final part 2

which of the following are considered in determining the feasibility of a project? A. estimated cost B. market demand C. cost of money D. all of the above

D. all of the above

which estimate is likely the most accurate? A. designers estimate B. conceptual estimate C. feasibility estimate D. construction estimate

D. construction estimate

in which of the following project approaches is owner oversight most difficult to apply? A. construction project management B. design/bid/build C. design/bid/build lump sum D. design/build

D. design/build

a communication plan is a key component for giving guidelines on how to teach project? A. both costs and defects B. defects C. costs D. issues

D. issues

it is important to identify risk factors earlier for construction projects so the risk can be A. maximized B. refused as part of the contract C. insured D. mitigated or eliminated

D. mitigated or eliminated

which of the following is NOT typical of a project manager? A. managing a temporary activity B. managing a non repetitive activity C. work with a group of outsiders, including vendors and suppliers D. overseeing existing operations E. responsible for time, cost and performance trade-offs

D. overseeing existing operations

jose is looking at a document that outlines the specific deliverables and sub deliverables required to complete the writing of a technical support manual. he is most likely viewing the A. work package B. priority matrix C. responsibility matrix D. work breakdown structure E. organization breakdown structure

D. work breakdown structure

a(n) ___ activity has more than one dependency arrow flowing from it A. burst B. independent C. parallel D. critical path E. merge

A. burst

in which delivery strategy for construction projects does the construction firm employ both design and construction personnel and work with the owner from the outset? A. design-build B. construction matrix C. construction management D. design-bid-build

A. design-build

the type of estimate conducted during the design phase to develop a base estimate for bidding? A. designers estimate B. feasibility estimate C. constructive estimate D. conceptual estimate

A. designers estimate

all of the following are disadvantages of organizing projects within a matrix arrangement EXCEPT A. expensive B. infighting C. longer project duration D. stressful E. dysfunctional conflict between functional managers and project managers

A. expensive

If a project is small and does not require an elaborate system to assign tasks, which of the following is a good choice? A. responsibility matrix B. work breakdown structure C. process breakdown structure D. organization breakdown structure E. priority matrix

A. responsibility matrix

which of the following is NOT a construction industry sector? A. technical sector B. industrial sector C. residential sector D. commercial sector

A. technical sector

change management systems are designed to accomplish all of the following EXCEPT A. reflect scope changes in baseline and performance measures B. all of these examples of what change management systems are designed to accomplish C. track all changes that are to be implemented D. review, evaluate, and approve/disapprove purposed changes formally E. identify, expected effects of proposed changes on schedule and budget

B. all of these examples of what change management systems are designed to accomplish

letting project team members know what is expected of them is part of what project management function? A. motivation function B. communication function C. planning function D. mediation function

B. communication function

the backward pass in project network calculations determines all of the following EXCEPT A. latest time an activity can begin B. earliest time an activity can finish C. latest time and activity can finish D. how long an activity can be delayed E. the critical path

B. earliest time an activity can finish

it is common to use the functional organizational model when A. there is direct influence from outside organizations B. one functional area plays a dominant role in the project C. the project manager has a functional authority over any of the department heads D. a technical organizational will not work

B. one functional area plays a dominant role in the project

___ focuses on how to respond to events that have a positive impact on a project A. contingency management B. opportunity management C. risk management D. value management E. prospect management

B. opportunity management

the likelihood the original critical path(s) will change once the project is initiated is referred to as A. flexibility B. sensitivity C. rigidity D. concurrent engineering E. resilience

B. sensitivity

which of the following cultural characteristics relates to the degree to which work activities are organized around groups rather than individuals? A. unit integration B. team emphasis C. member identify D. managerial focus E. control

B. team emphasis

risks that can result in a system or process that will not work are known as A. cost risks B. technical risks C. schedule risks D. funding risks E. unnecessary risks

B. technical risks

which of the following correctly calculates the late start for an activity? A. LF-SL B. EF-DUR C. ES-SL D. ES-DUR E. LF-DUR

