Score for this quiz: 75 out of 75
Submitted Dec 9 at 2:24pm
This attempt took 29 minutes.
Question 1
3 / 3 pts
This value represents a ratio of earned value to planned value
cost performance index
cost variance
earned value
schedule performance index
Question 2
3 / 3 pts
Buffering considerations can be applied at the activity level for specific items
as well as the overall project level to account for uncertainties. These
considerations are called:
reserve analysis
contingency cost estimating
none of the above
both A and B
Question 3
3 / 3 pts
Rolling specific data of each work activity into a finalized project budget is
called top-down cost estimating.
True
False
Question 4
3 / 3 pts
The corrective action requirement is the result of work performance report
analysis and root cause analysis, it can be implemented by the project
managers without discussion or documentation.
True
False
Question 5
3 / 3 pts
The three components that a project managers must monitor for each work
activity are
quality of work, duration of each activity, overall actual cost of each
activity
check charts, S-curve analysis, and subject matter expert input
milestone analysis, control charts, and trend analysis
deliverables, schedule, and human resources
Question 6
3 / 3 pts
Information including all work package requirement in a time-phased
sequence, schedule durations for each work activity and cost estimate for
each work activity used to form the criteria for comparison.
baseline
performance comparison
earned value analysis
planned value
Question 7
3 / 3 pts
Technique used to reduce the project’s overall duration by identifying
activities on the critical path that were connected in serial, but can be
performed in parallel, thus reducing the duration of that path.
expediting
fast-tracking
schedule crashing
critical chain method
Question 8
3 / 3 pts
Depending on the type of project deliverable and the required work activities
to produce that deliverable, two primary structures are used in project
management:
network diagramming and theory of constraints
serial and parallel
activity disposition and activity hierarchy
project charter and project scope statement
Question 9
3 / 3 pts
The action taken based on the analysis of information gathered as to
corrections that will be implemented to adjust work activity to yield the
expected activity performance
monitoring
controlling
performance maintenance
course correction
Question 10
3 / 3 pts
One primary component of the accuracy and relevance of information is the
reliability of the source. All of the following are considered reliable sources of
information for the project manager and project staff when developing the
project schedule EXCEPT:
project charter
WBS
Project scope statement
internet databases
Question 11
3 / 3 pts
_______________________ takes the change control process and integrates it
within the project to utilize the original statement of work, project baseline,
project risks, and contingency plans already established in the project plan.
contingency control
the critical chain
resource-constrained activity
integrated change control
Question 12
3 / 3 pts
What is the integrated monitoring system?
system monitoring information collected from direct observation and
documented simply to run the project and report status
system that makes use of status meetings and shared communication
platforms with the goal of being inclusive of all team members in decision
making
system that avoids making changes to the work breakdown structure as the
project progresses
system for monitoring information collected from work activities so
that he can assess project performance that accommodates input
from larger or more complex organizations
Question 13
3 / 3 pts
Overhead expenses, administrative costs, daily labor and materials costs
including office supplies and organization-wide support staff are all
considered
direct constraints
direct costs
indirect constraints
indirect costs
Question 14
3 / 3 pts
A project manager uses this technique by simply increasing the amount of a
particular resource on a particular resource on a work activity, usually at an
added cost, to improve the duration of the activity
feeding buffers
project buffers
schedule crashing
fast tracking
Question 15
3 / 3 pts
The project manager uses the original project plan and information gathered
by the monitoring activity progress to update the project forecast.
True
False
Question 16
3 / 3 pts
Procrastination in starting activities can use up valuable slack built into the
activity duration. This is referred to as
Parkinson’s law
dropped baton
resource bottlenecks
student syndrome
Question 17
3 / 3 pts
Parkinson’s Law states:
workers use all the time allocated for an activity regardless of how
long it actually takes to complete the task
workers are reluctant to finish tasks early so as not to communicate their
efficiency and set precedents for future activities
workers are encouraged to make use of multitasking to increase resource
optimization, resulting in excessive use of the technique which actually
increases activity duration
multiple workers require the use of the same critical resources at the same
time will result in delays
Question 18
3 / 3 pts
________________ uses information from previous project activities that are
similar in scope, complexity, and requirements of deliverables as a
comparable for estimating costs on new projects.
rough order of magnitude estimating
parametric cost estimating
analogous cost estimating
three-point cost estimating
Question 19
3 / 3 pts
These contracts start with an agreed-upon product or service at a fixed price
with the addition of a clause that serves as an inducement and shifts the
balance of risk back to the supplier. An example would be a monetary bonus
for finishing a project early.
fixed-price contracts
incentive fee contracts
fixed-price incentive fee contracts
fixed-fee incentive clauses
Question 20
3 / 3 pts
The ________________ can take information on parameters (such as cost as a
function of time) and display an analysis using a sample grid.
milestone analysis
control charts
project S-curve analysis
Tracking Gantt Chart
Question 21
3 / 3 pts
The four primary steps that make up the process of change include
gather, define, propose, validate
propose, implement, communicate, and measure
conduct, manage, publicize, communicate
gather information, analyze information, monitor work, control work
Question 22
3 / 3 pts
Sustainability of change refers to
permanence of change
ability of human resources to endure the change
impact on the natural environment
long-term availability of resources
Question 23
3 / 3 pts
Those tasked with collecting cost information may run into situations in
which constraints create a challenge as to the availability of accurate cost
estimates. These types of challenges are typically found at one of three
levels:
direct, indirect, and ancillary
portfolio, program, or project
organizational, project, or customer
optimistic, most likely, or pessimistic
Question 24
3 / 3 pts
All of the following are steps for the identification and elimination of most
critical constraint using Goldratt’s theory of constraints EXCEPT:
establishing multitasking of resources in the system constraint
identify the system constraint
exploit the system constraint
subordinate everything else to the system constraint
Question 25
3 / 3 pts
Simple technique used to analyze information from work activity monitoring
which starts with the indication of a problem or undesired trend and
identifies all possible scenarios that could produce the problem.
root cause analysis
fault tree analysis
constraint identification protocol
