Which of the following project-scheduling techniques allows for conditional and probabilistic treatment?
A. GERT
B. CPM
C. PERT
D. CPM and PERT
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You work for a large manufacturing plant. You're working on a new project for an overseas product release. This is the company's first experience in the overseas market, and they hope to make a big splash with the introduction of this product. The project entails producing your product in a concentrated formula and packaging it in smaller containers than the U.S. product uses. A new machine is needed in order to mix the first set of ingredients in the concentrated formula. Which of the following is true? A. The new machine, the concentrated formula, and the smaller package are each project constraints. B. The new machine, the concentrated formula, and the smaller package description must be incorporated into the product description document. C. The new machine, the concentrated formula, and the smaller package are each project assumptions. D. The new machine, the concentrated formula, and the smaller package are each considered deliverables.
Explain on the project management life cycle process?
The project charter: A. Includes a product description, describes the business need of the project, and is published by the project manager B. Includes a product description, describes the business need of the project, and is published by the project sponsor C. Includes the contract when the project is performed by a vendor and is published by a manager external to the project D. Includes a product description, describes the business need of the project, and is published by a manager external to the project
You are a project manager in the manufacturing industry. You are using sample variance measurements to monitor the results of the process over time. Which tool and technique of Quality Control are you using? A. Statistical sampling B. Scatter diagrams C. Control charts D. Pareto diagrams
All of the following are tools and techniques of the Performance Reporting process except: A. Variance analysis B. Performance reporting C. Information distribution D. Performance reviews
You have been assigned to a project in which the objectives are to direct customer calls to an Interactive Voice Response system before being connected to a live agent. You are in charge of the media communications for this project. You report lo the project manager in charge of this project and the VP of marketing, who share responsibility for this project. Which organizational structure do you work in? A. Functional organization B. Weak matrix organization C. Projectized organization D. Balanced matrix organization
Your project sponsor has requested a cost estimate for the project. She would like the cost estimate to be as accurate as possible as this might be her one and only chance to secure the budget for this project due to recent cuts in special projects. You decide: A. To use analogous estimating techniques B. To use bottom-up estimating techniques C. To use top-down estimating techniques D. To use expert judgment techniques
What are the different project scheduling techniques?
During which project management process are risk and stakeholder's ability to influence project outcomes the highest at the beginning of the process? A. Planning B. Executing C. Initiation D. Controlling
A negative result from an SV calculation means which of the following? A. PV is higher than EV. B. PV equals one. C. EV is higher than PV. D. EV is higher than AC.
All of the following are true regarding the Executing processes except: A. Executing has one core process. B. The majority of the project budget is spent here. C. The greatest conflicts are schedule conflicts. D. Project performance is measured to identify variances.
Your selection committee is debating between two projects. Project A has a payback period of 18 months. Project B has a cost of $125,000 with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend? A. Either Project A or Project B because the payback periods are equal B. Project A because Project B's payback period is 21 months C. Project A because Project B's payback period is 24 months D. Project A because Project B's payback period is 20 months