Flashcards About IT Project Management Mid-Term (ch 1-6)

question

According to the CHAOS studies, which of the following statements about IT projects is true?

answer

Project success is improving because of better project management tools and processes, smaller projects, and improved communication

question

The Socio-Technical Approach focuses on ________

answer

using technology to meet the needs of the business.

question

Assumptions are what we use to estimate scope, schedule and budget and to assess the risks of the project.

answer

True

question

The top factors to project success as reported by the CHAOS studies focus on:

answer

user involvement and executive support

question

According to the CHAOS studies most IT projects are completed on time and on budget.

answer

False

question

Information Technology Projects are organizational investments.

answer

True

question

The project sponsor is ____________.

answer

the client, customer, or organizational manager who acts as the project champion and provides organizational resources and direction.

question

A value-driven approach to project management means _________

answer

Measuring project success in terms of the value the project brings to the organization and not only in terms of meeting the project schedule and budget

question

____ can arise from the estimation process or the stability of the project team

answer

Internal risks

question

The Network era ____________

answer

Began in the 1990s when many organizations sought to regain control of the IT deparment and hired a Chief Data Processing Officer

question

The benefits, described in the text, of using a project management approach to developing information systems include all of the following except:

answer

the coupling of project success to the selection of team members and the skill sets and resources that they bring to the project.

question

During the Network Era, IT projects have focused primarily on the challenge of creating a scalable IT infrastructure to support many partners, strategic alliances, vendors, and customers.

answer

True

question

The technical expert is ____________

answer

provides the technical solution to the organizational problem and may include systems analysts, network specialists, or programmers.

question

A project sponsor is responsible for ensuring that all of the project management and technical development processes are in place and being carried out within a set of specific requirements, defined processes, and quality standards.

answer

False

question

The Socio-Technical Approach has been adopted by many organizations because successful projects require a pure technical approach that focuses on the tools, techniques, and methodologies of IT development.

answer

False

question

Only the most successful projects are likely to lead to best practices.

answer

False

question

According to the Standish Group, it appears that most project today fail not because of technology, but from a lack of user involvement and incomplete resources.

answer

True

question

Which of the following organizational variables can influence the selection of IT projects?

answer

all of these

question

The following statements about knowledge management (KM) are true except:

answer

KM is a well defined body of knowledge with an established theoretical base.

question

The Micro Era that started in the 1980's provided a smooth transition from large centralized computers to the personal computer that was widely welcomed by data processing managers who believed the replication of data throughout the organization would provide added backup and security.

answer

False

question

The Value-Driven Approach focuses on ___________.

answer

providing value to the organization.

question

The project manager is ____________.

answer

responsible for ensuring that all management and technical processes are in place and carried out.

question

The Micro era _____________

answer

Began in the early 1980s with the personal computer

question

The desire to fund a project should be based upon ___________

answer

the value the completed project will provide to an organization

question

The Guide to the Project Management Body of Knowledge provides a basis for identifying and describing the generally accepted principles of project management

answer

True

question

The EDP era ______________

answer

Began in the 1960s when large organizations first purchased a centralized mainframe or minicomputer.

question

Projects are planned organizational change. Therefore, the project manager and team do not need to worry about the political climate within the organization because top management has a firm understanding of the organization's culture, environment, politics, etc.

answer

False

question

Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements.

answer

True

question

IT projects must provide value to an organization

answer

True

question

A project can be defined as a temporary endeavor undertaken to accomplish a unique purpose

answer

True

question

A project ______________

answer

is a temporary endeavor undertaken to accomplish a unique product, service, or result

question

The subject matter expert is ___________

answer

the user or client who has specific knowledge, expertise, or insight in a specific functional area needed to support the project

question

The Data Processing Era that began in the 1960's focused on automating many of the organizational transactions such as general accounting, inventory management, and production scheduling with the aid of a centralized mainframe or mini computers.

answer

True

question

According to the CHAOS studies, which of the following factors tend to be most prevelant for challenged or failed projects?

