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It is FINALLY done! I've been casually flirting with doing it for... years I guess, started some concerted, actual PMBOK studying maybe 12-months ago, and have been pretty much working on it since then, including an exam prep course in early November. I cannot begin to express what a relief it is :)
PROJ 595 Week 8 Final Exam
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1. (TCOs A and B) An EVM analysis employs which factors to evaluate risks? (Points : 5)
Risk and impact
Probability and urgency
Impact and probability
Decision trees and reliability of data
Question 2. 2. (TCO G) You have completed all design drawings and have a complete scope for your project. You need to hire a contractor to build the product to your designs. Which type of contract would be best in this situation? (Points : 5)
FPEPA
T&M
CPIF
FP
Question 3. 3. (TCO D) In which risk response strategy is the responsibility for the risk moved to a third party? (Points : 5)
Transference and sharing
Exploitation and avoidance
Acceptance and enhancement
Mitigation and active acceptance
4. (TCOs A and B) You have been appointed as a project manager for a high-dollar project for a government agency, and you have been asked by your boss to identify the stakeholder groups and the individuals who make up those groups in order to start the stakeholder analysis. Identify at least six groups of stakeholders and the individuals who comprise those groups, and explain when the stakeholder identification process should take place during the planning of the project. (Points : 20)
5. (TCO B) Due to globalization within your industry, you have been appointed as the project manager for an R & D project. Your task is to create a new technologically advanced solar cell. You want to employ the PMBOK® Guide risk management process. Senior management would like you to briefly describe the process and all its steps. Please create a short briefing for senior management below. (Points : 40)
12. (TCO I) You are the project manager on a critical project for your corporation. You have decided to employ fault-tree analysis on your project. What is fault-tree analysis, and how can it be applied to your project? (Points : 25)
11. (TCO H) Senior management is concerned about risk owners on your project. What is the role of a risk owner in the risk management process? (Points : 20)
9. (TCO F) You are a project manager for a large healthcare R & D project. Senior management has asked you to utilize a sensitivity analysis and a tornado diagram to quantify risks on your project. Senior management’s major concern is the price of raw materials in the development of the new drug. Describe how to perform a sensitivity analysis and use a tornado diagram to quantify risks to your project. (Points : 25)
10. (TCO G) Describe and discuss when one should use an FPEPA contract. Compare and contrast this to a typical FP contract. (Points : 20)
8. (TCO E) Senior management has just returned from a risk management workshop. One of the topics was reserve analysis. Management does not completely understand the concept and asks you what the purpose is of performing reserve analysis during the risk management process. (Points : 20)
7. (TCO D) You are the project manager for an important healthcare project. You are performing qualitative risk analysis. Below are the values of probability and impact for the top six risks that were given to you by project team. Assuming a neutral stakeholder tolerance, which risks must be addressed proactively if possible?(Points : 25)
6. (TCO C) You are the project manager for a large health information technology project. You are confronted with an important decision on your project: How much scenario testing is appropriate for this project? Employ decision tree analysis to provide senior management with the best course of action for this decision.
For this decision, you have three possible choices: no scenario testing of the design, moderate scenario testing of the design, or full scenario testing of the design. No scenario testing will incur no additional costs due to testing and has a 10% chance of a successful implementation. If it is unsuccessful, rework costs are likely to be $30 million. Moderate scenario testing will cost $5 million and has a 50% chance of success. If it is unsuccessful, rework costs are likely to be $30 million. Full scenario testing will cost $10 million and has a 90% chance of success. If it is unsuccessful, rework costs are likely to be $30 million. Which solution is appropriate for this project? (Points : 40)
This image is excerpted from a U.S. GAO report:
www.gao.gov/products/GAO-16-698
DATA ACT: Improvements Needed in Reviewing Agency Implementation Plans and Monitoring Progress
Other photos:
2009 01 06
From left to right:
- The High Cost of Free Parking by Donald Shoup (now signed!)
