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SCI 228 Final Exam

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1. (TCO 10)  Growth acceleration in adolescence is primarily driven by:

2. (TCO 10)  On average, Americans have a life expectancy that reaches into the

3. (TCO 10)  The brain grows the most rapidly during the first ________ years of life

4. (TCO 9)  The absorption of Vitamin ________ increases in older adults.

5. (TCO 9)  Which of the following increases one’s risk of developing an eating disorder?

6. (TCO 9)  Impulsive, low self-esteem, seeks attention, extroverted, and erratic describe personality traits of:

7. (TCO 7)  Who is at risk for a Vitamin E deficiency?

8. (TCO 7)  Which water-soluble vitamin can regenerate Vitamin E after it has been oxidized?

9. (TCO 7)  How do antioxidant vitamins stabilize free radicals?

10. (TCO 8)  Which of the following statements is FALSE regarding the mineral, selenium?

11. (TCO 8)  Where does the body store selenium?

12. (TCO 8)  Which research study demonstrated a link between Vitamin E consumption and a decreased risk of heart disease in smokers?

13. (TCO 8)  Which of the following hormones requires selenium for its synthesis?

14. (TCO 8)  Research studies have consistently demonstrated an association between a reduced risk of cancer and

15. (TCO 7,8)  Fluorosis is associated with:

16. (TCOs 7, 8)  Mary G. is 60 years old and at risk for osteoporosis. Which of the following dietary supplements would be the MOST helpful to minimize bone loss?

17. (TCO 7)  ________ of an adult’s healthy body weight is fluid

1. (TCO 8)  Which of the following do sodium and potassium NOT have in common?

2. (TCO 8)  Water has a high heat capacity. What does this term mean?

3. (TCO 8)  Which of the following is TRUE?

4. (TCO 8)  All of the following are major functions of sodium EXCEPT:

5. (TCO 8)  The majority of our body’s phosphorus is stored in the:

6. (TCO 8)  Which of the following will likely result if the concentration of electrolytes inside a cell is higher than in the extracellular environment?

7. (TCO 5)  The vast majority of fat digestion and absorption occurs in the:

8. (TCO 5)  Which of the following statements is TRUE about trans fatty acids?

9. (TCO 5)  Which of the following ingredients would alert you to the presence of trans-fatty acids in a product?

10. (TCO 6)  Which of the following supplements would you recommend that a vegan add to his or her diet?

11. (TCO 6)  Which of the following is associated with marasmus?

12. (TCO 6)  The type of protein-energy malnutrition characterized by a general lack of protein, energy, and nutrients in the diet is called:

13. (TCO 4)  Which of the following hormones is released when your blood glucose levels fall too low?

14. (TCO 4)  ________ is a highly branched arrangement of glucose molecules found in liver and skeletal muscle cells

15. (TCO 4)  Major fructose sources include

16. (TCO 1)  Which government agency regulates the labeling, sale, distribution, use, and disposal of all pesticides in the United States?

17. (TCO 1)  The food-borne illness caused by Campylobacter jejuni is associated with consuming

18. (TCO 1)  Which of the following is associated with the development of ketosis?

1. (TCOs 5,10) Jack has a strong family history of heart disease. What lifestyle factors are important for Jack to be aware of to decrease his cardiovascular disease risk?

2. (TCO 2) Discuss two limitations of the current My Pyramid food guide. Provide possible modifications to the pyramid that would address each of these drawbacks.

3. (TCO 8) Liz has recently been diagnosed with hypertension. Detail the lifestyle changes that are important for Liz to identify and modify in an effort to improve her situation

4. (TCO 9) Describe the process by which the body converts sunlight to active Vitamin D in the body. Discuss the hormones and organs involved in this process.

5. (TCO 9) Why does the risk for osteoporosis increase with menopause? What are some of the current treatments for osteoporosis?

6. (TCO 10) Describe the optimal diet for an athlete. Synthesize a healthy plan of diet and exercise for that person (describe the person).

7. (TCO 1) Discuss the benefits of and concerns regarding genetically modified foods/organisms. What are some legal implications?

