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Management
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Feb 20, 2024
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Q1: Contingency reserves can be allocated at the activity level
True
False
Q3: You are the project manager of a large technology project for your company. This project will span the United States and parts of Europe. There are key stakeholders in all countries represented. As part of your stakeholder analysis you'd like to create a document that captures all of the stakeholders' contact information, assessment information, and classification in the project. What type of document are you creating?
A. Stakeholder directory
B. Stakeholder management plan
C. Stakeholder register
D. Stakeholder communications matrix
Q4: Henry has been tasked to create a salience model for his project. This model defines three characteristics for project stakeholders. Which one of the following is not one of the three characteristics
of the stakeholders mapped in the salience model?
A. Power
B. Urgency
C. Legitimacy
D. Influence
Q5: Is the effect of uncertainty on the project as a whole, arising from all sources of uncertainty including
individual risks, representing the exposure of stakeholders to the implications of variations in project outcome, both positive and negative.
A. Risk Assessment
B. Degree of risk
C. Overall project risk
D. Residual risk
Q6: The level of risk exposure above which risks are addressed and below which risks may be accepted is
called the
A.
Risk Avoidance
B.
Secondary risk
C.
Risk tolerance
D.
Risk threshold
Q7: Which process determines the risks that may affect the project and documents their characteristics?
A.
Plan risk responses
B.
Control risks
C.
Plan risk management
D.
Identify risks
Q11: A project manager is managing a high-profile, complex organizational project to replace digital archiving of company records. The project has a tight deadlines for completion, along with delivery standards. During a weekly project status review, the project manager learned that a key deliverable was not completed as scheduled because the team member assignment pulled for another department initiative. Who should the project manager meet with to address the issue in this particular situation?
A.
The president of the company
B.
The sponsor
C.
The team members
D.
The end user of the product to be delivered
Q12 : A mobile development company is planning to update one of its existing application. It is the minor
update to the functionality of the application, adding only one feature. The development take a week. However, the company is under pressure to release the update as soon as possible to remain competitive. Which risk analysis approach would be more appropriate in this case
A.
Neither qualitative or quantitative
B.
Both qualitative and quantitative
C.
Qualitative
D.
Quantitative
Q:18 what is a milestone ?
A.
A summary of the project schedule
B.
A list of project constraints
C.
A significant point or event in a project, program or portfolio
D.
documentation of defined activities
Q:20 Bradly is a project manager of the Warehouse Remodeling Project for his company. He is in the process of determining which contracts to use in this project. His company is risk-averse so the correct choice of contract is important to Bradley. Of the following contract types, which one requires the seller to assume the risk of cost overruns?
A.
Cost plus fixed fee
B.
Cost plus incentive fee
C.
Lump-sum
D.
Time and materials
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Related Questions
During risk identification sessions, you and
your team identified more than 150 risks for
your project. You are afraid that evaluating
each of these risks quantitatively will cost
you an enormous amount of time, while not
all of them are really relevant and important
enough to justify such a measure. What
should you do next?
A. Identify risk triggers where possible.
Analyze only those risks quantitatively
for which no trigger could be found
B. Use qualitative risk analysis in order
to prioritize risks for further action,
such as quantitative risk analysis
C. Assess the probability of each risk
qualitatively and further analyze only
those risks with high probability
D. Assess the potential impact of each
risk qualitatively and further analyze
only those risks with high impact
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develop a merchandise management plan for a retail establishment that you create and design. A different part of the plan will be completed each week. The plan will be detailed and comprehensive, and each element will often require more than one week's work. Therefore, the course project section will often be broken up into two parts, one which will ask you to preview and begin work that will be completed in future weeks, and the second part which will be the assignment that will actually be submitted that week.
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An anonymous graduate of SJU has just given the university a $12 million donation. The donor said that the money could be used anyway the University sees fit. The Task Force on Major Gifts has asked you to submit a proposal. How do you think the money should be spent? You can portion it out to various projects or use it for one project.Use memorandum format and address it to the Task Force on Major Gifts.
