IT C783 Project Management: Unit 2 Milestone 2 2021/2022 Fall semester Complete Solution

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IT C783 Project Management: Unit 2 Milestone 2 2021/2022 Fall semester Complete Solution 22/22(100%) questions were answered correctly. 1 Tracy managed a project for a publishing company. He... r team worked with a college professor to publish a new math textbook. Which scenario illustrates a resource risk? • The original estimate for binding the books was two weeks. The bindery informs Tracy that it will take three weeks to complete the binding process. • The copy editor for the textbook becomes seriously ill, so Tracy must hire a new copy editor. • The author thought that the publishing team would create the end-of-chapter questions and answers. • The professor refuses to approve the cover of the book. CONCEPT Planning Phase Risks 2 In which of the following ways does assigning people to tasks relate to the schedule? • The schedule should be created after the tasks are assigned. • The schedule includes performance expectations for team members. • The schedule describes the responsibilities of each team member. • The schedule should be created before the tasks are assigned. CONCEPT Assigning People to Tasks 3 Which of the following is the first step in creating a WBS? • Verify that the work has been properly sequenced • Identify all tasks needed to make the work manageable • Refer to the scope to identify the deliverable • Identify all activities needed for the project CONCEPT Creating a WBS Which of the following is a document that provides guidance on how a project is executed and controlled to ensure successful delivery of the project goals? • Work breakdown structure • Project plan • Resource plan • Risk management plan CONCEPT Project Planning Which of the following are considered only people project resources? • Project support staff, software developer, machinery • Project manager, software, equipment vendor • Project support staff, software developer, equipment vendor • Equipment, project manager, vendors CONCEPT Resource Planning Which of the following statements below regarding the process of developing a project budget is true? • The project manager should refer to the responsibility matrix when developing the budget. • Overhead costs show the costs of external resources utilized by the project. • The project manager may refer to budget estimates from prior projects. • Budgeting for effort includes the costs for all non-people resources. CONCEPT Project Budgeting Which of the following is NOT covered during the Planning Approval meeting? • List of individual tasks • Review of project budget • List of needed resources • List of all documented risks CONCEPT Gaining Approval Which of the following is NOT included on a RACI? • High level project work • Who provides gate approval • Detailed project tasks • Actions required to manage the project CONCEPT Responsibility Matrix Which example describes the use of a Time and Materials contract? • A homeowner pays a landscaping company for plants that were delivered to his home. • A homeowner pays the same monthly fee to a landscaping company regardless of how much work they perform. • A homeowner pays a landscaping company an hourly rate to install plants he purchases from them. • A homeowner hires a landscaping company at a set price to design, provide, and install new plants in his front yard. CONCEPT Procuring Resources Which example below is information that would be provided in a resource plan? • Project stakeholders expect monthly status reports • A competitor is developing a similar product • The project cannot extend beyond six months • New software is needed to organize the project data CONCEPT Project Planning 11 A Work Breakdown Structure (WBS) identifies deliverables, activities, and tasks. Which statement describes a task? • A list that identifies the logical way to progress through work • Work performed to complete or manage the deliverables for a project • Discrete work required to complete parts of a project • Tangible and measurable outcome expected from a project CONCEPT Creating a WBS 12 Which of the following indicates the time when a successor task can start before a predecessor task is complete? • Lead time • Prep time • Lag time • Overall time CONCEPT Sequencing & Dependencies In which of the following ways is quality related to the development of the project schedule? • Changes in quality can help identify dependencies. • A high amount of quality can increase the time it takes to finish a task. • A high amount of quality can decrease the amount of work needed to finish a task. • Quality impacts resources more than it impacts time or effort. CONCEPT Project Schedule All team members need to be included in determining time and effort estimates for which of the following reasons? • Time and effort required is primarily dependent upon the project manager's expectations. • Time and effort required is primarily dependent upon team members' expertise. • The team members need to know these estimates to delegate tasks. • The team members need to know these estimates to hire contractors. CONCEPT Time and Effort Estimates 15 Which of the following individuals listed in the RACI performs the project work? • Informed • Accountable • Consulted • Responsible CONCEPT Responsibility Matrix 16 Which of the following is not a method of creating a project budget? • Roll-up budgeting • Comparison budgeting • Top-down budgeting • Actual budgeting CONCEPT Budget Methods and Evaluation 17 What is the appropriate response to a risk that is coded yellow? • Take action to prevent the risk from impeding the project. • Accept the fact the risk may occur. • Monitor closely to reevaluate the probability of occurrence. • Do nothing so as to not exacerbate the risk. CONCEPT Classifying and Recording Risks Which of the following describes the Comparison method of budgeting? • Sets a cost for each project activity • Provides a short cut for developing the budget • Does not include overhead costs • Does not include variations or changes in the budget CONCEPT Budget Methods and Evaluation Kyle is considering the costs to clean up the local beach after an oil spill. Which of the following statements is true about the budgeting process for the beach cleanup project? • All cleanup tools will be paid for directly by the budget. • The scope document is not referred to during the budgeting process. • Vendor expenses for removing the waste must be in the budget. • Budgeting for effort includes the cost for all cleanup equipment. CONCEPT Project Budgeting What of the following information is NOT included in the risk register for a project? • Impact to project budget • Date risk recorded • Classification of risk • Description of risk CONCEPT Classifying and Recording Risks Which statement describes the effort Joel used when he painted a room in his house? • Joel hung the pictures after the paint dried. • Joel waited to paint the room until the spackling was done. • Joel allowed one week to purchase the paint, prep the room, and paint the room. • Joel painted the room in three hours. CONCEPT Project Schedule Which of the following correctly describes the purpose of a project dashboard? • Identify dependencies • Identify risks • Provide status updates • Sequence activities CONCEPT Status Reporting Plan [Show More]

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