Verizon 6:06 PM 34% ! Advanced Project Management Chapter 2 1 Which of the follo
ID: 362243 • Letter: V
Question
Verizon 6:06 PM 34% ! Advanced Project Management Chapter 2 1 Which of the following is an esxample of secondary factor for a success of a project? within the budget t. Technical superiority d. Desired level of quality 2 Match the cribical ailure factors with the cormesponding eritical success factors in Exncutive Critical falure factor elieving that project a) Comider ansociabes bl Recognine thait change is Unwaling to admit that change which of the blowing is considered the internal best practices to measure of success? b. Critical performance indicators C. Key success factors d. All of the above 4 Key performance indicators allow us to what we do right and b. Minimce. Correct . Increase, Decrease d. Support, discourage S. Driving force for Excellence at Exel does not include d. Customers demand project management expertise 6 Development of a management cost/ schedule control system belongs to which phase of the project life cycle?Explanation / Answer
Chapter #2 Quiz #2
1. Primary success factors for a projects are ones which are important for customer while Secondary success factors provide internal benefits.
Out of options give, Technical Superiority(C) is secondary factor as it provides internal benefits while customer will be happy as long as product is working within acceptable quality.
2.
A - ii
B - iii
C - i
3. Key Performance Indicators (A) are best internal practice to measure success.
Critical performance indicators are critical areas in which success is important for a project but KPIs are best tool to measure success. Key success factors are 3-5 important areas which a company focus on to attain its long term success.
4. KPIs allow us to maximixe what we do right and correct what we do wrong. As it helps to measure our performance regularly we can correct if something is going wrong and keep doing what helps are getting our results every week.
5. Inconsistency in execution (B) can not a driving force for excellence for any organization.
6. Development of Management cost/shcedule control belongs to Maturity phase (D) of project life cycle
7. All of above (C)
8. Growth phase can occur in parallel to other phases
9. D (All of the above). All the factors mentioned - End goal, contigencies and critical points, planning - are critical to success of a project
10. True. It takes few months to employ PM frameworks in entire organization.
Chapter#3 . Quiz #3
1. Driving force
2. Capital projects. Manufacturing organizations spend million of dollars on capital project every year and it is not possible to manage the entire cycle without a good project management
3. Capital projects. Company realized the need for project management as size of capital projects was growing.
4. Competitiveness. Companies such as HP and IBM market successful project management as competitve advantgae.
5. New product development
6. True. A company can be driven my multiple forces
7. Line managers who do understand the need of project management and are restricted to old ways of working can be obstacle to successful implementation and need executive support to overcome the thought process
8. New product development
9. Informal project management is not a component of survival
All components of survival are
10. True
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