Project Planning: Putting It All Together Week 4 Quiz Answer (2023)

Project Planning: Putting It All Together Week 4 Quiz Answer (1)

Project planning: putting it all together

Week 4 quiz answer

Weekly Challenge 4

Question 1)

Fill in the blank: The process of identifying and assessing potential risks and issues that may affect a project is known as _____.

  • risk identification
  • risk mitigation
  • risk analysis
  • risk management

Question 2)

When should project managers get involved in risk management?

  • Regularly throughout the project
  • At the beginning of the project
  • at the end of the project
  • Right after the start of the project.

Question 3)

As a project manager, you are practicing risk management. You've already defined potential risks, determined their likelihood, and prioritized them. You are now developing a plan to address and manage each risk. This represents which stage of risk management?

  • analyze risks
  • treat risks
  • Identify risks
  • Monitor and control risks

Question 4)

Which of the following are necessary steps to create a fishbone (or cause and effect) diagram? Select all that apply.

  • Mitigate the causes
  • identify categories
  • define the problem
  • Analyze the causes

Question 5)

Which of the following is a tool used to assess and prioritize project risks?

  • fishbone diagram
  • electrical network
  • Probability and impact matrix
  • Cause and Effect Diagram

Question 6)

Which of the following types of risk most commonly affects projects? Select all that apply.

  • time risks
  • scope risks
  • inherent risks
  • budget risks

Question 7)

What typically contains a risk management plan? Select all that apply.

  • Probability estimates for each risk
  • A mitigation plan for each risk
  • an executive summary
  • A competitive analysis for each risk

Question 8)

Why do project managers need to clearly communicate risks to key stakeholders? Select all that apply.

(Video) Project Planning Putting It All Together Weekly Challenge 4 Quiz Answer

  • So that they provide additional teammates if needed.
  • Deflect blame for project issues, if necessary
  • To increase trust in the relationship.
  • To convince them to provide a budget increase if needed

Question 9)

As a project manager, you are identifying task dependencies. Task B cannot start until Task A starts. What kind of dependency does this situation represent?

  • Finish to Start (FS)
  • Fin a Fin (FF)
  • Start to start (SS)
  • From start to finish (SF)

Question 10)

What steps should be taken when updating a risk management plan? Select all that apply.

  • Eliminate risks that are no longer relevant.
  • Include any changes to the mitigation plans.
  • Move the plan to a confidential folder.
  • Add newly identified risks.

additional questions

Question 11)

Failing to participate in risk management for your project could have two of the following consequences?

  • You won't be able to use the right tools.
  • You will not be able to establish the necessary relationships with suppliers.
  • You will not be able to meet project deadlines and objectives.
  • You will not be able to make necessary adjustments to the project plan.

Question 12)

When working through the risk management lifecycle, what is the primary objective when assessing a risk?

  • controlling the risks
  • risk prioritization
  • risk treatment
  • risk identification

Question 13)

Which of the following tools can project managers use to generate ideas about possible causes of risks?

  • risk register
  • project charter
  • Stakeholder map
  • fishbone diagram

Question 14)

Fill in the blank: Once an organization has explored the inherent risks of a project, its willingness to accept the possible outcomes of those risks is known as _____.

  • risk assumption
  • risk register
  • risk analysis
  • risk appetite
(Video) 12 Project Planning: Putting It All Together | Weekly Challenge 4 | Google Project Management

Question 15)

Imagine that your company is considering using a provider. The supplier makes quality products, but has noticed that it has a reputation for delaying shipments. Ultimately, you decide to use a different provider. What risk mitigation strategy did you use?

  • control risk
  • avoid the risk
  • reduce the risk
  • accept the risk

Question 16)

Which of the following is the best way to communicate a high-level risk to stakeholders?

  • Plan to present the risks and your mitigation plans at the next monthly meeting.
  • Describe the risks in a weekly planning email and briefly explain your plan to mitigate them.
  • Describe the risks and your mitigation plan to stakeholders the next time you see them in person.
  • Meet face-to-face with stakeholders to present serious risks and your plans to mitigate them.

Question 17)

As a project manager, you are identifying task dependencies. Task B cannot start until task A is completed. What kind of dependency does this situation represent?

