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30 questions
The float of an activity is determined by:
Performing a Monte Carlo analysis
Determining the waiting time between activities
Determining lag
Determining the length of time the activity can be delayed without delaying the critical path
To help them determine the schedule baseline, the team has drafted a network diagram. The project manager adds the time estimates for each activity to establish the critical path for the project. They discover the project has three critical paths. Which of the following best describes how this discovery will affect the project?
It makes it easier to manage
It increases the project risk
It requires more people
It makes it more expensive
The team is working on a project to develop or procure a customized software package that will be used by delivery drivers for a new chain of pizza restaurants. There are multiple stakeholders on this project. Because of other ongoing projects to design, build, and equip brick-and-mortar restaurant locations, you are informed that there is no rush to complete this software development work. If project time and cost are not as important as the number of resources used each month, which of the following is the best thing to do?
Perform a Monte Carlo analysis
Fast track the project
Perform resource optimization
Analyze the life cycle costs
You have identified a diverse group of stakeholders, and you will need to report information in a variety of ways to meet their different communication needs. When will you use a milestone chart instead of a bar chart?
Project planning
Reporting to team members
Reporting to management
Risk analysis
The organization is committed to rolling out a new cell phone accessory at an industry trade show in six months. The sponsor has made it clear that this product, to be created by your project team, must meet a long list of requirements, adhere to high quality standards, and most importantly, be ready in time for the trade show. The sponsor has promised to commit as many resources as necessary for you to complete the project within these constraints. Your project management plan results in a project schedule that is too long. If the project network diagram cannot change but you have extra personnel resources, what is the best thing to do?
Fast track the project
Level the resources
Crash the project
Perform the Monte Carlo analysis
Your team worked hard throughout project planning, thoroughly defining and estimating each activity required to complete the work. The resulting network diagram supported the end date that was approved by the team, management, and the stakeholders. As work progressed, most milestones have been met. ON two occasions, workaround were needed to deal with the occurrence of unidentified risk events. With continued attention to detail, you have been successful in keeping the project on schedule and within budget. Now, an opportunity is identified that can only be realized if the project is completed two days ahead of schedule. Which of the following is the best thing to do when asked to complete a project two days earlier than planned?
Tell senior management that the project's critical path does not allow the project to be finished earlier
Tell your manager
Meet with the team to look at options for crashing or fast tracking the critical path
Work hard and see what the project status is next month
Although the customer agreed to the original project schedule, they are now asking for an earlier project finish. They are being pressured by their own customers. The project manager's sponsor thinks finishing early is not a viable option but also a good idea for your organization because it will enable you to start another project sooner. In attempting to complete the project faster, the project manager looks at the cost associated with crashing each activity. The best approach to crashing would also include looking at the:
Risk impact of crashing each activity
Customer's opinion of which activities to crash
Sponsor's opinion of which activities to crash and in what order
Project life cycle phase in which the activity is due to occur
You are working collaboratively with the team to plan a project. You have obtained estimates from team members on the activities for which they each will be responsible. You are currently reaching agreement on the calendar dates for each activity. Which of the following processes are you working on?
Sequence Activities
Develop Schedule
Define Scope
Develop Project Charter
A project manager is in the middle of executing a large construction project when he discovers the time needed to complete the project is longer than the time available. What is the best thing to do?
Cut project scope
Meet with management, and tell them the required date cannot be met
Work overtime
Determine options for schedule compression, and present management with the recommended option
During project planning, you estimate the time needed for each activity and then total the estimates to create the project estimate. You commit to completing the project by this date. What is wrong with this scenario?
The team did not create the estimate, and estimating takes too long using that method
The team did not create the estimate, and a network diagram was not used
The estimate is too long and should be created by management
The project estimate should be the same as the customer's required completion date
You are a project manager on a $5,000,000 software development project. While working with your project team to develop a network diagram, you notice a series of activities that can be worked in parallel but must finish in a specific sequence. What type of activity sequencing method is required for these activities?
Precedence diagramming method
Arrow diagramming method
Critical path method
Operational diagramming method
You are a project manager on a US $5,000,000 software development project. While working with your project team to develop a network diagram, your data architects suggest that quality could be improved if the data model is approved by senior management before moving onto other design elements. They support this suggestion with an article from a leading software development journal. Which of the following best describes this type of input?
Mandatory external dependency
Discretionary external dependency
External regulatory dependency
Heuristic
Based on the following, if you needed to shorten the duration of the project, which activity would you try to shorten ?
