The probability of completing the project can be estimated based upon the . (A)Uniform distribution curve (B)Normal distribution curve. (C)U-shaped distribution curve (D)None of the above

The probability of completing the project can be estimated based 

upon the .

(A)Uniform distribution curve

(B)Normal distribution curve.

(C)U-shaped distribution curve

(D)None of the above
by

1 Answer

Answer :

(B)Normal distribution curve.
by

Related questions

The probability of completing the project can be estimated based upon the ____ . (A) Uniform distribution curve (B) Normal distribution curve. (C) U-shaped distribution curve (D) None of the above

Description : The probability of completing the project can be estimated based upon the ____ . (A) Uniform distribution curve (B) Normal distribution curve. (C) U-shaped distribution curve (D) None of the above

Last Answer : (B) Normal distribution curve.

In the initial stage of the project the probability of completing the project is . (A)Zero (B)High (C)Low (D)Any of the above

Description : In the initial stage of the project the probability of completing the  project is . (A)Zero (B)High (C)Low (D)Any of the above

Last Answer : (C)Low

.In the initial stage of the project the probability of completing the project is ___ . A.Zero B.High C.Low D.Medium

Description : .In the initial stage of the project the probability of completing the project is ___ .   A.Zero  B.High  C.Low  D.Medium

Last Answer : C.Low

Sergei, the project manager, is worried about completing the project on time. To increase the productivity of his 15-person team he should create subteams with no more than 10 people on a sub team.

Description : Sergei, the project manager, is worried about completing the project on time. To  increase the productivity of his 15-person team he should create subteams with no more  than 10 people on a sub team.

Last Answer : Ans: True

The three steps of project management are _____. a. controlling the project, directing the project, and creating the work plan b. creating the work plan, staffing the project, and controlling and directing the project c. directing the project, creating the work plan, and naming the tasks d. naming the tasks, creating the work plan, and completing the deliverables e. setting the start date, estimating the time, and reading the actual time

Description : The three steps of project management are _____. a. controlling the project, directing the project, and creating the work plan  b. creating the work plan, staffing the project, and controlling ... the deliverables  e. setting the start date, estimating the time, and reading the actual time

Last Answer : b. creating the work plan, staffing the project, and controlling and directing the  project

A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the contract progresses 2. a reimbursement of allowable cost of services performed plus an agreed upon percentage of the estimated cost as profit 3. the supplier with a fixed price for delivered performance plus a predetermined fee for superior performance 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the final price is dependent on the quantities needed to carry out the work.

Description : A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the  contract progresses  2. a reimbursement of allowable cost of services ... unit rates and the  final price is dependent on the quantities needed to carry out the work.

Last Answer : 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the  final price is dependent on the quantities needed to carry out the work

Using typical industry standards for estimating project time schedules, the estimated analysis phase would be 10 person-months for a systems project where the planning phase was completed in 7.5 person-months.

Description : Using typical industry standards for estimating project time schedules, the estimated  analysis phase would be 10 person-months for a systems project where the planning phase was completed in 7.5 person-months.

Last Answer : Ans: True

Using typical industry standards for estimating project time schedules, the estimated analysis phase would be 25 person-months for a systems project where the planning phase was completed in 30 person-months.

Description : Using typical industry standards for estimating project time schedules, the estimated  analysis phase would be 25 person-months for a systems project where the planning phase was completed in 30 person-months.

Last Answer : Ans: False

When using a function point estimation worksheet, there are 14 factors that impact the complexity of a project. These factors include _____. a. data communications, time tradeoffs, and estimated effort b. end-user efficiency, data communications, and reusability c. performance and programming language d. reports printed and PCA e. x-rays, extensibility, and operational conversion

Description : When using a function point estimation worksheet, there are 14 factors that impact the complexity of a project. These factors include _____.  a. data communications, time tradeoffs, and ... programming language  d. reports printed and PCA  e. x-rays, extensibility, and operational conversion

