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MAN 4583 Exam 2 Questions and Correct Answers

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A You are in the process of creating cost estimates for your project activities. You start with a document that details all the activities that will be performed in the project, and you begin to estimate the cost of each of the activities listed. What is this document? A. Work Breakdown Structure B...

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MAN 4583 Quiz- Questions and Correct Answers

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You are holding a document that analyzes and identifies risks on your project, categorizes them, and provides a scale to help you figure out the probability of the risk. What is the name of this document? Risk Management Plan You are the project manager of a trade show that will be held in Orlando ...

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MAN 4583 Ch 7 Review Questions and Correct Answers

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Plan scope management the process of developing a plan that includes the total scope of what needs to be done and what is excluded from the project; implementation and validation of the scope; and how to control deviations from the scope statement. Total scope = product scope + project scope Produ...

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MAN 4583 Exam 2 Study Guide- Questions and Correct Answers

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In a bottom-up approach, the estimated duration of project activities is based on __________ A. Work Packages B. the Budget C. Strategic Business Units D. the Schedule A. Work Packages Which of the following is NOT true about a network diagram? A. To construct it, activity duration estimates are ...

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MAN 4583 Exam 1 - Baz UCF Questions and Correct Answers

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What constitutes a project? • Temporary endeavor: beginning and end • Creates a unique product • Not a continuous operation What is a project? A project is a unique endeavor that has a specific goal, a beginning and an end, and usually a budget. Explain the role of a Project Manager: • Ass...

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MAN 4583 Exam 2 UCF Practice Questions and Correct Answers

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Creating the project schedule is incredibly important because once your sponsor approves it, the schedule will serve as a baseline for all the project work you and your team perform. List each activity on its own post-it note, and make sure that each activity has a name (the more self-explanatory, ...

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MAN 4583 Module 7 Review Questions and Answers

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agile Projects with only high-level planning for the entire project at the start with more detailed planning in increments mentor A project manager needs to continue to make sure the people/resources are available when needed and often needs to _____________ some of the project team members. Monit...

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Mid-Term Exam MAN 4583 Questions and Complete Solutions

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C. This is an example of using the previous project as a template. Rolling wave planning is incorrect because rolling wave planning describes the detailed planning of the imminent project work, and the high-level planning of work is further away in the project schedule. Analogous estimating describe...

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MAN 4583 Module 5 Practice Questions and Correct Answers

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estimates During project selection and chartering, very rough ___________ of cost were considered to determine if the project's benefits would be worth the investment. planning Now, in the detailed ______________, more comprehensive cost estimates are developed to once again determine if the proje...

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MAN 4583 Exam 2 Questions and Answers

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WBS breaks down into ____ rather than ___ deliverables; activities when defining work activities it is essential to involve the people who will actually be performing the project work how do you define a work activity give activity a name; short & starts with a verb Sequencing work activities put...

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MAN 4583 Exam 1 Questions and Complete Solutions

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All of the following are characteristics of a project EXCEPT: a. It has a definite beginning and end b. It repeats itself regularly c. It is temporary d. It has interrelated activities b. It repeats itself regularly A company's ongoing operations and maintenance are crucially important for providi...

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MAN 4583 Exam 3 Study Questions and Correct Answers

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Project success or failure often is reliant upon the contributions of all of the following groups of stakeholders EXCEPT A) Customers B) Suppliers C) Contractors D) Competitors E) Top management Competitors Managing a project and leading a project are two different things. Project leadership is abo...

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UCF MAN 4583 Exam 1 Study Guide- Questions and Correct Answers

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Stages of Project Team Development forming, storming, norming, performing, adjourning Forming team first come together Storming team figures out how to work together Norming team settles in with each other Performing team is self-managing Adjourning work is done and team is complete and can dis...

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MAN 4583 Exam 1 Test Questions and Correct Answers

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Describe what constitutes a project: -A non-routine, one-time effort limited by time, budget, resources and performance specifications designed to meet customer needs Explain the role of the project manager and key stakeholders: Project manager: assigned to achieve project objectives leads project ...

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UCF MAN 4583 Exam 1 Study Set- Questions and Answers

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What is a project? A temporary endeavor that has a specific and unique goal, and usually a budget Has an end goal: Product/Service/Outcome/Scheduling System Has a budget Operations Work that's the same day after day, producing the same results Ex: Admitting patients into the hospital What is p...

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MAN 4583- Exam 3 Questions and Complete Solutions

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Planned value the budget for the project based on how much work should be complete overtime Actual cost How much we have spent to date on project for work that's complete Earned value management project management methodology, integrates scope, time and cost to accurately measure current project ...

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UCF MAN 4583 Mid-Term Study Guide- Questions and Answers

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3 personal skills you need to be a good PM? 1. Knowledge 2. Performance 3. Personal Skills What are the Enterprise Environmental Factors? People Market Databases Standards Risk Tolerance Enterprise Environmental Factor: People The skills and organizational culture where you work. Enterprise Envir...

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MAN 4583 - Exam 3 Study Questions and Complete Solutions

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-Monitor results -Take corrective action -Expedite activities -Solve technical problems -Serve as peacemaker -Make tradeoffs among time, costs, and project scope What is involved with leading change? -Recognize the need to change to keep the project on track -Initiate change -Provide direction and ...

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MAN 4583 UCF FINAL Exam Questions and Correct Answers

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Known unknowns risks you are aware of like weather delays, technology, widely dispersed project team, deliverable issues, limited options Unknown unknowns risks you can't predict and they come from super unlikely events like 9/11 event and you plan for them by setting up contingency funds based on...

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MAN 4583 Exam 3 Questions and 100% Correct Answers

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You are holding a document that analyzes and identifies risks on your project, categorizes them, and provides a scale to help you figure out the probability of the risk. What is the name of this document? Risk Management Plan Adopting proven technology instead of experimental technology in order to...

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MAN 4583 Practice Test Questions and Correct Answers

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Which PM knowledge area has legal ramifications? Procurement (contracts) You are planning procurements and considering your production capabilities, competencies and proprietary nature of work you are conducting a _____________or ______________ analysis. Make or buy analysis There is a risk your m...

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