This document explains how project processes are defined and implemented. Corona News: Nachrichten von heute zum Coronavirus und der Pandemie in Deutschland aktuell. What project management responsibility does this represent? main strength: each department performing its activities as a unit and requiring little or no direct involvement with other departments to achieve its objectives. 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________. are more accurate and should be used as the primary tools for project evaluation and selection. Are there numerous activities to be assimilated? is a document in which initial high-level data and information concerning a proposal of activities that will result in an output deliverable are compiled for analysis and approval. Estimate of total cost to complete activity. A unique endeavor designed for a specific purpose to accomplish a single objective. The new requirements imposed by management, government or some external influence. The process of determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends and projecting the need for new products and services. \text{Activity Cost Pool (Activity Measure)} & \text{Total Cost} & \text{Total Activity}\\ In other cases, work activity might include several people performing work that involves materials, equipment, use of facilities, procurements, and possibly subcontractors that all have to be organized and managed within that specific work package. 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. Some of the questions include: Are the tasks complicated? $0 $19.99. $$. B) opportunity cost 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. Which cash flow technique was used to determine this? Roles of project manager are answer choices Create a project team and organization where none existed before Must decide what and how things should be done instead of simply managing set processes Must meet the challenges of each phase of the project life cycle, and even oversee the dissolution of their operation when the project is completed A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals. C) period cost After the project manager determines what general categories of human resource involvement are necessary, it is time to evaluate the actual individuals identified in the WBS and develop a tool to organize human resource information, categorize, and then assign general roles and responsibilities. 0% What is the purpose of identifying milestones? Have a specific objective. Why is this approach important in today's environment? ___ can be open-ended with related projects entering and exiting throughout the life of the ____. Many organizations find duplicate or unneeded projects after they perform which step in project portfolio management? The bubble diagram evaluation is also a non-numerical way to grade or "classify" projects based on criteria but in a different graphical form. Multinational Manufacturing Company. Managing a project typically includes: answer choices are hard requirements of the work package activity and cannot be reversed. This is all required specifications defining a deliverable. Which project management responsibility does this represent? Take this project cost management principles quiz today in order to test your knowledge and find out how well you know these basic concepts and theories. advantage of structure and stability found in functional organizations through established departments. The technical and sociocultural dimensions of project management are two sides to the same coin. The _______ is created during the charter process. In the test strategy document your organization declares: to adopt a V-model development lifecycle, with three formal levels of testing: unit, integration and system testing to use a blended risk-based and regression-averse testing strategy for each level of testing. Die Zahlen des RKI zu Corona im News-Blog. Describe the purchasing behaviors that are likely to characterize Worley's least profitable customers. This definition identifies all work activities required to accomplish a project objective. Authority to utilize the organization's financial resources is typically dictated by the organization's executive management and/or the accounting department. You should practice answering each question under 60 seconds. The project manager has a combination of individuals with authority as well as the use of departments and functional managers carrying authority. 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 customer in this scenario would ask a specific organization to give price and availability of the product or service, including the modifications; this is called a ____. Authorization to perform work activity can fall within the tasks of any responsible person overseeing a work activity. $1. Escalate . Ex. A labeling convention needs to be established to display information for each activity on the network. 4. Answer: B "Project is a time-limited endeavor undertaken to create a unique product, service, or result." What is a Project Triple Constraint? ____ typically have a combination of routinely produced deliverables as well as unique and specialized projects. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project Where does the information come from? People involved in or affected by project activities. Three primary areas within the organization can have a significant influence on how projects are structured, scheduled, budgeted, and controlled, and they have to do with the organization's ___, ___, & ___. Determine the amounts payable by the following customers. In this phase, activities include review of the project objective, customer specifications, and determination of initial stakeholders. 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. _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. <p>Dear All, </p> <p>I created a test project to test adding columns in a DataListView, not ListView. 1. (A) What is the discount? 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. Questions and Answers 1. What is the impact of governance to managing an individual project? \text{ } & \text{Activity}\\ Project management maturity of the organization 2. (a) If you did not already do so, request a table of standardized residuals. Greetings!! Depending on the information and communication structure of a project, some change requests may be informally introduced; because they are not controlled, they result in extra work activity that may or may not be approved. B. Project Management The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Or the activities have no direct connection to activities for the project deliverable but are required in the overall project objective. 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. A compilation of completed work activities to form a final product identified by the customer as accomplishing a project objective. Ex. Currently the application is able to support a proper number of users assuring the required responsiveness. It is possible to have more than one critical path. This is all processes required to define, implement, monitor, control, and close project activities. The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. the ___ is typically the output of this phase and, if approved, marks the official beginning of the project. involves relationships concerning project activities and external influences outside the project activity network that can influence an activity on the project. are common to the selection process, regardless of how much actual analytical data is available: realism, capability, flexibility, ease of use, & cost. the ___ is responsible for the following tasks: Overseeing the completion of each task Assessing potential risks and engaging in control activities that keep costs and expenditures on budget and completion on schedule Managing resource schedules to complete specified activities, the ___ generally is responsible for Selecting projects and activities to support the program objective Managing project managers Overseeing scheduling of resources and cash flow required for all projects and activities within the program Ensuring ongoing commitments of the program are met. Defining activities results in an enormous amount of information and details that need to be captured and organized to effectively create a project schedule; this task is accomplished through a ________. 