Description : Scope creep is only a minor factor in projects running over schedule, and every effort should be made to incorporate any changes into the present system if they would truly be beneficial.
Last Answer : Ans: False
Description : Fill in the blank. Crashing refers to when the task duration’s are __ along the critical path to meet the project completion date. Select one: a. scope creep b. floated c. slack d. compressed e. expedited
Last Answer : d. compressed
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 : The underlying cause of many missed project deadlines is scope creep.
Last Answer : Ans: True
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 : 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 : Political unrest, budget overruns, size and complexity of the project Answer: B (8)Decision trees are best used for : 1. Determining the interaction of the amount at stake and the expected ... and the associated events 4. A flow chart which determines the standard deviation of the risk event
Last Answer : 3. An illustration of how to see the interactions between decisions and the associated events
Description : )Which of the following fit the category of external risks? 1. Project delays, budget under-runs, movement of city utilities 2. Regulatory, currency changes, taxation 3. Natural disasters, ... , design, social impact 5. Political unrest, budget overruns, size and complexity of the project
Last Answer : 2. Regulatory, currency changes, taxation
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 : 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 : 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 : A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc 2. Is a mechanism which reacts to the current project status in order to endure ... 4. Is a system for controlling and executing project documentation in an uniform and timely manner
Last Answer : 1. Monitors and controls the project's schedule, costs, scope, budgets etc
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 : The Scope Statement should contain which of the following? 1. Project schedule 2. Project budget constraints 3. Summary of project tasks , deliverables and resources required 4. Project objectives
Last Answer : 4. Project objectives
Description : . A project is typically defined in terms of scope, time, cost and which other parameter? a. Benefits. b. Quality. c. Tolerance. d. Controls.
Last Answer : b. Quality.
Description : Which one of the following statements is true? a. An increase in project scope is likely to increase project cost. b. A decrease in the project time is likely to increase project quality. c. ... to decrease project cost. d. A decrease in the project cost is likely to decrease project time.
Last Answer : a. An increase in project scope is likely to increase project cost.
Description : A(n) _ is a review of the quality plan, procedures, data collection, and analysis by an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit
Last Answer : e. quality audit
Description : Controlling the changes in the project may affect (A)The progress of the project (B)Stage cost (C)Project scope (D)All of the abov
Last Answer : (D)All of the abov
Description : A project is typically defined in terms of scope, time, cost and which other parameter? a. Benefits. b. Quality. c. Tolerance. d. Controls.
Description : When developing a project's scope statement, which of the following should not be included? 1. Project justification. 2. Cost/benefit analysis 3. Project deliverables 4. Measurable objectives
Last Answer : 1. Project justification.
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 : 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 project schedule is used to determine all of the following except which one? A. Cost estimates B. Activity start dates C. Float times D. Activity end dates
Last Answer : A. Cost estimates
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 : Complete the following statement. As a project manager, Darrell is excited that he is assigned to be in charge of the most important project this year. After being chartered for the project, he ... c. prepare for the template to monitor project progress. d. estimate the entire project budget.
Last Answer : b. start to define and develop the stakeholder needs and requirements
Description : Project Scope: 1. is of concern only at the start of the project 2. is mainly a problem to be handled by the change control procedures during the project execution phase. 3. Should ... . is usually not a problem after the contract or other document authorizing the project has been approved.
Last Answer : 3. Should be managed and controlled from the project concept through close-out
Description : The project life cycle consists of (A) Understanding the scope of the project (B) Objectives of the project (C) Formulation and planning various activities (D) All of the above
Last Answer : (D) All of the above
Description : Developing a technology is an example of (A) Process (B) Project (C) Scope (D) All of the above
Last Answer : (B) Project
Description : Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs.
Last Answer : c. The scope of the project.
Description : Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. ... project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.
Last Answer : a. All variance to the project scope is evaluated.
Description : Which of these is not one of the constraints of a project? a. Scope b. Resources c. Team d. Budget
Last Answer : c. Team
Description : Fill in the blank. A __ represents the sequence of the activities needed to complete the project. Select one: a. work break down structure b. scope of work c. project logic diagram d. run chart e. step change
Last Answer : c. project logic diagram
Description : Why are changes to the project scope necessary? Select one: a. To understand reports b. To reflect new information c. To begin planning the project d. To teach team members what they need to know about their jobs e. To establish a trusting project culture
Last Answer : b. To reflect new information
Description : What is the first step in project planning? Select one: a. Establish the objectives and scope. b. Determine the budget. c. Select the team organizational model. d. Determine project constraints. e. Inspect the deliverables.
Last Answer : a. Establish the objectives and scope.
Description : Fill in the blank. During the _________ of a project, the project manager focuses on developing the project infrastructure needed to execute the project and developing clarity around the project charter and scope. ... one: a. completion b. start-up c. execution d. evaluation e. selection
Last Answer : b. start-up
Description : What should be done by the project manager to ensure that all the work in the project is included? Select one: a. Create a contingency plan. b. Create a risk management plan. c. Create a WBS. d. Create a statement of work. e. Create a scope statement.
Last Answer : c. Create a WBS.
Description : According to the PMBOK guide which of the following statements is right in terms of using reserve analysis to determine a project budget ? a. Reserve analysis always plans contingency reserves ... not practical. e. Contingency reserves have never been a concern when planning a project budget.
Last Answer : . Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget.
Description : The conceptual estimate is developed with the least amount of knowledge. When more information is known, the project team can develop a: Select one: a. work breakdown structure b. critical estimate c. rough order of magnitude (ROM) estimate d. scope of work e. ballpark estimate
Last Answer : c. rough order of magnitude (ROM) estimate