BMGT485 Final MC
A CPI or SPI value less than one indicates that the project is Over cost or behind schedule Under cost or behind schedule Over cost or ahead of schedule Under cost or ahead of schedule On cost or on schedule
A
A tool used to monitor past project schedule performance, current performance, and to estimate future schedule trends is a simple line chart known as a Project control chart Gantt chart PERT chart Network diagram Milestone chart
A
All of the following are benefits of scheduling resources before project implementation EXCEPT It ensures low network sensitivity It allows time for considering reasonable options if resource constraints do exist The project completion date can be established Work packages can be time-phased It allows managers to share resources with other project managers if it is requested without negatively impacting their project
A
Before crashing, direct costs for an activity represent normal costs, which typically mean low cost, efficient methods for completing the activity in a(n) ________ amount of time. Normal Targeted Budgeted Expected Optimized
A
During which stage of team development is high performance not a top priority and attention is devoted to wrapping up the project? Adjourning Norming Storming Performing Forming
A
Experience and research indicate that high-performance project teams are much more likely to develop under all the following conditions EXCEPT Team members are selected by their managers Members are assigned to the project full time Members report solely to the project manager There are 10 or fewer members per team The project involves a compelling objective
A
In a resource-constrained project the second priority in assigning resources is usually given to activities with the Smallest duration Least slack Most slack Lowest identification number Highest cost
A
In reviewing the status of her project with top management, Shirley was told that there are only two programmers that she can use for her project. Her project is classified as __________ constrained. Resource Time Quality Cost Performance
A
In terms of commonly traded organizational currencies, being involved in a task that has a large significance or having a chance to do something important and do it well are examples of ______ related currencies. Inspiration Task Position Relationship Personal
A
It is going to cost $80,000 a day to simply house and feed a construction crew in the farthest reaches of Northern Alaska. This is an example of reducing project duration due to High overhead Time to market Incentive contracts Unforeseen project delays Imposed project deadlines
A
Managing a project and leading a project are two different things. Project leadership is about coping with Change Formulating plans and objectives Monitoring results against plans Taking corrective action when necessary Designing structures and procedures
A
Most of the scheduling methods available today require the project manager to classify the project as either _______ constrained or ______ constrained. Time, resource Time, quality Quality, resource Cost, time Quality, cost
A
Project success or failure often is reliant upon the contributions of all of the following groups of stakeholders EXCEPT Competitors Customers Suppliers Contractors Top management
A
Research consistently points out that project success is strongly affected by the degree to which a project has the support of top management. The following are ways a project manager can manage upward relationships EXCEPT Never ignore the chains of command Prove loyalty Pick the optimum time to appeal to top management Consistently follow through on requests Accept profound differences in perspective and become skilled at the art of persuading superiors
A
Resource leveling or smoothing can have all the following results on a project EXCEPT A longer project duration Lower peak resource demand Reduced resource need over the life of the project Reduced fluctuations in resource demand A more sensitive network
A
Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak demand on resources is known as resource Smoothing Shifting Effectiveness Manipulating Allocation
A
Risks are evaluated in terms of Likelihood and impact Cost and schedule Impact and time Impact and cost Likelihood and cost
A
Sally receives the following information on her project PV=100, AC=75, EV=100. How well is the project doing in terms of budget? 25 under budget Right on budget 25 over budget 50 over budget 50 under budget
A
Sam, the project engineer, has been scheduled to run the product system test at the same time he is to build a marketing prototype. This is an example of what type of resource constraint? People Physical Technical Equipment Time
A
Sam, the project engineer, has been scheduled to run the product system test at the same time he is to build a marketing prototype. This is an example of what type of resource constraint? People Physical Technical Equipment Time
A
Splitting an activity can result in all of the following EXCEPT Less people needed to work on an activity Possible startup and shutdown costs A resource may being moved from one activity to another and then back again Activity work being placed on hold for a period of time until more resources are available A better project schedule
A
The cost impact of a risk event occurring as a project proceeds through its life cycle tends to Slowly rise Remain about the same Slowly drop Rise sharply and then level out Drop sharply and then level out
A
The earned value system starts with the time-phased costs that provide the project baseline, which is called the Planned budgeted value of work scheduled Planned budgeted value of work completed Earned value of work scheduled Scheduled value of work scheduled Scheduled value of work completed
A
The first project meeting is critical to the early functioning of the project team. Which of the following is NOT true regarding this meeting? The meeting will need to be as long as necessary to cover the main objectives of a first meeting An overview of the project's scope and objectives should be addressed Interpersonal interaction concerns should be addressed The project manager must model how the team will work together The meeting should be productive, well-organized and realistic
A
The following are distinguishing characteristics of retrospectives methodology EXCEPT Reviews cannot be linked to percent complete Uses an independent facilitator Establishes in-process learning gates during the project life cycle An owner, typically a team member, is assigned A repository is developed that is easy to use
A
The project manager must quickly establish operational ground rules for how the team will work together. These include planning, tracking, managing change, and relationship decisions. Which of the following is an example of a planning decision? What are the specific roles and responsibilities of all the participants? What departments will the team need to interact with during the project? Who will generate and distribute reports? How will changes be documented and evaluated? How will progress be assessed?
