PM True or False
A negative schedule variance means that it took less than planned to perform the work.
(false
Agile methods consist of 45 subprocesses which are organized into eight process groups.
(false
Budgetary estimates are made even before a project is officially started.
(false
Decisions and actions taken in one knowledge area at a certain time rarely affect other knowledge areas.
(false
In project time management, the next step after sequencing activities is to define these activities.
(false
Initiating processes are not required to end a project.
(false
Key outcomes of the executing process group are formal acceptance of the work and creation of closing documents.
(false
Start-to-finish relationships are the most frequently used dependencies between activities.
(false
The ROI is always positive.
(false
The kick-off meeting is always held before the business case and project charter are completed.
(false
The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project.
(false
framework is incompatible with the PMBOK process.
(false
It is important for project managers to understand that every cost estimate is unique.
(true
Many organizations provide different guidelines and templates for developing WBSs.
(true
Organizational process asset updates are an important output of the closing process of a project.
(true
Parametric models are reliable when the models are flexible in terms of the project's size.
(true
The executing process group generally requires the most resources.
(true
The scope management plan can be informal and broad or formal and detailed, based on the needs of the project.
(true
Q: Opportunities and directives are essentially the same thing. A:
false
Q: The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time. A:
false
The kick-off meeting is always held before the business case and project charter are completed.
false
The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time.
false
The primary output of the planning cost management process is a change request.
false
The tasks in a WBS must be developed as a sequential list of steps.
false
framework is incompatible with the PMBOK process. A:
false
Scope creep if not managed well can lead to the failure of information technology projects.
(true
A Gantt chart is the same as a project management plan.
(false
Q: The Rational Unified Process
RUP
The Rational Unified Process
RUP
A cost management plan can include organizational procedures links, control thresholds, and process descriptions.
(true
A schedule management plan includes information which describes the format and frequency of schedule reports required for the project.
(true
A unit of work should appear at only one place in the WBS.
(true
Details of kick-off meetings and the stakeholder details are usually recorded in a Word document.
(true
Initiating processes take place during each phase of a project.
(true
Q: One of the reasons why project cost estimates are inaccurate is because human beings are biased toward underestimation. A:
true
The WBS provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance.
true
The project scope statement should reference supporting documents, such as product specifications that will affect what products are produced or purchased, or corporate policies, which might affect how products or services are produced.
true
The WBS provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance.
T
The project scope statement should reference supporting documents, such as product specifications that will affect what products are produced or purchased, or corporate policies, which might affect how products or services are produced.
T
One of PERT's main disadvantages is that it does not address the risk associated with duration estimates.
false
Project initiation involves taking the actions necessary to ensure that activities in the project plan are completed.
false
Q: A merge occurs when one node precedes mutiple nodes. A:
false
Q: A work package represents one component of the product that the project aims to deliver. A:
false
Q: Contingency reserves are also known as unknown unknowns. A:
false
Q: Critical chain scheduling assumes that resources multitask and maximizes multitasking. A:
false
Q: If cost variance is a positive number, it means that performing the work costs more than planned. A:
false
Q: In an earned value chart, when the actual cost line is right on or above the earned value line, it indicates that costs are less than planned. A:
false
Q: Initiating and closing tasks are usually the longest and require the most amount of resources and time. A:
false
A dependency pertains to the sequencing of project activities or tasks.
true
An annual discount factor is a multiplier for each year based on the discount rate and year.
true
As projects progress, the organization must reevaluate the need, funding, and will for each project to determine if the project should be continued, redefined, or terminated.
true
Details of kick-off meetings and the stakeholder details are usually recorded in a Word document.
true
IT project managers must be able to present and discuss project information both in financial and technical terms.
true
In the Scrum method, team members work as a self-directed group coached by the ScrumMaster.
true
Network diagrams are the preferred technique for showing activity sequencing.
true
Parametric models are reliable when the models are flexible in terms of the project's size.
true
Q: An annual discount factor is a multiplier for each year based on the discount rate and year. A:
true
Q: In the Scrum method, team members work as a self-directed group coached by the ScrumMaster. A:
true
Q: It is important for the activity list and activity attributes to be in agreement with the work breakdown structure. A:
true
Q: Mind mapping allows people to write and even draw pictures of ideas in a nonlinear format. A:
true
The project scope statement, stakeholder requirements documentation, and organizational process assets are the primary inputs for creating a WBS.
true
The burndown chart is a Scrum created artifact that provides a list of features prioritized by business value.
F
A drawback of the precedence diagramming method is that it cannot be used unless dummy activities are employed.
false
An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection.
false
Critical chain scheduling assumes that resources multitask and maximizes multitasking.
false
If cost variance is a positive number, it means that performing the work costs more than planned.
false
In an earned value chart, when the actual cost line is right on or above the earned value line, it indicates that costs are less than planned.
false
Initiating processes are not required to end a project.
false