answer

Lack of user input and incomplete requirements

question

According to the CHAOS studies, more IT projects are becoming increasing successful, but there is still a need to improve the likelihood of success

answer

True

question

According to the CHAOS studies, user involvement and executive support tend to be important factors for successful projects

answer

True

question

The rise of islands of independent that replicated data throughout the organization during the Micro Era in the 1980's often challenged the centralized control of many data processing managers.

answer

True

question

The Guide to the Project Management Body of Knowledge provides a basis for identifying and describing the generally accepted principles of project management.

answer

True

question

A value-driven approach to project management means _________.

answer

Measuring project success in terms of the value the project brings to the organization and not only in terms of meeting the project schedule and budget

question

IT projects must provide value to an organization.

answer

True

question

A project can be defined as a temporary endeavor undertaken to accomplish a unique purpose.

answer

True

question

According to the CHAOS studies, more IT projects are becoming increasing successful, but there is still a need to improve the likelihood of success.

answer

True

question

Only the most successful projects are likely to lead to best practices

answer

False

question

Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements

answer

True

question

The Project Management Body of Knowledge

answer

is a generally accepted set of principles and practices for project management

question

A methodology provides a systematic way to plan, manage, and execute projects

answer

True

question

The Project Management Body of Knowledge (PMBOK®) and PRojects IN Controlled Environments (PRINCE2®) are two popular and widely used project management methodologies.

answer

True

question

The following are components of the Agile Manifesto except:

answer

User Involvement over Cost of Project

question

Closing processes:

answer

formally accepts the project's product, service, or end result so the project or phase can be brought to an orderly close.

question

Project Risk Management

answer

focuses on identifying and responding appropriately to risks that can impact the project

question

The PMBOK® are called project cost management includes estimate costs, determine budget, and control costs.

answer

True

question

Project Scope Management

answer

provides assurance that the project's work is defined accurately and completed as planned

question

A project plan includes which of the following:

answer

All of these

question

Under PRINCE2®, the Project Board is accountable for the project's success or failure

answer

True

question

Planning processes:

answer

supports planning of the entire project and each individual phase

question

The phases of a learning cycle include all of the following except:

answer

Assess risk

question

PRINCE2® is similar to the PMBOK® Guide in that it follows the project life cycle and provides stakeholders with a common language and approach to managing projects.

answer

True

question

Executing processes:

answer

focus on integrating people and resources to carry out the planned activities.

question

Project Human Resource Management

answer

focuses on creating and developing the project team

question

Project Communications Management

answer

entails providing timely and accurate information about the project to stakeholders.

question

Project Cost Management

answer

assures that the project budget is developed and completed as approved.

question

The PMBOK® area called project time management includes all of the following except:

answer

Assign Activities

question

Project Time Management

answer

includes identifying the project phases and activities and estimating, sequencing, and assigning resources.

question

Project Quality Management

answer

focuses on planning, developing, and managing the quality environment allowing the project to meet or exceed stakeholder expectations.

question

Breaking a project down into phases increases the complexity and project risk.

answer

False

question

Under PRINCE2®, any proposed changes to the project that the user wants should be approved and included.

answer

False

question

Project Procurement Management

answer

is concerned with acquiring project resources that are outside the organization

question

Planning, executing, and monitoring and controlling are examples of:

answer

Project Management process groups.

question

Waterfall is an iterative development approach while Agile is a structured development approach.

answer

False

question

Initiating processes:

answer

Signal the beginning of the project or phase.

question

Contract closure ensures that all of the deliverables and agreed upon terms of the project have been completed and delivered.

answer

True

question

Although projects follow a project life cycle, the development of new products, services, or information systems follow a product life cycle.

answer

True

question

PRINCE2® was originally developed for government projects in the United States.

answer

False

question

The four phases of a learning cycle include: Understand and frame the problem, plan, act, reflect and learn.

answer

True

question

Project Integration Management

answer

focuses on coordinating the project plan's development, execution, and control of changes.

question

A project's scope is primarily a list of resources available to the project team.

