New Semester
Started
Get
50% OFF
Study Help!
--h --m --s
Claim Now
Question Answers
Textbooks
Find textbooks, questions and answers
Oops, something went wrong!
Change your search query and then try again
S
Books
FREE
Study Help
Expert Questions
Accounting
General Management
Mathematics
Finance
Organizational Behaviour
Law
Physics
Operating System
Management Leadership
Sociology
Programming
Marketing
Database
Computer Network
Economics
Textbooks Solutions
Accounting
Managerial Accounting
Management Leadership
Cost Accounting
Statistics
Business Law
Corporate Finance
Finance
Economics
Auditing
Tutors
Online Tutors
Find a Tutor
Hire a Tutor
Become a Tutor
AI Tutor
AI Study Planner
NEW
Sell Books
Search
Search
Sign In
Register
study help
business
project management for small projects
Value-Based Metrics For Improving Results: An Enterprise Project Management Toolkit 1st Edition Mel Schnapper, Steven C. Rollins - Solutions
Satisfactory performance is dependent on critical performance factors. True or false?
Process deliverables are measurable for time and cost. True or false?
In the perform quality control process, project team members help construct quality control measurements by providing information relevant to areas of the project within project team delivery expectations for time and cost. True or false?
The fiscal year strategic plan defines what projects must be worked in the fiscal year. True or false?
In the perform quality control — validated defect repair deliverable, the project sponsor and the project initiator are not critical performance factors.True or false?
A long-term training objective for team members in updating a project management plan is to become trained in the process to develop and complete updates to a project management plan as a means to improve total effort to complete task. True or false?
In measuring the quality management plan, project team members help construct the quality management plan by providing information relevant to areas of the project quality management plan within project team delivery expectations for time and cost. True or false?
Validated defect repair is a deliverable of the perform quality control process. True or false?
The quality management plan is a deliverable of the perform quality assurance process. True or false?
Project cost management involves planning, estimating, budgeting, and controlling costs. True or false?
Activity cost estimates supporting detail often includes the risk response plan. True or false?
Cost baseline measures overall performance of the project. True or false?
Cost control process for recommended corrective action enables expected future performance of the project to be in line with the project management plan. True or false?
Organizational process assets updates does not include:a. Root causes of variancesb. The reasoning behind the corrective action chosenc. Resource production control updatesd. Stakeholder approval
Which of the following is not an output of cost control:a. Cost estimate updatesb. Activity cost estimate supporting detailc. Forecasted completiond. Organizational process assets (updates)
Cost management plan updates result from the:a. Cost budgeting processb. Cost estimating processc. Cost control processd. Risk management process
Project funding requirements usually are supported best by the:a. Management contingency reserveb. Cost management planc. Project management pland. Requested changes
Cost baseline is a time-based budget that is not used as a basis to:a. Measureb. Monitorc. Controld. Add resources
Requested changes to cost estimating are processed for review and disposition through:a. Project management plan processesb. Cost management plan processesc. Integrated change control processesd. Risk management plan processes
In performing cost estimating, activity cost estimates do not rely on which of the following inputs:a. Laborb. Materialc. Equipmentd. Requested changes
Cost control process does not include which of the following outputs:a. Cost estimate (updates)b. Performance measurementsc. Requested changesd. Cost management plan (updates)
Cost budgeting process does not include which of the following outputs:a. Cost baselineb. Project funding requirementsc. Requested changesd. Forecasted completion
Cost estimating process does not include which of the following outputs:a. Activity cost estimatesb. Activity cost estimates supporting detailc. Cost management plan update(s)d. Cost baseline
Project Cost Management does not include which of the following processes:a. Cost estimatingb. Cost budgetingc. Cost controld. Cost management
Which of the following is not an output of the schedule control process:a. Schedule model data (updates)b. Schedule baseline (updates)c. Performance measurementsd. Activity list J.
Preparation of project logical relationships, leads and lags might reveal instances that can generate change to the activity list or the activity attributes.True or false?
The activity list is a comprehensive list that includes all schedule activities that are planned to be performed on the project. True or false?