8. (TCO 10) Describe the difficulties that a woman might encounter with breastfeeding and the related strategies used to resolve these issues.

9. (TCO 2) Using the My Pyramid food guide, describe a healthy diet plan for a vegan. Include types and servings of food within the five categories of the pyramid, as well as comment on nutrients that may need additional attention.

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PROJ 598 Final Exam

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1. (TCO H) What is the maximum value of a verbal contract? (Points : 5)

2. (TCO F) Which is not part of the award phase of the contract management process? (Points : 5)

3. (TCO D) What are two major types of authority applicable to a contract manager/project manager? Briefly explain each of these authorities. (Points : 16)

4. TCO A) Describe three techniques that build trust and a lasting partnership. Give an example for each technique and how it would impact an organization. (Points : 18)

5. (TCO B) Describe the seller’s pre-award stage of the contract management process. Give an example of the activity that takes place in each step. (Points : 16)

6. ((TCO E) Describe and explain some of the tools and techniques that should be used in source selection. For example, is negotiation the only effective tool for source selection or are there others?
a .Contract negotiation, weighing systems, screening systems, and independent estimates are all manners to select appropriate sources. Regardless of the source required, there should be a process to screen suppliers in a way to empirically select a source. This reduces personal bias and other factors from the process. Page 146 (Points : 16)

Bottom of Form

1. (TCO C) Compare and contrast fixed price agreements with cost reimbursable agreements and with time and material agreements. Offer your opinion on which type of contract would best suit your organizational needs if you had to only select one type of agreement for all your suppliers and sub-contractors. (Points : 16)

2. (TCO F) What is source selection, and why is it important?(Points : 16)

3. TCO G) There are many misconceptions regarding global contract management. Describe three such misconceptions, and describe the reality of actual global contracts. (Points : 16)

4. (TCO H) One of the tools and techniques used in contract closeout or termination is compliance verification, briefly describe this tool. (Points : 16)

5. (TCO A) State and elaborate five actions to improve your use of contract incentives. (Points : 20)

6. (TCO C) Describe qualitative vs. quantitative evaluation criteria. (Points : 20)

Page 3

1. (TCO D) Performance-based contracts (PBC) contain five essential elements. (Points : 20)

2. (TCO E) It has been said that the side that does the most research and planning will often come out best in any negotiation? Do you agree with this statement? Do you disagree with this statement? Defend your position with examples and other information (Points : 20)

3. (TCO F) What is an indefinite delivery indefinite quantity (IDIQ)? (Points : 20)

4. TCO G) Describe and compare and contrast the buyer’s and seller’s post-award phase of the contract management process. Give an example for each step in the process for the buyer and for the seller. (Points : 20)

5. (TCO H) Describe and explain the awakening phase in the evolution of a project management organization. Explain and defend why this phase is the most important of the process. Use examples to support your ideas. (Points : 20)

6. (TCO B) What are the unique differences between cost plus incentive fee contracts and fixed price incentive contracts?(Points : 20)

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PROJ 587 Final Exam Set 2

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1. (TCO B) Some believe that a project management office (PMO) is nothing more than yet another level of management with the associated added cost and bureaucracy. Project Management experts tell us that this is a good thing. Which of these points of view is correct, and how do you (in your own words, though you may cite your readings to support your view as necessary) justify your conclusion? Remember that business thinks primarily in terms of dollars and benefit/cost ratios. (Points : 20)

2. (TCO B) One of the most traumatic decisions a project manager must sometimes make is to cancel a project. In an article titled “How to Fail In Project Management without Really Trying,” Business Horizons Reprint No. BH010, the following (whimsical but true) reasons that projects go out of control were identified:

1. Ignore the project environment, including stakeholders

2. Push a new technology to market too quickly

3. Don’t bother building fallback positions

4. When problems occur, shoot the one most visible

5. Let new ideas starve to death from inertia

6. Don’t bother conducting feasibility studies

7. Never admit a project is a failure

8. Over-manage project managers and their teams

9. Never, never conduct post-failure reviews

10. Never bother to understand project trade-offs

11. Allow political expediency and infighting to dictate crucial project decisions

12. Make sure the project is run by a weak leader

3. (TCO B) Your company has a PMO, and it has now decided to incorporate project portfolio management. Part 1: What is the difference between a PMO and a PPM? Part 2: Who should participate in implementing the PPM? (Points : 20)