answer

False

question

Monitoring and controlling processes:

answer

allows for managing and measuring progress toward the project's MOV and scope, schedule, budget, and quality objectives

question

Product-oriented processes will define all of the sub-phases and deliverables associated with the ______ project management life cycle phase

answer

execute and control

question

Fast tracking is defined as starting the next phase of a project before the current phase is complete.

answer

True

question

The following are PMBOK® knowledge areas except:

answer

Project Research Management

question

Project management processes include Scope, Schedule, Budget, and Quality.

answer

False

question

The integration of project management and systems development activities is one important component that distinguishes IT projects form other types of projects

answer

True

question

PMBOK® views project integration management as one of the most important because it coordinates the other nine knowledge areas.

answer

True

question

Although projects follow a project life cycle, the development of new products, services, or information systems follow a product life cycle

answer

True

question

Project management processes include Scope, Schedule, Budget, and Quality

answer

False

question

How many widgets would a company have to sell if their initial investment was $60,000 and widgets sold for $25? Materials to produce 100 widgets cost $1000. Direct labor costs $2.50 per widget. Total indirect costs & overhead is 10% of the selling price.

answer

6,000

question

A scoring model can combine both qualitative items reflected in the weights and scores that are based on people's judgments.

answer

True

question

The overall goal and measure of project success is:

answer

The project's MOV

question

Calculate the ROI for a project with total expected costs of $40,000 and total expected benefits of 35,000.

answer

-12.5%

question

The total cost of ownership (TCO) includes only the direct or up-front costs and ongoing expenditures.

answer

False

question

The total benefits of ownership (TBO) should address the benefits of an alternative over the course of its useful life.

answer

True

question

In general, riskier project alternatives will have a lower breakeven point than less risky project alternatives.

answer

False

question

Which of the following statements is the best indicator that the new software project was successful.

answer

The project's product, a software system, was a week late and 2% over budget, but six months later was found to have met the company's goal of reducing service callbacks by 15%.

question

A project that increased profits would impact the _____area of an organization

answer

financial

question

The net present value method of project valuation takes into account all relevant cash flows as well as the company's required rate of return

answer

True

question

Determining whether employees will be able to adapt to the planned change is _____

answer

organizational feasibility

question

Scoring models are useful because they allow for the inclusion of qualitative factors

answer

True

question

A project that provided cleaner air would impact the _____area of an organization.

answer

social

question

A project that provided customers better products and services would impact the _____area of an organization.

answer

customer

question

Which of the following is the best MOV statement?

answer

Our project should increase sales in the Dayton market by 15% next year to complete our company's Ohio expansion strategy.

question

A project that improved operational effectiveness would impact the _____area of an organization.

answer

operational

question

Calculate the Net Present Value for a project with the following cash flows: Year 0: ($5,000) Year 1: $10,000 Year 2: $10,000 Year3: ($2,000). The discount rate is 5%.

answer

$11,866.43

question

A significant deficiency of the payback method of analyzing alternatives is the failure to account for the time value of money.

answer

True

question

A business case is a deliverable that documents the project's goal, as well as several alternatives or options.

answer

True

question

The MOV should explicitly state the technology that will support the IT project.

answer

False

question

For the sake of efficiency and unity of purpose and direction, it is usually advisable to have the project manager take sole responsibility for developing the business case.

answer

False

question

All cash flows over the useful life of a project alternative must be included in the payback method of analysis.

answer

False

question

Trying to decide between three alternatives, a company employed a scoring model. Three criteria were chosen. Criteria A was believed to be the most important and so was given a weight of 50%. The other two were deemed to be equal to each other in importance. A relative scoring range of 0 to 10 was used. The table below shows each alternative and their scores. Which alternative should the company choose? Criteria Alternative A Alternative B Alternative C A 5 6 7 B 8 7 7 C 8 8 5

answer

Choose alternative B

question

Scope and schedule are examples of:

answer

Project Management objectives

question

The MOV should be adjusted at each phase of a project to align with the realities of project execution.

answer

False

question

Development of the project charter is the responsibility of the project sponsor.

