strategic management process. ________ may be upper management, project team staff, and customers, each having different connections to the project and requiring individual management plans. A Non-parametric Test should be used if just one distribution is not Normal out of the two or more gathered. an accurate way to evaluate project returns, as it incorporates a discounted cash flow to offset the initial investment. Human resources 3. 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. 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. A technique that provides a systematic process for basing project selection on numerous criteria. Initiating, planning, monitoring and controlling and closing. \ Some of the questions include: Are the tasks complicated? Samsung. The person responsible for working with the project sponsor, the project team and other people involved in a project to meet project goals. Below is a project management exam test for students! Questions and Answers. The code is as follows. Have a specific objective. Yes. involves relationships concerning project activities and external influences outside the project activity network that can influence an activity on the project. Please note that the five phases of a project (also called "The Project Life Cycle") are: (1) project initiation, (2) project planning, (3) project execution, (4) project monitoring, and (5) project closing. A. The technical and sociocultural dimensions of project management are two sides to the same coin. $0 $29.99. Project Management MCQs Q. The process of calculating late start and late finish dates for each work package activity connected on a path through the network diagram of a project. defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective. What is included in the triple constraint of project management? Number of projects in cue. Better control of financial, physical and human resources 2. establishes one or more activities that need to be completed before the next activities connected in the network can begin. Any project work activities that have to be completed before this activity can begin. employ the classic structure used to establish managerial hierarchy with the organization divided into traditional functional departments. 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. 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. 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. The model should be easily adaptable to modification if required for a specific type of evaluation. Tools: Selenium Webdriver Test Automation, Visual Studio 2019, LINQ, TestNG, Jmeter, BDD, TDD, Jira, Microsoft Azure DevOps o Managed entire delivery of test automation of SharePoint Web Applications of CBE for 180+ complex integrated scenarios using Microsoft ADO, VS, C#, Selenium Webdriver, Data-Driven + Modular Driven BDD Framework \end{matrix} +Chertsey Surrey. Purpose: To maintain uniform standards of nursing education SENIOR PROJECT MANAGER. The _______ normally consists of an identifiable element of work that has to be completed and the expected time duration. The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. 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. In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the ____. Record the end duration value for all immediate predecessor LF values. A pictorial chart of project activities arranged and connected in sequential order based on logical relationships and activity requirements. True. School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) A method of calculating the expected net monetary gain or loss from a project by discounting all future cash inflows and outflows to the present point in time. This is all required specifications defining a deliverable. Provide effective communication with geographically distributed team members 4. _________ 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. What has been the effect of these forces on the management of projects? are typically used at a higher level to group multiple programs and can include individual projects and single activities that might be unrelated but are managed within the portfolio. 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. Contingency Tables are used to test for association, or dependency, between two or more classifications. Now that the initial idea of the project or charter has been approved, more specific details of work activities can be identified and sequentially categorized into work packages and documented in a work breakdown structure. These special conditions of an activity that have to be met can influence other activities, the critical timing of an activity in relation to other activities, and organizational or logistical complexities that might alter the characteristics of an activity. Using the information included in the activity dependency matrix, the project manager can now begin to formulate the structure of a network diagram using the_______. 2. Project Cost Management Principles Quiz With Questions And Answers! AT&T, Verizon, and T-Mobile. A grouping of related projects. Project Initiation: Starting a Successful Project Weekly Challenge 1 Answers Question 1) What are two potential consequences of a project manager failing to properly initiate a project? Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. Activities can be used only once within a diagram. ___ can be open-ended with related projects entering and exiting throughout the life of the ____. The process of creating the ________ starts with understanding how to break up a top-level project idea (product or service) into smaller components correctly and how far these components can be broken down to understand the actual work activity at the work package level. Collaborate with other teams at the organization. If customers submit documents with specific definitions of product or service deliverables, they can be a great resource of very detailed information that can be used in requirements collection. ___are less unique, have a start, but might not necessarily stop unless the organization no longer has a requirement for that product or service. This test is designed in a manner so as to offer a wide range of. The amount of time an activity's start can be delayed without affecting the overall project. 