MOC EXAM 25Q Agile 84% 176->200 Flashcards
Attempt 179: Incorrect NOT MARKED
A risk is an undetermined event or condition that can have a positive or negative effect on at least one project objective if it occurs. During which part of your project is the risk of the project failure highest?
- The beginning, when initiating your project
- The middle, when planning your project
- The end, when closing your project
- The middle, when executing your project
Risk of project failure is at its “highest at the beginning of a project”, and decreases as items are complete or delivered, until project closure.
You are a project manager brought on during the very early phase of the project. The project sponsor has asked you to create a report on whether this project can be completed in time, at what cost, and what benefit is expected. What is the Project Sponsor asking for?
- A Project Charter
- A commercial database
- A Feasibility Study
- A project management plan
A feasibility study forms a part of the Business Case,to determine whether a project is feasible or not.
Your project can be significantly impacted, depending on the organizational structure you are working in. Which organisational structure gives you the most control as a project manager?
- Strong Matrix
- Functional Matrix
- Balanced Matrix
- PMO
While a strong matrix gives you moderate to high control,
a Project Management Office PMOgives you high to almost total control.
You are working on a project and your project sponsor asks you to contribute to a decision on whether to continue the project. The project had an initial budget of $500,000, is only half complete and has spent $1,000,000. Should the organization consider the $1,000,000 when determining whether to continue?
- Ask the Project Team to vote so the process is democratic
- No, the money spent is gone
- Yes, that is our money spent, we should consider it
- Refer to the functional manager as they own the business unit
The $1,000,000 represents “Sunk Costs”, which are never a consideration in the decision for a project to continue.
You are in the process of identifying the methods your company uses to accept third party vendors and procure their services. What are you looking for?
* Rating Selection Criteria
* Source Selection Criteria
* Scoring Selection Criteria
* Proposal Selection Criteria
> Source Selection criteria are created to rate seller proposals.
You are choosing a project for an organization where Project X has an internal rate of return (IRR) of 8%, Project Y has an IRR of 7%, Project Z has an IRR of 9%, Project W has an IRR of 11%. Which project would be the best choice?**
* Project W
* Project X
* Project Y
* Project Z
The project which has the highest internal rate of return (IRR) is the best choice. So, Project W with an IRR of 11% would be the best choice.
Crystal is one of the original frameworks that contributed to Agile. It is designed to scale and realises that each project may require a slightly tailored set of practices based on size and complexity. Its core values include:
* People, Interaction, and Community.
* Finding people, building people, leading people.
* Building products, buying products, selling products.
* Profit, Persistence, and Power.
Crystal’s core values include People, Interaction and Community - in the same way as Agile is based around iterations over processes and tools - and understanding the impact things have on way of work and getting things done.
Crystal is designed to scale and realises that each project may require a slightly tailored set of practices based on size and complexity. What are some of the ways that Crystal scales?
- Crystal blue, indigo and violet, based on number of features in the backlog.
- Crystal clear, yellow or red, based on number of people involved.(Correct)
- Crystal metal, wood and water, based on the flow of story cards through the Kanban board.
- Crystal High, Low, and Medium, based on dollars spent on the project.
Crystal Clear, Yellow, Orange and Red are based on factors such as people involved (0 to 8, all the way up to 100 or more), money involved and the general comfort level of the project.
