In any case, __________ should include, at a minimum, the following: Project management tools used to break down and organize work activities Key people to interview for information Ways to accurately and effectively document information gathered Units of measure used to document the project (that is, hours, weeks, months) Scheduling estimating techniques Scheduling methodologies Tools used to monitor and measure project performance Reporting formats and protocols. The functional manager still holds authority over her department, but the project manager can hold an equal level of authority in overseeing resources from several departments in managing a project. a method for software development that uses new approaches, focusing on close collaboration between programming teams and business experts. The selection model should require a review of the organization's capabilities, level of technology, and general fit in the current business portfolios of projects. are more accurate and should be used as the primary tools for project evaluation and selection. Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. Me in 10 seconds<br>Accountant turned data analyst who finds joy in working with data. This document might have been created during the charter process, if a written customer specification was not available, as a narrative description of the product or services that will be produced by the project. Many organizations find duplicate or unneeded projects after they perform which step in project portfolio management? A gile Project Management Quiz Answers Week 1. \text{ } & \text{Activity}\\ network diagram and activity interdependencies. For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. are a blend of functional and projectized structures using the benefits of each in completing the organization's objectives. ________ include all detailed information defining specific requirements to project deliverables. A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. Learned and applied Project Libre, Gantt chat, flowcharts, Maps, and financial assessments for managing projects. Developing a plan to manage the _____ also includes developing processes that control and validate information used in developing the project schedule. Learned and applied knowledge of project development, Wind Resource analysis, planning, permit turbine technology, and grid connection in different project work. Benefits minus cost, or income minus expenses. What has been the effect of these forces on the management of projects? 5x^{2} + 16x + 3 The ______ analysis starts with a component, such as the final deliverable, and asks whether or not it can be broken up. C. A project manager, project team, stakeholders D. Contract and SLA. A temporary endeavor undertaken to create a unique product, service, or result, A group of related projects designed to accomplish a common goal over an extended period of time, A process of managing a group of ongoing, interdependent, related projects in a coordinated way to achieve strategic objectives. A temporary endeavor undertaken to create a unique product, service or result. 1. identify the organization's current mission, goals, and strategies. The primary treatment recommended for patients was a 3-day course of trimethoprim per the protocol (92.6%) with a small number receiving cefalexin (2.6%) and nitrofurantoin (1.1%). To help organize this information, the project manager can use a simple tool called the _______. Shorter development times 4. Record the end duration value for all immediate predecessor LF values. Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. advantage of structure and stability found in functional organizations through established departments. Any project work activities that have to be completed before this activity can begin. Reviews (called "Gating") during project implementation assess current performance and priorities and decide to continue, halt, hold, or revise the project. * Multinational Manufacturing Company. was originally developed by DuPont Inc. during the same time frame as PERT; it is used primarily in the construction industry because project managers have found it easier to estimate activity durations. Adding the duration of that activity onto the ES produces the EF value: ES + Duration = EF. The _________ is created as an output of the charter process; it contains other stakeholder information such as needs and requirements of information and communication, specific involvement with the project and management strategy of involvement, and details and management of stakeholder expectations. The code is as follows. has to be designed at two levels: work package activity level and overall project level. \begin{matrix} is usually outlined in initial documents such as the project charter and statement of work, but is usually further defined, before the project begins, by customer specifications, contracts, and other documents with specific information relating to the product or service. is the most critical process of the project life cycle because it not only defines the details of project deliverables, but also yields definitions in the structure of all work activities required to meet project objectives. $0 $19.99. $0 $29.99. \text{Electronic order processing (Number of electronic orders)} & \text{200.000} & \text{12.500 orders}\\ Two processes are used to evaluate work activities for_______; they are called the program evaluation and review technique (PERT) and the critical path method (CPM). Because the organization typically has established departments to complete certain activities for daily operations, some of these areas produce things for profit, called _____; other areas within the operation complete tasks to support the _____, such as administration, accounting, and human resources. <br><br> . If an organization produces a more specific type product and customers require several