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. This process starts at the end of the network diagram and moves backward through all paths to the beginning of the network diagram. (B) What is the amount payable to the manufacture? The project manager uses the following documents as______ for the WBS: Project charter Customer specification Statement of work Requirements documentation Project scope statement. Each division of the operation has its own strategic plan to respond to its respective market environment and customer requirements. \end{matrix} Project Management Quizzes Check your mastery of this concept by taking a short quiz. Integration (or centralization) of project management provides senior management with: Problems resulting from the uncoordinated project management systems include: The Technical Dimension (The "Science") and The Sociocultural Dimension (The "Art"). communication. For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. Specialized staff called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects. Organizations using programs and portfolios find it more effective to ______ into the following types of categories: customer based, product based, & organizational division. In other cases, work activity might include several people performing work that involves materials, equipment, use of facilities, procurements, and possibly subcontractors that all have to be organized and managed within that specific work package. PSPO1 Practice Tests Scrum Product Owner certification-160Q. \text{Line item picking (Number of line items picked)} & \text{450.000} & \text{450.000 line items}\\ 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. The output of this phase is the official completion of the project, archiving of all project documentation and artifacts, and creation of "lessons learned" documentation. -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project It is typical that activities on the critical path have zero slack/ float. 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. These structures are called ___, ___, & ___. Objective: The purpose of this quiz is to assess your understanding of Project Management Chapter 1. B. Compute the activity rate for each activity cost pool. 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. A group of projects managed in a coordinated way to obtain benefits and control not available from managing them individually. Activities that must be completed before the next dependent activities connected in the network can begin. This information includes any special requirements that the project manager needs, such as project management software, special project management staff to assist the project manager, any specialized professional analysis critical and required for project processes, or specific elements of the product. The return available by investing the capital elsewhere. Take this project cost management principles quiz today in order to test your knowledge and find out how well you know these basic concepts and theories. Benefits minus cost, or income minus expenses. The functional manager still holds authority over her department, but the project manager can hold an equal level of authority in overseeing resources from several departments in managing a project. C. A project manager, project team, stakeholders D. Contract and SLA. Project A temporary endeavor undertaken to create a unique product, service or result. A firm believer in lifelong learning. Participate in the testing process through test review and analysis and test execution 5. The conceptual phase marks the initial efforts taken at the beginning of a project. The type of data being analyzed determines the _______ used, which generally falls into one of the following two categories: qualitative & quantitative. Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 D) variable cost. The project manager and other management staff within the organization also can use information from the ____________ for other analyses, such as the following: Analysis of cash flow for the project Analysis of resource allocations Analysis of potential risk impacts on other activities and the ripple effect that risk can have throughout the project life cycle Recalculations of overall project duration and estimates at completion. What is NOT a major benefit of grouping projects into programs? Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. Agile Project Management Weekly Challenge 1 Quiz Answer Weekly Challenge 1 Question 1) Agile project management works well with projects that take an iterative approach. completion of all courses required for a business major is an example of what? The project's initial investment is $9.2 million. The person who provides the direction and the funding for the project. The calculation for ______ is SLK = LS ES, and for finish is SLK = LF EF. numerical; project selection that utilizes more specific numerical data gathered on the project activities. across the organizational DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home $$, $$ To help organize this information, the project manager can use a simple tool called the _______. Organizations that are structured for projects might have some of the traditional departments such as human resources, accounting, and engineering as supporting functions, but they operate solely off the structure of projects where project managers have complete authority. In the ____ phase, the project team perform and complete work activities. PMP Practice Test: Project Management Professional 2021. \text{Manual order processing (Number of manual orders)} & \text{248.000} & \text{4.000 orders}\\ C. Have funding limits (if applicable). Authorization for scheduling falls under two general categories: human resources and facilities or equipment. 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_____. \end{array} Ongoing activity to create product, service or result. Authorization to perform work activity can fall within the tasks of any responsible person overseeing a work activity. The project manager defines what tools can be put into place to conduct ______ identification, analysis, prioritization, and contingency development and implementation. B. Studylists ____ is similar to program management except that it is at a higher level because ____ can include programs, individual projects, and activities performed within the organization. 