1. (TCO 1) Which step of the project life cycle creates the
project charter? (Points : 5)
Initiation
Planning
Monitoring and
control
Close out

Question 2. 2. (TCO 1) The purpose of a project charter is
to (Points : 5)
define the
project.
allow for the
creation of a WBS.
authorize the
project.
define detailed
project risks.

Question 3. 3. (TCO 2) Project deliverables are created in
the _____ , which is completed during the _____ phase of a project. (Points :
5)
charter;
execution
scope; planning
schedule;
planning
charter;
planning

Question 4. 4. (TCO 2) Which statement is an example of a
project constraint? (Points : 5)
If the parts
arrive late, we will not finish on time.
We must get
permits before we start work.
I believe the
contracts will be signed by the 15th.
The paving of
the parking lot is a major piece of work for this project.

Question 5. 5. (TCO 3) The amount of time an activity can be
delayed without impacting the end date of the project is known as what? (Points
: 5)
Project risk
Slack
Critical path
Early start

Question 6. 6. (TCO 3) What values are calculated on the
forward pass of a project network? (Points : 5)
Early start;
late start
Early start;
early finish
Late start;
late finish
Early finish;
late finish

Question 7. 7. (TCO 5) In which process of risk management
is the risk register initially created? (Points : 5)
Plan risk
management
Identify risks
Control risks
Qualitative
risk analysis

Question 8. 8. (TCO 5) A risk matrix is used to _____. A risk register is a _____. (Points : 5)
prioritize
risks; list of risks
identify risks;
way to categorize risks
create risk
strategies; way to monitor negative risks
simulate
project risks; way to categorize risks
Page 2
Question 1. 1. (TCO 1) Compare and contrast the project
charter and the project scope as used in project management. (Points : 20)

Question 2. 2. (TCO 2) You are reaching the end of your
graduate school program and are planning a large party to celebrate your
success! You have rented out the local forest preserve as the venue for your
party. Applying your project management skills, you want to ensure you have
everything planned out and youve asked your family and friends to be a part of
your team to hold this party. At your party, you have made it clear to your
team what you want to have delivered. After all, its your party you can have
whatever you want! Some of the key items you want at your party include

graduation
announcements;
party
invitations;
live
entertainment;
games (for
adults and for children);
food;
beverages;
and
convenience
for all (parking, restroom facilities, etc.).

Part 1: To ensure you have a clear scope for your team,
create a 2-level WBS. Dont forget to include your WBS numbering (15 points).

Part 2: In your WBS, how many work packages have been
created? (5 points) (Points : 20)

Question 3. 3. (TCO 3) Compare and contrast crashing and
fast tracking as a means of schedule compression. (Points : 20)

Question 4. 4. (TCO 5) A firm hosts data-mining servers and
performs data mining for other companies that do not desire the costs of
hardware, software, or expertise to data mine their data. The firm is planning
to roll out faster data-mining software that will reduce the time to sift
through customers’ data by a fraction of the present time.

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

Part 2: Describe a positive and negative risk event, the
consequences, and the risk-response plans for the data-mining software project.
(15 points) (Points : 20)

Question 5. 5. (TCO 9) Compare and contrast the development
of a WBS in traditional project management versus development in an agile
environment. (Points : 20)

1. (TCO 1) Which step of the project life cycle creates the
project charter? (Points : 5) Initiation Planning Monitoring and
control Close outQuestion 2. 2. (TCO 1) The purpose of a project charter is
to (Points : 5) define the
project. allow for the
creation of a WBS. authorize the
project. define detailed
project risks.Question 3. 3. (TCO 2) Project deliverables are created in
the _____ , which is completed during the _____ phase of a project. (Points :
5) charter;
execution scope; planning schedule;
planning charter;
planningQuestion 4. 4. (TCO 2) Which statement is an example of a
project constraint? (Points : 5) If the parts
arrive late, we will not finish on time. We must get
permits before we start work. I believe the
contracts will be signed by the 15th. The paving of
the parking lot is a major piece of work for this project.Question 5. 5. (TCO 3) The amount of time an activity can be
delayed without impacting the end date of the project is known as what? (Points
: 5) Project risk Slack Critical path Early startQuestion 6. 6. (TCO 3) What values are calculated on the
forward pass of a project network? (Points : 5) Early start;
late start Early start;
early finish Late start;
late finish Early finish;
late finishQuestion 7. 7. (TCO 5) In which process of risk management
is the risk register initially created? (Points : 5) Plan risk
management Identify risks Control risks Qualitative
risk analysisQuestion 8. 8. (TCO 5) A risk matrix is used to _____. A risk register is a _____. (Points : 5) prioritize
risks; list of risks identify risks;
way to categorize risks create risk
strategies; way to monitor negative risks simulate
project risks; way to categorize risksPage 2Question 1. 1. (TCO 1) Compare and contrast the project
charter and the project scope as used in project management. (Points : 20) Question 2. 2. (TCO 2) You are reaching the end of your
graduate school program and are planning a large party to celebrate your
success! You have rented out the local forest preserve as the venue for your
party. Applying your project management skills, you want to ensure you have
everything planned out and youve asked your family and friends to be a part of
your team to hold this party. At your party, you have made it clear to your
team what you want to have delivered. After all, its your party you can have
whatever you want! Some of the key items you want at your party include graduation
announcements; party
invitations; live
entertainment; games (for
adults and for children); food; beverages;
and convenience
for all (parking, restroom facilities, etc.).Part 1: To ensure you have a clear scope for your team,
create a 2-level WBS. Dont forget to include your WBS numbering (15 points).Part 2: In your WBS, how many work packages have been
created? (5 points) (Points : 20) Question 3. 3. (TCO 3) Compare and contrast crashing and
fast tracking as a means of schedule compression. (Points : 20) Question 4. 4. (TCO 5) A firm hosts data-mining servers and
performs data mining for other companies that do not desire the costs of
hardware, software, or expertise to data mine their data. The firm is planning
to roll out faster data-mining software that will reduce the time to sift
through customers’ data by a fraction of the present time.Part 1: List and discuss the major risk management functions
from a project management perspective for the data-mining software project. (15
points)Part 2: Describe a positive and negative risk event, the
consequences, and the risk-response plans for the data-mining software project.
(15 points) (Points : 20) Question 5. 5. (TCO 9) Compare and contrast the development
of a WBS in traditional project management versus development in an agile
environment. (Points : 20)