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5-31. Using the Web, find three customizable customer loyalty program systems being sold by vendors. Create a table like PE Table 5-2 that compares them.
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You are the event manager of a wedding project that is behind schedule and over budget. The client has requested some additional features that were not in the original scope.
How would you prioritize the additional features requested by the client?
What strategies would you employ to adjust the project plan and budget to accommodate these changes effectively?
Additionally, what specific tools and techniques would you utilize to monitor and control the progress and ensure the quality of the project?
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This exercise tests your ability to come up with a detailed and elaborate Business Case for a project. One of the main responsibilities of an IT Project Manager is writing and defending Project Proposals, that is, justifying the need for the project. You need to explain the organization’s need(s), the current situation, and why your proposed solution will workAssume that you wish to import a 14-seater Public Service Vehicle (PSV) to ply route 14 (Town-Nairobi West-Madaraka) of Nairobi City. You need to compute the Total Cost of Ownership (TCO), that is, the cost of purchasing and maintaining the vehicle including the regulatory requirements.
You are expected to take a loan at the prevailing rates and spread it as you wish (based on your assumptions-show the calculations).
You then calculate projected income expected from the “Project” (again based on some assumptions which you need to state) and give a realistic position about the viability of getting into this “project”.
You earn…
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With Explanation
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Which of the following is NOT a tool or technique of Qualitative RiskAnalysis?A. Risk urgency assessmentB. Expected monetary value analysisC. Probability and impact matrixD. Risk categorization
A new project management software tool has come onto the market. Youspend the weekend taking an online tutorial to learn about it. This is anexample of:A. Lessons learnedB. Not paying for copyrighted softwareC. Contributing to the project management body of knowledgeD. Enhancing personal professional competence
Which of the following is NOT a tool in Risk Identification?A. Risk Urgency AssessmentB. BrainstormingC. Delphi techniqueD. SWOT Analysis
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A project manager discovers that a project problem has occurred. Theproblem was never discussed during risk planning activities or added tothe risk register, and it will now cost the project money. What is the BESTresponse?
A. Don’t take any action, just accept that there’s a problem that the team did not planforB. Use the management reserve to cover the costs of the problemC. Stop all project activity and approach senior management for adviceD. Add the risk to the risk register and gather information about its probability andimpact
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The career I was wanting to professionally go into is Business Management. I need help trying to get something written up around it from the image I provided.
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1. Which of the following is NOT an objective of the Monitor Risks process?
a. Determine if implemented risk responses are effective
b. Project assumptions are still valid
c. Determine if risk management policies are being followed
d. Determine methods to eliminate all residual risks
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A) Which of the following is NOT included in the risk register?
a.
Prioritized list of quantified risks
b.
Potential responses to identified risks
c.
Revised stakeholder tolerance
d.
A list of identified risks
B) The Responsibility Assignment Matrix (RAM) is:
a.
Used to identify accountabilities and responsibilities in individual performance appraisals of project team members.
b.
Used for development of the project budget and network diagrams.
c.
Developed at the activity level and used to closely link project roles and responsibilities to project network activities.
d.
Used to illustrate the connections between work packages or activities and project team members. It ensures that there is only one person accountable for any one task to avoid confusion of responsibility.
C) The process of cost estimation is defined in which process?
a.
Control Cost
b.
Plan Cost Management
c.
Estimate Cost
d.
Budget Cost
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Answer all the questions.Write a proposal for a research project that you intend to do. Your proposal should be between 5 (minimum) and 8 (maximum) pages long on an A4-size paper. Your proposal MUST contain the following items.1. Proposed Title2. Background / Introduction of the Study
3. Problem Statement / Research Problem(s)
4. Research Objective(s)
5. Research Questions6. Significance of the Study
7. Organisation of the Dissertation / Final Project
8. Summary
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IT projects require large amounts of capital and selecting one project often means foregoing others. Furthermore, IT projects often involve changes in business processes that will affect substantial portions of the organization
Explain potential benefits of IT initiatives and how to evaluate them
Assess potential costs of IT initiatives and how to evaluate them
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Change and Communications Management Plan in Project Management
Development of a change and communications management plan for the project to createan enterprise PMO.
