Appendix A: Answers to Study Checkpoint Exercises Flashcards
What are examples of operations?
A librarian performing her daily job responsibilities, a bookseller processing customer orders, a network administrator ensuring that the network stays up and running 24/7.
These are ongoing and repetitive efforts.
What is a project?
Taking a course in molecular biology, which has a definitive amount of effort and a unique product or result.
Projects have a beginning and an end.
What is the core difference between knowledge areas and process groups?
Knowledge areas are about knowledge of project management topics; process groups are about applying that knowledge.
Knowledge areas represent management knowledge, whereas process groups indicate when and where to apply that knowledge.
What is the probability of a quarter landing heads up on the first try?
0.5
What is the probability of both the quarter and the dime landing heads up on the first try?
0.25
What are enterprise environmental factors?
Factors about how the performing organization does its business.
Examples include culture, infrastructure, and market conditions.
What are organizational process assets?
Assets related to how the organization runs its projects.
Examples include policies, procedures, and knowledge databases.
What is the opportunity cost of Project A?
$100,000
What is the opportunity cost of Project B?
$70,000
Which project will you select based on opportunity cost?
Project B
True or False: It is the responsibility of the project manager to develop the project charter.
False
True or False: A project charter is a contract between the performing entity and the entity for which it’s being performed.
False
Which document interfaces the project with the organization’s strategy?
Project charter
What is the first process you perform in managing a project?
Develop Project Charter
What do you need before you can begin initiating your project?
Business case, project benefit plan, and necessary agreements.
What are the components of product scope?
The user can only access this website after logging in, the drug should not have more than two side effects.
These define the features and functions of the product.
What are the components of project scope?
Develop software modules to support the website, the drug must be developed within one year, the drug must be tested in-house before it goes to the Food and Drug Administration.
List enterprise environment factors that can influence the Collect Requirements process.
- Internal: Culture, infrastructure, personnel administration
- External: Marketing condition, legal restrictions
List organizational process assets that can influence the Collect Requirements process.
- Policies and procedures
- Organizational and industry standards
- Knowledge database
What is the most common logical relationship used in schedule network diagrams?
Finish to start
What is the least common logical relationship used in schedule network diagrams?
Start to finish
What are the four baselines?
- Scope baseline
- Schedule baseline
- Cost baseline
- Performance baseline
What process is used to approve or reject change requests?
Perform Integrated Change Control
What processes can generate change requests?
- Direct and Manage Project Work process
- Monitor and Control Project Work process
- Other processes in the monitor and control process group
- Directly from stakeholders