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ITM750 final exam review, Exams of Nursing

An overview of project management, including scope, time, cost, quality, human resources, communications, risk, procurement, and integration management. It also covers systems analysis and management, as well as different organizational structures and frames. questions related to each topic, such as what work will be done, how long it will take, and what it will cost. It also discusses the roles of leaders and managers, as well as the importance of symbols and meanings in organizations.

Typology: Exams

2023/2024

Available from 09/22/2023

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ITM750 final exam review.
Scope - ANSWERWhat work will be done as part of the project? What unique product,
service, or result does the customer or sponsor expect from the project? How will the
scope be verified?
time - ANSWERHow long should it take to complete the project? What is the project's
schedule? How will the team track actual schedule performance? Who can approve
changes to the schedule?
Cost - ANSWERWhat should it cost to complete the project? What is the project's
budget? How will costs be tracked? Who can authorize changes to the budget?
Project scope management - ANSWERmanagement involves defining and managing all
the work required to complete the project successfully.
Project time management - ANSWERincludes estimating how long it will take to
complete the work, developing an acceptable project schedule, and ensuring timely
completion of the project.
Project cost management - ANSWERconsists of preparing and managing the budget for
the project.
Project quality management - ANSWERensures that the project will satisfy the stated or
implied needs for which it was undertaken.
Project human resource management - ANSWERis concerned with making effective
use of the people involved with the project.
Project communications management - ANSWERinvolves generating, collecting,
disseminating, and storing project information.
Project risk management - ANSWERincludes identifying, analyzing, and responding to
risks related to the project.
Project procurement management - ANSWERinvolves acquiring or procuring goods and
services for a project from outside the performing organization.
Project integration management - ANSWERis an overarching function that affects and is
affected by all of the other knowledge areas.
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ITM750 final exam review.

Scope - ANSWERWhat work will be done as part of the project? What unique product, service, or result does the customer or sponsor expect from the project? How will the scope be verified? time - ANSWERHow long should it take to complete the project? What is the project's schedule? How will the team track actual schedule performance? Who can approve changes to the schedule? Cost - ANSWERWhat should it cost to complete the project? What is the project's budget? How will costs be tracked? Who can authorize changes to the budget? Project scope management - ANSWERmanagement involves defining and managing all the work required to complete the project successfully. Project time management - ANSWERincludes estimating how long it will take to complete the work, developing an acceptable project schedule, and ensuring timely completion of the project. Project cost management - ANSWERconsists of preparing and managing the budget for the project. Project quality management - ANSWERensures that the project will satisfy the stated or implied needs for which it was undertaken. Project human resource management - ANSWERis concerned with making effective use of the people involved with the project. Project communications management - ANSWERinvolves generating, collecting, disseminating, and storing project information. Project risk management - ANSWERincludes identifying, analyzing, and responding to risks related to the project. Project procurement management - ANSWERinvolves acquiring or procuring goods and services for a project from outside the performing organization. Project integration management - ANSWERis an overarching function that affects and is affected by all of the other knowledge areas.

leader - ANSWERfocuses on long-term goals and big-picture objectives, while inspiring people to reach those goals. manager - ANSWERoften deals with the day-to-day details of meeting specific goals. Systems analysis - ANSWERis a problem-solving approach that requires defining the scope of the system, dividing it into its components, and then identifying and evaluating its problems, opportunities, constraints, and needs