Project Time Management does not include which of the following significant process:a. Activity definitionb. Activity sequencingc. Schedule developmentd. Schedule reporting
Project Time Management PMBOK® area of knowledge includes the processes required to accomplish timely completion of the project. True or false?
Project Scope Management is a critical component in effectively managing project governance and reporting. True or false?
Project scope development does not contain which of the following processes:a. Scope planningb. Scope definitionc. Scope change controld. Scope verification
In scope planning for the scope management plan, this document must be approved by the project sponsor. True or false?
Satisfactory performance for approving applied work breakdown structure updates to project scope can be late in time and/or over budget. True or false?
Approval by the project initiator is a key value area for scope control updates of the organizational process assets. True or false?
Work breakdown structure updates are not an output of scope control. True or false?
The project sponsor has approval authority for the detailed project scope statement in scope planning. True or false?
Short-term training objective for scope verification is the project manager conducts meetings with project sponsor and team member(s) on updating the project scope from the work breakdown structure information regarding what is involved and who is performing certain tasks within schedule
A key performance factor for the project sponsor(s) is review and/or approval of various versions of recommended corrective project scope action within project team delivery expectations for time and cost. True or false?
Work breakdown structure creation does not produce which of the following outputs:a. Work breakdown structureb. Work breakdown structure dictionaryc. Project management plan (updates)d. Work breakdown structure (updates)
A standard of 3Ms metrics is that no more than five key value areas should be allowed. True or false?
When considered in the aggregate, the 3Ms metric profiles presented in this chapter can be processed to produce a quantifiable assessment of any completed project with sufficient inspection given to the competency of the project manager and the project sponsor. True or false?
In the 3Ms metric for integrated change control — approved corrective action, the short-term training objective is to ensure the work completed is reviewed by the customer. True or false?
In the 3Ms metric for integrated change control — rejected change request, a critical performance factor is the project sponsor approving every project rejected change request action within project team delivery expectations for time and cost. True or false?
The 3Ms metric for organizational process assets contains four key value areas. True or false?
Which of the following 3Ms metrics is part of the direct and manage project execution process:a. Requested changesb. Configuration management systemc. Deliverables (approved)d. Contract closure procedure
In the administrative closure 3Ms metric, it is required that project team members are involved. True or false?
A performance rating of 4 usually indicates:a. Nothingb. Satisfactoryc. Poord. Excellent
If a project management plan was completed 6% ahead of schedule and cost, then the resulting performance would be a 2. True or false?
Which of the following 3Ms metrics is not part of the develop project management plan process:a. Project management planb. Configuration management systemc. Project charterd. Change control system
Project fraud only exists in the supply-side organization of a business. True or false?
Corporate governance must manage for fraud. True or false?
Corporate governance owns the responsibility for the achievement of each corporate objective during the fiscal year. True or false?
Most project teams should not care about the health of the corporate objectives during the fiscal year. True or false?
Corporate governance provides the balance between market-side leadership and supply-side leadership in helping the business achieve its mission.True or false?
Most businesses prosper from a supply-side business approach. True or false?
Project fraud can be prevented by reducing the opportunity to commit project fraud. True or false?
Management action by the corporate governance team often can be determined by the results published by the PMO in its monthly report to key stakeholders. True or false?
The fiscal year strategic plan establishes the baseline expectations for growing the business. True or false?
The fiscal year strategic plan defines what projects must be worked in the fiscal year. True or false?
In forming the corporate governance team, which of the following is not critical:a. All suborganizations should be representedb. All project work should be prioritized in force-ranked fashion by corporate governancec. Each strategic project must have a corporate governance sponsord. The most
It is best for a business if supply-side leadership makes most of the business decisions. True or false?
There is no direct relationship between strategic projects and corporate objectives. True or false?
Corporate governance membership is derived from:a. Project teamsb. Other businessesc. Internal auditingd. Business unit leaders or their delegates
Corporate governance establishes work priority for strategic projects for the benefit of the business. True or false?
The Project Management Institute’s PMBOK® areas of knowledge are a critical standard for any metrics-based program. True or false?
