question

A rule of thumb for moderate-to high-techonology firms is that a six-month delay in bringing a product to market can result in a loss of about 35 Percent of the Market Share.

answer

True

question

Efforts to shorten a project's duration can occur before the project begins or while it is in progress.

answer

True

question

Indirect costs generally represent overhead costs such as supervision administration,consultants, and interests.

answer

True

question

The total cost for each possible duration of a project is the sum of labor, materials, and equipment

answer

False

question

Direct Costs are so named because they can be assigned directly to a work package and activity.

answer

True

question

To reduce the duration of a project by reducing activity duration the first criteria is that the activity to be reduced must be on the critical path.

answer

True

question

Shortening an activity's duration si termed crashing

answer

True

question

Crashing a critical activity as soon as a problem is detected is the best strategy to take.

answer

True

question

Sometimes an activity that is more expensive to crash should be crashed because it is less risky to crash than the cheaper one.

answer

True

question

One of the advantages of using a Project Cost-Duration Graph is that it keeps the importance of indirect cost in forefront of decision making.

answer

True

question

Intense global competition and rapid technological advances create pressure on developing projects rapidly. This is an example if reducing project duration caused by:

answer

the market

question

A contracter finished a bridge across a lake 18 months early and received more then $6 million for the early completion. This is an example of reducing project duration caused by.

answer

Incentive Contracts

question

The shortest possible time an activity can be completed realistically is called_time.

answer

Crash

question

The less steep the cost slope of an activity, the

answer

less it costs to shorten one time period.

question

Which of the following correctly calculates an activity's cost slope?

answer

(crash cost-normal cost)/(normal time-crash time)

question

The optimum duration for a project is at the point where

answer

total project costs are the lowest

question

If a network has several critical or near-creatical paths it is deemed to be:

answer

sensitive

question

A common method for shortening the project time is to

answer

A, B, and C are all correct

question

The most common method for shortening project time is to

answer

add additional staff and equipment

question

According to Brook's Law, adding more people to a late project is most likely to have which of the following impact?

answer

make the project slip further

question

An uncertain even or condition that, if it occurs, has a positive or negative effect on a project objectives is termed.

answer

risk

question

The chances of a risk event occurring as a project proceeds through its life cycle tends to

answer

slowly drop

question

The cost impact of a risk event occurring as a project proceeds through its life cycle tends to

answer

slowly rise

question

The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented is known as

answer

risk management

question

The initial step in the risk management process is to

answer

identify the risks

question

Which of the following would not be considered a threat?

answer

meeting the project schedule

question

All of the following are included in the risk identification process except

answer

competitors

question

One of the keys to success in risk identification is

answer

critical thinking

question

The easiest and most commonly used technique for analyzing risk is ___ analysis

answer

Scenario

question

The risk assessment form contains all of the following except

answer

who will detect the occurrence of the risk event

question

This risk assessment tool is a variation of the risk severity matrix that includes the ease of detection for each of the identified risks

answer

FMEA analysis

question

Which of the following is not one of the potential responses to a specific risk event?

answer

ignoring

question

A Risk Response Matrix contains all of the following except

answer

all of these are included in the matrix

question

Due to the impact over a long period of time, risk events that occur in the early stages of a project will have a greater costs impact than those that occur in later stages.

answer

False

question

During risk identification the smaller risks should be identified first because they will naturally lead to identifying the larger risks.

answer

False

question

The first step in the risk management process is Risk Assessment.

answer

False

question

Since the goal is to find problems before they happen, the project manager should encourage critical thinking when it comes to risk identification.

answer

True

question

Developing a scenario analysis includes the probability of the event and the impact of the event.

answer

True

question

Fixed price contracts are an example of transferring risk from an owner to a contractor

answer

True

question

Scheduling outdoor work in the summer, investing in up front safety training, and choosing high quality materials are examples of retaining a risk.

answer

False

question

Control is one of the most neglected areas of project management.

