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QUESTION

BUS 517 FINAL EXAM PART 4 / BUS 517 FINAL EXAM PART 4

Question 1

The percent complete index that looks at percent complete in terms of budgeted amounts is calculated by which of the following?

Answer 

EV/BAC

(EV-PV)/BAC

AC/EAC

(EV-AC)/BAC

(EV-PV)/EAC

Question 2 

The earned value of a project is the:

Answer 

Project cost to date adjusted for project scope changes

Total project cost to date

Cost incurred minus the planned cost

Percent of the original budget that has been earned by actual work

Question 3 

The third step in the project control process of the measurement and evaluation of project performance is to:

Answer 

Review the baseline plan with top management

Analyze inputs to the control system

Compare the plan against actual performance

Measure both progress and performance

Review spending with team members

Question 4 

The percent complete index that looks at percent complete in terms of actual amounts is calculated by which of the following?

Answer 

EV/BAC

(EV-PV)/BAC

AC/EAC

(EV-AC)/BAC

(EV-PV)/EAC

Question 5 

The cost variance for a project is calculated by:

Answer 

EV-AC

AC-SV

PV-EV

CU-EV

EU-PV

Question 6 

The second step in the project control process of the measurement and evaluation of project performance is to:

Answer 

Review the baseline plan with top management

Analyze inputs to control system

Compare plan against actual

Measure progress and performance

Review spending with team members

Question 7 

Implementing closedown includes the following major activities except:

Answer 

Getting delivery acceptance from the customer.

Shutting down resources and releasing to new uses.

Closing accounts and seeing all bills are paid.

E-mail the project team that the project is complete.

Creating a final report.

Question 8 

Items technical in nature and focus on solutions to problems that surfaced would typically appear in the _____ section of the final project report.

Answer 

Analysis

Recommendations

Classification of project

Lessons learned

Strategic objectives

Question 9 

The section of the final project report that new project teams are likely to find most useful is the:

Answer 

Analysis

Recommendations

Classification of project

Lessons learned

Strategic objectives

Question 10

Releasing the project team typically occurs _________ during the closure phase.

Answer 

Gradually

Rarely

Without bombast

Rapidly

All at once

Question 11 

Project mission and objectives, procedures and systems used, and organization resources used typically appear in the _____ section of the final project report.

Answer 

Analysis

Recommendations

Classification of project

Lessons learned

Strategic objectives

Question 12 

When a project may start with a high priority but see its rank erode or crash during its project life cycle as conditions change this is an example of:

Answer 

Normal

Premature

Perpetual

Failed Project

Changed Priority

Question 13 

If a construction company in Dallas builds a bridge in Houston, the project would be classified as

Answer 

Global

Overseas

Local

Domestic

Foreign

Question 14 

If IBM built a computer system for Outback Barbie Inc. (based in Australia) at their corporate headquarters in Sydney, the project would be classified as

Answer 

Global

Overseas

Local

Domestic

Foreign

Question 15 

A sense of frustration in not being understood is typical of which of the following stages of culture shock?

Answer 

Honeymoon

Gradual adjustment

Irritability and hostility

Repatriation

Adaptation

Question 16 

McDonald's is creating a multinational distribution system for all of its foreign and domestic subsidiaries. The project manager is from the corporate headquarters and he manages teams from each of the countries involved. The project would be classified as

Answer 

Global

Overseas

Local

Domestic

Foreign

Question 17 

Culture is a concept that encompasses all of the following except:

Answer 

Shared norms

Beliefs

Values

Economic level

Customs

Question 18 

Which of the following is not contained in the Assessment Matrix Project Site Selection?

Answer 

Political stability

Worker skill, supply

Infrastructure

Culture compatibility

Utilities

Question 19 

Which of the following is not one of the forms that stress-related culture shock takes?

Answer 

Fatigue

Sleeplessness

Headaches

Hyperactivity

Question 20 

The term that is used to reflect how organizations oversee their project management systems is:

Answer 

Project administration

Fiduciary responsibility

Management

Oversight

Project regulation

Question 21 

Which of the following is responsible for the continued support of consistent application of selection criteria, standards, processes, training, and general assistance to project managers and continued improvement and use of best practices?

Answer 

Portfolio Project Management

Project Office Management

Project Management Optimization

Project Priority Matrix Management

Resource Allocation Optimization

Question 22 

The use of an organization-wide project management system tailored to specific needs of the organization is established in which of the following Maturity Model Levels?

Answer 

Ad Hoc Project Management

Formal Application of Project Management

Institutionalization of Project Management

Management of Project Management System

Optimization of Project Management System

Question 23 

The development of a system for managing multiple projects that are aligned with strategic goals is established in which of the following Maturity Model Levels?

Answer 

Ad Hoc Project Management

Formal Application of Project Management

Institutionalization of Project Management

Management of Project Management System

Optimization of Project Management System

Question 24 

The first appearance of standard approaches to managing projects including scope statements and WBS occurs in which of the following Maturity Model Levels?

Answer 

Ad Hoc Project Management

Formal Application of Project Management

Institutionalization of Project Management

Management of Project Management System

Optimization of Project Management System

Question 25 

The in-depth review of individual projects at specific phases in the project life cycle is known as:

Answer 

Project Assessment Checkpoint Reviews

Go/Kill Decision Review Methodology

Phase Gate Methodology

Stargate Review Methodology

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