Estimate of time required to complete the activity. is simply the expected profit from a project investment. The company broke its selling and administrative expenses into five activities as shown below: Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. Master's degreeWind Power Project management (1-year) 2021-2022. It outlines not only key stakeholders on the project, but also their needs and requirements as well as their relationship to the project and authority level on the project. Coordinates customer and/or industry requests relative to acquisition solutions to assist with general inquiries, training, or other facilitated conversations. In-house technology 2. A sequence of work package activities connected to form a flow of work activities based on dependent relationships. Provides reports to management, as required. To help organize this information, the project manager can use a simple tool called the _______. Conducts project management, including establishing reporting requirements, task progress, and deliverable due dates. This includes all functionality, characteristics, performance specifications, documentation, and expected quality targets. The process of determining whether an organization requires a formal project management process is usually accompanied by a set of questions. This task can be accomplished using a _________. Ex. \text{Number of deliveries} & \text{10} & \text{25}\\ Sample Papers. The following example illustrates how a _______ process is conducted. The selection model should require a review of the organization's capabilities, level of technology, and general fit in the current business portfolios of projects. Project Management - Quiz 1 - Your test grade is 100% The professor has configured this test to allow students to: Show Questions Answered Project Management - Quiz 1 - Your test grade is 100% The. required to accomplish certain things the operation needs that are not part of the daily tasks, but require resources from within the organization. A technique that provides a systematic process for basing project selection on numerous criteria. Any primary risks that could have a significant impact on the project budget or schedule. 1. The _______ is created during the charter process. Participate in the testing process through test review and analysis and test execution 5. If you choose to learn more about project management, look no further than this quiz. The person who provides the direction and the funding for the project. Are there constrictions right? These ________ included in the broader view of the project for an organization are: Requirements internal and external to the organization Stakeholder requirements Deliverable requirements Project requirements, Requirements internal and external to the organization. \text{Number of manual orders} & \text{0} & \text{30}\\ Practice all cards. Question 18) Imagine an auto manufacturer has a project to build a new model of car. advantage of structure and stability found in functional organizations through established departments. Die Zahlen des RKI zu Corona im News-Blog. Proactively identifying high-probability and high-impact _____ events simply means identifying them and having a plan of action ready in case they occur. Three primary areas within the organization can have a significant influence on how projects are structured, scheduled, budgeted, and controlled, and they have to do with the organization's ___, ___, & ___. The unique result, time limit, goal-oriented. Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. is the most critical process of the project life cycle because it not only defines the details of project deliverables, but also yields definitions in the structure of all work activities required to meet project objectives. Some of the questions include: Are the tasks complicated? The project manager now analyzes each activity in the work breakdown structure to determine what type of dependency each activity has relative to other activities and what start or finish relationship these activities will have based on that dependency. Multinational Manufacturing Company. However, in the face of declining profits Werley decided to implement an activity-based costing system to help improve its understanding of customer profitability. True. Structure - Functional, matrix, or projectized. A grouping of related projects. Identify the five steps involved in the managerial decision-making process. Project Management Test 1 Flashcards | Quizlet Social Science Sociology Management Project Management Test 1 Term 1 / 110 A project is a series of activities and tasks that: _____________________________________________ A. The featured exercises and quizzes will facilitate your vocabulary and process concepts. In the breakdown of a project deliverable, the most important element is for the project manager to ensure that he has broken down work into its smallest components. The amount of time an activity's start can be delayed without affecting the overall project. Explain. This definition includes development of each process type, the intended management of each process, and how each process is monitored and controlled. We apologise for any inconvenience this may cause. _______ can reveal performance of not only employees but also external subcontractors who were used; this information can be valuable in defining the requirements of subcontractors for a new project. & For Mobile User You Just Need To Click On Three dots In Your Browser & You Will Get A "Find" Option There. Compute the activity rate for each activity cost pool. A) product cost $$, $$ A gile Project Management Quiz Answers Week 1. \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ Microsoft AZ-104: Azure