Project Execution: Running the Project Quiz Answers Week 1
Greetings!! Today, we'll publish the complete week's worth of quiz answers from Coursera's Project Execution: Running the Project course. This is the fourth 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:
What will you learn:
- Implement the four main principles of quality management: quality standards, planning, assurance, and control.
- Showcase how to organize and analyze data, as well as how to convey a project's data-driven narrative.
- Talk about managing team dynamics and the stages of team growth.
- Create project closing documents and outline the phases of the closing process.
Project Execution: Running the Project Weekly Challenge 1
Question 1)
What is project
tracking?
- A method for following the progress of a project's
activities.
- A
method for responding to project risks.
- A method for assessing
project successes and areas for improvement.
- A method for reaching
agreement among stakeholders on project scope.
Question 2)
What should project
managers track to ensure the team meets deadlines?
- Track tasks as they progress and as the project
approaches key milestones.
- Track
stakeholder engagement to ensure they are aligned on project goals.
- Track costs to avoid over- or
under-spending on project activities.
- Track project successes and
celebrate achievements with the team.
Question
3)
Fill
in the blank: In the context of tracking, a(n) _____ is anything that alters a
project’s original course of action, whether positive or negative.
- deviation
Question 4)
Which tool provides an
overview of a project’s common elements, summarizes them as a snapshot, and
communicates project status to the team and stakeholders in a centralized
place?
- Project status report
- Burndown
chart
- Roadmap
- Gantt chart
Question 5)
Which tool is most
useful near the end of a project, when meeting deadlines is the top priority?
- Burndown chart
- Roadmap
- Gantt chart
- Probability and impact matrix
Question 6)
Imagine that an
aerospace company builds a new line of passenger jets. Increased raw material
costs cause the company to spend more on aluminum than planned. Which of the
triple constraints does this change impact the most?
- Budget
- Scope
- Timeline
Question 7)
How does a change
request form differ from an escalation email?
- Change request forms help teams
manage proposed changes; escalation emails enlist leadership to remove
obstacles, reinforce priorities, and validate next steps
- Change
request forms enlist leadership to manage proposed changes; escalation
emails help teams remove obstacles, reinforce priorities, and validate
next steps
- Change request forms help
teams remove obstacles, reinforce priorities, and validate next steps;
escalation emails enlist leadership to manage proposed changes
- Change request forms enlist
leadership to remove obstacles, reinforce priorities, and validate next
steps; escalation emails help teams manage proposed changes
Question 8)
Imagine that a
restaurant is moving to a new location and must pass a government health
inspection before it can open. What type of dependency is the inspection?
Select all that apply.
- Mandatory dependency
- External dependency
- Internal
dependency
- Discretionary dependency
Question 9)
What tool can project
managers use to calculate risk exposure and prioritize risks using high,
medium, and low rankings?
- Probability and impact matrix
- ROAM
technique
- Risk register
- Mitigation plan
Question
10)
What
common problems can a project manager avoid by escalating an issue? Select all
that apply.
- Trench wars
- Inadequate compromises
Extra
Questions
Question 11)
Under what conditions
should you send an escalation email? Select all that apply.
- Key stakeholders need to sign off on a final decision.
- A problem leads to major changes in budget or timeline.
- A
problem inconveniences the core project team, but they resolve it
themselves.
- A
project team member identifies a potential risk that may have an impact in
several months.
Question 12)
How can escalation
benefit a project? Select all that apply.
- Encourages team participation
- Speeds up decision-making
- Provides checks and balances
- Makes
external dependencies trackable
Question
13)
Which tracking method is most useful for projects that require a granular, broken down review of each task and where finishing on time is a top priority?
- Burndown chart
Question 14)
Which of the following
categories are part of the ROAM technique?
- Resolved, owned, accepted, and mitigated
- Restored,
organized, allocated, and managed
- Resolved, owned, allocated,
and mitigated
- Restored, organized,
accepted, and managed
Question
15)
Which items should you track throughout the project execution phase? Select all that apply.
