- “To construct a high-quality, custom home within five months at costs not to exceed $150,000” is best classified as
- A key aspect to communication plans are that they allow the project manager and the project team to
Focus on defect resolution.
Actively control the flow of information.
Meet deadlines more effectively.
Effectively control costs on the project.
- Having a strong communication plan can go a long way toward mitigating project problems. A communication plan should address all of the following EXCEPT
Which methods will be used to gather and store information.
How information should be communicated and to whom.
When the information will be communicated.
What information needs to be collected and are there limits as to who has access to it.
All of these should be addressed in a communication plan.
- There are 5 steps involved when defining a project; which of the following is the last?
Develop the responsibility matrix
Code the WBS for tracking
Assign the cost account to a manager
Assign the work package to a manager
All of these are included in the final step.
- The lowest element in the hierarchical breakdown of the WBS is
A lowest sub-deliverable.
A work package.
A cost account.
- How is project scope defined?
What you expect to deliver to your customer when the project is complete
The range of customer expectations
The length of your project and how much it will cost
The deliverables or outputs during the course of the project
The range of resources you have available and their capabilities
- The project scope statement indicates that the client is responsible for training the people who will be using the equipment and that the project team will train the client’s trainers. This is an example of
Limits and exclusions.
- Scott has just been given a project that has a specific completion date. After a discussion with top management he finds that while the date is important the cost is more important and a slip in delivery would be acceptable if required to meet the cost targets. The completion date is best classified as
- When work packages are integrated with organizational units, a control point is created called a
- The WBS is best suited for projects that have a tangible outcome. Which of the following is used when the final outcome of the project is less tangible or is a product of a series of steps or phases?
A work breakdown structure is still effective for these types of projects.
Process breakdown structure
Organization breakdown structure
- Which of the following top-down methods is used when projects closely follow past projects in regard to features and costs of those features, and result in costs being assigned by percentages to major segments of the project?
- Richard is collecting estimates for a house that he will have the funding to build in 12 months. Which of the following factors does Richard need to consider in regard to the quality of these estimates?
- Laura is forecasting the time and cost of developing an intranet for a new customer. Her department has completed six such intranets for customers during the last two years. Although the proposed system is about the same size as the others, she estimates that it will take about 10 percent less time and money. Which of the following methods is she using?
- Large projects that have long time horizons and a very high complexity can be referred to as
Both Mega Projects and White Elephants.
- The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as
Detailed WBS work package estimates.
Time-phased cost estimates.
Function point method.
- Which of the following is a good condition for top-down estimating?
Large scale project involving several subcontractors
Fixed price contract
Internal, small project
Cost and time important
Customer wants details
- Refining estimates may be necessary for a number of reasons. For example, design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are good examples of
Normal conditions not applying.
Changes in project scope.
Hidden interaction costs.
Things going wrong on a project.
None of these are correct.
- Typical kinds of costs found in a project include all of the following EXCEPT
General and administrative overhead costs.
Project overhead costs.
All of these choices are examples of costs found in a project.
- The pattern of improvement identified from a worker having performed a task multiple time is known as a
Both Reduced Failure Rate and Learning Curve.
Reduced Failure Rate.
- Estimating can be challenged by
Difficulty in predicting the future.
All of these choices.
- The assumption that all immediate preceding activities must be 100% complete is too restrictive in some situations. When an activity is broken down into smaller segments in order to start the succeeding activity sooner, this is called
A forward pass.
- Which of the following correctly calculates the early finish for an activity?
ES + DUR
LF + DUR
LS + DUR
LF + SL
ES + SL
- Which of the following represents an activity on an activity-on-node (AON) project network?
An arrow, a line and a node all represent activities
Both an arrow and a line
- When translated into a project network, a work package will become
A single activity.
One or more activities.
A critical path.
- A ________ activity is one that has more than one activity immediately following it.
None of these choices are correct.
- If, for some reason, the project must be expedited to meet an earlier date, which of the following actions would the project manager take first?
Check to see which activities have the longest duration.
Check to see which activities are on the critical path.
Check to see which activities cost the least.
Check to see which activities have the most slack.
Check to see which activities have the highest risk.
- If a project has more than one activity that can begin when the project is to start, a common start node should be used to indicate a clear project beginning on the network. Without a common start node, each path is a
Multiple start path.
- A ________ activity is one that has more than one activity taking place at the same time.
None of these choices are correct.
- The amount of delay within a task that will not delay the overall project is known as a
Both Total Slack and Opportunity Cost are correct.
- Bill is building a project network that involves testing a prototype. He must design the prototype (activity 1), build the prototype (activity 2), and test the prototype (activity 3). Activity 1 is the predecessor for activity 2 and activity 2 is the predecessor for activity 3. If the prototype fails testing, Bill must redesign the prototype; therefore, activity 3 is a predecessor for activity 1. This is an example of