QUESTION: 121

Lara has been assigned to a construction project. The project includes constructing a residential building with fifty flats. On which of the following events will the project be considered successful?

The project meets or exceeds the expectations of the stakeholders.
The building is complete and handed over to the authority concerned.
The keys of the first flat are handed over to the owner of the flat.
Successful possession of all flats is made.

Answer(s): A

Explanation:

A project is considered successfully completed when the stakeholder needs and expectations are met or exceeded.
What is a project?

In project management a project consists of a temporary endeavor undertaken to create a unique product, service or result. An other definition is a management environment that is created for the purpose of delivering one or more business
products according to a specified business case. Project have the following characteristics:
They are unique.
They are temporary in nature and have a definite beginning and ending date.
They are completed when the project goals are achieved.
Their success is measured by evaluating whether they meet or exceed expectations of the stakeholders.
Project objectives define target status at the end of the project, reaching of which is considered necessary for the
achievement of planned benefits. A project should be specific, measurable achievement, achievable, realistic, time bounded, ethical and recorded. The evaluation (measurement) occurs at the project closure.
However a continuous guard on the project progress should be kept by monitoring and evaluating.
Who are project stakeholders?
Project stakeholders are those entities within or without an organization, which:
Sponsor a project or, Have an interest or a gain upon a successful completion of a project. Examples of project stakeholders include the customer, the user group, the project manager, the development team, the testers, etc. Stakeholders are anyone who has an interest in the project. Project stakeholders are individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion. They may also exert influence over the project's objectives and outcomes.
The project management team must identify the stakeholders, determine their requirements and expectations, and, to the extent possible, manage their influence in relation to the requirements to ensure a successful project. Answer options D, C, and B are incorrect. These events are not the measurement of the project's success.

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QUESTION: 122

You are the project manager of a research project. Because much of the project work will be based on what is discovered in each stage of the project work, you are directing the project time to focus on creating time estimates for the most imminent research work and broad estimates for the project work that is coming later in the project.

What type of planning are you using in this project?

Milestone planning
Rolling wave planning
Phase gates
Decomposition

Answer(s): B

Explanation:

This is an example of rolling wave planning. Rolling wave planning focuses on the most imminent work in detail and creates estimates for the whole project and later work in broad estimates. Rolling wave planning is a form of progressive elaboration.
Rolling wave planning is a technique for performing progressive elaboration planning where the work to be accomplished in the near future is planned in detail at a low level of the work breakdown structure. The work to be performed within another one or two reporting periods in the near future is planned in detail as work is being completed during the current period.
Answer option D is incorrect. Decomposition describes the breakdown of the project scope into work packages, and then the work packages are broken down into project activities.

Answer option C is incorrect. Phase gates describe the review process associated with the end of project phases.

Answer option A is incorrect. Milestone planning defines the project milestones, not the activities required to reach the milestones.

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QUESTION: 123

Holly is a new project manager in your organization. She is working with you on the JHG project and she is confused as to why the project needs a schedule management plan and a schedule baseline.
What is the difference between the schedule management plan and the schedule baseline?

The schedule management plan describes how the schedule will be managed and controlled. The schedule baseline is used to compare with actual results to determine if a change, corrective action, or preventive action is needed.
The schedule management plan describes how the schedule will be managed and controlled. The schedule baseline is used to determine how accurate the schedule management plan has been throughout the project execution.
The schedule baseline describes how the schedule will be managed and controlled. The schedule management plan is used to compare with actual results to determine if a change, corrective action, or preventive action is needed.
The schedule management plan describes how the schedule will be created. The schedule baseline is used to compare with actual results with what the project manager intended.

Answer(s): A

Explanation:

The schedule management plan is the intent of the project manager. It defines how the schedule will be managed and controlled. The schedule baseline is a benchmarking tool to compare actual results against the planned results.
Answer options C, D, and B are incorrect. These are not valid definitions of the schedule management plan and the schedule baseline.

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QUESTION: 124

You are the project manager for your company. You are currently working with your project team to begin sequencing the activity list. You will need organizational process assets and four other documents as inputs to this process.
Which of the following is NOT one of the four documents you will need for activity sequencing?

Project scope statement
Milestone list
Project schedule network diagrams
Activity list

Answer(s): C

Explanation:

The project schedule network diagram is an output of the sequence activity process, not an input. This process uses five inputs: the activity list, the activity attributes, milestone list, the project scope statement, and the organizational process assets.
The project schedule network diagram is an output of the sequence activity process. It represents a schematic display of the project's schedule activities and the logical relationship among them. This diagram can be produced manually or by using the project management
software. It consists of complete project details, or one or more summary activities.
Answer options D, B and A are incorrect. These are inputs to the process.

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