MGMT 372 Chapters 9-14

Consider the project crashing information presented in Figure 8-4. What is the cost to complete this project in the normal time?

145

Consider the software programmer loading chart presented in Figure 8-2. What percent of available time is the software programmer assigned to work activities on Thursday?

200 percent

Consider the time-phased budget presented in Figure 9-1. What is the cumulative project budget through the end of April?

46,000

Consider the programmers resource histogram presented in Figure 8-3. How many programmers are required during the fifth week of this project?

7 programers

Consider the project crashing information presented in Figure 8-4. What is the normal (un-crashed) duration of this project?

9 days

Consider the programmers resource histogram presented in Figure 8-3. Which activity is an ideal candidate to delay in order to achieve a feasible schedule?

Activity C - Draft User Manual

Which of the following serves as a pre-condition that must be met in order for a project kick-off meeting to be successful?

An atmosphere of trust and relationship building should be set by all.

All of the following factors must be in place in order to develop an analogous estimate effectively EXCEPT:

An organization must know details behind the time value of money.

The components (principles) of Critical Chain Project Management include which of the following?

Avoid multitasking

One useful method of process improvement involves consideration of how another organization performs a process, identifying and analyzing best practices for improvement ideas. This method is known as:

Benchmarking

All of the following describe the appropriate application of Perform Quantitative Risk Analysis in project management EXCEPT:

Brainstorming techniques are used by the team and other stakeholders to identify as many project risks as possible.

This Agile project reporting tool is useful to Scrum Masters as it projects how close to plan the team is within a given time box, by providing a graphical representation of work effort remaining in an iteration versus the days left in an iteratio

Burndown Chart

Project partnerships offer all of the following advantages to vendors EXCEPT:

Buyer gains at the vendor's expense

Consider the excerpt of the Internet Project risk register presented in Figure 10-1. Which of the following risk events should receive the highest priority for the development of risk responses?

C - IS resources are spread too thin

Normal or random variations that are considered part of operating the system at its current capability are ______:

Common cause variations

Which of the following is one of the PMBOK Guide's three project procurement management processes?

Conduct procurements

The _________is the approved budget, usually in a time distribution format, that is used to estimate, monitor, and control the overall cost performance of the project.

Cost baseline

Under normal conditions, which of these contract types poses the greatest risk to the buyer?

Cost-Plus-Fixed-Fee (CPFF)

The decision process for developing relevant quality standards on a project includes all of the following activities EXCEPT:

Design work systems

All of the following statements accurately describe supply chain management EXCEPT:

It is a closed-loop system solely within the project organization's boundaries.

All of the following accurately describe earned value management EXCEPT:

It is good for performance reporting but not for forecasting

All of the following statements accurately describe special cause variation EXCEPT:

It is inherent in the system and is predictable.

After completing detailed planning for a project, it is often helpful for the project manager and team to apply a sanity test to the project plan. Which of the following accurately describes the application of a sanity test?

It should include questions to ensure budgets, schedules and resource plans are reasonable and achievable.

All of the following items describe an aspect of life cycle costing EXCEPT:

Life cycle cost only includes the project cost from initiating through closing

This is the process of reviewing all change proposals, estimating their impact on project goals wherever appropriate, approving or declining changes, and managing changes to deliverables, schedules, budgets and the project management plan:

Perform integrated change control

Which of the following documents describes how the project team will implement the performing organization's quality policy?

Quality management plan

All of the following describe an appropriate application of Plan Risk Responses in project management EXCEPT:

Responses should be created for every identified project risk, regardless of the risk score

A ________ presents a hierarchical organization of risks based on categories such as operational, strategic, finance, external, and project management

Risk breakdown structure

Which of the following measures is best suited for determining whether the project is on, ahead or behind schedule?

Schedule Variance (SV)

Which of the following quantitative risk analysis techniques is used to determine which risks have the most powerful impact on the project, with results displayed in the form of a tornado diagram?

Sensitivity Analysis

DMAIC is a disciplined process that includes five phases: Define, Measure, Analyze, Improve and Control. DMAIC is most typically associated with which of the following quality improvement approaches?

Six Sigma

Which of these is NOT an issue to be considered when selecting team members?

Stages of team development

Often a project team will start the selection process by establishing a list of potential suppliers. All of the following information sources are frequently used to identify these potential suppliers EXCEPT:

Stakeholder Register

All of the following items are among the key areas covered by the Malcolm Baldrige National Quality Award EXCEPT:

Team learning

Which of the following describes the activities appropriately performed by the project team during Perform Qualitative Risk Analysis?

Team members assess the probability of occurrence and severity of impact for identified risks.

Consider the software programmer loading chart presented in Figure 8-2. Which of the following statements most accurately describes the loading of the software programmer?

The programmer is overloaded on both Wednesday and Thursday

Consider the project performance report presented in figure 14.1. What valid conclusion can you draw regarding the project schedule performance as of October 31, 20XX?

The project is $26,000 behind schedule.

All of the following accurately describe the features and characteristics of a contract EXCEPT:

The project organization is always a buyer in a contract arrangement

Which of the following describes how the team uses a cause-and-effect diagram to support project risk analysis?

The team lists the risk as the "effect" in a box at the head of a fish, then names the big bones.

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:

Use the float in critical path activities

There are many causes of variation in project costs. Which of the following accurately describes the nature of this variation?

Variation occurs in all work processes and the novelty associated with most projects creates many opportunities for variation.

With respect to performance reporting, which of these are the actual and raw observations and measurements gathered during execution of project activities?

Work performance data

Some organizations rely upon a formal group authorized and responsible for reviewing, evaluating, approving, delaying, or rejecting any changes to any aspect of the project plan by following a formal communication method of documenting the decision process. This group is typically known as a:

change control board

Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?

construct a prototype to learn more about a candidate solution

Which of the following types of contracts involves payment to the seller for the seller's actual approved costs of completed work, plus a fee typically representing the seller's profit?

cost-reimbursable contract

The procurement management plan:

describes how a project team will acquire goods and services from outside the performing organization.

Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one specific project. Which of the following items are most typically considered to be indirect costs?

executive salaries, utilities and insurance

During schedule and cost control, when comparing performance to the schedule and cost baselines, if schedule or budget has changed these changes should be:

formally recommended and managed through the integrated change control system

The documentation of a project cost estimate generally requires substantial supporting detail to include all of these EXCEPT:

management reserve needs

Which estimating technique uses a statistical relationship between historical data and other variables (e.g., square footage in construction, lines of code in software development) to calculate an estimate for scope, cost and duration?

parametric estimating

The ________ documents the portion of work to be purchased, in enough detail so potential suppliers can decide if they feel they are capable of and interested in providing it.

procurement statement of work

Costs that repeat as project work continues such as the cost of writing code or laying bricks are appropriately classified as:

recurring costs

Which of the following terms best describes extra money in the project budget to be used if necessary - usually if a risk event occurs?

reserve

All of the following are among the classic risk response strategies EXCEPT:

share a threat

The four contemporary core project quality concepts that evolved from the quality gurus and frameworks include which of the following?

stakeholder satisfaction

Which party to a contract absorbs the majority of cost risk when a Firm-Fixed-Price (FFP) contract is used?

the seller

The Budget at Completion (BAC) is the sum of all budgets established for the work to be performed on a project. As such it is equivalent to:

the total planned value of the project.

All of the following criteria can be used to categorize project risks EXCEPT:

whether the risk is a known known

Joseph Juran provided guidance regarding how to conduct quality planning, quality control, and quality improvement. Which of the following items is NOT part of Juran's Quality Trilogy?

work to identify root causes, not just symptoms