4. (TCO E) Part 1: List the five levels of maturity in the Project Management Maturity Model (PMMM). Part 2: Describe each level and discuss whether each level can overlap with another level, and also define its level of risk. (Points : 20)

5. (TCO G) Part 1: What are the basic principles behind the AGILE process? Part 2: What is the PM’s role under the AGILE process? (Points : 20)

6. (TCO C) You have been hired to establish a PMO in your IT department. You will report directly to the CIO. You have been a member of a failed PMO. You understand why PMOs fail and what you will do to enhance the success of your PMO. Make sure to discuss at least four reasons that contribute to a failure and how you will overcome it. Also provide recommendations for assuring the success of a PMO implementation. (Points : 40)

7. (TCO D) Two of your best program managers are in a heated debate on the best way to resolve the situation to recover a project. Neither is willing to budge from his or her stand. What are some of the steps you will take to diffuse the situation? Explain your answers. In your answer, make sure you focus on the modes of conflict and conflict resolution. (Points : 40)

8. (TCO E) You have just been assigned to a program. Your team will be responsible for building a new financial system. You have just gone over the program charter and discovered that your program will have to integrate completely with another company’s customer service, network, marketing, legal, new development, procurement, and your own, IT.

The program must include a WEB-enabled customer interface that will allow for online bill paying, review, and changes. Your company does not currently have a corporate Web page. You know this will be new technology for your developers. Last of all, the implementation schedule for this program is very aggressive; you have 24 months from today to have the product up and running.

Fortunately, management is behind you 100% and willing to allow you to set up your team in any way you like. Let’s start with the organizational structure.

Would you recommend a pure project, matrix, or functional team? Why?

What are some important organizational considerations when forming the project team? What are the key advantages and disadvantages of your choice? (Points : 40)

9. (TCO F) Your company just finished delivering a software product to the client. In writing a summary report and checking a minor discrepancy, you uncover an error made by the testing team. It looks like an honest mistake. You realize that you could have caught it earlier had you checked out the discrepancy when it first appeared. You know enough about the software to understand that it will take approximately $30,000 to make the correction, making the project over budget and, of course, late. As designed now, there is the likelihood everything will perform successfully. If there would be a failure, with a remote possibility of patient injury, an investigation could reveal the obvious design error. How would you approach this problem from an ethical and code of conduct point of view? (Points : 40)

10. (TCO G) Critical Chain implementation requires a culture shift within an organization to make it successful. Part 1: Why is this statement true? Part 2: What about Critical Chain makes it unique from other scheduling techniques? Part 3: How does it address some of the “human nature” aspects of traditional project scheduling? (Points : 40)

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PROJ 420 Final Exam

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1. (TCO 1) A medium-sized project requires

2. (TCO 2) The WBS does not address

3. (TCO 3) The goal of the identification step is

4. (TCO 4) The goal of response planning is

5. (TCO 5) Secondary risk is caused by

6. (TCO 6) Enterprise environmental factors include

7. (TCO 7) Minor risk reviews can occur

8. (TCO 8) The final risk register will show the final status of the risks as

9. (TCO 1) We don’t do risk management because it

10. (TCO 2) The WBS can be used to

11. (TCO 3) Contingent response strategy is used only when

12. (TCO 4) Risk metalanguage has three elements: cause, effect, and

13. (TCO 5) Secondary risks result from

14. (TCO 6) The risk interview will

15. (TCO 7) The goal of any risk management function is

16. (TCO 8) The post-project review will show the risk impact on

17. (TCO 1) If we do not manage risk we will have to resort to

18. (TCO 3) The real problem of not identifying a task in the WBS is

19. (TCO 5) A minor review is

20. (TCO 2) Issues differ from risks because

1. (TCO 2) There are eight benefits of a common process to manage both threats and opportunities. Identify two of them and briefly describe them