Last Answer : b. end-user efficiency, data communications, and reusability

. When estimating project time schedules using industry standards, the estimated project completion time for a systems project would be _____ person-months if the actual planning phase were completed in 6 person-months. a. 30 b. 40 c. 17.14 d. 9 e. 50

Description : . When estimating project time schedules using industry standards, the estimated  project completion time for a systems project would be _____ person-months if the actual  planning phase were completed in 6 person-months.  a. 30  b. 40  c. 17.14  d. 9  e. 50

Last Answer : b. 40

Function points are used to measure the estimated _____ of a project. a. complexity b. effort required c. program size d. time required

Description : Function points are used to measure the estimated _____ of a project.  a. complexity  b. effort required  c. program size  d. time required

Last Answer : c. program size

The estimated benefits from a capital budgeting project are expected as cash flows rather than income flows because . A. it is more difficult to calculate income flows than cash flows B. it is cash, not accounting income, that is central to the firm's capital budgeting decision C. this is required by the accounting profession

Description : The estimated benefits from a capital budgeting project are expected as cash flows rather than income flows because . A. it is more difficult to calculate income flows than cash flows B. it ... is central to the firm's capital budgeting decision C. this is required by the accounting profession

Last Answer : B. it is cash, not accounting income, that is central to the firm's capital budgeting decision

During the planning development process, at times it is necessary to make certain assumptions to enhance the project plan when the data is not available. In regard to making those assumptions, which one of the following is most true for project planning purposes? 1. The assumptions will be considered as true, real, or certain. 2. By making the assumption, it tends to reduce the project risk. 3. Project assumptions are based upon historical data used for the project. 4. Senior management predefines the budget constraints.

Description : During the planning development process, at times it is necessary to make certain assumptions to enhance the project plan when the data is not available. In regard to making those assumptions, ... upon historical data used for the project.  4. Senior management predefines the budget constraints.

Last Answer : 1. The assumptions will be considered as true, real, or certain.

If the expected time of completion of a project is 60 weeks with a standard deviation of 5 weeks, the probability of completing the project in 50 weeks and 65 weeks respectively will be (A) 2.3% and 84.1% (B) 97.7% and 84.1% (C) 97.7 % and 15.9% (D) 15.9% and 97.7%

Description : If the expected time of completion of a project is 60 weeks with a standard deviation of 5 weeks, the probability of completing the project in 50 weeks and 65 weeks respectively will be (A) 2.3% and 84.1% (B) 97.7% and 84.1% (C) 97.7 % and 15.9% (D) 15.9% and 97.7%

Last Answer : (A) 2.3% and 84.1%

f the mean and the median pertaining to a certain character of a population are of the same value, the following is most likely to occur (a) a bi-modal distribution (b) a T-shaped curve (c) a skewed curve (d) a normal distribution.

Description : f the mean and the median pertaining to a certain character of a population are of the same value, the following is most likely to occur (a) a bi-modal distribution (b) a T-shaped curve (c) a skewed curve (d) a normal distribution.

Last Answer : (d) a normal distribution.

In PERT analysis, the time estimates of activities and probability of their occurrence follow (A) Normal distribution curve (B) Poisson's distribution curve (C) Beta distribution curve (D) None of the above

Description : In PERT analysis, the time estimates of activities and probability of their occurrence follow (A) Normal distribution curve (B) Poisson's distribution curve (C) Beta distribution curve (D) None of the above

Last Answer : (C) Beta distribution curve

In the initial stage of the project the probability of comple(C) Low (D) Any of the aboveting the project is ___ . (A) Zero (B) High

Description : In the initial stage of the project the probability of completing the project is ___ . (A) Zero (B) High (C) Low (D) Any of the above

Last Answer : (C) Low

The process of assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describes which of the following processes? A. Quantitative Risk Analysis B. Risk Identification C. Qualitative Risk Analysis D. Risk Management Planning

Description : The process of assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describes ... Risk Analysis B. Risk Identification C. Qualitative Risk Analysis D. Risk Management Planning

