PJM 5900 Week 1 Test Your Knowledge

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School

Northeastern University *

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Course

5900

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Management

Date

Apr 29, 2024

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pdf

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7

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2024/4/27 23:24 Week 1_Test Your Knowledge (TYK): PUM5900 71039 Foundations of Project Mgt SEC 23 Fall 2023 CPS [BOS-1-HY] Week 1 _Test Your Knowledge (TYK) Due Sep 24, 2023 at 11:59pm Points 100 Questions 10 Time Limit None Allowed Attempts Unlimited Instructions This practice test covers week 1 course materials, which include an introduction to project management. 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 FIRST week of the course Take the Quiz Again Attempt History Attempt Time Score LATEST Attempt 1 13 minutes 70 out of 100 Submitted Sep 25, 2023 at 8:50pm Question 1 10/ 10 pts Which of the following statements best describe the term program? A large projects with significant cost and resource requirements. A group of related tasks lasting one year or less. https://northeastern.instructure.com/courses/160072/quizzes/524381?module_item_id=9088173 117
2024/4/27 23:24 Week 1_Test Your Knowledge (TYK): PUM5900 71039 Foundations of Project Mgt SEC 23 Fall 2023 CPS [BOS-1-HY] A sequence of activities constituting a major project. Correct! A group of related projects, subsidiary programs, and program activities managed in a coordinated manner. A program is defined as a group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually. Programs are not large projects. Question 2 10/ 10 pts The term portfolio management refers to: Managing the levels of financial authority to facilitate project decision making. Correct! The centralized management of one or more portfolios to achieve strategic objectives. Managing various contents of the project file. Applying resource-leveling heuristics across all the organization's projects to achieve the organization's strategic objectives. Portfolio management refers to the centralized management of one or more portfolios to achieve strategic objectives. Portfolio management focuses on ensuring that projects and programs are reviewed to prioritize resource allocation and that the management of the portfolio is consistent with and aligned to organizational strategies. Question 3 10/ 10 pts All of the following are true about project phases and the project life cycle, EXCEPT: The cost of changes and correcting errors typically increases substantially as the project approaches completion. Correct! Cost and staffing levels are generally steady throughout the project life cycle. https://northeastern.instructure.com/courses/160072/quizzes/524381?module_item_id=9088173 2/7
2024/4/27 23:24 Week 1_Test Your Knowledge (TYK): PUM5900 71039 Foundations of Project Mgt SEC 23 Fall 2023 CPS [BOS-1-HY] Stakeholder influences, risk, and uncertainty are greatest at the start of the project. These factors decrease over the life of the project. The ability to influence the final characteristics of the project's product, without significantly affecting cost, is highest at the start of the project and decreases as the project progresses toward completion. Project life cycles can be predictive or adaptive. Within a project life cycle, generally one or more phases are associated with the development of the product, service, or result. These are called a development life cycle. Development life cycles can be predictive, iterative, incremental, adaptive, or a hybrid model. Explanation here is only provided for predictive and iterative life cycles. Refer to PMBOK ® Guide for the other development life cycles. In a predictive life cycle, the project scope, time, and cost are determined in the early phases of the life cycle. Any changes to the scope are carefully managed. Predictive life cycles may also be referred to as waterfall life cycles. In an iterative life cycle, the project scope is generally determined early in the project life cycle, but time and cost estimates are routinely modified as the project team's understanding of the product increases. Iterations develop the product through a series of repeated cycles, while increments successively add to the functionality of the product. While project cost and staffing levels can be steady, for larger and complex projects, costs and staffing levels are subject to change and therefore not likely to be steady throughout the project life cycle. Question 4 0/10 pts The PMBOK® Guide is the standard for: You Answered Managing all projects all of the time. Correct Answer Managing most projects most of the time. Managing all projects most of the time. Managing some projects some of the time. Question 5 10/ 10 pts https://northeastern.instructure.com/courses/160072/quizzes/524381?module_item_id=9088173 3/7
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