Week 4 : Project Risk Management – Quiz
Question 1.1. (TCO 1) Which step of the project life cycle
creates the project charter? (Points : 5)
Initiation
Planning
Monitoring and
control
Close out
Question 2.2. (TCO 1) Which document on a project authorizes
the project manager to begin work on the project? (Points : 5)
The scope
The schedule
The charter
The risk
management plan
Question 3.3. (TCO 2) Project deliverables are created in
the _____ , which is completed during the _____ phase of a project. (Points :
5)
charter;
execution
scope;
planning
schedule;
planning
charter;
planning
Question 4.4. (TCO 2) Which statement is an example of a
project constraint? (Points : 5)
“If the parts
arrive late, we will not finish on time.”
“We must get
permits before we start work.”
“I believe the
contracts will be signed by the 15th.”
“The paving of
the parking lot is a major piece of work for this project.”
Question 5.5. (TCO 3) The amount of time an activity can be
delayed without impacting the end date of the project is known as what? (Points
: 5)
Project risk
Slack
Critical path
Early start
Question 6.6. (TCO 3) What values are calculated on the
backward pass of a project network? (Points : 5)
Early start;
late start
Early start;
early finish
Late start;
late finish
Early finish;
late finish
Question 7.7. (TCO 5) In which process of risk management
are proactive and reactive strategies considered? (Points : 5)
Plan risk
management
Plan risk
responses
Control risks
Qualitative
risk analysis
Question 8.8. (TCO 5) Contingency plans are created (Points
: 5)
to proactively
address the risk.
to respond to
the risk should the risk occur.
to gather
information on vital risks.
to avoid red
risks in the project plan .
Week 4 : Project Risk Management – Quiz
Question 1.1. (TCO 1) Before one can begin writing a
charter, one must consider the most appropriate organization for the project.
You are the project manager for an organization that builds doors and windows
for homes. Which organization structure of the five types is most suitable?
Why? (Points : 20)
Question 2.2. (TCO 2) You are reaching the end of your
graduate school program and are planning a large party to celebrate your
success! You have rented out the local forest preserve as the venue for your
party. Applying your project management skills, you want to ensure you have
everything planned out and you’ve asked your family and friends to be a part of
your team to hold this party. At your party, you have made it clear to your
team what you want to have delivered. After all, it’s your party— you can have
whatever you want! Some of the key items you want at your party include
•?????????graduation announcements;
•?????????party invitations;
•?????????live entertainment;
•?????????games (for adults and for
children);
•?????????food;
•?????????beverages; and
•?????????convenience for all (parking,
restroom facilities, etc.).
Part 1: To ensure you have a clear scope for your team,
create a 2-level WBS. Don’t forget to include your WBS numbering (15 points).
Part 2: In your WBS, how many work packages have been
created? (5 points) (Points : 20)
Question 3.3. (TCO 3) Compare and contrast fast tracking and
scope reduction as means of schedule compression. (Points : 20)
Question 4.4. (TCO 5) 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. (15
points)
Part 2: Describe a positive and a negative risk event, the
related consequences, and the risk response plan for each of the two risks for
the new data storage project. (5 points) (Points : 20)
Question 5.5. (TCO 9) Compare and contrast the development
of a WBS in traditional project management versus development in an agile
environment. (Points : 20)
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