Engineering Project Management Risk Quality Team Procurement Answer Of Coursera Quiz. In this post you will get Correct Quiz & Assignment Answer

 

Engineering Project Management Risk Quality Team Procurement

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Week- 1

Reflection

 

1.
Question 1
Think about a project that you worked on where risks were identified. What did you do to mitigate the risks? Now that you’ve been through this module, would you have handled the situation differently? How so?

1 point
What do you think?

Yes, I would have handled the situation in a simple way

Module 1 Quiz

1.
Question 1
The objectives of project risk management are to decrease the likelihood of positive events and increase the probability of negative events. ( ↓ likelihood of + events and ↑ probability of – events)

1 point

  • True
  • False

2.
Question 2
Which is not a type of Risk Analysis?

1 point

  • Cost Risks
  • Cost Estimate Contingency
  • Schedule Contingency

3.
Question 3
What is a key input to the Risk Management Plan?

1 point

  • Project Management Plan
  • Stakeholder Register
  • Organizational Process Assets
  • All of the above

4.
Question 4
When identifying risks, who should you not include in your interviews?

1 point

  • Yourself
  • Subject Matter Experts
  • Risk Managers

5.
Question 5
Which is not a process included in the qualitative analysis used to prioritize risks?

1 point

  • Identify the likelihood the event will occur
  • Measure the impact of the event
  • Create a project rating
  • Sort risks in priority ranking based on the severity

6.
Question 6
A likelihood rating of 5 (nearly certain) has what probability of occurring?

1 point

  • >90%
  • >85%
  • >80%

7.
Question 7
Transfer strategies move the risk to _____ who is better equipped to handle it.

1 point

  • Your boss
  • A third party
  • The project manager

8.
Question 8
Which is not one of the four strategies for positive risks or opportunities?

1 point

  • Transfer
  • Exploit
  • Enhance
  • Share

9.
Question 9
Monitor Risks include:

1 point

  • Risk Reassessment
  • Risk Audits
  • Reserve Analysis
  • All of the above

 

 

Peer-graded Assignment: Risk Analysis Assignment

Download

 

 

 

Week- 2

Reflection

1.
Question 1
For your industry, what are the key deliverables? For what parts of those deliverables is it critical to do quality checks and what is the best methodology for checking them?

1 point
What do you think?

To ensure a good partner

 

 

Module 2 Quiz

 

1.
Question 1
Who is responsible for quality?

1 point

All of the below

All members of the team

Ultimate responsibility lies with management

2.
Question 2
Why is quality important to a Project Manager?

1 point

Decreases customer satisfaction

Increases costs

Helps brand

3.
Question 3
What is included in a quality management plan?

1 point

Scope baseline

Schedule baseline

Cost baseline

All of the above

4.
Question 4
Cost quality is a way to compare planned preventive costs with possible corrective costs indicating the total quality cost of a project.

1 point

True

False

5.
Question 5
Which is not included as a cost associated with quality?

1 point

Successes

Prevention

Appraisal

6.
Question 6
How do you identify risks to your project or its quality?

1 point

Use tools to help identify potential risks after they happen

Use tools to help identify potential risks before they happen

Use tools to help identify potential risks while they are happening

7.
Question 7
Quality assurance ensures that there is confidence that the product will meet the agreed upon standards and requirements.

1 point

True

False

8.
Question 8
Process decision program charts help….

1 point

Analyze data within a project

Decompose the project to help identify dependencies

In contingency planning

9.
Question 9
What is used to complete quality controls in order to ensure that you are meeting your agreed upon goals for quality?

1 point

Cost Audit

Risk Audit

Quality Audit

 

 

 

Peer-graded Assignment: Cost of Quality Assignment

 

Download

 

 

 

Week- 3

Reflection

 

1.
Question 1
A project Dream Team. What would that look like for you? What type of skills, personalities, and character traits would you want for your team? Tell us about your ideal team!

1 point
What do you think?

The team must be best in all terms

 

 

Module 3 Quiz

 

1.
Question 1
What is an example of an external factor that should be considered while building the team?

1 point

Processes

Policies

Availability

2.
Question 2
Which of these are true regarding Virtual Teams?

1 point

Virtual teams are generally less diverse and have less overall expertise

Virtual teams can save money

Virtual teams are ideal when necessary team members aren’t geographically co-located or available

Communication in virtual teams is easier

3.
Question 3
What does the actual management of the team not include?

1 point

Tracking performance

Providing feedback

Resolving issues

Expecting perfect performance

4.
Question 4
Which of these is the correct order of the stages of team development?

1 point

Forming, Storming, Norming, Performing, Adjourning

Norming, Forming, Storming, Performing, Adjourning

Forming, Storming, Performing, Norming, Adjourning

5.
Question 5
For each unique project, the PM should take into account the following when determining resources suited for the project: diversity, location, industry-specific resources, acquisition of team members, management of the team, and life cycle approaches

1 point

True

False

6.
Question 6
What can you do as the PM to make the team more effective?

1 point

Team-building activities

Team training

Interpersonal communication

All of the above

7.
Question 7
Budget, time, contracts, other projects, etc. are constraints that may impact the project and team.

1 point

True

False

8.
Question 8
What methods should be used to track resources and outcomes of a project?

1 point

Resource Management Plan

Schedule Baseline

Cost Baseline

All of the above

9.
Question 9
Managing the team may be challenging especially when there is conflict or unforeseen challenges facing the team.

1 point

True

False

10.
Question 10
Which is not an output due to effective management?

1 point

Updated documents

Change requests

Leaving internal processes the same

 

 

Week- 4

Reflection

1.
Question 1
What are your thoughts on incentive-based contracts? Do you see them being effective in your area of work? When and how would you use them?