  • Fin a Fin (FF)
  • From start to finish (SF)
  • Finish to Start (FS)
  • Start to start (SS)

Question 18)

Which of the following best describes the executive summary of the risk management plan?

  • Description of each risk, its risk rating and a mitigation plan
  • Information such as plan status, creation date, and upload date
  • Charts such as the Impact Chart, Probability Chart, and Probability and Impact Matrix
  • Introduction to project conditions and description of potential risks

Question 19)

Fill in the blank: A(n) _____ is a known and real issue that could affect a team's ability to complete a task.

(Video) Project planning putting it all together weekly challenge 4 || Google Project Management

  • subject
  • risk
  • retreating
  • threat

Question 22)

Choose the best definition of inherent risk in relation to project management.

  • The measure of a risk, calculated by its difficulty and frequency
  • The measure of a risk, calculated by its causes and circumstances
  • The measure of a risk, calculated by its probability and impact
  • The measure of a risk, calculated by its time and dependencies.

Question 23)

What are the most common types of risk that can affect projects?

  • Budget risks, scope risks and internal risks
  • Time risks, budget risks and scope risks
  • Budgetary risks, internal risks and external risks
  • Time risks, budget risks and external risks

Question 24)

Fill in the blank: Four common ways to mitigate risk include _____.

  • avoid it, accept it, reduce or control it and transfer it
  • avoid it, accept it, ignore it and transfer it
  • accept it, ignore it, reduce or control it and transfer it
  • accept it, ignore it, reduce or control it and transfer it

Question 26)

As a project manager, you are identifying task dependencies. Task B cannot finish until Task A is completed: the tasks work at the same time. What kind of dependency does this situation represent?

  • Start to start (SS)
  • From start to finish (SF)
  • Finish to Start (FS)
  • Fin a Fin (FF)

Question 27)

Which of the following best describes the risk register in the risk management plan?

  • A risk assessment technique such as the probability and impact matrix
  • An introduction to project conditions and a summary of potential risks.
  • A description of each risk, its risk rating and a mitigation plan
  • A list of general information such as plan status, creation date, and upload date

Question 28)

Which of the following are examples of external risk? Select all that apply.

  • A change in regulatory requirements
  • A project provider closes
  • A breakdown in communication between team members.
  • A delivery takes longer than expected to complete
(Video) Project planning putting it all together answers || theanswershome

Question 29)

Identify the steps required to create and use a fishbone (or cause and effect) diagram.

  • Define the problem, identify the risks, mitigate the causes and analyze the causes
  • Define the problem, identify risks, brainstorm causes, and monitor feedback.
  • Define the problem, identify categories, brainstorm causes, and analyze causes.
  • Define the problem, identify categories, mitigate causes and monitor feedback

Question 30)

What information can the risk management process provide project managers with a better understanding of? Select all that apply.

  • How could the project manager mitigate the potential risk?
  • When exactly will the risk occur?
  • Who should the project manager consult about a risk?
  • What could go wrong with the project?

Question 31)

Fill in the blank: A potential event that could affect your project if it occurs is called a _____.

  • problem
  • subject
  • delay
  • risk

Question 32)

(Video) Project Planning Putting It All Together Weekly Challenge 5 Quiz Answer

Which of the following is a recommended method for communicating a medium-level risk to stakeholders?

  • Present the risk and your mitigation plan during the team meeting next month.
  • In your weekly planning email, briefly describe the risk and your plan to mitigate it.
  • Call an urgent face-to-face meeting with stakeholders to present the risk and your plan to mitigate it.
  • Send stakeholders a direct email describing the risk and including a detailed explanation of your mitigation plan.


What are the 4 questions needed in making the project plan? ›

At the end of the day, it should answer these four core questions:
  • Core question #1: What are the major deliverables? ...
  • Core question #2: How will we get to those deliverables before or by the deadline? ...
  • Core question #3: Who is on the project team, and what role will they play?
Nov 20, 2014

What are the important questions that project planning should answer? ›

Questions to think about when planning a project
  • What do you want to do?
  • Why are you doing it? ...
  • Structure. ...
  • How and When? ...
  • How much is it going to cost? ...
  • What is likely to go wrong? ...
  • How will you know your project met its goals? ...
  • What makes this project special?