Last Answer : C. Qualitative Risk Analysis

)The total amount of risk that is calculated for a project is found by 1. Multiplying the sum of each the risk times the amount at stake2. Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events 3. Cannot be calculated since all risks are not know 4. The amount of project reserves available

Description : )The total amount of risk that is calculated for a project is found by 1. Multiplying the sum of each the risk times the amount at stake 2. Calculating the cumulative sum of the probability for ... 3. Cannot be calculated since all risks are not know  4. The amount of project reserves available

Last Answer : 2. Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events

The Three attributes of project risk are _________, ___________ and ___________. 1. What might happen, who it happens to, and how much will it cost 2. Notification, frequency of5. Risk event, probability occurrence, the amount at stake relevant events, probability of occurrence 3. Risk cost, quality, control 4. Quality, risk planning, total number of risk events

Description : The Three attributes of project risk are _________, ___________ and ___________. 1. What might happen, who it happens to, and how much will it cost  2. Notification, frequency of relevant events, ... planning, total number of risk events 5. Risk event, probability occurrence, the amount at stake

Last Answer : 5. Risk event, probability occurrence, the amount at stake

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 accomplishment of project objectives 3. Is only needed on large mega projects 4. Is a system for controlling and executing project documentation in an uniform and timely manner

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

During which stage of Risk planning are risks prioritized based on probability and impact? a. Identify Risks b. Plan Risk responses c. Perform Qualitative risk analysis d. Perform Quantitative risk analysis

Description : During which stage of Risk planning are risks prioritized based on probability and impact? a. Identify Risks b. Plan Risk responses c. Perform Qualitative risk analysis d. Perform Quantitative risk analysis

Last Answer : c. Perform Qualitative risk analysis

During which stage of Risk planning are risks prioritized based on probability and impact? a. Identify Risks b. Plan Risk responses c. Perform Qualitative risk analysis d. Perform Quantitative risk analysis

Description : During which stage of Risk planning are risks prioritized based on probability and impact? a. Identify Risks b. Plan Risk responses c. Perform Qualitative risk analysis d. Perform Quantitative risk analysis

Last Answer : c. Perform Qualitative risk analysis

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

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

Considers the total cost of ownership, or development plus support costs, for a project. A. Learning Curve Theory B. Life Cycle Costing C. Parametric Modeling D. Rate of Performance

Description : Considers the total cost of ownership, or development plus support costs, for a project. A. Learning Curve Theory B. Life Cycle Costing C. Parametric Modeling D. Rate of Performance

Last Answer : B. Life Cycle Costing

The entire process of a project may be considered to be made upon a number of sub- processes placed in different stages called the Work Breakdown Structure. (True/False)

Description : The entire process of a project may be considered to be made upon a number of sub- processes placed in different stages called the Work Breakdown Structure. (True/False)

Last Answer : Ans. True

Each component of the software product is separately estimated and the results aggregated to produce an estimate for the overall job. (A) Algorithmic model (B) Expert judgment (C) Bottom-up (D) Top down

Description : Each component of the software product is separately estimated and the results aggregated to produce an estimate for the overall job. (A) Algorithmic model (B) Expert judgment (C) Bottom-up (D) Top down

Last Answer : (C) Bottom-up

Each component of the product is separately estimated and the results aggregated to produce an estimate for the overall job. (A)Algorithmic model (B)Expert judgment (C)Bottom-up (D)Top down

Description : Each component of the product is separately estimated and the results aggregated to produce an estimate for the overall job. (A)Algorithmic model (B)Expert judgment (C)Bottom-up (D)Top down

Last Answer : (C)Bottom-up

Which of the following represents the estimated value of the work actually accomplished? A. Earned value (EV) B. Planned value (PV) C. Actual cost (AC D. Cost variance (CV)

Description : Which of the following represents the estimated value of the work actually  accomplished?  A. Earned value (EV)  B. Planned value (PV)  C. Actual cost (AC  D. Cost variance (CV)

