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Engineering Project Management Scope Time and Cost Management Answer

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Week- 1

Reflection

 

1.
Question 1
Talk about a project that you’ve worked on that was affected by scope creep. Based on what you’ve learned so far in the course, what are some things you could have done to keep the project in scope?

1 point
What do you think?

To use the time in proper way.

 

Module 1 Quiz

1.
Question 1
Project Scope Management is defined as…

1 point

  • The processes required to ensure that the project includes all the work and all the potential additions of work required to complete the project successfully.
  • The processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.
  • The processes required to ensure that the project includes the vague idea of work required to complete the project successfully.

2.
Question 2
What is a key benefit of a Scope Management Plan?

1 point

  • A Scope Management Plan provides direction on how scope will be managed throughout the project.
  • A Scope Management Plan provides guidance on how scope will be managed throughout the project.
  • A Scope Management Plan provides guidance and direction on how scope will be managed throughout the project.

3.
Question 3
Which is a component of the Scope Management Plan?

1 point

  • Preparing a detailed project scope statement
  • Creating the work breakdown structure
  • Establishing how the WBS will be maintained and approved
  • All of the above

4.
Question 4
Who is responsible for choosing the most effective relationship for the project and documents this approach in the requirements management plan?

1 point

  • Project Manager
  • CEO of the company
  • Entry-level worker

5.
Question 5
Collect requirements is the process of determining, documenting, and managing stakeholder needs and requirements to meet project objectives.

1 point

  • True
  • False

6.
Question 6
Requirements become the foundation of the WBS, which helps determine what?

1 point

  • Schedule
  • Quality Planning
  • Cost
  • All of the above

7.
Question 7
What is the purpose of a requirements traceability matrix

1 point

  • The requirements traceability matrix helps to ensure that each requirement adds structure to the project.
  • The requirements traceability matrix helps to ensure that each requirement adds business value by linking it to the business and project objectives.
  • The requirements traceability matrix helps to ensure that each requirement is agreed upon by all members of the project and stakeholders.

8.
Question 8
Scope is defined as…

1 point

  • The boundaries of the project location
  • The market where the product will be sold
  • The process of developing a detailed description of the project and product

9.
Question 9
Unlike the project charter, which contains a detailed description of the scope elements, the project scope statement contains high-level information.

1 point

  • True
  • False

10.
Question 10
What is the benefit of a Control Scope?

1 point

  • Allows the scope baseline to be maintained throughout the project Quality Planning
  • Ensures that all requested changes are processed
  • Can be used to manage the actual changes when they occur and is integrated with other control processes
  • All of the above

 

 

Peer-graded Assignment: Project Scope Statement

 

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Week- 2

Reflection

 

1.
Question 1
Reflect on the Electric Car Case. Discuss all the different ways you see to build the WBS. Then, decide which one you would choose as Project Manager for the project and explain your reasoning.

1 point
What do you think?

I choose electric car

 

Module 2 Quiz

 

1.
Question 1
What is the key benefit of a Work Breakdown Structure?

1 point

Process provides a structured version of what has to be delivered

Process provides a loose version of what may be delivered

Process provides a structured version of what has to be delivered plus additional add-on deliverables

2.
Question 2
“Work” refers to the work products or deliverables that are the result of activity, but does not refer to the activity itself.

1 point

True

False

3.
Question 3
The level of detail for work packages does not vary with what?

1 point

Size of project

Complexity of project

Name of project

4.
Question 4
What is the technique called that is used for dividing and subdividing the project scope and project deliverables into smaller, more manageable parts?

1 point

Composition

Decomposition

“Dividing Up”

5.
Question 5
What is often used to analyze the information needed to decompose the project deliverables down into smaller component parts?

1 point

Collaborative Judgement

Quality Judgment

Expert Judgement

6.
Question 6
What approach can be used to create a WBS structure?

1 point

Phases

Major Deliverables

Subcomponents

All of the above

7.
Question 7
The 100 percent rule is the total of the work at the highest levels should roll down to the lower levels so that nothing is left out and no extra work is performed.