What are the 4 major steps of project risk management? ›

  • Step 1: Risk Identification.
  • Step 2: Risk Assessment.
  • Step 3: Risk Treatment.
  • Step 4: Risk Monitoring and Reporting.
Sep 27, 2021

What are the 4 major determinants of project success? ›

Good planning, diligent execution, timely and appropriate communication, and management of stakeholder expectations are all essential elements in delivering a project to completion. This simple statement belies the complexities involved in any project implementation.

What are the four 4 major parts of a project life cycle? ›

The project management lifecycle consists of four steps: initiating, planning, executing, and closing.

What are the 4 steps in planning? ›

Planning Process
  • 2.1 1] Recognizing Need for Action.
  • 2.2 2] Setting Objectives.
  • 2.3 3] Developing Premises.
  • 2.4 4] Identifying Alternatives.
  • 2.5 5] Examining Alternate Course of Action.
  • 2.6 6] Selecting the Alternative.
  • 2.7 7] Formulating Supporting Plan.
  • 2.8 8] Implementation of the Plan.

What are the 3 important components of project planning? ›

The three major parts of a project plan are the scope, budget and timeline.
They involve the following aspects:
  • Scope. The scope determines what a project team will and will not do. ...
  • Budget. ...
  • Timeline.

What is the most important part of project planning? ›

One of the most obvious–and most important– steps of a project plan is defining your project goals. When you set your goals before work begins, you, your client, and your team are all on the same page and future misunderstandings can be avoided. Good goals are realistic, clear, and measurable.

What are the five 5 important parts of a project plan? ›

Five major components of the project management plan are:
  • Executive Summary – describes the nature of the project deliverables created to satisfy the project requirements and organisation needs.
  • Policy and Procedures.
  • Schedules.
  • Timeline plans.
  • Budgets.
Jan 21, 2018

What are the 4 basic principles of risk management? ›

While risk professionals are well familiar with the core principles of risk management — risk identification, risk analysis, risk control, risk financing and claims management — they are certainly not the only ones to rely on them in their daily thinking and decision-making.

What are the 3 types of project risk? ›

Project risk is the potential of a project to fail. There are three main types of project risks: cost, schedule, and performance.

What are the 4 phases of project management quizlet? ›

  • Develop Human Resource Plan (Planning)
  • Acquire Project Team (Executing)
  • Develop Project Team (Executing)
  • Manage Project Team (Executing)

What are 3 main factors of every project? ›

  • 3 key factors to have a project success. Recent studies have been investigating the project successes factors. ...
  • Synergic Teamwork. A successful project is made by teamwork that knows their importance on it. ...
  • Leaders with vision and imagination. A successful project is led by project managers prepared for future events.
Apr 11, 2019

What are 4 methods for identifying and selecting IS projects? ›

Various Project Selection Methods
  • Benefit Measurement Methods. ...
  • Benefit/Cost Ratio. ...
  • Economic Model. ...
  • Scoring Model in Project Management. ...
  • Payback Period. ...
  • Net Present Value. ...
  • Discounted Cash Flow. ...
  • Internal Rate Of Return.
Feb 28, 2023

What factors impact a project? ›

Factors in Success
  • Experienced Project Managers & Professional Project Team Leaders. ...
  • Methodic Approach. ...
  • Proper Planning. ...
  • Adhere to the Best Practices. ...
  • Monitoring & Control. ...
  • Use a Professional Software. ...
  • Effective Communication. ...
  • Work with Commited People.
Feb 1, 2021

What is the Phase 4 in project management life cycle? ›

The closure stage: The last stage of the 4 Phases of the Project Management Life Cycle Is the closure stage which has an importance of its own. It is also the analyzing stage of the project in which all the steps that have been done are analyzed by the entire team to check the performance within the project.

What are the 4 life cycle models? ›

The life cycle refers to the process that a project goes through from start to finish. There are four main life cycles in project management: predictive, iterative, incremental, and agile.