Administrator Exam Prep Test. Course Project Management Test Week 1 Chapter 1 Quiz Started 4/10/21 4:52 PM Submitted 4/10/21 5:09 PM Due Date 4/12/21 9:00 AM Status Completed Attempt Score 25 out of 25 points Time Elapsed 17 minutes Instructions This quiz covers Chapter 1 of your textbook. $$ All successor activities (B, C, D) can start only when that burst activity (A) has been completed. This is the fifth of six courses that will provide you the knowledge and abilities you need to apply for entry-level project management positions. Organizations that conduct business with a combination of projects and other business services or manufacturing may have project managers overseeing projects with a level of authority predetermined by upper management. Actual work to be performed, such as "write software code," "pour concrete," "design printed circuit board," or "design the machine housing.". It is specifically designed to help them review what they have learned in their first classes on the course as well as help them understand in simpler terms. The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. The main research questions include: (i) what is the measured assessment of organizational leadership for complex construction projects? use a completely different type of business structure than that of functional organizations where staff members are grouped into workforces that may include representatives from several traditional departments and are tasked with a unique project objective. Estimate of total cost to complete activity. Currently the application is able to support a proper number of users assuring the required responsiveness. A firm believer in lifelong learning. -Governance signals to the project manager that decisions at a higher level can impact the management of an individual project. The code is as follows. The person responsible for working with the project sponsor, the project team and other people involved in a project to meet project goals. Differentiating characteristics of projects from routine, repetitive daily work are below: A defined life span A well-defined objective Typically involves people from several disciplines Human resources 3. Selected intern's day-to-day responsibilities include: 1. _______ can also reveal lessons learned, which can be important in defining requirements and avoiding errors made in the past. __ is the earliest time an activity can begin (a) EFT (b) LST (c) LFT </p> <pre><code>using System; using System.Data; using System.Data.OleDb; using System.Windows.Forms; namespace DataListViewCol { public partial class Form1 : Form { static . To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. Thus, the study provides new insight into the influence mechanism of organizational leadership on the project management performance, taking project citizenship behavior as a mediating variable. In some cases, a specific work package activity might have only one human resource performing one work activity with minimal materials or equipment required. Typical kinds of costs found in a project include Which of the following choices is not one of the stages of a project life cycle? The ______ analysis starts with a component, such as the final deliverable, and asks whether or not it can be broken up. Link to Project Management MCQs (PDF) is given below. _______ can be in the form of specific documents, analyses results, financial information, critical market timing data if applicable, and effective communication requirements of critical information. _____ also can have a start but not necessarily an end. This test is designed in a manner so as to offer a wide range of. The project manager's ambition is to get as much done as possible within a specific time frame with a limited budget. True. How accurate and complete is the information? <br><br> . Select all that apply. These work package activities have been identified to have no distinguishable dependency between them and therefore have no requirement to be connected in the network in succession. It is also important to note whether one work activity cannot be started until a previous activity has been completed in this type of detail; if so, that will create ________ requirements. A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals. Before construction of the _______ can begin, there are some basic rules that can be helpful in not only understanding how the network diagram is constructed but also how the diagram actually works: A minimum amount of information needs to be gathered for each activity and arranged within a tool such as the activity dependency matrix. Supporting WM, PP and MM day-to-day issues and change requests. These activities (B and C only) can be performed simultaneously. Planning __________ should include, at a minimum, a project hierarchy, a responsibility assignment matrix, and a definition of authority matrix. Jun 2022 - Present8 months. Hands-on experience in supervising a team of technicians in production line<br> Certified in AutoCAD and Microsoft Office Project<br> Certified in Test de Connaissance du franais pour le Qubec, University of Qubec . Project Management Quiz Correct 1/1 Points 1.Project charters typically include all of the following elements EXCEPT: positive and negative risks project assumptions detailed resource requirements project constraints Correct 1/1 Points 2.A well-written business case should persuade decision-makers to support the project. In this post you will get Quiz Answer Of Fundamentals of Project Planning and Management Fundamentals of Project Planning and Management Offered By "University of Virginia" Enroll Now Use "Ctrl+F" To Find Any Questions Answer. _______ relies heavily on correctly identifying the relationships and