Engineering Project Management Initiating and Planning Coursera Quiz Answer [💯Correct Answer]

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Engineering Project Management Initiating and Planning Answer

Week- 1: Reflection

1.
Question 1
Think about a project that you worked on where risks were identified. What did you do to mitigate the risks? Now that you’ve been through this module, would you have handled the situation differently? How so?

1 point
What do you think?

Yes, I would have handled the situation in a simple way
Module 1 Quiz

1.
Question 1
The objectives of project risk management are to decrease the likelihood of positive events and increase the probability of negative events. ( ↓ likelihood of + events and ↑ probability of – events)

1 point

  • True
  • False

2.
Question 2
Which is not a type of Risk Analysis?

1 point

  • Cost Risks
  • Cost Estimate Contingency
  • Schedule Contingency

3.
Question 3
What is a key input to the Risk Management Plan?

1 point

  • Project Management Plan
  • Stakeholder Register
  • Organizational Process Assets
  • All of the above

4.
Question 4
When identifying risks, who should you not include in your interviews?

1 point

  • Yourself
  • Subject Matter Experts
  • Risk Managers

5.
Question 5
Which is not a process included in the qualitative analysis used to prioritize risks?

1 point

  • Identify the likelihood the event will occur
  • Measure the impact of the event
  • Create a project rating
  • Sort risks in priority ranking based on the severity

6.
Question 6
A likelihood rating of 5 (nearly certain) has what probability of occurring?

1 point

  • >90%
  • >85%
  • >80%

7.
Question 7
Transfer strategies move the risk to _____ who is better equipped to handle it.

1 point

  • Your boss
  • A third party
  • The project manager

8.
Question 8
Which is not one of the four strategies for positive risks or opportunities?

1 point

  • Transfer
  • Exploit
  • Enhance
  • Share

9.
Question 9
Monitor Risks include:

1 point

  • Risk Reassessment
  • Risk Audits
  • Reserve Analysis
  • All of the above
Peer-graded Assignment: Risk Analysis Assignment

Download

Week- 2: Reflection

1.
Question 1
For your industry, what are the key deliverables? For what parts of those deliverables is it critical to do quality checks and what is the best methodology for checking them?

1 point
What do you think?

To ensure a good partner
Module 2 Quiz

1.
Question 1
Who is responsible for quality?

1 point

  • All of the below
  • All members of the team
  • Ultimate responsibility lies with management

2.
Question 2
Why is quality important to a Project Manager?

1 point

  • Decreases customer satisfaction
  • Increases costs
  • Helps brand

3.
Question 3
What is included in a quality management plan?

1 point

  • Scope baseline
  • Schedule baseline
  • Cost baseline
  • All of the above

4.
Question 4
Cost quality is a way to compare planned preventive costs with possible corrective costs indicating the total quality cost of a project.

1 point

  • True
  • False

5.
Question 5
Which is not included as a cost associated with quality?

1 point

  • Successes
  • Prevention
  • Appraisal

6.
Question 6
How do you identify risks to your project or its quality?

1 point

  • Use tools to help identify potential risks after they happen
  • Use tools to help identify potential risks before they happen
  • Use tools to help identify potential risks while they are happening

7.
Question 7
Quality assurance ensures that there is confidence that the product will meet the agreed upon standards and requirements.

1 point

  • True
  • False

8.
Question 8
Process decision program charts help….

1 point

  • Analyze data within a project
  • Decompose the project to help identify dependencies
  • In contingency planning

9.
Question 9
What is used to complete quality controls in order to ensure that you are meeting your agreed upon goals for quality?

1 point

  • Cost Audit
  • Risk Audit
  • Quality Audit
Peer-graded Assignment: Cost of Quality Assignment

Download

Week- 3: Reflection

1.
Question 1
A project Dream Team. What would that look like for you? What type of skills, personalities, and character traits would you want for your team? Tell us about your ideal team!

1 point
What do you think?

