PROJ586 Final Exam Complete Solution v1 Complete Solution

Question: #9261

PROJ586 Final Exam v.1 A++ Graded 1. (TCO A) The most common types of organization structures are _____. functional, autonomous project, and matrix functional, progressive, and matrix framework, autonomous project, and matrix functional, autonomous project, and management 2. (TCO H) This first phase of the project life cycle involves the _____. identification of a need, problem, or opportunity contract negotiations brainstorming of solutions identification of tasks to be performed 3. (TCO B) The lowest level item of any one branch of the WBS is called a(n) _____. object item task statement work package activity node 4. (TCO D) All of the following are risk response types except _____. acceptance transference an opportunity avoidance 5. (TCO F) The two most common types of project reports are _____. progress reports and the contract report weekly and monthly progress reports and the final report update-only reports and status 6. (TCO C) The _____ time is the latest time by which a particular activity must be finished in order for the entire project to be completed by its required completion time. earliest start earliest finish latest start latest finish 7. (TCO G) Which of the following is not a criterion for selecting project management software? Information overload Capacity Ease of use Installation requirements 8. (TCO A) Which of the following is not an example of a project? Starting up a restaurant Creating a website for a company Raising money for a disaster-relief trip Emptying the recycling everyday 9. (TCO C) Why are activities drawn in a serial relationship on a network diagram? The activities use different resources. The activities are independent of each other. From a technical standpoint, the activities must be performed in that sequence. The order of completion doesn’t matter. 10. (TCO F) The budget for each work package is _____. charged completely on the first day of the work package charged at the end of the project distributed over the duration of the work package charged completely on the last day of the work package 11. (TCO F) The _____ is the amount that was budgeted to accomplish the work scheduled to be performed up to that point in time. total budgeted cost (TBC) cumulative actual cost (CAC) cumulative budgeted cost (CBC) cumulative earned value (CEV) 12. (TCO C) Calculate the earliest start for Task D if one of its predecessors, Task A, finishes on day 3, its other predecessor, Task C, finishes on day 4, and the duration of Task D is 2 days. Day 6 Day 3 Day 4 This cannot be calculated based upon the information given. 13. (TCO B) Describe what each of the following means in project planning: what, how, who, how long, and how much. 14. (TCO E) Part 1: What are some common barriers to team effectiveness? Part 2: Describe an example of a team project that would include barriers to success. 15. (TCO C) A project to remodel an office area has the following activities. (Hint: You will need to build an AIB diagram, perform a forward pass, and perform a backward pass to answer this question.) Activity Duration Predecessors A 2 months --- B 4 months --- C 4 months --- D 1 month A E 5 months B F 2 months B, C G 1 month C H 3 months E, F, G I 2 months D, E J 2 months G, H a) What are the critical path activities? b) What is the project's scheduled completion time? c) What is the slack or float for Activity A? Show your calculations. d) What is the slack or float for Activity E? Show your calculations. e) What is the slack or float for Activity F? Show your calculations. f) What is the slack or float for Activity G? Show your calculations. 16. (TCO A) Part 1: Compare and contrast the responsibilities of a functional manager and a project manager in a pure project-type organization. Part 2: A company builds state-of-the-art barges for riverboat companies. Which organization structure is the most suitable? Why? Part 3: An organization builds custom greenhouses for desert-climate cities. Which organization structure is the most suitable? Why? 17. (TCO D) A firm stores data for other organizations. The company stores data across many states, providing backup data storage for state, municipal governments, and large corporations. The firm is deploying a new set of storage devices that are faster, denser, and more energy efficient. Part 1: List and discuss the major risk-management functions from a project-management perspective for the new data storage project. Part 2: Describe a risk event, the related consequences, and the risk response plan for the new data storage project. 18. (TCO F) Analyze and compare the performance of the following two projects in terms of cost, schedule, and efficiency. Make sure to show your calculations and analyze and explain the results. (Note: Providing just numbers will receive only partial credit.) Project A: The budgeted cost of work performed is $92,000, and the actual cost of work performed is $175,000. The budgeted cost of work scheduled is $173,000. Project B: The budgeted cost of work performed is $68,000, and the actual cost of work performed is $69,000. The budgeted cost of work scheduled is $71,000. 19. (TCO B) An environmental consulting firm has been hired to clean up contaminated ground water beneath the site of a former chemical factory. The cleanup design process consists of evaluating several alternatives; preparing a conceptual design for the most appropriate alternative; evaluating the conceptual design by performing a small-scale pilot test on site; and, based on the results of the pilot test, preparing a final design. Installation of the cleanup system will be performed by subcontractors under the supervision of the consultant. Prior to installation, the consultant will work on setting up the subcontracts by preparing specifications, prequalifying installation contractors, reviewing all bids, and executing the contracts. The installation will consist of the following phases: recovery wells, piping, treatment equipment, and start up. The consultant will also be responsible for system-performance monitoring, which consists of sampling the groundwater, monitoring wells on a quarterly basis, and sampling the groundwater treatment-system discharge. Prepare a work breakdown structure (WBS) for this project with activities corresponding to a two-level task and subtask hierarchy. Number the WBS codes so that the level of each activity is clearly identified. Do not worry about indentation. 20. (TCO B) You are a project manager for a new hardware software project. You just received the project charter and established your scope statement. Within the scope statement, you defined some of the key components to meet the overall project objective. Establishing requirements is critical to define and get approved. The hardware will be new for your company, so you will need to ensure that the vendor is selected and that the hardware is appropriately installed into your environment. The supporting software will need to be designed and coded. It will also need to be installed and tested on the system. To ensure that the users know how to use the new software, training will be needed for managers and associates. You have assembled your team of experts, and they are anxious to get started. a) To ensure you have a clear scope for your team, create a 2-level WBS. Don’t forget to include your WBS numbering. b) In your WBS, how many work packages have been created?

Solution: #9298

PROJ586 Final Exam Complete Solution

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