answer

False

question

A project that increased market share would impact the _____area of an organization.

answer

strategic

question

Which of the following was NOT given as a reason for recruiting a core team to develop the business case?

answer

early identification of project team.

question

Evaluating the feasibility of an alternative in terms of the funds and resources available to support a project for the organization is a measure of _____.

answer

economic feasibility

question

A company utilizes the payback method exclusively to select projects. Which of the following mutually exclusive (they can only do one of them) projects will they choose? (Assume cash flows occur in equal monthly installments)

answer

Initial Investment:$100,000 Net Cash Flows: year 1:$1,000,000 year 2:$2,000,000 year 3:$2,000,000 each year thereafter:$0

question

All of the following are steps in developing the project MOV except:

answer

Identify the available organizational resources.

question

Which of the following statements about the business case is NOT true:

answer

A business case provides a project budget.

question

Determining whether the proposed solution will work within the software architecture is a measure of _____.

answer

technical feasibility

question

A project that improved operational effectiveness would impact the _____area of an organization

answer

operational

question

The net present value method of project valuation takes into account all relevant cash flows as well as the company's required rate of return.

answer

True

question

A project that increased profits would impact the _____area of an organization.

answer

financial

question

Determining whether employees will be able to adapt to the planned change is _____.

answer

organizational feasibility

question

The project charter _________.

answer

and the project plan should be developed together

question

A communication plan, a quality management plan, and change management plan are all associated with which part of the project charter?

answer

Project Administration

question

Higher potential for conflict and poor response time are disadvantages of:

answer

The Matrix Organization

question

Stakeholders are individuals, groups, or even organizations that have a stake or claim in the project's outcome.

answer

True

question

Disadvantages of the Project Organizational structure include project isolation, duplication of effort, and projectitis.

answer

True

question

_____ organizes resources to perform specialized tasks or activities in order to attain the goals of the organization.

answer

The Functional Organization

question

The _____ will specify how the project's product will be integrated into the organizational environment.

answer

Change Management Plan

question

An IT project manager's technical knowledge is much more important that his or her ability to communicate with people.

answer

False

question

The project environment includes not only the physical space where the team will work, but also the project culture as well.

answer

True

question

The _____serves as the agreement and contract between the project sponsor and the project team including such items as the project MOV, infrastructure, and project plan details.

answer

Project charter

question

The informal organizational structure is a published structure that defines the official lines of authority, responsibilities, and reporting relationships.

answer

False

question

Within the Project Charter, _____defines the work to be completed.

answer

Project Scope

question

Clear authority and responsibility, improved communication, and a high level of integration are advantages of:

answer

The Project Organization

question

A single organizational structure is best for all organizations regardless of strategy.

answer

False

question

Constraints are factors that can limit the project and usually can have an impact on scope, schedule, budget, or quality.

answer

True

question

The project charter serves as an agreement for all the project stakeholders.

answer

True

question

Stakeholders have only a positive interest in the project's outcome.

answer

False

question

The _____ describes how changes to the project's scope will be submitted, logged, and reviewed.

answer

Scope Management Plan

question

Increased flexibility, breadth and depth of knowledge and experience, and less duplication are advantages of:

answer

The Functional Organization

question

Which structure will tend to work well when an organization cannot dedicate scarce resources to a project?

answer

The Matrix Organization

question

Project team members should be chosen based upon their technology skills, business/organization skills, and interpersonal skills.

answer

True

question

The _____ will identify the process for staff acquisition and team development.

answer

Human Resources Plan

question

High potential for conflict and poor response time are disadvantages of the Matrix Organizational structure.

answer

True

question

Assumptions can be thought of as things that must go right in order for the project to be completed as planned.

answer

True

question

The structure that reveals most clearly how individuals in an organization relate is the:

answer

The Informal Organization

question

Which of the following attributes is least important for sucessful project managers

answer

ability to learn new technical skills

question

The Functional Organization is based upon organizing resources to perform specialized tasks or activities in order to attain the goals of the organization.

