ISDS 351 - Test Review
Critical chain scheduling protects tasks on the critical chain from being delayed by using ____, which consist of additional time added before tasks on the critical chain that are preceded by non-critical-path tasks
Feeding buffers
Collecting requirements
Involves defining and documenting the features and functions of the products produced during the project as well as the processes used for creating them
Defining scope
Involves reviewing the project charter, requirements documents, and organizational process assets to create a scope statement, adding more information as requirements are developed and change requests are approved
T/F Definitive estimates are made one year or less prior to project completion
True
Bottom-up
Approach for constructing a WBS refining the work into greater and greater levels of detail
Top-down
Approach for constructing a WBS starts with the largest items of the project and breaks them into subordinate items
In project time management, the process _____ primarily involves checking and managing changes to the project schedule
Controlling the schedule
Budgetary estimate
Cost estimation tool which is used to allocate money into an organization's budget
What is an output of the process of controlling costs?
Cost forecasts
Requirements management plan
Documents how project needs will be analyzed, documented, and managed
Example of indirect cost
Electricity used to run its factories
Dependency that involves relationships between project and non-project activities
External
T/F A work package represents one component of the product that the project aims to deliver
False
T/F After defining project activities, the next step in project time management is developing the schedule
False
T/F If the cost performance index (CPI) is less than 100 percent, the project is under budget
False
T/F In a network diagram, it is mandatory for every time on the WBS to be shown instead of only those activities with dependencies
False
T/F One of PERT's main disadvantages is that it does not address the risk associated with duration estimates
False
T/F Start-to-finish relationships are the most frequently used dependencies between activities
False
T/F The scope baseline in a WBS consists of the requirements documentation and enterprise environmental factors
False
T/F tasks in a WBS must be developed as a sequential list of steps
False
AOA network diagrams use only _____ dependencies
Finish-to-start
Which of the following is an output of schedule control? Lessons-learned reports Milestones list Resource Requirements Activity attributes
Lessons-learned reports
Cash flow analysis
Method for determining the estimated annual costs and benefits for a project
First process involved in project time management is
Planning schedule management
Variance
Refers to the difference between planned and actual performance
Start-to-start
Relationship in which the "from" activity cannot start until the "to" activity is started
Scope statement
Should list and describe all of the deliverables required for the project
In the bottom up approach
Team members first identify as many specific tasks related to the project as possible and then aggregate the specific tasks and organize them into summary activities, or higher levels in the WBS
What is true of tangible costs?
They can be easily measured
T/F A dependency pertains to the sequencing of project activities or tasks
True
T/F IT project managers must be able to present and discuss project information both in financial and technical terms
True
T/F Information from the project charter provides a basis for further defining the project scope
True
T/F It is important for project managers to understand that every cost estimate is unique
True
T/F Knowing the amount of float allows project managers to know whether a project schedule is flexible
True
T/F Project scope management includes the processes involved in defining and controlling what is or is not included in a project
True
T/F Spreadsheets are a common tools for cost estimating, cost budgeting, and cost control
True
T/F Supporting details for an estimate include the ground rules and assumptions used in creating the estimate
True
Analogous estimates
Use the actual costs of a previous, similar project as the basis for estimating the costs of the current project
Parametric Estimating
Uses project characteristics in a mathematical model to estimate project costs
Analogy approach
approach for constructing a WBS, you use a similar project's WBS as a starting point
Gantt Charts
provide(s) a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a calendar format
Work package
task at the lowest level of the WBS
Schedule variance is
the earned value minus the planned value
Definitive Estimate
used for making purchasing decisions for which accurate estimates are required and for estimating final project costs