- Project costs
- Progress toward milestones
- Action items
- Project schedule
- Key tasks and activities
Question
16)
Which tracking method is best for teams with a lot of people and projects with many tasks or milestones that are dependent on one another?
- Gantt chart
- Roadmap
- Project status report
- Burndown chart
Question
17)
How
does a roadmap differ from a Gantt chart?
- A roadmap tracks big milestones
and includes a high-level project overview; a Gantt chart is useful for
large projects with many dependencies
- A
roadmap is useful for large projects with many dependencies; a Gantt chart
tracks big milestones and includes a high-level project overview
- A
roadmap is useful for large projects with many dependencies; a Gantt chart
measures time against the amount of work completed and remaining
- A
roadmap measures time against the amount of work completed and remaining;
a Gantt chart is useful for large projects with many dependencies
Question
18)
Imagine
an auto manufacturer has a project to build a new model of car. The project
manager learns there is a delay of a key shipment of parts. Which of the triple
constraints does this change impact the most?
- Timeline
- Budget
- Scope
Question
19)
Imagine
a home improvement chain develops a new line of power tools. One of the
designers wants to adopt a new process that will simplify the team’s workflow.
Which method should they use to convey their idea to team members and
stakeholders?
- Change request form
- Escalation
email
- Risk register
- Gantt chart
Question
20)
Imagine
that a toy company is known for making a popular doll, but their design team
decides to test out a new material for the doll’s clothes before beginning a
new batch. This test has what two types of dependencies?
- Discretionary dependency
- Internal dependency
- External dependency
- Mandatory dependency
Question
21)
Why
should project managers track changes, dependencies, and risks throughout a
project?
- Keep teams aligned on how to
ensure project success
Question
22)
What
is the process of identifying risks and issues that could impact a project, and
taking steps to address their potential effects?
- Risk management
- Project tracking
- Dependency management
- Escalation
Question
23)
Which
term refers to the process of enlisting leadership or management to remove an
obstacle, clarify or reinforce priorities, and validate next steps?
- Escalation
- Risk
exposure
- Elevation
- Risk management
Question
24)
As
a project manager, you’re implementing the ROAM technique for a new risk. You
assign the risk to a team member so they can resolve it and monitor it to
completion. Which ROAM action did you take?
- Owned
- Resolved
- Accepted
- Mitigated
Question
25)
What
should you do in an escalation email? Select all that apply.
- Explain the problem.
- State your connection to the project.
- Make a request.
- Be serious and assert
authority
Question
26)
Which
of the following steps are part of dependency management? Select all that
apply.
- Recording dependencies
- Efficient communication
- Continuous monitoring and control
- Eliminating
dependencies
Question
27)
How
does a change request form differ from an escalation email?
- Change request forms help teams
manage proposed changes; escalation emails enlist leadership to remove
obstacles, reinforce priorities, and validate next steps
- Change
request forms enlist leadership to manage proposed changes; escalation
emails help teams remove obstacles, reinforce priorities, and validate
next steps
- Change
request forms help teams remove obstacles, reinforce priorities, and
validate next steps; escalation emails enlist leadership to manage
proposed changes
- Change
request forms enlist leadership to remove obstacles, reinforce priorities,
and validate next steps; escalation emails help teams manage proposed
changes
Question
28)
Imagine
that a client wants to add an auction of donated items to a fundraising event.
The project manager is currently executing the project for dinner and short
concert. Which of the triple constraints does this change impact the most?
- Scope
- Timeline
- Budget
Question
29)
Imagine
a project manager prepares to move a project to the execution phase. They keep
a centralized document that outlines the project timeline and each team
member’s responsibilities. They also send daily emails to the team with items
that need immediate attention. What does the project manager fail to track?
Select all that apply.
- Progress toward milestones
- Project costs
Question
30)
Why
should project managers track changes, dependencies, and risks throughout a
project?