What are the 4 common stages of life cycles? ›

As mentioned above, there are four stages in a product's life cycle - introduction, growth, maturity, and decline – but before this a product needs to go through design, research and development.

What are the four 4 important phases that planners must accomplish under program implementation? ›

The program evaluation process goes through four phases — planning, implementation, completion, and dissemination and reporting — that complement the phases of program development and implementation. Each phase has unique issues, methods, and procedures.

What makes a good project plan? ›

Project planning is the process of defining your objectives and scope, your goals and milestones (deliverables), and assigning tasks and budgetary resources for each step. A good plan is easily shareable with everyone involved, and it's most useful when it's revisited regularly.

What are the three C's of project management? ›

The 3 C's of Project Management: Clarity, Culture, Course Correction.

What are the 7 steps of project planning? ›

Tip 1: Establish clear goals for the project
  • Preventing scope creep, which means keeping the scope of the project from growing.
  • Staying within a given budget.
  • Completing all aspects of the project.
  • Providing quality work.
  • Completing work on time.
  • Securing the right resources in advance.
Feb 8, 2019

What is the main purpose of project plans? ›

The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among project stakeholders, and document approved scope, cost, and schedule baselines.

What is the most important step in planning? ›

The most critical step in the process of planning is selecting the best possible course of action.

What is the most important phase of a project? ›

The planning phase is the most important; time and effort invested in this phase lays a solid foundation for the project. This phase identifies and defines the project's costs, scope, risks, opportunities and constraints. Appropriate stakeholders should be involved in the planning phase to provide feedback.

What is project plan checklist? ›

A project checklist is a list of the steps required to successfully complete a project. These steps focus on the planning and setup phases. Using a checklist helps teams prepare sufficiently for future project work.

What is the 5 step planning process? ›

Strategic planning process steps

Determine your strategic position. Prioritize your objectives. Develop a strategic plan. Execute and manage your plan.

What are the 5 risk management process? ›

Here Are The Five Essential Steps of A Risk Management Process
  • Identify the Risk.
  • Analyze the Risk.
  • Evaluate or Rank the Risk.
  • Treat the Risk.
  • Monitor and Review the Risk.
Jan 25, 2023

What are the four major risk categories? ›

The main four types of risk are:
  • strategic risk - eg a competitor coming on to the market.
  • compliance and regulatory risk - eg introduction of new rules or legislation.
  • financial risk - eg interest rate rise on your business loan or a non-paying customer.
  • operational risk - eg the breakdown or theft of key equipment.

How do you identify a risk? ›

8 ways to identify risk
  1. Brainstorming. Brainstorming is the act of gathering team members to think about and discuss a subject and to form solutions to any identified problems. ...
  2. Stakeholder interviews. ...
  3. NGT technique. ...
  4. Affinity diagram. ...
  5. Requirements review. ...
  6. Project plans. ...
  7. Root cause analysis. ...
  8. SWOT analysis.
Jun 24, 2022

What are the two most types of risk? ›

Types of Risk

Broadly speaking, there are two main categories of risk: systematic and unsystematic.

What are types of project risk? ›

While all risks can impact a project's performance, some can stall or halt a project entirely. The most potentially impactful project risks include major budget overages, workforce volatility, production and procurement problems, scheduling and resource mismanagement, and organizational changes.

What are the two types of risks usually? ›

The 2 broad types of risk are systematic and unsystematic. Systematic risk is risk within the entire system. This is the kind of risk that applies to an entire market, or market segment.

What are the different stages of project planning? ›

Simply follow these seven steps.
  • Create a scope statement. A scope statement documents what the project will produce and what it will not. ...
  • Create a statement of work. ...
  • Conduct research. ...
  • Identify risks. ...
  • Create a project plan. ...
  • Create a project schedule. ...
  • Review and approve the plan.
Mar 18, 2022

Which one is not a phase of 4 phases of the project management life cycle? ›

Here we are talking about Project Life Cycle phase which is obviously over as Project is done. After that there comes a Product so, Growth is not something related to Project Life cycle.

What are the various phases of project management explain 4 characteristics of each phase? ›

The four phases that mark the life of the project are: conception / start, planning, execution / implementation and closure. Each project therefore has a beginning, a central period, a completion and a final phase (successful or not).

