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