Project Management Ch. 4 & 5 Quiz – Flashcards
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A deliverable
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An expected output over the life of a project would be classified as...
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Define the overall objective to meet the customer's needs
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The first step of project scope definition is to...
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Milestone
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In reviewing the project plan, Susan sees that the first prototype must be completed by October 12. This would be best classified as a...
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Technical Requirement
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The ability of a 911 emergency system to identify the caller's phone number and location is considered to be a...
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An Objective
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"To construct a high-quality, custom home within five months at costs not to exceed $150,000" is best classified as...
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Establish Project Priorities
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There are 5 steps involved when defining a project; which of the following is the second?
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Profit
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One of the primary jobs of a project manager is to manage the trade-offs associated with the project. Which of the following is NOT one of the basic classifications of project priorities?
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Constrained
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After reviewing the project scope statement, the owner specifies that costs MUST stay within $400,000. This criterion is classified as...
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Project Priority Matrix
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The ____ is used to assist in making project trade-offs among schedule, budget, and performance objectives.
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A Work Package
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The lowest element in the hierarchical breakdown of the WBS is...
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The Project
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The highest element in the hierarchical breakdown of the WBS is...
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Code the WBS for Tracking
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There a 5 steps involved in defining a project; which of the following is the last?
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Responsibility Matrix
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If a project is small and does not require an elaborate system to assign tasks, which of the following is a good choice?
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Limits and Exclusions
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The project scope statement indicates that the client is responsible for training the people who will be using the equipment and that the project team will train the client's trainers. This is an example of...
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Scope Creep
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The tendency for the project deliverables to expand over time-usually by changing requirements, specifications, and priorities is called...
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What defines how project communication is to occur
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A "Dissemination Mode"' is...
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Estimating
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The process of forecasting or approximating the time and cost of completing project deliverables is called...
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Top Down/Bottom Up
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In practice, estimating processes are frequently classified as...
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Past Experience
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A good starting point for developing time and cost estimates is...
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Profit
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Which of the following is NOT one of the factors that need to be considered to improve quality of estimates for project times and costs?
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Padding Estimates
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Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation?
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Internal, Small Project
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Which of the following is a good condition for top-down estimating?
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When there is a fixed price contract
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Which of the following is a good condition for bottom-up estimating?
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They are made by someone who uses experience and/or information from someone else to determine overall project cost and duration
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Which of the following does NOT help describe a bottom-up estimating approach?
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Template
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Which of the following methods is NOT considered a top-down approach to estimating project time and cost?
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Ratio
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Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using?
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Function Point
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Sean is forecasting the time and cost of developing a customized software program by looking at the number of inputs, outputs, inquiries, files, and interfaces. Which of the following methods is he using?
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labor
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Learning curves are more likely to be applied in situation where most of the costs are...
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Phase Estimating
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Which of the following would be the best method for projects where the final product is not known and the uncertainty is very large?
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Range Estimating
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Rob is responsible for estimating a work package that has a significant amount of uncertainty associated with the time and cost to complete. Due to the uncertainty involved he will be making a low, an average and a high estimate. Rob is using which estimating approach?
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Direct Project Overhead
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The salary of the project manager would be an example of what type of cost found in a project?
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All of these choices are examples of costs found in a project. (Direct Costs, Project Overhead Costs, General/Administrative Overhead Costs/Labor)
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Typical kinds of costs found in a project include all of the following EXCEPT
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General and Administrative Overhead
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Accounting would be an example of which of the following costs typically found in a project?
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Labor, Materials, and Equipment
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Which of the following would best represent direct project costs?
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Creating historical databases of previous projects
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Companies are using which of the following for improving the estimating process for future projects?
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To help establish a project selection process
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Reason why estimating time and cost are important include all of the following EXCEPT...
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