Project Management Final

If the 400th unit is 60 hours, and the 800th unit is 45 hours, then the learning curve is _____ percent. A. 90 B. 80 C. 75 D. 60

75

An activity in a network has the following characteristics: ES = 10, EF = 18 and LS = 12. The duration of the activity is: A. 6 B. 8 C. 10 D. Cannot be determined

8

Which of the following activity-on-arrow network diagramming methods does not require three estimates for durations? A. PERT B. GERT C. ADM D. PDM

ADM

Companies that give part of a procurement contract to multiple suppliers do so to: A. Promote and maintain competition B. Reduce reliance on dust one supplier C. Minimize procurement risks D. All of the above

All of the above

Which of the following is a valid source of experience for learning curve? A. Labor efficiency B. Product redesign C. Worker incentives D. All of the above

All of the above

Which of the following is part of the responsibility of a contract administrator? A. Inspections and audits B. Performance reporting (Documenting seller's performance) C. Approval of waivers D. All of the above

All of the above

Bidder conferences are used to: A. Answer questions about the project prior to submittal of proposals B. Answer questions about the project after contract award C. Debrief the bidder on their performance after completion of the contract D. Solicit pricing information from the bidders on proposed scope changes

Answer questions about the project prior to submittal of proposals

If the optimistic time for an activity is 6 weeks, the pessimistic time is 24 weeks and the most likely time is 12 weeks, then the expected duration is: A. 7 weeks B. 13 weeks C. 22 weeks D. 24 weeks

13 Weeks

If the slack in a 12 week activity is 6 weeks and ES = 4, then LF = _____. A. 4 B. 10 C. 16 D. 22

22

Which of the following is often overlooked when planning and budgeting a project? A. Customer's milestones B. Cost and size of contractual documentation. C. Number of meeting with the customer D. Timing of the deliverables

Cost and size of contractual documentation

Which of the following contract types has the greatest risk with the buyer? A. Cost sharing B. Cost-Plus-Incentive-Fee C. Firm-Fixed-Price D. Fixed-Price-Incentive-Fee

Cost-Plus-Incentive-Fee

Generally speaking, the lowest level in the WBS is referred as: A. Level 3 B. Level 4 C. Level 5 D. The work package

The work package

During competitive bidding, a contractor can submit inclusion and exclusions to the customer's preliminary statement of work. T/F

True

Consider the WBS shown below: 1.00.00 1.1.0 1.1.1 1.1.2 1.2.0 1.2.1 1.2.2 If the total program costs $100,000 and 1.2.1 and 1.2.2 are each $20K, the the cost of 1.1.0 is: A. $20K B. $40K C. $60K D. Cannot be determined

$60K

Billing the cost of repairs against a financially closed out project is called _____. A. Back charging B. Refinancing C. Order of precedence D. Arbitration

Back charging

If a product is being manufactured on an 80% learning curve, and the time for building the 100th unit is 50 hours, then the time required to build the 200th unit should be: A. 90 hours B. 50 hours C. 40 hours D. None of the above

40 hours

The cost of renting a piece of equipment is $200 per day and the leasing cost is $5000 plus $100 per day. The breakeven cost between renting and leasing occurs at _____ days. A. 30 B. 50 C. 100 D. 200

50

An activity in a network has the following characteristics: ES = 5, EF = 9 and LF = 12. LS = _____. A. 5 B. 8 C. 9 D. 12

8

Which of the following would be a typical limitation to a learning curve? A. The learning curve does not continue forever B. Learning gained on one product cannot be transferred to another product. C. Cost data may not be available to construct a learning curve D. All of the above

All of the above

Which of the following would be included in a scoring model for evaluating bidders? A. Overall bid price B. Financial strength (ability to stay in business) C. Intellectual property rights D. All of the above

All of the above

Which of the following scheduling techniques is most appropriate today for reporting project status to a customer during an interchange meeting? A. BAR charts B. Milestone charts C. PERT charts D. Precedence charts

BAR Charts

The customer external to your company requests that a certain element of work be subdivided to lower level work packages and that cost/schedule information be reported at lower levels. You should: A. Grant the customer's request but bill the customer for the changes to the WBS. B. Simply grand the customer's request. C. Deny the request since the WBS is finalized and cannot change. D. Check with the line managers first to see if cost and schedule can be reported at this level.