2. (TCO 4) Describe brainstorming and how it is used in the identification of risk

3. (TCO 7) Identify three of the five purposes of the implementation step

4. (TCO 8) In summarizing the lessons to be learned, the risk champion records four items. Name them

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SBE 310 Final Exam

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1. (TCO 1) Approximately what percentage of businesses have a payroll with fewer than 500 people?
(Points : 5)
10 percent
25 percent
75 percent
99 percent

2. (TCO 1) You have a small business that offers printing services. One of the services you offer is a high-speed color copier. You are currently the only printing service in a tri-state area that offers such a service. You currently have _______.
(Points : 5)
Creative destruction
A competitive advantage
A qualitative advantage
A capital advantage

3. (TCO 1) Your employees are your most valued assets due to their _______.
(Points : 5)
Skill, knowledge, and information
Earnings
Knowledge of finance and accounting
College degree and high IQ

4. (TCO 1) Entrepreneurship primarily involves which phase of business?
(Points : 5)
The startup process
Hiring of key employees
Maintaining a positive cash flow
Building and maintaining a sufficient customer base

5. (TCO 1) Which of the following is the most common form of business ownership?
(Points : 5)
Sole proprietorships
Partnerships
Corporations
Joint ventures

6. (TCO 4) Which of the following acts was written to prevent large businesses from forming trusts?
(Points : 5)
Clayton Act
Federal Trade Commission Act
Fair Debt Collection Practices Act
Civil Rights Act of 1964

7. (TCO 4) Bankruptcy remains on a credit report for how many years?
(Points : 5)
3 years
5 years
7 years
9 years

8. (TCO 4) Peter Drucker stated that businesses have _______ basic functions.
(Points : 5)
Two
Three
Four
Five

9. (TCO 4) Managing inventory can be compared to which of the following?
(Points : 5)
A balancing act
Preparing for a test
Driving a bus
Lion taming

10. (TCO 4) What is the key word in evaluating a channel of distribution? (Points : 5)
Location
Plastics
Competition
Efficiency

11. (TCO 4) A long-term agreement to rent a building, equipment, or other assets is known as a:
(Points : 5)
Lease
Rental contract
Legally liable contract
Business contract

12. (TCO 4) Consumers typically do not want the cheapest product available; they want the:
(Points : 5)
Best product for the highest price
Most reasonable product at the highest price
Most reasonable product at the lowest price
Best product for the most reasonable price

13. (TCO 4) The point at which total cost equals total revenue and the business is neither making or losing money is known as the _______.
(Points : 5)
Profit area
Loss area
Breakeven point
Profit point

14. (TCO 2) Through the franchise agreement, the ________ gains the benefit of the parent company’s expertise, experience, management systems, marketing, and financial help.
(Points : 5)
Franchisor
Franchisee
Leaser
Lessee

15. (TCO 2) The financial document that is used by startup businesses to show where capital comes from and for what it will be used is called:
(Points : 5)
Cash-flow statement
Projected earnings statement
Sources and uses of funds
Income statement

16. (TCO 2) Which of the following is not included in the marketing plan section of the business plan?
(Points : 5)
How sales forecasts will be reached
Marketing objectives
Identification of potential markets
Cash-flow statements

17. (TCO 3) When analyzing financial statements, remember that profits can be increased and expenses can be decreased to make the records look better __________.
(Points : 5)
In the short run
In the long run
For tax purposes
For bank audits

18. (TCO 3) In the chapter opener, what was the limitation that kept Philip Rosedale from creating Second Life when he first had the idea for it?
(Points : 5)
He didn’t have enough money.
He didn’t know how to promote it.
Computers were not powerful enough at the time.
Some technical gadget like a flux capacitor needed to be invented first.

