Manages project budgets - Study guides, Class notes & Summaries

Benefit measurement methods Decision model that compares the benefits obtained from new project requests by evaluating them using the same criteria and comparing the results. Constrained optimization models Decision models that use statistics and other mathematical concepts to assess a proposed project. Cost-benefit analysis benefit measurement. Calculates the cost of producing the result of the project and compares to the financial gain the project will generate. Decision model Method of...

Delivering value is the primary job of a project manager. The critical thing to remember is that value is determined by the customer and then flows back to all participants, shaping all project activities. - Answer Budgeting should be an iterative process in which the estimates become more and more accurate as you get to the completion of the project. - Answer Budgets can be used for control, as a communication tool, and to get stakeholder buy-in for a project. - Answer What do job costin...

SAFe 4 Practitioner Certification Exam Questions And Answers SAFe for Lean Enterprises is a.... - ANSWER- knowledge base of proven, integrated principles, practices, and competencies for Lean, Agile, and DevOps What are the 5 core competencies of the Lean Enterprise - ANSWER- 1) Lean-Agile Leadership 2) Team and Technical Agility 3) DevOps and Release on Demand 4) Business Solutions and Lean Systems Engineering 5) Lean Portfolio Management Within Lean-Agile Leadership you have 4 key...

Scaled Agile Framework (SAFe) - Leading SAFe 5 Core Competencies Lean Agile Leadership Team - Team and Technical Ability Program - DevOps and release on demand Large Solution - Business Solutions & Lean Systems Portfolio - Lean Portfolio Management Benefits of safe Time to market: 30-75% faster Quality: 25-75% defect reduction Productivity: 20-50% increased productivity Engagement: 10-50% happier, more motivated employees Steps in Agile Build Test Deploy Define...

WV LICENSING Exam with Complete Solutions Construction projects are defined by which three factors? - Answer -1. Scope 2. Budget 3. Schedule In a traditional design/bid/build (D/B/B) project, a project's life cycle will begin with what? - Answer - D/B/B BEGINS WITH THE INITIATION OF PLANNING AND DESIGN What are the major duties of Construction Manager? - Answer -CONSTRUCTION MGR (CM) AKA CONSTRUCTION PROJECT MANAGER (CPM) : PLANS - DIRECTS - BUDGETS - MANAGES PROJECT COMPARE THE ENGINE...

During which of the following project development life cycles are the project scope, schedule and budget determined in the early phases of the life cycle? - ANSWER-Predictive Life Cycle Which of the following is the correct definition of a project management methodology? - ANSWER-System of practices, techniques, rules and procedures used by those who work in a discipline You are helping an organization uplift its project management practices. You have recommended developing a business case...

Domain 2 CISA Review 152 Questions, Answers & Explanations Manual, 12th Edition | Print | English AZ-148 An enterprise's risk appetite is BEST established by: A. The chief legal officer B. Security management C. The audit committee D. The steering committee - CORRECT ANSWER D is the correct answer. Justification: A. Although chief legal officers can give guidance regarding legal issues on the policy, they cannot determine the risk appetite. B. The security management team is concerne...

CAPM Practice Exam 150 Questions with Verified Answers 1. The process of establishing clear and achievable objectives, measuring their achievement, and adjusting performance in accordance with the results of the measurement is called: - CORRECT ANSWER Management by Objectives 2. During the full life cycle of the project, a plot of the project's expected expenditures will usually follow a characteristic S curve. This indicates that: - CORRECT ANSWER The bulk of the project budget will be s...

5 Core Competencies Lean Agile Leadership Team - Team and Technical Ability Program - DevOps and release on demand Large Solution - Business Solutions & Lean Systems Portfolio - Lean Portfolio Management Benefits of safe Time to market: 30-75% faster Quality: 25-75% defect reduction Productivity: 20-50% increased productivity Engagement: 10-50% happier, more motivated employees Steps in Agile Define Build Test Deploy Continuous Delivery Pipeline Continuous Expl...

What is a CPU? - correct answer The CPU is the 'brain' of the computer. It is the device that carries out software instructions. They get hot so have fan attached to them What is the main memory of a computer? - correct answer Any data or instructions that are to be processed by the CPU must be placed into main memory (sometimes known as primary storage). What is RAM? - correct answer ...