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 projects.
It is acceptable to restrict the launch meeting to brainstorming a problem.
A matrix organization is a combination of pure project organization and functional
organization.
Matrix, pure project, and functional project organizations may exist in the same
company.
As a project unfolds, the cost uncertainty increases as the project moves towards
completion.
A disadvantage of using the payback period method for selecting projects is that it
cannot reflect the time-value of money.
The plan-monitor-control cycle constitutes a “closed loop” process.
Mechanisms to gather and store data rarely need to be designed.
An advantage of pure project organization is its great depth of technical knowledge.
Multidisciplinary teams are almost certain to operate in an environment of conflict.
RACI stands for remove all cost information.
A project that must be completed by a fixed time is referred to as resource constrained.
By very careful planning, a project manager can do away with cost uncertainty.
Project audits are typically very useful at the master schedule project state.
The process of managing the way different departments or groups work together is
called integration management.
It is appropriate for the project manager to play an active role in communications
between the client and the senior management of the organization conducting the
project.
A budget is a plan for allocating resources to project activities.
Early project audits usually focus on the project’s budget and schedule.
Microsoft Project allows the project manager to create an individual availability
calendar for each resource on the project
It is not possible to overdo it when it comes to project planning.
The main distinction between platform and breakthrough projects is that the former
usually depend on existing technology.
A Gantt chart can not depict a critical path, only a PERT/CPM chart can.
A key deficiency of the aggregate project plan is that it provides little information about
the resources committed to the various projects.
Activity budgets show expenses by task and expected time period of the expenditure.
The start and finish date of a project must be specified before the action plan can be
completed.
When planning, it is best for the project manager to breakdown and define the different
levels of the project plan.
Functional project organizations have higher personnel costs than pure project
organizations.
Exception reports are prepared to disseminate the results of a special study.
The PMI does not devote much coverage to risk management in the PMBOK
Most organizations use top-down budgeting.
If the performance of all subsystems is optimized, it follows that the overall system is
optimum.
Project monitoring and control can be thought of as opposite sides of project selection
and planning.
Taken together the RACI and the Work Breakdown Structure may be used to determine
the importance of each task listed.
When it was originally developed, PERT used certain (deterministic) methods to
estimate activity duration.
Later project audits are typically of less value to the project team and of more interest to
general management.
There is no way other than guessing to estimate the impact of learning on a project’s
task.
Another name for total slack is free slack.
Project evaluation should not be limited to an after-the-fact analysis.
Critical path tasks always have zero slack.
The first unit requires 10 hours to complete. If the industry uses an 80 percent learning
rate, how long should the third unit take?
a) 10 hours
b) 9 hours
c) 8 hours
d) 7.02 hours
e) 6.40 hours
Slack is calculated as?
a) LFT – EST
b) LFT – LST
c) LST – LFT
d) LFT – EFT
e) EFT – EST
Which of the following is not a trend in project management?
a) achieving strategic goals
b) improving project effectiveness
c) quasi projects
d) reductive projects
e) achieving routine goals
Which of the following is not a main duty of the termination manager?
a) Oversee the closing of the project’s books
b) Complete the project final report
c) Ascertain any product support requirements
d) Ensure completion of work
e) Ensure that documentation is complete
All of the following are criteria available to help choose the priority rule mentioned in
the textbook except;
a) Schedule slippage
b) Project cost
c) resource utilization
d) in-process inventory
Which of the following is used to show linkages between people and tasks?
a) the work breakdown structure
b) the RACI
c) the Project Action Plan
d) the Project Resource Diagram
e) the Concurrent Engineering Chart
Which of the following is are criteria for project selection?
a) Is there a market offering for the project results
b) How risky is the project
c) Is the project synergistic with other important projects
d) All of the above
How many different types of project organizations are there?
a) 3
b) 6
c) 4
d) 5
e) Unlimited number
Which of the following is NOT an element of the Gantt chart?
a) actual progress
b) variance of the critical path
c) the current date
d) scheduled milestones
e) all of the above are elements
Managing a project involves all of the following except;
a) Continually planning what to do
b) Checking on progress
c) Comparing progress to plan
d) Taking corrective action to build to bring progress into agreement with the plan if it
is not
e) Holding regular meetings
According to the text, which of the following is not an item to consider for project
evaluation report recommendations?
a) communication with the client and senior management
b) locating opportunities for technological advances
c) locating opportunities to crash the project
d) improving the project-management process
e) improving the organization’s used of projects
To crash a project, which of the following principles apply? 1) Focus on the critical
path(s) when trying to shorten the duration of a project, 2) Select the least expensive
way to do it 3) Crash non-critical activities
a) All three are correct
b) Only 1 and 3 are correct
c) Only 1 and 2 are correct
d) Only 1 is correct
“The operation was a success but the patient died” best exemplifies
a) micromanagement
b) the systems approach
c) the need to fight fires
d) suboptimization
e) lack of leadership
Which of the following is used when it is especially difficult to find a direct measure of
a variable?