answer

True

question

The more traditional organizational form best describes:

answer

The Functional Organization

question

The _____ details how quality planning, assurance, and control will be supported throughout the project life cycle

answer

Quality Management Plan

question

High level of integration, improved communication, and increased project focus are advantages of:

answer

The Matrix Organization

question

Unity of command violations are most often associated with:

answer

The Matrix Organization

question

_____ integrates areas and resources throughout the organization.

answer

The Matrix Organization

question

Identifying the project stakeholders is an important component of the project charter.

answer

True

question

Project isolation, duplication of effort, and projectitis are disadvantages of:

answer

The Project Organization

question

Constraints can be thought of as things that must go right in order for the project to be completed as planned.

answer

False

question

The Project Organizational structure supports clear authority and responsibility, improved communication, and high levels of integration.

answer

True

question

The most complex organizational structure is the:

answer

The Informal Organization

question

High level of integration, improved communication, increased project focus, higher potential for conflict, and poorer response time are advantages and disadvantages of:

answer

The Matrix Organization

question

The main feature of the Matrix Organizational structure is the ability to integrate areas and resources throughout an organization.

answer

True

question

Within the Project Charter, _____ focuses on the knowledge areas, processes, and controls that will support the project and are separate subplans or strategies.

answer

Project Administration

question

Since adding features to a project will likely have a negative impact on schedules and budgets, once the project's scope has been defined, no new features should added.

answer

False

question

Which of the following processes of Scope Management Process ensuring that controls are in place to manage proposed scope changes once the project's scope is accepted?

answer

Control Scope

question

The scope statement defines the project boundary.

answer

True

question

One way to ensure that the WBS has the appropriate level of detail is to ensure that the people who do the work are involved in its development.

answer

True

question

Product scope is a statement detailing the deliverables and activities that support the IT methodology.

answer

False

question

Project success will be determined in large part by _____

answer

thinking carefully through activities and estimating their durations.

question

_____ may result in long hours and frustration for the project team, which may lead to burnout.

answer

Time Boxing

question

An estimation technique characterized by the dividing the project into smaller modules and then directly estimating the time and effort in terms of person-hours, person-weeks, or person-months for each module best describes

answer

Bottom-Up Estimating

question

All of the following are included in the Project Scope except:

answer

deliverable structure chart

question

The Work Breakdown Structure is subdivided into smaller components called:

answer

work packages

question

A tangible and verifiable piece of work is called a milestone

answer

False

question

The Delphi technique is a quick and economical way to estimate the duration and costs of project activities.

answer

False

question

Basing an estimate of activity durations on experience gained from working on similar projects is called analogous estimation.

answer

True

question

The development of a work breakdown structure is an interim step to define detailed work packages used to estimate the project schedule and budget.

answer

False

question

The _____ is a narrative description of the product, service, or Information System.

answer

Statement of Work

question

According to the PMBOK® area of scope management, one of the processes is scope planning which means ensuring that authority and resources are committed to developing a scope management plan.

answer

False

question

The work breakdown structure (WBS) decomposes, or subdivides, the project into smaller components and more manageable units of work called work packages.

answer

True

question

The scope boundary establishes only those elements that are a part of the project work to be completed by the project team.

answer

False

question

The _____ helps to identify the main functions or features of the system and the different users or external systems that interact with the system.

answer

Use case diagram

question

The scope boundary establishes both what is, and what is not part of the project work to be completed by the project team.

answer

True

question

Scope change control procedures protect the scope boundary from expanding as a result of increasing featurism.

answer

True

question

Which of the following statements about the work breakdown structure (WBS) is not true?

answer

The WBS should be developed by the project manager.

question

The most common error in guesstimating is to be pessimistic and to overestimate the time and resources necessary to complete a project.

answer

False

question

A significant event or achievement that provides evidence that a deliverable is complete is called a _____

answer

milestone

question

Scope change control is concerned with ensuring that any changes to the project scope will be beneficial, with determining that an actual scope change has occurred, and with managing the actual changes when and as they occur.

answer

True

question

Changes in the scope boundary are handled through a _____.

