B339_L05 Recap

A scope statement is an overall definition of what the project is supposed to accomplish.

• True

• False

• Maybe

• I don't know

A scope statement is important in the planning stage of project management. Which of the following statements is false?

• A scope statement defines all elements of the project, including assumptions made.

• A scope statement is prepared during the stage when approval is being sought for authorization to proceed with the project.

• A scope statement covers what is to be done and may also include some assumptions about the project.

• A scope statement must have a checklist of items to be completed during the execution of the project.

1.    Anyone who has an interest in the project or will be affected by it is known as a _______________?

• Stakeholder

• Employee

• Partner

• Buyer

Which of the following is NOT part of a scope statement?

• Schedule and due dates

• Project scope and tasks

• Cost and resource allocation

• Scope creep and change requests

In which phase of project management phases, would a project manager use a Work Breakdown Structure (WBS)?

• Initiation phase

• Planning phase

• Execution phase

• Control phase

You are the project manager for the development of a new running shoe. Which of the following is a DIRECT Cost when doing cost estimation for this project?

• Business expenses

• Cost of materials that go into the making of the new running show.

• Cost of advisements to promote the brand image of the company

• Cost of electricity for the office the project manager works at

Image Inc. planned to upgrade their IT system so that additional information could be provided to the Finance team. In doing the cost estimate for this IT ugrade, the project team reviewed the cost of implementing a new data field and multiplied that by the actual number of new data fields required.

 

This method of cost estimation is best described as ____________ cost estimation.

• Top down approach

• 3-points estimating approach

• Comparative approach

• Bottom-up approach