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C) description and scope D) because control devices are left to project completion. Introduction To Management Quiz With Answers! Addictive behavior notwithstanding, this sad tale would never have happened had: B) alternative analysis. When work is organized into cost control accounts: A) due to time constraints. C) work packages In the closing process, we must 1) identify accounts for closing 2) record and post the closing entries, and 3) prepare a post-closing trial balance. B) all-inclusive contract. A) the organizational breakdown structure. The statement of work is a detailed narrative description of the work required for a project. B) Subdeliverables consume resources. C) problem clarification. C) WBS codes to each activity. A) go ahead. A) A project goal of "significantly increase computer performance" is better than "improve processing speed 20%" because the team may exceed 20%. D) level 4 codes to each package element. 2, Principle of Management Quiz 1 BBA II A (June 11, 2020), Does He Like Me? B) tasks C) should be subtracted directly from deliverable costs. I may have to rethink my priorities," Jake wondered aloud. A) project. a widely accepted method of measuring project performance and progress of actual cost against the budgeted / Plan cost earned value Ev earned value the total dollar budget of the work that has been completed planned value PV planned value the dollar value of all work schedule to have been completed to date actual cost AC actual cost d. The earned value system includes the time variable in measuring progress. A) a work package. C) finite elements. Which statement about conceptual development is best? Scope management for a project begins with: A) projects. C) " a documented dream." C) these are assigned to the units performing project activities. D) these budgets can then be assigned back to the project manager's department. C) Subdeliverables have direct assignable costs. We have other quizzes matching your interest. D) contractual obligations. The PMBoK definition stating, "a process that sets a project's scope by breaking down its overall mission into a cohesive set of synchronous, increasingly specific tasks," is for the: D) dissolution factors. C) scope baseline. D) slippages in time against planned measures. The cat-skinning project management team considers the many ways to accomplish their objective before settling on one technique as part of their: The reporting frequency, report recipients, and content required during project execution is laid out by: D) scope baseline. C) contracted terms. Earned Value provides answers to the following important questions: A. Which of these scope statement steps creates the all-important bureaucracy for a project? Expected commitments from other departments in support of the project would most likely be detailed in the: D) are not recoverable unless explicitly stated in the work breakdown structure. B) valid consideration. C) design controls been appropriately deployed. A) responsibility assignment matrix. C) team membership D) management plan. Which of these statements about subdeliverables is best? What are work breakdown structure elements that must be completed to conclude the project deliverables? B) an organization breakdown structure. C) resource requirements. D) scope expansion. A statement of work identifies: C) Scope management is accomplished in a single step by any one project team member. EAC. D) document control been conducted assiduously. D) work release. A testing plan would be outlined in which section of a statement of work? D) Subdeliverables summarize the outcomes of work packages. A) assign the duties of tracking costs to the customer's accounting function. C) earned value. Chapter 13 Flashcards | Quizlet A) how much money has actually been spent so far on the project. check all that apply. The highest level of work breakdown structure is the: The Scope Management chapter begins and ends with the quote, "It's a dream until you write it down. Scope management is the function controlling a project in terms of its goals and objectives during the execution phase. B) rules statement. Chapter 3 - Terms Flashcards | Quizlet A) the terms. sum of the costs incurred in accomplishing work. B) a brief and general description of the work to be performed. The scope baseline is a document that provides a summary description of each reporting relationship along with a schedule for meetings and reports. D) management plan. The new Magic Pan coming soon to your area usually serves 20,000 customers in the first year of operation. The costs attached to subdeliverables: The final step in the process of systematically laying out all pre-work information is the creation of the: C) the information system architecture. Crop Production and Management Class 8 MCQ Questions with Answers, FRM 188 (Range Management) Long Test No. Project team members can identify who should be notified of task completion status by checking the: B) constraints. A) product. C) trend monitoring. B) risks and concerns section of the SOW. They are temporary because the accounts . Integrated Management Of Childhood Illness (Imci) Quiz, Integrated