Referencing Styles : APA 35 Final Exam Essay Type questions. There is no minimum length requirement. Login for text book is PW has become the standard reference for accepted project management knowledge and practices since its initial publication. This internationally recognized standard provides project managers with the fundamental practices needed to achieve organizational results and excellence in the practice of project management. There are nine Project Management Body of Knowledge (PMBOK) Areas discussed in this class. They are: • Area 1: Project Integration Management • Area 2: Project Scope Management • Area 3: Project Time Management • Area 4: Project Cost Management • Area 5: Project Quality Management • Area 6: Project Human Resource Management • Area 7: Project Communications Management • Area 8: Project Risk Management • Area 9: Project Procurement Management The Final Exam for this class will consist of answering a series of essay-based questions pertaining to the PMBOK Body of Knowledge Areas. Your answers should contain enough information to demonstrate your understanding and comprehension of the subject areas. There is no minimum length requirement for this exam. 1) Discuss the duties and responsibilities of the project manager. How critical is the project manager to the success of the project? 2) What are some of the essential characteristics of effective project team members? 3) List the seven main characteristics of a project and briefly describe the important features of each. 4) Name and briefly describe the three primary goals of a project. 5) Name and briefly describe the societal forces that have contributed to the need for project management. 6) Which of the many purposes of the project portfolio process are most important to a firm with a low project management maturity? Which to a firm with high maturity? 7) Discuss each of the four fundamental issues for potential conflict during the project formation stage. 8) Describe each of the four elements of culture. 9) In what ways is language crucial in project management? 10) Name the four basic types of project organization and list at least one characteristic, advantage, and disadvantage of each. 11) Describe the “hierarchical planning process” and explain why it is helpful. 12) What kinds of risk categories might be included in the project charter? 13) Why is it more difficult to keep the project on its time and cost schedules the later the project gets in its life cycle? 14) Identify the types of likely conflicts during the project buildup, main program, and phase-out stages. 15) Discuss the effects of the various organizational forms on coordination and interaction, both within the project team and between the team and the rest of the firm. 16) List some of the pitfalls in cost estimating. What steps can a manager take to correct cost overruns? 17) What are some potential problems with the top-down and bottom-up budgeting processes? What are some ways of dealing with these potential problems? 18) What steps can be taken to make controlling costs easier? Can these steps also be used to control other project parameters, such as scope? 19) How does a risk analysis operate? How does a manager interpret the results? 20) Would any of the conflict resolution methods described in the chapter 6 of the text be useful in the budget planning process? Which? 21) How is uncertainty in project scheduling dealt with? 22) Identify several resources that may need to be considered when scheduling projects. 23) Why is the impact of scheduling and resource allocation more significant in multi-project organizations? 24) Identify the key factors that need to be considered when setting up a monitoring system. 25) What is the purpose of “earned value”? How would the progress of the project as a whole be calculated? 26) What two factors are compared by Gantt charting? How does the Gantt chart differ in purpose from the WBS? 27) How would a Project Management Information System differ from an ordinary Management Information System? 28) What are the three main types of control system? What questions should a control system answer? 29) What tools are available to the project manager to use in controlling a project? Identify some characteristics of a good control system. 30) Why are large fluctuations in the demands for particular resources undesirable? What are the costs of resource leveling? How would a PM determine the “best” amount of leveling? 31) What occurs in each stage of the audit life cycle? 32) List and briefly describe the ways projects may be terminated. 33) Give some examples of ancillary project objectives. 34) Discuss the impact, both positive and negative, of termination on the project team members. How might the negative impact be lessened? 35) Where might ethical issues arise for a PM in the stewardship of the company’s resources?