Q1. In addition to technical skills, a project manager must have _________ skills in order to successfully resource a project.
Behavioral
Q2. Why is it important to involve workers in the planning phase of a project when possible?
People are more likely to be enthusiastic about performing work they helped to plan.
Q3. A Staffing Management Plan addresses all of the areas below EXCEPT:
How to record resource assignments in a project scheduling tool such as MS Project.
Q4. Near the end of the project, timing issues regarding team members must be addressed. Which of the answers below is NOT one of the three “r” end-of-project activities related to project team members?
Retrospective meetings with team members
Q5. RAM stands for:
Responsibility Assignment Matrix
Q6. Which of these is NOT one of the roles of key project stakeholders represented in a RACI Chart?
C = Control
Q7. Hector and his team were preparing a RACI chart for the major project work packages and activities. In each row they only assigned an “A” for Accountable to a single resource. Why did they feel it was necessary for only one person to be assigned the accountability for each activity
Because if more than one person has accountability, it is too easy for them to blame each other when something goes wrong
Q8. What can a project manager do to determine if workers are overloaded
Add the demands for each resource at each time period.
Q9. Whom should the project manager consult if there is a severe resource overload and they are considering alternative actions such as reducing the project scope, assigning activities to other workers, splitting activities, reordering activities or resource leveling?
The project sponsor
Q10. What will happen to a project’s schedule if there are resource overloads and the critical path is delayed?
The project’s schedule will slip only if the float / slack period for the noncritical activities is not enough to resolve the resource overload issue
Q11. In regard to resource leveling, why are noncritical path activities generally the first to be delayed
Because they have available slack / float.
Q12. Which of these is NOT a technique for reducing the critical path and compressing a project’s schedule?
Perform a forward pass and a backward pass through the network.
Q13. When crashing a project schedule, the two questions to be asked when deciding which activities to speed up are ________ and _________.
Which activities are on the critical path, and which critical path activity costs the least on a per-day basis to speed up?
Q14. In addition to predecessor-successor relationships, what does critical chain project management (CCPM) factor into its scheduling?
Calculations on resource availability
Q15. When using Reverse Phase Scheduling, the __________ develops the schedule.
Team
CHAPTER-10
1. What type of costs do NOT depend on the size of the project?.
Fixed costs
2. During which phase of a project life cycle do recurring costs typically occur?
Executing
3. Which of these is an example of an expedited cost?
Production work is halted in the factory due to lack of inventory, and management pays for overnight delivery of additional material.
4._________ estimates are often used to seek initial project charter approval.
Order of Magnitude
5. Aisha, an experienced project manager, has successfully managed many new build-outs of office space for her east coast company. Her manager announced today that they will be expanding operations to the Midwest. The company had already signed a lease for 5,000 square feet of office space in Cincinnati, and the offices had to be up and running in 3 months. He asked Aisha for a cost estimate for this construction by the end of the day. How can she come up with a credible estimate so quickly?
Ask the manager questions about the new office space to understand the impacted departments that will be located there, the level of finishes desired, etc. then use the budgets of previous similar projects as a guideline.
6. Which of these methods of estimating can produce the most accurate estimate?
Bottom-uP
7. Which of these is NOT an example of supporting detail pertaining to cost estimates?
Schedule milestones.
8. Jim, a project manager for a manufacturing company, is responsible for getting bids for two sophisticated pieces of equipment that will be installed on the factory floor. He has distributed the detailed specifications to a number of vendors, and is waiting for the bid responses. When analyzing the vendor’s bids, Jim can do all of the following to determine if the vendor’s bid prices appear to be reasonable EXCEPT:
Implement activity-based costing.
9. __________ is defined as a formal, structured process that is aimed at increasing the value or productivity of a work element while minimizing the cost.
Value engineering
10. The time value of money is relevant to project management because:
Discounting the value of future revenue and cost streams enables better project decisions.
11. During risk analysis for a routine project, ____ percent of money should be put into management reserves, while for an unusual project, ____ percent should be reserved.
5 percent, 30 percent
12. What is used to compare actual project spending with planned expenditures to determine if corrective action is needed?
Cost Baseline
13. A fixed cost is described as __________.
A cost that remains the same regardless of the size or volume of work.
14. An example of a nonrecurring cost is _________.
Developing a design that guides the team, once approved
15. Which of the scenarios below is NOT an example of an assumption that may arise when estimating the cost of direct labor?
Only in-house workers will be used
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