Bus517 Final Exam Part 3

    Question 1

     The first step in the project control process of the measurement and evaluation of project performance is to

    Answer

    Set a baseline plan

    Determine the project objectives

    Determine the project deliverables

    Analyze the project budget

    Review the project priority matrix

    Question 2

    The third step in the project control process of the measurement and evaluation of project performance is to:

    Answer

    Review the baseline plan with top management

    Analyze inputs to the control system

    Compare the plan against actual performance

    Measure both progress and performance

    Review spending with team members

    Question 3

    A project monitoring system involves all of the following except:

    Answer

    Determining what date to collect

    Determining how, when, and who will collect the data

    Adjusting the data

    Analysis of the data

    Reporting current progress

    Question 4

    The last step in the project control process of the measurement and evaluation of project performance is to:

    Answer

    Take appropriate action

    Prepare a report to top management

    Follow up on corrective action

    Measure progress and performance

    Review spending with team members

    Question 5

    The percent complete index that looks at percent complete in terms of actual amounts is calculated by which of the following?

    Answer

    EV/BAC

    (EV-PV)/BAC

    AC/EAC

    (EV-AC)/BAC

    (EV-PV)/EAC

    Question 6

    The second step in the project control process of the measurement and evaluation of project performance is to:

    Answer

    Review the baseline plan with top management

    Analyze inputs to control system

    Compare plan against actual

    Measure progress and performance

    Review spending with team members

    Question 7

    Small refinements that eventually build to be major changes are known as:

    Project erosion

    Scope creep

    Specification adjustments

    Specification refinements

    Continuous improvements

    Question 8

    In monitoring project time (schedule) performance actual performance should be compared to:

    Answer

    Budgets for the current year

    Top management’s targets

    Project network schedule derived from the WBS/OBS

    Progress on similar past projects

    Previous status reports

    Question 9

    Implementing closedown includes the following major activities except:

    Answer

    Getting delivery acceptance from the customer.

    Shutting down resources and releasing to new uses.

    Closing accounts and seeing all bills are paid.

    E-mail the project team that the project is complete.

    Creating a final report.

    Question 10

    In the Snapshot from Practice, New Balls Goes Flat in NBA, is an example of a project gone wrong when the _______ is/are not consulted.

    Answer

    Manufacture

    Equipment and facilities managers

    End-users

    The Fans

    Project manager

    Question 11

    __________ of lessons learned are designed to improve performance on current and future projects.

    Answer

    Retrospectives

    Corrective action plans

    Introspective

    Culmination

    Evolution

    Question 12

    Many projects will fail because of circumstances beyond the control of the project team is called:

    Answer

    Normal

    Premature

    Perpetual

    Failed Project

    Changed Priority

    Question 13

    The section of the final project report that new project teams are likely to find most useful is the:

    Answer

    Analysis

    Recommendations

    Classification of project

    Lessons learned

    Strategic objectives

    Question 14

    When the project may be completed early with some parts of the project eliminated this is considered to be ___________ closure.

    Answer

    Normal

    Premature

    Perpetual

    Changed Priority

    Failed Project

    Question 15

    Items technical in nature and focus on solutions to problems that surfaced would typically appear in the _____ section of the final project report.

    Answer

    Analysis

    Recommendations

    Classification of project

    Lessons learned

    Strategic objectives

    Question 16

    When a project may start with a high priority but see its rank erode or crash during its project life cycle as conditions change this is an example of:

    Answer

    Normal

    Premature

    Perpetual

    Failed Project

    Changed Priority

    Question 17

    Which of the following is responsible for the continued support of consistent application of selection criteria, standards, processes, training, and general assistance to project managers and continued improvement and use of best practices?

    Answer

    Portfolio Project Management

    Project Office Management

    Project Management Optimization

    Project Priority Matrix Management

    Resource Allocation Optimization

    Question 18

    Which of the following is not one of the techniques to insure that projects meet the needs of the organization?

    Answer

    Standards

    Procedures

    Accountability

    Controls

    Question 19

    The use of an organization-wide project management system tailored to specific needs of the organization is established in which of the following Maturity Model Levels?

    Answer

    Ad Hoc Project Management

    Formal Application of Project Management

    Institutionalization of Project Management

    Management of Project Management System

    Optimization of Project Management System

    Question 20

    The importance of the increase in project oversight to today’s project manager includes all of the following except:

    Answer

    Increase in expected profits from projects

    Increased interest in supporting and helping the project manager

    Impact on the environment in which the project will be implemented

    Impact on how the project manager’s performance will be measured

    The reporting of project progress to an oversight group

    Question 21

    Which of the following is not one of the four performance goals measures in the scorecard model?

    Answer

    customer

    internal

    financial measures

    industry standards

    innovation and learning

    Question 22

    The first appearance of standard approaches to managing projects including scope statements and WBS occurs in which of the following Maturity Model Levels?

    Answer

    Ad Hoc Project Management

    Formal Application of Project Management

    Institutionalization of Project Management

    Management of Project Management System

    Optimization of Project Management System

    Question 23

    The focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods is established in which of the following Maturity Model Levels?

    Answer

    Ad Hoc Project Management

    Formal Application of Project Management

    Institutionalization of Project Management

    Management of Project Management System

    Optimization of Project Management System

    Question 24

    Which of the follow percentages is the authors’ estimate of project-driven organizations that have been implementing some form of oversight for several years?

    Answer

    95%

    90%

    85%

    80%

    75%

    Question 25

    During which of the following phase gates would the question of “Are time, costs, and scope performances within acceptable limits?” be answered?

    Answer

    Proposal

    Screening and selection

    Implementation

    Progress evaluation

    Closure

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