Reference no: EM131742073

Examination Instructions-Must be original! Will checks for plagiarism.

This examination may be answered with open books and notes, but no collaboration or consultation with others. Microsoft Word document using the .doc or .docxformat.

To help keep your exams organized for grading on a short schedule, the following formatting rules are required. Penalties will be assessed if the rules are not followed.

• The subject of your post and your attachment (as a .docor .docx file) should both read:

• Your exam must be a single document. If you wish to include diagrams, spreadsheets, etc., assemble them into a single, readable document. Further, the responses to the examination questions must be in the same order as in this document.

• The document must have a header on the left side, which should read:
Lastname, Firstname

• The right side of the header should read: Page [k] of [n], where k is the appropriate page number and n is the total number of pages.

• The first line of the main section of your document should read:
Lastname, Firstname

• Use a font size of at least 12 points and a font type such as Arial or Times New Roman. Do not right justify the margins

Include the entire exam question section including question numbers, letters, and percentages with your response.

• You are not asked for regurgitation from texts or other published sources. Your exams may be sent to our service that checks for plagiarism. If you are found to have plagiarized your answers, you will get a failing grade.Your personal formulation of ideas derived from the material you have read, coupled with your experience is desired.

• Be concise and to the point. The entire examination response (including the questions and copyright notice) must not have more than 1,250 words.

A penalty of up to twenty (20) percent may be assessed for exceeding this requirement.References are not required or desired. In Microsoft Word, you can use Tools-Word Count without any text selected to determine the number of words in your response.

• It is recommended that you allow enough time to review your responses before posting them. After you have answeredthe examination questions, check your spelling and grammar before you post. In addition, check that you have answered all the questions and all parts of each question.

Remember:

A. This examination is worth 20 percent of your course grade.

B. Each answer will receive a score based on the question's value in 1-percent increments.

C. Answer all five questions.

D. Concise answers are required. Demonstrate your understanding, not your key entry ability.

E. If an examination is not received by the deadline, the grade will be reduced by twenty(20) percent for each day (or portion thereof) that it is late.

Final Examination

Question 1

A. Name and describe three types of cost estimation used in project management.

B. Describe the following three terms from earned value management:

a. Actual cost of work performed

b. Budgeted cost of work performed

c. Earned value

C. What can you imply about the project status if the cost performance index is equal to 0.9?

Question 2

A. Compare and contrast the following characteristic pairs of awork breakdown structure:

i. hierarchical decomposition - incremental decomposition

ii. deliverables - work packages

iii. dictionary - tree structure

B. What information must you add to a WBS to develop a schedule?

C. What information must you add to a WBS to develop a cost estimate?

Question 3

A. Name and briefly describe the main risk management processes.

B. What is a risk register? How is it used?

C. Provide a good example of a risk, classify the risk, and describe an appropriate risk mitigation strategy for this risk.

Question 4

A. Provide five good reasons why communications is important to project success.

B. Provide a good example outline of a project communications plan.

C. Why is it important to close projects properly?

Question 5

A. Describe the steps of requirements change control.

B. What is the project baseline and why is it important?

C. As project manager, you realize your project has failed. What is your next step?