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MSMEM4SE05 Project Management (2024-2025)

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Set the hierarchy in project management.

1 being the lowest and 3 the highest.

Program

Portfolio

Project

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Assign the element to the document on which it must belong to.

The technical specification of the response product.

The customer needs

The functional specifications

The problem

The solutions

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Project charter and project requirements.

Focus on the needs

Focus on the projects solutions and deliverables.

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Select the proper term.

Concise

statement describing the ....... results:

• Identifying position in the product

development continuum (ie.

Specify, design, build, test, integrate, etc…)

• Specify the project completion date

• Key criteria measuring the project

success

Concise

statement describing the ........ performance

• Cost target for specific market

• Key technical / marketing constraints of

project and / or product

• Provide essential functionality and

performance requirements for success

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Select the term associated to the definition.

prepared from well defined data, specifications, drawings, etc. This category

covers all estimate ranges from a minimum to maximum type. These

estimates are used for bid proposals, bid evaluations, contract changes, extra

work, legal claims, permit and government approvals. Other terms used for a

.... Estimate include check, lump sum, tender, post contract changes,

etc.

are

the methods and techniques used to examine technical and cost data to determine

the economic potential and the practicality of project applications.

a measure of the total income of a project compared to the total monies

expended at any period of time. The techniques that are utilized are Payout

Time, Return on Original Investment (ROI), Net Present Value (NPV), Discounted

Cash Flow (DCF), Sensitivity and Risk Analysis.

the process of establishing the value of a project in relation to other

corporate standards/benchmarks, project profitability, financing, interest

rates and acceptance.

prepared from flowsheets, layouts and equipment details. This is often required

for the owner’s budget system. These estimates are established on quantitative

information and are a mixture of firm and unit prices for labour,

material and equipment. It is used to establish the funds

required and for obtaining approval for the project. Other

terms used to identify a ...... estimate include Appropriation, Control,

Design, etc.

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Select the right type of risk measure

Vaccination

First aid kit

Helmet

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Select the right type of risk measure

Insurance

Car headlight

Car seat belt

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Assign the proper term in front of the definition.

The amount of time that an activity may be delayed without affecting the early dates of any following activites.

The amount of time that an activity may be delayed without affecting the overall end date of the project.

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Listening is not an active process.

True

False

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Provinding feedback like I see, I know, sure, are proof of active listening.

True

False

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