dependencies of all activities included on the network diagram. Developing a plan to manage the _____ also includes developing processes that control and validate information used in developing the project schedule. $0 $29.99. \text{Electronic order processing (Number of electronic orders)} & \text{200.000} & \text{12.500 orders}\\ Process or product improvements for the organization. ____ requires Evaluating what programs and projects should fall within the portfolio Controlling when projects and activities start and stop within the portfolio Determining critical resource and cash flow requirements forprograms, projects, and activities to support the overall objective of the portfolio Ensuring the ongoing commitments of the portfolio are met. The goal of project portfolio management is to help maximize business value to ensure ______. Where does the information come from? What does this mean? \text{Number of electronic orders} & \text{15} & \text{0}\\ main strength: each department performing its activities as a unit and requiring little or no direct involvement with other departments to achieve its objectives. Yes. A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. Acquisition B. Project A temporary endeavor undertaken to create a unique product, service or result. Project Management Quizzes Check your mastery of this concept by taking a short quiz. Strategic planning, Business area analysis, Project planning, Resource Allocation. What is false concerning the financial analysis of projects? This work package activity has been identified to have two or more immediate successor activities flowing away from it. Processes can include defining scope, schedule, cost, quality, human resources, communications, risk, procurements, and stakeholder management. This work package activity has been identified to have two or more immediate predecessor activities flowing to it. Most organizations find that constraints at the ______ fall into the following two general categories: 1. A temporary endeavor undertaken to create a unique product, service or result. Depending on how organizations utilize projects within daily operations, organizations are structured using one of three basic structures. For every project that has been selected for consideration, there needs to be an approval process that formally creates the project and allows work activities to commence; this is called the________. \text{Activity Measure} & \text{University} & \text{Memorial}\\ Learned and applied Project Libre, Gantt chat, flowcharts, Maps, and financial assessments for managing projects. The _________ is created as an output of the charter process; it contains other stakeholder information such as needs and requirements of information and communication, specific involvement with the project and management strategy of involvement, and details and management of stakeholder expectations. Roles of project manager are answer choices Create a project team and organization where none existed before Must decide what and how things should be done instead of simply managing set processes Must meet the challenges of each phase of the project life cycle, and even oversee the dissolution of their operation when the project is completed (A) What is the discount? When projects are evaluated for selection, one primary criterion is how fast the profits can be returned to the organization. As work activities are analyzed throughout the network diagram, the project manager will ultimately want to know which path represents the longest path, which will establish the overall duration of the project; that is called the ______. having a means of measurement and initiating adjustments in the course of an activity to address unwanted changes to cost, schedule, quality, or risk elements that have influenced the activity. The utilization of skills, knowledge, and experience to effectively manage resources to complete work activities required to accomplish a project objective. Or the activities have no direct connection to activities for the project deliverable but are required in the overall project objective. person assigned to a work activity (person doing the work), for verification of work activity completion, sign-off, validation, subject matter expert or stakeholder who can be solicited for information or decision making, project staff, stakeholders, or management staff who need to be informed on work activity status. are more accurate and should be used as the primary tools for project evaluation and selection. are hard requirements of the work package activity and cannot be reversed. Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management, *Factor the trinomial. Other organizations may choose to group projects by product or service type where the organization may offer a small number of products or services and have a larger customer base. The lowest-level activity in the breakdown of a project deliverable. You should practice answering each question under 60 seconds. * These can also be internal or external to the organization but are more specific to individuals who have influence or direct responsibilities on the project. