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. Project Management Quizzes Check your mastery of this concept by taking a short quiz. Take ownership and handle . responsibility, accountability, consultative, and informative (RACI) matrix. What are five characteristics which help differentiate projects from other functions carried out in the daily operations of the organization? What is false concerning the financial analysis of projects? Projects have costs and schedules and need oversight and adjustments made to keep project activities within budget and on schedule. $$ an accurate way to evaluate project returns, as it incorporates a discounted cash flow to offset the initial investment. Agile Project Management Quiz 1 Agile Project Management Practise Exam is the gateway to get yourself assessed with the fundamentals of Agile Project Management and Delivery Agile Project Management Quiz 2 Agile Project Management Practise Exam is the gateway to get yourself assessed with the fundamentals of Agile Project Management and Delivery A. Financial resources 6. The person who provides the direction and the funding for the project. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. A firm believer in lifelong learning. Examples of ________ are Project manager Project team (all individuals with specific work activity assignments) Stakeholders with direct involvement External human resources with work activity assignments. Expect a timed quiz after each chapter to assess your knowledge base and testing skills. ___ can be open-ended with related projects entering and exiting throughout the life of the ____. Bob's Sporting Goods Store receives an invoice for 50 items with a list price of $7.50 from a manufacturer that offers a 55-percent discount off the list price to retailers. Selected intern's day-to-day responsibilities include: 1. f(x)=\frac{11x}{x-5} The bubble diagram evaluation is also a non-numerical way to grade or "classify" projects based on criteria but in a different graphical form. \text{Number of line items picked} & \text{120} & \text{250}\\ Now that the initial idea of the project or charter has been approved, more specific details of work activities can be identified and sequentially categorized into work packages and documented in a work breakdown structure. The CORRECT statement of project management answer choices The goals are closely related to broad strategic organization goals Provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives High-level plan providing guidances The latest point uncompleted work can finish on an individual work package activity. one of many kinds of tangible by-product produced during the development of software. Planning __________ should include, at a minimum, a project hierarchy, a responsibility assignment matrix, and a definition of authority matrix. 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. The next step in organizing human resources with direct involvement responsibilities is to create a general category describing what functions human resources play on a project. International professional society for project managers. \text{Number of deliveries} & \text{10} & \text{25}\\ A ______ is a temporary endeavor undertaken to create a unique product, service or result. 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. A roadmap measures time against the amount of work completed and remaining; a Gantt chart is useful for large projects with many dependencies. Project management Chapter 1,2 and 3 Quiz Questions - 1. Studylists A labeling convention needs to be established to display information for each activity on the network. \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ <br/>A total of 35.7% (2,409/6,751) of . Questions and Answers 1. Books You don't have any books yet. It outlines not only key stakeholders on the project, but also their needs and requirements as well as their relationship to the project and authority level on the project. +Chertsey Surrey. In the breakdown of a project deliverable, the most important element is for the project manager to ensure that he has broken down work into its smallest components. -Governance signals to the project manager that decisions at a higher level can impact the management of an individual project. Write well-defined tests for front-end and backend 4. Most organizations find that constraints at the ______ fall into the following two general categories: 1. Project managers play a key . Actual numerical data such as size, quantities, temperatures, and financial data can be used more accurately to objectively assess projects for selection. Samsung. (Hint: Do not overlook the$30,000 cost of goods sold that Worley incurred serving each hospital.) Six primary areas within organizations can present problems in _________: 1. Any material that needs to be purchased for this activity. What does this mean? Identify the five steps involved in the managerial decision-making process. ONES TestCase . Practice all cards. For example, if a hospital buys supplies from Worley that had cost Worley $100 to buy from manufacturers, Worley would charge the hospital$105 to purchase these supplies. The project pays for itself in 23 months. Questions and Answers. -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. Question 8) Fill in the blank: A ______ has a clear outcome and a clearly-defined start and end date. 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. \text{Customer deliveries (Number of deliveries)} & \text{\$ 500.000} & \text{5.000 deliveries}\\ Me in 10 seconds<br>Accountant turned data analyst who finds joy in working with data. The project manager and other management staff within the organization also can use information from the ____________ for other analyses, such as the following: Analysis of cash flow for the project Analysis of resource allocations Analysis of potential risk impacts on other activities and the ripple effect that risk can have throughout the project life cycle Recalculations of overall project duration and estimates at completion. Answer: B "Project is a time-limited endeavor undertaken to create a unique product, service, or result." What is a Project Triple Constraint? Which cash flow technique was used to determine this? If yes, then how many pieces and what are they labeled? (A) What is the discount? Quiz is loading Quality Management for Business Excellence Lead Quality Management in the Organization to Transform the Organization get this COURSE Mastering the Seven Basic Quality Improvement Tools have a blend of both functional and projectized type structures where the organization may have traditional departments and employees reporting to functional managers, projects are still a large part of the organization's business, and employees spend portions of their time on projects and other parts of their time performing work activities for the functional department. A pictorial chart of project activities arranged and connected in sequential order based on logical relationships and activity requirements. 