19. (TCO 3) Most Inc. 500 companies receive more than half of their revenue from:
(Points : 5)
Their local area
Their regional area
Outside their home regions and internationally
A 100-mile proximity of their business

20. (TCO 3) Computers, office equipment, and furniture are all examples of ________ that have a life of more than one year.
(Points : 5)
Current assets
Current liabilities
Capital equipment assets
Investments

21. (TCO 5) Mintzberg suggested several important skills a manager needed in order to perform the four functions of management. The most important of these was listed as
(Points : 5)
Carrying out negotiations
Motivating subordinates
Making decisions in conditions of extreme ambiguity in allocating resources
Being willing to continually learn on the job

22. (TCO 5) Maslow’s hierarchy of needs theory ranks the highest level of needs as what?
(Points : 5)
Physiological
Safety and security
Esteem
Self-actualization

23. (TCO 5) The Equal Employment Opportunity Commission _______ that the information from a job analysis be used to ensure equal employment opportunity.
(Points : 5)
Strongly urges and sometimes requires
Always requires
Urges
Does not care

24. (TCO 6) A production process that operates for long periods of time without interruption is known as?
(Points : 5)
Analytic system
Synthetic system
Continuous process
Intermittent process

25. (TCO 6) Scheduling is necessary to maximize levels of: (Points : 5)
Efficiency and customer service
Customer service and expense
Sales and expense
Efficiency and effectiveness

26. (TCO 7) An account number of 13 would represent which of the following accounts?
(Points : 5)
Accounts payable
Accrued taxes
Insurance expense
Accounts receivable

27. (TCO 7) Equity funds never need to: (Points : 5)
Be repaid
Be accounted for
Be stated on the income statement
Be stated on the balance sheet

28. (TCO 8) About what percent of small businesses export goods and services?
(Points : 5)
10%
15%
30%
50%

29. (TCO 9) The obligation of business to maximize the positive impact it has on society while minimizing the negative impact is called:
(Points : 5)
Moral obligation
Business responsibility
Business ethics
Social responsibility

30. (TCO 9) Threats and opportunities to a business can be found in which of the following environments?
(Points : 5)
Economic and legal only
Legal and sociocultural only
Technological and competitive only
Economic, legal, sociocultural, competitive, and technological

1. (TCO 1) Compare and contrast a sole proprietorship, a partnership and a corporation. Provide examples of where you would use each structure. (Points : 14)

2. (TCO 3) Analyze the advantages and disadvantages of buying an existing business. Under what circumstances would one be more advantageous? (Points : 14)

3. (TCO 4) Compare and contrast Economic Order Quantity and Just-In-Time as inventory control methods. Evaluate how these control methods can improve the financial position of a small business. (Points : 14)

4. (TCO 6) Compare and contrast analytic manufacturing systems and synthetic manufacturing systems, giving an example of each. (Points : 14)

5. (TCO 9) Analyze the four levels depicted in the pyramid of social responsibility. (Points : 14)
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PROJ 592 Final Exam (Set 2)

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1. (TCO B) Estimating Procedures
(a) You are the project manager for a new high-rise office building. You are working on estimating the exterior landscaping for the new development. The landscaping requires the use of a special landscape stone. Based on recent experience the most likely price for the material is $120.00/ton. However, the price for this stone is volatile, and the price fluctuates over time based on market conditions and material availability. The most optimistic price estimate is $60.00/ton, and the most pessimistic estimate is $160.00/ton. (Note there are 3 data points in for this estimate.)
What is the expected price of the material?

(b) In addition to price fluctuations, you are also uncertain of how much of the material will be required for the project. Scope changes and site conditions will affect the amount of material actually needed. The most likely amount required is 36 tons. However, as little as 28 tons or as much as 56 tons might be required.
What is the expected amount of the material needed for the project?

(c) Using the estimates from (a) & (b) what is the expected cost for the material over the life of the project using the COMPLEX method? (Points : 30)

2. (TCO B) Contingency Allowance:

You are a project manager for the development of Motorola’s new 4G, HD, Touch Screen Cell Phone which is supposed to take the cell phone industry by storm. Listed below are the initial cost estimates for the materials and labor for one of the phones:

(a) What contingency cost budget do you recommend for the product?

