PROJ 595 Week 8 Final Exam (Version 1​)

Jul 6th, 2016
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DeVry University
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Question 1. (TCOs A and B) An EVM analysis employs which factors to evaluate risks? (Points : 5) Question 2. (TCO G) You have completed all design drawings and have a complete scope for your project. You need to hire a contractor to build the product to your designs. Which type of contract would be best in this situation? (Points : 5) Question 3. (TCO D) In which risk response strategy is the responsibility for the risk moved to a third party? (Points : 5) Question 4. (TCOs A and B) You have been appointed as a project manager for a high-dollar project for a government agency, and you have been asked by your boss to identify the stakeholder groups and the individuals who make up those groups in order to start the stakeholder analysis. Identify at least six groups of stakeholders and the individuals who comprise those groups, and explain when the stakeholder identification process should take place during the planning of the project. (Points: 20) Question 5. (TCO B) Due to globalizati

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Question 1. (TCOs A and B) An EVM analysis employs which factors to evaluate risks?(Points : 5)Risk and impactProbability and urgencyImpact and probabilityDecision trees and reliability of dataQuestion 2. (TCO G) You have completed all design drawings and have a completescope for your project. You need to hire a contractor to build the product to yourdesigns. Which type of contract would be best in this situation? (Points : 5)FPEPAT&MCPIFFPQuestion 3. (TCO D) In which risk response strategy is the responsibility for the riskmoved to a third party? (Points : 5)Transference and sharingExploitation and avoidanceAcceptance and enhancementMitigation and active acceptance4. (TCOs A and B) You have been appointed as a project manager for a high-dollarproject for a government agency, and you have been asked by your boss to identify thestakeholder groups and the individuals who make up those groups in order to start thestakeholder analysis. Identify at least six groups of stakeholders and the individuals whocomprise those groups, and explain when the stakeholder identification process shouldtake place during the planning of the project. (Points: 20)Project manager should identify all the stakeholders at the beginning of a project andcategorize them into Primary stakeholder, secondary stakeholder and key stakeholders. Keystakeholders are group of people whose interest in the project must be recognized if theproject is to be successful. The key stakeholders

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