SCM 5

A Gantt Chart is a line chart that shows schedule information.

FALSE

The primary purpose of a Gantt Chart is to decomposes work into specific deliverables that the project team will focus on.

FALSE

The work breakdown structure tool forces you and your project team to view the "big picture" of the project.

FALSE

According to the chapter, what is the single most important project-management tool?

Work breakdown structure

Which of the following is part of the Gantt Chart process?

build your work breakdown structure; list all of the activities for a work package; display activities in a bar chart format; crate an activity schedule

Monitoring, controlling, and communicating progress of activities is part of which phase of project management?

delivery

The work breakdown structure will help you conduct ________ discussions and stay focused on getting the project done.

fact-based

Losing sight of a work package can result in which of the following?

failure

What are the four steps most companies use in the risk management process?

identification, assessment, prioritization, mitigation

If you are trying to define a project's objectives, scope, feasibility and constraints, which phase of project management are you in?

initiating

Which of the following is one of the four core behaviors of good project management?

initiating, planning, delivery, closure

Which of the following is not one of the three types of risks you should explore when trying to identify risks?

unknown-knowns

What are the two axes on the risk prioritization matrix?

probability; impact

You are managing a _______ when the value-added activities are ongoing and repetitive.

process

You are working on a _______ when you do any activity designed to produce a unique product, service, or result.

project

OSCM consists of which two value-added activities?

project management and process management

How do Gantt Charts help you with your processes?

requires you to do your HW and learn about the details of your project; informs you when work falls behind schedule so you can make corrections

When using a Gantt Chart, you list ________ on the vertical axis and ________ on the horizontal axis.

Activities & Dates

Which of the following are key steps in creating a Gantt Chart?

Make a list of activities for a work package, Create an activity schedule, Sequence activities according to their dependencies, Display activities in a bar chart format.

According to the chapter, why is the work breakdown structure so valuable?

Makes projects visible; breaks projects into deliverables

A work breakdown structure is a deliverable-oriented, hierarchical decomposition of the work to be completed by a project team.

TRUE

Project managers should not prepare for every risk.

TRUE

The work breakdown structure shows all of the major tasks you need to accomplish and how they relate to each other.

TRUE

Once risks have been identified, you need to determine the ________ and ________ of each.

likelihood, impact

Which of the following is not one of the three elements of the project management triangle?

method

Which of the following is not one of the three dimensions recommended to prioritize risks?

probability, impact