Mgmt 404 week 7 quiz Study guides, Class notes & Summaries

1. Question: Theriskregisterisalivingdocumentandnewriskscanbeaddedastheyarediscovered. 2. Question: Onceriskshavebeenidentifiedandanalyzed,theprojectteamdecideshowtheywillhandleeachrisk. 3. Question: WhichofthefollowingdescribestheactivitiesappropriatelyperformedbytheprojectteamduringPerformQualitativeRiskAnalysis? 4. Question: PlanRiskResponsesistheprocessofdevelopingoptionstoenhanceopportunitiesandreduce threatsforeveryriskthat hasbeen identified. 5. Question: Allofthefollowingareamongthec...

1. Question:Supplychainoperationsrequiremanagerialprocessesthatspanacrossfunctionalareaswithin individual organizations, and link trading partners and customers acrossorganizationalboundaries. 2. Question:Theprocurementmanagementplan: 3. Question:Which ofthefollowing termsdescribes a methodfor transformingcontractualarrangementsintoacohesive,collaborativeprojectteamwithasinglesetofgoalsandestablishedproceduresforresolvingdisputesinatimelyandcost-efficientmanner? 4. Question:Twotypes ofcontrol...

Question: Supply chain operations require managerial processes that span across functional areas within individual organizations, and link trading partners and customers across organizational Questio n: The procurement management plan: Question: Which of the following terms describes a method for transforming contractual arrangements into a cohesive, collaborative project team with a single set of goals and … procedures for resolving disputes in a timely and cost- efficient manner? Question: T...

1. Question:AllofthefollowingelementsshouldbeincludedinaprojectscopestatementEXCEPT: 2. Question:It is important to assign a unique name and a unique number to every component intheprojectWorkBreakdownStructure. 3. Question:TheWorkBreakdownStructure(WBS)isnormallydevelopedbylistingdeliverables-major deliverables first and then progressively smaller ones until the team feels thateverydeliverablehasbeenidentified. 4. Question:Failure to include project management in the WBS will increase the li...

1. Question:AllofthefollowingelementsshouldbeincludedinaprojectscopestatementEXCEPT: 2. Question:It is important to assign a unique name and a unique number to every component intheprojectWorkBreakdownStructure. 3. Question:TheWorkBreakdownStructure(WBS)isnormallydevelopedbylistingdeliverables-major deliverables first and then progressively smaller ones until the team feels thateverydeliverablehasbeenidentified. 4. Question:Failure to include project management in the WBS will increase the li...

1. Question: In which of the following tools would a normal or bell-shaped curve be expected if no special conditions are occurring? 2. Question: Two types of control are used extensively on projects and both compare actual performance against the plan: steering control and go/no go control. 3. Question: Which of the following types of contracts involves payment to the seller for the seller's actual approved costs of completed work, plus a fee typically representing the seller's profit? 4. Qu...

1. Question:Supplychainoperationsrequiremanagerialprocessesthatspanacrossfunctionalareaswithin individual organizations, and link trading partners and customers acrossorganizationalboundaries. 2. Question:Theprocurementmanagementplan: 3. Question:Which ofthefollowing termsdescribes a methodfor transformingcontractualarrangementsintoacohesive,collaborativeprojectteamwithasinglesetofgoalsandestablishedproceduresforresolvingdisputesinatimelyandcost-efficientmanner? 4. Question:Twotypes ofcontrol...

1. Question: Information is a key ingredient at each stage of the project supply chain, as well as within each phase of supply chain decision making. 2. Question: The evaluation criteria that were developed during procurement planning to define how the team will evaluate and rank proposals should guide them in the vendor evaluation and selection process. 3. Question: Self-directed teams on agile projects are largely empowered to decide what work to do and when to do it, consistent with the pri...

1. Question: In which of the following tools would a normal or bell-shaped curve be expected if no special conditions are occurring? 2. Question: Which of the following terms describes a method for transforming contractual arrangements into a cohesive, collaborative project team with a single set of goals and established procedures for resolving disputes in a timely and cost-efficient manner? 3. Question: Fixed price contracts provide low risk for the seller, since the buyer will pay a fixed p...

1. Question: Self-directed teams on agile projects are largely empowered to decide what work to do and when to do it, consistent with the prioritizing of deliverables by the product owner. 2. Question: Project partnerships offer which of the following advantages to both clients and vendors? 3. Question: Traditional project procurement was characterized by win / lose adversarial relations between owner and contractor, whereas contemporary project partnering fosters a relationship of trust and c...