The document discusses concepts related to project management including:
1. A project is considered successful when it achieves its objectives and meets stakeholder expectations.
2. When a project plan does not account for all costs, the project manager should revisit the plan to determine how to accommodate changes while still delivering value to customers.
3. The project manager's authority relates to organizational structure, stakeholder power, and management interaction.
The document discusses concepts related to project management including:
1. A project is considered successful when it achieves its objectives and meets stakeholder expectations.
2. When a project plan does not account for all costs, the project manager should revisit the plan to determine how to accommodate changes while still delivering value to customers.
3. The project manager's authority relates to organizational structure, stakeholder power, and management interaction.
The document discusses concepts related to project management including:
1. A project is considered successful when it achieves its objectives and meets stakeholder expectations.
2. When a project plan does not account for all costs, the project manager should revisit the plan to determine how to accommodate changes while still delivering value to customers.
3. The project manager's authority relates to organizational structure, stakeholder power, and management interaction.
The document discusses concepts related to project management including:
1. A project is considered successful when it achieves its objectives and meets stakeholder expectations.
2. When a project plan does not account for all costs, the project manager should revisit the plan to determine how to accommodate changes while still delivering value to customers.
3. The project manager's authority relates to organizational structure, stakeholder power, and management interaction.
1. A project is considered successful when __________________.
A. the product of the project has been manufactured.
B. the project sponsor announces the completion of the project. C. the product of the project is turned over to the operations area to handle the ongoing aspects of the project. D. the project achieves its objectives and meets the expectations of the stakeholders. 2. The VP of customer service has expressed concern over a project in which you're involved. His specific concern is that if the project is implemented as planned, he'll have to purchase additional equipment to staff his customer service center. The cost was not taken into consideration in the project budget. The project sponsor insists that the project must go forward as originally planned or the customer will suffer. Which of the following are true? (Choose two.) A. The VP of customer service is correct. Since the cost was not taken into account at the beginning of the project, the project should not go forward as planned. Project initiation should be revisited to examine the project plan and determine how changes can be made to accommodate customer service. B. The conflict should be resolved in favor of the customer. C. Stakeholder identification should occur as early in the project as possible. D. The conflict should be resolved in favor of the VP of customer service. 3. The amount of authority a project manager possesses can be related to which of the following? (Choose three.) A. The organizational structure B. The power and influence key stakeholders possess on the project C. The interaction with various levels of management D. The project management maturity level of the organization E. The project management methodology you'll use to manage the project 4. Which of the following are true regarding functional organizations? (Choose three.) A. All employees report to one manager and have a clear chain of command. B. Organizational structures and culture are independent from the project management methodology you'll use to manage the project. C. The organization is focused on projects and project work. D. Teams are co-located. E. Using adaptive and hybrid methodologies in this structure is possible but can be challenging. 5. You have completed the Develop Project Charter and Identify Stakeholder processes. What phase does this relate to in the Six Sigma DMAIC methodology? A. Analyze B. Control C. Measure D. Define 6. It is important for a project manager to identify stakeholders and understand their needs, interests, and influence. All of the following are true regarding stakeholders in this context except which one? A. Organizational structures and hierarchy, culture, geographic locations, global trends, and locations of resources and facilities can impact stakeholder power, influence, and interest on the project. B. Stakeholders often have conflicting interests and the project manager needs to understand the conflicts in order to resolve them and manage stakeholder expectations. C. Stakeholders may have the power and influence to cause issues on the project. You'll need to identify and assess them so that you know their needs and can address issues early in a way that keeps the stakeholders engaged. D. The Identify Stakeholder process should be repeated often throughout the project. E. All of the above. 7. You have performed variance analysis and discovered that you need to take action to get the project back on track. Which of the following are true? (Choose two.) A. Corrections and changes due to variance analysis findings can be made quickly using an agile project management methodology. B. Variance analysis compares the work performed to the project management baseline documents such as schedule, cost, and scope. C. The project sponsor is responsible for ensuring corrective actions are taken to get the project back on track no matter which project management methodology you are using. D. Change requests may bring about corrective actions. 8. The VP of customer service has expressed concern over a project you are managing. Her specific concern is that if the project is implemented as planned, she'll be missing an important feature enabling a call-back function where customers will not have to wait online but will receive a call back when they are next up in the queue. This functionality was not taken into consideration in the project plan, and this new wrinkle will delay the project by two months. The business value for this project is improving customer satisfaction. Customer surveys show that satisfaction levels are low when it comes to wait times and overall call resolution time. The CEO was expecting this project to go live early in the fiscal year so that customer service scores would show an improvement, thereby increasing satisfaction along with making the board happy. Which of the following is true regarding this scenario? A. This project was brought about due to customer requests. B. Customer satisfaction surveys could be used to determine if the business value was met. C. The project manager must champion the business value for this project. D. The project manager should consider delivering business value incrementally by using an agile approach. E. All of the above. 