E. LF-DUR

the implications of an identified change need to be assessed by A. the primary project stakeholder B. the Chief Fiscal Officer C. a person with expertise related to the change D. the authorizing project manger

C. a person with expertise related to the change

project management is a style that places a premium on A. building relationships B. including a diverse set of talent C. building relationships and including a diverse set of talent D. maintenance operations

C. building relationships and including a diverse set of talent

while it may be true that Mega Projects are by nature extremely difficult to estimate, another factor identified in the consistent pattern of estimating difficulties is A. both unidentified risks and economic downturn B. unidentified risks C. deception D. economic downturn

C. deception

a type of estimate conducted from preliminary design information with around 15% accuracy? A. conceptual estimate B. designers estimate C. feasibility estimate D. construction estimate

C. feasibility estimate

in which order of the following are the four stages of design in the correct order? A. schematic design, programming, design development, contract documents B. schematic design, design development, contract documents, programming C. programming, schematic design, design development, contract documents D. programming, design development, schematic design, contract documents

C. programming, schematic design, design development, contract documents

when work packages estimates are made by individuals most knowledgeable about the work being performed and these estimates are then "rolled up" to find estimated costs for major deliverables and the project itself ___ estimating is being used

bottom-up

___ reserves are identified for specific work packages and are distributed by the project manager and the team members

budget

a robust ___ can go a long way to reducing project problems over the life of the project

communication plan

the top-down method of estimating when the pooled experience of senior and/or middle managers are used to estimate the total duration and cost is the ___ method

consensus

T/F after averaging out the underestimates and overestimates, a long-duration project is more likely to be on target than a short-term, small project

false

T/F mission statements typically change frequently, responding to change in the external environment

false

T/F multiweighted scoring models include only quantitative criteria, not qualitative m

false

T/F one advantage of the design/build approach is that usually a firm project cost is established before construction begins

false

T/F profit, time, and performance are all basic classifications of project priorities

false

T/F project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation and repeatability

false

T/F responsibility matrixes are use primarily with small and medium-sized projects and have limited use in large projects

false

T/F the consensus method of estimating costs is a bottom-up texhnique

false

T/F the design professional is responsible for the completion and approval of show drawings and connection designs

false

T/F the first stage in the project life cycle is the concept stage

false

T/F the risk identification process should be limited to just the core project team

false

a program is a process designed to accomplish a common goal over time

false

the ___ lag is the most typical type of lag that is encountered in developing networks

finish to start

___ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization

managing

a weighted scoring model typically uses several weighted selection criteria to evaluate project proposals. an example of this would be a(n ___

project screening matrix

the ___ matrix form of a project organization is likely to enhance project integration, diminish internal power struggles, and ultimately improve control of project activities and costs

strong

T/F an activity is an element of the project that always requires time

true

T/F change management systems involved reporting, controlling, and recording changes to the project baseline

true

T/F contingency funding is made up of budget reserves and management reserves

true

T/F fixed price contracts are an example of transferring risk from an owner to a contractor

true

T/F if a proposed project does not meet one of the designated "must" objectives, it is immediately removed from consideration

true

T/F in developing a project network, neither looping not conditional statements are permitted

true

T/F in the case of design/build, the constructor acts as a general contractor with single-firm control of all subcontractors

true

T/F one guidelines to follow when estimating time, cost and resources is to use several people to make the estimate for a task

true

T/F organizational culture refers to a system of shared norms, beliefs, values, and assumptions which bind people together

true

T/F studied have shown that companies using predominantly finically criteria to prioritize projects yield unbalanced portfolios and projects that aren't strategically aligned

true

the ___ matrix form of project organization is likely improve technical quality as well as provide a better system for managing conflict across projects because the functional manager assigned personnel to different projects

weak

the activity time estimates used to build a project network are derived from ___

work packages

which of the following correctly calculates the early finish for an activity A. ES+SL B. ES+DUR C. LS+DUR D. LF+SL E. LF+DUR

B. ES+DUR