The Critical Path Method is a mathematical tool and technique of the Schedule Development process. All of the following are true regarding CPM except:
A. Determines a single early and late start date and a single early and late finish date
B. Calculates expected value
C. Focuses on the calculation of float time
D. Shows the critical path, or the path with the longest duration
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You are the project manager for your company's annual Spring Fling. You've made all the plans and reserved the outdoor grounds for the appropriate day and time. You are now two days away from the big day, and the forecast is calling for light rain showers in the afternoon. You rented tents just in case this risk occurred. This is an example of which Risk Response Planning tool and technique? A. Passive acceptance B. Contingency planning C. Avoidance D. Transference
Which of the following is constraint chat you might find during the Organizational Planning process? A. Organizational structure, expected staff assignments, collective bargaining agreements, and project management team preferences B. Organizational structure, organizational interfaces, technical interfaces, and interpersonal interfaces C. Organizational interfaces, expected staff assignments, collective bargaining agreements, and project management team preferences D. Organizational interfaces, technical interfaces, and interpersonal interfaces
All of the following are true regarding the WBS except: A. It is a deliverables-oriented grouping of project deliverables and elements. B. It defines and organizes the work of the project in a hierarchical form. C. It provides a framework for the work of the project, and work not shown on the WBS is not included in the project. D. It defines all the deliverables of the project, but the activities level should not be listed on the WBS.
You are the project manager for Insomniacs International. Since you don't sleep much, you get a lot of project work done. You're considering recommending a project that costs $575,000, and expected inflows are $25,000 per quarter for the first 2 years, and then $75,000 per quarter thereafter. What is the payback period? A. 40 months B. 38 months C. 39 months D. 41 months
PERT is: A. The longest path B. A weighted average technique C. A simulation technique D. Widely used in practice to determine schedule durations
Performance reporting tools and techniques include all of the following except: A. Earned value analysis B. Statistical sampling C. Variance analysis D. Performance reviews
You are a project manager for a telecommunications firm. You're working on a project that entails upgrading technical hardware and equipment. The estimated cost of the hardware and equipment is $1,725,000. You are reviewing products from three different vendors. One of the vendors offers you and your family the use of the company yacht for the upcoming three-day weekend. What is the most appropriate response? A. Thank them and accept. You don't believe there is a conflict of interest or an integrity issue at stake. B. Thank them and decline. You know this could be considered personal gain, which could call your integrity into question. C. Thank them and accept. Immediately report your actions to the project sponsor so that your motives are not called into question after the fact. D. Thank them and decline. You know this could be considered an integrity issue on the part of the vendor.
Your company, Kick That Ball Sports, has appointed you project manager for their new Cricket product line introduction. This is a national effort, and all the retail stores across the country need to have the new products on the shelves before the media advertising blitz begins. The product line involves three new products, some with multiple deliverables. You are ready to create the WBS. Which of the following is true? A. The WBS should include the three new products and the advertising campaign as level two deliverables. B. The WBS should include the three new products as level two deliverables. C. The WBS should include the three new products as level two deliverables and the advertising campaign as a level three deliverable. D. The WBS should include the three new products and the advertising campaign as level three deliverables.
Change control system, configuration management, performance measurement, additional planning, and project management information system are tools and techniques of which process? A. Integrated Change Control B. Scope Change Control C. Schedule change control D. Cost change control
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If you know expected value is 500 and the standard deviation is 12, you can say with approximately a 95 percent confidence rating which of the following? A. The activity will take between 488 and 512 days. B. The activity will take between 464 and 536 days. C. The activity will take between 494 and 506 days. D. The activity will take between 476 and 524 days.
You are a project manager for an international marketing firm. You are ready to assign resources to your new project using a work authorization system. All of the following are true except: A. Work authorization systems clarify and initiate the work for each work package. B. Work authorization systems are written procedures defined by the organization. C. Work authorization systems are tools and techniques of the Project Plan Execution process. D. Work authorization systems are an output of the Project Plan Execution process.
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