BUS 419 QUIZ 2

  

Question 1 

1. The ____ trade-off methodology is      used to incrementally reduce the project duration with the smallest      associated increase in incremental cost. 

  

a.

time-quality 

 

b.

time–cost 

 

c.

schedule-quality 

 

d.

cost-production 

3 points   

Question 2 

1. Earliest start time (ES) is the      earliest time at which a specific activity can begin 

  

a.

calculated on the basis   of the project estimated start time and the estimated durations of   approaching activities. 

 

b.

calculated on the basis   of the project estimated start time and the estimated durations of preceding   activities. 

 

c.

calculated on the basis   of the project estimated finish time and the estimated durations of preceding   activities. 

 

d.

calculated on the basis of   the project estimated start time and the estimated durations of succeeding   activities. 

3 points   

Question 3 

1. A concentrated effort to      accelerate project progress must be applied to the paths with negative      slack to activities that 

  

a.

are near term and those   with long durations. 

 

b.

are scheduled at the end   of the project. 

 

c.

are short in duration and   can be easily completed. 

 

d.

have the lowest cost. 

3 points   

Question 4 

1. Calculate the latest finish for      Task B if its predecessor, Task A, finishes on day 3, its succeeding      activity, Task E, has a latest start of day 7, and the duration of Task B      is 2 days. 

  

a.

Cannot be calculated   based upon information given. 

 

b.

day 3 

 

c.

day 7 

 

d.

day 5 

3 points   

Question 5 

1. The estimated types and quantities      of resources required for an activity together with the availability of      those resources will influence the 

  

a.

actual costs of work   performed. 

 

b.

project scope document   description. 

 

c.

estimated duration for   how long it will take to perform the activity. 

 

d.

project's acceptance   criteria. 

3 points   

Question 6 

1. People sometimes perform to      expectations, their effort will expand to fill the whole number of      scheduled days allotted, 

  

a.

even if part of the time   for the task is waiting time. 

 

b.

even if the number of   resources assigned to the task is reduced. 

 

c.

even if the activity   could have been performed in a longer time. 

 

d.

even if the activity   could have been performed in a shorter time. 

3 points   

Question 7 

1. Activities in a network diagram      are drawn in a ____ relationship because, from a technical standpoint,      they must be performed in that sequence. 

  

a.

serial 

 

b.

vector 

 

c.

parallel 

 

d.

interlocking 

3 points   

Question 8 

1. Which of the following is likely      not to be a process in a project management information system? 

  

a.

Level or smooth the resources   automatically. 

 

b.

Use the nine-step problem solving   method in the system. 

 

c.

Test resolutions to any scheduling   conflicts. 

 

d.

Create charges for resources. 

3 points   

Question 9 

1. Resource leveling attempts to      establish a schedule in which resource utilization is made as level as      possible  

  

a.

without extending the   project beyond its required completion time. 

 

b.

by assigning one resource   to work per day. 

 

c.

by extending the project   beyond its required completion time. 

 

d.

by adding additional   resources to the project. 

3 points   

Question 10 

1. ___ is a method for developing the      shortest schedule when the number or amount of available resources is      fixed. 

  

a.

Resource limited scheduling 

 

b.

Resource leveling 

 

c.

Resource evaluation scheduling 

 

d.

Resource monitoring 

3 points   

Question 11 

1. Resource leveling uses a      trial-and-error method to test delaying 

  

a.

all non-critical activities 

 

b.

all critical activities 

 

c.

all activities with a positive slack 

 

d.

only non-critical activities with   positive slack 

3 points   

Question 12 

1. Resource requirements graphs based      on an as-late-as-possible schedule are drawn 

  

a.

based on each activity's earliest   start time 

 

b.

based on each activity's latest   finish time. 

 

c.

based on each activity's earliest   finish time. 

 

d.

based on each activity's latest start   time. 

3 points   

Question 13 

1. The ____ is the amount that was      budgeted to accomplish the work that was scheduled to be performed up to      that point in time. 

  

a.

cumulative budgeted cost   (CBC) 

 

b.

cumulative earned value   (CEV) 

 

c.

total budgeted cost (TBC) 

 

d.

cumulative actual cost   (CAC) 

3 points   

Question 14 

1. Allocating total project costs for      the various elements to the appropriate work packages will establish 

  

a.

the committed costs for   the work package. 

 

b.

the anticipated expense   for the work package. 

 

c.

a total budgeted cost   (TBC) for each work package. 

 

d.

how to apply resources to   the work package. 

3 points   

Question 15 

1. Committed costs need to be treated      in a special way so that the system 

  

a.

periodically assigns a   portion of their total cost to actual cost. 

 

b.

audits the amounts   assigned. 

 

c.

enters the amount of the   cost one time at the beginning of the project. 

 

d.

enters the amount of the   cost one time at the end of the project. 

3 points   

Question 16 

1. For a project, the TBC = $200,000,      the CEV = $120,000, the CAC = $100,000. Which of the following statements      is true? 

  

a.

The project has a negative cost   variance and corrective action is needed. 

 

b.

The FCAC is greater than the budget   and the project scope should be adjusted. 

 

c.

The project is progressing well and   should be continued. 

 

d.

The CPI is less than 1.0. 

3 points   

Question 17 

1. To keep track of ____, it’s      necessary to set up a system to collect, on a regular and timely basis,      data on funds actually expended. 

  

a.

budgeted cost of work   scheduled 

 

b.

budgeted cost of work   performed 

 

c.

actual cost on a project 

 

d.

planned cost of the   project 

3 points   

Question 18 

1. The contractor might try to      negotiate payment terms that require the customer to do one or more of the      following except 

  

a.

make equal monthly   payments based on the expected duration of the project. 

 

b.

provide frequent   payments, such as weekly or monthly payments rather than quarterly payments. 

 

c.

make a single payment at   the end of the project. 

 

d.

provide a down payment at   the start of the project. 

3 points   

Question 19 

1. A good forum for regularly      reviewing, updating, and addressing risks is 

  

a.

phone conversation with project   stakeholders. 

 

b.

project meeting. 

 

c.

during social events to get inside   information from others. 

 

d.

the meeting for addressing the risk   after it has occurred. 

3 points   

Question 20 

1. If the risks seem ____, the      contractor may decide to not bid on a proposed project. 

  

a.

easily mitigated 

 

b.

within reason 

 

c.

acceptable 

 

d.

too great 

3 points   

Question 21 

1.      Risks can be      prioritized based on  

  

a.

the amount of funds planned to manage   the risk. 

 

b.

the project team member that   identified the risk. 

 

c.

the amount of time the project team   has to manage the risk. 

 

d.

the likelihood of occurrence and   degree of impact. 

3 points   

Question 22 

1. ____ includes taking action to      prevent or minimize the likelihood of occurrence or the impact of such      unfavorable events. 

  

a.

Naming the person   responsible for the risk response plan 

 

b.

Managing risk 

 

c.

Identifying the trigger   point 

 

d.

Taking chances