The Project Management Document provides answers to the assignment 2 questions due on 28 April 2023. It is a comprehensive summary of the project plan and how it is managed, including the objectives, schedule, budget, risks, and resources needed. It also outlines the processes and tools used to tra...
, A well-defined task includes (select all that apply):
a. resources requirements
b. resumes of workers
c. times and cost estimates
d. definition of the deliverables, outputs, or results
e. persons or groups responsible for the task
The estimate providing the best accuracy for total project cost comes from:
a. looking at the project as a whole
b. combining estimates from all the work packages
c. looking at the cost of similar, completed projects.
d. the cost constraint specified by the customer.
The major problem with using traditional budgets for projects is that they:
a. are annual in nature.
b. are usually divided into functional areas.
c. focus on project objectives.
d. all of the above
e. A and B only
Risk management includes (Select all that apply):
a. Setting procedures for accurate, complete project documentation.
b. Establishing good communication so the project manager is kept informed of
emerging problems.
c. Establishing reward systems so workers are well paid and motivated.
d. Establishing procedures to continuously monitor risks and updating the risk plan.
e. Setting penalties to ensure that things don’t go wrong
Traditional project management (TPM)—the waterfall approach (Select all that are
true):
a. Applies when the problem/goal and the solution/end-item are well-understood
and can be clearly defined early in the project.
b. The Definition and Execution phases each happen just once.
c. TPM projects are plan-driven projects; Execution means “execute the plan”.
The critical path:
a. shortest path through a project network.
b. does not change during project execution.
c. always has zero slack.
d. has the smallest slack in the project.
e. all of the above.
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