A
The risk management tool that is divided into three color-coded zones representing major, moderate, and minor risks is the risk Severity matrix Responsibility matrix Assessment form Scenario assessment Impact assessment
A
The second step in the project control process for measuring and evaluating project performance is to Measure progress and performance Review the baseline plan with top management Analyze inputs to control system Compare plan against actual Review spending with team members
A
These are all guidelines a project manager should consider when assigning project work EXCEPT Always assign the best people to the most difficult tasks Select people with compatible work habits and personalities When possible, team veterans up with new hires Select individuals with skillsets that complement each other Have people work together early so that they can become familiar with each
A
To provide greater clarity to business ethics, many companies and professional groups Publish a code of conduct Encourage managers to rely on their own personal sense of right and wrong Post consequences to unethical behavior Conduct annual training seminars on business ethics Establish a reward system for those who display ethical behavior
A
When a project starts with a high priority but it is cancelled because its rank erodes or crashes during its project life cycle, this is an example of what type of project closure? Changed Priority Normal Premature Perpetual Failed Project
A
When developing a new software package, logically, the software must be designed before the code is written, and the code must be written before it is tested. These activities are dependent on each other by _________ constraints. Technical Physical Resource Schedule Time
A
Which of the following groups of stakeholders place constraints on project work such as requiring permits to be secured, that work is built to code, or that safety standards are met? Government agencies Project sponsors Project managers Customers Top management
A
Which of the following is NOT a potential consequence of failing to identify limited resources before project implementation? Scope creep Activity delays Project delays Difficulty in taking quick corrective action Increase costs
A
Which of the following is NOT a role of the closure facilitator? Get delivery acceptance from the customer Create an environment in which stakeholders feel safe to provide input Lead the team in exploring new ways for solving problems Uses several questionnaires as a starting point to conduct the post-project retrospective Elicit a 360 degree view and input from all stakeholders to create a more complete picture of project issues
A
Which of the following is NOT considered a project indirect cost? Equipment Consultant The project manager's salary Supervision Interest
A
Which of the following is commonly associated with high-performing project teams? Mistakes are viewed as opportunities for learning Risk taking is controlled and not allowed to jeopardize the overall project Roles and specific responsibilities are well-defined A degree of competition among team members is encouraged Team members are selected with similar talents to enhance cohesion
A
Which of the following is not a wrap-up closure activity that might be found on a checklist? Evaluation of team performance Getting delivery acceptance from the customer Reassigning project team members Closing accounts and seeing all bills are paid Creating a final report
A
Which of the following would NOT be appropriate to assess when evaluating team performance? Individual strengths and weaknesses How well the team performed in terms of time, cost, and specifications Effectiveness of group decisions Customer satisfaction with project deliverables Trust among group members
A
Which of the following would be an appropriate situation to require facilitating group decision making? When strong group commitment is needed to decide methods to reduce project scope A mechanical engineer is stuck trying to meet performance criteria for a prototype Expectations are unclear regarding a specific task Materials needed to finish a custom kitchen have not been determined Dysfunctional conflict between two project team members needs to be resolved
A
Which part of the final report examines in detail the underlying causes of problems, issues, and successes relative to the project and includes concise, factual review statements of the project? Review and analysis Executive summary Recommendations Lessons learned Appendix
A
Why is it necessary to have a time-phased budget baseline? It is needed in order to know how much work was accomplished for the money spent It is needed for proper resource allocation It is needed to reduce schedule slippage when scheduling multi-project resources It is not necessary to have a time-phased budget baseline It is needed to reduce fluctuations in cash flow during the project
