POM exam 2 layla lunde chapter 5

the crash-cost per day ( or other time unit) is calculated using which of the following formulas.

(cc-nc)/(nt-ct)

which of the following attributes are used to define a project? 1. Requires A Significant time periods to preform. 2. a series of relates jobs 3. directed toward some major output. 4. has no specific beginning or end

1,2,3

Which of the following are advantages of the matrix project structure 1. resource duplication is minimized 2. team members are less concerned about their future employment after the project is completed. 3. team member report to two bosses 4. Communication between functional areas is enhanced

1,2,4

Which of the following are features of an earned value management (EVM) implementation ? 1. a valuation of each activity 2. Predefined metrics that quantify the accomplishment of work. 3. subjective descriptions of project completion 4. a project plan that identifies activities to be accomplished

1,2,4

Which of the following is needed to calculate the expected time of an activity? 1. Pessimistic time (b) 2. Most likely time (m) 3. desired time (d) 4. Optimistic time (a)

1,2,4

An activity has the following costs and durations. Calculate the crash cost per day. Normal Cost- $1,000 Crash Cost- $1,200 Normal Duration- 5 days Crash Duration- 3 Days

100

rank the steps in a critical path method (CPM) from first to last. 1. Determine the start/early finish and late start/late finish schedule. 2. Determine the critical path. 3. identify each activity and its duration. 4.construct a network showing the precedence relationships among activities.

3,4,2,1

Sort the steps in the crashing procedure form first to last: 1.shorten the critical path at least the cost 2. plot direct, indirect, and total cost curves, and find the minimum cost schedule 3 determine the cost per unit of time to expedite each activity 4. prepare a cpm type network diagram 5 compute the critical path

4,3,5,1,2

sort the steps in the crashing procedure from first to last: 1. Shorten the critical path at the least cost. 2. Plot direct, indirect, and total-cost curves and find the minimum- cost schedule 3. Determine the cost per unit of time to expedite each activity 4. prepare a cpm type network diagram 5. compute the critical path

4,3,5,1,2

Which project organization structure uses team members who are assigned from the functional units and has a dedicated product manager?

Matrix project

a specific event that is to be reached at a certain point in time is known as a project _________

Milestone

the foundational principle of earned value management (EVM) is that a true understanding of cost and schedule performance depends upon measuring technical performance __________

Objectively

which of the following is not a resource considered in project management

Place

In the _____ process, the duration of an activity is reduced.

Crashing

shortening the duration of an activity is known as

Crashing

When a project is housed within a functional division such as manufacturing, it is called

Functional

True or False: when all the activities are completed, the project is finished

True

one advantage of the pure project structure is that the project manager has full authority over the project true or false

True

a _________ _____ ________ is a written description of the objectives to be achieved during a project

Statement of work

the costs associated with sustaining a project are referred to as

indirect costs

when crashing a project, the first activity your crash should be

on the critical path with the lowest crash cost per day

which of the following is not a direct activity cost? leasing equipment support facilities overtime work overhead

overhead

Rank the following terms in regards to a project from the highest level down to the lowest Task Project Work package Subtask Portfolio

portfolio project task subtask Workpackage

Which of the following is not a motivation for using a late start schedule

postponing the start of an entire project

The variance of an activity's completion time time requires knowledge of click all that apply The most likely time The pessimistic time The optimistic time the activities predecessors

The pessimistic time the optimistic time

Activity A is a predecessor for activities B and C. When determining the late finish time for activity A.

The smaller of the late starts for B and C

true or false: a benefit of using three time estimates is that it allows you to estimate wether or not a project will be done by certain date

True

Earned ________ management combines measures of scope, schedule and cost for evaluating project progress.

Value

the early finish time of a task is calculated by ________

adding the early start and duration

The time-cost model considers the trade-offs between the time required to compete an activity and the _________ of that activity

cost

when three time estimates are used to estimate the activity time, critical path calculation should use the, _______ time for each activity

expected

true or false: typically, a task is performed by multiple groups or organizations

false

one advantage of the _______ project structure is that team members can work on several projects without having to report to multiple project managers

functional.

if a delay of an activity delays the entire project project, then this activity.

is on the critical path

If the desired completion time for a project (D) is less than expected completion time (T v E) the value of Z will be

negative

A project where all members of the team work on the project full time is an example of which project organizational structure

pure

which project organization structure uses a self-contained team working full time on a single project? Matrix project Pure project functional

pure project

what term best describes the written of the objectives to be achieved in a project.

statement of work

which of the following is not an advantage of the functional project structure

team member report to a dedicated product manager

when a single time estimate of an activity completion time is not reliable, you should use

three time estimates

Which of the following is a disadvantage of the matrix project structure

Project managers may hoard resources for their own projects

Which technique combines measures of scope, schedule and cost for evaluating project progress?

Earned value management

when working on time-cost trade off projects, which of the following pieces of information is not required

Expected time

True of false: there are relatively few project management software options for practitioners

False

If you are a self-Contained project team working full time on a project, you are most likely experiencing the ___________ project structure

Pure

When breaking down a project into smaller elements, what term is used to describe subdivision Task and menial tasks activity and grantt charts activity and tasks task and subtasks

Task and subtasks