Check with the line managers first to see if cost and schedule can be reported at this level.

Which of the following schedule compression techniques is often the lowest risk and with the added benefit of lowering the cost? A. Crashing B. Descoping C. Outsourcing D. Overtime

Descoping

The major disadvantage of using a bar chart on large projects is that bar charts: A. Cannot identify critical paths B. Do not show dependencies between activities C. Cannot identify milestones D. Cannot show slack

Do not show dependencies between activities.

Activities with zero time duration are called: A. Low-slack activities B. No-slack activities C. Dummy activities D. Special activities

Dummy Activities

Which of the following is an activity-on-node network diagramming method? A. PERT B. GERT C. ADM D. PDM

PDM

_____ source contracting is when multiple suppliers exist but only one is selected to receive the contract A. Preferred B. Sole C. Single D. Surety

Single

_____ source contracting is when there exists only one supplier in the market-place to satisfy the requirements of the contract. A. Preferred B. Sole C. Single D. Surety

Sole

The project manager desires a work breakdown structure that goes through 6 levels of detail. Level 3 through level 6 would most likely be prepared by: A. Project sponsor B. Project Manager C. Subject matter experts D. Customer

Subject matter experts

Plans such as the cost plan, schedule plan and quality plan are referred as: A. Integrated plans B. Specialized plans C. Functional plans D. Subsidiary plans

Subsidiary plans

A contractor accepts a project, after go-ahead, and the contractor discovers that the statement of work was ill-defined and pushed through scope changes that significantly alienate the customer. The customer pays for the scope changes and then files a law suit against the contractor to recover the cost of the scope changes. Neglecting the type of contract, the court would likely rule that: A. The contractor is at fault for accepting a contract with ill-defined requirements and not discovering this initially B. The contractor is at fault for a misinterpretation of the wording in the statement of work. C. The customer is at fault for providing a statement of work that could be misinterpreted. D. The customer cannot recover the cost associated with the scope changes once payment has been made.

The customer is at fault for providing a statement of work that could be misinterpreted.

If the customer's SOW contains words such as nearly or approximately, then: A. The project manager uses his discretion in determining the meaning. B. The sponsor uses his discretion in determining the meaning C. The customer uses his discretion in determining the meaning. D. Scope creep is unlikely

The customer uses his discretion in determining the meaning.

Which of the following cannot be determined after performing a forward pass and a backward pass on a network diagram? A. The critical path B. The end date of the project C. The effort in each activity D. The slack in each activity

The effort in each activity

Negative slack is the result of: A. The forward pass going beyond the customer's end date and the backward pass is measured from the customer's end date B. Non-critical-path activity using up all of their slack C. The critical path can be completed before the customer's desired end date D. All of the above

The forward pass going beyond the customer's end date and the backward pass is measured from the customer's end date.

Which of the following is not validated by using the WBS? A. The schedule B. The risks C. The quality of the deliverables D. The budget

The quality of the deliverables.

Learning curve theory is based upon: A. The time required to perform a task increases as the task is repeated B. The amount of improvement increases as more units are produced C. The rate of improvement has sufficient consistency to allow its use as a predictive tool D. All of the above

The rate of improvement has sufficient consistency to allow its use as a predictive tool.

Project managers often rewrite the customer's SOW into a document that the project team can easily understand. The document is called: A. The redefined SOW B. The scope statement C. The deliverable statement D. The finalized SOW statement

The scope statement

Which of the following is normally not addressed in a change control board meeting to approve a scope change? A. Cost of the change B. Which functional unit will perform the change C. Impact on the schedule D. Value-added opportunity for the client

Which functional unit will perform the change

Which of the following network diagramming methods allows for branching and looping? A. PERT B. GERT C. ADM D. PDM

GERT

During an interface meeting with your customer, both of you have different interpretations of the raw data. If the customer's interpretation is correct, then the direction of the project should change. However, the customer states that they need more time to determine if their interpretation is correct. As the PM you should: A. Continue on with your existing baseline until the customer confirms that the direction must change. B. Change the direction of the project according to the customer's interpretation of the results and continue on. C. Stop working on the project until you both agree on the direction. D. Cancel the project and then, after an agreement is reached, submit a new proposal and price to restart the project.