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value, Operations Management: Sustainability and Supply Chain Management. A succession of single work package activities connected in one single line with equal predecessor and successor relationships. The merge activity is not able to begin until all dependent activities reporting to it are completed. (b) Are any residuals outliers (three standard errors) or unusual (two standard errors). Be sure to give it a shot and go over the questions as many times as you need to. The primary tool used in graphically illustrating a PDM network of project activities is the _______. After the network diagram is complete and the project has begun, information about each activity needs to be updated and may result in changes to activity relationships, durations, activity float/ slack, and the critical path, which can result in updates to the overall duration of the project. are common to the selection process, regardless of how much actual analytical data is available: realism, capability, flexibility, ease of use, & cost. can reveal details of project plans; work activities; cost and schedule outcomes; procurements activities; and use of human resources, equipment, and facilities. Depending on the information and communication structure of a project, some change requests may be informally introduced; because they are not controlled, they result in extra work activity that may or may not be approved. It is a act of granting approval to an organization by an official review board, after the organization has met specific written requirements or standards. This value helps an organization better understand what the present value of future money looks like to give more refinement in the project selection process. What is the impact of governance to managing an individual project? Reviews (called "Gating") during project implementation assess current performance and priorities and decide to continue, halt, hold, or revise the project. Within some organizations, internal departments have the resources to produce unique deliverables that can be used or will be required by other departments within the organization; these are called _____. The following is an excerpt of the "approach . 4. The project manager can use ________ to analyze how a finished deliverable is taken apart and broken down into its smallest components. \text{Manual order processing (Number of manual orders)} & \text{248.000} & \text{4.000 orders}\\ test bank project management: achieving competitive advantage, 4e (pinto) chapter project selection and portfolio management project screening criterion that DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Courses You don't have any courses yet. Defining activities results in an enormous amount of information and details that need to be captured and organized to effectively create a project schedule; this task is accomplished through a ________. A set of principles that guide our deision making based on personal values of what is "right" and "wrong". VTEEN - Vanity Teen LLC - Fashion, Lifestyle, Culture Digital & Biannual print menswear magazine, founded in 2008 Although project managers are encouraged to develop tools like this on their own, the _____ should include, at a minimum, the following information: identifier, description, material required, work activity, human resources, equipment/facilities, time duration, activity cost, predecessors, risks. $$ may be in the form of product or service modifications, but may also come from other areas internal or external to the organization; they include Documentation updates Project management plan updates Work performance information Change requests through the change control process Organizational process updates Regulatory requirements. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. $$. Quiz is loading Quality Management for Business Excellence Lead Quality Management in the Organization to Transform the Organization get this COURSE Mastering the Seven Basic Quality Improvement Tools Property taxes on a company's factory building would be classified as a(n): ___ have a defined start and end. Write well-defined tests for front-end and backend 4. B) opportunity cost Project managers play a key . ______ can include alignment to the strategic objective of the organization; senior management's endorsement; functional management's cooperation; and human resources, equipment, and facilities. What is the certification program called that the Project Management Institute provides? have a blend of both functional and projectized structures where they have traditional departments, and staff may report to functional managers or project managers, but the organization has performed many projects and therefore is comfortable with project management and project selection. A relationship wherein a successor activity cannot finish until a predecessor activity has started. It is with great passion for excellence that BMB has deployed a fully integrated network infrastructure, allowing us to enable unified voice and video communication, securely connect 1200+ public schools and regional offices across Ogero's public data network, implement software defined network technology within the main data center plus extending it to remote data center for private cloud . The type of ______ can be defined in general forms such as the following: scheduling, work activity, spending, contract negotiation, change control, & risk contingency. Farming equipment - tractors, mowing, tree harvesting machines. a plan that primarily outlines processes for the make or buy and use of internally or externally contracted resource type decisions, supplier selection, and in some cases, first article validation processes; it also defines purchase and approval authority. Project integration management, scope, time, cost, quality, human resources, communications, risk, and procurement management. Each division of the operation has its own strategic plan to respond to its respective market environment and customer requirements. Purpose: To maintain uniform standards of nursing education 1. identify the organization's current mission, goals, and strategies. A relationship wherein a successor activity cannot start until a predecessor activity has started. Work on mid-level designs and contribute to high-level