PJM 5900 Week 11 Test Your Knowledge

.pdf

School

Northeastern University *

*We aren’t endorsed by this school

Course

5900

Subject

Management

Date

Apr 29, 2024

Type

pdf

Pages

6

Uploaded by CoachMantisMaster1070 on coursehero.com

2024/4/27 23:29 Week 11_Test Your Knowledge (TYK): PJM5900 71039 Foundations of Project Mgt SEC 23 Fall 2023 CPS [BOS-1-HY] Week 11 _Test Your Knowledge (TYK) Due Dec 10, 2023 at 11:59pm Points 100 Questions 10 Time Limit None Allowed Attempts Unlimited Instructions This practice test covers weeks 1-11 course materials. Each answer contains detailed explanations to help you master the course materials. Take notes as you learn as the final exam will cover week 1-week 12 course materials. Test Parameters Logistics: Online Number of Questions: 10 Duration: 60 minutes Possible points: 100 points Questions Type: Fill in the blank, multiple choice, multiple answer, and matching Question Delivery: One question at a time Multiple Attempts: Unlimited Force Completion: Once started, this Test must be completed in one sitting. Due date: Sunday of the ELEVENTH week of the course Take the Quiz Again Attempt History Attempt Time Score KEPT Attempt 2 9 minutes 90 out of 100 LATEST Attempt 2 9 minutes 90 out of 100 Attempt 1 8 minutes 85 out of 100 Submitted Dec 15, 2023 at 3:39pm Question 1 10/ 10 pts Risk transference nearly always involves: Policies and procedures for a response system. https://northeastern.instructure.com/courses/160072/quizzes/524378?module_item_id=9088257 1/6
2024/4/27 23:29 Week 11_Test Your Knowledge (TYK): PJM5900 71039 Foundations of Project Mgt SEC 23 Fall 2023 CPS [BOS-1-HY] Correct! Payment of a risk premium to the party taking on the risk. Accepting a lower profit if some activities overrun their budget. Eliminating risk through beta testing. Transfer involves shifting ownership of a threat to a third party to manage the risk and bear the impact if the threat occurs. Risk transfer often involves payment of a risk premium to the party taking on the threat. Transfer can be achieved by a range of actions, which include, but are not limited to, the use of insurance, performance bonds, warranties, guarantees, etc. Agreements may be used to transfer ownership and liability for specified risks to another party. Question 2 10/ 10 pts This agile meeting is held between the product owner and the team to help them learn about upcoming stories for the next iteration. Which meeting does this describe and when is it held? (Select the best two answers.) It is the planning meeting. It is held at the start of the iteration. Correct! It is held in the middle of an iteration. Correct! It is the backlog refinement meeting. It is the review meeting. This is the backlog refinement meeting held in the middle or near the end of an iteration. The purpose of the backlog refinement meeting is to decompose the highest priority items in the product backlog into user stories which are suitable for inclusion in the next sprint. Question 3 10/ 10 pts Your project team has gathered the following cost measurements for the project: EV = 220, AC = 215, PV = 235. Which of the following statements is true? Correct! The project is behind schedule and costs are lower than planned. The project is ahead of schedule and costs are higher than planned. The project is behind schedule and costs are higher than planned. The project is ahead of schedule and costs are lower than planned. https://northeastern.instructure.com/courses/160072/quizzes/524378?module_item_id=9088257 2/6
2024/4/27 23:29 Week 11_Test Your Knowledge (TYK): PJM5900 71039 Foundations of Project Mgt SEC 23 Fall 2023 CPS [BOS-1-HY] SV for this project is (220 235) = —15, so this project is $15 behind schedule (i.e., $15 worth of work that was planned to be done by this time has not been completed). The CV for this project is (220 215) = 5, which means the costs are $5.00 lower than what was planned for the project at this point in time. Question 4 10/ 10 pts Communication activities have many potential dimensions that generally include all of the following, EXCEPT: Formal and informal. Written, oral, and nonverbal. Correct! Conceptual and definitive. Internal and external. Communications activities have many dimensions, including but not limited to the following: e Internal. Focus on stakeholders within the project and within the organization. o External. Focus on external stakeholders such as customers, vendors, other projects, organizations, government, the public, and environmental advocates. e Formal. Reports, formal meetings (both regular and ad hoc), meeting agendas and minutes, stakeholder briefings, and presentations. e Informal. General communications activities using emails, social media, websites, and informal ad hoc discussions. o Hierarchical focus. The position of the stakeholder or group with respect to the project team will affect the format and content of the message, in the following ways: Upward. Senior management stakeholders. Downward. The team and others who will contribute to the work of the project. Horizontal. Peers of the project manager or team. o Official. Annual reports; reports to regulators or government bodies. o Unofficial. Communications that focus on establishing and maintaining the profile and recognition of the project and building strong relationships between the project team and its stakeholders using flexible, and often informal, means. o Written and oral. Verbal (words and voice inflections) and nonverbal (body language and actions), social media and websites, media releases. https://northeastern.instructure.com/courses/160072/quizzes/524378?module_item_id=9088257 3/6
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help