Continue on with your existing baseline until the customer confirms that the direction must change.

The type of contract where all of the seller's costs are reimbursed and the seller will also receive a percentage of the profit pool based upon how well the buyer likes the end result is a _____ contract. A. Cost-sharing B. Cost-plus-award-fee C. Cost-plus-fixed-fee D. Cost-plus-incentive-fee

Cost-plus-award-fee

Which type of cost-plus contract provides the seller with a guaranteed dollar-value profit rather than as a percentage? A. Cost-sharing B. Cost-plus-award-fee C. Cost-plus-fixed-fee D. Cost-plus-incentive-fee

Cost-plus-fixed-fee

Which type of contract has a sharing ratio and a ceiling on the profit? A. Fixed price B. Cost-plus-incentive-fee C. Cost-plus-fixed-fee D. Cost-sharing

Cost-plus-incentive-fee

Which of the following schedule compression techniques usually requires adding more resources to each work package that is being compressed? A. Overtime B. Crashing C. Outsourcing D. Descoping

Crashing

All work packages in the project must be at the same level of the WBS. T/F

False

Project sponsors within the contractor's company have the authority to change the scope of an external customer's project as they see fit. T/F

False

The critical path is the path in the network with the greatest amount of risk. T/F

False

The measurement of lag is made within an activity whereas slack is measured between activities. T/F

False

PERT network reflect what type of precedence diagram? A. Start-to-start B. Start-to-finish C. Finish-to-start D. Finish-to-finish

Finish-to-start

Which of the following contract types has the greatest risk with the seller? A. Cost sharing B. Cost-Plus-Incentive-Fee C. Firm-Fixed-Price D. Fixed-Price-Incentive-Fee

Firm-Fixed-Price

Which type of contract has a point of total assumption? A. Cost-plus-incentive-fee B Fixed-price-incentive-fee C. Firm-fixed-price D. Cost-plus-award-fee

Fixed-price-incentive-fee

During contract negotiations, the goal of the buyer is to: A. Get the seller to accept the greatest risk B. Get the highest quality result for the lowest price C. Get the seller to agree to scope changes at no cost to the buyer D. Try to get the least amount of work done at the lowest price

Get the highest quality result for the lowest price.

"Hygiene Factors" refers to: A. How a contractor should respond to an RFP B. The type of proposal expected by the seller C. How and where contract negotiations will take place D. How many bidder conferences will be held

How and where contract negotiations will take place.

Which of the following is false concerning the critical path in a network? A. It is the longest path in the network B. It is the shortest amount of time in which the project can be completed C. It is the path that contains the greatest number of activities D. It is the path where each activity has zero slack

It is the path that contains the greatest number of activities.

What are the maximum number of inputs and outputs that can exist in a node in the precedence diagramming method? A. 3 each B. 5 each C. 10 each D. It is unlimited

It is unlimited

During the execution of a project, the customer asks you to perform additional tests which the customer will pay for. Unfortunately, there are no resources available to perform the additional tests. The project manager should: A. Refuse to perform the tests. B. Determine when the tests can be done and then inform the customer. C. Tell the customer that company policy is that the additional test must be treated as an enhancement project and funded separately after the this project is over. D. Let the sponsor make the decision on what do do.

Let the sponsor make the decision on what to do.

Which of the following is not a benefit of having a highly detailed work breakdown structure? A. Lower status reporting costs B. Less likely that anything will be omitted C. Better Estimating D. Better activity tracking

Lower status reporting costs

Which of the following is not one of the three types of specifications discussed in the text? A. Design specifications B. Material specifications C. Performance specifications D. Functional specifications

Material specifications

Failure to exercise one's activity in such a manner that a reasonable person would do in a similar situation is: A. Negligence B. Liquidated damages C. Breach of contract D. Privity of contract

Negligence

During contract negotiations, the goal of the seller is to: A. Get the buyer to accept the greatest amount of risk B. Get the largest possible profit margin regardless of the risk C. Get the largest possible price for the contract D. Negotiate a contract where the profit margin is commensurate with the risk the contractor is expected to incur

Negotiate a contract where the profit margin is commensurate with the risk the contractor is expected to incur.