1 point

True

False

8.
Question 8
A control count is a management control point where the project is analyzed against which parameters to determine if the project is on track?

1 point

Scope

Budget

Schedule

All of the above

9.
Question 9
What is a WBS Dictionary?

1 point

A document that provides detailed deliverables about each component in the WBS.

 

A document that provides scheduling information about each component in the WBS.

 

A document that provides detailed deliverable, activity, and scheduling information about each component in the WBS.

10.
Question 10
How many work packages should be identified in your WBS?

1 point

100-200

200-300

250-350

 

 

Peer-graded Assignment: WBS Assignment

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Week- 3

Reflection

1.
Question 1
Think about a project and a project schedule that you put together. What sort of issues arose that created time delays? Were there ways to predict them? Now that you’ve experienced them, are there ways that you can use what you’ve learned in planning other projects?

1 point
What do you think?

We should know how to manage time

 

 

Module 3 Quiz

 

1.
Question 1
Plan Schedule Management is defined as…

1 point

The process of establishing policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule.

 

The process of establishing policies for planning, developing, managing, executing, and controlling the project schedule.

 

The process of establishing policies, procedures, and documentation for controlling the project schedule.

2.
Question 2
What influences the schedule management plan?

1 point

Existing schedule control policies and procedures

Project management software scheduling tools

Organizational work authorization systems

All of the above

3.
Question 3
Which is not a schedule management tool and technique?

1 point

Expert Judgement

Council

Analytical Techniques

Meetings

4.
Question 4
The final schedule management plan can be formal or informal, highly detailed or broadly framed, depending on the ______ of the project.

1 point

Size

Location

Needs

5.
Question 5
The key benefit of Sequence Activities is that it defines the logical sequence of the work to obtain the lowest efficiency given all project constraints.

1 point

True

False

6.
Question 6
Which is not a technique for sequencing activities?

1 point

Precedence Diagramming Model (PDM)

Dependency Determination

Independent Determination

Leads and Lags

7.
Question 7
The critical path method calculates early and late start and finish dates for all activities without regard for any resource limitations by performing a forward and backward pass analysis through the schedule network.

1 point

True

False

8.
Question 8
What is Slack/Float in Project Management?

1 point

Maximum amount of time a task may be delayed beyond its late start without delaying project completion.

Maximum amount of time a task may be delayed beyond its early start without delaying project completion.

Maximum amount of time the critical path may be delayed beyond its early finish date without delaying project completion

9.
Question 9
Schedule control is concerned with:

1 point

Determining the current status of the project schedule and if it has changes

Managing changes

Retrospective Reviews

All of the above

10.
Question 10
Which is not a tool or technique used for schedule control?

1 point

Performance Reviews

Scope

Scheduling Tool

 

Peer-graded Assignment: Project Schedule Assignment

1- Download

 

2- Download

Week- 4

Reflection

 

1.
Question 1
Think about a project that you’ve worked on. How did the estimates effect the project? Were they good or bad? What kinds of issues came up as a result of the estimates? Have you learned any strategies that could have made things run more smoothly?

1 point
What do you think?

They were good

 

 

Module 4 Quiz

 

1.
Question 1
What is the key benefit of a cost estimation?

1 point

It determines the amount of cost required to complete one project activity.

 

It determines the amount of cost required to charge for the project.

 

It determines the amount of cost required to complete project activities.

2.
Question 2
Which type of estimate is the most reliable when previous projects were similar in fact, not just appearance?

1 point

Analogous

Parametric

Three-point

3.
Question 3
What performance parameters do parametric models take into account?

1 point

Size

Volume

Power Requirements

All of the above

4.
Question 4
Bottom-up Estimating is a method for estimating the cost of a project based on the estimated cost of its component costs. The cost of individual work packages are estimated and the detailed costs are summarized or “rolled up” to higher levels.

