Chapter 5 Quiz

critical path method

_________ also called critical path analysis-is a network diagramming technique used to predict total project duration.

crashing

___________ is a technique for making cost and schedule trade-offs to obtain the greatest amount of schedule compression for the least incremental cost.

analogous

Using a(n) _________ approach to developing cost estimates requires a good deal of expert judgment and is generally less costly than others are, but it can also be less accurate.

growing grass

What activity was on the critical path for building Disney's Animal Kingdom theme park?

external

____ dependencies involve relationships between project and nonproject activities.

duration

____ includes the actual amount of time spent working on an activity plus elapsed time.

time phased

A cost baseline is a(n) ____ budget that project managers use to measure and monitor cost performance.

package

A work ________ is a task at the lowest level of the WBS.

budgeting

Cost ____ involves allocating the overall cost estimate to individual tasks over time to establish a baseline for measuring performance.

true

Discretionary dependencies are defined by the project team.

discrete

Duration estimates are provided as a ____ number, such as four weeks; as a range, such as three to five weeks; or as a three-point estimate.

true

Duration relates to the time estimate, not the effort estimate.

false

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

cost

Project ____ management includes the processes required to ensure that a project team completes a project within an approved budget.

milestone list

Project teams often create a ____________ to ensure that all major activities are accounted for.

float

Slack or ____ is the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date.

true

The WBS is a required input to the cost budgeting process.

precedence diagramming method (PDM)

The _______ is a network diagramming technique in which boxes represent activities.

baseline

The approved project scope statement and its associated WBS and WBS dictionary form the scope ________.

fast tracking

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.