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