Management of Childhood Illness (IMCI) Quiz. CV. B) slippages in performance measures for the work product. D) fair and unencumbered. D) turnkey contract. D) a configuration statement. A) bar codes to each activity. difference between the earned value and the baseline line to date. C) since micromanaging can occur. EARNED VALUE Flashcards | Quizlet B) termination of project information. D) work packages. C) time and material contract. C) statement of work. He also needed to ensure that the class was offered at the Edmond campus rather than Midwest City, so he could get home in time for his favorite programs. Ch 2 analyzing transactions Flashcards | Quizlet B) audit trail establishment. B) deliverables. C) Merrill report. Procedures that monitor emerging project scope against the original baseline scope are called: The key feature of the contractual documentation that specifies this functionality or criteria is the: A) scope statements." We have detected that Javascript is not enabled in your browser. D) a need-to-know basis. project management - earned value management Flashcards | Quizlet C) tangible. C) members of the project team. D) team dissolution. All projects are promised in terms of the specific functionality or performance criteria they will meet. A) work breakdown structure. D) work package report. B) work breakdown structure. B) design control. C) work authorization. The second level in work breakdown structure contains the: Chapter 4 E-commerce Quiz Multiple Choice, A chapter overview on Maths Mechanics-Moments. A) project goal criteria. D) task confusion. The dynamic nature of our site means that Javascript must be enabled to function properly. A) time. One consequence of conceptual development that proceeds with a problem that is poorly understood is: A) contractual requirements. Answer: TRUE Question 3 Question A comprehensive statement of work includes an estimate of time and costs, resource requirements, and the scope of the work to be performed. Earned value measures what work was accomplished for the time spent. The journal entry to record fees earned on account of $13,500 would include a debit to Accounts Receivable for $13,500 and a credit to Fees Earned for $13,500. B) scope reporting. A) umbrella contract. B) milestone designation chart. D) Cost-plus contracts are prone to budget overruns while turnkey contracts are typically overbid by the contractor. A) activities D) work package. "The work schedule and wrestling schedule are significant: A) bylaws. The description and scope section of a statement of work would contain statements regarding: Work authorization functions as the formal "It's OK to begin work," on the project. A) cost A) problems. A work package may consist of more than one milestone. A young professor becomes obsessed with the latest release of Halo and completely loses sight of his research commitment to his colleagues, falling hopelessly behind schedule and consuming 80% of the department's computing budget. A work package may be composed of one or more subdeliverables. A) problem restatement. D) alternative analysis step. B) valid consideration. A) project goal criteria. B) " a scope statement." B) amendments. C) project delivery. B) a project organization. What value of work should have been completed. In order to allocate costs more precisely, a company will assign: The mountaineers all agreed that their quest to build a bridge between the two peaks of Mount Kilimanjaro was a noble one, but they had no idea how long it would take to complete until they finished their: B) risks and concerns Which of these is NOT a typical element of a statement of work? D) goals.". B) It is vital that a best approach to solving a problem be locked in as soon as possible to save analysis time downstream. B) Project goals don't matter in scope management as long as the budget is not exceeded. Take This Quiz And Be 100% Sure. C) scope statement. A) the work no longer needs to be tracked by the project manager. D) milestones. SV. C) issue a preliminary TPS report. C) constraints." How much value have we realized so far. Construction plans include site selection, foundation, framing, finishing, egg-laying, and chicken acquisition. Then it's" C) deliverable statement. D) scope baseline. C) management plan. A) project plan. B) are called phantom costs. C) subdeliverable. A) approach section of the SOW. A) atoms. does the chicken acquisition come before the egg laying, etc., is the: A) are the summary of the work packages that support it. B) send off. Budget and schedule information for each activity in a project is contained in the: The lowest level in work breakdown structure contains the: C) work breakdown structure. D) approach. D) " a goal.". C) work breakdown structure. C. How much money has been spent to date to get the project where it is today. B) the work breakdown structure A) Subdeliverables have durations of their own. Please read our. D) document control. A) introduction and background D) technical performance. A) acceptance criteria When a supporting document functions as a project control device throughout the project's development, it is not prepared in advance: Until a project has gone through work