- Design of Cities by Edmund Bacon
- The New Transit Town by Dittmar & Ohland
- The Geography of Nowhere by James Kunstler
- The Death and Life of Great American Cities by Jane Jacobs
- Crabgrass Frontier by Kenneth Jackson
- The American Suburb by Jon Teaford
- Taking the High Road by Katz & Puentes
- How Women Saved the City by Daphne Spain
- Save Our Land, Save Our Towns by Hylton & Seitz
- The City Shaped by Spiro Kostof
- The Highway Code by the Department for Transport and Driving Standards Agency of Great Britain
- Signspotting by Lonely Planet
- Readings in Planning Theory edited by Campbell and Fainstein
- Urban Transportation Planning by Meyer & Miller
- Modelling Transport by Ortúzar & Willumsen
- Traffic Engineering by Roess, Prassas, & McChane
- Principles of Highway Engineering and Traffic Analysis by Mannering, Washburn, & Kilareski
- Commuting in America III by Alan Pisarski with the NCHRP, TCRP, for TRB.
- Some loose papers of research from Sweden
- A Guide to the Project Management Body of Knowledge by the Project Management Institute
- Project Management in Practice by Mantel, Meredith, Shafer, & Sutton
- Developing Management Skills by Whetten & Cameron
- Positive Leadership by Kim Cameron
- Building the Bridge As You Walk On It by Robert Quinn
- Trip Generation 8 (1 notebook & 2 books) by the Institute of Transportation Engineers
- Book of maintenance of traffic standards
- Book of work zone guidelines
- Mighty Goomba!!!
However, what's missing because it's either lower on my desk, in my backpack, or back at my apartment:
- Countless issues of ITE Journal
- Countless issues of Traffic International
- Several issues of Better Roads
- Traffic by Tom Vanderbilt
- The Boulevard Book by Allan Jacobs, Elizabeth Macdonald, Yodan Rofé
- The World Without Us by Alan Weisman
- Manual on Uniform Traffic Control Devices, 2003 Edition from the FHWA
- The Highway Capacity Manual, 2000 Edition from the Transportation Research Board
- A Policy on Geometric Design of Highways and Streets, 4th Edition from AASHTO
- And a photo of Robert Moses to counter-balance Jane Jacobs.
...I'm not keen on all the self-esteem books: none of them quite conform with the way my mind works. They're just leftover from some classes I took back in the grad school days.
While I like Jane Jacobs, I also have an infatuation with Robert Moses. I have to respect that he single-handedly became among the most powerful men ever to exist in America whilst acquiring rather little wealth. He helped form New York City today: both what we hate and what we love. His capabilities to see projects through were phenomenal, and his preference for greater good rather than individual good is a bit in line with my philosophy... though with consideration of Jane Jacobs, I do agree that Moses crossed the line on some (or many) occasions. Both were right, and both were wrong; each in different ways.
And then to pick at two others: Hylton's book is good at providing visual impacts of sprawl but is rather short on details and solutions. Kunstler's book is great at criticising but also very lacking on suggestions. Most of others provide some great commentary and suggestions, though not necessarily all of which I agree with wholeheartedly.
The team Building focused on activities and ways to Japanize an overseas team of project managers. Sharing culture and Japanese Project Management techniques by actually visiting companies that practice Japanese Style project management for example Toyota will create buy in for a team. The Linked hands symbolize understanding. the sun is symbol for clarity.
This image is excerpted from a U.S. GAO report:
www.gao.gov/products/GAO-17-348
WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY: Improved Planning of Future Rehabilitation Projects Could Prevent Limitations Identified with SafeTrack
Knowledge Cloud describing a Stakeholder Dashboard. A stakeholder dashboard is a User interface to manage Stakeholders. Notice how you can move into the future Ideal, and you can also rewind the past performance.
This image is excerpted from a U.S. GAO report:
www.gao.gov/products/GAO-15-282
DEFENSE MAJOR AUTOMATED INFORMATION SYSTEMS: Cost and Schedule Commitments Need to Be Established Earlier