. Systems management - ANSWERaddresses the business, technological, and organizational issues associated with creating, maintaining, and making a change to a system. systems philosophy - ANSWERis an overall model for thinking about things as systems. systems approach - ANSWERemerged in the 1950s to describe a holistic and analytical approach to solving complex problems that includes using a systems philosophy, systems analysis, and systems management structural frame - ANSWERdeals with how the organization is structured (usually depicted in an organizational chart) and focuses on different groups' roles and responsibilities in order to meet the goals and policies set by top management. human resources frame - ANSWERfocuses on producing harmony between the needs of the organization and the needs of the people. political frame - ANSWERaddresses organizational and personal politics. Politics in organizations take the form of competition among groups or individuals for power and leadership. symbolic frame - ANSWERfocuses on symbols and meanings. What is most important about any event in an organization is not what actually happened, but what it means. functional organizational structure - ANSWERis the hierarchy most people think of when picturing an organizational chart. Functional managers or vice presidents in specialties such as engineering, manufacturing, information technology (IT), and human resources (HR) report to the chief executive officer (CEO). A project organizational structure - ANSWERalso has a hierarchical structure, but instead of functional managers or vice presidents reporting to the CEO, program managers report to the CEO. matrix organizational structure - ANSWERrepresents the middle ground between functional and project structures. Personnel often report to both a functional manager and one or more project managers

Planning quality - ANSWERincludes identifying which quality standards are relevant to the project and how to satisfy those standards. Performing quality assurance - ANSWERinvolves periodically evaluating overall project performance to ensure that the project will satisfy the relevant quality standards. Performing quality control - ANSWERinvolves monitoring specific project results to ensure that they comply with the relevant quality standards while identifying ways to improve overall quality. Acceptance decisions - ANSWERdetermine if the products or services produced as part of the project will be accepted or rejected. If they are accepted, they are considered to be validated deliverables. Rework - ANSWERis action taken to bring rejected items into compliance with product requirements or specifications or other stakeholder expectations. Process adjustments - ANSWERcorrect or prevent further quality problems based on quality control measurements. Define - ANSWERDefine the problem/opportunity, process, and customer requirements. Measure - ANSWERDefine measures, then collect, compile, and display data. Measures are defined in terms of defects per opportunity. Analyze - ANSWERScrutinize process details to find improvement opportunities. Improve - ANSWERGenerate solutions and ideas for improving the problem. Control - ANSWERTrack and verify the stability of the improvements and the predictability of the solution Standard deviation - ANSWERmeasures how much variation exists in a distribution of data. normal distribution - ANSWERis a bell-shaped curve that is symmetrical regarding the mean or average value of the population (the data being analyzed). prevention cost - ANSWERThe cost of planning and executing a project so that it is error-free or within an acceptable error range. Appraisal cost - ANSWERThe cost of evaluating processes and their outputs to ensure that a project is error-free or within an acceptable error range.

Internal failure cost - ANSWERA cost incurred to correct an identified defect before the customer receives the product. External failure cost: - ANSWERA cost that relates to all errors not detected and not corrected before delivery to the customer. Measurement and test equipment costs - ANSWERThe capital cost of equipment used to perform prevention and appraisal activities. Reduce both fixed and recurrent costs. - ANSWEROutsourcing suppliers are often able to use economies of scale that may not be available to the client alone, especially for hardware and software. Planning procurements - ANSWERinvolves determining what to procure, when, and how. In procurement planning, one must decide what to outsource, determine the type of contract, and describe the work for potential sellers Conducting procurements - ANSWERinvolves obtaining seller responses, selecting sellers, and awarding contracts. Administering procurements - ANSWERinvolves managing relationships with sellers, monitoring contract performance, and making changes as needed. Closing procurements - ANSWERinvolves completion and settlement of each contract, including resolution of any open items. cost plus incentive fee (CPIF) contract - ANSWERthe buyer pays the supplier for allowable performance costs along with a predetermined fee and an incentive bonus. a cost plus fixed fee (CPFF) contract - ANSWER, the buyer pays the supplier for allowable performance costs plus a fixed fee payment usually based on a percentage of estimated costs. cost plus percentage of costs (CPPC) contract, - ANSWER, the buyer pays the supplier for allowable performance costs along with a predetermined percentage based on total costs Request for Quote (RFQ - ANSWERis a document used to solicit quotes or bids from prospective suppliers.