Question

What does Scope Creep mean and why is it risky to a project? ……………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

The sum of knowledge including proven traditional practices that are widely applied, and innovative mechanisms that are emerging in the project management profession is referred to as ………………………………………………………………………. ………………………………………………………………………………………………

The ………………………………………………………. determines what is appropriate for any given project. Project requirements refer to …………………………………………………………….. ……………………………………………………………………………………………. Projects are not ongoing efforts. This means projects are …………………………….. and their durations are …………………………………… In ADM, a ‘dummy’ activity refers to ………………………………………………… ………………………………………………………………………………………….. ………………………………………………………………………………………….. In a project network, the difference between a project activity’s ES and LS is called …………………………… or…………………..... A project management team consists of 6 members. What is the number of communication channels available to them? ……………………………. As project manager in a matrix organization, mention the two key measures you would take to resolve potential conflicts in operational priorities between you and other functional managers in respect of the use of skilled resources. Developing a …………………………………………………………………. and ……………………………………………… A Water Project in a community has been estimated to cost a total of GH¢70,000.00, and to be completed in a space of 8 months. The project commenced on September 1, 2017. The budgeted cost of work scheduled is GH¢60,000.00. As at August 31, the actual cost of work performed stands at GH¢50,000.00 and the cost variance is GH¢4,000.00. Use this information to answer questions 11 to 14. What is the value of all the work that has been completed as at August 31? ………………………………………………………………………….. What is the percentage of the total work that has been completed? ……………….. Find the Schedule Variance (SV)……………………………………………. Using the SPI and the CPI indices, what can you say about the project ………………………………………………………. …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… Calculate the EAC, and the ETC in terms of cost and time ………………………………………………………………………………………… …………………………………………………………………………………………. ……………………………………………………………………………………………. Project planning processes can be divided into two: name them ……………………... ……………………….and……………………………………………………………. In solicitation planning, ITQ means ……………………………………………….. You are the project manager of the development and marketing of a new product. Eight months after the introduction of the product onto the market, you noticed a surge in customer complaints and a decline in sales levels. Which cost category would be worsened? …………………………………………………………………………. The amount of individual resource an existing schedule requires during specific time periods is referred as …………………………………………………. A …………………of……………….. is any factor that can affect the performance of a project, impede the smooth execution of the project or terminate the project. ………………………is a measure of the probability and consequence of not achieving a project on time and within budget. State any two (2) reasons for outsourcing projects: …………………………………………………………………………………… …………………………………………………………………………………… Management has asked you to explain the relationship between project quality and project scope. Which of the following should be your best answer? The project scope will include metrics for quality. Quality metrics will be applied to the project scope. Quality is the process of completing the scope to meet stated or implied needs. Quality is the process of evaluating the project scope to ensure quality exists. A tool that links the project roles and responsibilities to the project scope definition is called ……………………………………………………………. Explain the following: Status Report …………………………………………………………………………… …………………………………………………………………………………………… Progress Report …………………………………………………………………………………………… …………………………………………………………………………………………… Use the table below to answer the questions 25 to 28. Activity Optimistic duration Pessimistic duration Most Likely duration Weighted duration Immediate Predecessor P 15 27 21 - Q 18 36 24 P R 26 40 24 P S 21 39 27 Q T 27 33 24 Q,R U 16 32 24 S,T V 16 30 26 U Calculate the actual duration of each activity (fill-in the table) Draw an AOA network diagram for the activities (in the space below): State the minimum duration of the project. ………………………………………………. State the ES and LS time of activity T ……………………………………………………. A project manager can consider the ‘Push communication’ method when planning project communication management. Mention any two (2) factors that the manager must consider to ensure success. ……………………………………… . ...ii……………………………………….. State, one for each, any two physiological and safety needs of workers engaged in a project which the project manager must endeavour to satisfy. …………………………………………………………………………………………….. If CPI is equal to 1, it means ……………………………………………………………… ……………………………………………………………………………………………… The ………………………………………………… is the input into Activity Definition …………………………………………….is the amount of time it takes before discounted benefits exceeds discounted costs. A project is expected to yield $50,000.00 in 5 years’ time at the rate of 12% compounded annually. How much money should be invested in the project? ………………………………………………………. A project risk refers to ………………………………………………………………….. …………………………………………………………………………………………… A project constraint is ……………………………………………………………………. ……………………………………………………………………………………………… What is a project deliverable? ………………………………………………………….. ……………………………………………………………………………………………… Differentiate between project output and project outcome. ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… An organization desires to undertake one of three important projects. You have been consulted as a PM professional for advice. What 4 factors would you consider to enable the entity make a rational and informed choice? i………………………………………………ii……………………………………………. iii………………………………………………iv…………………………………………. What is the difference between risk mitigation and risk avoidance? …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….... …………………………………………………………….. most often defines project success. In managing project conflicts, what does it mean to employ “a smoothing” approach to resolve a particular conflict? ……………………………………………………………… ……………………………………………………………………………………………………………………………………………………………………………………………… What makes an individual a stakeholder in a project? ……………………………………………………………………………………………………………………………………………………………………………………………… A process that ensures that the descriptions of a project’s products and deliverables are correct and complete is known as ……………………………………………………….. The variance and the pessimistic time estimate of a project activity are 32/3 and 12 days respectively. Find the activity’s optimistic time estimate. …………………………….. All fast-tracked projects are crashed. True or False? The total float along a critical path in a project network is zero. True or False? AOA is a precedence diagramming method of project activity sequencing. True or False? A project team comprises 5 members. The number of communication channels available to them is 15. True or False? An insurable risk presents opportunity for loss only. True or False?

Answer 1

Question- What does Scope Creep mean and why is it risky to a project?

Scope Creep can be defined as a modification, change , continuous or uncontrolled growth in the scope of the project in any certain point once the project has been initiated. This has many risks for the projects which are as below:-

Unclear objectives of the project

The project deadlines may not be accomplished

There can be a failure in establishing and complying with the internal control procedures

Client can look to get additional work done for free

Question:- The ………………………………………………………. determines what is appropriate for any given project

Answer:- Project management team

Reason:- Project management team access the different types f goals, risks and various methods of accomplishing the project goals.

Question:- Project requirements refer to

Answer:- Project requirements are mainly different types of conditions or activities which must be accomplished for ensuring the successful completion of the project

Question:- Projects are not ongoing efforts. This means projects are …………………………….. and their durations are ..............

Answer:- Temporary; finite

Reason:- Projects are temporary which means that each project has a finite initial and end point and thus the duration of these projects is finite.

Question:- In ADM, a ‘dummy’ activity refers to

Answer:- Dummy activity can be seen as an activity which has zero duration and which is used in order o represent the relationship and the path of action in ADM.

Question:- In a project network, the difference between a project activity’s ES and LS is called..........

Answer:- Slack

Reason:- Slack can be defined as the difference between ES and LS or Ef or LF times.

Question:- A project management team consists of 6 members. What is the number of communication channels available to them?

Answer:- number of communication channels= n(n-1)/2

number of communication channels=6*5/2

number of communication channels=15