Osm3200 Exam 2

Front 1

A _________________________ is used to formally document changes made to the project.

Back 1

Change Control System

Front 2

What does the acronym WBS stand for?

Back 2

Work Breakdown Structure

Front 3

The lowest-level of the WBS is known as a __________________________.

Back 3

Work Package

Front 4

What is uncontrolled change know as?

Back 4

Scope Creep

Front 5

One of the challenges during the event planning process is to ensure that managers do not mix ________.

A)Summary tasks (events) with the specific tasks (activities) needed to produce them Milestones with

B)completion dates

C)Requirements with expectations

D)Control limits with specifications

Back 5

a. Summary tasks (events) with the specific tasks (activities) needed to produce them

Front 6

Before a project schedule can be created, a _____________________ must first be made.

Back 6

Work Breakdown Structure

Front 7

A framework that identifies project deliverables best describes a project Work Breakdown Structure (WBS).
a. True b. False

Back 7

a. True

Front 8

The Work Breakdown Structure (WBS) is a framework that will be used as a basis for further planning activities including:

a. developing the project schedule
b. developing the project cost estimate c. identifying project risks
d. all of these

Back 8

d. all of these

Front 9

Significant events in the project lifecycle that have zero duration and that do not consume resources are called ________.

Back 9

Milestones

Front 10

Before a project schedule can be created, a(n)______________________ must first be made.

Back 10

WBS

Front 11

A(n)___________________ is a significant event in the lifespan of a project.

Back 11

Milestone

Front 12

A lead is a change in the logical relationship that results in the _____________ of the successor activity.

Back 12

Acceleration

Front 13

If a painted wall must dry for four hours before work can continue, the result is a delay in the successor activity. The wait for the paint to dry is an example of a(n)_______________.

Back 13

Lag Time

Front 14

A professor cannot grade his students’ exams until the students have completed taking
the test. What kind of relationship is this?
a. Start-to-start relationship
b. Start-to-finish relationship
c. Finish-to-finish relationship
d. Finish-to-start relationship

Back 14

d.Finish-to-start relationship

Front 15

When determining an activity’s duration, project managers typically include weekends, evening, and holidays in the duration time. True or False?

Back 15

False

Front 16

When calculating a project’s duration, it is best to consider the time it will take to complete each activity individually

Back 16

True

Front 17

According to the learning curve, performing an activity frequently results in it taking a(n)_______________ amount of time to complete the same activity in the future.

Back 17

Less

Front 18

The enumeration method focuses only on one critical path. True or false?

Back 18

False

Front 19

A Gantt chart shows each activity’s_____________ and ________________.

Back 19

Early Start, Early Finish

Front 20

A project manager needs two types of skills, __________________________ and _________________, to successfully resource a project.

Back 20

Hard, Soft

Front 21

To help ensure project support, it is important to involve workers in the _______________ phase of the project.

Back 21

Planning

Front 22

A(n) ______________________ is a tool which is used to show resource assignments.

Back 22

RASIC

Front 23

It is best to only have one person assigned primary responsibility for an activity. True or
false?

Back 23

True

Front 24

Using a(n) _____________________ can help a project manager identify if workers are overloaded.

Back 24

RASIC chart/ Gantt chart

Front 25

____________________ is any form of schedule network analysis in which scheduling decisions are driven by resource constraints.

Back 25

Histogram

Front 26

With resource leveling, _________________ activities are often delayed first.

Back 26

non critical

Front 27

When performing resource leveling, it is helpful for the project manager to consult both the _______________ _________________ ______________________ and the ________________ _________________________.

Back 27

Critical Path, Resource Histogram

Front 28

Critical chain project management is a technique which uses both the predecessor-successor relationship and ___________ ____________ to calculate the projects critical chain.

Back 28

Resource Availability

Front 29

To reduce the total project duration, activities that are on the noncritical path must be reduced. True or false?

Back 29

False

Front 30

_________________ and ___________ are two techniques that are used to compress projectes schedules.

Back 30

Crashing, Fast Tracking

Front 31

Cost estimating is closing linked with __________________, _______________________, and ______________________.

Back 31

Scope, Schedule, Resource Planning

Front 32

It is better to begin cost negotiations with project stakeholders before conducting a cost estimate. True or false.