answer

Change Control

question

A work breakdown structure (WBS) represents a logical decomposition of the work to be performed and how the product, service, or result is naturally subdivided.

answer

True

question

The _____ estimation method usually costs more and takes longer than other methods.

answer

Delphi Technique

question

Project scope is a statement detailing the features and functions that must support the IT solution.

answer

False

question

____ can be a very effective estimating technique by forcing examination of project risks so that specific budget or schedule targets can be achieved.

answer

Top-Down Estimating

question

The significant event at the conclusion of each phase is called _____.

answer

milestone

question

The scope statement documents the sponsor's needs and expectations.

answer

True

question

The first step in accurately estimating an IT application is to _____.

answer

determine the size

question

With _____, activity estimates are usually provided by the team members.

answer

Bottom-Up Estimating

question

Scope grope suggests a fundamental and significant change in the project scope.

answer

False

question

Time boxing involves allocating a time segment for a task rather than attempting to estimate how long that task should take.

answer

True

question

An estimation technique characterized by the recruitment of multiple experts who provide rounds of estimates until a consensus estimate emerges.

answer

Delphi Technique

question

According to the text, most real-world estimating is made using top-down estimating.

answer

False

question

Which of the following processes of Scope Management Process centers on defining and documenting the stakeholders' needs to properly manage expectations?

answer

Collect Requirements

question

An estimation technique characterized by picking numbers out of the air or "ballparking".

answer

Guesstimating

question

Once the project schedule and project budget are approved they become the _____

answer

baseline plan

question

Predecessor activities are activities that must be completed before another activity can be started.

answer

True

question

_____ can help manage the Critical Path by providing information about which activities can be delayed without affecting the deadline target date.

answer

Project Network Diagrams

question

Under the Precedence Diagramming Method, the least common relationship between two activities which occurs when they must complete at the same time is called:

answer

Finish-To-Finish (FF)

question

_____ provide valuable information about the logical sequence and dependencies among the various activities and tasks:

answer

Project Network Diagrams

question

The technique used to help manage the Polaris submarine project and which bases activity estimates on probabilistic estimates of three scenarios is most closely associated with:

answer

PERT

question

Many organizations have a kick-off meeting because _______.

answer

All of these

question

Once the project schedule and budget are accepted by the client or sponsor, the project plan becomes the baseline plan that will be used as a benchmark to track the project's actual progress.

answer

True

question

Which of the following statements are true?:

answer

Baseline plans are approved project plans.

question

Rolling wave planning is:

answer

preparing a summary plan and developing incremental detailed schedules

question

_____ is well suited for developing simulations where the project manager can conduct sensitivity analysis for schedule planning and risk analysis.

answer

PERT

question

Installing a server before loading the operating system is an example of a finish-to-start relationship.

answer

True

question

A kick-off meeting is often held to develop the project plan.

answer

False

question

The project budget is determined by the project schedule, the cost of the resources assigned to each of the tasks, and by any other direct or indirect costs and reserves.

answer

True

question

Adding resources to an activity to shorten the critical path is called_____

answer

crashing

question

The critical path has zero slack (or float)

answer

True

question

_____ is considered the most useful and widely used project management tool.

answer

Gantt Charts

question

Starting the next task before the first task is complete is _____

answer

lead

question

The tool most closely associated with activity bars across a horizontal time axis is:

answer

Project Network Diagrams

question

The kick-off meeting brings closure to the planning phase of the project.

answer

True

question

Rent, utilities, insurance and administrative costs are examples of:

answer

Indirect Costs

question

Completing activities in parallel is called_____

answer

fast tracking

question

Funds allocated for unexpected expenses are _____

answer

Reserves Costs

question

The technique used to find the sequence of tasks with zero slack (or float) is most closely associated with:

answer

Critical Path Analysis

question

Start-to-Start and Finish-to-Finish relationships allow activities to be worked on in parallel.

