A) projects. B) cost overruns. B) the subdeliverables become cost centers instead of profit centers for the project. The second level in work breakdown structure contains the: Which pair of statements is best? The step that reflects the formal "go ahead" given to the project to commence once the scope definition, planning documents, and other contractual documents have been prepared and approved is the: A testing plan would be outlined in which section of a statement of work? C) time and material contract. C) work breakdown structure. D) level 4 codes to each package element. D) technical performance. In order to allocate costs more precisely, a company will assign: C) these are assigned to the units performing project activities. Scope management for a project begins with: Which of the following is NOT a project goal criteria? check all that apply. The cat-skinning project management team considers the many ways to accomplish their objective before settling on one technique as part of their: C) finite elements. B) need statement step. SV. Project team members can identify who should be notified of task completion status by checking the: Expected commitments from other departments in support of the project would most likely be detailed in the: C) project objectives step. d. The earned value system includes the time variable in measuring progress. D) milestones. D) the project goal criteria. B) rules statement. D) document control been conducted assiduously. C) scope baseline. The description and scope section of a statement of work would contain statements regarding: C) work breakdown structure. C) Cost-plus contracts are prone to a budget surplus while turnkey contracts are typically overbid by the contractor. D) approach. D) Cost-plus contracts are prone to budget overruns while turnkey contracts are typically overbid by the contractor. A) the management plan A statement of work identifies: B) valid consideration. C) deliverable statement. difference between the earned value and the actual costs for the work completed to date. difference between the earned value and the baseline line to date. B) scope reporting. We have detected that Javascript is not enabled in your browser. D) work package report. D) slippages in time against planned measures. B) slippages in performance measures for the work product. The lowest level in work breakdown structure contains the: Budget and schedule information for each activity in a project is contained in the: B) amendments. B) the work breakdown structure The mountaineers all agreed that their quest to build a bridge between the two peaks of Mount Kilimanjaro was a noble one, but they had no idea how long it would take to complete until they finished their: A) assign the duties of tracking costs to the customer's accounting function. C) members of the project team. B) activity codes to each subdeliverable. D) document control. Earned value measures what work was accomplished for the money spent. A) the organizational breakdown structure. B) constraints. D) work packages. D) timeline and milestones. The organizational structure for the project team, including policies and procedures, is the: D) these budgets can then be assigned back to the project manager's department. C) issue a preliminary TPS report. C) cost-plus contract. D) fair and unencumbered. B) an organization breakdown structure. EAC. I may have to rethink my priorities," Jake wondered aloud. The journal entry to record fees earned on account of $13,500 would include a debit to Accounts Receivable for $13,500 and a credit to Fees Earned for $13,500. C) the information system architecture. D) contractual performance. A) a need. D) All of these are elements of a statement of work. C) since micromanaging can occur. Earned Value provides answers tothe followingimportant questions: True or False? Any measurable, tangible, verifiable outcome, result, or item that must be produced to complete a project or part of a project is a: C) Merrill report. C) management plan. D) work package. C) work authorization. The exchange that is specified by the contractual documentation documents is: C) should be subtracted directly from deliverable costs. C) a statement of goals. A) cost-plus contract. They are temporary because the accounts . A) cost A) project. C) expected project outcomes. A) A project goal of "significantly increase computer performance" is better than "improve processing speed 20%" because the team may exceed 20%. B) linear responsibility chart. C) subdeliverables. A) project plan. B) tasks A) S-curves. A) information gathering step. A) scope statements." C) team membership C) scope statement. D) task confusion. A) project goal criteria. A work package may consist of more than one milestone. A young professor becomes obsessed with the latest release of Halo and completely loses sight of his research commitment to his colleagues, falling hopelessly behind schedule and consuming 80% of the department's computing budget. An earned value report shows: The new Magic Pan coming soon to your area usually serves 20,000 customers in the first year of operation. The T account for Unearned Rent appeared as follows after posting from the journal: B) management plan. "The work schedule and wrestling schedule are significant: This whittled down the list of possibilities to Systems Analysis Design and Differential Equations. D) work packages. estimated cost at completion. A) umbrella contract. Which of these is NOT a typical element of a statement of work? Earned Value Quiz for HD Supply FM IT Project Managers and Coordinators, What value of work should have been completed, How much money has been spent to date to get the project where it is today, Work measurement by work-hours, dollars, and units, Develop a realistic plan of the work scope, budget and schedule, Our project is behind by what dollar amount, worth of work?Hint: SV= BCWS-BCWP .Note: Please use powerpoint slide for info, This project has cost uswhat dollar amount, more than it should have?Hint: CV= ACWP-BCWP Note: Please use powerpoint slide for info. C) " a documented dream." C) statement of work. B) work breakdown structure. 