Project Initiation: Starting a Successful Project  Quiz Answers Week 2

Greetings!! Today, we'll publish the complete week's worth of quiz answers from Coursera's Project Initiation: Starting a Successful Project course. This is the second of six courses that will provide you the knowledge and abilities you need to apply for entry-level project management positions. Project managers play a key role in planning, implementing, and leading critical projects to help their organizations succeed.

Project Management Scope   

Project management is a versatile field that encompasses a wide range of industries and job titles. Here are some of the most common positions related to project management and their probable earnings:

• Project Coordinator: A project coordinator is responsible for assisting the project manager in planning, organizing, and executing projects. The average salary for a project coordinator is around $55,000 to $65,000 per year.
• Project Manager: A project manager is responsible for leading and managing projects from start to finish. They oversee project timelines, budgets, resources, and team members. The average salary for a project manager is around $75,000 to $120,000 per year, depending on the industry, location, and level of experience.
• Program Manager: A program manager is responsible for overseeing multiple related projects and ensuring that they align with the organization's strategic objectives. The average salary for a program manager is around $110,000 to $150,000 per year.
• Portfolio Manager: A portfolio manager is responsible for managing a group of programs and projects and ensuring that they align with the organization's overall strategic goals. The average salary for a portfolio manager is around $130,000 to $170,000 per year.
• Director of Project Management: A director of project management is responsible for overseeing all aspects of the project management function within an organization, including project and program management, resource allocation, risk management, and stakeholder engagement. The average salary for a director of project management is around $150,000 to $200,000 per year.
• Chief Project Officer: A chief project officer is the highest-ranking project management executive within an organization and is responsible for developing and executing the organization's project management strategy. The average salary for a chief project officer is around $200,000 to $300,000 per year.

It's important to note that these salaries are estimates and can vary based on factors such as industry, company size, location, and level of experience.

About the Course:

This is the second course in the Google Project Management Certificate program. This course will show you how to set a project up for success in the first phase of the project life cycle: the project initiation phase.  You'll discover how to create and manage project goals, deliverables, scope, and success criteria by investigating the key components of this phase. You'll learn how to define project expectations and explain roles and responsibilities using tools and templates including stakeholder analysis grids and project charters. You will continue to get instruction and practical methods for doing these duties from current Google project managers as they demonstrate the most effective project management tools and resources for the task at hand.

What will you learn:

• Recognize the importance of the project life cycle's start phase.
• Create a project charter for project initiation by comprehending the key elements of project charters.
• Doing Stakeholder analysis and RACI charts should be used to specify and explain the duties of project team members.
• To satisfy the demands of the project, by using several project management solutions.

Project Initiation: Starting a Successful Project Weekly Challenge 2 Answers

Question 1

As a project manager, you’re using the SMART criteria to craft goals for your team. During the process, you create goals that are a little challenging, but also encourage growth. In this instance, which SMART criteria are you using? 

 

• Attainable
• Measurable 
• Time-bound
• Relevant
• Specific

 

 

Question 2)

Which of the following scenarios best represents a project that is going out-of-scope? 

 

• During the project weekly meeting, the project sponsor adds a new deliverable requirement that costs $10,000 USD. This addition surpasses the budget by $5,000 USD.
• The manufacturer of one of the project deliverables just lost power after a large storm. They don’t expect to be in production for one week, delaying the project timeline.
• During the project weekly meeting, the project manager learns the main vendor will increase the cost of raw materials by 20% due to an international shortage.
• The deliverable to present your project's pre-launch event at a three-day, in-person conference is now an online conference. The switch reduces the costs associated with event space, travel, and people resource time.

 

 

Question 3)

Consider the following scenario: 

A new company project isn’t going well. The company hires outside evaluators to review the project. The evaluators tell the company that its plan has too many delays and that the company won’t be able to complete the project on time. They also identify one issue causing a delay is the company and the investors (stakeholders) have different expectations of what the completed project should be.

What step could the company have taken to avoid scope creep?

 

• Have stakeholder involvement before the project begins.
• Make the investors adopt the company’s project expectations.
• Hire a different organization to review the project.
• Require more detailed bids from the evaluators in writing.

 

 

Question 4)

Fill in the blank: The goal of a project helps to determine the _____.

 

• deliverables
• culture
• presentation
• stakeholders

 

 

Question 5)

Once a team launches a project, there’s still work to be done. Which of the following scenarios would occur in the landing phase? Select all that apply.

 

• Gather the project team to discuss what they learned during the project and how to improve the process.
• Check that forms and processes are collecting the necessary data to evaluate project success.
• Decide how to deliver an organization-wide announcement and campaign for the project.
• Work with stakeholders on the prioritization and documentation before building a new product.

 

 

Question 6)

Consider the following scenario: The Director of Product requests that the project manager do what they can to finish the project early. However, the Director also states that they cannot spend any additional funds.

Using the triple constraint model, what trade-off could the project manager use to meet the Director of Product’s request?  

 

• Change the project scope
• Change the project goal
• Change the budget
• Change the team

 

 

Question 7)

Which of the following indicates whether a project manager accomplishes what they set out to do? 

 

• Success criteria
• Accuracy standard
• Deviation criteria
• Launch standard

 

 

Question 8)

What’s a main difference between the adoption and engagement metrics?

 

• Adoption is generally a one-time occurrence. Engagement is ongoing.
• Adoption requires more expensive tools. Engagement requires less expensive tools.
• Adoption is an external metric. Engagement is an internal metric.
• Adoption replaces a business metric. Engagement compliments other business metrics.

 

 

Question 9)

How will you quantify if you’re landing a project at its intended goal?

 

• Check if the project meets the initial success criteria
• Ask the clients if they’re happy with the result
• Send out feedback surveys to team members
• Solicit stakeholders for their opinions

 

 

Question 10)

Suppose as a project manager you receive a request from a team member to change a process they believe will make their work more efficient. However, you know that the change may increase the workload for other team members and extend the project’s completion date. How do you best address this potential internal scope creep?

 

• Remind the team that any process changes will change project scope and may create unknown risks for the project.
• Request from stakeholders an additional team member to take on the additional work.
• Ask the team member who requested the change to take on the additional work from affected team members.
• Try it out as a test because the team member making the request has seniority.

 

 

Question 11)

Fill in the blank: Objectives and Key Results (OKRs) combine both a goal and a _______ to determine a measurable outcome. 

 

• metric
• consensus
• vision
• budget

Conclusion

 

With any luck, this post will help you quickly and easily uncover Week 2 assessment answers for Coursera's Project Initiation: Starting a Successful Project Quiz. If this article has been helpful to you in any way, please let your friends and family know on social media about this wonderful training. Be patient with us as we release a tonne more free courses along with the exam/quiz solutions, and keep checking our QueHelp Blog for updates.