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project management
Contemporary Project Management 4th Edition Timothy Kloppenborg, Vittal S. Anantatmula, Kathryn Wells - Solutions
After identifying potential project risks, the project team should then .a. develop risk response plans for all identified risks.b. wait for the sponsor to conduct a risk assessment.c. move on to other components of the charter, since identifying risks is the only risk-related activity in the
According to the PMBOK, the rough order of magnitude for the summary budget within the project charter is .a. 100% to 200% accuracyb. 25% to 75% accuracyc. 5% to 10% accuracyd. none of the above
The charter is the primary deliverable of a project s phase.a. Selectingb. Initiatingc. Planningd. Executing
You are the project manager. Upon presenting your charter to your sponsor, she requests several changes. What do you do?a. Agree to all the changes in order to make your sponsor happy.b. Refuse to change the charter, since that would be unfair to your team.c. Have your team vote on whether or not
What project charter component documents significant points or events in the project and, per the author, may be developed most effectively when combined with other information such as acceptance criteria?a. network diagramb. Gantt chartc. stakeholder management strategyd. summary milestone schedule
The signing of the project charter represents all of these except:a. a formal acknowledgment of the sponsor s commitment to the projectb. the formal approval of the detailed project schedulec. authorization to transition from the high-level project initiation stage into the more detailed project
What information does the project charter contain that signifies how the customer or user of the final product, service, or result will judge the deliverables, in order to determine that they have been completed satisfactorily?a. high-level project risksb. measurable objectives and acceptance
Which of the following is not a purpose of an approved project charter?a. formally authorizes the existence of a projectb. provides detailed information about financial resourcesc. helps the team and sponsor develop a foundational understanding of project requirementsd. provides project manager
In your opinion, what are the three most important items in your project charter? How did each help you initiate your project better?
If you are a project manager and have the choice of forming your core team before or after charter approval, which would you do and why?
Signing the charter marks the transition between which two project stages?
Pretend you are on the leadership team for a pharmaceutical company that is in a difficult financial situation due to patents that have expired on two of your most profitable drugs. Brainstorm a list of criteria by which you would select and prioritize projects. Weight the criteria.
A business case typically contains information regarding the business need and a financial analysis.Which model divides the cash flow by the initial cash outlay?a. Benefit-cost ratio (BCR)b. Internal rate of return (IRR)c. Net present value (NPV)d. Payback period (PP)
The document that includes the necessary information to determine whether a project is worth the required investment, and is used for decision making by upper management, is called the:a. project scope statementb. project charterc. business cased. case study
All of the following statements are true except:a. A portfolio may contain multiple programs and projects.b. A project manager has the discretion to make trade-offs in regard to which programs to pursue.c. A program manager has the discretion to make trade-offs in regard to which projects to
If there is a conflict between resource needs for two projects, who decides which one gets the needed resources first?
A freelance project manager is brought in by Company X to lead a large, expensive project.This project manager has excellent leadership skills and a strong technical understanding of the project. In order for her to optimize every component of the Talent Triangle, what might be a good activity for
The two traditional project management associate-level roles are different in each of the following ways except .a. duration of time spent on projectb. ability to work within project constraintsc. degree of input contributed to project planningd. skill set
When would a predictive project life cycle be the preferred approach?a. when the high-level vision has been developed, but the product scope is not well definedb. when the environment is changing rapidlyc. when the product to be delivered is well understoodd. when the product will be created
In order to be successful, the project team must be able to assess the needs of stakeholders and manage their expectations through effective communications. At the same time, they must balance competing demands among project scope, schedule, budget, risk, quality, and resources, which are also
Which PMBOK® Guide Knowledge Area includes those processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully?a. cost managementb. scope managementc. risk managementd. quality management
You are given a project to manage. How do you decide whether to use a predictive or adaptive approach?
What does project failure mean? What are some examples?
Discuss how a project could be successful in terms of some measures yet unsuccessful by others.
Name the 10 project management knowledge areas, and briefly summarize each.
What are the three project executive-level roles?
What two project dimensions are components of project performance?
What are the 10 project management knowledge areas?
Which process group defines a new project or phase by obtaining authorization?
What are the five process groups of project management?
At what stage of a project life cycle are the majority of the hands-on tasks completed?
What are the two favorable outcomes of fostering a high-performing project team?
____________________ power should be used by a project manager when she is asking her team members to perform a task within their job description.
