Project Management Quiz 3 & 4

According to the PMBOK, the rough order of magnitude for the summary budget within the project charter is _____

-25% to +75% accuracy

After identifying potential project risks, the project team should then ____

Assess each risk based on probability and likely impact, and then create a risk response plan for each major risk

The project charter should include "factors that are considered to be true, real or certain without proof or demonstration." These are known as ______.

Assumptions

PMI's Code of Ethics and Professional Conduct is a guide for project management practitioners that describes the expectations that they should hold for themselves and others. Which of these is NOT one of the desired behaviors and basic obligations referenced by the code of conduct?

Authority

"It is inconvenient and time consuming for employees to walk across campus every day to eat lunch, which is why we need an employee lunchroom in our building" is an example of:

Business case

The project sponsor's responsibilities during the executing stage include:

Ensuring communications with key stakeholders

The Chief Projects Officer's or PMO's responsibilities might include:

Ensuring enough resources are available to perform the project

Characteristics of an organizational culture can have a major impact on a project's success. All of these are attributes of an organizational culture except:

Financial control procedures

All of the following are characteristics of a projectized organization except:

Functional managers have the majority of authority

A hierarchical organization where each employee has one clear superior, and staff are grouped by areas of specialization and managed by a person with expertise in that area is known as a:

Functional organization

The charter is the primary deliverable of a project's ____ phase

Initiating

______ organization structures can be classified as weak, balanced, or strong, depending on the relative level of influence between the functional manager and the project manager

Matrix

What information does the project charter contain that signifies how the customer or user of the final project, service, or result will judge the deliverables, in order to determine that they have been completed satisfactorily?

Measurable objectives and acceptance criteria

You are the project manager. Upon presenting your charter to your sponsor, she requests several changes. What do you do?

Negotiate with your sponsor to see how you can best accommodate her requests without agreeing to unreasonable expectations

Customer responsibilities on a project might include all of the following except:

Perform the work of the project to achieve its objectives

Group phenomena that evolve over time and include established approaches to initiating and planning projects, the acceptable means for getting the work done, and recognized decision-making authorities are referred to as:

Project culture (norms)

Which of the following is not a purpose of an approved project charter?

Provides detailed information about financial resources

Adding to the project after it has already begun without making adjustments to time, cost, or resources, is known as:

Scope creep

What project charter component documents significant points or events in the project and, per the author may be developed most effectively when combined with other information such as acceptance criteria?

Summary milestone schedule

The signing of the project charter represents all of these except:

The formal approval of the detailed project schedule

In an agile life cycle model, _____

The team is self-directed

Milestone Schedule

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

Lessons Learned Register

an accumulation of the knowledge gained during previous projects' selection, planning, and executing that can be easily referenced to help with planning and executing future projects

Scope Creep

an incremental increase in the work of a project without corresponding adjustments to resources, budget, or schedule

Risk

an uncertain situation that could negatively or positively affect the project if it occurs

Constraint

anything that limits the implementation of a project

Requirements

attributes that need to be present in order to satisfy a contract, client, or other stakeholder

Product Scope

characteristic features and functions of what is being created

Lessons Learned

represent the knowledge acquired by the project team throughout the project planning and execution, including things that should be replicated and things that should be avoided on future projects

Acceptance Criteria

stipulate which conditions must be met in order for the deliverables to be approved

Assumptions

suppositions made during project planning that are treated as correct or factual, though they have not been proven