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SCMA 350 Chapter 9 Test Questions and Correct Answers

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All of the following are among the benefits realized as a consequence of developing a cost management plan EXCEPT: a. It shows how to develop and share relevant, accurate and timely information that stakeholders can use to make intelligent and ethical decisions. b. It documents how the business cas...

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SCMA 350 EXAM 2 PRACTICE QUESTIONS AND CORRECT ANSWERS

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Which of the following terms best describes a sequence of activities defined by the project network logic? Path Which of the following terms best describes the defining points of a network that is, junction points that are joined to some or all of the others by dependency lines? Node Which of the ...

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SCMA 350 Chapter 3 Study Questions and Correct Answers

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Which of the following characteristics is NOT associated with a functional organization? a. Each employee has one clear superior. b. Resources are easily shared between departments and projects. c. Staff are managed by a person with expertise in their area. d. Staff are grouped by areas of specializ...

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SCMA350 Chapter 5 Study Questions and Correct Answers

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Which of the following statements accurately describes a project management plan? a. a formal document that describes how the project will be initiated and planned b. a formal document that describes how the project will be executed, monitored and controlled c. a formal document that defines how the...

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SCMA 350 Chapter 8 Review Questions and Correct Answers

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When estimating resource needs, project teams should consider all the following EXCEPT: a. support needs such as information systems. b. the time required to communicate between activities. c. specific knowledge or skills that are required. d. scoring models. d. scoring models. The staffing manage...

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SCMA 350 Test 2 Questions and Correct Answers

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The project charter grants the right to the project team to continue into more detailed planning, and to do all the following EXCEPT: sanctions the creation of a business case The project charter should help the project team and the project sponsor to develop a common understanding of what the proj...

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SCMA350 Chapter 4 Practice Questions and Correct Answers

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Which of the following documents serves as an informal contract between the project team and the project sponsor? a. team members' employment contracts b. project charter c. project roadmap d. business case b. project charter The project charter grants the project team the right to: a. begin proje...

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SCMA 350 Chapter 10 Test Questions and Correct Answers

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All of the following are benefits that can be attributed to the effective use of a risk management plan EXCEPT: a. It enables project managers to eliminate or reduce the impact of some threats. b. It enables the project manager to identify and eliminate all risks c. It facilitates communication wit...

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SCMA 350 Chapter 6 Practice Questions and Answers

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The project scope planning processes include all of the following EXCEPT: a. how the project scope will be defined b. how the requirements will be collected c. how the work breakdown structure will be created d. how the business case will be created d. how the business case will be created Define ...

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Project MGT (CH 1-5) SCMA 350 Test 2 Questions and Correct Answers

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Once projects are completed, they will typically yield all of the following results EXCEPT make or buy decisions Which of the following examples is NOT a typical or appropriate situation to employ project management?" processing deposits and withdrawals in a bank In an adaptive or change - driven...

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SCMA 350 Chapter 7 Practice Questions and Correct Answers

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Estimating the number of work periods that will be needed to complete individual schedule activities characterizes which of the following time management processes? a. Define activities b. Sequence activities c. Estimate activity duration d. Create WBS c. Estimate activity duration Creating a real...

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Chapter 11 SCMA 350 Questions and Correct Answers

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What is quality? "it is an inherent or distinguishing characteristic; a property; having a high degree of excellence" Features and functionality of quality "fitness for use" "conformance to requirements" Quality planning Determining which quality standards are important to the project and de...

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SCMA350 Chapter 1 Test Questions and Correct Answers

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Which of the following examples is NOT a typical or appropriate situation to employ project management? a. improving an existing work process b. installing a new computer system c. conducting a routine, standard customer service operation d. developing a new product c. conducting a routine, standard...

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SCMA 350, Chapter 7 Practice Questions and Correct Answers

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Scope Planning Processesplan scope management, collect project requirements, define project scope, create work breakdown structure, establish change control 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 ...

