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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
c. improving an existing work process
d. installing a new computer system
B - Conducting a routine, standard customer service operation
Projects often require tradeoffs among all of the following EXCEPT:
a. scope
b. cost
c. programs
d. schedule
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
b. develops a common understanding between the sponsor and the project team
c. describes skill sets needed for the project
d. authorizes the project manager to proceed
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
c. assumptions and constraints that may limit or influence project work
d. key deliverables with acceptance criteria
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
b. a list of activities to complete the project work packages
c. a schedule depicting when project work will be performed
d. an organizational chart depicting who will perform project work
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
b. developing the project schedule
c. developing the project cost estimate
d. identifying project risks
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
b. resource availability
c. logical order
d. quality metrics
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
b. persuade all stakeholders that the schedule makes sense
c. deliver the project according to the agreed-upon schedule
d. willingly accept end dates dictated by customers or sponsors
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
b. a merging point where multiple activities must be completed before progress can continue
c. scheduling team status meetings
d. completion of a major deliverable
C - Scheduling team status meetings
An activity that logically comes before a dependent activity in a schedule is called a ___:
a. successor activity
b. mandatory activity
c. leader activity
d. predecessor 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
b. first-in; first-out
c. finish-to-start
d. last-in; first-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
b. resource day
c. duration
d. effort
C - Duration
Which of the following statements correctly describes the critical path?
a. It consists only of activities with lag times.
b. The sequence of activities that represents the shortest path through the project network.
c. It determines the latest possible end date of the project.
d. It consists only of activities with zero float (slack).
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.
c. support needs such as information systems.
d.
specific knowledge or skills that are required.
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
c. Reorder
activities when logically feasible
d. Split an activity into two activities and delay the second part
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.
b. Partially overlap
sequential activities by using time leads.
c. Use the float in critical path activities.
d. Overlap sequential activities using finish-to-finish, start-to-start, or start-to-finish relationships.
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.
True
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