Create wbs - Study guides, Class notes & Summaries

C. This is an example of using the previous project as a template. Rolling wave planning is incorrect because rolling wave planning describes the detailed planning of the imminent project work, and the high-level planning of work is further away in the project schedule. Analogous estimating describes the method of using a similar project to create the current project's time and/or cost estimate. Expert judgement is using an expert to provide needed info for the current project. Chapter 6 1. You...

GFEBS Project Systems Course Questions and Answers Latest Update 2024 (GRADED) What is a project definition?: The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project; it de...

SAP Certification Practice Exam 241 Questions with Verified Answers Which of the following control parameters determines the scope of the MRP run in SAP S/4HANA? - Processing key - Purchase requisition - Planned order - Planning mode - Schedule line - CORRECT ANSWER - Processing key What is the highest organizational unit in warehouse management? - Warehouse number - Storage selection - Storage bin - Storage type - CORRECT ANSWER - Warehouse number What happens when we post...

WBS Dictionary correct answers A document that provides a description of each component - who is responsible for development - statement of work (SOW) - important milestones - estimate of costs and required resources Resource Scheduling correct answers A collection of techniques used to calculate the resources required to deliver the work and when they will be required. 1. create a network activity diagram first 2. adjust according to resource availability Duration correct ans...

APM PMQ Question and answers 100% correct 2024/2025 APM PMQ 1.1 Explain three difference between functional and matrix organisation structures. - correct answer 1. Who to report to. 2. Individual skills/experience. 3. Progression for members. 1.1 Explain three difference between functional and project organisation structures. - correct answer 1. Who to report to. 2. Duration of team. 3. Individual skills/experience. 1.2 Explain two ways in which a organisational breakdown stru...

CAPM PRACTICE Exam 89 QUESTIONS with Verified Answers For which of the following project management knowledge areas, accountability cannot be delegated by the project manager to someone else? A. Integration Management B. Schedule Management C. Cost Management D. Scope Management - CORRECT ANSWER A. Integration Management What can be tailored as part of project integration? A The appraisal process of the organization to suit the project team members B The project and development lif...

What is a project: - Answer- "A temporary endeavor undertaken to create a unique product, service, or result" What are four phases of project: - Answer- Initiating Planning Executing Concluding PMBOK: - Answer- Project Management Body of Knowledge Three Constraints of a Project: - Answer- Time Resources Cost Scope Statement: - Answer- Written confirmation of what the project will deliver Key document that bind you (the pm), the team and the projects sponsor. What se...

19 -CAPM Final Practice Exam 150 Questions with Verified Answers The processes required to define the scope of the project, refine the objectives, and determine the appropriate course of action to achieve the project objectives. A. Executing process group B. Monitoring and controlling process group C. Scoping process group D. Planning process group - CORRECT ANSWER Workbook, CAPM Final Practice Exam, page 210, #1 Answer: D The processes that track, review, and regulate the p...

Information Technology Project Management Final Exam Questions and Answers 100% Pass project - Correct Answer ️️ -a temporary endeavor undertaken to create a unique product, service, or result Operations - Correct Answer ️️ -work done to sustain the business Projects end - Correct Answer ️️ -when their objectives have been reached or the project has been terminated Project Attributes - Correct Answer ️️ -unique purpose, temporary,Requires resources, Involves uncertainty ...

CAPM Exam 1|100 Questions with Verified Answers You are a project manager for your company and are helping management choose a project. You've been presented with the following information: Project 1 has a net present value of $25,000 and will take five years to complete. Project 2 has a net present value of $45,000 and will take two years to complete. Project 3 has a net present value of $33,500 and will take six years to complete. Which project should your company choose to complete? - COR...