(b) The target retail price for the new telephone is $165.00 per unit. The markup demanded by retailers is 50%. Based on cost factors, write a brief rationale for acceptance or rejection of the project, including any recommendations you have regarding the cost estimates.

3. (TCO C) Work Breakdown Structure WBS

Speedy Computer, Inc. (SCI) is going to introduce its first laptop computer. Although SCI recognizes that it is a late entry into the market, it believes that there is room for an inexpensive product at the low end of the market. Its design process will start with a conceptual design performed concurrently with the disassembly and analysis of a select group of the competitor’s products. The best components consistent with the conceptual design will then be used as the basis for the working design.A prototype will then be developed with a focus on using components that are readily available in the marketplace. The prototype will be tested for technical performance and ease of use, and a cost estimate will be prepared to determine if the product could be profitably manufactured. If the prototype shows promise, work will begin on a marketing program and operations services, which include the development of user manuals and service programs. Manufacturing will be performed by subcontractors to the greatest extent possible to reduce risk. Final assembly and testing will be performed at SCI’s existing facilities.

Prepare a work breakdown structure (WBS) for this project with activities corresponding to a two level task and sub-task hierarchy. Provide columns showing the WBS code and activities. Number and indent the WBS codes so that the level of each activity is clearly identified.

(Points : 30)

4. (TCO A) Budgeting processes and techniques

A company modifies production automobiles to create custom hybrid vehicles for the high-end auto enthusiast market. They develop and build these custom designs as a single unit or at times in multiples of as many as 20 for larger orders. The orders are generated by the marketing department with help from the owners who participate in the management of the company. Each new order is assigned to a project team, which starts by making an estimate to the customer before a contract is signed. The project teams have a great deal of experience in these projects.

As would be expected, the owners are hands-on and have opinions on the estimates. The marketing folks also provide suggestions on what the customer is willing to pay.

What are some processes and techniques that you would suggest to make the budgeting process work well? Start with general but also provide some specifics as relate to creating detailed project budgets. Be sure to justify why you think your recommendations will work.

1. (TCO C) Schedule Crashing

Using the network below and the additional information provided, find:

(a) The crash cost per day per activity.
(b) Which activities should be crashed to meet a project deadline of 13 days at minimum cost? State the number of days you will crash each activity.
(c) What is the additional cost to crash the project?

2. (TCO E) Responsibility Allocation Matrix

Projects often cross many functional boundaries with team members reporting to different functional managers. This cross functional aspect can create problems with roles and responsibilities. You decide to use a Responsibility Assignment Matrix (RAM) to help with this situation. Your manager is wondering why you are spending your time on this tool when you already have resources assigned to tasks in your schedule.

(a) Why is the RAM such an effective tool for Project Managers?
(b) What are some of the typical responsibilities assigned on a RAM? (Points : 30)

3. (TCO E) Resource Allocation/Leveling

The following data were obtained from a project to design a new software package:

 

The software manufacturer has only the above personnel available for the project. Additional personnel can be hired from an agency at an 80% cost premium if needed.

(a) Identify any resource conflicts in the above project. State the activities involved, the time frame of the conflict(s), the personnel in conflict, and the number of people involved.

(b) Note that operations can be split if required: what is the least cost method of resolving the conflict(s), assuming the project duration must not be extended? What additional cost, if any, will be incurred? (Points : 30)

1. (TCO G) Estimate At Completion forecast (EAC)

A project has been estimated to take eight weeks and cost $65,000. The critical path is A – D. Cost and earned value data are provided below:

(i) Calculate the Estimate At Completion (EAC) considering future performance will be back on schedule and budget.

(ii) Calculate EAC considering that the project will continue to perform as it has to date.

(iii) Using either of these two numbers discuss the status of the project and if the project manager needs to take corrective actions. Justify your comments.

(Points : 30)

2. (TCO D) PMIS and cost accounting

We have discussed extensively over the past eight weeks the benefits, tools, and methodologies to project monitoring and control. Effective project monitoring requires access to projects data, and therefore a Project Cost Accounting System (PCAS) is essential.