1 point
What do you think?

I use in some area of work

 

 

Module 4 Quiz

 

1.
Question 1
Which is a part of the Project Procurement Management Process?

1 point

Initiating and Planning

Executing

Monitoring and Controlling

All of the above

2.
Question 2
The seller of the goods, services, or results will typically treat the procurement event as a(n) _____.

1 point

Event

Project

Transaction

3.
Question 3
Consider buying when:

1 point

The organization has the capability to perform the Work

Suppliers have greater expertise

Its more cost effective to do the work internally

All of the above

4.
Question 4
What is the most commonly used Fixed Price Contract?

1 point

Fixed Price with Economic Price Adjustment

Fixed Price Incentive Fee

Firm Fixed Price Contracts

5.
Question 5
A time and material contract can resemble a fixed fee contract by using what?

1 point

Fixed fee

Unit rate prices

Sliding fee

6.
Question 6
What is included in the Procurement Statement of Work?

1 point

Quality requirements

Performance data

Work locations

All of the above

7.
Question 7
Source Selection Criteria are set as part of the Procurement Plan to rate or score proposals.

1 point

True

False

8.
Question 8
What is included in the Agreement Contents?

1 point

Statement of Work

Payment Terms

Change Request Handling

All of the above

9.
Question 9
Which is a part of a close procurement?

1 point

Procurement Performance Reviews

Payment Systems

Lessons Learned Documentation

 

 

Course 3 Final Exam

 

1.
Question 1
What is project quality management?

1 point

The processes or activities an organization takes to identify quality requirements.

The processes or activities an organization takes to identify quality requirements and how they meet those qualifications or standards fulfilling stakeholder needs.

How an organization meets qualifications or standards in order to fulfill stakeholder needs.

2.
Question 2
Consider buying when…

1 point

The organization has the capability to perform the work.

It’s more cost effective to do the work internally

Suppliers have greater expertise

All of the above

3.
Question 3
How do you identify risks to your project or its quality?

1 point

Use tools to help identify potential risks before they happen.

Use tools to help identify potential risks after they happen.

Use tools to help identify potential risks while they are happening.

4.
Question 4
Which is not a process included in the qualitative analysis used to prioritize risks?

1 point

Identify the likelihood the event will occur

Measure the impact of the event

Sort risks in priority ranking based on the severity

Create a project rating

5.
Question 5
A quality plan that is properly implemented prevents issues and _____ the number of identified problems during final inspection.

1 point

Decreases

Increases

Cancels out

6.
Question 6
The level of risk depends on…

1 point

Likelihood and Severity

Likelihood and Cost

Severity and Cost

7.
Question 7
Which is a part of the Project Procurement Management Process?

1 point

Initiating and Planning

Executing

Monitoring and Controlling

All of the above

8.
Question 8
The objectives of project risk management are to decrease the likelihood of positive events and increase the probability of negative events.

1 point

True

False

9.
Question 9
Transfer strategies move the risk to _____ who is better equipped to handle it.

1 point

Your boss

The project manager

A third party

10.
Question 10
Managing and leading a project means that you must not only manage the execution of the _____, but the management of the _____ as well.

1 point

Project, yourself

Team, yourself

Project, team

11.
Question 11
What is used to complete quality controls in order to ensure that you are meeting your agreed upon goals for quality?

1 point

Cost Audit

Quality Audit

Risk Audit

12.
Question 12
What does the actual management of the team not include?

1 point

Expecting perfect performance

Tracking performance

Providing feedback

Resolving issues

13.
Question 13
Budget, time, contracts, other projects, etc. are constraints that may impact the project and team.

1 point

True

False

14.
Question 14
Which is not an output due to effective management?

1 point

Updated documents

Leaving internal processes the same

Change requests

15.
Question 15
A Risk Management Plan…

1 point

Documents how to conduct the risk management activities.

Aligns the project risk approach with the risk profile of the organization.

Communicates the project risk approach to the stakeholders and helps to gain support.

All of the above

16.
Question 16
A time and material contract can resemble a cost-reimbursable contract by using what?

1 point

Fixed fee

Sliding fee

Unit rate prices

17.
Question 17
What is included in a quality management plan?

1 point

Scope baseline

Schedule baseline

Cost baseline

All of the above

18.
Question 18
Which is a part of a control procurement?

1 point

Acceptance of Final Documentation

Lessons Learned Documentation

Procurement Performance Reviews

19.
Question 19
The seller of the goods, services, or results will typically treat the procurement event as a(n) _____ .

1 point

Project

Event

Transaction

20.
Question 20
Which of these is the correct order of the stages of team development?

1 point

Norming, Forming, Storming, Performing, Adjourning

Forming, Storming, Norming, Performing, Adjourning

Forming, Storming, Performing, Norming, Adjourning

21.
Question 21
What is the most commonly used Fixed Price Contract?

1 point

Firm Fixed Price Contracts

Fixed Price with Economic Price Adjustment

Fixed Price Incentive Fee

22.
Question 22
What is a key input to the Risk Management Plan?

1 point

Project Management Plan

Stakeholder Register

Organizational Process Assets

All of the above

23.
Question 23
What is included in the Procurement Statement of Work?

1 point

Quality requirements

Performance data

Work locations

All of the above

24.
Question 24
What does quality assurance not include?

1 point

Inspection of the process and continuous process improvement

Uses tools to identify whether or not the project is meeting agreed upon quality standards

Is often overseen by the project manager

25.
Question 25
What can you do as the PM to make the team more effective?

1 point

Team-building Activities

Interpersonal Communication

Team Training

All of the above

 

 

 

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