A) scope baseline. C) resource requirements. C) work authorization. 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: A) Scope management must take place during the conceptual development, full definition, execution, and termination phases. Which statement about conceptual development is best? C) scope statement. C) a statement of goals. D) milestones. D) work packages. 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. A) acceptance criteria D. All the above. B) circumvent the onerous task of work breakdown structure. Procedures that monitor emerging project scope against the original baseline scope are called: C) scope baseline. B) deliverables. Scope management is the function controlling a project in terms of its goals and objectives during the execution phase. A) product. B) lump-sum contract. D) technical performance. B) work breakdown structure. The cat-skinning project management team considers the many ways to accomplish their objective before settling on one technique as part of their: C) Merrill report. A) due to time constraints. Earned Value provides answers tothe followingimportant questions: True or False? BAC. Which of the following is NOT a project goal criteria? A) configuration control. B) cost overruns. The second level in work breakdown structure contains the: A) information gathering step. 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. A) Subdeliverables have durations of their own. A) S-curves. A work package may be composed of one or more subdeliverables. B) valid consideration. A) assign the duties of tracking costs to the customer's accounting function. C) deliverable statement. D) approach. A) problem restatement. B) schedule status. 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. A) information on the key objectives for the project. A) project goal criteria. We have detected that Javascript is not enabled in your browser. B) It is vital that a best approach to solving a problem be locked in as soon as possible to save analysis time downstream. A) atoms. A lump-sum contract requires the customer to pay for the full delivered price of the project before any work is done. A) projects. A comprehensive statement of work includes an estimate of time and costs, resource requirements, and the scope of the work to be performed. 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) the subdeliverables become cost centers instead of profit centers for the project. D) major milestones. I may have to rethink my priorities," Jake wondered aloud. D) document control been conducted assiduously. Scope management for a project begins with: A) the work no longer needs to be tracked by the project manager. b. C) expected project outcomes. D) define the work to be accomplished. 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. A) project goal criteria. 2, Principle of Management Quiz 1 BBA II A (June 11, 2020), Does He Like Me? CV. The lowest level in work breakdown structure contains the: D) Cost-plus contracts are prone to budget overruns while turnkey contracts are typically overbid by the contractor. Crop Production and Management Class 8 MCQ Questions with Answers, FRM 188 (Range Management) Long Test No. C) work packages C) finite elements. A) time. The reporting frequency, report recipients, and content required during project execution is laid out by: An S-curve report does NOT contain information on: B) work breakdown structure. The step that reflects the formal "go ahead" given to the project to commence once the scope definition, planning documents, and other contractual documents have been prepared and approved is the: B) activity codes to each subdeliverable. C) work breakdown structure. Chapter 4 E-commerce Quiz Multiple Choice, A chapter overview on Maths Mechanics-Moments. A work package may consist of more than one milestone. A) budget linkage. The section of the contractual documentation that identifies what are the excusable delays, allowable costs, and criteria for inspection is called the: Which of these is NOT a typical element of a statement of work? The scope baseline is a document that provides a summary description of each reporting relationship along with a schedule for meetings and reports. D) limitations. The dynamic nature of our site means that Javascript must be enabled to function properly. B) as it is a dynamic document. 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): A) configuration controls been established. D) a need-to-know basis. D) contractual obligations. B) work breakdown structure. Until a project has gone through work breakdown structure, it is impossible to determine the relationships among the constituent activities. 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: C) tangible. C) issue a preliminary TPS report. A) responsibility assignment matrix. B) valid consideration. C) problem clarification. D) fair and unencumbered. B) alternatives." Restrictions that affect project development are: B) deliverable. A) " etched in stone." The costs attached to subdeliverables: C) contracted terms. difference between the earned value and the actual costs for the work completed to date. D) work package report. B) rules statement. C) should be subtracted directly from deliverable costs. 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. B) constraints. B) management plan. A) introduction and background A project manager can identify personnel who will be directly responsible for each task in the project's development by using a(n): D) review and approval gates. What value of work should have been completed. D) monthly joint review report. A) are the summary of the work packages that support it. D) timeline and milestones. D) quality. SV. The exchange that is specified by the contractual documentation documents is: B) slippages in performance measures for the work product. B) linear responsibility chart. Updates on how the project is performing against milestones can be accomplished by issuing a report containing: C) statement of work. D) " a goal.". A) project. An earned value report shows: Construction plans include site selection, foundation, framing, finishing, egg-laying, and chicken acquisition. C) budget. Introduction To Management Quiz With Answers! EAC. Earned value measures what work was accomplished for the time spent. B) milestone designation chart. A) environmental risks. Integrated Management Of Childhood Illness (Imci) Quiz, Integrated Management of Childhood Illness (IMCI) Quiz. A) scope statements." "The work schedule and wrestling schedule are significant: C) work breakdown structure. C) acceptance criteria section of the SOW. A) problems. D) alternatives. a. B) the work breakdown structure d. The earned value system includes the time variable in measuring progress. Earned value measures what work was accomplished for the money spent. D) scope baseline. A) the organizational breakdown structure. C) contracted terms. C) Subdeliverables have direct assignable costs. D) document control. D) scope baseline. A) bar codes to each activity. A) how much money has actually been spent so far on the project. D) contractual performance. D) project goal criteria. When work is organized into cost control accounts: B) scope reporting. D) a configuration statement. C) Conceptual development begins with the process of reducing the project's overall complexity to a more basic level. D) Project goals should be optimistic to the point of excess. D) management plan. A) cost-plus contract. They accumulate data related to one accounting period. 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. B) management plan. C) project objectives step. B) alternative analysis. B) risks and concerns B) design control. Conceptual development for a project concludes with: The Scope Management chapter begins and ends with the quote, "It's a dream until you write it down. C) trend monitoring. The new Magic Pan coming soon to your area usually serves 20,000 customers in the first year of operation. A) project goal criteria. A) cost Budget and schedule information for each activity in a project is contained in the: C) cost-plus contract. 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. does the chicken acquisition come before the egg laying, etc., is the: The final step in the process of systematically laying out all pre-work information is the creation of the: Which pair of statements is best? The T account for Unearned Rent appeared as follows after posting from the journal: C) earned value. C) project delivery. A) control account. Which of these scope statement steps creates the all-important bureaucracy for a project? B) Project goals don't matter in scope management as long as the budget is not exceeded. Expected commitments from other departments in support of the project would most likely be detailed in the: A) the terms. D) turnkey contract. C) technical description of the project D) work release. The scope statement step that determines relationships among these steps, e.g. D) Subdeliverables summarize the outcomes of work packages.