(a) What are the primary types of data collected by such a system?
(b) What are some of the benefits of PCAS? (Points : 30)

3. (TCO F) Earned Value

The following data were obtained from a project to design a new software package:

(a) Calculate the Cost and Schedule Variances and Indexes (CV, SV, CPI, SPI) for tasks A, B, C, D, and E.

(b) Write a brief analysis of the status of the project at this time, including task level, project level, and critical path.

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PROJ 586 Final Exam Set 1

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1. (TCO A) In the _____ organization structure, the project manager is responsible for the project results, whereas the functional manager is responsible for providing the resources needed to achieve the results. (Points : 5)

mixed-mode
matrix
autonomous project
functional

2. (TCO H) What is the longest phase of the project life cycle? (Points : 5)
Initiating
Planning
Performing
Closing

3. (TCO B) The lowest level item of any one branch of the WBS is called a(n) _____. (Points : 5)
object item
task statement
work package
activity node

4. (TCO D) A _____ is a predefined set of actions that will be implemented if the risk event occurs. (Points : 5)
management proposal
classification array
contingency plan
risk contingency matrix

5. (TCO F) _____ the project involves measuring actual progress and comparing it to planned progress. (Points : 5)
Planning
Scheduling
Forecasting
Controlling

6. (TCO C) If _____ is positive, it represents the maximum amount of time that the activities on a particular path can be delayed without jeopardizing the completion of the project by its required completion time. (Points : 5)
total time
free time
total slack
cumulative slack

7. (TCO G) Which of the following is not an advantage of using project management software? (Points : 5)
Accuracy
The learning curve
Speed
Record keeping

8. (TCO A) Which of the following is not an example of a project? (Points : 5)
Starting up a restaurant
Creating a website for a company
Raising money for a disaster-relief trip
Emptying the recycling everyday

9. (TCO C) Why are activities drawn in a serial relationship on a network diagram? (Points : 5)
The activities use different resources.
The activities are independent of each other.
From a technical standpoint, the activities must be performed in that sequence.
The order of completion doesn’t matter.

10. (TCO F) The project cost estimate is allocated to _____. (Points : 5)
the various work packages in the project work-breakdown structure
the resources in the project
the committed costs in the project
the stakeholders

11. (TCO F) It is important to use the _____ as the standard against which actual cost is compared. (Points : 5)
cumulative budget
total budget
budget at completion
phased budget

12. (TCO C) Calculate the earliest start for Task B if its predecessor, Task A, finishes on day 3 and the duration of Task B is 2 days. (Points : 5)
Day 5
Day 3
Day 1
This cannot be calculated based upon the information given.

Page 2

1. (TCO B) Describe the benefits of including the people who will be involved in performing the project when planning the project. (Points : 10)

2. (TCO E)
Part 1: What are some common barriers to team effectiveness? (15 points)
Part 2: Describe an example of a team project that would include barriers to success. (15 points) (Points : 30)

3. (TCO C) A project to remodel an office area has the following activities. (Hint: You will need to build an AIB diagram, perform a forward pass, and perform a backward pass to answer this question.)

4. (TCO A)
Part 1: Compare and contrast the responsibilities of a functional manager and a project manager in a matrix-type organization. (10 points)
Part 2: A company manufactures furniture. Which organization structure is the most suitable? Why? (10 points)
Part 3: An organization builds custom houses for urban-renewal areas. Which organization structure is the most suitable? Why? (10 points) (Points : 30)

5. (TCO D) 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 risk event, the consequences, and the risk-response plan for the data-mining software project. (15 points)

6. (TCO F) Analyze and compare the costs of the two projects in terms of performance efficiency, budget, and schedule. Make sure to show your calculations and analyze and explain the results. (Note: Providing just numbers will receive only partial credit.)
7. (TCO B) An environmental consulting firm has been hired to clean up contaminated ground water beneath the site of a former chemical factory. The cleanup design process consists of evaluating several alternatives; preparing a conceptual design for the most appropriate alternative; evaluating the conceptual design by performing a small-scale pilot test on site; and, based on the results of the pilot test, preparing a final design. Installation of the cleanup system will be performed by subcontractors under the supervision of the consultant. Prior to installation, the consultant will work on setting up the subcontracts by preparing specifications, prequalifying installation contractors, reviewing all bids, and executing the contracts. The installation will consist of the following phases: recovery wells, piping, treatment equipment, and start up.