- Keep teams aligned on how to ensure project success
- Help
prepare for the next project
- Demonstrate the importance of
accepting change
- Determine who made tracking
mistakes during the retrospective
Question
31)
Which three of the following scenarios represent a deviation from a project plan?
- A production facility goes out of business
- A company increases its budget
for a project
- A lead designer quits to take another job
- A
project team hits a major milestone on schedule
Question
32)
Which
term measures potential future losses to a project resulting from specific
activities or events?
- Risk Exposure
Question
33)
Which
five items should you track throughout the project execution phase?
- Project costs
- Progress toward milestones
- Action items
- Key tasks and activities
- Project schedule
- Project
goals
Question
34)
Which
of the following methods can be used to communicate change to stakeholders
during a project? Select all that apply.
- Change request form
- Escalation email
- Work breakdown structure
- Project
charter
Question
35)
Which
of the following categories are part of the ROAM how does a change request form
differ from an escalation email? technique?
- Resolved, owned, accepted, and mitigated
Question
36)
Which
tracking method is most useful when project managers need a way to track big
milestones in a project?
- Roadmap
- Gantt
chart
- Project status report
- Burndown chart
Question
37)
What
two common problems can a project manager avoid by escalating an issue?
- Misdirected compromises
- Trench wars
- Force
majeure
- Risk appetite
Question
38)
Fill
in the blank: In the context of tracking, a(n) _____ is anything that alters a
project’s original course of action, whether positive or negative.
- deviation
Question
39)
Imagine
you are managing a project that hits a major milestone early, putting the team
ahead of schedule. This alters the project plan’s original course of action.
What is the name for this type of event?
- A deviation
- A
risk
- A reset
- An issue
Question
40)
Imagine that a toy company is known for making a popular doll, but decides to test out a new material before beginning a new batch. What type of dependency is the test? Select all that apply.
- Internal dependency
- Discretionary dependency
Question
41)
How
does a roadmap differ from a burndown chart?
- A roadmap tracks big milestones and includes a
high-level project overview; a burndown chart measures time against the
amount of work completed and remaining
- A
roadmap tracks big milestones and includes a high-level project overview;
a burndown chart is useful for large projects with many dependencies
- A
roadmap measures time against the amount of work completed and remaining;
a burndown chart tracks big milestones and includes a high-level project
overview
- A
roadmap is useful for large projects with many dependencies; a burndown
chart tracks big milestones and includes a high-level project overview
Question
42)
What
tool can project managers use to keep disagreements from bringing projects to a
standstill?
- Escalation email
Question
43)
In
the ROAM technique, what does it mean to resolve a risk?
- To classify a risk as addressed
because it no longer creates a problem
- To understand and accept a
risk for what it is because it cannot be resolved
- To reduce the impact of a
risk or the likelihood the risk will occur
- To give a team member
ownership over a certain risk and entrust them to handle it
Question
44)
What
can project managers do to keep trench war disagreements from bringing projects
to a standstill?
- Send an escalation email
- Assess risk exposure
- Apply the ROAM technique
- Rely on the project roadmap
Question
45)
Imagine
that a project manager creates a matrix with two variables: risk impact and
probability. They use the matrix to measure potential future losses to a
project resulting from specific activities or events. What is the project
manager trying to determine?
- Risk
dependencies
- Risk exposure
- Risk management
- Risk appetite
Conclusion
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ReplyDeleteVery informative post. Thanks for Sharing, Highly Recommended to all who want to build Career on Project Management Office . Please Keep Updated ...
The roadmap for project indicates the total proper planning and effective implementation of a pacific project. To make a project successful, proper planning is very important because the project has several parts. The successful implementation of every part makes the project successful.
The project roadmap can present every part of the project planning. When every part of the project is analyzed step by step to make a good execution, the possibility of success of the project is increased. So, you can make a proper route map of the project, it will be very easy to keep the highest focus on each that will bring a better outcome from the project
Learn More: https://pmoglobalinstitute.org/project-roadmap/