Activity B
Activity D
Activity H
Activity C
You have a project with the following activities: Activity A takes 40 hours and can start after the project starts. Activity B takes 25 hours and should happen after the project starts. Activity C must happen after activity A and takes 35 hours. Activity D must happen after activities Band C and takes 30 hours. Activity E must take place after activity C and takes 10 hours. Activity F takes place after Activity E and takes 22 hours. Activities F and D are the last activities of the project. Which of the following is TRUE if activity B actually takes 37 hours?
The critical path is 67 hours.
The critical path changes to Start, B, D, End.
The critical path is Start, A, C, E, F, End.
The critical path increases by 12 hours.
A project manager has received activity duration estimates from his team. Which of the following does he need in order to complete the Develop Schedule process?
Earned value analysis
Schedule change control system
Trend analysis
Reserves
A project manager is taking over a project from another project manger during project planning. If the new project manager wants to see what the previous project manager planned for managing changes to the schedule, it would be best to look at the:
Communications management plan
Update management plan
Staffing management plan
Schedule management plan
A project manager is using weighted average duration estimates to perform schedule network analysis. Which type of mathematical analysis is being used?
Critical path method
Beta distribution
Monte Carlo
Resource leveling
The WBS, estimates for each work package, and the network diagram are completed. Which of the following would be the NEXT thing for the project manager to do?
Sequence the activities.
Verify that they have the correct scope.
Create a preliminary schedule and get the team's approval.
Complete risk management.
A new product development project has four levels in the work breakdown structure and has been sequenced using the precedence diagramming method. The activity duration estimates have been received. What should be done next?
Create an activity list
Begin the work breakdown structure
Finalize the schedule
Compress the schedule
You are the project manager for a new product development project that has four levels in the work breakdown structure. The network diagram and duration estimates have been created, and a schedule has been developed and compressed. Which schedule management activity should you do next?
Control the schedule
Determine dependencies
Analogously estimate the schedule
Gain approval
A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the labor hours per installation from past projects to predict the future. This is an example of which of the following?
Parametric estimating
Three-point estimating
Analogous estimating
Monte Carlo analysis
As part of a project manager's due diligence, he reviews the schedule, focusing on each activity as its start time approaches. He also monitors activities as they progress. He is currently looking at an activity that has an early start date (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9, and a late finish (LF) of day 19. In all likelihood, this activity:
Is on the critical path
Has a lag
Is progressing well
Is not on the critical path
The project is calculated to be completed four days after the desired completion date. You do not have access to additional resources. The project is low risk, the benefit cost ratio (BCR) is expected to be 1.6, and the dependencies are preferential. Under these circumstances, what would be the BEST thing to do?
Cut resources from an activity.
Make more activities concurrent.
Move resources from the preferential dependencies to the external dependencies.
Remove an activity from the project.
A project manager for a small construction company has a project that was budgeted for $130,000 over a six-week period. According to the schedule, the project should have cost $60,000 to date. However, it has cost $90,000 to date. The project is also behind schedule, because the original estimates were not accurate. Who has the primary responsibility to solve this problem?
Project manager
Senior management
Project sponsor
Manager of the project management office
Senior management is complaining that they are not able to easily determine the status of ongoing projects in the organization. Which of the following types of reports would help provide summary information to senior management?
Detailed cost estimates
Project management plans
Bar charts
Milestone reports
Rearranging resources so that a constant number of resources is used each month is called:
Crashing.
Floating.
Leveling.
Fast tracking.
The team is helping the project manager estimate activities on their project. They are experienced and skilled, and many members have been with the company for some time. There are several activities they need to estimate that have not been previously done by the company. What is the best method of estimating these activities?
Analogous estimating
Three-point estimating
Monte Carlo analysis
Parametric estimating
During project executing, a large number of changes are made to the project. Several of the change requests have come from the customer, significantly changing the functionality of the originally requested project. Six project team members have been reassigned by management to a higher-priority project, and they have been replaced. As project work has progressed, many of the identified risks have occurred and have been successfully mitigated. However, three contingency plans have been adjusted and will be implemented if identified risks recur during the remainder of the project. The project manager should:
Wait until all changes are known, and then print out a new schedule
Make sure the project charter is still valid
Change the schedule baseline
Talk to management before any changes are made
Your schedule projected that you would reach 50% completion today on a road construction project that is paving 32 miles of new highway. Every 4 miles is scheduled to cost $5,000,000. Today, in your status meeting, you announced that you had completed 20 miles of the highway at a cost
of $18,000,000. What is your Planned Value?
$12,800,000
$18,000,000
$20,000,000
$40,000,000
If the CPI is 0.1, this indicates:
The project is performing extremely poorly on cost
The project is casting 10% over what was expected
The project is only casting 90% of what was expected
The project is performing extremely well on cost
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