Week 3 Summative Assignment — PM:350Tv1 -- LIVE -- 05:21

Copyright © 2024 MyEducator. All rights reserved. Back to my LMS Week 3 Apply Assignment Note: You have two attempts to take this assessment. Your highest score will be recorded. Points: 100 Submission Score 100 / 100 (100.00%) Submit Time May 01 at 16:35 Grade Time May 01 at 16:35 Graded on May 01 at 16:35 Your Submission: ! 1 As Mainstreet Communities, LLC (Mainstreet) initiates and starts planning the new Wingra Point Live Work development that is catered to the growing remote workforce, it is faced with the risk that the City of Madison might change the zoning of the property to hotel commercial due to the allowance of short-term rentals for the development’s mobile-workforce residents who wish to travel and work. COVID-19 and the City of Madison’s pending decision are considered what? Out of Scope External EEFs External OPAs OPAs " FEEDBACK 10 / 10 (100.0%) 2 You are an outside project management professional who has been hired by Mainstreet to lead its new Wingra Point Live Work development. You are given an approved vendor list and access to the shared drive containing project templates. You are also introduced to the company’s standard processes and procedures and the submission and approval protocols. What type of project inputs do these elements represent? Enterprise assets Operational Process Assets (OPAs) Project collateral EEFs " FEEDBACK 10 / 10 (100.0%) 3 Sections of the Wingra Point Live Work development’s Project Charter were populated with information from the Business Case as well as the Budget Estimate, Schedule Estimate, Risk Register and Stakeholder Register. Each of these documents are outputs from various project management processes. What is the role of these outputs from other processes for the Project Charter? ITTOs Inputs Tools Techniques " FEEDBACK 10 / 10 (100.0%) 4 Mainstreet’s Director of Development has been assigned to prepare the Project Charter for the Wingra Point Live Work project. In doing so, he uses project documents that are prepared in Microsoft Excel and linked to each other for tighter integration. He also used Microsoft Project to prepare a preliminary budget. To better assess stakeholders’ interests in, influence on, and impact on the project, he uses the Stakeholder Matrix. What do these documents represent? Outputs Tools Inputs Techniques " FEEDBACK 10 / 10 (100.0%) 5 One or more outputs from any given project management process can be one or more inputs for one or more other processes at any time during the project. What is the Stakeholder Register to Identify Stakeholders process in the Initiating Process Group and Stakeholder Management knowledge area? Output Tool Technique Input " FEEDBACK 10 / 10 (100.0%) 6 One of the first tasks in preparing the Business Case and Project Charter documents is identifying stakeholders and analyzing their position, interest, influence, and impact. One tool serves as an output for the Project Charter, the Stakeholder Matrix, and Communication Plan. This tool is updated regularly throughout the project. Which tool is this? Stakeholder Register Project Charter Business Case Risk Register " FEEDBACK 10 / 10 (100.0%) 7 A project manager needs a tool that will provide a quick visual summary of stakeholders. What tool should the project manager use? Stakeholder Grid Stakeholder Matrix Beta Distribution RACI Matrix " FEEDBACK 10 / 10 (100.0%) 8 Mainstreet’s Director of Construction, who normally acts as the PM for construction projects, is overloaded with three other large projects, so Jordan Amari, the owner of Mainstreet, has decided to hire an external project management professional to be the project manager for the Wingra Point project. When is the best time for this project manager to be hired? Once the project is ready to be executed Once the Project Charter has been approved Before the Business Case is completed As early as possible and prior to the Planning phase " FEEDBACK 10 / 10 (100.0%) 9 COVID-19 has presented Mainstreet with an unexpected opportunity to increase its return on investment by building a new type of building that is targeted at mobile work-from-home tenants. This new type pf development is currently under review by the City of Madison for rezoning from multi-family residential to hotel commercial. The pending decision by the City of Madison represents what to the project? Constraint Out of scope Issue Risk " FEEDBACK 10 / 10 (100.0%) 10 As the project manager of an innovation project utilizing new technology that will benefit several divisions within the organization, you are charged with developing the Project Charter for approval. As part of that responsibility, you have to choose (1) the project life cycle, (2) the type of project organization structure, and (3) the estimating method for budget and schedule. The organization has never completed a project like this before, and you don’t have any prior experience with this kind of project, so, there is much uncertainty. Which of the decisions below is best suited to this project? (1) Adaptive, (2) Matrix, (3) Phase Estimates (1) Predictive, (2) Pure, (3) Definitive (1) Adaptive, (2) Mixed, (3) Incremental (1) Adaptive, (2) Functional, (3) Phase Estimates " FEEDBACK 10 / 10 (100.0%) # Need Help?