CSM80006: Engineering Project Management - IT Assignment Help

Assignment Task:

TASK: 

SECTION – A of CSM80006 Test: Part 2

(This section has ten questions. Answer ALL questions in this section) Provide relevant answers for the following multiple choice questions in Section A.

10 x 1 = 10 marks

(A1) With respect to Agile, the following is/ are correct

I. An agile is not a network of teams within a people-cantered culture
II. Agile project management is an iterative and incremental approach to delivering requirements throughout the project life cycle
III. Agile is an approach where lean tools are not involved Improving Processes
IV. All of the above

ANSWER FOR A1:
(A2) In project management domain, the acronym “CPM” refers to:
I. Crucial Project Management
II. Cost Per Mile
III. Critical Project Method
IV. Critical Path Method

ANSWER FOR A2:
(A3) In project cost management process, which of the following is not correct:
I. Contingency reserve is a part of budget intended to address the “Known- Unknowns” that can affect a project
II. Management reserve is an amount of budget generally intended to address
the “Unknown-Unknowns” that can affect a project
III. Event contingency refers to monetary provision in project budget to cover
the costs associated with occurrence of one or more specific risks
IV. Cost Variance in Earned Value Management is the difference between Direct Costs and Sunk Costs

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