Using the estimates given, calculate the beta distribution: most likely estimate (ML) = 72, optimistic estimate (O) = 55, pessimistic estimate (P) = 85. Round to one decimal point.

What tools or methods can he take to have a successful outcome?

Make-or-buy analysis

Make-or-buy analysis is a tool and technique of the Plan Procurement Management process.

Roshoud is the VP of customer operations for Galactic Kidz and the project funder of the latest project, called Project G. He discusses with Sally, the project manager, how they will respond to the risks identified. For one risk in particular, he asks Sally to facilitate the purchase of insurance to protect against a liability. Select the type of risk response:

Transfer

Purchasing insurance is an example of the transfer risk response. This involves shifting ownership of a threat to a third party to manage the risk and to own the impact if the threat occurs.

Which of the following estimate range describes a rough order of magnitude?

−25 percent to + 75 percent

A rough order of magnitude ranges from –25 percent to +75 percent, whereas a definitive range spans –5 percent to +10 percent.

What document will you use to gain this information?

Communications management plan

The best answer is the communications management plan, which is a subsidiary of the project management plan. While a project management plan is also a correct answer, the communications management plan is a more specific choice and therefore a better answer. Stakeholder communication requirements, escalation processes, and methods for receiving/obtaining information are all elements addressed within the communications management plan.

What do functional requirements present?

The behaviors of the product

Functional requirements describe the behaviors of the product, including actions, processes, data, and interactions that the product should execute.

At the end of a sprint, the Scrum team convened to talk through what went well and what could be advanced. One engineer mentioned that the recent changes to daily stand-ups were working. Select two actions that the Scrum team carried out?

Facilitated a sprint retrospective

Facilitated process improvement

The Scrum team held a sprint retrospective. In Scrum, this meeting is held at the end of every sprint and allows the team to identify what went well in the process during the recent sprint and what could have gone better, and they commit to improving at least one thing in the upcoming sprint. They are a combination of lessons learned and process improvement.

Where will these risks be documented?

A watch list

Low-priority risks are added to a watch list within the risk register, where they will be monitored for possible changes.

A project manager is operating with a risk manager to prioritize individual project risks. What project management process is connected with this activity?

Perform Qualitative Risk Analysis

The purpose of the Perform Qualitative Risk C. The purpose of the Perform Qualitative Risk Analysis process is to prioritize individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics.

Choose all the correct statements regarding Terri’s objective statement? (Select 3)

This statement describes an overview of the project, but it cannot be considered an objective statement because it’s missing some important elements.

Objectives describe what it is the project is trying to produce or accomplish, and requirements are specifications of the objective or deliverable.

Requirements have been mixed into the statement Terri wrote. One of the requirements in this statement is that “electronic identification stored in the tags should be fixed.”

This statement does describe some objectives but not adequately. Objectives are quantifiable criteria used to measure project success and should include schedule, cost, and quality metrics. There are no measures of time, Requirements describe the specifications of the objectives and typically wouldn’t be mixed into an objective statement. The objective should be clear and concise.

A project manager facilitates the voting process for decision-makers who have united to review a major outcome that has been completed. The intent of the discussion is to vote on whether to approve and accept the deliverable. What main input will the committee need to reference to elect?

Verified deliverables

The project manager is performing the Validate Scope process in this scenario, where a key output is the accepted deliverables. To accept deliverables, the committee would need to confirm that they have been verified through quality control activities. Verified deliverables are an input of the process.

After discussions with several subject-matter experts, the project manager determines that the project stages will need to occur one after the other. What project life cycle is the project manager doing?

Sequential

There are three series of project life cycles within the basic framework for managing projects: sequential, iterative, and overlapping. In a sequential life cycle, one phase must finish before the next phase can begin.

What produces the highest expense on most projects?

Resources

The greatest expense for most projects is resources, both human and material and supplies.

What activity is Chu and the team engaged in?

Daily Scrum

The Daily Scrum is intended to keep the team functioning on the same page, micro-commit to each other, and address any impediments immediately. In her role as Scrum master, Chu attends to support the team and ensure they understand their roles and Scrum processes.

You work as a project manager for Lightning Bolt Enterprises using a hybrid model to manage projects. Your new project includes the research and development of a new type of rechargeable battery. The project objectives should involve which of the following?

Quantifiable criteria, including elements such as cost, schedule, and quality measures

The project objectives should include quantifiable criteria that can be used to help measure project success. Project objectives should include schedule, cost, and quality measurements.

Using the estimates given, calculate the beta distribution: most likely estimate (ML) = 72, optimistic estimate (O) = 55, pessimistic estimate (P) = 85. Round to one decimal point.

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