Bus517 Final Exam Part 3

Question 1

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

Answer

Set a baseline plan

Determine the project objectives

Determine the project deliverables

Analyze the project budget

Review the project priority matrix

Question 2

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 3

A project monitoring system involves all of the following except:

Answer

Determining what date to collect

Determining how, when, and who will collect the data

Adjusting the data

Analysis of the data

Reporting current progress

Question 4

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

Answer

Take appropriate action

Prepare a report to top management

Follow up on corrective action

Measure progress and performance

Review spending with team members

Question 5

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 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

Small refinements that eventually build to be major changes are known as:

Project erosion

Scope creep

 

Specification adjustments

 

Specification refinements

Continuous improvements

Question 8

In monitoring project time (schedule) performance actual performance should be compared to:

Answer

Budgets for the current year

Top management's targets

Project network schedule derived from the WBS/OBS

Progress on similar past projects

Previous status reports

Question 9

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 10

In the Snapshot from Practice, New Balls Goes Flat in NBA, is an example of a project gone wrong when the _______ is/are not consulted.

Answer

Manufacture

Equipment and facilities managers

End-users

The Fans

Project manager

Question 11

__________ of lessons learned are designed to improve performance on current and future projects.

Answer

Retrospectives

Corrective action plans

Introspective

Culmination

Evolution

Question 12

Many projects will fail because of circumstances beyond the control of the project team is called:

Answer

Normal

Premature

Perpetual

Failed Project

Changed Priority

Question 13

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 14

When the project may be completed early with some parts of the project eliminated this is considered to be ___________ closure.

Answer

Normal

Premature

Perpetual

Changed Priority

Failed Project

Question 15

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 16

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 17

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 18

Which of the following is not one of the techniques to insure that projects meet the needs of the organization?

Answer

Standards

Procedures

Accountability

Controls

Question 19

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 20

The importance of the increase in project oversight to today's project manager includes all of the following except:

Answer

Increase in expected profits from projects

Increased interest in supporting and helping the project manager

Impact on the environment in which the project will be implemented

Impact on how the project manager's performance will be measured

The reporting of project progress to an oversight group

Question 21

Which of the following is not one of the four performance goals measures in the scorecard model?

Answer

customer

internal

financial measures

industry standards

innovation and learning

Question 22

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 23

The focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods 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

Which of the follow percentages is the authors' estimate of project-driven organizations that have been implementing some form of oversight for several years?

Answer

95%

90%

85%

80%

75%

Question 25

During which of the following phase gates would the question of "Are time, costs, and scope performances within acceptable limits?" be answered?

Answer

Proposal

Screening and selection

Implementation

Progress evaluation

Closure

 

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