Across most business, project investment has become a risky business.True or false?
Applying project management rigor and discipline to achieve project delivery in alignment with corporate objectives can bring about value-based business transformation. True or false?
Economic globalization is forcing project team size (resources) to become smaller and smaller. True or false?
The value audit form collects the relevant information to document the unexpected value derived from the output of a work result. True or false?
Metrics program management should operate from internal auditing. True or false?
Change management is often avoided by project teams. True of false?
The PMO closes the information loop as a means to help project teams be successful in delivery. True or false?
If you can’t measure, you can’t manage. True or false?
The value proposition of project management is best described as:a. Grow business prosperityb. Keep costs lowc. Manage riskd. Improve your job value
Not being aware of what the business wants to achieve for the fiscal year in its key project investments only hurts your chance to contribute more personal value and hurts the business that pays you. True or false?
In any organization, a well-defined metrics program can yield the viable benefit of strategic and tactical alignment of business expectations with those of the workforce. True or false?
Resource-based metrics programs are much more dynamic in change from year to year than project-based metrics programs. True or false?
A resource-based metrics program places primary value on cost-optimizing resource performance and typically measures utilization first and effectiveness second. True or false?
The cost optimization model focuses on spending money on projects and resources that are allocated, without much regard for the resulting influence this has on inter/intraproject and resource sense of urgency. True or false?
In a project-based metrics program, all work measured is considered to be project work. True or false?
Today, when a company uses traditional cost accounting or its popular replacement, activity-based costing, the distortions of allocated costs still apply. True or false?
Team members know that if, by some miracle, they finish a task in less time and turn the task in earlier than the due date, next time they will be expected to finish tasks in record time. True or false?
A strategic resource is that resource that is most multitasked in a multiproject environment. True or false?
It is not important if an individual task finishes on time. What is most important is that the project finishes on time, at the earliest possible time to drive benefits to the organization. True or false?
Bad multitasking often occurs when team members split their time between multiple tasks such that:a. Overworked team member quitsb. Work needed now is not started until it is latec. Combined duration of all work is dramatically increasedd. Project fails
When safety exists in work estimates, people often delay starting work on a given task until much later than planned. This is knows as Student Syndrome. True or false?
When work estimates are given, it is often found that work expands to meet these estimates. This is known as Parkinson’s Law. True or false?
There are three considerations for success in project management. Which of the following is not one of them:a. Choosing the right project mixb. Ensuring the correct scope of each projectc. Keeping the project scorecard currentd. Driving projects through to completion as quickly as possible
Return on investment is derived from the net profit divided by the investment.True or false?
Cost accounting, as a way to manage complexity, can lead a company to:a. Fast business growthb. Wrongly believe that outsourcing will be more cost effectivec. Properly measure worker valued. Better recognize work fulfillment
One of the distortions of cost accounting is how it:a. Measures the performance of the system as a wholeb. Improves team speed-to-market performancec. Optimizes work throughputd. Supports business growth
A good measurement should drive a person in any function to do what is good for the organization as a whole. True or false?
The difference between good and great companies is that in great companies:a. Project work is aligned with corporate objectivesb. Executives have more oversightc. Project teams are happier in their workd. Bad measurements, the ones that demotivate or confuse people, are eliminated
Whenever you include efficiency or cost reduction measurements on the same scorecard as throughput or getting work done, the person being measured will frequently:a. Perform betterb. Remain unclearc. Find himself or herself in conflictd. Blame others
The TOC approach encourages a balanced scorecard system. True or false?
The three case studies in this chapter show how the 3Ms approach can be used for everything that is performance related. True or false?
Though the 3Ms is useful for work-related tasks, it has limited use for the social environment. True or false?
The components of success for the project management case study in this chapter were longevity, history, technology of measurement, supportive director, collaboration, and secure environment. True or false?
In a project management environment, alignment cannot occur beyond four levels of the organization. True or false?
Annual performance objectives are always the most practical for managing progress toward predefined success. True or false?
Showing 3400 - 3500
of 5917
First
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
Last
Step by Step Answers
Get 50% OFF
Claim Now
