What are the tools and techniques of the Quantitative Risk Analysis process?
A. Checklists, flowcharting, interviewing
B. Interviewing, sensitivity analysis, decision tree analysis, simulation
C. Checklists, sensitivity analysis, decision tree analysis, information-gathering techniques
D. Interviewing, checklists, assumptions analysis, risk probability impact
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You are a project manager for Dutch Harbor Consulting. Your latest project involved the upgrade of an organization's operating system on 236 servers. You performed this project under contract. You are in the Contract Closeout process and know that you should document: A. Lessons learned B. Performance measurements C. Formal acceptance D. Product verification
What are the different software reengineering activities?
Which performance measurement is the cost of work budgeted for an activity within a certain time frame? A. AV B. PV C. EV D. EAC
You are the project manager for Changing Tides video games. You have produced a project network diagram and have updated the activity list. Which process have you just finished? A. The Activity Sequencing process, which identifies all the specific activities of the project B. The Activity Sequencing process, which identifies all the activity dependencies C. The Activity Duration Estimating process, which diagrams project network time estimates D. The Activity Duration Estimating process, which identifies all the dependent activities of the project
You are the project manager for Changing Tides video games. You have gathered the inputs for the Activity Duration Estimating process. You will employ which tools and techniques to produce the outputs for this process? A. Activity list, analogous estimating, quantitatively based durations, and alternatives identification B. Activity list, analogous estimating, expert judgment, and quantitatively based durations C. Expert judgment, analogous estimating, quantitatively based durations, and reserve time D. Expert judgment, alternatives identification, quantitatively based durations, and reserve time
You are a project manager for Laurel's theater productions. Your new project is coming in over budget and requires a cost change through the cost change control system. You know all of the following are true regarding Cost Control except: A. Performance is monitored to detect variances B. Changes are reflected in the cost baseline C. Changes are monitored and reflected in the project scope D. Changes are monitored so that inappropriate changes do not get into the cost baseline
As project manager, you know that all of the following are true concerning analogous estimating techniques except: A. It's a qualitatively based estimating technique. B. It's a top-down estimating technique. C. It's a tool and technique of Activity Duration Estimating and Cost Estimating. D. It’s a form of expert judgment.
You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering opening a new club in Arizona or Nevada. You have derived the following information: Project Arizona: Payback period is 18 months, and the NPV is 250. Project Nevada: Payback period is 24 months, and the NPV is 300. Which project would you recommend to the selection committee? A. Project Arizona because the payback period is shorter than Project Nevada B. Project Nevada because the NPV is a positive number C. Project Arizona because the NPV is a negative number D. Project Nevada because the NPV is a higher number than Project Arizona's NPV
Which of the following is true regarding schedule variances? A. They impact scope, which impacts the schedule B. They sometimes impact the schedule C. They always impact the schedule D. They never impact the schedule
What are the tools for process improvement?
You are a project manager for Bluebird Technologies. Bluebird writes custom billing applications for several industries. One of your users verbally requests changes to one of the screen displays. You explain to her that the change needs to go through the change control system. You explain that a change control system does all of the following, except: A. Document procedures for change requests B. Track the status of change requests C. Describe the management impacts of change D. Determine if changes are approved or denied
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