Development of an approach to change management and communicationsmanagement PMI’s change processes.
Roles and Responsibilities
What key roles are needed to execute the change and communications management activities?
What are the responsibilities of each key role?
High-level Process
What processes will be used to execute your change and communication management plan?
Are there linkages or dependencies between these or other processes?
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A recent report, dated February 3, 2020, on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, Principal at Deloitte Consulting LLP, states that, there is a need for more staff training on COVID 19 to improve health and safety in the workplace, reduction of workplace absences. Most top executives and boards of directors are not engaged in the pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs:
Media attention to pandemic influenza increases.
Legislation or Regulation are passed, requiring enactment
Shareholders and investors demand a high level of preparedness.
The financial impact of a pandemic on the corporation becomes evident.
A new collective bargaining agreement for Haze Trelawny LLP, a steel manufacturing company, is quickly approaching. The entity just penned a huge contract and would require all hands on deck in order to meet the stringent…
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identify how the fundamental difference between a zero-defect environment and quality circles environment could play a role in the quality success of your projectidentify how the fundamental difference between a zero-defect environment and quality circles environment could play a role in the quality success of your project
Please correct answer
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which two methods of evaluation can be used in a cyberattack program proposal that will include one type of financial evaluation and one other evaluation method and how the methods will be selected.
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If you are working on the project for Company ‘B’, then please write at least 6 major Risk factors, you can foresee, that may arise during the execution of the project. You are also required to recommend the risk mitigation (risk control) steps against each risk.
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Project management tools and techniques........................
Are used to select the appropriate and potential projects.
Assist project managers and their teams in carrying out works in all 10 knowledge areas.
Are mathematical models used to describe the progress of a project.
Are used to understand the enterprise environmental assets
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A project manager states that he is involved in monitoring and controlling project costs for the project that he is working on. What is the project manager actually doing?
Select one:
a.
The project manager is measuring actual cost performance against the cost plan and baseline
b.
The project manager is costing the WBS packages
c.
The project manager is effecting changes to the project cost baseline
d.
The project manager is developing a comprehensive budget for the project
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The Application Analyst (AA) department manager, Lori Williams, called the training department and asked to sit down and discuss the new product they were rolling out to all the company's AAs, worldwide, and what training could be offered starting on August 11 and ongoing as they were looking to roll out Document Manager on October 2. This product would affect 2500 people.Lori Williams met with two trainers, Sarah Ward and Caroline Smith. Lori explained that all of the AAs were creating the same documentation over and over again, but had to save it to their own desktops and were unable to share the information because they didn't have a document repository. Document Manager was going to fix this problem. All of the AAs could then share documentation. Document Manager too would have a template in it for the AAs to use. Document Manager would make the AA's work much easier and quicker. The AAs were asked by upper management to be more effective with their documentation. Lori wanted to…
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.
Q3: Answer A or B
A\ Answer the following
1- A
represents Hierarchical Breakdown of a Project in to element.
2- Resources are different than Expenses
3- A hierarchical structure that identifies the company-wide projects and enables
organizing and management of those projects by means or subdivision or level is:
4- How many types of reports we have in Primavera
5- The finish of the successor activity depends on the finish of the predecessor activity is
referred as
B\ Correct the answer
1- Ponds is the base currency by default in Primavera
2- WBS is a Set of codes to organize the project in the EPS in groups according to
specific categories
3- Activity tab used to apply constraints, select an activity and select the
4- The E.P.S usually reflects the management structure of your Organization
5-A resource is the project personal job titles or skills, such as mechanical engineer,
inspector or Carpenter
arrow_forward
Incorporating project management techniques into the production process
What is Project Management
What are the 5 Phases of Project Management Process
What are the Reasons for Project Failure
Roles and Responsibilities of a Project Manager What are the Project Management Knowledge Areas
the Project Management describes a structured approach to managing time, projects, resources, schedules, risks and other business aspects. It includes the following five stages:
Initiating – assessing and defining the scope and goals of the
Planning – developing a workflow, establishing a more detailed scope, allocating resources and building
Executing – managing teams, monitoring timelines and resources, balancing stakeholder involvement.