2, Principle of Management Quiz 1 BBA II A (June 11, 2020), Does He Like Me? A) configuration controls been established. D) project goal criteria. B) schedule status. A) information on the key objectives for the project. B) management plan. The highest level of work breakdown structure is the: They include all income statement accounts, the dividends accounts, and the Income Summary account. D) are not recoverable unless explicitly stated in the work breakdown structure. does the chicken acquisition come before the egg laying, etc., is the: A) Cost-plus contracts are prone to budget overruns while turnkey contracts are typically underbid by the contractor. A) configuration control. Restrictions that affect project development are: D) contractual obligations. D) Project goals should be optimistic to the point of excess. A) the work no longer needs to be tracked by the project manager. B) termination of project information. The reporting frequency, report recipients, and content required during project execution is laid out by: D) dissolution factors. A) approach section of the SOW. What are work breakdown structure elements that must be completed to conclude the project deliverables? A) " etched in stone." A) activities Which statement about scope management is best? Which of these statements about subdeliverables is best? D. All the above. C) Conceptual development begins with the process of reducing the project's overall complexity to a more basic level. A) environmental risks. D) work release. They accumulate data related to one accounting period. D) scope expansion. C) Scope management is accomplished in a single step by any one project team member. B) Subdeliverables consume resources. A work package may be composed of one or more subdeliverables. Procedures that monitor emerging project scope against the original baseline scope are called: The scope baseline is a document that provides a summary description of each reporting relationship along with a schedule for meetings and reports. Which of these scope statement steps creates the all-important bureaucracy for a project? A project management firm that promises to do everything for a major project and hand over a fully functional, ready-to-use deliverable is performing under a(n): How much value have we realized so far. C) budget. The section of the contractual documentation that identifies what are the excusable delays, allowable costs, and criteria for inspection is called the: B) design control. B) valid consideration. C) WBS codes to each activity. A) are the summary of the work packages that support it. A) project goal criteria. D) limitations. Please read our. C) reciprocity. Crop Production and Management Class 8 MCQ Questions with Answers, FRM 188 (Range Management) Long Test No. In the closing process, we must 1) identify accounts for closing 2) record and post the closing entries, and 3) prepare a post-closing trial balance. A) contractual requirements. A) how much money has actually been spent so far on the project. C) subdeliverable. B) all-inclusive contract. C) tangible. B) It is vital that a best approach to solving a problem be locked in as soon as possible to save analysis time downstream. B) risks and concerns section of the SOW. C) work packages D) scope baseline. D) management plan. A) problems. A) acceptance criteria Answer: TRUE Question 3 Question A comprehensive statement of work includes an estimate of time and costs, resource requirements, and the scope of the work to be performed. D) scope baseline. Integrated Management Of Childhood Illness (Imci) Quiz, Integrated Management of Childhood Illness (IMCI) Quiz. A) Subdeliverables have durations of their own. D) Subdeliverables summarize the outcomes of work packages. D) Scope management can begin once a project hits operational level. A) product. A) introduction and background B) lump-sum contract. Earned Value analysis was developed by the US Department of Transportation to dtermine the performance of large projects, What requirements must be in place for accurate Earned Value Management. C) design controls been appropriately deployed. D) a need-to-know basis. B) schedule D) management plan. B) trend monitoring been regularly performed. D) work product. What value of work should have been completed. "Neither of these courses is very attractive. A) project goal criteria. B) a brief and general description of the work to be performed. B) audit trail establishment. D) a configuration statement. When work is organized into cost control accounts: A lump-sum contract requires the customer to pay for the full delivered price of the project before any work is done. One consequence of conceptual development that proceeds with a problem that is poorly understood is: C) project delivery. D) monthly joint review report. C) resource requirements. A) go ahead. B) milestone designation chart. C) description and scope A) atoms. B) deliverables. sum of the costs incurred in accomplishing work. B) alternative analysis. B) cost. Chapter 4 E-commerce Quiz Multiple Choice, A chapter overview on Maths Mechanics-Moments. the total budgeted cost of the baseline or project cost accounts. B) a list of activities needed to complete the project Work authorization functions as the formal "It's OK to begin work," on the project. A) control account. B) deliverable. A) problem restatement. C) earned value. A project manager can identify personnel who will be directly responsible for each task in the project's development by using a(n):
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