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DeVry MGMT 404 Week 7 Quiz-Latest 2017 November (All Correct Answers)
Question Question 1 5 / 5 pts (TCO 4) An example of parametric estimating would be: If it cost two dollars today to buy a server, then it will cost three dollars tomorrow to buy the same server. Senior management has said this project will cost $10,000. The consulting company doing the work estimates the work to cost $40,000. A 100-square foot building costs $1100; therefore, a 1000-square foot building should cost $11000. Question 2 5 / 5 pts (TCO 6) You are the project manager of a major IT project in Italy. You review your earned value report and you see that your SPI is 1.18. What does this mean to you? The project is doing fine. It should be completed 18 months ahead of schedule. The project is slightly ahead of schedule. No corrections are needed. The project is slightly behind schedule. Corrections are needed. The project is very much behind schedule. Immediate corrections are needed. Question 3 5 / 5 pts (TCO 4) Which of the below is an example of an indirect cost to a project? Servers needed to complete an IT project A consultant for a construction project Cranes to support the making of a movie Administrative services serving two projects
Question 4 5 / 5 pts (TCO 7) Which of the following is an example of a formal written form of communication? Meeting notes made at a meeting with the VP of the company E-mails between an important client and yourself Contracts with a client A memo from the senior VP of the company Question 5 5 / 5 pts (TCO 8) What document provides the project manager with information concerning what department and what individual is to provide HR support to his or her project? The WBS The OBS The RAM The RBS Question 6 5 / 5 pts (TCO 8) You are the project manager of a large, virtual HR project. You want to improve the functioning of the project team. Which of the techniques below would not likely improve the effectiveness and efficiency of the project team? Keep all team members informed and communicating. Create a code of conduct for all team members. Hold face-to-face meetings whenever possible. Ensure the WBS is as accurate as possible at all times. Question 7 5 / 5 pts (TCO 9) Agile project managers make use of iterations. What are iterations also known as in agile project management? Sprints Stand-up meetings Stories Burn down charts Question 8 5 / 5 pts
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(TCO 6) To control your project, you decide to use milestone analysis. Which of the below is not a benefit of using milestone analysis to control a project? Milestones help align schedules with vendors. Milestones can be used as signals to team members. Milestones can motivate the project team. Milestones ensure the WBS is followed. Question 9 Not yet graded / 20 pts (TCO 4) Compare and contrast parametric and bottom-up estimating techniques. Question 10 Not yet graded / 20 pts (TCO 6) You are comparing two projects. Using the data below, calculate the CV, SV, SPI, and CPI. Second, use the values to provide the status of each project. All values are in dollars. Project A
Project B
EV
850
550
PV
875
575
AC
900
650
Question 11 Not yet graded / 20 pts (TCOs 4 and 6) What is the overall process of resource leveling on a project? Question 12 Not yet graded / 20 pts (TCO 8) Compare and contrast Tuckman’s five stages in group formation to the punctuated equilibrium model of group formation. Question 13 Not yet graded / 20 pts (TCO 9) Compare and contrast project control in an agile environment and in a traditional environment.
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