PROJ 587 WEEK 3 QUIZ

PROJ 587 WEEK 3 QUIZ
Version 1 
Question TCO A You are the CEO for Skipper Products The business has had a great year and you see that a PPM is needed to manage all the projects that are currently in progress along with future projects You must convince the board of directors to accept this change in order to implement it You have decided to give a presentation at the next meeting that covers the information below
What is a PPM
Compare PPM, PgM, and Project level
Benefits of each PPM PgM and Project
Why should Skipper Products implement a PPM
Create a detailed outline that covers all the areas listed above
 Question TCO B There are three central processes that are required to develop a portfolio strategic plan Describe each of them Why are these processes important to the success of an organizations strategic plan
Question TCO C Cost management is used to help manage projects as investments and to evaluate project management performance using Earned Value Management EVM What is EVM Describe the benefits of using EVM
Question TCO C The following acronyms are used in a network diagram LS ES LF and EF What do these acronyms mean how are they calculated and how would a project manager use these in relationship to project schedule and budget
Version 2 
Question TCO A You work for Holt consulting company which has been asked to recommend organizational improvements for CDC Software Company You have been assigned to present PPM Your boss has informed you that CDC Software Company knows nothing about PPM and you will need to cover the items below in your presentation What is a PPM  Compare PPM, PgM, and Project level  Benefits of each PPM PgM and Project  Why should CDC Software Company implement a PPM
Question TCO B In project orientation it is important to determine both the project needs from the projects perspective and from the organizations perspective From the project- perspective the main areas of concern are project scoping project programming and project autonomy In your own words, explain what is meant by project autonomy
Question TCO C The program management life cycle was developed to not only ensure successful realization of organizational program strategies but also to create a process to plan identify and resolve specific cost schedule or quality problems associated with the program The five phases of the program life cycle are formulation, organization deployment appraisal and dissolution In your own words describe the appraisal phase and how it aids in planning identifying and resolving specific cost schedule or quality problems associated
Question TCO C The following acronyms are used when working with project budget or schedule PV AC EV & BAC Define these acronyms explain how they are calculated and how they are used to measure or explain the projects budget and schedule