Where would you most likely find an advertisement for the job of CEO of Lowe’s?
January 18, 2018
Identifying, assessing, and managing the risks and day-to-day changes that occur during a project best defines which of the following project manager activities?
January 18, 2018

Which step of the project life cycle creates the project charter?

MGMT 404 Midterm Exam 100% Correct Answers

Multiple Choice
(TCO 1) Which step of the project life cycle creates the project charter?
Initiation
Planning
Monitoring and control
Close out
(TCO 1) Which document is created during the initiation phase of a project?
The scope
The project schedule
The project charter
The project communication plan
(TCO 1) A project is defined as a(n) _____ endeavor undertaken to create a(n) _____ product, service, or result.
challenging; new
temporary; unique
new; challenging
ongoing; unique
(TCO 1) Projects have specific attributes. Which of the following is not an attribute of a project?
It is an ongoing endeavor.
It has a defined objective.
It requires resources.
It has a defined start and stop.
(TCO 1) The purpose of a project charter is to
define the project.
allow for the creation of a WBS.
authorize the project.
define detailed project risks.
(TCO 1) Which document on a project authorizes the project manager to begin work on the project?
The scope
The schedule
The charter
The risk management plan
(TCO 2) Which step of the project life cycle defines the project scope?
Initiation
Planning
Execution
Close out
(TCO 2) Which step of the project life cycle defines all of the project deliverables?
Close out
Planning
Monitoring and control
Initiation
(TCO 2) Project deliverables are created in the _____ , which is completed during the _____ phase of a project.
charter; execution
scope; planning
schedule; planning
charter; planning
(TCO 2) Which statement is an example of a project constraint?
“If the parts arrive late, we will not finish on time.”
“We must get permits before we start work.”
“I believe the contracts will be signed by the 15th.”
“The paving of the parking lot is a major piece of work for this project.”
(TCO 2) Which statement is an example of a project assumption?
“If the parts arrive late, we will not finish on time.”
“We must get permits before we start work.”
“I believe the contracts will be signed by the 15th.”
“The paving of the parking lot will be completed within this project.”
(TCO 2) Which statement is an example of a project deliverable?
“If the parts arrive late, we will not finish on time.”
“We must get permits before we start work.”
“I believe the contracts will be signed by the 15th.”
“The paving of the parking is lot is major piece of work for this project.”
(TCO 3) The critical path in a project describes which of the following?
The path containing the most important pieces of work
The longest path in a project
The activities with the highest risk
The activities with the highest cost to the project
(TCO 3) The amount of time an activity can be delayed without impacting the end date of the project is known as what?
Project risk
Slack
Critical path
Early start
(TCO 3) The longest continuous path of activities from beginning to end on a project describes the
deliverables.
slack.
critical path.
work packages.
(TCO 3) Hammock activities are used to do which of the following?
Ensure critical path work is done on time.
Capture lessons learned on two or more activities.
Summarize duration and cost information on related activities.
Provide information on project slack.
(TCO 3) What values are calculated on the forward pass of a project network?
Early start; late start
Early start; early finish
Late start; late finish
Early finish; late finish
(TCO 3) What values are calculated on the backward pass of a project network?
Early start; late start
Early start; early finish
Late start; late finish
Early finish; late finish
(TCO 5) In which process of risk management is the risk register initially created?
Plan risk management
Identify risks
Control risks
Qualitative risk analysis
(TCO 5) In which process of risk management are risks prioritized or ranked?
Plan risk management
Identify risks
Control risks
Qualitative risk analysis
Collapse Question MC 7. (TCO 5) In which process of risk management are proactive and reactive strategies considered?
Plan risk management
Plan risk responses
Control risks
Qualitative risk analysis
Collapse Question MC 8. (TCO 5) A risk matrix is used to _____. A risk register is a _____.
prioritize risks; list of risks
identify risks; way to categorize risks
create risk strategies; way to monitor negative risks
simulate project risks; way to categorize risks
Collapse Question MC 8. (TCO 5) Contingency plans are created
to proactively address the risk.
to respond to the risk should the risk occur.
to gather information on vital risks.
to avoid red risks in the project plan .
Collapse Question MC 8. (TCO 5) A risk matrix is used in _____ to _____. A risk register is a _____.
qualitative risk analysis; prioritize risks; list of risks
quantitative risk analysis; identify risks; way to categorize risks
qualitative risk analysis; create risk strategies; way to monitor negative risks
risk identification; simulate project risks; way to categorize risks

 

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