What are the 3 keys to make a successful project business? ›

3 keys to project success: time, communication - risk management.

What are the four 4 pillars of project management? ›

Many of the sessions I attended at the conference re-enforced what I believe to be four pillars upheld by the project manager: trust, respect, accountability and change management.

How do you make a project successful? ›

Successful Project Management FAQs
  1. Foster clear and effective communication.
  2. Set clear goals for your project.
  3. Choose & use the right tools to monitor progress.
  4. Work with a flexible team whose skills combine well.
  5. Keep your project team members motivated as best you can.
Mar 1, 2022

What are the four techniques for planning scheduling and control projects? ›

Below are four popular scheduling techniques used by project managers: Critical Path Method, Program Evaluation and Review Technique, Fast-tracking and crashing, and Gantt charts.

What are four most common project evaluation techniques? ›

The Best Project Evaluation Methods
  • Return on Investment (ROI) The most popular and common way to evaluate a project is through its return on investment (ROI). ...
  • Cost-Benefit Analysis (CBA) ...
  • Net Present Value (NPV) ...
  • Internal Rate of Return (IRR) ...
  • The Payback Period. ...
  • Benefit-Cost Ratio (BCR) ...
  • Risk-Adjusted Discount Rate (RADR)
Jun 27, 2022

What are the methods in a project? ›

In project management, methodologies are specific, strict, and usually contain a series of steps and activities for each phase of the project's life cycle. They are defined approaches showing us exactly what steps to take next, the motivation behind each step, and how a project stage should be performed.

What makes a project fail? ›

The most prevalent reasons for project failures, according to Project Management Institute research, include changes in organizational priorities, improper requirements collection, and changes in project goals.

What are the main reasons for project failure? ›

11 reasons for project failure
  • Poor planning. Although sometimes overlooked in importance, lack of planning can make a project fail. ...
  • Inconsistently defined resources. ...
  • Unclear objectives. ...
  • Lack of detail control. ...
  • Lack of transparency. ...
  • Lack of communication. ...
  • Change of direction. ...
  • Unrealistic expectations.
Sep 30, 2022

What are the 4 factors that can affect a project? ›

Factors Affecting Project Construction and Planning
  • A. Uncertainty about the scope of the project – ...
  • B. Significant change in the scope of the project in the course of its implementation – ...
  • C. High number of stakeholders with influence on the project – ...
  • D. Novelty of the project / technology – ...
  • E. ...
  • F.
Mar 4, 2022

What are 6 questions in the planning process? ›

Here are six questions to ask, which you might have not considered.
  • Why do we exist?
  • How will we behave?
  • Where are we going?
  • How will we succeed?
  • What is most important right “now”?
  • What isn't important?
Jan 8, 2015

When planning a project What are the six questions that should be asked and answered? ›

Just keep these factors in mind.
  • What's the overall approach to the project? ...
  • What tasks will need to be completed? ...
  • What roles or people will work on the project? ...
  • How much time do you and your team need to execute work? ...
  • What other project work will you have going at the same time?
Mar 28, 2016

What is important when planning a project? ›

Project planning involves comprehensive mapping and organizing of project goals, tasks, schedules, and resources before anyone assigns roles for the project and the team begins to execute the plan. You can avoid almost all of the problems that lead to project failure with proper project planning.

What are the 7 questions of planning? ›

The Seven Questions are:
  • What is the situation and how does it affect me?
  • What have I been told to do and why?
  • What effects do I need to achieve and what direction must I give to develop my plan?
  • Where can I best accomplish each action or effect?
  • What resources do I need to accomplish each action or effect?
Feb 10, 2021

What are the 6 key questions? ›

It needs a really strong foundation. One of the best ways that teams can ensure they have a solid foundation is by answering the six basic questions of who, what, why, where, when, and how.

What are the 3 strategic questions? ›

Here are three key strategic planning questions:
  • First, are we clear on our purpose and our bigger “why? ...
  • Second, how do you define what you do – the “businesses within your business?” Why do you define them that way? ...
  • Third, what do you know about the sustainability of each of those businesses?
Oct 7, 2020


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