a) frequency count
b) raw numbers
c) surrogates
d) subjective numeric ratings
e) verbal characterizations
Which of the following is a nonnumeric project selection method?
a) Q-sort method
b) payback period
c) discounted cash flow method
d) real options
e) scoring methods
A(n) __________________ shows the set of all tasks in a project arranged by task
level?
a) RACI Matrix
b) Work Breakdown Structure
c) Gantt chart
d) Design Structure Matrix
e) Aggregate Project Portfolio
During project formation stage, the major sources of conflict are all of the following
except:
a) Priorities
b) Procedures
c) Technical
d) Schedules
Which of the following is not a characteristic of a project?
a) They are unique
b) They are routine
c) They have specific due date
d) They have a specific deliverable
e) They have a purpose
The first task of a newly appointed project manager is
a) to negotiate the project’s budget
b) to negotiate with functional managers for key resources
c) to develop a work breakdown structure for the project
d) to review the project objectives with senior management
e) to develop a linear responsibility chart for the project
Four fundamental reasons for project failure include all of the following except;
a) Project was not required for this task in the first place
b) Insufficient support form senior management
c) Insufficient funds
d) Poor up-front funding
e) Naming the wrong project manager
What is the expected time to complete a task with an optimistic, most likely, and
pessimistic times of 3, 4, and 7 days respectively?
a) 3
b) 4
c) 4.3
d) 4.7
e) 7
Which of the following is concerned with appraising a project relative to its initial or
revised plan?
a) project evaluation
b) project termination
c) project monitoring
d) project control
e) project planning
A functional project structure is not characterized by:
a) lower personnel costs
b) improved communications
c) lack of “projectitis”
d) lack of technical knowledge depth
e) all of the above are characteristics of a functional project structure
After major risk are identified which of the following data should NOT be obtained for
analysis
a) probability of each risk occurring
b) Range or distribution of possible outcomes
c) probability of each outcome
d) the expected time of each outcome
e) the person responsible for each outcome
Searching for the third alternative is most closely associated with
a) win-win negotiation
b) project planning
c) project budgeting
d) the three goals of a project
e) the weighted scoring model
In order to prepare a mind map, you need to start with:
a) the maximum allowable cost of the project
b) a definition of role of the working professional programs (WPPs)
c) a means of evaluating the results
d) the most detailed tasks
e) a statement of the project’s objectives
For which purpose is simulation NOT used with regard to project scheduling?
a) to overcome the limitations associated with statistical techniques used to develop
probability of completion time estimates
b) to investigate the range of project completion times
c) to investigate the distribution of project completion times
d) to verify the accuracy of the optimistic, pessimistic and most likely time estimates
e) all of the above
When a PM updates a project all of the following should be updated except:
a) Tables
b) Charts
c) Action plans
d) All of the above should be updated
e) None of the above should be updated
According to the text, which of the following is not a common level of depth for an
audit.
a) the general audit
b) the detailed audit
c) technical audit
d) aggregate audit
e) All of the above are common levels of depth for an audit.
In earned value analysis…
a) it is desirable to have negative variances for both schedule and spending.
b) it is desirable to have positive variances for both schedule and spending.
c) the schedule variance should be positive and the spending variance negative.
d) the schedule variance should be negative and the spending variance positive.
e) ideally both variances would equal zero.
A situation where two or more activities have the same starting and finishing nodes or
where a single activity connects to two or more nodes is called a dummy task
A special type of project termination characterized by its unexpected suddenness and
initiated by events such as forced retirement of the projects champion or the merger of
the firm conducting the project with another firm is referred to as termination by
“murder””.
Milestones are not depended upon the predecessor activities in the project plan.
Mind mapping is a planning tool.
The 50-50 approach for estimating progress overstates the EV of tasks that are near
completion and understates the EV of tasks that have recently begun.
Data Collecting will eventually exist in one of the following formats except:
Frequency counting
Raw numbers
Verbal characterization
Subjective numeric ratings
Probability scores
Earned value (EV) of a task is the budgeted cost of the work actually performed.
Reason for cost uncertainty in projects include;
a)Prices may escalate
b)Different resources may be required
c)The project may take a different amount of time than was expected
d)All of the following
In order for a PM to be “believable” the PM must have technical and administrative
credibility.
Activities that have duration but do not require resources are referred to as
pseudoactivities.
Earned Value is a measure of overall project progress in terms of performance, budget,
and schedule.
The letters used in the RACI matrix help link a person and a task for accountability
purposes.
Monitoring is the direct connection between project planning and control.
. The shortest duration task first rule minimizes the number of tasks that can be
completed by s system in a given time period.
According to research minimum slack rule is the overall best priority rule.