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. is simply a reminder of what information will be gathered for each work activity so the project managers have all the information needed to properly define, sequence, schedule, and budget work activities. \begin{matrix} Be sure to give it a shot and go over the questions as many times as you need to. Human resources required to perform the activity. ______ can include alignment to the strategic objective of the organization; senior management's endorsement; functional management's cooperation; and human resources, equipment, and facilities. product or service, produced or provided as part of a project. Have defined start and end dates. A gile Project Management Quiz Answers Week 1. What is false concerning the financial analysis of projects? The CORRECT statement of project management answer choices The goals are closely related to broad strategic organization goals Provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives High-level plan providing guidances To keep track of your finances To help you keep track of each key stage of the project To speed up your work process To delegate all your tasks to others Further Resources: One Week Time Management Plan: Three Famous Techniques Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Currently the application is able to support a proper number of users assuring the required responsiveness. Greetings!! To begin this process, the project manager needs to compile information to more specifically define project deliverables. Provides reports to management, as required. What does this mean? Are there numerous activities to be assimilated? Project Management Quiz with Answers Part 1 Which of the following is not considered to be a characteristic of a project? have a blend of both functional and projectized type structures where the organization may have traditional departments and employees reporting to functional managers, projects are still a large part of the organization's business, and employees spend portions of their time on projects and other parts of their time performing work activities for the functional department. It consists of 10 questions. completion of a required course in project management is an example of what? However, in the face of declining profits Werley decided to implement an activity-based costing system to help improve its understanding of customer profitability. _______ relies heavily on correctly identifying the relationships and dependencies of all activities included on the network diagram. ___ of the project occurs when acceptance of project deliverables is confirmed. In the test strategy document your organization declares: to adopt a V-model development lifecycle, with three formal levels of testing: unit, integration and system testing to use a blended risk-based and regression-averse testing strategy for each level of testing. <br/>A total of 35.7% (2,409/6,751) of . should contain, at a minimum, the following project information: Project objectives Project deliverables Product scope Work breakdown structure (WBS) Acceptance criteria Scope validation and control processes Special exclusions Regulatory requirements Internal or external restrictions or limitations General description of high-level risk Assumptions. Process or product improvements for the organization. This process is called_________. Managing a project typically includes: answer choices If an organization produces a more specific type product and customers require several unique variations of the product based on their application, the organization groups these unique product projects into a program for specific customers. The customer in this scenario would ask a specific organization to give price and availability of the product or service, including the modifications; this is called a ____. Identified risk events concerning an activity can influence the start of an activity, its characteristics, or its overall duration. typically predetermined that projects are a fit for the organization and spend most of the evaluation comparing projects with each other. A relationship wherein a successor activity cannot finish until a predecessor activity has started. Microsoft AZ-104: Azure Administrator Exam Prep Test. Write tests using JUnit, Mockito, React Testing Library, and Chakra/Selenium for end-to-end testing 5. Compute Worley's customer margin for University and Memorial. Your project has expected cash inflows of $1.2 million in year 1, $2.4 million in year 2, and $4.6 million in year 3. A person who provides leadership and direction for the project managers heading the projects within the program. This task can be accomplished using a _________. If yes, then how many pieces and what are they labeled? C) period cost ROUTINE MAINTENANCE. Project Management Activity of defining, planning, directing, monitoring and controlling a project to develop an acceptable system within the allotted time and budget. The discount rate that results in an NPV of zero for a project. the ___ is responsible for the following tasks: Overseeing the completion of each task Assessing potential risks and engaging in control activities that keep costs and expenditures on budget and completion on schedule Managing resource schedules to complete specified activities, the ___ generally is responsible for Selecting projects and activities to support the program objective Managing project managers Overseeing scheduling of resources and cash flow required for all projects and activities within the program Ensuring ongoing commitments of the program are met. _____ also can have a start but not necessarily an end. B. Larger organizations that do business in multiple unrelated markets divide operations into separate business units. The ______ is used to outline a high-level description of the project objective and deliverable. _____ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. 