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 : 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 : The most significant challenge to project managers is _____. a. lack of project management training b. no one really understands how to manage a complex systems development project ... tools that can assist in controlling project progress d. unrealistic schedule demands by project sponsors
Last Answer : d. unrealistic schedule demands by project sponsors
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 : Resorce requirement in project becomes constant while the project is in its _____ progress stage. (A) 40 to 55% (B) 55 to 70% (C) 70 to 80% (D) 80 to 95%
Last Answer : (D) 80 to 95%
Description : Resorce requirement in project becomes constant while the project is in its progress stage. (A) 40 to 55% (B) 55 to 70% (C) 70 to 80% (D) 80 to 95%
Description : You are the project manager for a cable service provider. Your project team is researching a new service offering. They have been working together for quite some time and are in the performing ... will start all over again at the storming stage but quickly progress to the performing stage.
Last Answer : C. The team will start all over again with the forming stage.
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 are the signs that a project is in trouble? a. The product scope is poorly defined. b. Deadlines are unrealistic. c. Changes are managed poorly. d. All of the above.
Last Answer : d. All of the above.
Description : Your company has asked you to be the project manager for the product introduction of its new DeskTop Rock media system. You recently published the project scope statement. Which ... . Constraints B. Project specifications C. Requested changes D. Project configuration management requirements
Last Answer : C. Requested changes
Description : Which of the following is true regarding the project scope statement? A. The project scope statement includes a change control system that describes how to make changes to the ... reliability of the project scope and describes the process for verifying and accepting completed deliverables.
Last Answer : B. The project scope further elaborates the Initiating processes and serves as a basis for future project decisions.
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 : 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 : According to the PMBOK guide, which of the following statements is right in terms of using reserve analysis to determine a project budget? Select one: A. Reserve analysis always plans ... not practical. E. Contingency reserves have never been a concern when planning a project budget.
Last Answer : A. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget.
Description : Which risk is connected to the circumstance outside the project that may influence the scope of work and the performance of the organization? A.Operational Risk B.Financial Risk C.Strategic Risk D.Contextual Risk
Last Answer : D.Contextual Risk
Description : )The fixed price contract is advantageous to the buyer because it: 1. requires extremely well defined specifications 2. requires formal procedures for scope changes 3. contractor assumes financial and technical risk 4. has a known cost
Last Answer : 3. contractor assumes financial and technical risk
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.
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.
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 : 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 : The most common reason for schedule and cost overruns that surface after the project is underway is scope creep.
Last Answer : Ans: True
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 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 : 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 : Changes to the project involve moving from: A. Project control stage to project definition stage B. Project control stage to project planning stage C. Project control stage to understanding the project environment stage D. None of the above
Last Answer : A. Project control stage to project definition stage
Description : When a project manager starts to plan a new project budget, the cost of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning
Last Answer : d. Closing
Description : Project management is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality. Ans: True
Description : _____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality. a. Project management b. Symantic timeline c. Task identification d. Time estimation e. Work plan
Last Answer : a. Project management
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 : . 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 : Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements
Last Answer : A. Conduct Procurements
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.
Description : Jack is in charge of a project team. Due to an unexpected project change, some issues with the project have come up. Two key team members, Samantha and Felix, are arguing their ... concerns through conflict resolution. e. Delay this issue for now until it becomes a significant conflict.
Last Answer : a. Confront the problem early, and invite both Samantha and Felix to private meetings.
Description : You are working in CareerRide as a project manager. What will you do to minimize the risk of failure? a. Request a large budget b. You will increase the team size c. Track progress d. None of the above
Last Answer : c. Track progress
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
Description : )The critical element in a project's communication system is the: 1. Progress report * 2. Project directive 3. Project manager 4. Customer
Last Answer : 3. Project manager
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