QUIZ 05 - PLANNING - PART 2 (Planning portions of Schedule & Cost Mgmt)

Agile teams estimate user stories separately. True / False

FALSE

It is poor practice to use more than one approach for creating a cost estimate. True / False

FALSE

Most project teams use the most pessimistic time to estimate activity durations. True / False

FALSE

The critical path is the shortest path through the network diagram. True / False

FALSE

Activity sequencing involves reviewing the activity list and attributes, project scope statement, and milestone list to determine the relationships or dependencies between activities. True/False

TRUE

Critical chain scheduling considers limited resources when creating a project schedule. True / False

TRUE

Discretionary dependencies are defined by the project team. True / False

TRUE

There is usually no cost or duration associated with a milestone. True / False

TRUE

What is the most common type of dependency between activities? a. finish-to-start b. start-to-start c. start-to-finish d. finish-to-finish

a. finish-to-start

In an AOA network diagram, a(n) ____ occurs when two or more nodes precede a single node. a. merge b. union c. join d. intersection

a. merge

The project team begins to develop a ____ by first clearly defining all the activities it needs to perform. a. schedule b. scope c. work flow diagram d. charter

a. schedule

If an activity has a optimistic time of 3 days, a pessimistic time of 13 days, and a most likely time of 5 days, what is the PERT weighted average? a. 4 days b. 6 days c. 7 days d. 5 days

b. 6 days

A(n) ____ path for a project is the series of activities that determine the earliest time by which the project can be completed. a. incidental b. critical c. integral d. vital

b. critical

The main disadvantage of ____ is that it can end up lengthening the project schedule, because starting some tasks too soon often increases project risk and results in rework. a. reviewing b. fast tracking c. crashing d. extending

b. fast tracking

There are ____ basic attributes of dependencies among project activities. a. three b. four c. five d. six

b. four

____ estimates involve estimating individual activities and summing them to get a project total. a. Provisional b. Ad hoc c. Bottom-up d. Temporary

c. Bottom-up

A three-point estimate is an estimate that includes a(n) ____, most likely, and pessimistic estimate, such as three weeks, four weeks, and five weeks, respectively. a. conditional b. unusual c. optimistic d. remote

c. optimistic

A cost baseline is a(n) ____ budget that project managers use to measure and monitor cost performance. a. basic b. incremental c. time-phased d. incidental

c. time-phased

____ dependencies are inherent in the nature of the work being performed on a project. a. Compulsory b. Absolute c. Embedded d. Mandatory

d. Mandatory

The ___________ must be the basis for a project cost estimate if you plan to create a cost baseline and use earned value management as part of monitoring and controlling costs. a. project schedule b. cost model c. Gantt chart d. WBS

d. WBS

A(n) _____________ is a distinct, scheduled portion of work performed during the course of a project. a. milestone b. user story c. task d. activity

d. activity

Where should you include a buffer on a project schedule? a. nowhere b. on every activity c. on non-critical path activities d. before the project's due date

d. before the project's due date

In an AOA network diagram, ____ occur when two or more activities follow a single node. a. flares b. runs c. drives d. bursts

d. bursts

Slack or ____ is the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date. a. leeway b. redundancy c. space d. float

d. float

The SMART criteria are guidelines suggesting that milestones should be specific, measurable, attainable, relevant, and ____________. a. targeted b. time-boxed c. timed d. time-framed

d. time-framed