BUS 517/BUS 517 FINAL EXAM PART III (25/25) A++++ - 91958

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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
Solution Description

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 s

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Bus517_Final_Exam_Part_3.docx
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