FInal Exam SCMA 350

The organization’s leadership should establish the strategic objectives to set the stage for the strategic analysis.
False
Project selection scoring models are very useful in providing performance data that can be used to
terminate a project.
False
The project scope refers to the features and functions that characterize a product, service or result
False
The signing of the project portfolio statement signals the transition from the high-level project initiating stage into the more detailed project planning stage.
False
The length of time to perform an activity is often dependent upon who will dependent upon who will do the work.
True
Plan Risk Responses focuses on developing options and actions for every identified and
False
The primary output of risk identification Matrix(RIM).
False
W. Edwards Deming argued that managers must understand cause and effect relationships to predict future behavior.
True
Typically, a steering team or leadership team is responsible for all of the following project related roles EXCEPT:
providing rigid policies, procedures, standards and guidelines
Which of the following statements regarding project life cycles is most accurate?
The control needs of an organization determine the name and number of phases in the project life cycle that it adopts.
There are several tasks that a project customer (or sponsor acting in that capacity) can do to enhance the probability of success. Which of the following are generally performed independent of the project contractor who will perform the work?
Prioritize the project need
All of the following represent appropriate sources to identify new potential projects EXCEPT
Lessons learned from previous projects.
There are several tasks that a project customer (or sponsor acting in that capacity) can do to enhance the probability of success. Which of the following are generally performed independent of the project contractor who will perform the work?
Prioritze the project need.
All of the following represent appropriate sources to identify new potential projects EXCEPT:
lessons learned from previous projects
All of the following items describe the project sponsor’s responsibilities for the project EXCEPT
selects a manageable set of projects to be implemented
Which of the following is a disadvantage associated with managing projects in a projectized organization?
Team members assigned to a project are often underutilized.
Which of the following executive roles is responsible for overall priority setting, project selection and sponsor selection, as well as general guidance and encouragement?
Steering Team
Subject matter experts often perform specific project activities when necessary. Which of the following
statements accurately describes the role of subject matter experts in support of a project?
The subject matter experts may not relate strongly with a project due to the temporary nature of their involvement.
Within the project charter, the scope overview accomplishes all of the following EXCEPT:
documents the operating principles for the team
All of the following conventions are widely adopted when project teams create the second level of the project Work Breakdown Structure (WBS) EXCEPT:
The second level may be organized by activities and tasks
Consider the network scheduling data presented above. How many days of slack are associated with activity F?
80
Formally documented procedures that define how project deliverables and documentation will be controlled, changed and approved are collectively known by which of the following terms?
A change control system
Consider the network scheduling data provided above. Which activities constitute the critical path for this project network?
A-B-E-G-I
The project communications matrix lists important “who,” “what” and “when” items that must be considered in planning for project communications. All of the following “who” items are typically included in the project communications matrix EXCEPT:
Who take the minutes at the next status meeting
Consider the System Integration Project depicted above. Based on the information provided, which activities can be delayed one day without impacting the expected project completion date?
Activity C – Purchase Software and Activity D – Prepare Test Plan
All of the following methods have proven to be useful techniques to help project teams identify the risks that might impact the project EXCEPT:
deriving lessons learned
All of the following describe an appropriate application of Plan Risk Responses in project management
EXCEPT:
Responses should be created for every identified project risk
Fact-based management includes four key ideas. Which of the following is among the key ideas associated with fact-based management?
the need to understand variation
Which of the following quantitative risk analysis techniques relies upon the calculation of net present
value to determine if a project should be pursued or abandoned?
Financial Engineering
Which of the following describes the appropriate use of a cause and effect diagram to support project risk analysis?
It is often easier to alter the effect by changing the underlying cause.
Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?
adopt a prototype to learn more about a candidate solution
The components (principles) of Critical Chain Project Management include which of the following?
Avoid multi-tasking