answer

True

question

Earned value is defined as the budgeted costs of the work performed

answer

True

question

The baseline is derived from merging information from the work packages with the project network.q

answer

True

question

If the actual costs for the first six months of a project are 1.5 million and the planned budget cost for the first six months are $1.2, then the project is automatically in trouble.

answer

False

question

Earned value is calculated by taking the percent complete times the original budget.

answer

True

question

The key to managing scope creep is change management

answer

True

question

A CPI index of 0.97 indicates that the project has spent less money than budgeted.

answer

False

question

The major reasons for creating a baseline are to monitor and report progress and to estimate cash flow.

answer

True

question

Adequate project controls have the advantage(s) of:

answer

A, B, and C are all correct

question

A typical project progress report would contain all of the following sections except:

answer

all of these are typical sections

question

The first step in the project control process of the measurement and evaluation of project performance is to

answer

set a baseline plan

question

The second step in the project control process of the measurement and evaluation of project performance is to:

answer

measure progress and performance

question

The third step in the project control process of the measurement and evaluation of project performance is to:

answer

compare the plan against actual performance

question

The last step in the project control process of the measurement and evaluation of project performance is to:

answer

take appropriate action

question

A typical tool used to communicate project status is a:

answer

Gantt Chart

question

A tool used to monitor past project schedule performance, current performance, and to estimate future schedule rends is a simple line chart known as a:

answer

project schedule control chart

question

The earned value of a project is the

answer

percent of the original budget that has been earned by the actual work

question

The cost variance for a project is calculated by

answer

EV-AC

question

Small refinements that eventually build to be major changes are known as:

answer

scope creep

question

Of the following costs, which is not included in the baseline?

answer

all of these are usually included

question

The storming stage of team development is completed once members begin to think of themselves as part of a group

answer

False

question

The norming stage of team development is complete when the group establishes a common set of expectation about how members should work together.

answer

True

question

Co-location of team members, team names, and team rituals are common vehicles for establishing a team identity.

answer

True

question

A project vision is an image a project team holds in common about how the project will look upon completion, how they will work together, and how customers will accept the project.

answer

True

question

Everyone on the project team should have identically the same vision of the project.

answer

False

question

Letters of commendation, public recognition for outstanding work, and desirable job assignments are types of individual rewards.

answer

True

question

Group decision making should be used when strong commitment to the decision is needed and there is low probability of acceptance if only one person make the decision.

answer

True

question

"Going native" is the ability that some project teams have to bypass the normal policies and procedures that everyone in the organization is supposed to follow.

answer

False

question

Groupthink refers to the tendency of members in highly cohesive groups to lose their critical evaluative capabilities resulting in quick decision making with little consideration of alternatives.

answer

True

question

Team members can be upset and dissatisfied with conflict, but as long as the disagreement furthers the objectives of the project, then the conflict is functional.

answer

True

question

During which stage of development is the team fully functional and accepted.

answer

Performing

question

Sam is the coach of a high school soccer team and has noticed that some close relationships have formed as well as feelings of camaraderie and shared responsibilities for the team's success. Which stage of development is the team in?

answer

Norming

question

Roger is new-product project manager for retail company. Recently the team has exhibited a high degree of conflict

answer

Storming

question

Which of the following is an objective of the first project team meeting?

answer

A, B, and C are all correct

question

Researchers have found that high performance teams will have which of the following norms?

answer

A, B, and C are all correct

question

All of the following have been found to be good for running effective project meeting except:

answer

all of these are good for effective meetings

question

Establishing a team identity is facilitated by

answer

A, B, and C are all correct

question

Individual rewards for outstanding work would not include:

answer

all of these can be used for individual rewards

question

The first step in facilitating group decision making is to:

answer

identify the problem

question

Strategies to manage dysfunctional conflict do not include__ the conflict.

answer

encourage

question

A 360-degree performance evaluation includes feedback from peers, project managers, subordinates, and even customers

answer

True

question

A project closure where the project is completed early with some parts of project eliminated would be classified as project failure

answer

False

question

The most common circumstance for project closure is simply a completed project such as building a new facility or creating a customized information system.