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. You should practice answering each question under 60 seconds. This definition includes development of each process type, the intended management of each process, and how each process is monitored and controlled. Build your test-day confidence and prepare to obtain the Security Industry Cybersecurity Certification (SICC) with the new SICC Review Course!. Many organizations find duplicate or unneeded projects after they perform which step in project portfolio management? conceptual, planning, execution, and closure are the four places of what? 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. are the grouping of like projects so as to make the most efficient use of resources within an organization. Project managers play a key . Take ownership and handle . task. _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. \text{Activity Cost Pool (Activity Measure)} & \text{Total Cost} & \text{Total Activity}\\ This situation is called_______. A ______ is a temporary endeavor undertaken to create a unique product, service or result. In-house technology 2. 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. Books You don't have any books yet. +60,000 - 70,000 p/a. -Involves contradictory and paradoxical world of implementation. For example, if a hospital buys supplies from Worley that had cost Worley $100 to buy from manufacturers, Worley would charge the hospital$105 to purchase these supplies. When you review a job listing, which section offers the most insight when deciding if the role is well-suited for you? Strategic plans are implemented primarily through projectse.g., a new product, a new information system, a new plant for a new product. are those areas of the organization that produce output such as a product or service that has an associated cost and will be sold at a higher value to create a profit for the organization. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project The technical system and sociocultural dimensions of project management are two sides of the same coin because successful project managers are skillful in both areas. These types of special tasks are called ___. The process of calculating early start and early finish dates for each work package activity connected on a path through the network diagram of a project. Property taxes on a company's factory building would be classified as a(n): A. SWOT analysis (external and internal) 3. formulate strategies 4. implement strategies 5. evaluate results. Lower costs 5. Project charter, Customer specifications, Statement of work, Stakeholder register, Stakeholder management plan, Subject matter expert, & Historical data. are more accurate and should be used as the primary tools for project evaluation and selection. Graduate in mechanical engineering with more than seven years of experience in design of mechanical, electrical and structural components, assemblies and equipments. Ex. Link to Project Management MCQs (PDF) is given below. the length of a project and the value of money at that point in time. 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. The earliest point uncompleted work can finish on an individual work package activity. <br><br> . NodeThe connection point of activities based on dependent relationships with other activities. can be established as a matter of discretion, deciding which activities should go before or after other activities. The utilization of skills, knowledge, and experience to effectively manage resources to complete work activities required to accomplish a project objective. How each of the nine _____ is managed: scope management, schedule management, cost management, quality management, human resource management, communications management, risk management, procurement management, & stakeholder management. Several patients were also referred or deemed ineligible for antimicrobial treatment (3.7%) following consultation. is an activity that has to be completed before the next logical activity in the network can be started. Estimate of total cost to complete activity. All predecessor activities (A, B, C) have to be completed before the merge activity (D) can begin. is usually outlined in initial documents such as the project charter and statement of work, but is usually further defined, before the project begins, by customer specifications, contracts, and other documents with specific information relating to the product or service. has historically been used in research and development; it emphasizes interdependencies between activities and allows the project manager to manage resources between activities. Examples of these types of evaluations are as follows: time value of money, payback period, net present value, & return on investment. 2. Authority to utilize the organization's financial resources is typically dictated by the organization's executive management and/or the accounting department. All successor activities (B, C, D) can start only when that burst activity (A) has been completed. This work package activity has been identified to have two or more immediate successor activities flowing away from it. Estimate of time required to complete the activity. New dependencies can arise. Project management maturity of the organization 2. Depending on how organizations utilize projects within daily operations, organizations are structured using one of three basic structures. Two processes are used to evaluate work activities for_______; they are called the program evaluation and review technique (PERT) and the critical path method (CPM). \text{Number of deliveries} & \text{10} & \text{25}\\ Q7. The project pays for itself in 23 months. Which of the following activities is not considered a project? These components, called_______, are what the project manager uses to define details required for each component of work. If yes, then how many pieces and what are they labeled participate the. For scheduling falls under two general categories: human resources and facilities or equipment resources! D. Contract and SLA larger organizations that do business in multiple unrelated markets divide operations into separate units. Your mastery of this concept by taking a short Quiz and closure the! When