1 point

True

False

5.
Question 5
Which is not one of the variables used in a three-point estimate?

1 point

Optimistic (cO)

Least Likely (cL)

Pessimistic (cP)

6.
Question 6
Which is a type of budgetary item used in a reserve analysis?

1 point

Contingency Reserves

Management Reserves

All of the above

None of the above

7.
Question 7
Which is a type of cost that is used for cost of conformance?

1 point

Internal Failure Costs

Appraisal Costs

External Failure Costs

8.
Question 8
In the basic formula for a capacity factored estimate, which does the C variable stand for?

1 point

Capacity of new unit

Capacity of existing unit

Purchased cost of existing unit

All of the above

9.
Question 9
What does the budget account for?

1 point

All the money spent on a project

All the money that could be spent on a project

Made up of smaller subaccounts

All of the above

10.
Question 10
What is not included in a budget?

1 point

True cost of project

Contingencies

Reserves

 

 

Peer-graded Assignment: Project Cost Assignment

 

Download

 

 

 

Week- 5

Reflection

 

1.
Question 1
Think about projects where you’ve had difficulties. How could you use tools from this course to identify problems and then correct them?

1 point
What do you think?

I will time reduction to solve my problems.

 

 

Module 5 Quiz

1.
Question 1
What do you do to figure out if the project is on budget and schedule?

1 point

Look at the weekly project memo

Perform an Earned Value Calculation

Ask your co-worker

2.
Question 2
A performance measurement baseline is established using what other baselines?

1 point

Scope baseline

Cost baseline

Schedule baseline

All of the above

3.
Question 3
What should NOT be considered when determining the level of management control for Earned Value Management?

1 point

Package activities are grouped in one WBS area

Each package should have a single owner

Estimated time for each package is accurate

Defined scope definition with clear boundaries for each package

4.
Question 4
Which is not a measurement used to assess project performance and progress when using Earned Value Management:?

1 point

Project Scope

Project Type

Project Schedule

Project Resources

5.
Question 5
What is the name of the total planned value of a project?

1 point

Budget at Completion

Earned Value

Planned Value

6.
Question 6
There is an upper limit to actual cost.

1 point

True

False

7.
Question 7
What are the types of progress used to track a project’s budget and schedule?

1 point

Over and under

On and off

On, over, and under

8.
Question 8
What is the expression for cost variance?

1 point

The difference between earned value and planned value.

The difference between planned value and actual cost.

The difference between earned value and actual cost.

9.
Question 9
What is the expression used to find the schedule performance index?

1 point

SPI = EV / PV

SPI = EV + PV

SPI = EV – PV

10.
Question 10
The cost performance index (CPI) is a measure of the cost efficiency of budgeted resources, expressed as a ration of earned value to actual cost.

1 point

True

False

 

 

Peer-graded Assignment: Calculate Earned Value Assignment

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Week- 6

Course 2 Final Exam

 

1.
Question 1
Project Scope Management is defined as…

1 point

The processes required to ensure that the project includes all the work and all the potential additions of work required to complete the project successfully.

The processes required to ensure that the project includes the vague idea of work required to complete the project successfully.

The processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.

2.
Question 2
What is the definition of Earned Value Management?

1 point

An approach that combines the schedule and cost baseline into a project performance and progress measurement tool.

An approach that combines the scope and cost baseline into a project performance and progress measurement tool.

An approach that combines the scope, schedule, and cost baseline into a project performance and progress measurement tool.

3.
Question 3
Which is a key requirement or deliverable needed to be collected and analyzed to complete the project scope?

1 point

Project Charter

Stakeholders

Prototypes

All of the above

4.
Question 4
What is often used to analyze the information needed to decompose the project deliverables down into smaller component parts?

