Final Exam - PM

2/26/2021 Final Exam Project Managemnt
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Home / My courses / 04720-1-21 / Week 07: February 22nd - 28th / Final Exam Project Managemnt
Started on Thursday, 25 February 2021, 6:36 PM

State Finished
Completed on Thursday, 25 February 2021, 8:06 PM
Time taken 1 hour 29 mins
Grade 14.50 out of 20.00 (73%)
Question 1
Complete
Mark 0.00 out of 1.00
Single word that is based on experience and is derived from an agree-upon process to complete work or achive a result.
Answer: Project quality management
https://uevirtual.ue.edu.pe/moodle/mod/quiz/review.php?attempt=364172 1/13
Question 2
Complete
Single word term that defines the degree to which the project fulfills requirements.
Answer: Quality management plan
Question 3
Complete
This term is used for a tool that is arranged according to an organization’s existing departments, units, or teams, with the project
activities or work packages listed under each department.
Answer: Organizational Breakdown Structure
Comment:
Question 4
Complete
Please match the concepts of quality and grade with the examples.
A product with a limited number of features and many defects. Low quality and low grade.
A product with numerous features and many defects. High quality and low grade.
A product with a limited number of features but no obvious defects. Low quality and high grade.
A product with numerous features and no obvious defects. High quality and high grade.
Your answer is partially correct.

You have correctly selected 2.
Question 5
Complete
Typical steps on documenting the Procurement Management Plan:
Mark the one that is NOT in the text.
Select one:
a. Prepare and submit proposals by the buyer.
b. Identify a short list of qualified sellers.
c. Prepare a high-level cost estimate.
d. Prepare the procurement SOW or TOR.
e. Advertise the opportunity.
Your answer is correct.
Question 6
Complete
Project cost control includes:
Mark the option that does NOT belong.
Select one:
a. Ensuring that all change requests are acted on in a timely manner.
b. Influencing the factors that create changes to the authorized cost baseline.
c. Bringing expected cost overruns within acceptable limits.
d. Preventing approved changes from being included in the reported cost or resource usage.
e. Monitoring cost performance to isolate and understand variances from the approved cost baseline.
Question 7
Complete
According to our slides, Quality Management and Pro¿ject Management understand the importance of:
Mark the one that does NOT apply.
Select one:
a. Continuous Improvement.
b. Customer Satisfaction.
c. Governance.
d. Mutually Beneficial Partnership with Suppliers.
Question 8
Complete
Please select the option that does NOT belong to the Project Budget Component.
Select one:
a. Activity Cost Estimates.
b. Activity Contingency Reserve.
c. Management Reserve.
d. Contingency Reserve.
e. Control Disbursements.
Question 9
Complete
Given that we have 20 participants in two groups, ten each. In both groups, everybody talks to a central participant (participant 10
in group 1 and 20 in group 2), but they may not exchange with each other. In the first group, only participant 10 exchanges with
group two's participant 20, and vice-versa. There are no other communication llinks.

How many bidirectional communication links do we have?

Enter your response in this question and draw a diagram of this communications network in excel and upload it as question 9 in
the just in case.
Answer: 91
Comment:
The problem is stating that each participant in each group communicate only with the central participant, this means 9 biderectional
communications, not 45.
Question 10
Complete
Ernesto, owner of Roboland SA is analyzing the possibility to launch his new product. In doing so he may invest in a market study
that will cost him $35,000 and/or a prototype that will cost him $25,000.
The market study will increase his chances of having a great product to 55% making a profit of $250,000 or making a profit of
$35,000 with the balance of the chances. The prototype will increase his chances of having a great product tu 52% making a profit
of $220,000 and the balance of chances will make a profit of $45,000.
In case he decides to apply both alternatives his chances of success increases to 75% with a profit of $320,000 and a profit of
$55,000 with the remaining chances.
Should Ernesto invest in the study, the prototype or both?
Make sure you show all your calculations, you may use an excel spreadsheet and upload it but include all the formulas and not just
copy numbers. Do not send pictures, but you can make a diagram in you excel.