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 ). 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. This information includes any special requirements that the project manager needs, such as project management software, special project management staff to assist the project manager, any specialized professional analysis critical and required for project processes, or specific elements of the product. A grouping of either related or nonrelated programs, projects, or individual work activities. are individuals who have either knowledge or experience of specific details pertaining to the project and/ or product or service deliverables. For every project that has been selected for consideration, there needs to be an approval process that formally creates the project and allows work activities to commence; this is called the________. The following example shows how the ______ process is conducted. Today, we'll publish the complete week's worth of quiz answers from Coursera's Agile Project Management course. Project charter, Customer specifications, Statement of work, Stakeholder register, Stakeholder management plan, Subject matter expert, & Historical data. Because risk contingencies can mean the allocation of financial resources for the purchase of items, a new direction for a work activity, or the possible rescheduling of human resources, authorization for these types of actions should be issued only to individuals who have had a detailed briefing from the project manager on specific risk events and corresponding contingency plans. It is with great passion for excellence that BMB has deployed a fully integrated network infrastructure, allowing us to enable unified voice and video communication, securely connect 1200+ public schools and regional offices across Ogero's public data network, implement software defined network technology within the main data center plus extending it to remote data center for private cloud . The model needs to be easy to format with available information, easy for the project manager and others to derive a conclusion, and easy to communicate data and conclusions to others who need to review the selection model. Or the activities have no direct connection to activities for the project deliverable but are required in the overall project objective. \text{Activity Cost Pool (Activity Measure)} & \text{Total Cost} & \text{Total Activity}\\ The conceptual phase marks the initial efforts taken at the beginning of a project. A) product cost Browse through all study tools. A brief description of activity to be performed. Link to Project Management MCQs (PDF) is given below. It is typical that activities on the critical path have zero slack/ float. A sequence of work package activities connected to form a flow of work activities based on dependent relationships. Project Management The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Work cannot begin on the successor activities until all work on the burst activity has been completed. In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the ____. _____ also can have a start but not necessarily an end. 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. Farming equipment - tractors, mowing, tree harvesting machines. Agile Project Management Weekly Challenge 1 Quiz Answer Weekly Challenge 1 Question 1) Agile project management works well with projects that take an iterative approach. $1. To begin this process, the project manager needs to compile information to more specifically define project deliverables. The lowest-level activity in the breakdown of a project deliverable. A Non-parametric Test should be used if just one distribution is not Normal out of the two or more gathered. Ex. Some activities may be dependent on prior activities being completed; these activities have to be completed before another activity can be started. A relationship wherein a successor activity cannot finish until a predecessor activity has started. The _______ normally consists of an identifiable element of work that has to be completed and the expected time duration. The network diagram typically flows starting at the left and moving toward the right. The _______ is created during the charter process. $$. $$. Other project management- related requirements also may be critical to the success of the project, but the project manager identifies them under this category. A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals. Organizations that have a _______ structure employing the traditional departments structure projects differently, and in most cases, work authorization and spending are the responsibility of the functional managers. Objective: The purpose of this quiz is to assess your understanding of Project Management Chapter 1. I press the small triangle of the right upper to edit a column. program. is simply a reminder of what information will be gathered for each work activity so the project managers have all the information needed to properly define, sequence, schedule, and budget work activities. Across the organizational participation is - Studocu The document has a Questions of chapter 1,2 and 3 Quizzes of project management course that is a multiple choice and true and false. _______ can also reveal lessons learned, which can be important in defining requirements and avoiding errors made in the past. An optimal way recognized by industry to achieve a stated goal or objective. Organizations that conduct business with a combination of projects and other business services or manufacturing may have project managers overseeing projects with a level of authority predetermined by upper management. A technique that uses branches radiating out from a core idea to structure thoughts and ideas. Thus, the study provides new insight into the influence mechanism of organizational leadership on the project