The collaborative style for handling conflict has a(n) ____________________ concern for self and a(n) ____________________ concern for others.
Describe how to use project documents to help a team progress through the stages of development.
How can a project manager promote the team members’ needs during the forming stage?
You are working for a multinational organization and need to relay information to Japan. Which communication method would you choose to use and why?
____________________ is the process of “confirming human resource availability and obtaining the team necessary to complete project activities.”a. Plan Human Resource Managementb. Acquire Project Teamc. Develop Project Teamd. Manage Project Team
An output of the process Develop Project Team, an evaluation of the team’s success in achieving project objectives for schedule, budget and quality levels, is called team ____________________ .a. project performance reviewb. performance assessmentsc. annual reviewd. work performance reporting
What actions do you suggest to help the project team through the stages of team development?
What would you want to see in a team charter for this development project?
Construct a RACI chart with major tasks you see and the type of person you feel should do each.
List types of decisions that will need to be made and the appropriate person, group, or method for each, for example, individual team member, team collectively, scrum master, and product owner.
What six columns should a communications matrix contain?
With a few of your classmates, conduct an Agile stand-up meeting and briefly discuss the three meeting components mentioned in this chapter.
Using the same scenario as question 6, which timing schedule would you choose to use for each communication? Why?
Most project meetings are formal, planned events between project stakeholders. Effective meetings typically have a purpose, a prearranged time and place, a list of attendees and their roles, and an agenda with topics and issues to be discussed.After the meeting, are circulated.a. refreshmentsb.
.. What is the first step in developing a project scope management plan?
What three tasks comprise the “define scope”process?
Are the product scope and project scope ever the same? Cite examples to support your answer.
You are the project manager in charge of expanding a popular restaurant. How could you use voice of the customer (VOC) techniques to gain insight into your stakeholders?
A potential client wants you to be project manager for the construction of a new house, but she is vague about the details. List a few questions you could ask her to gain a better understanding of the scope of the project.
The process where project deliverables and project work are subdivided into smaller and smaller pieces is called ____________________ .a. collect requirementsb. define scopec. plan scope managementd. create WBS
The project scope baseline consists of the approved versions of three of the four documents listed below. Which of these documents is not included in the project scope baseline?a. project scope statementb. project charterc. work breakdown structure (WBS)d. WBS dictionary
Which of the following statements about a work package is true?a. It requires the work of the entire project team.b. It is the responsibility of the project manager.c. It is the lowest level of the WBS.d. It consists of a single activity.
Which of the following is not a common method for organizing a WBS?a. free formatb. indented outlinec. hierarchicald. cross-functional
A “component of the project management plan that describes how the scope will be defined, developed, monitored, controlled, and verified”is the ____________________ .a. project statement of workb. requirements management planc. scope management pland. WBS dictionary
Which of these is not a component of a Project Scope Statement?a. summary budgetb. project deliverablesc. acceptance criteriad. project exclusions or boundaries
The key output of the scope planning process is an approved version of the scope baseline.After this baseline is established, it can be referenced during project execution in order to ____________________ .a. staff the project properly with the right skill setsb. link requirements back to their
Create a requirements traceability matrix like Exhibit 7.2 for a project in which you plan an event on your campus.
Create a scope statement like Exhibit 7.3 for a project in which you plan an event on your campus.
Construct a WBS in indented outline format like Exhibit 7.11 for a project in which you plan an event on your campus. Be sure to number each row. Also, construct the same WBS in MS Project like Exhibit 7.18.
Think of one thing you have to do this week.Describe how it does or does not meet all five parts of the definition of an activity.
Discuss at least four potential problems in creating accurate duration estimates for activities and two methods for dealing with each potential problem.
If the learning rate is 60 percent and the first time the activity was performed took 200 minutes, the second time performing the activity should take minutes, and the fourth time should take minutes.
Create a logical network using the activities listed below.Planting a Flower Bed 1.. Purchase flowers, potting soil, and tools.2.. Water flowers.3.. Prepare soil by weeding and adding fertilizer.4.. Plant flowers.5.. Dig hole.
Calculate early start, early finish, late start, late finish, and float for each of the activities in the network below. The duration of each activity is given. C 1 A 12 D 7 E E3
Identify the critical path for the network in Exercise 5. How long should the project take?
Display the schedule from Exercise 5 on a Gantt chart showing critical activities, noncritical activities, and float.