Last Answer : A. Earned value (EV)

Estimates of a water supply project depends upon the rate of water supply per capita consumption and probable population estimated at the end of the design period of (A) 5 to 10 years (B) 10 to 15 years (C) 15 to 20 years (D) 20 to 30 years

Description : Estimates of a water supply project depends upon the rate of water supply per capita consumption and probable population estimated at the end of the design period of (A) 5 to 10 years (B) 10 to 15 years (C) 15 to 20 years (D) 20 to 30 years

Last Answer : (D) 20 to 30 years

The pole faces of U-shaped magnet in a moving coil galvanometer are made concave to a) decrease the strength of magnetic field b) create a non-uniform magnetic field c) make the magnetic field radial d) All of these

Description : The pole faces of U-shaped magnet in a moving coil galvanometer are made concave to a) decrease the strength of magnetic field b) create a non-uniform magnetic field c) make the magnetic field radial d) All of these

Last Answer : c) make the magnetic field radial

Valleys formed by glaciers always have which of the following characteristics? w) U-shaped cross sections x) straight courses y) uniform slopes z) bedrock floors

Description : Valleys formed by glaciers always have which of the following characteristics? w) U-shaped cross sections x) straight courses y) uniform slopes z) bedrock floors

Last Answer : ANSWER: W -- U-SHAPED CROSS SECTIONS

Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future condition or event based on information or knowledge available now. c. The value of useful work done at any given point in a project to give a measure of progress. d. A situation that affects or influences the outcome of the project expressed in time or cost terms

Description : Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms

Last Answer : a. An approximation of project time and cost targets, refined throughout the project life cycle.

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

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

Which of the following is true about management meetingc. They are purely fact-based meetings with a left-brain type focus. d. They have very little dialogue except to ask clarification questions. e. They are oriented toward developing plans, tracking progress of existing plans, and making adjustments to plans in response to new information.s? Select one: a. They are short meetings to develop a common understanding of what the short-term priorities are for the project. b. They focus on short-term activities, usually less than a week in duration.

Description : Which of the following is true about management meetings? Select one: a. They are short meetings to develop a common understanding of what the short-term  priorities are for the project. ... , tracking progress of existing plans, and  making adjustments to plans in response to new information.

Last Answer : e. They are oriented toward developing plans, tracking progress of existing plans, and  making adjustments to plans in response to new information.

The project team documents its charge in the form of a ____, which is based on the project proposal and business case

Description : The project team documents its charge in the form of a ____, which is based on the  project proposal and business case

Last Answer : Ans. Project charter

PERT (Project Evaluation and Review Technique) analysis is based on A. Optimistic time, Pessimistic time and Most likely time B.Pessimistic time, Optional time, Maximum time C.Optimistic time, Efficient time, Most likely time D.Minimax time, Optimistic time and harmonic time

Description : PERT (Project Evaluation and Review Technique) analysis is based on  A. Optimistic time, Pessimistic time and Most likely time  B.Pessimistic time, Optional time, Maximum time  C.Optimistic time, Efficient time, Most likely time  D.Minimax time, Optimistic time and harmonic time

Last Answer : A. Optimistic time, Pessimistic time and Most likely time

A(n) ____________ is a measure of program size based on the number and complexity of inputs, outputs, queries, files, and program interfaces. a. function point b. line of code c. project plan d. standard module e. workplan

Description : A(n) ____________ is a measure of program size based on the number and  complexity of inputs, outputs, queries, files, and program interfaces.  a. function point  b. line of code  c. project plan  d. standard module  e. workplan

Last Answer : a. function point

Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future condition or event based on information or knowledge available now. c. The value of useful work done at any given point in a project to give a measure of progress. d. A situation that affects or influences the outcome of the project expressed in time or cost terms.

Description : Which one of the following statements best defines an estimate?  a. An approximation of project time and cost targets, refined throughout the project life  cycle.  b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms.

Last Answer : a. An approximation of project time and cost targets, refined throughout the project life  cycle.

