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Terms in this set (32)A project is a lasting endeavor undertaken to maintain a reliable product or service. False - A project is a temporary endeavor Which of the following examples is NOT a typical or appropriate situation to employ project management? a. developing a
new product B - Conducting a routine, standard customer service operation Projects often require tradeoffs among all of the following EXCEPT: a. scope C - Programs Which of the following statements correctly describes project management? Project management applies knowledge, skills, tools and techniques to project activities. A portfolio is a collection of projects, programs, subportfolios, and operations managed as a group to achieve strategic business objectives. True
Portfolios deal with all of an organization's projects, while programs deal with: a specific group of related projects Which of the following documents serves as an informal contract between the project team and the project sponsor? project charter The project charter serves all of the following purposes EXCEPT: a. quickly screens out obviously poor projects C - Describes skill sets needed for the project A deliverable is any unique and verifiable product, result or capability to perform a service that is required to be produced to complete a process, phase, or project. True All of the following elements should be included in a project scope statement EXCEPT: a. project boundaries or exclusions B - Names of the project team members Which of the following items best describes a project Work Breakdown Structure (WBS)? a. a tool that the team uses to progressively divide deliverables into smaller pieces A - a tool that the team uses to progressively divide deliverables into smaller pieces The Work Breakdown Structure (WBS) is a framework that will be used as a basis for further planning activities including all the following EXCEPT: a. identifying key stakeholders A - identifying key stakeholders Creating a realistic schedule is often an iterative process because several factors can limit how fast a project can be completed. All of the following factors can limit how fast a project can be scheduled and completed EXCEPT: a. imposed dates D - Quality metrics Faced with significant schedule challenges, the project manager has several responsibilities. All of the following are among the project manager's responsibilities EXCEPT: a. determine a schedule that is possible to achieve D - Willingly accept end dates dictated by customers or sponsors Milestones are important points in a project schedule that can serve as check points for project managers and sponsors. All of the following reasons might justify the decision to establish a milestone EXCEPT: a. the time right before a large amount of money needs to be committed C - Scheduling team status meetings An activity that logically comes before a dependent activity in a schedule is called a ___: a. successor activity D - Predecessor Activity Which of the following responses identifies a common type of logical dependency used to sequence project activities? a. last-in; last-out C - Finish-to-start The total number of work periods (not including holidays or other non-work periods) required to complete a schedule activity is known as: a. elapsed time C - Duration Which of the following statements correctly describes the critical path? a. It consists only of activities with lag times. D. It consists only of activities with zero float (slack). The amount of time a schedule activity can be delayed without delaying the early start date of any successor is known as: Free Float When estimating resource needs, project teams should consider all the following EXCEPT: a. the time required to communicate between activities. B - Scoring Models Project managers often confront the challenge of reducing excessive time commitments and overloads among project resources. All of the following methods represent a potentially viable strategy to reduce work overloads EXCEPT: a. Reassign certain activities to other workers B - Require all project resources to work overtime Project managers must often face the challenge of compressing the project schedule. All of the following actions can be taken to reduce the duration of the critical path EXCEPT: a. Reduce the project scope and /or quality. C - Use the float in critical path activities Costs that repeat as project work continues such as writing code are appropriately classified as: Recurring Costs What type of cost is incurred when a project must be conducted faster than normal, and overtime for workers and / or extra charges for rapid delivery from suppliers are necessary? expedited costs Which of the following terms best describes a provision in the project management plan to mitigate cost and / or schedule risk? reserve Which estimating technique uses historical data from a similar project as a starting point for creating a time or cost estimate? analogous estimating Which estimating technique uses an algorithm to calculate cost or duration based on historical data and other project parameters? parametric estimating Which estimating technique decomposes the work into detailed pieces for which estimates are prepared and then aggregated into a total quantity for the project? Bottom-up estimating Even when a project team does not identify individual activities, it will still need to determine how many resources are needed to complete the project. True When identifying people to work on the project, it is helpful to consider their professional disciplines, skill levels and their physical location. True Cost estimating is linked very closely with scope, schedule and resource planning. 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Which effective team goal is it when team members develop plans an procedures, understand tasks and each members responsibilities, identify business needs, processes and resources? 2 answers QUESTION what is the most common type of cardiac disease? 15 answers QUESTION Why are some compensation plans referred to as variable pay? 6 answers QUESTION 16. DeMarco and Lister's study on organizations and productivity found direct correlations between productivity and programming language, years of experience, and salary. --Ch. 8 3 answers Which of the following best describes project management?Application of processes and methods throughout the project life cycle.
How would you describe the project management process?According to the PMBOK Guide (Project Management Body of Knowledge) by the Project Management Institute (PMI), a project management life cycle consists of 5 distinct phases including initiation, planning, execution, monitoring, and closure that combine to turn a project idea into a working product.
What is project management quizlet?Project Management. The application of tools and techniques, process, knowledge and skills to project activities to meet project requirements. The Major Goal of a Project.
Which of the following is the best definition of a project?A project is defined as a sequence of tasks that must be completed to attain a certain outcome. According to the Project Management Institute (PMI), the term Project refers to ” to any temporary endeavor with a definite beginning and end”.
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Which of the following statements correctly describes project management group of answer choices?
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