OMIS 352 Final Exam UPDATED Questions and CORRECT Answers
0 view 0 purchase
Course
OMIS 352
Institution
OMIS 352
OMIS 352 Final Exam UPDATED
Questions and CORRECT Answers
Project Charter - CORRECT ANSWER- Starts the whole process
Scope - CORRECT ANSWER- Defines the work to be done
Resources - CORRECT ANSWER- Things we need to complete charter
Definition Phase - CORRECT ANSWER- Develops vision and approac...
Project Network Diagram - CORRECT ANSWER✔✔- Uses WBS as basis, requires
determining parallel activity, requires estimate of activity (PERT)
, Critical Path Analysis - CORRECT ANSWER✔✔- The longest path in project network and
the shortest time in which the project can be completed. Path with zero (float) slack. MUST
be monitored.
Stakeholder Analysis - CORRECT ANSWER✔✔- Identify: Stakeholders, Interest (+1 to -1),
Influence (0 to 5), Potential Conflicts, Role, Objective, Strategy
Communications Plan - CORRECT ANSWER✔✔- Stakeholders, Information
Requirements, Type of Report or Metric, Timings or Availabilities, Medium or Format
Earned Value - CORRECT ANSWER✔✔- A performance measurement of how much
budget we really should have spent for work accomplished so far.
EV = Planned Value (PV) x % complete
Silence can Kill a Project - CORRECT ANSWER✔✔- No news is bad news
Project Risk - CORRECT ANSWER✔✔- An uncertain event or condition that, if it occurs,
has a positive or negative effect on one or more project objectives such as scope, schedule,
cost, and quality.
Risk appetite - CORRECT ANSWER✔✔- the degree of uncertainty an entity is willing to
take on in anticipation of a reward.
risk tolerance - CORRECT ANSWER✔✔- the degree, amount, or volume of risk that an
organization or individual will withstand.
risk threshold - CORRECT ANSWER✔✔- measures of uncertainty or level of impact at
which a stakeholder may have a specific interest.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
