BUS 375 Unit 2 Milestone 2 Sophia Click below link for Answers https://www.sobtell.com/q/tutorial/default/206345-bus-375-unit-2-milestone-2-sophia https://www.sobtell.com/q/tutorial/default/206345-bus-375-unit-2-milestone-2-sophia
1 Jani is worried that the team members she assigned to advertise her company's convention lack the expertise to design creative and informative brochures. This would best be categorized as which type of risk? Schedule risk Resource risk Assumption risk Deliverable risk 2 Which example below is information that would be provided in a resource plan? The project cannot extend beyond six months Project stakeholders expect monthly status reports New software is needed to organize the project data A competitor is developing a similar product 3 Which of the examples below is considered a time and materials contract? An outside consultant agrees to produce a report for $35 per hour worked, plus $2.00 per page for his report. A construction contractor agrees to provide subcontractors to pave a parking lot for $22,000. A painting contractor agrees to paint a building for $12,000, which includes materials. A software developer agrees to produce a program for $10,000. 4 Which of the following is NOT covered during the Planning Approval meeting? List of needed resources List of individual tasks Review of project budget
List of all documented risks 5 Leon started a project to design and create a new video game for the animation studio where he develops graphics and animations for video games and movies. Which item below would be considered an overhead cost? Packaging for the video game Computers used by staff during the project Research time to develop characters and stories Animations created for the game 6 Which piece of information below is included in a resource agreement? Effort estimates Dependencies Contingencies Time estimates 7 The color yellow indicate on a project dashboard indicates which of the following? Activity is behind schedule Activity has not started Activity is complete Activity is in progress 8 In which of the following ways are activities different from tasks? Activities are minor pieces of project work. Activities provide specificity regarding the project work. Tasks are subordinate to activities. Tasks are used for sequencing the project work. 9 Which of the following budget methods provides a quick start to the budget development process?
Actual Roll-up Comparison Reserves 10 Which of the statements below is NOT true about people resources? People resources will include individuals preassigned to be part of the project team. People resources include the project manager and the project management support staff. People resources should be employees of the organization. People resources should include individuals with the expertise to accomplish each part of the project. 11 Which of the following indicates the time when a successor task can start before a predecessor task is complete? Overall time Lead time Lag time Prep time 12 What of the following information is NOT included in the risk register for a project? Date risk recorded Impact to project budget Classification of risk Description of risk 13 Which of the following is the first step in creating a WBS? Identify all activities needed for the project Verify that the work has been properly sequenced Refer to the scope to identify the deliverable Identify all tasks needed to make the work manageable
14 Which of the following is true regarding project planning? The project plan can be completed without including a communication plan. Multiple components can be worked on at the same time. Once a component is defined, it is not revisited again. The work breakdown structure is completed last. 15 Which budgeting method below identifies money that should be added to a project budget to cover cost changes for a project? Comparison Reserves Actual Roll-up 16 Which of the following individuals listed in the RACI performs the project work? Responsible Consulted Accountable Informed 17 Select the item below that is NOT described in a project schedule. People performing the project work Quality requirements for completed work Order of project work Time required to complete work 18 Which of the following is NOT included on a RACI? Detailed project tasks Actions required to manage the project High level project work
Who provides gate approval 19 There are several factors that impact a project schedule. How is the factor of time defined? The ratio of cost to speed needed to complete an activity The number of days or weeks needed to complete an activity The number of people needed to complete an activity Only the hours spent working on an activity 20 What is the appropriate response to a risk that is coded yellow? Monitor closely to reevaluate the probability of occurrence. Take action to prevent the risk from impeding the project. Do nothing so as to not exacerbate the risk. Accept the fact the risk may occur. 21 Which of the following does NOT affect a time estimate? Effort estimates Communication requirements Schedule dependencies Equipment availability 22 When developing the project budget, it is useful to refer to the project schedule. What information does the project schedule provide? Documentation of costs related to similar deliverables Effort estimates for completing deliverables A list of identified requirements for deliverables A helpful reminder of planned project outcomes 1 Leon started a project to design and create a new video game for the animation studio where he develops graphics and animations for video games and movies.
Which item below would be considered an overhead cost? Research time to develop characters and stories Packaging for the video game Animations created for the game Computers used by staff during the project 2 Which of the following is a document that provides guidance on how a project is executed and controlled to ensure successful delivery of the project goals? Risk management plan Project plan Work breakdown structure Resource plan 3 Which of the following indicates the time when a successor task can start before a predecessor task is complete? Prep time Lead time Overall time Lag time 4 Which of the following is the least accurate effort estimate? An effort estimate based on assigned resources
An effort estimate based on expertise of individual An effort estimate based on past projects An effort estimate for a new process 5 Which of the following is NOT included on a RACI? Actions required to manage the project High level project work Who provides gate approval Detailed project tasks 6 In which of the following ways are activities different from tasks? Activities are minor pieces of project work. Tasks are subordinate to activities. Activities provide specificity regarding the project work. Tasks are used for sequencing the project work. 7 Which of the following is NOT considered a people resource for a project? Project manager Vendor for the project Project sponsor
Project team 8 Which of the following is NOT covered during the Planning Approval meeting? List of needed resources Review of project budget List of all documented risks List of individual tasks 9 Budgeting for effort is similar to budgeting for equipment in which of the following ways? Both involve non-people resources. Both can involve real and overhead costs. Both include all costs for labor. Both contain estimates identified when creating the project schedule. 10 Which piece of information below is included in a resource agreement? Dependencies Effort estimates Time estimates Contingencies 11 In which of the following ways is estimating effort different from estimating time? Effort estimates focus more on the labor required to complete project work.
Effort estimates include values for the length of time for project work. Effort estimates focus more on general activities than on specific tasks. Effort estimates consider the equipment needed by people to perform tasks. 12 Which of the following individuals listed in the RACI performs the project work? Informed Responsible Consulted Accountable 13 Which of the following is true regarding the creation of a WBS? The Resource Plan is the basis for developing the WBS. The deliverables are defined in the Resource Plan. Activities must be identified before tasks. The Sticky Note method is performed solely by the project manager. 14 In which of the following ways is quality related to the development of the project schedule? Quality impacts resources more than it impacts time or effort. A high amount of quality can decrease the amount of work needed to finish a task. Changes in quality can help identify dependencies.
A high amount of quality can increase the time it takes to finish a task. 15 Which statement describes a Fixed Bid contract? The dollar amount is based on the items needed to complete a segment of project work. The dollar amount for completing a segment of project work varies. The dollar amount is based on the number of days needed to complete a segment of project work. This is a specific dollar amount for completing a segment of project work. 16 What of the following information is NOT included in the risk register for a project? Date risk recorded Impact to project budget Description of risk Classification of risk 17 Which of the following describes the Comparison method of budgeting? Sets a cost for each project activity Does not include overhead costs Does not include variations or changes in the budget Provides a short cut for developing the budget 18 Which of the following risks may not prove to be true?
Assumption Schedule Deliverable Resource 19 Which of the following budget methods provides a quick start to the budget development process? Reserves Actual Comparison Roll-up 20 Which of the following risks is considered bad but survivable? High probability Medium impact High impact Medium probability 21 You skipped this question and it was marked incorrect. Which of the following is key to successfully communicating the status of project work? Documenting responsibility
Informing all stakeholders Enforcing accountability Maintaining confidentiality 22 Which of the following components of a project plan is completed first? Project schedule Risk management plan Work breakdown structure Project budget