answer

True

question

The review of the response to hurricane Katrina is an example of a project closure.

answer

True

question

A goal of the retrospectives is to improve the way future projects are managed.

answer

True

question

Performance appraisals, in general, should focus only on the past performance and not on any future development plans for improving performance.

answer

False

question

The facilitator for the retrospective review should be independent and have authority to review results without recrimination

answer

True

question

A project can be closed because the priorities have changed.

answer

True

question

Wrapping up a project does not include acceptance by the customer

answer

False

question

Individual performance reviews should include the individuals self evaluation of his/her contributions

answer

True

question

Which of the following is not part of an effective project closure?

answer

all of these are included in an effective project closure

question

Project auditing includes performance evaluations of

answer

A, B, and C are all correct

question

The project closure process includes all of the following except

answer

conduct an audit

question

More and more companies are discarding the traditional superior-subordinate performance feedback process and replacing it with

answer

the 360-degree feedback

question

Project closures can fall into all of the following categories except

answer

all of these are categories for project closure

question

Highlighting major improvements actions that should be taken would typically appear in the _____ section of the final report.

answer

Recommendations

question

Project mission and objectives, procedures and systems used, and organization resources used typically appear in the___section of the final report.

answer

Analysis

question

Which of the following is not one of the recommended sections of the final report

answer

Strategic objectives

question

When archiving retrospectives the following can be used as classifications

answer

All of the above

question

The Final Report for a Project should include all of the following except:

answer

Selection of the next project

question

The environmental factor labeled security involves the capacity of a country's military and police forces to prevent and respond to attacks.

answer

True

question

The example of one project in Africa being paid in goat skins is an example of the environmental factor of infrastructure.

answer

False

question

Americans tend to underestimate the importance that relationship building plays in conducting business in other countries.

answer

True

question

Mexicans tend to perceive Americans as being cold and that most Americans look down upon them.

answer

True

question

In dealing with the French, a lot of what gets done is a result of going through administrative channels, which involves a lot of red tape and efforts to sidestep this can be regarded as disrespect for legal and governmental institutions.

answer

False

question

Many outsiders consider the Chinese system of guanxi to be like nepotism where decisions are made based on family ties instead of an objective assessment of ability.

answer

True

question

If the length of stay in another culture is to be in the range of 2 to 12 months, the experiential approach to training is advisable.

answer

False

question

Saudis attach little importance to status and rank with the bypassing of legal channels and red tape a common occurrence.

answer

False

question

Which of the following is not one of the potential results for the international project manager?

answer

all fo these are potential results

question

The major issues dealing with international project management include all of the following except:

answer

foreign currency exchange rates

question

Concern about the local restrictions on toxic waste is classified as which of the following environmental factor?

answer

Legal/Political

question

As a response to the events of September 11, 2001 the moving of personnel, materials, and equipment across international borders has created border congestion with increased costs and time. This is an example of which of the following environmental factors?

answer

Security

question

An information systems specialist reported that his performance on a project in Northern Sweden declined due to sleep deprivation during the summer months in which there was 20 hours of daylight each day. This is an example of which of the following environmental factors?

answer

Geographic

question

Inflation rates, import quotas and tariffs, and education level of workforce are examples of which of the following environmental factors?

answer

Economic

question

Needs for a project could include telecommunications, transportation, power, and availability of technically skilled talent. This is an example of which of the following environmental factors?

answer

Infrastructure

question

Communications difficulties because of different languages, social standards, and religious views are examples of which of the following environmental factors?

answer

Cultural

question

Culture is a concept that encompasses all of the following except

answer

economic level

question

The stages of culture shock include all of the following except

answer

Repatriation

question

When you recover from your sense of psychological disorientation and begin to function and communicate, you are in which of the following stages of culture shock?

answer

Adaptation

question

When you begin to lose confidence in your abilities to communicate and work effectively in the different culture, you are in which of the following stages of culture shock?

answer

Irritability and hostility

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