Unit 14 Quiz_ PMGT 510-50- A-2021_Fall - Principles of Project Management

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1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 1/11 Unit 14 Quiz Due Dec 10, 2021 at 11:59pm Points 35 Questions 21 Available Nov 20, 2021 at 12am - Dec 10, 2021 at 11:59pm 21 days Time Limit 120 Minutes Instructions This quiz was locked Dec 10, 2021 at 11:59pm. Attempt History Attempt Time Score LATEST Attempt 1 35 minutes 35 out of 35 Score for this quiz: 35 out of 35 Submitted Dec 7, 2021 at 10:24pm This attempt took 35 minutes. The purpose of the quiz is to check your knowledge on key terms, concepts and reading assignments. There are 21 questions (10 true/false; 10 multiple choice; 1 short answer) . Your instructor will grade the short answer question within a few days after the quiz due date. Each quiz is worth 35 points (T/F - 1 point each; multiple choice - 2 points/each; short answer - 5 points). Quizzes are 10% of your final grade calculation. You will have one attempt and 2 hours to complete the quiz. This is plenty of time to complete the quiz without time pressure. 5 / 5 pts Question 1
1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 2/11 Your Answer: What is "validate scope" and why is it important to the project? Validate scope means to officially accept the completed deliverables from the project. this helps in verifying each deliverable as per the regulations and quality requirements. This marks formally completing the project execution and stepping into the project closure. This improves the unbiasedness of the project and ensures that everything is as per the standards and requirements of the clients. Project scope is an important stage within the planning stage in determining and documenting the specific goals, budget, milestones, deadlines, acceptance criteria, etc. A change in the deliverables can impact the overall project which leads to discrepancies in the budget and costs. A scope clearly states what should and shouldn't be included in the project to avoid scope creep, this is to avoid the misuse of resources and time. scope creep may lead to delay in the project completion which might have drastic effects on company and project team reputation. This also helps to verify all the aspects of the project and verify the completion in each stage. Any aspects that were missed were listed and steps are taken to ensure completeness prior to project completion. 2 / 2 pts Question 2 The process of formalizing acceptance of the completed project deliverables is known as: validate scope Correct! Correct! Correct system turnover.
1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 3/11 product acceptance. control scope 2 / 2 pts Question 3 All of the following practices have proven effective for managing lessons learned in an organization EXCEPT: assignment of a lessons learned database "owner" who reviews new lessons and incorporates into existing lessons. documenting all lessons learned only at the end of the project. Correct! Correct! Correct creation of databases, shared folders or wikis that all workers can easily access. coding of lessons learned to facilitate searches by future teams. 2 / 2 pts Question 4 Closure of a project generally entails all of the following activities EXCEPT: ensuring all resources have been reassigned
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1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 4/11 updating the project management plan Correct! Correct! Correct ensuring all work has been accomplished ensuring all documentation is complete 2 / 2 pts Question 5 WBS Element Planned Value (PV) Earned Value (EV) Actual Cost (AC) 2.01 Airframe 48000 48000 50000 2.02 Engines 22000 21000 23000 2.03 Avionics 80000 60000 45000 2.04 Communications 30000 30000 30000 2.05 Tech. Manuals 42000 42000 48000 2.06 Spares 40000 35000 42000 2.07 Training 80000 80000 86000 Project Total 342000 316000 324000 Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX)
1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 5/11 Consider the project performance report presented in figure 14.1. Your analyst has determined that your estimate to complete (ETC) is $226,000. Based on your performance to date and assuming future performance will proceed at the same level of efficiency as past performance, what is your estimate at completion (EAC)? $550,000 Correct! Correct! Correct $568,000 It can not be determined from the information provided. $542,000 2 / 2 pts Question 6 Which of the following reasons might lead to an early contract termination for convenience? The seller faces unexpected difficulties. The seller needs change. The buyer and seller negotiate a settlement The buyer faces changing priorities. Correct! Correct! Correct
1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 6/11 2 / 2 pts Question 7 Quality control activities generally include all of the following EXCEPT: Deliverable peer reviews Inspection Management by objectives Correct! Correct! Correct Testing 2 / 2 pts Question 8 Change control is a process wherein change proposals to various project planning elements are: uniformly approved, documented and sent to the team for re-baselining and implementation. documented and sent to the team, where the proposed changes will be voted on. uniformly denied, but documented for lessons learned. acknowledged, formally documented, and either approved or declined after review. Correct! Correct!
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1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 7/11 Correct 2 / 2 pts Question 9 All of the following reasons might lead to a contract termination for default EXCEPT: problems associated with the project schedule a loss of confidence in the contractor performing the project problems associated with the project cost changing customer priorities Correct! Correct! Correct 2 / 2 pts Question 10 A project team attempting to close a project should review all of the following documents to ensure that everything promised was delivered EXCEPT: the project schedule the work breakdown structure the stakeholder register Correct! Correct! Correct the project charter
1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 8/11 2 / 2 pts Question 11 Which of the following measures is best suited for determining whether the project is on, ahead or behind schedule? Schedule Compliance (SC) Estimate to Complete (ETC) Schedule Variance (SV) Correct! Correct! Correct To Complete Performance Index (TCPI) 1 / 1 pts Question 12 More organizations effectively collect lessons learned than effectively disseminate and use them. True Correct! Correct! False 1 / 1 pts Question 13
1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 9/11 In order to determine that a project is progressing adequately, a project manager could use a balanced scorecard approach to evaluate the organization along supplier, external business, risk and human resource perspectives. True False Correct! Correct! 1 / 1 pts Question 14 In a control chart, a point that occurs above the upper control limit typically means that some sort of special cause is creating the variation and requires a specific intervention. True Correct! Correct! False 1 / 1 pts Question 15 For risk events outside project control, resolution strategies include working with clients to reprioritize cost, schedule, scope or quality and carefully escalate problems. True False Correct! Correct! 1 / 1 pts Question 16
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1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 10/11 When a project is no longer needed or viable, the project manager, as primary advocate for the project, should recommend early termination. True Correct! Correct! False 1 / 1 pts Question 17 Helping good workers to secure good follow-on work is one of the most important things a project manager must do near the end of the project. True Correct! Correct! False 1 / 1 pts Question 18 When project managers authorize work, they should empower others to the extent possible, yet control them to the extent necessary. True Correct! Correct! False 1 / 1 pts Question 19
1/4/22, 8:19 PM Unit 14 Quiz: PMGT 510-50- A-2021/Fall - Principles of Project Management https://harrisburgu.instructure.com/courses/7256/quizzes/25293?module_item_id=465301 11/11 Two types of control are used extensively on projects and both compare actual performance against the plan: steering control and go/no go control. True Correct! Correct! False 1 / 1 pts Question 20 Lessons learned can include significant project successes. True Correct! Correct! False 1 / 1 pts Question 21 Sometimes a project is terminated before its normal completion. True Correct! Correct! False Quiz Score: 35 out of 35