designs and participate in design reviews 3. What are the two dimensions of the Socio-cultural approach? For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. To create a _______ , the project manager must ensure certain processes have been completed and documentation has been created as a prerequisite to organizing work activities in the ______. Record the end duration value for all immediate predecessor LF values. This process is designed to provide a systematic breakdown of a project deliverable into its smallest components and should be the first step in activity definition: defining the smallest activity. The rate used in discounting future cash flows. After the project manager is selected and all information gathered during the initial process has been passed to the project manager, the management staff needs to create a master plan of the project; this is called the_____. A. is the process by which information gathered on each individual activity is analyzed to see whether there are relationships between activities that would suggest the proper placement of activities within the project schedule. Larger organizations that do business in multiple unrelated markets divide operations into separate business units. The model should take into account the overall strategic alignment of a potential project so as to ensure the benefits of the completed project built on the business strategy. B. ONES TestCase. descriptive; grading that is used when little or no actual numerical values have been gathered on project details and decisions have to be made based on more subjective general descriptions. Take ownership and handle . Which cash flow technique was used to determine this? A Non-parametric Test should be used if just one distribution is not Normal out of the two or more gathered. Studylists A pictorial chart of project activities arranged and connected in sequential order based on logical relationships and activity requirements. Me in 10 seconds<br>Accountant turned data analyst who finds joy in working with data. Planning and organizing Question 3) As a project manager on a product team, your stakeholders ask you to help the marketing team come up with a strategy to attract customers. Project Management\ Project Management\ Flashcard Maker: Christopher Sokol 638 Cards - 19 Decks - 1 Learner Sample Decks: 1 - Project Management Fundamental Terms, 2 - Project Management Environments, 3 - Project Manager Role Show Class Project Management Professional (PMP) Project Management Professional (PMP) Flashcard Maker: Younes Boukhaffa A. 5x^{2} + 16x + 3 The path of activities connected through a network diagram that, combined, have the longest duration. conceptual, planning, execution, and closure are the four places of what? Question #27 Topic 1. Siemens has four primary divisions. Q7. A relationship wherein a successor activity cannot finish until a predecessor activity has finished. Benefits minus cost, or income minus expenses. Project managers should use the same tools, techniques, and methodologies every day this consistency is key to achieving an optimal outcome. If yes, then how many pieces and what are they labeled? Video Lessons (298) Quizzes ( 649 ) IT Project Management Tools View. _________ can include special conditions from the customer, availability of suppliers for critical items required, special contracted services, and governmental regulatory conditions that have to be met. SWOT analysis (external and internal) 3. formulate strategies 4. implement strategies 5. evaluate results. Why is this approach important in today's environment? D. Consume resources. What are five characteristics which help differentiate projects from other functions carried out in the daily operations of the organization? completion of a required course in project management is an example of what? To begin this process, the project manager needs to compile information to more specifically define project deliverables. A temporary endeavor undertaken to create a unique product, service, or result, A group of related projects designed to accomplish a common goal over an extended period of time, A process of managing a group of ongoing, interdependent, related projects in a coordinated way to achieve strategic objectives. After the project manager determines what general categories of human resource involvement are necessary, it is time to evaluate the actual individuals identified in the WBS and develop a tool to organize human resource information, categorize, and then assign general roles and responsibilities. C) period cost Financial resources 6. The main traits of a project: A. strategic management process. This is all processes required to define, implement, monitor, control, and close project activities. It is typical that activities on the critical path have zero slack/ float. +Sole British Nationality required. 3. Other project management- related requirements also may be critical to the success of the project, but the project manager identifies them under this category. ONES TestCase bug ONES Project ONES . Project Management MCQs Q. Browse through all study tools. $0 $19.99. network diagram and activity interdependencies. 1. What is not a potential advantage of using good project management? $0 $29.99. Human resources required to perform the activity. Improve customer relations 3. Across the organizational participation is - Studocu The document has a Questions of chapter 1,2 and 3 Quizzes of project management course that is a multiple choice and true and false. Authority to utilize the organization's financial resources is typically dictated by the organization's executive management and/or the accounting department.
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