Appendix A: Answers to Study Checkpoint Exercises Flashcards

1
Q

What are examples of operations?

A

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.

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2
Q

What is a project?

A

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.

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3
Q

What is the core difference between knowledge areas and process groups?

A

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.

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4
Q

What is the probability of a quarter landing heads up on the first try?

A

0.5

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5
Q

What is the probability of both the quarter and the dime landing heads up on the first try?

A

0.25

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6
Q

What are enterprise environmental factors?

A

Factors about how the performing organization does its business.

Examples include culture, infrastructure, and market conditions.

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7
Q

What are organizational process assets?

A

Assets related to how the organization runs its projects.

Examples include policies, procedures, and knowledge databases.

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8
Q

What is the opportunity cost of Project A?

A

$100,000

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9
Q

What is the opportunity cost of Project B?

A

$70,000

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10
Q

Which project will you select based on opportunity cost?

A

Project B

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11
Q

True or False: It is the responsibility of the project manager to develop the project charter.

A

False

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12
Q

True or False: A project charter is a contract between the performing entity and the entity for which it’s being performed.

A

False

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13
Q

Which document interfaces the project with the organization’s strategy?

A

Project charter

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14
Q

What is the first process you perform in managing a project?

A

Develop Project Charter

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15
Q

What do you need before you can begin initiating your project?

A

Business case, project benefit plan, and necessary agreements.

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16
Q

What are the components of product scope?

A

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.

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17
Q

What are the components of project scope?

A

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.

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18
Q

List enterprise environment factors that can influence the Collect Requirements process.

A
  • Internal: Culture, infrastructure, personnel administration
  • External: Marketing condition, legal restrictions
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19
Q

List organizational process assets that can influence the Collect Requirements process.

A
  • Policies and procedures
  • Organizational and industry standards
  • Knowledge database
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20
Q

What is the most common logical relationship used in schedule network diagrams?

A

Finish to start

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21
Q

What is the least common logical relationship used in schedule network diagrams?

A

Start to finish

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22
Q

What are the four baselines?

A
  • Scope baseline
  • Schedule baseline
  • Cost baseline
  • Performance baseline
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23
Q

What process is used to approve or reject change requests?

A

Perform Integrated Change Control

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24
Q

What processes can generate change requests?

A
  • Direct and Manage Project Work process
  • Monitor and Control Project Work process
  • Other processes in the monitor and control process group
  • Directly from stakeholders
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25
What do we need data analysis for during the Close Project process?
To analyze documents, prepare final report, and learn lessons.
26
What is the expected estimate using the PERT technique?
15 days
27
What is the expected estimate calculated using the PERT technique when the pessimistic estimate is 20 days, optimistic is 10 days, and most-likely is 15 days?
15 days ## Footnote The formula used is t e = (nt m + t o + t p ) / (n + 2), where n is the weight of the most-likely scenario.
28
How can assumptions and constraints in the project scope statement affect the schedule?
They can affect the project schedule by imposing hard deadlines and time constraints on deliverables ## Footnote Hard deadlines may come from contracts or market windows, while time constraints may be set by stakeholders.
29
List examples of EEFs that can influence the process of schedule development.
* Communication channels * Scheduling software * Government standards * Industry standards
30
List examples of OPAs that can influence the process of schedule development.
* Organizational scheduling methodology * Project calendars * Schedule-related information from previous projects * Calendar of working and non-working days
31
What is the purpose of the lessons learned register in the control schedule process?
To record lessons learned and apply them throughout the project lifetime ## Footnote It helps in improving future project performance.
32
List some EEFs that can influence the Plan Resource Management process.
* Organizational culture and structure * Availability of team and physical resources * Locations of available resources * Market conditions
33
List some OPAs that can influence the Plan Resource Management process.
* Organizational policies and procedures * Safety and security policies * Templates for resource management planning * Lessons learned from previous projects
34
How can the assumptions log and risk register be updated as a result of the Plan Resource Management process?
Assumptions log will be updated with new assumptions regarding team and physical resources; risk register with known risks about these resources.
35
What estimation technique is used when a programmer's time is estimated at 20 hours at a rate of $50 per hour?
Parametric estimation
36
Calculate the expected cost estimate using the PERT technique when the pessimistic cost estimate is $5,000, optimistic is $3,000, and most-likely is $4,000.
$4,000 ## Footnote The formula used is C e = (nC m + C o + C p) / (n + 2).
37
Name three processes that convert work performance data into work performance measurements.
* Control Scope * Control Schedule * Control Cost
38
True or False: A project manager should oppose a stakeholder proposal that is outside the planned scope.
False ## Footnote The project manager should evaluate the change and put it through the approval process.
39
How will the stakeholder register be updated as a result of the Monitor Stakeholder Engagement process?
With any change in stakeholder information such as assessment or classification.
40
What are examples of EEFs that can influence the Identify Stakeholders process?
* Governmental and industry standards * Geographical distribution of facilities * External local culture and trends * Organizational cultures and structure
41
What are examples of OPAs that can influence the Identify Stakeholders process?
* Stakeholder register templates * Stakeholder registers from previous projects * Lessons learned from previous projects
42
How can the communication management plan be updated as a result of the Manage Communication process?
Due to changes in communication approach or strategies.
43
What needs to be updated due to changes in communication strategies?
Project stakeholder engagement plan and issues log ## Footnote Changes in communication strategies may affect how stakeholders are engaged and necessitate updates to the issues log and risk register.
44
Why do you need the project stakeholder engagement plan for performing the manage communication process?
It describes how to use stakeholder communication strategies to engage stakeholders with the project.
45
How precise is the Monte Carlo simulation program in making estimates if it gives values of 50, 51, and 52?
The program is quite precise because the values are very close to each other.
46
How accurate are the estimates from the Monte Carlo simulation if the true value is 40?
The estimates are not very accurate as they are far away from the true value.
47
Are the values generated by the program more accurate or more precise?
More precise and less accurate.
48
What are some examples of enterprise environmental factors (EEFs) that can influence the quality management process?
* Organizational structure * Government agencies’ regulations * Rules, guidelines, and standards of the project’s application area * Geographical distribution of facilities and resources * Inside and outside culture * Market conditions * Working and operational conditions of project and its deliverables
49
What organizational process assets (OPAs) can influence the quality management process?
* Organizational quality management system * Quality templates including traceability matrix and check sheets * Quality-related lessons learned from historical database
50
Which component of the project management plan may need to be updated due to quality management activities?
Scope baseline, schedule baseline, cost baseline
51
Which quality process generates quality control measurements?
Control Quality
52
Which quality process uses quality control measurements?
Manage Quality
53
Which quality process generates quality metrics?
Plan Quality
54
Which quality process uses quality metrics?
Manage Quality and Control Quality
55
What are some environmental factors that can influence the Identify Risks process?
* Academic and industry studies * Published information * Benchmarking * Commercial databases
56
What is the result of performing an EMV analysis of the decision tree regarding building from scratch?
Building from scratch is a better option because total cost is less.
57
What do you update during the Monitor Risks process?
Assumptions log and lessons learned register ## Footnote New assumptions and constraints may appear while old ones may be modified or disappear.
58
The work performance information from the Control Risks process is an input to which process?
Monitor and Control Project Work
59
Which other processes generate work performance information?
Monitor and control processes in all knowledge areas except project integration management.
60
What are the main goals of the Conduct Procurements process?
* Select the sellers * Award procurement contracts to them
61
True or False: The procurement item is obtained in the Conduct Procurements process.
False