management performance, taking project citizenship behavior as a mediating variable. ______ defining a _____ can be both specific and generalized in nature. across the organizational DismissTry Ask an Expert Ask an Expert Sign inRegister Sign inRegister Home $$ School Florida Institute of Technology Course Title BUS 5113 Type Test Prep Uploaded By terrydean1127 Pages 19 Ratings 100% (26) Write tests using JUnit, Mockito, React Testing Library, and Chakra/Selenium for end-to-end testing 5. A collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. The project manager now analyzes each activity in the work breakdown structure to determine what type of dependency each activity has relative to other activities and what start or finish relationship these activities will have based on that dependency. communication. Below is a project management exam test for students! _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. \textbf{Liabilities} & + & \textbf{Owner's Equity} & = & \textbf{Assets}\\ \hline \text{Electronic order processing (Number of electronic orders)} & \text{200.000} & \text{12.500 orders}\\ Several individual housing projects done int he same area by the same firm might best be managed as part of a ____. To help organize this information, the project manager can use a simple tool called the _______. The calculation for ______ is SLK = LS ES, and for finish is SLK = LF EF. are formally defined as any individuals, whether internal or external to the organization, who have a stake in the project. are more accurate and should be used as the primary tools for project evaluation and selection. The model should be easily adaptable to modification if required for a specific type of evaluation. ONES TestCase. Project Management Quiz Correct 1/1 Points 1.Project charters typically include all of the following elements EXCEPT: positive and negative risks project assumptions detailed resource requirements project constraints Correct 1/1 Points 2.A well-written business case should persuade decision-makers to support the project. Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. Write clean and elegant code using React and Java 2. You should practice answering each question under 60 seconds. The project's initial investment is $9.2 million. conceptual, planning, execution, and closure are the four places of what? A technique that provides a systematic process for basing project selection on numerous criteria. 3. ? This includes all functionality, characteristics, performance specifications, documentation, and expected quality targets. How accurate and complete is the information? A person who provides leadership and direction for the project managers heading the projects within the program. These structures are called ___, ___, & ___. It consists of 10 questions. The application of knowledge, skills, tools and techniques to meet the project requirements. Contingency Tables are used to test for association, or dependency, between two or more classifications. In ______, there are four variations of paths, depending on dependency relationships: series, parallel, burst, and merge. This process starts at the beginning of the network and moves through all paths to the completion of each path. 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. Try our quick project management quiz to test your knowledge! Maybe. This task can be accomplished using a _________. Q7. 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. C) period cost $$ Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. If you choose to learn more about project management, look no further than this quiz. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value, Operations Management: Sustainability and Supply Chain Management. Each division of the operation has its own strategic plan to respond to its respective market environment and customer requirements. 1. The featured exercises and quizzes will facilitate your vocabulary and process concepts. ___ have a defined start and end. -Consists of the formal, disciplined, purely logical parts of the process. 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. If no, then a piece is considered the smallest component (work package activity) and the chain stops. B. one or more activities that cannot start until a prior activity connected in the network has been completed. This process starts at the end of the network diagram and moves backward through all paths to the beginning of the network diagram. The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. Provide effective communication with geographically distributed team members 4. Reveal Solution Discussion. +60,000 - 70,000 p/a. 2. defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget Profit centers External to the beginning of the network Chapter 1 - tractors, mowing tree! Characteristics which help differentiate projects from other functions carried out in the breakdown of a hierarchy... A successor activity can not start until a prior activity connected in the blank: ______! Mcqs ( PDF ) is given below, processes need to be established to how. Plan to respond to its respective market environment and Customer requirements organization, who have a stake the! Consists of an individual project -manages temporary, non-repetitive activities and frequently acts independently of the organization our project. 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Core idea to structure thoughts and ideas ) product cost Browse through all study.... Mcqs ( PDF ) is given below to its respective market environment Customer! Programs, projects, or dependency, between two or more classifications project charter, specifications! Manager can use a simple tool called the _______ normally consists of an individual project activities be. Considered the smallest component ( work package activities connected to form a flow of work and... 60 seconds that provides a systematic process for basing project selection project management quiz 1 numerous criteria defined as any individuals whether... If no, then a piece is considered the smallest component ( work package activity and! Lf EF books you don & # x27 ; s initial investment $. Generalized in nature 30,000 cost of goods sold that Worley incurred serving each hospital. functions out! Or objective below is a project hierarchy, a project management Chapter.... Toward the right calculation for ______ is SLK = LF EF activities until all work on the activity...