breakdown structure, it is impossible to determine the relationships among the constituent activities. A comprehensive statement of work includes an estimate of time and costs, resource requirements, and the scope of the work to be performed. They include all income statement accounts, the dividends accounts, and the Income Summary account. D) work packages. D) Scope management can begin once a project hits operational level. An earned value report shows: An S-curve report does NOT contain information on: A) environmental risks. In the case of projects developed for external clients, work authorization typically addresses: B) need statement step. A) cost-plus contract. C) the scope baseline B) circumvent the onerous task of work breakdown structure. B) schedule C) reciprocity. B) cost overruns. Earned Value analysis was developed by the US Department of Transportation to dtermine the performance of large projects, What requirements must be in place for accurate Earned Value Management. A project manager can identify personnel who will be directly responsible for each task in the project's development by using a(n): C) subdeliverables. Which of the following is NOT a project goal criteria? Updates on how the project is performing against milestones can be accomplished by issuing a report containing: a. C) contracted terms. The section of the contractual documentation that identifies what are the excusable delays, allowable costs, and criteria for inspection is called the: Earned Value provides answers tothe followingimportant questions: True or False? D) monthly joint review report. B) as it is a dynamic document. D) the project goal criteria. D) work product. B) deliverable. A) " etched in stone." They accumulate data related to one accounting period. Answer T/F Answer: TRUE Question 4 Question Restrictions that affect project development are: B) management plan. D) timeline and milestones. A) project objectives. D) All of these are elements of a statement of work. Earned Value Management Quiz - ProProfs Quiz A) Scope management must take place during the conceptual development, full definition, execution, and termination phases. Project Mngt Chapter 5 | Quiz - GoConqr A) Cost-plus contracts are prone to budget overruns while turnkey contracts are typically underbid by the contractor. D) major milestones. estimated cost at completion. B. Earned Value Quiz for HD Supply FM IT Project Managers and Coordinators, What value of work should have been completed, How much money has been spent to date to get the project where it is today, Work measurement by work-hours, dollars, and units, Develop a realistic plan of the work scope, budget and schedule, Our project is behind by what dollar amount, worth of work?Hint: SV= BCWS-BCWP .Note: Please use powerpoint slide for info, This project has cost uswhat dollar amount, more than it should have?Hint: CV= ACWP-BCWP Note: Please use powerpoint slide for info. B) cost. D) define the work to be accomplished. C) expected benefits. C) a statement of goals. A) scope baseline. A project management firm that promises to do everything for a major project and hand over a fully functional, ready-to-use deliverable is performing under a(n): C) cost-plus contract. A) information on the key objectives for the project. Which pair of statements is best? You agree to pay $500 over whatever the materials and equipment rental cost for the job and delight in sipping lemonade in the shade watching your poor professor perform under a(n): B) management plan. B) Cost-plus contracts are prone to a budget surplus while turnkey contracts are typically underbid by the contractor. B) activities. D) resource requirements section of the SOW. B) the subdeliverables become cost centers instead of profit centers for the project. C) Cost-plus contracts are prone to a budget surplus while turnkey contracts are typically overbid by the contractor. B) trend monitoring been regularly performed. Organizational breakdown structure (OBS) allows companies to: C) expected project outcomes. Your professor moonlights to make ends meet during the summer months and has a knack for painting houses. D) fixed wage contract. B) alternatives." A) the management plan BAC. Check all that apply: What are the project manager initiatives to ensure proper Earned Value management: Earned Value Management is a methodology that measures the value of a project as dollars are spent. B) deliverable. Earned value measures what work was accomplished for the money spent. C) project objectives step. The exchange that is specified by the contractual documentation documents is: D) alternatives. B) work breakdown structure. Conceptual development for a project concludes with: A) budget linkage. A) configuration controls been established. A) configuration control. b. D) quality. A) information gathering step. D) review and approval gates. B) lump-sum contract. D. All the above. "Neither of these courses is very attractive. difference between the earned value and the actual costs for the work completed to date. the total budgeted cost of the baseline or project cost accounts. Which statement about scope management is best?

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