The time corresponding to minimum total project cost is A. crash time B. normal time C. optimistic time D. between normal time and crash time

Description : The time corresponding to minimum total project cost is  A. crash time B. normal time C. optimistic time D. between normal time and crash time

Last Answer : D. between normal time and crash time

The time corresponding to minimum total project cost is A. crash time B. normal time C. optimistic time

Description : The time corresponding to minimum total project cost is  A. crash time B. normal time C. optimistic time

Last Answer : D. between normal time and crash time

Michelle has decided to use a shortcut to determine tc. microconvergent d. normal e. very simplehe complexity of the project she is currently managing. She has assigned the adjusted project complexity (PCA) a value of .65. She has determined that her project is _____. a. bi-lateral b. complex

Description : Michelle has decided to use a shortcut to determine the complexity of the project she  is currently managing. She has assigned the adjusted project complexity (PCA) a value  of .65. She has determined that ... _____.  a. bi-lateral  b. complex c. microconvergent  d. normal  e. very simple

Last Answer : e. very simple

. A normal system with 400 unadjusted function points would have _____ adjusted function points when the shortcut method is use to determine a. 200 b. 260 c. 400 d. 540 e. 600the complexity of the project.

Description : . A normal system with 400 unadjusted function points would have _____ adjusted  function points when the shortcut method is use to determine the complexity of the  project.

Last Answer : c. 400

Which of the following statements is incorrect regarding a normal project? A. If the NPV of a project is greater than 0, then its PI will exceed 1. B. If the IRR of a project is 8%, its NPV, using a discount rate, k, greater than 8%, will be less than 0.C. If the PI of a project equals 0, then the project's initial cash outflow equals the PV of its cash flows. D. If the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Description : Which of the following statements is incorrect regarding a normal project? A. If the NPV of a project is greater than 0, then its PI will exceed 1. B. If the IRR of a project is 8%, its NPV, using ... the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Last Answer : D. If the IRR of a project is greater than the discount rate, k, then its PI will be greater than 1.

Which of the following cost curve is never `U' shaped ? (1) Marginal cost curve (2) Average variable cost curve (3) Average fixed cost curve (4) Average cost curve

Description : Which of the following cost curve is never `U' shaped ? (1) Marginal cost curve (2) Average variable cost curve (3) Average fixed cost curve (4) Average cost curve

Last Answer : (3) Average fixed cost curve Explanation: Average fixed cost curve is never 'U' shaped. Since total fixed costs are unchanged as output rises, the average fixed cost curve falls continuously as output is increased.

Which of the following is an inverted `U' shaped curve? (1) Average cost (2) Marginal cost (3) Total cost (4) Fixed cost

Description : Which of the following is an inverted `U' shaped curve? (1) Average cost (2) Marginal cost (3) Total cost (4) Fixed cost

Last Answer : (1) Average cost Explanation: In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. Both the Short-run average total cost curve (SRAC) and Long ... typically expressed as U-shaped. However, the shapes of the curves are not due to the same factors.

Average Fixed Cost Curve is - (1) Upward sloping (2) `U' shaped (3) 'V' shaped (4) Downward sloping

Description : Average Fixed Cost Curve is - (1) Upward sloping (2) `U' shaped (3) 'V' shaped (4) Downward sloping

Last Answer : (4) Downward sloping Explanation: The Average Fixed Cost Curve graphically represents the relation between average fixed cost incurred by a firm in the short-run product of a good or service and the quantity produced. It is relatively high at small quantities of output.

Demand curve of a firm under perfect competition is : (1) horizontal to ox-axis (2) negatively sloped (3) positively sloped (4) U - shaped

Description : Demand curve of a firm under perfect competition is : (1) horizontal to ox-axis (2) negatively sloped (3) positively sloped (4) U - shaped

Last Answer : (1) horizontal to ox-axis Explanation: Under Perfect Competition, the firm faces a horizontal demand curve. It can sell any quantity desired at the market price, but cannot sell anything above the market price.