively deal with networks of people both within and outside the company

a challenge faced by project managers

finish-to-start

a common type of logical dependency used to sequence project activities

project charter

a document that serves as an informal contract between the project team and project sponsor

milestone schedule in the project charter

a high level plan that indicates a few significant accomplishments anticipated over the life of the project

gnatt chart

a horizontal bar chart that shows each activity on a separate one with the bar placed from the early state date to the earl finish date is known as

create a detailed plan

a project charter grants the project team the right to

business case, milestone schedule, resources and estimates, and team operations principles

contents of the project charter

forming, storming, norming, performing, adjourning

five stages of team development

project management process groups

in the PMBOK, the logical groupings of the five project management processes to achieve specific project objectives are called

change request

is a written request or formal proposal to propose changes to any project planning component such as a document, project deliverable, or baseline

measurable- to track progress

many writers have stated that for the strategic objective to be effective they should be

matrix organization

organizational structure designed to achieve a balance of task focus and technical capability

a specific group of related projects, subprograms, and program activities

portfolios deal with all of an organizations projects, while programs deal with

Actual cost + Estimate to Complete

the estimate of completion is determined by adding what two factors

charter

the informal contract between a sponsor and project team is called a

decomposition

the method of dividing the project scope into many parts that, when combined, would constitute the project deliverable

Validate scope

the process of formalizing acceptance of the specific completed project deliverables is known as

stakeholder analysis

the process of gathering and evaluating information to determine whose interests should be emphasized throughout the project

work package

the work component at the lowest level f the WBS for which cost and duration can be estimated and managed

work package

the work component at the lowest level of the WBS for which cost and duration can be estimated and managed is called

project management

uses knowledge, skills, tools, and techniques to meet stakeholder needs and expectations

product backlog

what is an ordered list of everything that is known to be needed in a product for a scrum project

definition of done

what is one of the most important things to determine if a story has been completed

Plan Schedule Management

what is the first step of the schedule knowledge area under planning

Change Control Board

what is the group designated to formally review project change requests

15 minutes

what is the normal length of a daily stand up

sprint retrospective

what meeting is meant for the scrum team to inspect itself and employ lessons learned

Parametric

what type of estimating uses a statistical relationship between historical data and other variables such as square footage

request for quotation

what type pf procurement document is used when discussions with bidders are not required and only budgetary numbers are needed

unclear or unrealistic stakeholder expectations

what will cause a project to fail

software development package

which of the following is a good use of a scrum as a project management technique

provides detailed information about financial resources

which of the following is not a purpose of an approved project charter

Matrix organization

which of the following organizational structures is designed to achieve a balance of task focus and technical capability

assigned by the performing organization to lead the team that is responsible for archiving the project objectives

which of the following roles is typically associated with the project manager

The procurement management plan

which part of the project management plan describes how a project team will acquire goods and services from outside the performing organization

Pareto Diagram

which quality control tool is a special type of vertical bar chart that is used to identify the primary sources that are responsible for causing most of a problems effect

signatures and commitment

which section of the project charter publicly acknowledges the commitment o the sponsor, managers, and team members of the project

Ishikawa

who developed the cause and effect diagram

scrum master

who is responsible for helping the team understand scrum theory, practices, rules, and values

Jake collins

who was the construction project manager on the convocation center