The team must be best in all terms
Module 3 Quiz

1.
Question 1
What is an example of an external factor that should be considered while building the team?

1 point

  • Processes
  • Policies
  • Availability

2.
Question 2
Which of these are true regarding Virtual Teams?

1 point

  • Virtual teams are generally less diverse and have less overall expertise
  • Virtual teams can save money
  • Virtual teams are ideal when necessary team members aren’t geographically co-located or available
  • Communication in virtual teams is easier

3.
Question 3
What does the actual management of the team not include?

1 point

  • Tracking performance
  • Providing feedback
  • Resolving issues
  • Expecting perfect performance

4.
Question 4
Which of these is the correct order of the stages of team development?

1 point

  • Forming, Storming, Norming, Performing, Adjourning
  • Norming, Forming, Storming, Performing, Adjourning
  • Forming, Storming, Performing, Norming, Adjourning

5.
Question 5
For each unique project, the PM should take into account the following when determining resources suited for the project: diversity, location, industry-specific resources, acquisition of team members, management of the team, and life cycle approaches

1 point

  • True
  • False

6.
Question 6
What can you do as the PM to make the team more effective?

1 point

  • Team-building activities
  • Team training
  • Interpersonal communication
  • All of the above

7.
Question 7
Budget, time, contracts, other projects, etc. are constraints that may impact the project and team.

1 point

  • True
  • False

8.
Question 8
What methods should be used to track resources and outcomes of a project?

1 point

  • Resource Management Plan
  • Schedule Baseline
  • Cost Baseline
  • All of the above

9.
Question 9
Managing the team may be challenging especially when there is conflict or unforeseen challenges facing the team.

1 point

  • True
  • False

10.
Question 10
Which is not an output due to effective management?

1 point

  • Updated documents
  • Change requests
  • Leaving internal processes the same
Week- 4: Reflection

1.
Question 1
What are your thoughts on incentive-based contracts? Do you see them being effective in your area of work? When and how would you use them?

1 point
What do you think?

I use in some area of work
Module 4 Quiz

1.
Question 1
Which is a part of the Project Procurement Management Process?

1 point

  • Initiating and Planning
  • Executing
  • Monitoring and Controlling
  • All of the above

2.
Question 2
The seller of the goods, services, or results will typically treat the procurement event as a(n) _____.

1 point

  • Event
  • Project
  • Transaction

3.
Question 3
Consider buying when:

1 point

  • The organization has the capability to perform the Work
  • Suppliers have greater expertise
  • Its more cost effective to do the work internally
  • All of the above

4.
Question 4
What is the most commonly used Fixed Price Contract?

1 point

  • Fixed Price with Economic Price Adjustment
  • Fixed Price Incentive Fee
  • Firm Fixed Price Contracts

5.
Question 5
A time and material contract can resemble a fixed fee contract by using what?

1 point

  • Fixed fee
  • Unit rate prices
  • Sliding fee

6.
Question 6
What is included in the Procurement Statement of Work?

1 point

  • Quality requirements
  • Performance data
  • Work locations
  • All of the above

7.
Question 7
Source Selection Criteria are set as part of the Procurement Plan to rate or score proposals.

1 point

  • True
  • False

8.
Question 8
What is included in the Agreement Contents?

1 point

  • Statement of Work
  • Payment Terms
  • Change Request Handling
  • All of the above

9.
Question 9
Which is a part of a close procurement?

1 point

  • Procurement Performance Reviews
  • Payment Systems
  • Lessons Learned Documentation
Course 3 Final Exam

1.
Question 1
What is project quality management?

1 point

  • The processes or activities an organization takes to identify quality requirements.
  • The processes or activities an organization takes to identify quality requirements and how they meet those qualifications or standards fulfilling stakeholder needs.
  • How an organization meets qualifications or standards in order to fulfill stakeholder needs.

2.
Question 2
Consider buying when…

1 point

  • The organization has the capability to perform the work.
  • It’s more cost effective to do the work internally
  • Suppliers have greater expertise
  • All of the above

3.
Question 3
How do you identify risks to your project or its quality?

1 point

  • Use tools to help identify potential risks before they happen.
  • Use tools to help identify potential risks after they happen.
  • Use tools to help identify potential risks while they are happening.