8. (TCO B) You are reaching the end of your graduate-school program, and you 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 you’ve 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, it’s your party–you can have whatever you want! Some of the key items you want at your party include

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PROJ 410 Final Exam (Set 2)

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1. (TCO 1) A cost-plus-percentage-fee contract is a: _______. (Points : 5)

cost-reimbursable contract, the seller pays the buyer’s actual costs, and a percentage of the total project costs
cost-reimbursable contract, the seller pays the buyer’s actual costs, and all of the total project costs
cost-reimbursable contract, the buyer pays the seller’s actual costs, and a percentage of the total project costs
cost-reimbursable contract, the seller pays the buyer’s actual costs, and none of the total project costs

2. (TCO 2) The difference between the project manager and contract administrator is: ______.

(Points : 5)

the project manager is responsible for the project-related coordination, while the contract manager is responsible for administering the contract
the contract administrator has the authority to make all contract-related decisions, like approving a change order. The project manager does not have this level of authority.
the project manager is responsible for the administering of the contract, while the contract manager is responsible for project-related coordination.
the project manager has the authority to make all contract-related decisions, like approving a change order. The contract administrator does not have this level of authority.

3. (TCO 3) Which is a key component in the project procurement management process? (Points : 5)

RFI Request for Issue
RFP Request for Proposal
RFB Request for Buy
RFC Request for Contract

4. (TCO 2) Senior management typically has different reasons for issuing the directive to outsource than management responsible for the business process. Senior management typically decides to evaluate outsourcing because: ______. (Points : 5)

there is a means to focus more resources on business process strategy
there is a means to focus less resources on business process strategy
there is an effort to decrease performance
there is an organization-wide directive to downsize or cut costs

5. (TCO ) When notifying third parties in a transition plan, who would not need to be notified? (Points : 5)

Third-party vendors

Government or regulatory authorities

Customer’s competitors

Customer’s clients

6. (TCO ) In International contracts, which industry-specific question does not need to be asked? (Points : 5)

Which country’s standards are used?

What regulatory authorities are called into question?

What regulations are specific to the business process operations?

What notice requirements or approvals are needed before and after a contract signing?

7. If a contract is seen through its full term, list two items that should be completed as part of contract close-out? What is a close out manager? Why is deliverable acceptance documents so important?

8. (TCO 8) What are the two ways to rank the seller’s proposals before selecting a seller? (Points : 12)

9. (TCO 6) Sometimes, a seller is selected based solely on lowest price. However, sometimes this is not always the most efficient or effective way of selecting a seller. What are some of the other evaluation criteria that a buyer may use to help select a seller? (Points : 12)

10. What are some of the common techniques used for establishing service levels?

Page 2.

1. (TCO ) What is benchmarking? Please support your answer. Defend the cost of benchmarking in an industry. (Points : 30)

2. (TCO ) What happens when there is a failure in an SLA? Use an example to analyze a failure in an SLA and how important SLAs are to the buyer in a BPO contract agreement. (Points : 30)

3. (TCO ) What are the elements of a Request for Proposal (RFP)? Please list and discuss five of the elements. (Points : 10)

4. (TCO ) Part 1: Discuss the following types of contract pricing: (a) fixed price, (b) cost-plus price, (c) time & materials, and (d) unit price. Part 2: Explain the appropriate utilization of each contract pricing type and the impact of risk to the contracting parties. Part 3: What type of contract pricing structure misaligns the buyer’s motivations with the seller’s? (Points : 30)

5. (TCO ) List and describe five components of a BPO. Then summarize why each of the items that you chose are important to the BPO process. (Points : 30)

6. What does the outsourcing of the HR function involve? What are pros and cons of HR Outsourcing? What do you think are three critical considerations that you must include in the implementation plan for this outsourcing transition?

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