PMG_2

A

The Project Budget is equal to only the cost baseline budget. A.False B.True

C

A significant event in a project that may indicate completion of a major phase is a/an: A.Work package B.Activity C.Milestone D.Deliverable

A

A work package is a/an: A.Deliverable at the lowest level of the WBS B.Activity that can be assigned to one or more organizational units C.Required level of reporting D.Activity at the lowest level of the WBS

D

All of the following are inputs to estimating activity durations except: A.Resource calendars and scope statement B.Activity list and activity attributes C.Organizational process assets D.Requirements specifications

A

An estimate created by looking at a similar project or activity and then adding or subtracting to or from the estimate based on the differences between the two is called: A.Analogous estimating B.Exact estimating C.Parametric estimating D.Bottoms up estimating

D

Earned value management integrates scope, cost, and schedule measures to: A.assess communication effectiveness among project team members. B.assess whether all requirements were met. C.develop a preliminary budget. D.assess project performance and progress.

B

If develop online modules must be 100% completed before review online modules can begin, that is called a finish to start relationship. A.False B.True

D

If develop online modules needs to finish before review online modules can finish, that is called a: A.Start to finish relationship. B.Finish to start relationship. C.Start to start relationship. D.Finish to finish relationship.

D

In a project schedule, the sequence of activities which cannot be delayed during the course of the project without extending the project end date is referred to as the: A.Action plan B.Schedule baseline C.Slack line D.Critical path

E

In our lessons the acronym RAM stands for: A.Resource Aligned Management B.Responsible Accountable Manageable C.Responsibility Accountability Matrix D.Resource Acquisition Management E.Responsibility Assignment Matrix

B

Once the logic of a network is laid out, the project manager will conduct a forward pass and a backward pass through the network. This will provide information regarding ______ and will identify the________. A.The slack for each activity, high risk activities B.The total duration of the project, critical path C.The high risk activities, non-critical path D.Resource shortages, high risk activities

B

Performing quality assurance within the context of a project involves applying the planned, systematic quality activities to ensure that the project correctly employs all processes needed to meet project objectives and product requirements. A.False B.True

B

Product quality focuses on the project management processes used to meet project objectives A.True B.False

A

The Process Improvement Plan is: A.a subsidiary, or component of the project management plan. C.The number one component of the project management plan.

B

The S-Curve depicts the relationship between the cost baseline budget and the schedule because it shows the planned cost baseline budget across the planned project timeline. A.False B.True

D

The WBS is used to derive all but one of the following: A.The project cost performance baseline B.The project schedule baseline C.The activity list D.The business need for the project

A

The critical path is the shortest path through the network and represents the work that can be delayed without delaying the end of the project. A.False B.True

D

The discipline of quality management complements the discipline of project management. Both recognize the importance of: A.Responsibility of only the sponsor, continuous improvement, and inspection B.Company satisfaction, continuous improvement, and management protocol C.Team satisfaction and inspection over prevention D.Customer satisfaction, prevention over inspection, continuous improvement, and management responsibility

D

The network diagram is the best tool for demonstrating: A.Schedule variances B.Schedule performance over time C.Resource requirements D.The sequence of project activities

B

The term resources only refers to people, it does not include money or materials or equipment. A.True B.False

A

To calculate early start (ES) and early finish (EF) perform a: A.Forward pass B.Critical pass C.Lateral pass D.Backward pass

A

What description defines Bottoms Up Estimating? A.A technique that involves estimating the cost of individual work packages or individual schedule activities with the lowest level of detail. B.A technique that uses a mathematical model to estimate costs. C.A technique that analyzes activities on past projects and using them as a basis for estimating costs.

B

When it comes to projects, the emphasis is on strategic quality management. Quality is not an accident, quality is part of the plan, and quality is everyone's job. A.False B.True

A

When you are concerned that your estimates might not be correct, especially if you think they are too low, you should pad the estimate and add extra. A.False B.True

D

When you have good historical information which can be used in a reliable formula or model, you will probably use: A.Exact estimating B.Bottoms up estimating C.Analogous estimating D.Parametric estimating

B

When you schedule work in a specific order because it cannot be completed any other way this is what type of dependency? A.Discretionary B.Mandatory C.External D.Internal

B

When you use the RACI or Responsible, Accountable, Consult, Inform version of the RAM, those who are responsible are: A.Supervising the work B.Completing the work C.Providing subject matter expertise D.Not completing the work

D

Which one of these most correctly defines management reserve? A.Management reserve is tied to a specific milestone or event. B.Management reserve is tied to specific work packages. C.Per our lesson, management reserve and contingency are exactly the same. D.Management reserve is not tied to specific work packages it is for the entire project.

D

You are building an apartment complex with four, 10,000 square foot buildings based on the same drawings you used in another city two years ago. What is the danger of estimating using the same parametric model of $50 per square foot? A.It's not very easy to scale. B.The technical design is unstable. C.It will take much more time than a bottoms up estimating. D.Historical cost relationships may no longer be applicable.

C

You are preparing an estimate of the cost for an IT system expansion for a new branch office location. It is a very similar to the IT system expansion undertaken for a branch office that opened six months ago. Which technique might you use if you are pushed for a quick estimate? A.Parametric B.Bottoms up C.Analogous D.Probabilistic