Description : In the project planning, which of the following is considered as the most basic parameter based on which all other estimates are made? A. project size B. project effort C. project duration D. project schedule
Last Answer : A. project size
Description : Estimates from the planning stage will need to be refined as the project progresses, because it is virtually impossible to develop an exact assessment of the project’s schedule before the analysis and design phases are conducted.
Last Answer : Ans: True
Description : What is a project? A. A permanent endeavor that consumes resources, has objectives based on specifications, and consumes resources. (Ans.) B. A temporary endeavor which uses a series of ... , defined start and end dates, have funding limits, consume resources, and create a lasting outcome.
Last Answer : A. A permanent endeavor that consumes resources, has objectives based on specifications, and consumes resources. (Ans.)
Description : You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the ... the weighted average or expected value? A. 54 B. 66 C. 60 D. 30
Last Answer : C. 60
Description : A critical path network diagram does NOT: A. Help determine the amount of float B. Identify the particularly important activities C. Calculate earned value D. Calculate the duration of the whole project
Last Answer : C. Calculate earned value
Description : Independent float is the amount of time by which: A. Start of the activity can be delayed without affecting the EST of subsequent activity B. reduces the float of subsequent ... without affecting EST D. completion of an activity can be delayed beyond earliest possible finishing time
Last Answer : A. Start of the activity can be delayed without affecting the EST of subsequent activity
Description : Free float for any activity is defined as the difference between A. its earliest finish time and earliest start time for its successor activity B. its latest start time and earliest start time ... its successor activity D. its earliest finish time and latest start time for its successor activity
Last Answer : A. its earliest finish time and earliest start time for its successor activity
Description : )In a program or project plan, there are always revisions to account for new or missing data. Which one of the following provides the best reason for performing a revision of the plan? 1. ... 4. Historical data on a similar project suggests that risk events are not included in the current plan.
Last Answer : 2. Project tasks are crashed to meet their end dates
Description : During project estimation, project manager estimates following A. project cost B. project duration C. project effort D. all of the above
Last Answer : D. all of the above
Description : To crash a schedule you should: 1. Increase the time allowed on those tasks that have float. 2. Try to increase expenditures of time only those tasks that are behind schedule. 3. Replace those ... to par with the busy. 4. Increase work efforts on those tasks that are on the critical path.
Last Answer : 4. Increase work efforts on those tasks that are on the critical path.
Description : . A schedule activity may begin 10 days before the predecessor activity finishes. This is an example of: A. Finish-to-Start B. Start-to-Finish C. Start-to-Start D. Finish-to-Finish
Last Answer : A. Finish-to-Start
Description : A schedule activity may begin 10 days before the predecessor activity finishes. This is an example of: A. Finish-to-Start B. Start-to-Finish C. Start-to-Start D. Finish-to-Finish
Description : Which of the following is typically a written document that defines what work will be accomplished by the end of the project? Select one: a. Scope of work (SOW) b. Project logic diagram c. Milestone schedule d. Ballpark estimate e. Work breakdown structure
Last Answer : a. Scope of work (SOW)
Description : In a project schedule, the sequence of activities which cannot be delayed during the course of the project without extending the project end date is referred to as the: A. Action plan B. Critical path C. Schedule baseline D. Slack line
Last Answer : B. Critical path
Description : The Scope Baseline is: 1. the original description of the project's end results 2. a summary description of the project's original content and end product, including basic budgetary and time constraint data 3. the original project budget and schedule 4. a and c
Last Answer : 2. a summary description of the project's original content and end product, including basic budgetary and time constraint data
Description : PERT chart can be used to track the tasks of a project when task time estimates are fairly uncertain.
Description : The hurricane model implies that project estimates become more accurate as the project's product becomes better understood.
Description : One of the greatest weaknesses of systems consulting firms is that they try to apply estimates and methodologies that they have developed over time and applied to other projects, most of which are very different from the current project.
Last Answer : Ans: False
Description : This activity is undertaken once the development activities start? A. Project Planning B. Project Monitoring and Control C. Project size estimation D. Project cost estimation
Last Answer : B. Project Monitoring and Control
Description : Five dimensions that must be managed on a project (A) Constraint, Quality, Cost, Schedule, Staff (B) Features, Quality, Cost, Schedule, Staff (C) Features, priority, Cost, Schedule, Staff (D) Features, Quality, Cost, Schedule, customer
Last Answer : (B) Features, Quality, Cost, Schedule, Staff
Description : . If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance
Last Answer : D. There is no cost variance
Description : A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance
Last Answer : C. Management Contingency Reserve
Description : Which of the following project baselines provides the basis for measurement of the expected cash flow against requirements over time and is often displayed as an S curve? Select one: a. Schedule baseline b. Cost performance baseline c. Scope baseline d. Plan baseline e. Initiation baseline
Last Answer : b. Cost performance baseline
Description : The project manager works with the project sponsor to identify the necessary resources and team members needed to further develop the key project parameters – Cost, Scope, Schedule, and Quality (CSSQ). (True/False)
Last Answer : Ans. True
Description : Scope, cost, and schedule are some of the parameters used for project negotiation. (True/False)
Description : dimensions that must be managed on a project (A)Constraint, Quality, Cost, Schedule, Staff (B)Features, Quality, Cost, Schedule, Staff (C)Features, priority, Cost, Schedule, Staff (D)Features, Quality, Cost, Schedule, customer
Last Answer : (B)Features, Quality, Cost, Schedule, Staff
Description : The most common reason for schedule and cost overruns that surface after the project is underway is scope creep.