answer

True

question

To make a decision to attempt to build an application system based on what was left after a previous attempt ended in failure primarily because of the large investment the company made in the failed project most likely was made by a manager who did not fully understand:

answer

Sunk Costs

question

Under the Precedence Diagramming Method, the situation which occurs when two activities can start at different times, have different durations, but are planned to be completed at the same time is called:

answer

Finish-To-Finish (FF)

question

Under the Precedence Diagramming Method, the situation which occurs when a relationship between two tasks that can or must start at the same time is called:

answer

Start-To-Start (SS)

question

The critical path is the shortest path in the project network and also is the longest time in which the project can be completed.

answer

False

question

The final step in determining the cost of an activity is:

answer

ensuring resources are leveled

question

An over allocated resource would arise when Mary is assigned to work on two tasks scheduled at the same time.

answer

True

question

Installing the operating system on a computer before loading any application packages is an example of:

answer

Finish-To-Start (FS)

question

The Critical Path is:

answer

the longest path in the project network.

question

Waiting to leave your shift until another person shows up is an example of:

answer

Start-To-Finish (SF)

question

Identifying the critical path is important because a project can only have one critical path and it never changes.

answer

False

question

The idea that there is a cost associated with using a resource is _____

answer

Prorated Costs

question

_____is ensuring that project resources are not overallocated.

answer

Resource leveling

question

Project network diagrams provide valuable information about the logical sequence and dependencies among the various activities and tasks so that a completion date or deadline can be determined

answer

True

question

Sunk costs include such things as rent, utilities, insurance, and other administrative costs.

answer

False

question

A start-to-finish activity is the most common relationship between two activities.

answer

False

question

Under the Precedence Diagramming Method, the most common relationship between two activities which implies a logical sequence is called:

answer

Finish-To-Start (FS)

question

Scheduling other projects so that resources may be shared is_____

answer

Critical Chain Project Management

question

Identifying the critical path is important because any change in the duration of the activities or tasks on the critical path will affect the project's schedule.

answer

True

question

Critical Chain Project Management (CCPM) is based on the idea that

answer

people often inflate or add cushioning to their time estimates

question

Predecessor activities are activities that can be worked on at the same time as another activity.

answer

False

question

_____ can be useful for tracking and monitoring project progress because they are simple and straightforward.

answer

Gantt Charts

question

Under the Precedence Diagramming Method, the situation which occurs when task A cannot end until task B starts is called:

answer

Start-To-Finish (SF)

question

Costs incurred prior to the current project are _____

answer

Sunk Costs

question

A parallel activity is a task that can be worked on at the same time as another activity.

answer

True

question

Parallel activities can shorten the project schedule, but can have an impact on project resources if a resource is assigned to two tasks at the same time.

answer

True

question

The amount of time an activity can be delayed before affecting the project deadline is _____

answer

Slack

question

An activity being analyzed under PERT was judged to most likely have a duration of 40 days. When considering the time it would take to complete the activity if every relevant factor went well, it was estimated to be able to be doable in 20 days and even under the worst case imaginable, the task would be take 50 days. The estimates PERT duration of that activity is:

answer

38.33days

question

Based upon the following diagram and activity durations, the Critical Path is: A2 B5 C4 D3 E1 F4 G3 H5 I5 J1

answer

A+B+C+F+H+J

question

The cost of labor for using a resource are _____

answer

Direct Costs

question

Time and effort needed to gather experience on a technology or process are _____

answer

Learning Curve Costs

question

The critical path is the longest path in the project network and also is the shortest time in which the project can be completed.

answer

True

question

PERT was developed in the 1950s to create a visual representation of scheduled activities, their logical sequence, and interrelationships using a statistical probability distribution.

answer

True

question

The direct costs of using a resource is the only type of cost that should be considered when developing the project budget.

answer

False

question

A reserve can provide a cushion when unexpected situations arise

answer

True

question

_____ can be useful for tracking and monitoring project progress because they are simple and straightforward

answer

Gantt Charts

Flashcards About IT Project Management Mid-Term (ch 1-6)

Unlock all answers in this set

Haven't found what you were looking for?

Search for samples, answers to your questions and flashcards