Q30. When crashing a project, we typically choose critical path tasks whose cost
ID: 3144009 • Letter: Q
Question
Q30. When crashing a project, we typically choose critical path tasks whose costs of crashing are highest. a. true b. false Q31. If EV = $300, AC = $400, and the project budget is $1,000, what is the estimated final cost of the project (this is known as EAC, estimate at complete)? a. $750 b. $1,000 c. $1,250 d. $1,333 Q32. The poor man's hierarchy is a method for: a. Project estimation b. Project scheduling c. WBS construction d. Project selection Q33. An autocratic management style: a. Is effective in most project management situations b. Is effective in highly routine efforts c. Is effective in high flux, state-of-the-art projects d. Will lead to the tyranny of the majority Q34. The Theory X approach to managing workers is a classic example of a top-down view of how people should be managed. a. true b. false Q35. If you want to shorten the length of a project, you must: a. Shorten the critical path b. Shorten the free float c. Spend more money d. Cut back on the features you plan to deliver Q36. Definitive estimates are generally derived from: a. Bottom-up estimates b. Top-down estimates c. Expert judgment cost estimates d. Order of magnitude estimates Q37. In resource planning, one of the issues that needs to be considered is: a. Staff empowerment b. Technical requirements of the project c. Theory X management principles d. Theory Y management principles Q38. Configuration management is a: a. Methodology for working closely with customers by developing and updating requirements for faster response to changing customer needs b. Methodology for ensuring that requirements evolve with evolving customer requirements c. Methodology for specifying requirements at the outset and for controlling very tightly any changes to them d. Methodology for specifying requirements at the outset and for facilitating any changes to them with minimum customer input Q39. Which of the following is an example of a project? a. Maintaining e-mail addresses b. Capacity planning c. Submitting travel and expense reports d. Sending monthly reports to top management Q40. A laissez-faire management style may lead to a ship without rudder syndrome. a. true b. false Q41. Confidence in the accuracy of a cost estimate increases when top-down and bottom-up estimates converge. a. true b. false Q42. Rapid prototyping is a methodology for: a. Specifying requirements at the outset and for controlling very tightly any changes to them b. Specifying requirements at the outset and for facilitating later changes to them with minimum customer in put c. Triggering early warning of unauthorized changes to the original prototype to enable project management to take remedial actions d. Working closely with customers by creating and updating prototypes that respond to customer input Q43. According to PMI, a WBS should focus on a. Tasks b. Deliverables c. Interrelationships among activities d. Cost of the project Q44. The purpose of mid-project evaluation is: a. Continual monitoring of budget and estimates b. To focus on achievement of individual element of the project plan c. To determine whether the original objectives are still relevant d. To re-baseline the project budget Q45. The bottom-most level of the WBS -- the level at which project budget and schedule data are captured -- is called: a. Work package b. Code of accounts c. Budget baseline d. Change control level Q46. Which of the following methods involves performing tasks in parallel? a. Crashing b. Fast tracking c. Leveling d. Hammocking Q47. Scope creep means: a. Needs emergence and identification b. Uncontrolled changes to a project's requirements during project execution c. Migration of project needs to requirements d. Imprecise scope statement Q48. Functional requirements provide us with detailed technical specifications. a. true b. false Q49. A key objective of change control in configuration management is to keep track of actions taken in response to change requests. a. true b. false Q50. Structured Walk-Through is a methodology used in: a. PERT b. GERT c. VERT d. Project Evaluation
Explanation / Answer
Q.30
ANSWER: b false
Project crashing is a method for shortening the project duration by reducing the time of one (or more) of the critical project activities to less than its normal activity time. This reduction in the normal activity time is referred to as crashing. Crashing is achieved by devoting more resources, usually measured in terms of dollars, to the activities to be crashed.
Q31. d. $1,333
EV= earned value: how much work was completed so far
AC= actual cost : how much money is spent so far
EAC: estimate at completion- total amount of money to be put into the project today
Q32.
b) project selection
Q33.
b. Is effective in highly routine efforts
Q34. true
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