Description : What is the definition of Earned Value Management? A. An approach that combines the scope, schedule, and cost baseline into a project performance and progress measurement tool. B. ... approach that combines the scope and cost baseline into a project performance and progress measurement tool.
Last Answer : A. An approach that combines the scope, schedule, and cost baseline into a project performance and progress measurement tool.
Description : Earned value management integrates scope, cost, and schedule measures to: A. assess project performance and progress. B. develop a preliminary budget. C. assess communication effectiveness among project team members. D. assess whether all requirements were met.
Last Answer : A. assess project performance and progress.
Description : What are the key components in the "Triple constraint Triangle"? A. Scope, Schedule, Cost, Project Manager B. Scope, Time, Cost, Project (Ans.) C. Time, Money, Scope, Project D. Project Manager, Time, Scope, Money
Last Answer : B. Scope, Time, Cost, Project (Ans.)
Description : A risk is defined as what might happened to the ____________ of the project 1. assessment 2. detriment 3. schedule 4. cost 5. scope
Last Answer : 2. detriment
Description : In the project management theory, balancing scope, schedule, and cost goals is often termed as (A) triangular dilemma (B) triple constraint (C) fundamental trade-off (D) project portfolio management
Last Answer : (B) triple constraint
Description : Five dimensions that must be managed on a project A. Constraint, Quality, Cost, Schedule, Staff B. Features, Quality, Cost, Schedule, Staff C. Features, priority, Cost, Schedule, Staff D. Features, Quality, Cost, Schedule, customer
Last Answer : B. Features, Quality, Cost, Schedule, Staff
Description : If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance
Description : Which of the following establishes key dates throughout the life of a project that must be met for the project to finish on time? Select one: a. Critical path b. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedule
Last Answer : e. Milestone schedule
Description : Fill in the blank. Risk represents the likelihood that an event will happen during the life of the project that will negatively affect the ________________ of project goals. Select one: a. scope creep b. achievement c. float d. rough order of magnitude e. slack
Last Answer : b. achievement
Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation
Last Answer : b. Program evaluation review technique
Description : During a new project planning process to sequence activities, the project manager, Nate, decides to use the precedence diagraming method to show the identified activity dependencies. Which of the following logical ... -finish c. Finish-to-finish d. Start-to-start e. All of these answers
Last Answer : b. Start-to-finish
Description : . An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ... of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified.
Last Answer : b. capture learning and document it for future usage.
Description : Which one of the following is a valid project Key Performance Indicator (KPI)? a. Staff appraisals. b. Management buy in. c. Milestone achievement. d. Master schedule.
Last Answer : c. Milestone achievement.
Description : When calculating EVM, Peter noticed that the cumulative planned value is 150% of the cumulative earned value. What does this mean? Select one: a. SPI1, so the project is OK to complete on time. c. SPI1, so the project is behind schedule. e. SPI>1, so the project is on schedule.
Last Answer : a. SPI
Description : Complete the following statement. The method of incorporating change into project planning and execution processes is called the: Select one: a. project logic diagram. b. change management process. c. milestone schedule d. critical path e. rough order of magnitude
Last Answer : b. change management process.
Description : As a project manager, while Kathy was trying to categorize all potential risks for her new construction project M based on levels of probability and impact on the project, she identified a potential risk, ... b. Risk management plan c. Project management plan d. WBS e. Scope management plan
Last Answer : d. WBS
Description : A project budget estimate that is developed with the least amount of knowledge is known as which of the following? Select one: a. Rough order of magnitude (ROM) estimate b. Scope of work estimate c. Conceptual estimate d. Line estimate e. Milestone schedule estimate
Last Answer : c. Conceptual estimate
Description : Subsequent to preparing ____, the team plans the project schedule and budget
Last Answer : Ans. Work Breakdown Structure
Description : Jim Smith, the project manager for a high-profile project, has permitted the users to add additional features to the systems project. The schedule and costs are now running over. This project suffers from poor standards.
Description : The project team has just determined that the deadline for completion will not be met. In order to deliver a high quality system on schedule, the team has requested that the features be ... that a fixed deadline be imposed for the project. This technique is referred to as SDLC methodology.
Description : The _____ is a dynamic schedule that logs and monitors all of the tasks that need to be accomplished for the length of the project. a. margin of error b. project manager c. project objective d. timebox e. work plan
Last Answer : e. work plan