1. 1. (TCO 1) Which document is created during the initiation phase of a project? (Points : 5) The scope The project schedule The project charter The project communication plan Question 2. 2. (TCO 1) The purpose of a project charter is to (Points : 5) define the project. allow for the creation of a WBS. authorize the project. define detailed project risks. Question 3. 3. (TCO 2) Which step of the project life cycle defines the project scope? (Points : 5) Initiation Planning Execution Close out Question 4. 4. (TCO 2) Which statement is an example of a project constraint? (Points : 5) \"If the parts arrive late, we will not finish on time.\" \"We must get permits before we start work.\" \"I believe the contracts will be signed by the 15th.\" \"The paving of the parking lot is a major piece of work for this project.\" Question 5. 5. (TCO 3) The critical path in a project describes which of the following? (Points : 5) The path containing the most important pieces of work The longest path in a project The activities with the highest risk The activities with the highest cost to the project Question 6. 6. (TCO 3) What values are calculated on the forward pass of a project network? (Points : 5) Early start; late start Early start; early finish Late start; late finish Early finish; late finish Question 7. 7. (TCO 5) In which process of risk management are risks prioritized or ranked? (Points : 5) Plan risk management Identify risks Control risks Qualitative risk analysis Question 8. 8. (TCO 5) Contingency plans are created (Points : 5) to proactively address the risk. to respond to the risk should the risk occur. to gather information on vital risks. to avoid red risks in the project plan . ESSAY QUESTIONS: 1. (TCO 1) Before one can begin writing a charter, one must consider the most appropriate organization for the project. You are the project manager for a company that integrates custom data solutions for large corporate enterprises. This project will span two or three years and will cost tens of millions of dollars. This is a large, very involved project. Which of the five organization structures is most suitable? Why? (Points : 20) 2. (TCO 2) You are a project manager at a bike shop. You just received a shipment of new bikes that need to be assembled. For each bike, the frame needs to be set, which includes the bike frame, handle bars, and the seat. The wheels need to be mounted. The braking system needs to be installed. Before a bike can be sold, it needs to be tested by the quality team and road tested. You have assembled your team of experts and they are anxious to get started. Part 1: To ensure you have a clear scope for your team, create a 2-level WBS. Don't forget to include your WBS numbering. (15 points) Part 2: In your WBS, how many work packages have been created? (5 points) (Points : 20) 3. (TCO 3) Compare and contrast crashing and scope reduction as means of schedule reduction. (Points : 20) 4. (TCO 5) A firm stores data for other organizations. The company stores data across many states, providing backup data storage for state, municipal governments, and large corporations. The firm is deploying a new set of storage devices that are faster, denser, and more energy efficient. Part 1: List and discuss the major risk management functions from a project management perspective for the new data storage project. (15 points) Part 2: Describe a positive and a negative risk event, the related consequences, and the risk response plan for each of the two risks for the new data storage project. (5 points) (Points : 20) 5. (TCO 9) Compare and contrast how a scope is created in traditional project management versus one created in agile project management. (Points : 20)