project management quiz 1project management quiz 1

Benefits minus cost, or income minus expenses. Have defined start and end dates. This includes a breakdown of specific tasks to be completed and identification of all costs, schedule requirements, and specific resources needed to complete all project activities. A succession of single work package activities connected in one single line with equal predecessor and successor relationships. New dependencies can arise. People involved in or affected by project activities. \text{Activity Cost Pool (Activity Measure)} & \text{Total Cost} & \text{Total Activity}\\ Have a specific objective. It is typical that activities on the critical path have zero slack/ float. A group of projects managed in a coordinated way to obtain benefits and control not available from managing them individually. Supporting WM, PP and MM day-to-day issues and change requests. ROUTINE MAINTENANCE. Ex. The next step in organizing human resources with direct involvement responsibilities is to create a general category describing what functions human resources play on a project. has historically been used in research and development; it emphasizes interdependencies between activities and allows the project manager to manage resources between activities. _______ 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. Conducts project management, including establishing reporting requirements, task progress, and deliverable due dates. Learn and implement code using Spring Boot, Hibernate/Spring JPA, MySQL, PostgreSQL, and MongoDB 3. 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 ______. But the SQL data does not show. 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. across the organizational DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home PSPO1 Practice Tests Scrum Product Owner certification-160Q. Many organizations find duplicate or unneeded projects after they perform which step in project portfolio management? ___ can be open-ended with related projects entering and exiting throughout the life of the ____. False. 1. Yes. 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. \text{Activity Measure} & \text{University} & \text{Memorial}\\ When projects are evaluated for selection, one primary criterion is how fast the profits can be returned to the organization. Project management maturity of the organization 2. A technique that uses branches radiating out from a core idea to structure thoughts and ideas. 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. What are five characteristics which help differentiate projects from other functions carried out in the daily operations of the organization? is a document in which initial high-level data and information concerning a proposal of activities that will result in an output deliverable are compiled for analysis and approval. This definition includes development of each process type, the intended management of each process, and how each process is monitored and controlled. All successor activities (B, C, D) can start only when that burst activity (A) has been completed. 1. transferable. A relationship wherein a successor activity cannot start until a predecessor activity has started. 2. \text{Manual order processing (Number of manual orders)} & \text{248.000} & \text{4.000 orders}\\ A person who deals with the day to day details of meeting specific goals. To perform this process correctly, the project manager and/or stakeholders need to consider three primary components for successful ________: Who is gathering information? (b) Are any residuals outliers (three standard errors) or unusual (two standard errors). What is the certification program called that the Project Management Institute provides? The main traits of a project: A. A brief description of activity to be performed. 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. What does this mean? 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. 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. Identify the five steps involved in the managerial decision-making process. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. 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. 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. conceptual, planning, execution, and closure are the four places of what? \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. Project A temporary endeavor undertaken to create a unique product, service or result. Select all that apply. Q. Costs that organizations must fund to stay in business. A. Any equipment required and any special use of facility space. The return available by investing the capital elsewhere. An optimal way recognized by industry to achieve a stated goal or objective. These structures are called ___, ___, & ___. A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. The following example shows how the ______ process is conducted. ____ 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. Write clean and elegant code using React and Java 2. 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. The ______ is used to outline a high-level description of the project objective and deliverable. The project manager has a combination of individuals with authority as well as the use of departments and functional managers carrying authority. Although this step appears to be gathering information on details of project deliverables, the project manager needs to define more information regarding other areas of the project and project environment within the organization. Multinational Manufacturing Company. Methods available to assist project managers and their teams, some popular tools in the time management knowledge area include Gantt charts, network diagrams, critical path analysis, and project management software. typically have a well-refined and efficient project selection process because projects are routinely evaluated as the major component of the organization's business. 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 ________. 5x^{2} + 16x + 3 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. Human resources 3. Project management Chapter 1,2 and 3 Quiz Questions - 1. A labeling convention needs to be established to display information for each activity on the network. The primary tool used in graphically illustrating a PDM network of project activities is the _______. Work cannot begin on the successor activities until all work on the burst activity has been completed. Several individual housing projects done int he same area by the same firm might best be managed as part of a ____. Siemens has four primary divisions. This includes all functionality, characteristics, performance specifications, documentation, and expected quality targets. Which project management responsibility does this represent? $$. It is also important to note whether one work activity cannot be started until a previous activity has been completed in this type of detail; if so, that will create ________ requirements. \text{ } & \text{Activity}\\ The project pays for itself in 23 months. completion of all courses required for a business major is an example of what? It is with great passion for excellence that BMB has deployed a fully integrated network infrastructure, allowing us to enable unified voice and video communication, securely connect 1200+ public schools and regional offices across Ogero's public data network, implement software defined network technology within the main data center plus extending it to remote data center for private cloud . True False Correct have a blend of both functional and projectized type structures where the organization may have traditional departments and employees reporting to functional managers, projects are still a large part of the organization's business, and employees spend portions of their time on projects and other parts of their time performing work activities for the functional department. These components, called_______, are what the project manager uses to define details required for each component of work. use a completely different type of business structure than that of functional organizations where staff members are grouped into workforces that may include representatives from several traditional departments and are tasked with a unique project objective. The lowest-level activity in the breakdown of a project deliverable. Question 8) Fill in the blank: A ______ has a clear outcome and a clearly-defined start and end date. $$ The minimum acceptable rate of return on an investment. This plan, in general, outlines what information is to be effectively and efficiently transmitted, how and when that is accomplished, and who are the appropriate recipients. Selected intern's day-to-day responsibilities include: 1. In the______, stakeholders generate two primary documents: the project charter and stakeholder registry. _______ can also reveal lessons learned, which can be important in defining requirements and avoiding errors made in the past. 1. 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. VTEEN - Vanity Teen LLC - Fashion, Lifestyle, Culture Digital & Biannual print menswear magazine, founded in 2008 A) product cost *Find all horizontal and vertical asymptotes. School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) Your project has expected cash inflows of $7.8 million in today's dollars. 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 project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. Why is this approach important in today's environment?

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