unique variations of the product based on their application, the organization groups these unique product projects into a program for specific customers. It is typical that activities on the critical path have zero slack/ float. Browse through all study tools. +Chertsey Surrey. PMP Practice Test: Project Management Professional 2021. If the same type of activity is performed multiple times within a project life cycle, it is best to label each one uniquely so they can be identified within the network diagram. <p>Dear All, </p> <p>I created a test project to test adding columns in a DataListView, not ListView. Ex. The discount rate that results in an NPV of zero for a project. $0 $29.99. ? Planning and organizing Question 3) As a project manager on a product team, your stakeholders ask you to help the marketing team come up with a strategy to attract customers. Provides reports to management, as required. If the trinomial cannot be factored , so state. In this phase, activities include review of the project objective, customer specifications, and determination of initial stakeholders. A person who deals with the day to day details of meeting specific goals. A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. Selection models should also be in a form that is cost effective to acquire and maintain and also promote continued use by the organization. To keep track of your finances To help you keep track of each key stage of the project To speed up your work process To delegate all your tasks to others Further Resources: One Week Time Management Plan: Three Famous Techniques +Hybrid working (3 days on site per week) +You will be put through SC clearance. has historically been used in research and development; it emphasizes interdependencies between activities and allows the project manager to manage resources between activities. Financial resources 6. Project Management Test About the test: The project management test assesses a candidate's ability to plan projects from conception to implementation, map timelines, assess risks, allocate budgets, execute the project life-cycle in a phase-wise manner, manage stakeholders, debug issues and deliver a product or service. The following definitions help clarify two commonly misused terms in _______: project management plan & project plan. The APMG Sample Exams site will be offline for routine maintenance on: 09 January 2023, between 15:30 and 22:00 UTC ( 15:30 and 22:00 GMT ). are hard requirements of the work package activity and cannot be reversed. is simply a reminder of what information will be gathered for each work activity so the project managers have all the information needed to properly define, sequence, schedule, and budget work activities. There are three elements regarding _________ that the project manager will be responsible for: Identify, manage stakeholders, and manage stakeholder participation. test bank project management: achieving competitive advantage, 4e (pinto) chapter project selection and portfolio management project screening criterion that DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Courses You don't have any courses yet. What is included in the triple constraint of project management? To create a _______ , the project manager must ensure certain processes have been completed and documentation has been created as a prerequisite to organizing work activities in the ______. A work package activity with two or more dependent activities (predecessors) in the network flowing to it. Developing the plan to manage ____ also includes processes to control the accuracy and validation of information gathering, manage influences within the organization in developing the budget, and control plans for how to manage cost throughout the project life cycle. Project Management Quiz - 30 Questions with Answers Project Management Quiz Project Management Questions and Answers: Ques. Contingency Tables are used to test for association, or dependency, between two or more classifications. Reveal Solution Discussion. $$ Question 18) Imagine an auto manufacturer has a project to build a new model of car. A. The SICC Review Course is designed to help prepare you for the certification exam using proven instructional design techniques and interactive learning tools. The technical system and sociocultural dimensions of project management are two sides of the same coin because successful project managers are skillful in both areas. Select all that apply. Two primary components of contract negotiation are the type of contract and its scope. Questions and Answers. What are some of the key environmental forces that have changed the way projects are managed? These activities (B and C only) can be performed simultaneously. use a completely different type of business structure than that of functional organizations where staff members are grouped into workforces that may include representatives from several traditional departments and are tasked with a unique project objective. Identify the five steps involved in the managerial decision-making process. Conducts project management, including establishing reporting requirements, task progress, and deliverable due dates. The network diagram typically flows starting at the left and moving toward the right. is simply the expected profit from a project investment. This task can be accomplished using a _________. To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. ____ goals of an organization, while project management Quiz project management, including establishing requirements... Programming teams and business experts activity and can not be factored, so state used in the! Developing processes that control and validate information used in research and development it! In the managerial decision-making process: project management \text { activity } \\ network diagram typically flows starting at left. 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