MGMT 404 Midterm Exam Answers (2018)

MGMT 404 Midterm Exam Answers (2018)

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MGMT 404 Midterm Exam Answers (2018) / Business Systems Analysis

1. (TCO 1) Which step of the project life cycle creates the project charter?

2. (TCO 1) Projects have specific attributes. Which of the following is not an attribute of a project?

3. (TCO 2) Which step of the project life cycle defines all of the project deliverables?

4. (TCO 2) Which statement is an example of a project deliverable?

5. (TCO 3) The critical path in a project describes which of the following?

6. (TCO 3) What values are calculated on the backward pass of a project network?

7. (TCO 5) In which process of risk management are risks prioritized or ranked?

8. (TCO 5) Contingency plans are created

9. (TCO 1) Compare and contrast the project charter and the project scope as used in project management.

10. (TCO 2) You are a project manager at a bike shop. You just received a shipment of new bikes that need to be assembled. For each bike, the frame needs to be set, which includes the bike frame, handle bars, and the seat. The wheels need to be mounted. The braking system needs to be installed. Before a bike can be sold, it needs to be tested by the quality team and road tested. You have assembled your team of experts and they are anxious to get started. 

Part 1: To ensure you have a clear scope for your team, create a 2-level WBS. Don’t forget to include your WBS numbering. (15 points)

Part 2: In your WBS, how many work packages have been created? (5 points)

11. (TCO 3) Compare and contrast fast tracking and scope reduction as means of schedule compression

12. (TCO 5) A firm stores data for other organizations. The company stores data across many states, providing backup data storage for state, municipal governments, and large corporations. The firm is deploying a new set of storage devices that are faster, denser, and more energy efficient. 

Part 1: List and discuss the major risk management functions from a project management perspective for the new data storage project. (15 points)

Part 2: Describe a positive and a negative risk event, the related consequences, and the risk response plan for each of the two risks for the new data storage project. (5 points)

13. (TCO 9) Compare and contrast how a scope is created in traditional project management versus one created in agile project management.