Using the information for Exercise 8.8, input the data into MS Project. Display and print the schedule in Gantt chart format as shown in Exhibit 8.19.
Using the information for Exercise 8.9, input the data into MS Project. Display and print the schedule in Gantt chart format as shown in Exhibit 8.19.
The Midlands Company is eager to develop a project schedule. They have already completed the scope statement, work breakdown structure, and schedule management plan. What is the next thing they should do in order to start creating a project schedule?a. define activitiesb. nothing; they are ready to
What is an advantage of using Monte Carlo analysis when estimating the duration for an activity?a. It uses historical data from a similar activity or project to calculate the duration.b. It uses brainstorming techniques to reach a team consensus for the duration.c. It can provide a great deal of
A Gantt chart represents project schedule information in an easy-to-read, graphical format.Which of these is not a component of this type of Gantt chart?a. activitiesb. budget datac. start and end datesd. durations
As a project manager, which of the following situations would concern you the most?a. a three-day delay on an activity with five days total floatb. realizing that an activity on your critical path only took two days instead of the four you assigned it using the PERT methodc. a one-day delay to an
In addition to technical skills, what other skills must a project manager have in order to successfully resource a project?
What does RAMstand for, and what is its purpose?
What will happen to a project’s schedule if an activity on the critical path is delayed?
In regard to resource leveling, why are noncritical path activities generally the first to be delayed?
What are two techniques used to compress a project schedule?
In addition to predecessor–successor relationships, what does critical chain project management(CCPM) factor into its scheduling?
Describe two ways a project manager can resolve resource overloads. Under what circumstances should each be used?
Cite problems with traditional project scheduling techniques and why some organizations might opt to use critical chain project management.
Recognition and rewards ____________________ .a. should be used on rare occasions, for exceptional performanceb. are the responsibility of the functionalmanagerc. should be included in the project’s Staffing Management Pland. are perquisites reserved for the project manager and project sponsor
When the demand for resources is greater than the available supply, the project manager can use a scheduling method that adjusts the start and finish dates of activities in order to address resource limits or constraints. This technique is called ____________________ .a. fast trackingb.
A certain project has three activities on its critical path. Activity A’s normal completion time is five days. It can be crashed to three days at a cost of $500. Activity B’s normal completion time is six days, and it can be crashed to four days at a cost of $50. Activity C’s normal
Using the data below, create the project schedule using normal times. Determine the order in which you would crash the project one day, two days, and so on until it is in an all-crash mode. Identify how much it would cost for each day you crash the schedule. Activity A - Predecessor Normal Time
Using the data below, create the project schedule using normal times. Determine the order in which you would crash the project one day, two days, and so on until it is in an all-crash mode. Identify how much it would cost for each day you crash the schedule. Activity A Predecessor Normal Time
Is it possible to completely avoid variation in a project? Why or why not?
Why is it important for project managers to understand the fixed and variable costs of a project?
The project manager at a software company predicts her project’s costs based on previous projects she has worked on that were similar. (She takes into account the differences between her current and previous projects, as well.) What type of cost estimating is she using?
Using the same project described in question 2, what are a few examples of milestones at which you might measure cost control?
Using the same project described in questions 2 and 3,whichmethod(s) of estimating cost would you use in order to establish a baseline budget?Why?
Give an example of how a project manager could run into problems with cash flow, even when he is within budget on the overall project.
is “the process of aggregating the estimated costs of individual activities or work packages to establish an authorized time-phased project budget or cost baseline.”a. Determine cash flowb. Determine budgetc. Determine cost estimatesd. Determine funding requirements
Using the data below, create a time-phased budget for the project. Show how much the daily and cumulative costs for the project are, just as the monthly and cumulative costs are shown in Exhibit 10.9. Immediate Duration Hourly Work Hours Activity Predecessor in Days Resource Cost per Day A Evaluate
Using the data below, create a time-phased budget for the project. Show how much the daily and cumulative costs for the project are, just as the monthly and cumulative costs are shown in Exhibit 10.9. Immediate Duration Hourly Hours per WBS Activity Predecessor in Weeks Resource Cost Week 1
A negative impact is known as a(n) , while a positive impact is known as a(n).
Relative to the project’s life cycle, when is the cost per risk discovered typically highest?
When a project manager is gathering information about risks, is it a good idea for her to set a limit on the number of risks that will be considered?Why or why not?
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