Project Management Series-11 November 30, 2020December 28, 2020wefru Project Management Series-11 quiz for students and teachers Competitive Exams RBB, SSC, MBA, B.Com, BBA Enterence exams Solving quiz you will prepare yourself.. 0 Created on November 29, 2020 By wefru Projects Series 11 TEST YOUR SKILLS BRODLY 1 / 9 101. During planning processes, you used Monte Carlo simulation to quantitativelyassess cost and schedule risks of your project. During risk control, you repeat thetechnique, and it leads to different results. What should not be the reason forthat? 101. During planning processes, you used Monte Carlo simulation to quantitatively assess cost and schedule risks of your project. During risk control, you repeat the technique, and it leads to different results. What should not be the reason for that? New risks may have been identified. These influence the input data used for Monte Carlo simulation in a way which was not predictable at the time when the simulation was run Some constraints have been identified originally, but their influence on the project was unclear when the simulation was run for the first time. By now, the team understands these constraints much better and has been able to adjust the simulation Some dummy activities in the network logic have an element of uncertainty, which gets bigger over time. While the project proceeds, it gets even harder to predict how the team members assigned to them will perform. 2 / 9 Q102. As a project manager you can assign any one of two team members to a highlycoveted task. Both are equally capable, but one of them is a member of your ingroup. To the other one, you have far more distance. You disclose the situation to stakeholders and solicit a joint decision You take the person not in your in-group to avoid misunderstandings. Chose the in-group person. The trustful relation will benefit the project. You delegate the decision to a third team member to avoid the conflic 3 / 9 Q103. You need a batch of 100 identical valves which will be custom made for yourproject to build a food processing plant. There is a risk of deterioration of victualsduring processing; therefore you placed requirements on the quality of the rawmaterials for the valves, which will make production very costly.Unfortunately, in order to test the valves against these requirements, you wouldhave to destroy them. And you have no experience with the vendors at all. Whatshould you do? 103 Do 0% inspection. You have to trust the selected supplier that they will use the materials according to your specification. Negotiate a contract over more than 100 items and perform acceptance sampling for the surplus of the batch on delivery Require the seller to supply the valves together with appropriate certificates from their raw materials suppliers Do 100% inspection on delivery to your premises, then order another batch of 100 valves. 4 / 9 104. Which statement is false? Progressive elaboration of project scope… …is a characteristic of projects that accompanies the concepts of temporary and unique. … means developing in steps. It not should be confused with scope creep. …signals a weak spot in the scope definition process, caused by incomplete contracts and specifications …when properly managed, integrates elaboration of project and deliverable specifications 5 / 9 Q105. You are managing an internationally dispersed project team. The members ofyour team have different cultural backgrounds and primary languages, but all areeducated and able to communicate eloquently in English. You should neverthelessbear in mind that… …there are cultural differences. You should write one code …you may have to accept that team members from one country may not be prepared to work with colleagues from certain other countries. …spoken communications can cause misunderstandings you may not find in written communications. These may be hard to identify. …certain groups will be happy to stay awake over night to join telephone and video conferences during other members’ working time. 6 / 9 Q107. When identifying the basis of the business need for a project all of the followingcan be considered except____,1 regular plant maintenance market demands technological advances legal requirements 7 / 9 Q108. Your project exceeded costs in the past caused by an underestimation ofresource costs in the cost baseline:PV: $1,200,000, EV: $1,000,000, AC: $1,200,000You expect the underestimation to influence the future as much as it did in thepast.If the value of the remaining work (BAC – EV) is at $1,000,000, what should beyour new EAC (estimate at completion)? $1,800,000 $2,000,000 $2,200,000 $2,400,00 8 / 9 Q109. What is true for the process of scope validation? Insufficient documentation is not a reason to reject deliverables, as long as in all other respects they are built according to specifications agreed upon The project team members must achieve acceptance of the deliverables. This process is coordinated and documented by the project management team. It is the project management team’s responsibility to obtain stakeholder’s formal acceptance of the completed project scope and deliverables. Formal acceptance will finally reconcile all inconsistencies among deliverables and documents that where caused by bad change control and scope creep. 9 / 9 Q110. You finished your project for a customer to implement a business softwaresolution. All deliverables have been handed over and are already in use by thecompany. There is a minor last payment to be made by the customer on contractclosure. You believe that it is now getting time to finally close the contract withthe customer and then administratively close down the project.You approached the customer this morning and found that they are reluctant tofinally close the Update all documents related to the project and the product so that they reflect the final specifications and the status of both the project and the product. Organize them in a fashion for easy access Focus on your next project and leave the customer the time to get familiar with the software. They will come back to you anyway after some weeks to terminate the contract and make the last payment. Based on the contract and all documents which are relevant for the formal relationship with the customer, write a close-out report describing what was contractually required and what was obtained Make sure that there are no active purchase orders against the contract or any other pending obligations, requests or claims from either party which need to be resolved. Then insist on formal contract closure. Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz