MGT6151 Business Project Management For Negative Stakeholders

Bill is working on a project involving the upgrading of a management information system. The project is being managed by the information systems department with coordination with other departments occurring through normal channels. He is working in a _________ organization.

Balanced matrix

All of the following are stakeholder attributes you should analyze as part of the process to identify stakeholders except.

Their personal conflict resolution style

Project-wide application of the configuration management system accomplishes three main objectives. Which of the following is not one of these objectives?

Provides a documented process to enable the assessment of requested changes to the project

A first time project manager wants to know during what phases of the project, Perform Integrated Change Control will be performed. What would you respond?

Perform Integrated Change Control is performed during the project closure phase

You have just completed the selection of a preferred seller for an upcoming project and have scheduled a meeting in two days time to finalize the contract when your manager informs you that due to current economic conditions that project will now probably not be going ahead and the definite answer will be provided by then CEO in 3 days time. What is your best course of action?

Postpone the meeting until the fate of the project is clear

John is a CEO of a medium sized electronics firm. His company has been developing various electronic products since the company was incorporated in 1990. Lately, he authorized a new project to develop a faster, cheaper, and smaller laptop after advances in computer memory and electronics technology. What project and strategic planning approach is he using?

Technology advance

If a project manager is working in a weak matrix organization, which of the following is incorrect?

The project team members report to functional managers

Stakeholders can be identified in which project management process group(s)?

Initiating, planning, executing, monitoring and controlling, & closing

A company has ten vendors on their list of qualified suppliers. However, rather than go out for competitive bidding, the company selects one of the vendors and awards them the contract. This is an example of?

Sole source procurement

As part of your analysis of stakeholder engagement you have classified each stakeholder as either being unaware, resistant, neutral, supportive, or leading when it comes to the level of their engagement with the project. This is an example of what sort of technique?

Analytical techniques

A company develops a new manufacturing process that will increase efficiency and allow the manufacturing workforce to be downsized by 30 percent. Which of the following would be regarded as a negative stakeholder on this project?

Manufacturing personnel

A project has faced major difficulties in the quality of it deliverables. Management now states that quality is the most important project constraint. If another problem with quality were to occur, what would be the best action for the project sponsor to take with regards to project benefits, requirements, and the business case solution?

Allow cost to increase by fixing the root cause of the problem

A company undertook a project where the deliverable was a new product. The development of the new product was accomplished using a project lifecycle approach. Which of the following is generally the primary difference between a product and a project lifecycle?

Product lifecycles generally have no end date other that the product’s retirement

As project manager you have to consider which are factors that are believed to represent reality, considered to be certain and taken as truth.

Assumptions

In a functional organization, what is the role of the project's sponsor during project execution processes?

Helping the project manager resolve issues

Divisions within a project where extra control is needed to effective manage the completion of a major deliverable are known as what?

Subprojects

The process of continuously improving and detailing a project management plan, or parts of a project management plan, as more specific information becomes available is known as what?

continuous improvement

You are managing a project to set up a brand new play area for the community. You and your team have been working as per plan and things are moving smoothly. Suddenly one of the stakeholders indicates that the play area must also include a sand pit. This was not originally planned for so you analyze the impact to the cost, schedule and scope. You then submit the change request to the Change control board for their approval. You have immediately received an approval what should your next step be?

Update the impacted project baselines scope, cost and schedule

Which of the following would be the most appropriate thing to do during project initiation?

Learn the company culture and structure as it relates to the project

With the establishment of a PMO in an organization, employees are adopting the project management lexicon. However, a few employees are still struggling with project management terminologies. One of the most common sources of confusion is the difference between a project stakeholder and a key stakeholder who are key stakeholders?

Individuals, groups organization in a decision making position

You in your project team are completing the process of producing your procurement management plan and want to make sure that you have completed a robust process and used all the possible and appropriate inputs. Which of the following is not an input into the Plan Procurement Management process?

Make or buy decisions

A stakeholder management strategy defines an approach to increase support from project stakeholders. A common way of representing the project's stakeholder management strategy is through the use.

Stakeholder assessment

The application of knowledge, skills, tools and techniques in oeder to meet stakeholder requirements from a project is called:

Project management

Which of the following is not a strategic consideration for authorizing a project?

Return on investment

After completing most of your project management plan, your project sponsor is so impressed that she comments, "with this level of planning and detail, we know exactly where the project will be nine months from now." what is the best response you should give to the sponsor?

There are exactly the type of results that are achieved through professional project management as defined in the PMBOK Guide.

Which of the following is not an output of the Plan Procurement Management process?

Project scope statement

You have determined that project A is an internal rate of return (IRR) of 3%. However, the company also invests in a conservative money market that pays a fixed interest rate. The company should?

The IRR does not begin until the results of the project begin generate revenue for the company. Therefore the company should use some other financial measure.

Which of the following is not an input into the Identify Stakeholders process?

Lessons learned

Which of the following project selection methods is considered a constrained optimization method?

Linear programming

You are a project manager working on a complex construction project and have begun the process of planning your project. You have the project charter which is guiding you in preparing your project management plan. Using your requirements documentation you begin the process of developing a detailed description of the project and product. What process are you completing?

Collect Requirements

You are using your project management plan, requirements documentation, requirements traceability matrix and undertaking inspection to validate the project and product. What process group is you involved in?  

You are talking to a friend who works in the project management office. He explains that a program definition portfolio and that 

A portfolio is a set of projects and other work that are related by a high level strategic goal

You are a project manager and senior management recently came to you with a request to help them with a bid for a new project. The management has asked you to help select right bid while doing anything you can to protect the company from any financial risks. You are not aware of all the details? you have very limited exposure and limited scope definition. What is likely the best contract for this situation?

Fixed Price (FP)

The process of determining which the PMBOK Guide processes are appropriate and the appropriate degree of rogor to be applied in any given project is known as what?

Standardization

With the help of your project team you are busy identifying all potential project stakeholders and information about them. You are then interviewing all the stakeholders you have identified in an effort to learn more about their interaction with your project and also to gain knowledge of any other stockholders you may not be aware of. After completing this process you then identify the potential impact or support each stakeholder could generate. Finally you assess how the key stakeholders are likely to react in various situations so you can plan for this. What are you carrying out?