Quiz
Chapters 5-9 T/F
Questions in this quiz (50)
1Scope management is the function controlling a project in terms of its goals and objectives during the execution phase.
- AT/F
- BAnswer: FALSE
2The statement of work is a detailed narrative description of the work required for a project.
- AT/F
- BAnswer: TRUE
3A comprehensive statement of work includes an estimate of time and costs, resource requirements, and the scope of the work to be performed.
- AT/F
- BAnswer: TRUE
4Until a project has gone through work breakdown structure, it is impossible to determine the relationships among the constituent activities.
- AT/F
- BAnswer: TRUE
5The scope baseline is a document that provides a summary description of each reporting relationship along with a schedule for meetings and reports.
- AT/F
- BAnswer: FALSE
6A work package may be composed of one or more subdeliverables.
- AT/F
- BAnswer: FALSE
7A work package may consist of more than one milestone.
- AT/F
- BAnswer: TRUE
8Work authorization functions as the formal "It's OK to begin work," on the project.
- AT/F
- BAnswer: TRUE
9The terms lump-sum contract and turnkey contract are interchangeable.
- AT/F
- BAnswer: TRUE
10A lump-sum contract requires the customer to pay for the full delivered price of the project before any work is done.
- AT/F
- BAnswer: FALSE
11Team building and conflict management skills are two of the most important people skills that project managers can cultivate.
- AT/F
- BAnswer: TRUE
12The first step in assembling a project team is to talk to potential team members.
- AT/F
- BAnswer: FALSE
13If preferred project team members are not available, the project manager should notify top management of the consequences.
- AT/F
- BAnswer: TRUE
14Project managers are best able to promote a sense of enthusiasm within the project team when they create an environment that is challenging, supportive, and personally rewarding.
- AT/F
- BAnswer: TRUE
15High turnover among project team members is a key element of success since new team members will bring fresh perspectives and ideas to the group.
- AT/F
- BAnswer: FALSE
16Project team productivity is at its peak during the norming phase of group development.
- AT/F
- BAnswer: FALSE
17The punctuated equilibrium model suggests that groups spend the majority of their time in stasis.
- AT/F
- BAnswer: TRUE
18Cross-functional cooperation directly influences both the actual implementation of the project and the team members' assessment that the project experience was worthwhile.
- AT/F
- BAnswer: TRUE
19In general, a superordinate goal is a replacement goal for the goals of all functional groups involved in the project.
- AT/F
- BAnswer: FALSE
20Accessibility is the perception of the project team members that they are physically located in such a way that it is easy for them to interact.
- AT/F
- BAnswer: FALSE
21The risk is highest in the earliest phase of the project life cycle.
- AT/F
- BAnswer: TRUE
22Opportunity emerges from favorable project circumstances and risk from unfavorable events.
- AT/F
- BAnswer: TRUE
23As risk decreases in the project life cycle, opportunity increases
- AT/F
- BAnswer: FALSE
24Risks can be quantified by multiplying the likelihood a failure will occur by the severity of the failure.
- AT/F
- BAnswer: TRUE
25Technical risk is the probability that the project will not perform to the required standards or produce substandard products or have excessive operating cost consumption.
- AT/F
- BAnswer: TRUE
26The probability that the investments made to fund the front-end activities will be lost due to project abandonment is financing risk.
- AT/F
- BAnswer: FALSE
27One approach to risk mitigation is simply to accept it.
- AT/F
- BAnswer: TRUE
28Risk cannot be transferred because ultimately your own project will suffer the consequences if the event occurs.
- AT/F
- BAnswer: FALSE
29Contingency reserves require a construction company to hold back some funds in an account just in case something happens that increases the overall project cost.
- AT/F
- BAnswer: TRUE
30The highest dollar value of reserves is typically task contingency.
- AT/F
- BAnswer: FALSE
31Direct costs are those clearly assigned to the aspect of the project that generated the cost.
- AT/F
- BAnswer: TRUE
32Material is an example of a cost that is recurring, variable and direct.
- AT/F
- BAnswer: TRUE
33An expedited cost is one that does not vary with respect to their usage.
- AT/F
- BAnswer: FALSE
34The term expedited cost has the same meaning as crashing cost in the project management milieu.
- AT/F
- BAnswer: TRUE
35An order of magnitude estimate is usually more accurate than a ballpark estimate.
- AT/F
- BAnswer: FALSE
36Comparative estimates are more accurate than definitive estimates when applied to the same project.
- AT/F
- BAnswer: TRUE
37A learning rate of 90% means that for every doubling of output, the time required by the activity falls by 10%.
- AT/F
- BAnswer: TRUE
38Function point analysis is a system for estimating the size of software projects based on the number of lines of code a typical programmer can write in a day.
- AT/F
- BAnswer: FALSE
39A common reason for cost overruns in a project is a low initial estimate of project cost.
- AT/F
- BAnswer: TRUE
40There is a tendency for different departments or functions to compete for scarce resources in a zero-sum game when bottom-up budgeting is used to develop a project budget.
- AT/F
- BAnswer: FALSE
41Preceding activities are those that must occur before others can be done.
- AT/F
- BAnswer: TRUE
42A backward pass is performed when it is necessary to undo some work that has been performed in order to complete it properly.
- AT/F
- BAnswer: FALSE
43A merge activity has two or more immediate predecessors.
- AT/F
- BAnswer: TRUE
44Float is always measured in exactly the same way as slack.
- AT/F
- BAnswer: TRUE
45The PERT technique assumes that durations are more deterministic.
- AT/F
- BAnswer: FALSE
46Burst activities are those with two or more successor activities.
- AT/F
- BAnswer: FALSE
47You must know the mean of an activity in order to determine its standard deviation.
- AT/F
- BAnswer: FALSE
48In assigning a value for the most pessimistic (b) duration, the project manager should estimate the duration of the activity to have a 99% likelihood that it will take b or less amount of time.
- AT/F
- BAnswer: TRUE
49The late start time should be calculated using a forward pass through the network.
- AT/F
- BAnswer: FALSE
50Negative float exists when a project's critical path has been completed more quickly than anticipated.
- AT/F
- BAnswer: TRUE
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- Project Mngt Chapters 5-9 T/F
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