Milestone 2

Which of the following is true regarding the evaluation of the budget? A. Team members should be consulted with regard to project estimates. B. Reserves are not needed when actual budgeting is used. C. People resource costs can be added as they are incurred. D. Overhead costs must be included in an actual budgeting method.

A. Team members should be consulted with regard to project estimates.

Which of the statements below is NOT true about people resources? A. People resources should include individuals with the expertise to accomplish each part of the project. B. People resources will include individuals preassigned to be part of the project team. C. People resources should be employees of the organization. D. People resources include the project manager and the project management support staff.

C. People resources should be employees of the organization.

Tracy managed a project for a publishing company. Her team worked with a college professor to publish a new math textbook. Which scenario illustrates a resource risk? A. The author thought that the publishing team would create the end-of-chapter questions and answers. B. The original estimate for binding the books was two weeks. The bindery informs Tracy that it will take three weeks to complete the binding process. C. The professor refuses to approve the cover of the book. D. The copy editor for the textbook becomes seriously ill, so Tracy must hire a new copy editor.

D. The copy editor for the textbook becomes seriously ill, so Tracy must hire a new copy editor.

In which of the following ways is quality related to the development of the project schedule? a. A high amount of quality can increase the time it takes to finish a task. b. Quality impacts resources more than it impacts time or effort. c. Changes in quality can help identify dependencies. d. A high amount of quality can decrease the amount of work needed to finish a task.

a. A high amount of quality can increase the time it takes to finish a task.

Which of the following is NOT included on a RACI? a. Detailed project tasks b. Who provides gate approval c. Actions required to manage the project d. High level project work

a. Detailed project tasks

Which example below is information that would be provided in a resource plan? a. New software is needed to organize the project data b. Project stakeholders expect monthly status reports c. A competitor is developing a similar product d. The project cannot extend beyond six months

a. New software is needed to organize the project data

Which of the following correctly describes the purpose of a project dashboard? a. Provide status updates b. Identify risks c. Sequence activities d. Identify dependencies

a. Provide status updates

Which of the following describes the Comparison method of budgeting? a. Provides a short cut for developing the budget b. Sets a cost for each project activity c. Does not include overhead costs d. Does not include variations or changes in the budget

a. Provides a short cut for developing the budget

All team members need to be included in determining time and effort estimates for which of the following reasons? a. Time and effort required is primarily dependent upon team members' expertise. b. The team members need to know these estimates to delegate tasks. c. The team members need to know these estimates to hire contractors. d. Time and effort required is primarily dependent upon the project manager's expectations.

a. Time and effort required is primarily dependent upon team members' expertise.

Which of the following is true about assigning people to tasks? a. Contracted resources should not be used for task assignments. b. A project team member can be assigned to a task. c. A different task should be assigned to every member of the project team. d. The project manager is the backup assignment for all project tasks.

b. A project team member can be assigned to a task.

Which of the following risks is considered bad but survivable? a. High impact b. Medium impact c. Medium probability d. High probability

b. Medium impact

In which of the following ways are activities different from tasks? a. Tasks are used for sequencing the project work. b. Tasks are subordinate to activities. c. Activities provide specificity regarding the project work. d. Activities are minor pieces of project work.

b. Tasks are subordinate to activities.

Lauren adds a vegetable garden to her already-extensive backyard gardens. She tends her vegetable garden with her collection of tools, which includes a shovel, a hoe, and a spade. She waters the garden with a sprinkler system connected to her well. Which item below is paid for by the budget for her project? a. Shovel for digging b. Tomato plants c. Water for plants d. Spade for planting

b. Tomato plants

Which example describes the use of a Time and Materials contract? a. A homeowner pays a landscaping company for plants that were delivered to his home. b. A homeowner hires a landscaping company at a set price to design, provide, and install new plants in his front yard. c. A homeowner pays a landscaping company an hourly rate to install plants he purchases from them. d. A homeowner pays the same monthly fee to a landscaping company regardless of how much work they perform.

c. A homeowner pays a landscaping company an hourly rate to install plants he purchases from them.

What of the following information is NOT included in the risk register for a project? a. Date risk recorded b. Classification of risk c. Impact to project budget d. Description of risk

c. Impact to project budget

Which of the following is correct about gaining approval for a project plan? a. The schedule cannot be adjusted. b. The plan is accepted as is. c. Most projects require formal stakeholder approval. d. Before it can be approved, the plan must be established as the baseline for the project.

c. Most projects require formal stakeholder approval.

Which of the following individuals listed in the RACI performs the project work? a. Informed b. Accountable c. Responsible d. Consulted

c. Responsible

Which of the following is true regarding sequencing? a. Tasks that have a logical sequence take less time to complete. b. Dependencies have little effect on a project timeline. c. Some tasks can be completed at the same time. d. All tasks in a project have a logical sequence.

c. Some tasks can be completed at the same time.

In the process of project planning, which of the following statements is true? a. Different parts of the project plan will have no impact on the performance of the others. b. All project plans must be completed in a defined sequence. c. The desirable planning sequence depends on the project. d. If any one part of the project plan changes, the remaining parts of the plan should not be altered.

c. The desirable planning sequence depends on the project.

Which of the following statements below regarding the process of developing a project budget is true? a. Budgeting for effort includes the costs for all non-people resources. b. Overhead costs show the costs of external resources utilized by the project. c. The project manager may refer to budget estimates from prior projects. d. The project manager should refer to the responsibility matrix when developing the budget.

c. The project manager may refer to budget estimates from prior projects.

Which of the following is the first step in creating a WBS? a. Verify that the work has been properly sequenced b. Identify all activities needed for the project c. Identify all tasks needed to make the work manageable d. Refer to the scope to identify the deliverable

d. Refer to the scope to identify the deliverable

There are several factors that impact a project schedule. How is the factor of time defined? a. The number of people needed to complete an activity b. The ratio of cost to speed needed to complete an activity c. Only the hours spent working on an activity d. The number of days or weeks needed to complete an activity

d. The number of days or weeks needed to complete an activity