Question 1. 1. (TCO 1) Which document is created during the initiation phase of a project? (Points :

Question 1. 1. (TCO 1) Which document is created during the initiation phase of a project? (Points :5)The scopeThe project scheduleThe project charterThe project communication plan Question 2. 2. (TCO 1) The purpose of a project charter is to (Points : 5)define the project.allow for the creation of a WBS.authorize the project.define detailed project risks. Question 3. 3. (TCO 2) Which step of the project life cycle defines the project scope? (Points : 5)InitiationPlanningExecutionClose out Question 4. 4. (TCO 2) Which statement is an example of a project constraint? (Points : 5)“If the parts arrive late, we will not finish on time.â€â€œWe must get permits before we start work.â€â€œI believe the contracts will be signed by the 15th.â€â€œThe paving of the parking lot is a major piece of work for this project.†Question 5. 5. (TCO 3) The critical path in a project describes which of the following? (Points : 5)The path containing the most important pieces of workThe longest path in a projectThe activities with the highest riskThe activities with the highest cost to the project Question 6. 6. (TCO 3) What values are calculated on the forward pass of a project network?(Points : 5)Early start; late startEarly start; early finishLate start; late finishEarly finish; late finish Question 7. 7. (TCO 5) In which process of risk management are risks prioritized or ranked? (Points :5)Plan risk managementIdentify risksControl risksQualitative risk analysis Question 8. 8. (TCO 5) Contingency plans are created (Points : 5)to proactively address the risk.to respond to the risk should the risk occur. to gather information on vital risks.to avoid red risks in the project plan . ESSAY QUESTIONS: 1. (TCO 1) Before one can begin writing a charter, one must consider the most appropriate organizationfor the project. You are the project manager for a company that integrates custom data solutions forlarge corporate enterprises. This project will span two or three years and will cost tens of millions ofdollars. This is a large, very involved project. Which of the five organization structures is mostsuitable? Why? (Points : 20) 2. (TCO 2) You are a project manager at a bike shop. You just received a shipment of new bikes that needto be assembled. For each bike, the frame needs to be set, which includes the bike frame, handle bars,and the seat. The wheels need to be mounted. The braking system needs to be installed. Before a bikecan be sold, it needs to be tested by the quality team and road tested. You have assembled your team ofexperts and they are anxious to get started.Part 1: To ensure you have a clear scope for your team, create a 2-level WBS. Don’t forget to include yourWBS numbering. (15 points)Part 2: In your WBS, how many work packages have been created? (5 points) (Points : 20) 3. (TCO 3) Compare and contrast crashing and scope reduction as means of schedule reduction. (Points :20) 4. (TCO 5) A firm stores data for other organizations. The company stores data across many states,providing backup data storage for state, municipal governments, and large corporations. The firm isdeploying a new set of storage devices that are faster, denser, and more energy efficient.Part 1: List and discuss the major risk management functions from a project management perspective forthe new data storage project. (15 points)Part 2: Describe a positive and a negative risk event, the related consequences, and the risk responseplan for each of the two risks for the new data storage project. (5 points) (Points : 20) 5. (TCO 9) Compare and contrast how a scope is created in traditional project management versus onecreated in agile project management. (Points : 20)