A
Without any formal planning, the president of a software company remarks in a speech that new technologically advanced software will be available in one year. This may lead to a project that must be done faster than anticipated. This is an example of reducing project duration caused by Imposed project deadlines High overhead Incentive contracts Time to market Unforeseen project delays
A
_______________ focuses on how to respond to events that have a positive impact on a project. Opportunity management Contingency management Prospect management Value management
A
Adopting proven technology instead of experimental technology in order to eliminate technical failure would be an example of which risk response? Transferring Avoiding Ignoring Retaining Mitigating
B
Change management systems are designed to accomplish all of the following EXCEPT Identify expected effects of proposed changes on schedule and budget All of these are examples of what change management systems are designed to accomplish Reflect scope changes in baseline and performance measures Review, evaluate, and approve/disapprove proposed changes formally Track all changes that are to be implemented
B
Funds that are for identified risks that have a low probability of occurring and that decrease as the project progresses are called ______ reserves. Management Budget Contingency Padded Just in case
B
Reducing project duration Is always more expensive Tends to increase network sensitivity Involves crashing all activities to their crash point Can only be done when resources are not constrained Should be considered for all projects
B
Which of the following is NOT involved in risk control? Establishing a change control system Establishing contingency funds Initiating contingency plans Executing the risk response strategy Watching for new risks
B
Which of the following is NOT one of the steps in the risk management process? Risk assessment Risk tracking Risk response control Risk identification
B
A Fixed price contract is an example of ___________. Avoiding risk Ignoring risk Transferring risk Accepting risk Mitigating risk
C
As a project is crashed and project duration is reduced, direct costs typically Decrease Become unstable Increase Become unreliable Stay the same
C
In a Project Cost-Duration Graph, total project costs are a sum of Labor, material and equipment costs Direct costs and the project manager's salary Direct and indirect costs Direct labor costs and the project manager's salary Direct costs plus interest
C
One way of reducing project costs is identifying tasks that _________ can do themselves. Suppliers Company employees Customers Vendors Project teams
C
Organizations use __________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk. Contingency breakdown structures Scenario analysis Risk breakdown structures Organizational breakdown structure Risk assessment
C
The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled by which of the following? Avoiding Ignoring Retaining Mitigating Transferring
C
Which of the following groups should NOT be a part of the risk identification process? Project team Customer All of these groups can be included in the risk identification process Subcontractors Vendors
C
Which of the following projects would be least beneficial if additional resources were added? Harvesting a crop by hand Moving to a new house Developing new software Building a cabin Splitting and stacking a cord of wood
C
An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a Disaster Bad luck Random chance Risk Hazard
D
In selecting the best activity to crash you would first select the activity with the Most steep slope Earliest start time Longest duration Least steep slope Largest crash time
D
In selecting the best activity to crash you would first select the activity with the Largest crash time Most steep slope Longest duration Least steep slope Earliest start time
D
The direct cost for completing an activity in the shortest time it can realistically be completed in is called its __________ cost. Reserve Accelerated Normal Crash Expedited
D
A list of questions that address traditional areas of uncertainty on a project is termed a Checklist Questionnaire Query Research matrix Risk profile
E
Cost slope can be determined by dividing the Indirect cost by direct cost Run by the rise Crash cost by the normal cost Normal cost by the crash cost Rise by the run
E
Intense global competition and rapid technological advances create pressure on developing projects rapidly. This is an example of reducing project duration caused by Imposed project deadlines High overhead Incentive contracts Unforeseen project delays Time to market
E
The relationship between the normal point and the crash point is assumed to be Variable Exponentially related Curvilinear Conversely related Linear
E