4.
Question 4
Which is not a process included in the qualitative analysis used to prioritize risks?

1 point

  • Identify the likelihood the event will occur
  • Measure the impact of the event
  • Sort risks in priority ranking based on the severity
  • Create a project rating

5.
Question 5
A quality plan that is properly implemented prevents issues and _____ the number of identified problems during final inspection.

1 point

  • Decreases
  • Increases
  • Cancels out

6.
Question 6
The level of risk depends on…

1 point

  • Likelihood and Severity
  • Likelihood and Cost
  • Severity and Cost

7.
Question 7
Which is a part of the Project Procurement Management Process?

1 point

  • Initiating and Planning
  • Executing
  • Monitoring and Controlling
  • All of the above

8.
Question 8
The objectives of project risk management are to decrease the likelihood of positive events and increase the probability of negative events.

1 point

  • True
  • False

9.
Question 9
Transfer strategies move the risk to _____ who is better equipped to handle it.

1 point

  • Your boss
  • The project manager
  • A third party

10.
Question 10
Managing and leading a project means that you must not only manage the execution of the _____, but the management of the _____ as well.

1 point

  • Project, yourself
  • Team, yourself
  • Project, team

11.
Question 11
What is used to complete quality controls in order to ensure that you are meeting your agreed upon goals for quality?

1 point

  • Cost Audit
  • Quality Audit
  • Risk Audit

12.
Question 12
What does the actual management of the team not include?

1 point

  • Expecting perfect performance
  • Tracking performance
  • Providing feedback
  • Resolving issues

13.
Question 13
Budget, time, contracts, other projects, etc. are constraints that may impact the project and team.

1 point

  • True
  • False

14.
Question 14
Which is not an output due to effective management?

1 point

  • Updated documents
  • Leaving internal processes the same
  • Change requests

15.
Question 15
A Risk Management Plan…

1 point

  • Documents how to conduct the risk management activities.
  • Aligns the project risk approach with the risk profile of the organization.
  • Communicates the project risk approach to the stakeholders and helps to gain support.
  • All of the above

16.
Question 16
A time and material contract can resemble a cost-reimbursable contract by using what?

1 point

  • Fixed fee
  • Sliding fee
  • Unit rate prices

17.
Question 17
What is included in a quality management plan?

1 point

  • Scope baseline
  • Schedule baseline
  • Cost baseline
  • All of the above

18.
Question 18
Which is a part of a control procurement?

1 point

  • Acceptance of Final Documentation
  • Lessons Learned Documentation
  • Procurement Performance Reviews

19.
Question 19
The seller of the goods, services, or results will typically treat the procurement event as a(n) _____ .

1 point

  • Project
  • Event
  • Transaction

20.
Question 20
Which of these is the correct order of the stages of team development?

1 point

  • Norming, Forming, Storming, Performing, Adjourning
  • Forming, Storming, Norming, Performing, Adjourning
  • Forming, Storming, Performing, Norming, Adjourning

21.
Question 21
What is the most commonly used Fixed Price Contract?

1 point

  • Firm Fixed Price Contracts
  • Fixed Price with Economic Price Adjustment
  • Fixed Price Incentive Fee

22.
Question 22
What is a key input to the Risk Management Plan?

1 point

  • Project Management Plan
  • Stakeholder Register
  • Organizational Process Assets
  • All of the above

23.
Question 23
What is included in the Procurement Statement of Work?

1 point

  • Quality requirements
  • Performance data
  • Work locations
  • All of the above

24.
Question 24
What does quality assurance not include?

1 point

  • Inspection of the process and continuous process improvement
  • Uses tools to identify whether or not the project is meeting agreed upon quality standards
  • Is often overseen by the project manager

25.
Question 25
What can you do as the PM to make the team more effective?

1 point

  • Team-building Activities
  • Interpersonal Communication
  • Team Training
  • All of the above

Conclusion

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