Therefore, Ernesto should choose both projects to have a higher profitability
Question10_VilcacureEder.xlsx
Comment:
The market study is an investment (negative) the first outcome is positive (as you had it) and the second outcome is positive (you
considered negative as a loss, it was just a minor gain, not a loss. The same in all three cases.
Question 11
Complete
In your project you worked with your Communications Management Matrix, please chart your Communications Management
Matrix and explain it.
Objective User Responsability Time

Item Communication
What to communicate? Why? Sender Preparation Shipment Initial date
method
General manager
Internal and external Decision Marketing Project March 1,
1 Meeting / project
analysis making manager consultant 2021
manager
General manager
Decision Marketing Meeting and Evaluating
2 Business plan / project April 1, 202
making manager inform committee
manager
General manager
Contract with construction Accounting and Construction
3 Approval Meeting / project May 3, 2021
company Finance Manager consultant
manager
DIGESA certification and Approval and Operations Evaluating Production May 17,
4 Inform
sanitary registration validation manager committee manager 2021
General manager
Production Evaluating September
5 Product sales license Approval Inform / project
manager committee 20, 2021
manager
Approval and Operations Inform and Evaluating Logistics September
6 Acquire machinery
validation manager meeting committee manager 29, 2021
Human
General manager / Recruiting October 4,
7 Conduct recruitment signing contract Inform resources
project manager specialist 2021
manager
Raw material supplier Production Acquisition Logistics  4,
October
8 Approval Email or inform
contact manager Specialist manager 2021
Operations Acquisition Logistics October 11,

9 Contract with distribuitors signing contract Inform
manager Specialist manager 2021
This communication management matrix helps us to give a brief description of what should be communicated to each stakeholder of
each item, it also helps to know what the means of communication will be, be it a report, meeting, how often and why we want to
communicate each item to stakeholders.
Comment:
I expected to find frequent communication with the Users or Sponsors.
Question 12
Complete
Roberto has a few alternative suppliers, he needs to decide which one to use, in work quality and punctuality they are similar.
Contractor 1 is Fixed Price and offering his service including materials and everything for $1,400,000.
Contractor 2 is Time and Materials, he charges $750/hr and 13% of the cost of materials, his estimate is 550 hours and a total in
materials of $800,000.
Contractor 3 is Cost Reimbursable, he charges $800/hr with an estimate of 600 hours and a total in material of $850,000.
Which contractor would you go for?

Please show all your calculations, you may use an excel spreadsheet and upload it, make sure you include all the formulas and
not just copy numbers. Do not upload pictures.
Therefore, you must choose the contractor 2.
Question12_VilcacureEder.xlsx
Comment:
Great.
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2/26/2021 Final Exam Project Managemnt

Started on Thursday, 25 February 2021, 6:36 PM

Mark 0.00 out of 1.00

Answer: Project quality management

Mark 0.00 out of 1.00

Answer: Quality management plan

Mark 1.00 out of 1.00

Answer: Organizational Breakdown Structure

Mark 0.50 out of 1.00

Your answer is partially correct.

Mark 1.00 out of 1.00

Typical steps on documenting the Procurement Management Plan:

Mark the one that is NOT in the text.

b. Identify a short list of qualiﬁed sellers.

c. Prepare a high-level cost estimate.

d. Prepare the procurement SOW or TOR.

e. Advertise the opportunity.

Your answer is correct.

Mark 1.00 out of 1.00

Project cost control includes:

Mark the option that does NOT belong.

c. Bringing expected cost overruns within acceptable limits.

Your answer is correct.

Mark 1.00 out of 1.00

d. Mutually Beneﬁcial Partnership with Suppliers.

Your answer is correct.

Mark 1.00 out of 1.00

b. Activity Contingency Reserve.

Your answer is correct.

Mark 1.50 out of 3.00

How many bidirectional communication links do we have?

Mark 2.00 out of 3.00

Should Ernesto invest in the study, the prototype or both?

Therefore, Ernesto should choose both projects to have a higher proﬁtability

Mark 2.50 out of 3.00

Objective User Responsability Time

Operations Acquisition Logistics October 11,

Mark 3.00 out of 3.00

Which contractor would you go for?

Therefore, you must choose the contractor 2.

◄ Capstone Final Presentation

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