Back 32

False

Front 33

____________ costs do not depend on the size of the project.

Back 33

Fixed

Front 34

For a cake baker, ingredients such as flour and eggs are examples of __________________ costs while her oven is an example of a _______________ cost.

Back 34

Variable, Fixed

Front 35

The salary of a Vice President of an organization is an example of a(n)____________ cost while the salary of an electrician hired to work on a construction project is an example of a(n) ___________ cost.

Back 35

Indirect, Direct

Front 36

Recurring costs typically occur during the _____________________ phase of a project.

Back 36

Execution

Front 37

___________________________ is a method in which transactions are recorded when then the expense is actually occurred.

Back 37

Accural Accounting

Front 38

_________________________ is a method of accounting where transactions are recorded when the money is actually spent.

Back 38

Cash Counting

Front 39

_________________________ estimates are often created during the beginning of the project and likely to be less accurate than later estimates.

Back 39

Order of Magnitude

Front 40

Which cost estimating technique requires the organization to use a larger amount of information, analogous estimating or parametric estimating?

Back 40

Parametric Estimating

Front 41

Rank the following cost estimating techniques in order from least time consuming to the most time consuming

Analogous
Bottom-up
Parametric

Back 41

Analogous estimating (least)
Parametric estimating
Bottom-up estimating (most)

Front 42

It is possible to completely avoid variation in a project. True or false?

Back 42

False

Front 43

__________________ is used to determine whether a vendor's bid is reasonable.

Back 43

Vendor Bid Analysis

Front 44

It is important that project managers calculate the __________ considering costs in the future

Back 44

Time Value

Front 45

For routine projects, _______ percent is a typical amount of money to be put into contingency reserves. For an unusual project, ____ percent is a typical amount to be put into contingency reserves.

Back 45

5-10, 30

Front 46

A project management plan is a formal document that defines how the project will be initiated and planned? True or False?

Back 46

False

Front 47

Communications planning determines the information needs and expectations for project stakeholders? True or False?

Back 47

True

Front 48

Stakeholders include both those who will use the result of a project as well as those who will be affected by the result of a project. True or False?

Back 48

True

Front 49

The communications management plan needs to be a living document that adapts to changing project needs. True or False?

Back 49

True

Front 50

Project teams must be prepared to share critical project information to stakeholders on an as-needed basis, in addition to conducting regular meetings and presentations. True or False?

Back 50

True

Front 51

A virtual team is a group of persons with a shared objective who fulfill their roles largely through face-to-face communications. True or False?

Back 51

False

Front 52

While expensive, it is often advisable for virtual team members who live across the globe to meet face-to-face at least once, especially early in the project. True or False?

Back 52

True

Front 53

Project team member preferences related to the type and frequency of communication may vary depending upon the country of origin. True or False?

Back 53

True

Front 54

Social software enables people to rendezvous, connect or collaborate through computer-mediated communication. True or False?

Back 54

True

Front 55

Scope planning is the process of creating a project scope statement. True or False?

Back 55

False

Front 56

The project scope refers to the features and functions that characterize a product, service, or result. True or False?

Back 56

False

Front 57

The project requirements statement describes performance standards and any other applicable standards that will be applied to the primary project deliverables. True or False?

Back 57

True

Front 58

The bottom up approach to the WBS works well when you have done a similar project before but should not be used for projects that you have never done before. True or False?

Back 58

False

Front 59

By using a systematic process of creating a Work Breakdown Structure, project team members can help to ensure they remember all major portions of work to be accomplished. True or False?

Back 59

True

Front 60

A Work Breakdown Structure must be decomposed at least four levels in order to be effective. True or False?

Back 60

False

Front 61

In order to construct a project Work Breakdown Structure, a project team needs to enlist support from subject matter experts who understand how each portion of the work will be accomplished. True or False?

Back 61

True

Front 62

The top down format for preparing the WBS works best when a similar project has been completed in the past. True or False?

Back 62

True

Front 63

It is important to assign a unique number to every component in the project Work Breakdown Structure. True or False?

Back 63

True

Front 64

Failure to include project management in the Work Breakdown Structure will increase the likelihood that the project will finish late or over budget. True or False?

Back 64

True