midterm var 4

In Tuckman's Team Development Model, which stage immediately follows 'Forming'?

• • Storming

• • Norming

• • Performing

• • Adjourning

A project is scheduled to be completed in 40 days. The team decides to work 2 additional hours each day to reduce the timeline by 25%. If the original workday is 8 hours, what is the new project duration?

• • 30 days

• • 32 days

• • 35 days

• • 36 days

A project team of 4 members receives a bonus of $4000 for completing a project ahead of schedule. If the bonus is to be distributed based on their contribution percentages of 25%, 25%, 30%, and 20% respectively, how much does the third member receive?

• • $800

• • $1000

• • $1200

• • $1600

In an Agile project team, which role is responsible for maximizing the value of the product resulting from work of the Development Team?

• • Scrum Master

• • Project Manager

• • Product Owner

• • Team Lead

An investor is considering two projects. Project X has a 70% chance of doubling the investment in a year, while Project Y has a 50% chance of tripling the investment. What is the probability that both projects will succeed in doubling or tripling the investment, respectively?

• • 20%

• • 28%

• • 31%

• • 35%

A project is initially planned for a team of 5 members, each working 40 hours a week, with a deadline of 15 weeks to complete a project requiring 3,000 work hours. The project plan is adjusted to include a sixth team member. However, this new member can only contribute 30 hours per week due to part-time status. Additionally, it's estimated that incorporating the new team member will require an initial 20-hour training session conducted by the existing team, effectively reducing their work hours in the first week. Assuming productivity increases linearly with additional manpower, what is the adjusted project completion time?

• 11 weeks, as the increase in team size more significantly offsets the training time and part-time status.

• 12 weeks, accounting for the reduced work capacity of the sixth member and the training time.

• • 13 weeks, considering the time taken for training and the part-time hours of the new member.

• • 14 weeks, due to the initial decrease in productivity caused by the training requirement.

A company evaluates two projects: Project X has an expected NPV of $100,000 with a standard deviation of $20,000, and Project Y has an expected NPV of $150,000 with a standard deviation of $50,000. If the company's decision criterion is to maximize expected NPV while considering risk, which project should they choose?

• • Project X, for its higher certainty in outcomes

• • Project X, as it represents a lower risk

• • Project Y, accepting the higher risk for greater returns

• • Project Y, for its higher expected NPV

Which technique is most effective for motivating project teams?

• • Implementing strict deadlines

• • Providing clear goals and acknowledging achievements

• • Limiting team interactions to professional topics only

• • Assigning tasks without input from team members

Why is it important to clearly define roles and responsibilities at the beginning of a project?

• • To ensure compliance with industry standards

• • To minimize the need for meetings

• • To prevent role overlap and confusion

• • To facilitate faster project completion

Why is having a clear vision crucial for the success of a project?

• • It ensures the project is completed under budget.

• • It provides direction and motivates the team.

• • It guarantees the use of the latest technology.

• • It prevents any changes in project scope.