9. Match the following categories associated with analyzing stakeholders in the Salience model with their classification. Category Classification A. Legitimacy + urgency 1. Dangerous B. Power 2. Dependent C. Power + urgency 3. Dominant D. Urgency 4. Dormant E. Legitimacy 5. Discretionary F. Power + legitimacy 6. Demanding 10. Which term refers to those values that will lead to short- and long-term benefits for the organization? A. Business process improvement B. Business value C. Continuous improvement D. Value network 11. You have identified, obtained contact information for, assessed, classified, and prioritized your stakeholders. Which of the following is true? (Choose three.) A. You have documented this information in the stakeholder register. B. You should use caution when making some of this information available to all project stakeholders. C. You have used the power/interest grid to obtain this information. D. You've analyzed influence, power, interest, impact, directions of influence, and power, urgency, and legitimacy as part of the tools and techniques of the Identify Stakeholder process. 12. Match the following roles in the agile methodologies with their titles. Role Description A. 1. The title similar to a project manager in the Lean methodology Product owner B. Sensei 2. The title similar to a project manager in the Kanban methodology C. Flow 3. A Six Sigma title master D. Team 4. Also known as the Scrum master. Coordinates the work of the sprint facilitator E. Black 5. The liaison between the Scrum master and the stakeholders in a belt Scrum methodology. Also known as the voice of the customer 13. All of the following are examples of business value except which one? A. Create a new car model that's never been offered before. B. Implement a new accounting system. C. Create goodwill. D. Improve employee engagement. E. A and B 14. The VP of Human Resources has requested a new timekeeping project for their machine shop workers. The business value for this project is improving payroll accuracy. The workers are threatening a strike because of the antiquated system in place now. The current system has ancient time clocks that rarely work, causing the workers to revert to paper timecards. This creates multiple errors in overtime pay and shift differential pay. Which of the following is true regarding this scenario? (Choose three.) A. The project sponsor is the one responsible for delivering the business value of this project. B. Urgency is objective and is defined by the project sponsor. C. The urgency to deliver this project is the potential of an impending strike. D. The goals of the project must be met within the time frame outlined in the project plan in order to realize business value. E. The project manager should examine business value creation and compare this to the project management documents, such as the project charter, to ensure that the goals of the project are met and the business value is realized. 15. You are using an agile approach to deliver business value incrementally. What other elements of business value should you be focused on? (Choose two) A. Examining business value throughout the project B. Reporting on business value only at the end of the project C. Accepting suggestions about delivering incremental business value and ensuring that business value is achieved when the project is complete D. Discussing business value with the project sponsor, recording it in the project charter, and expecting project team members and stakeholders to refer to this periodically 16. How will you know that business value is being achieved? A. By observing the work product B. By asking the project sponsor C. By measuring business value using KPIs D. By requiring the project team to report on business value 17. Your project requires contract resources with specific subject matter expertise to deliver business value. All of the following are true except which one? A. The contractor is a member of the business value network. B. The business value network is made up of external resources such as contractors, subject matter experts, suppliers, and delivery services. C. Members of the value network work together to bring about business value to their customer, their organization, the end-user customer, and stakeholders. D. It is the project manager's responsibility to ensure that the contractor understands the business value the project was created to bring about. 18. You are using an agile project management methodology to deliver business value. During each iteration, you and the team members are breaking down tasks into tangible components that have enough features and functionality to allow the customer to examine value and provide feedback to the team. Which of the following are true regarding this question when using a Scrum methodology? (Choose two.) A. The product owner will determine whether business value has been achieved. B. The project team will manage and prioritize the product backlog and choose the user stories for the upcoming iteration that can be broken down to the minimum viable product. C. The Scrum master will assist the team in breaking down the user stories and assign each team member tasks for the upcoming iteration. D. You are creating the minimum viable product. 19. Which of the following is true regarding assisting the team in subdividing tasks into the minimum viable product? A. Each iteration will produce enough features to examine business value. B. Each iteration will provide an opportunity for feedback on future iterations. C. The minimum viable product allows the customer to see or experience the business value that was created. D. All the options are correct. 20. All of the following are true regarding supporting the team in subdividing tasks into the minimum viable product except for which one? A. Business value is delivered incrementally. B. Adjustments or corrections can only be made at the end of the iteration. C. This process is used in an agile project management methodology, allowing small, tangible results to be delivered at the end of each iteration. D. Tasks can be completed quickly, tested, and shown to the customer in a short period of time.