Which of the following documents is not defined in the test as one of the four critical documents for preliminary planning? A. SOW B. WBS C. Specifications D. Network Diagrams

Network diagrams

A covenant providing restrictions on certain proprietary knowledge is called a: A. Non compete clause B. Non disclosure clause C. Non conformance clause D. Penalty clause

Non disclosure clause

Which of the following network diagramming methods do not use dummy activities? A. PERT B. GERT C. ADM D. PDM

PDM

Which of the following is generally not included in a solicitation package? A. Listing of qualified vendors B. Past bidding history of qualified vendors C. How changes will be managed D. Supplier payment plan

Past bidding history of qualified vendors

11. Which of the following is generally not part of "Conducting the Procurements"? A. Perform a make-or-buy analysis B. Confirm qualified sources C. Review past performance of sources D. Produce a solicitation package

Perform a make-or-buy analysis

A customer is unhappy with the performance thus far on a project. The customer states that, unless scope changes are made at the contractor's expense, the contractor would be removed from the customer's preferred bidders list for future contracts. The contractor should: A. Refuse to perform the scope changes. B. Perform the scope changes at the contractor's expense. C. Perform the scope changes and then submit an invoice for payment to the customer. D. Take no action and hope that the customer will forget about the scope change request.

Perform the scope changes at the contractor's expense.

In which of the following schedule compression techniques is the cost of rework usually the greatest? A. Overtime B. Crashing C. Performing series work in parallel D. Outsourcing

Performing series work in parallel

Scope creep is generally the result of: A. having too many levels in the WBS B. Poorly defined SOW (Scope of work) C. Too much detail in the specification D. Having the wrong people assigned to the project

Poorly defined SOW

Which of the following scheduling techniques is most appropriate today for managing a project? A. BAR charts B. Milestone charts C. PERT charts D. Precedence charts

Precedence Charts

The person with the ultimate responsibility to make sure that all work required by the SOW and only the work required boy the SOW is performed is the: A. Customer B. Project Manager C. Appropriate subject matter expert for that work package. D. Project Sponsor

Project Manager

In which of the following would the price of a possible contract not be included? A. Request for information (RFI) B. Request for quotation (RFQ) C. Request for proposal (RFP) D. Invitation for bids (IFB)

Request for information (RFI)

Laying out a network diagram when you know before-hand the size of the available resource pool is called: A. Resource leveling B. Resource allocation or resource limited planning C. Better effort planning D. Slack utilization planning

Resource allocation or resource limited planning.

Smoothing out project resources from period to period is called A. Resource leveling B. Resource allocation or resource limited planning C. Better effort planning D. Slack utilization planning

Resource leveling

What is the project sponsor's responsibility with regard to the WBS preparation? A. Make sure all work packages are well defined. B. Make sure that the management levels of the WBS are correct. C. Make sure that the technical levels of the WBS are correct. D. The sponsor should not be involved in WBS development.

The sponsor should not be involved in the WBS development.

Which of the following is usually preferred for placement of the project manager with regard to the WBS? The project manager's salary should be: A. Divided up at each work package. B. Divided up at each WBS element not lower than level 3 of the WBS. C. Divided up at each level 2 WBS element. D. There should be only one WBS element covering the project manager's salary.

There should be only one WBS element covering the project manager's salary.

For long-term projects, such as weapon systems projects, contracted for by the Department of Defense, the type of contract can change from life cycle phase to life cycle phase. T/F

True

Generally speaking, work packages are assigned to one functional unit. T/F

True

Which of the following would be the first item to be discussed in the initial kickoff meeting for a project? A. Understanding the requirements B. Understanding the plan C. Understanding the schedule D. Understanding the budget

Understanding the requirements

Which of the following is not one of the four network diagramming techniques? A. PERT B. GERT C. VERT D. PDM

VERT

An intentional relinquishment of a legal right is a (n): A. Infringement B. Breach of contract C. Waiver D. Termination liability

Waiver