MGMT 404 MGMT404 Week 4 Midterm Exam with Answers (DeVry)

MGMT 404 MGMT404 Week 4 Midterm (DeVry)

Question 1.1. (TCO 1) Which document is created during the initiation phase of a project? (Points : 5)

Question 2.2. (TCO 1) Which document on a project authorizes the project manager to begin work on the project? (Points : 5)

Question 3.3. (TCO 2) Project deliverables are created in the _____ , which is completed during the _____ phase of a project. (Points : 5)

Question 4.4. (TCO 2) Which statement is an example of a project constraint? (Points : 5)

Question 5.5. (TCO 3) The critical path in a project describes which of the following? (Points : 5)

Question 6.6. (TCO 3) Hammock activities are used to do which of the following? (Points : 5)

Question 7.7. (TCO 5) In which process of risk management are proactive and reactive strategies considered? (Points : 5)

Question 8.8. (TCO 5) A risk matrix is used to _____.  A risk register is a _____. (Points : 5

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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 a project manager at a bike shop. You just received a shipment of new bikes that need to be assembled. For each bike, the frame needs to be set, which includes the bike frame, handle bars, and the seat. The wheels need to be mounted. The braking system needs to be installed. Before a bike can be sold, it needs to be tested by the quality team and road tested. You have assembled your team of experts and they are anxious to get started.

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 crashing and fast tracking as a 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)