1 point

Expert Judgement

Collaborative Judgement

Quality Judgement

5.
Question 5
What is the benefit of a Control Scope?

1 point

Allows the scope baseline to be maintained throughout the project Quality Planning

Ensures that all requested changes are processed

Can be used to manage the actual changes when they occur and is integrated with other control processes

All of the above

6.
Question 6
What is a Work Breakdown Structure?

1 point

A breakdown of a project into different parts that defines the scope of the project.

A hierarchical breakdown of a project into pieces, the smallest of which is called a piece package and defines the scope of the project.

A hierarchical breakdown of a project into manageable pieces, the smallest of which is called a work package, and defines the scope of the project.

7.
Question 7
Work packages are assigned to whom?

1 point

A group who is accountable for that package

An individual who is accountable for the package

The entire project team who is accountable for that package

8.
Question 8
Plan Schedule Management is defined as…

1 point

The process of establishing policies for planning, developing, managing, executing, and controlling the project schedule.

The process of establishing policies, procedures, and documentation for controlling the project schedule.

The process of establishing policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule.

9.
Question 9
Slack/Float is the maximum amount of time a task may be delayed beyond its early start without delaying project completion. Slack is should be estimated in what context?

1 point

An estimate’s preparation should be run like one task.

An estimate should match the Project WBS to facilitate the preparation of the Cost Baseline and Project Control.

An estimate is the most meaningful when it is by itself and should not be placed in context with the other baseline elements.

All of the above

10.
Question 10
Which is not a tool or technique used for schedule control?

1 point

Scope

Performance Reviews

Scheduling Tool

11.
Question 11
The Critical Path is the ______ path through a project that completes all required components.

1 point

Shortest

Middle

Longest

12.
Question 12
Contingency is the allocation of resources to cover assessed risk elements or a special monetary provision in the Project Budget and Indicated Total Cost to cover uncertainties or unforeseeable elements of time and/or cost within the specified scope of work and services control.

1 point

True

False

13.
Question 13
What is not included in a budget?

1 point

Contingencies

True cost of project

Reserves

14.
Question 14
A key element of successful project execution is making sure that all of the requirements are well understood by all.

1 point

True

False

15.
Question 15
What is the key benefit of a cost estimation?

1 point

It determines the amount of cost required to complete one project activity.

It determines the amount of cost required to charge for the project.

It determines the amount of cost required to complete project activities.

16.
Question 16
What is involved in a Control Schedule?

1 point

Quickly identifies deviations from the schedule and plan

Typically, done by measuring the current work by the work estimates based on time.

May require re-prioritization and change

All of the above

17.
Question 17
Which is not a type of schedule indices?

1 point

Cost Performance Index

Schedule Performance Index

Schedule Variance

18.
Question 18
The final schedule management plan can be formal or informal, highly detailed or broadly framed, depending on the _____ of the project.

1 point

Size

Needs

Location

19.
Question 19
The longer you wait to recognize an issue, the harder it will be to impact the outcome.

1 point

True

False

20.
Question 20
The cost performance index (CPI) is a measure of the cost efficiency of budgeted resources, expressed as a ration of earned value to actual cost.

1 point

True

False

21.
Question 21
What do you do to figure out if the project is on budget and schedule?

1 point

Look at the weekly project memo

Ask your co-worker

Perform an Earned Value Calculation

22.
Question 22
What is the name of the total planned value of a project?

1 point

Earned Value

Budget at Completion

Planned Value

23.
Question 23
What is a key benefit of a Scope Management Plan?

1 point

Provides guidance and direction on how scope will be managed throughout the project.

Provides direction on how scope will be managed throughout the project.

Provides guidance on how scope will be managed throughout the project.

24.
Question 24
What is the expression for cost variance?

1 point

The difference between earned value and planned value

The difference between earned value and actual cost

The difference between planned value and actual cost

25.
Question 25
What is the key benefit of a Work Breakdown Structure?

1 point

Process provides a loose version of what may be delivered

Process provides a structured version of what has to be delivered

Process provides a structured version of what has to be delivered plus additional add-on deliverables

 

 

 

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