ISQS 4350 Exam 2 Practice 1

The outcome of proj initiation includes ___ A. Charter B. Selecting PM C. Doc of key proj constraints and assumptions D. All of the above

D. All of the above

Human resource mgt includes____ A. Sponsors and customers B. proj team members and support staff C. vendors supporting the proj D. all of the above

D. All of the above.

What is the first process in planning a proj shed.?

Define activities

One of the _____ 14 Points for Mgt states that an org should cease dependence on inspection to achieve quality.

Deming's

Which part of the communications mgt plan outlines who receives what status reports?

Distribution

A key too for controlling project costs during the execution and control stage is ______

EVA

_____ involves est the number of work periods that are needed to complete individual activities.

Estimate activity duration

Which process group normally requires the most resources and time?

Executing

_______ the proj involves taking the actions necessary to ensure the activities in the proj plan are completed.

Executing

____ is a cost that relates to all errors not detected and not corrected before delivery to the cust.

External failure cost

By using PERT weighted average for each activity duration est, the total proj duration est. does not account for the risk or uncertainty in the individual activity est. T/F?

F. Using PERT, the total duration and cost DO account for the risk or uncertainty in the individual activity.

You cannot start editing a technical report until someone else complete the first draft. What type of dependency does this represent?

Finish-to-start

Which of the following does MS Proj support?

Gantt chart

Which of the following is a motivation theory dev by Abraham Maslow?

Hierarchy of needs

A _____ is a doc that formally recognizes the existence of proj and provides direction on the proj objective and mgt.

project charter

The orgs strategic plan ______

provides the basis for info technology proj planning

A PERT proj has two tasks in sequence. The first has (a, m, b) values of 15, 18, and 27 while the second has 18, 22, 38. How long will it take to complete the proj?

43 Mean = (a + 4m + b)/6 *a -- optimistic *m -- most likely *b -- pessimistic

The arrows in a network diagram represent the activity sequencing or relationships between tasks. T/F?

T

The critical path is the series of activities that determine the earliest time by which a proj can be completed. T/F?

T

Managing the relationship with the vendor is usually part of what procurement process?

Administer procurement

Which of the following is false? A. a resource breakdown structure is a hierarchical structure that ident. the proj resources by category and type B. Duration and effort are synonymous terms C. A three-point est. is an est. that includes an optimistic, most likely, and pessimistic est. D. A Gantt chart is a common tool for displaying project schedule info

B. Duration and effort are synonymous terms

What tool can you use to determine whether a process is in control or out of control?

Control chart

Many orgs are turning to outsourcing in order to ______ A. Increase accountability B. Access skills and technology C. Reduce both fixed and recurrent costs D. All of the above

D. All of the above

The _____ organization structure allows for fast response upon problem ident. because it has both a horizontal (proj) and a vertical (functional) path for the flow of information.

Matrix

A WBS, proj sched, and cost est are outputs of _____ process?

Monitoring and controlling

______ involves measureing progress toward project objectives and taking corrective actions.

Monitoring and controlling

A(n) ______ is a doc used to coodinate all proj planning docs and help guide a proj execution and control.

PMP

____ helps you identify the vital few contributors that account for most quality problems in a system.

Pareto charts

_____ addresses how well a product or service performs the customer's inteded use.

Performance

What is a good starting point for identifying internal stakeholders?

Proj Org Chart

At the end of solicitation planning, a key milestone is often the issuance of a(n) _____

RFP

MS Proj highlights the critical path in _______ on a network diagram.

Red

The WBS is an output is what knowledge area?

Scope

______ refer(s) to all the work involved in creating the products of the proj and the processes used to create them.

Scope

_____ is the amount of time a proj activity may be delayed without delaying a succeeding activity or the proj finish date.

Slack

What could serve as a foundation for choosing which proj to initiate?

Strategic planning

A SH mgt strategy is an approach to help increase the support of SH throughout the proj. T/F?

T

A forward pass through a proj network diagram determines the early start and early finish dates for each activity. T/F?

T

Monitoring and controlling processes overlap all of the other proj mgt process groups. T/F?

T

The WBS provides a basis for creating the proj sched and performing EVM for measuring and forecasting proj performance. T/F?

T

What is the main goal of proj cost mgt?

To complete a proj within an approved budget.

A _____ is a deliverable-oriented grouping of the work involved in a proj that define the total scope of the proj.

WBS

The seven run rule states that if seven data points in a row on a control chart are all below the mean, above the mean, or all increasing or decreasing, then the process needs to be examined for _____ problems.

non-random

The communications mgt plan is ____

a doc that guides proj communications

A ____ is any instance where the prod or serv fails to meet cust reqs.

defect

Plan procurement involves ____

determining what to procure and when

Project execution involves taking actions to _________

ensure that activities in the project plan are completed

The main purpose of a project plan and budget is to ________

guide project execution

Developing PMP is a part of proj _____

integration

Risk aversion______

is when someone has a lower tolerance for risk

A big picture view of the cost of a project over its entire existence is ______

life cycle costing

Tolerance for risk _____

may be diff for individuals and orgs

The highest need in Maslow's theory is _____

self-actualization

Money that has been spent in the past is known as a(n)_______

sunk cost

Costs or benefits that are easily measure in dollars are called _____

tangible

Building an individual and group skills is a part of ______

team dev

Parkinson's law implies______

that early finishes are dis-rewarded

The investment in risk mgt associated with a proj should depend on ____

the nature of the proj and the experience of the proj team

During project execution ________

the products of the project are produced

Cost is a resource______

to balance against schedule and scope

An activity has probabilistic completion times of 15, 21, and 24 what is the variance of the completion time?

variance = (b-a)^2/36 *b -- pessimistic *a -- optimistic

The most important output of project execution is

work products