1. Dave is managing a new project to create a radio-operated model plane. The pr
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1. Dave is managing a new project to create a radio-operated model plane. The project budget is set at $200,000 and the project must be completed within six months of the starting date. The initial document authorizing this project and giving Dave the authority to apply organizational resources to the project activities is called a. Project charter e b. Scope statement C. Project management plan d. Organizational process assets 2. since the levels of both cost and risk vary throughout the project life cycle, which of the following statements is true? (D a. costs are high and Risk is low at the initiating stage b. Both Costs and Risks are high at the initiating stage c. costs are low and Risk is high at the initiating stage e d. Both Costs and Risks are low at the initiating stage 3. In a phased project, phase end meetings are used to sign-off on the deliverables associated with that phase. These phase end points typically provide a good opportunity to evaluate the progress and performance in that phase. Which of the following terms is synonymous for phase end? a. Phase exits e b. Kill points C. Milestones d. All of the above 4. An office furniture manufacturing company has initiated a project to computerize and automate some of their manufacturing process systems. The manufacturing personnel are not happy with this idea, and they are afraid they may lose their jobs because of the automation. As the project manager, what would your first step be? O a. Create a probability and impact matrix b. Include manufacturing personnel as project stakeholders c. Meet with manufacturing employees and tell them their jobs are safe o d. Meet with the sponsor to get their adviceExplanation / Answer
Answer 1: A- Project Charter
Explanation: Project Charter is also known as the project definition document which explains project objective, roles and responsibilities, authorities of a project manager and main stakeholders. The project will only start when the main stakeholders approves and sign the project charter document.
Answer 2: D- both costs and risks are low at initial stage
Explanation: at the initial stage team identifies the business need, opportunity and real-life problems. This is the stage of intensive research with no actual investment. Initial stage determines the feasibility of project and identifies the time required
Answer 3: D- all of above
Explanation: Phase exist, kill points and milestones are all the same terms used by project managers and stakeholders to discuss and review the objectives of that phase.
Answer 4: C- Meet with manufacturing employees and tell them that their jobs are safe
Explanation: explaining them that the automation is being integrated to achieve higher efficiency and productivity.
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