Controlling – tracking, reviewing and regulating the
Closing – assessing project results, key strengths and weaknesses
arrow_forward
Scenario: You are a member of a project team that is building an app that will inform your of the closest open dine-in restaurants still serving food for lunch or dinner. The app will detect the user's current location. The
main goal of the project is to inform users so that they can plan what type of food is available for eating with a dine-in experience.
Instructions: Create a quality plan that would ensure those stakeholder requirements and success criteria would be satisfied. Your plan should have 3 measures to test and ensure that the project will meet the
quality criteria before being launched.
Quality Goal
Measurable Success Criteria
Process used to monitor quality
1.
2.
3.
arrow_forward
i need the answer quickly
arrow_forward
please help
Running Case1 The Global Treps Project team is working hard to ensure they meet expectations, especially for the people who will be holding and participating in the four events. The team has a detailed scope statement, but you want to make sure you are not forgetting requirements that might affect how people view the quality of the project. You know that the project’s sponsor and other key stakeholders are most concerned with getting people to use the new website, having successful events, and helping promote entrepreneurship across the globe. You also know that various geographic and cultural issues will need to be addressed.
3. After analyzing survey information, you decide to create a Pareto chart to see which types of guidelines for running an event generated the most interest. First, create a spreadsheet in Excel using the data in the following table. List the most frequently requested guidelines first. Use the attached Excel template pareto_chart.xls:
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An automobile company wants to invest in Pakistan, its top management decided to get the users to feedback about existing cars available in the market. So, they can make plans to invest and facilitate the user's demands. You are the senior manager, responsible for this task. How will you get the data from users? If you circulate the form online, which type of questions would you select (Open or Closed)? Justify this answer with a proper example. If you have another option, please give the details with an example.
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Consider the scenario, and then answer the corresponding question.
You are working on a market research project with two coworkers, Jason and Leticia. Your boss, Shruti, sends an email to the team
requesting an update on the team's progress. The team brainstorms and coordinates how to prepare the requested status report. Then,
Leticia drafts the report and sends it to you via email. You make several revisions and send the draft to Jason to edit and proofread. He
then sends the report to Shruti, who reads it and is quite pleased with your progress. Shruti sends your team a congratulatory message
for staying under budget and on schedule. Well done!
When Shruti responds to your team with a congratulatory message, in which direction is the flow of communication?
Downward
O Lateral
O Upward
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- With Explanationarrow_forwardWhich of the following is NOT a tool or technique of Qualitative RiskAnalysis?A. Risk urgency assessmentB. Expected monetary value analysisC. Probability and impact matrixD. Risk categorization A new project management software tool has come onto the market. Youspend the weekend taking an online tutorial to learn about it. This is anexample of:A. Lessons learnedB. Not paying for copyrighted softwareC. Contributing to the project management body of knowledgeD. Enhancing personal professional competence Which of the following is NOT a tool in Risk Identification?A. Risk Urgency AssessmentB. BrainstormingC. Delphi techniqueD. SWOT Analysisarrow_forwardA project manager discovers that a project problem has occurred. Theproblem was never discussed during risk planning activities or added tothe risk register, and it will now cost the project money. What is the BESTresponse? A. Don’t take any action, just accept that there’s a problem that the team did not planforB. Use the management reserve to cover the costs of the problemC. Stop all project activity and approach senior management for adviceD. Add the risk to the risk register and gather information about its probability andimpactarrow_forward
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