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SCMA 350 Chapter 5 Study Questions and Correct Answers

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Project Management Plan (definition) A formal, approved document that defines how the project is executed, monitored and controlled Project Management Plan is (uses) - The bases for executing, monitoring, controlling and closing all project work -develop the outline of a project management plan -us...

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SCMA 350 CHAPTER 4 PRACTICE QUESTIONS AND ANSWERS

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What is a Project charter? (1) An informal contract between the project team and the sponsor, formally authorizes the project, documents initial requirements that satisfy the stake holders Project charter 1. Authorizes the project manager to proceed. -Authorizes the commitment of resources to a pro...

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Test 1 for SCMA 350 Questions and Correct Answers

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1. Projects often require tradeoffs among all of the following EXCEPT: A)Scope B)Cost C)Schedule D)Programs = Answer 2. Once projects are completed, they will typically yield all of the following results EXCEPT: A) A unique product, service or result B) Make or buy decisions = Answer C) Stakeholder...

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SCMA 350 Midterm Exam Questions and Correct Answers

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Population Includes all objects of interest in a study— people, households, machines, etc. Sample Representative subset of population, usually chosen randomly Variable (or field or attribute) Attribute or measurement of members of a population, such as height, gender, or salary Observation (or ...

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SCMA 350 Practice Exam Questions and Answers

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Regression Analysis Statistical method used to determine whether a relationship exists between variables and the strength of the relationship. Why Regression Analysis To predict the value of the dependent variable based on the independent variable Correlatio a statistical index of the relationship...

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Chapter 12 SCMA 350 Review Questions and Answers

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extrapolation models Forecasting models where only past values of a variable (and possibly time itself) are used to forecast future values. Econometric Models Forecasting models based on regression, where other time series variables are used as explanatory variables (also called causal or regressio...

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SCMA 350 Final Exam Questions and Answers

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The Project Management Body of Knowledge Guide definition of a project indicates that a project is: A) temporary. B) multifunctional. C) designed to consume human resources. D) limited by a budget. A) temporary. Which of the following is NOT a project constraint? A) the schedule B) the technical ...

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SCMA 350 EXAM 2 QUESTIONS AND CORRECT ANSWERS

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Project Team Building Steps 1. Identify skills required 2. Identify personnel to match the skills 3. Talk to potential team members 4. Negotiate with the supervisor 5. Assemble the team Effective Teams 1. Develop skills inventory matrix 2. Develop responsibility matrix 3. Clarify roles 4. Clarify m...

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SCMA 350 - Final Exam Study Questions and Correct Answers

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Which of the following is NOT an example of a time series model? A. Moving Average B. Exponential Smoothing C. Exponential Smoothing with Trend D. None of the above D. None of the Above If the demand is 100 during October 2016, 250 in November 2016, 350 in December 2016, 510 in January 2017. What i...

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SCMA 350 Midterm Exam Questions and Answers

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Being employed or unemployed is measured on which scale? nominal Shirt sizes: XS, S, M, L, XL is measured on which scale? ordinal Last year a small accounting firm paid each of it's 5 clerks $30,000, 2 junior accountants $65,000 each, and the firms owner $355,000. What is the mean salary paid at ...

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UNL SCMA 350 Exam 2 Questions and Answers

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statistical process control (SPC) a set of statistical tools, including control charts, for monitoring quality Deming's 14 points A list of rules espoused by Deming for creating quality improvements in manufacturing and service operations Common cause variability the inherent variability in an in...

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SCMA-350 Exam One Practice Questions and Correct Answers

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Which of the following is NOT characteristic of a project? ALL projects are large scale, one of a kind, requires long periods of time to complete and require multiple areas of expertise *All are characteristics of a project* Which of the following would be least likely to be a project? Preparing M...

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SCMA 350 UNL Exam 1 Key Terms- Questions and Correct Answers

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Model inputs The given numeric values in any problem statement Decision variables The variables a decision maker has control over to obtain the best solutions Model outputs The numeric values that result from combinations of inputs and decision variables through the use of logical formulas Relati...

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