.0001pt; text-align:center”>TEAM A MULTIPLE CHOICE QUESTIONS 1. (TCO 1) A project is defined as a

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.0001pt; text-align:center”>TEAM A MULTIPLE CHOICE QUESTIONS 1. (TCO 1) A project is defined as a

.0001pt;text-align:center”>TEAM A MULTIPLE CHOICE QUESTIONS 1. (TCO 1) Aproject is defined as a(n) _____ endeavor undertaken to create a(n) _____product, service, or result.a.challenging; new b.temporary; unique c. new;challenging d. ongoing;unique 2. (TCO 1)Which document on a project authorizes the project manager to begin work on theproject? a. The scope b. The schedule c. The charter d. The risk management plan3. (TCO 2)Project deliverables are created in the _____ , which is completed during the_____ phase of a project.a. charter;execution b. scope;planning c. schedule;planning d. charter;planning 4. (TCO 2)Which statement is an example of a project deliverable?a. “If theparts arrive late, we will not finish on time.†b. “We must get permits before we startwork.†c. “I believe the contracts will be signed bythe 15th.†d. “The paving of the parking is lot is majorpiece of work for this project.†5. (TCO 3)The longest continuous path of activities from beginning to end on a projectdescribes thea.deliverables. b.slack. c. criticalpath. d. workpackages. 6. (TCO 3)What values are calculated on the backward pass of a project network? a. Early start; late start b. Early start; early finish c. Late start; late finish d. Early finish; late finish 7. (TCO 5)In which process of risk management are proactive and reactive strategiesconsidered? a. Plan risk management b. Plan risk responses c. Control risks d. Qualitative risk analysis 8. (TCO 5) Arisk matrix is used in _____ to _____. Arisk register is a _____.a.qualitative risk analysis; prioritize risks; list of risks b.quantitative risk analysis; identify risks; way to categorize risks c.qualitative risk analysis; create risk strategies; way to monitor negativerisks d. riskidentification; simulate project risks; way to categorize risks TEAM AESSAYQUESTIONS 1.(TCO 1)Before one can begin writing a charter, one must consider the most appropriateorganization for the project. You are the project manager for a company thatintegrates custom data solutions for large corporate enterprises. This projectwill span two or three years and will cost tens of millions of dollars. This isa large, very involved project. Which of the five organization structures ismost suitable? Why?2. (TCO 2)You are reaching the end of your graduate school program and are planning alarge party to celebrate your success! You have rented out the local forestpreserve as the venue for your party. Applying your project management skills,you want to ensure you have everything planned out and you’ve asked your familyand friends to be a part of your team to hold this party. At your party, youhave made it clear to your team what you want to have delivered. After all,it’s your party— you can have whatever you want! Some of the key items you wantat your party include· graduation announcements;· party invitations;· live entertainment;· games (for adults and for children);· food;· beverages; and· convenience for all (parking, restroomfacilities, etc.).Part 1: Toensure you have a clear scope for your team, create a 2-level WBS. Don’t forgetto include your WBS numbering (15 points).Part 2: Inyour WBS, how many work packages have been created? (5 points)3. (TCO 3)Compare and contrast crashing and scope reduction as means of schedulereduction.4. (TCO 5) Afirm hosts data-mining servers and performs data mining for other companiesthat do not desire the costs of hardware, software, or expertise to data minetheir data. The firm is planning to roll out faster data-mining software thatwill reduce the time to sift through customers’ data by a fraction of thepresent time.Part 1: Listand discuss the major risk management functions from a project managementperspective for the data-mining software project. (15 points)Part 2:Describe a positive and negative risk event, the consequences, and therisk-response plans for the data-mining software project. (15 points)5. (TCO 9)List and describe at least three key differences between risk management in anagile environment and risk management in a traditional project.

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