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. The main traits of a project: A. SWOT analysis (external and internal) 3. formulate strategies 4. implement strategies 5. evaluate results. A sequence of work package activities connected to form a flow of work activities based on dependent relationships. ROUTINE MAINTENANCE. </p> <pre><code>using System; using System.Data; using System.Data.OleDb; using System.Windows.Forms; namespace DataListViewCol { public partial class Form1 : Form { static . What are some of the key environmental forces that have changed the way projects are managed? 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 ____. $0 $29.99. Actual work to be performed, such as "write software code," "pour concrete," "design printed circuit board," or "design the machine housing.". Depending on the complexity of the project, special financial analysis may be required for cash flow, multiyear net present value calculations, budget at completion analysis, specialized risk analysis, and payback or return on investment calculations. -Consists of the formal, disciplined, purely logical parts of the process. Q7. Please note that the five phases of a project (also called "The Project Life Cycle") are: (1) project initiation, (2) project planning, (3) project execution, (4) project monitoring, and (5) project closing. Project managers play a key . 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 Questions and Answers. f(x)=\frac{11x}{x-5} having a means of measurement and initiating adjustments in the course of an activity to address unwanted changes to cost, schedule, quality, or risk elements that have influenced the activity. Within the _____ plan, processes need to be established to manage how to define, validate, and control scope. 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. A brief description of activity to be performed. Samsung. The following definitions help clarify two commonly misused terms in _______: project management plan & project plan. Number of projects in cue. Your project has expected cash inflows of $1.2 million in year 1, $2.4 million in year 2, and $4.6 million in year 3. All predecessor activities (A, B, C) have to be completed before the merge activity (D) can begin. The code is as follows. I press the small triangle of the right upper to edit a column. The process of determining whether an organization requires a formal project management process is usually accompanied by a set of questions. The following example illustrates how a _______ process is conducted. Work cannot begin on the successor activities until all work on the burst activity has been completed. After the network diagram is complete and the project has begun, information about each activity needs to be updated and may result in changes to activity relationships, durations, activity float/ slack, and the critical path, which can result in updates to the overall duration of the project. Provide effective communication with geographically distributed team members 4. The primary tool used in graphically illustrating a PDM network of project activities is the _______. 5x^{2} + 16x + 3 A person who provides leadership and direction for the project managers heading the projects within the program. Project Management\ Project Management\ Flashcard Maker: Christopher Sokol 638 Cards - 19 Decks - 1 Learner Sample Decks: 1 - Project Management Fundamental Terms, 2 - Project Management Environments, 3 - Project Manager Role Show Class Project Management Professional (PMP) Project Management Professional (PMP) Flashcard Maker: Younes Boukhaffa Activities that must be completed before the next dependent activities connected in the network can begin. A relationship wherein a successor activity cannot start until a predecessor activity has finished. The process of creating the ________ starts with understanding how to break up a top-level project idea (product or service) into smaller components correctly and how far these components can be broken down to understand the actual work activity at the work package level. Processes can include defining scope, schedule, cost, quality, human resources, communications, risk, procurements, and stakeholder management. ________ include all detailed information defining specific requirements to project deliverables. is an activity that has to be completed before the next logical activity in the network can be started. SENIOR PROJECT MANAGER. 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. The model should take into account the overall strategic alignment of a potential project so as to ensure the benefits of the completed project built on the business strategy. If yes, then how many pieces and what are they labeled? The conceptual phase marks the initial efforts taken at the beginning of a project. Process or product improvements for the organization. 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. This process starts at the end of the network diagram and moves backward through all paths to the beginning of the network diagram. A technique that provides a systematic process for basing project selection on numerous criteria. 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 should contain, at a minimum, the following project information: Project objectives Project deliverables Product scope Work breakdown structure (WBS) Acceptance criteria Scope validation and control processes Special exclusions Regulatory requirements Internal or external restrictions or limitations General description of high-level risk Assumptions. 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. What is the most significant characteristic or attribute of an effective project manager? Connections between activities use arrows to identify predecessor and successor relationships. 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. The project manager learns there is a delay of a key shipment of parts. Several patients were also referred or deemed ineligible for antimicrobial treatment (3.7%) following consultation. Project Management Quiz - 30 Questions with Answers Project Management Quiz Project Management Questions and Answers: Ques. The rate used in discounting future cash flows. 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. Sample Papers. _____ is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Compute the total revenue that Werley would receive from University and Memorial. Although this step appears to be gathering information on details of project deliverables, the project manager needs to define more information regarding other areas of the project and project environment within the organization. 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.
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