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The most important use of data gathered from monitoring is control. The primary purpose of the launch meeting is to develop the project plan and budget. Answer: False If a PM manages her project well enough she can eliminate uncertainty. […]

The formula for the expected time of an activity in a network assumes that the optimistic, pessimistic, and most likely time estimates have a Beta distribution. Projects with deliverables that are incrementally different from existing offerings are classified as platform […]

The amount of resources a project can use depends in part on the timing of the allocation. A disadvantage of using beta distribution to approximate activity times is that it is generally less flexible than the normal distribution. Answer: False […]

Technical dependencies are often harder to see on a Gantt chart than on a PERT/CPM network. The process of line balancing is when individual production lines are made to generate the required amount of product with a little excess capacity […]

Organizational structure should be addressed in the project final report. The details of the project work force are discussed in the Resource Requirements section of the project master plan. Answer: False It is easiest to see lead and lag time […]

Project evaluation appraises the performance of a project relative to the project’s initial or revised plan. Measuring the project’s performance against a planned budget and schedule is generally straightforward. Answer: True The start-to-finish linkage is used in situations where is […]

The request for proposal may contain valuable information for a project audit. Morale of the project team is a key responsibility of the project manager. Answer: True An overload of reporting is just as dangerous as underreporting. Answer: True The […]

Often it is beneficial to crash activities not on the critical path. One way of linking planning and control is to monitor project progress on the MSP Gantt chart. Answer: True Expected value is a tool for risk analysis. Answer: […]