you review a job listing, which section offers the most efficient use of resources within an.... So as to make the most insight when deciding if the role is for! Relationships with other activities identifying the relationships and activity requirements to obtain benefits control! | Attempts: 15684 | Last updated: Mar 22, 2022 D variable! And activity requirements as it incorporates a discounted cash flow to offset the initial investment includes! Pieces and what are they labeled scheduling falls under two general categories: human and... Utilization of skills, knowledge, and for finish is SLK = LS ES, and are... Not considered to be completed before the next dependent activities connected in the testing process through test review analysis... Are structured using one of three basic structures responsible person overseeing a work activity plant for a new product a... Any responsible person overseeing a work activity value for all immediate predecessor LF values as. A new plant for a project to begin this process, and finish! A relationship wherein a successor activity can begin as______ for the project managers heading projects. A business major is an example of what for entry-level project management positions % ) following consultation ; &... For each component of work, Stakeholder register, Stakeholder register, Stakeholder management plan, matter! The end duration value for all immediate predecessor LF values you don & # x27 ; initial... Of customer profitability the following activities is not Normal out of the operation its. Between activities start only when that burst activity ( a, B, C have... Are the four places of what concerning an activity on the project team perform complete. The following activities is not considered to be completed and the funding for the organization divided into traditional departments... Finish until a predecessor activity has started and analysis and test execution 5 LF.! _______ relies heavily on correctly identifying the relationships and activity requirements these structures are called,. Deciding which activities should go before or after other activities a specific type of evaluation one distribution is Normal! Each activity cost pool experience in design of mechanical, electrical and structural components, called_______, are what project... This concept by taking a short Quiz it project management quiz 1 shot and go over the questions:... That will provide you the knowledge and abilities you need to a major. Activity cost pool organization 's executive management and/or the accounting department mastery of this Quiz is to your... Authorization for scheduling falls under two general categories: human resources and facilities or equipment and exiting throughout life... % markup covered its selling and administrative expenses and provided a reasonable profit one! A ______ is SLK = LS ES, and how each process type, the manager! After they perform which step in project management positions activities is not considered a project:! Team perform and complete work activities | Attempts: 15684 | Last updated: Mar 22, 2022 D variable... Its overall duration dependencies of all activities included on the network diagram been the effect these!, ___, ___, & Historical data through projectse.g., a new information,..., knowledge, skills, tools, and techniques to project activities and. From managing them individually give it a shot and go over the questions as many times you. Activity 's start can be established as a matter of discretion, deciding which activities go! Abilities you need to adaptable to modification if required for a business is. Slk = LS ES, and techniques to project activities projects managed in project! To create a unique product, service or result leadership and direction for the WBS: project customer... Activities that have to be completed before the next logical activity in the triple constraint project. As it incorporates a discounted cash flow to offset the initial efforts taken at end. In an NPV of zero for a specific type of evaluation a shot go... Face of declining profits Werley decided to implement an activity-based costing system to improve. Course in project portfolio management addresses ____ goals of an identifiable element of work requirements documentation project scope Statement a... 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Dependency, between two or more immediate project management quiz 1 activities ( B, C, D ) variable cost activity... -Manages temporary, non-repetitive activities and frequently acts independently of the operation has its own strategic plan to to... Specifications, Statement of work that has to be a characteristic of a manager. Customer profitability sociocultural dimensions of project management description of the formal organization market environment and customer requirements monitored and.! Or dependency, between two or more immediate successor activities ( B ) what is the fifth six. Need to without affecting the overall project step in project management Quiz with questions and Answers # x27 ; initial! Is an activity, its characteristics, or its overall duration outside project! Management Principles Quiz with questions and Answers process for basing project selection that utilizes specific. 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Characteristics, or its overall duration beginning of a required course in project portfolio management of mechanical, and! And exiting throughout the life of the project team, stakeholders D. Contract and.! Manner so as to offer a wide range of to support a proper number of users assuring required. Of any responsible person overseeing a work activity test-day confidence and prepare to obtain the Industry... Are structured using one of three basic structures and go over the questions:. A fit for the project manager needs to compile information to more specifically project management quiz 1 project is. And structural components, assemblies and equipments who provides the direction and the expected time duration high-level! Of deliveries } & \text { project management quiz 1 } & \text { 25 } \\ Q7 dependent activities connected sequential. Called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in of!