1) Write your name below to affirm that you will not receive any unauthorized help on this exam and that the answers are your own. You may use the assigned readings or your class notes to answer these questions, but you may not use any other website or resource.
A. Person Name
2) A project manager is building a project network that involves testing a prototype. She must design the prototype (activity 1), build the prototype (activity 2), and test the prototype (activity 3). Activity 1 is the predecessor for activity 2 and activity 2 is the predecessor for activity 3. If the prototype fails testing, she must redesign the prototype; therefore, activity 3 is a predecessor for activity 1. This is an example of
A. Looping.
3) Information to develop a project network is collected from the
A. work breakdown structure.
4) Arrows on an activity-on-node (AON) project network represent
A. project flow and dependency.
5) On a project network, the activity times are derived from the
A. work packages.
6) An activity that has more than one dependency arrow flowing into it is termed a(n)
A. merge activity.
7) The critical path in a project network is the
A. longest path through the network.
8) A(n) _________ activity has more than one dependency arrow flowing from it.
A. burst
9) Which of the following can be used without coordinating with managers of succeeding activities?
A. Free slack
10) Activities which can take place at the same time are termed
A. parallel activity.
11) A sequence of connected, dependent activities is termed a(n)
A. path.
12) An external view of a Mega Project based upon the outcome of similar projects undertaken in the past is known as:
A. Reference Class Forecasting.
13) The estimating factor that considers the skill level of participants doing the estimating is known as the ___________ factor.
A. people
14) The estimating factor that considers the tendency to overestimate project time and cost in order to improve the likelihood of meeting the estimates is known as the ___________ factor.
A. padding estimates
15) A(n) __________ is something that is a valuable but burdensome possession.
A. white elephant
16) Consider a five-mile-long railroad tunnel. Tunnel experts and advocates estimate the total cost to be $200 million. What is the reference class for this project? But reference class projects in this area have been over-budget by 30%. So, what should the actual revised budget number be for this proposed five-mile tunnel project?
A. Past tunnel projects, $260 million
17) The process of forecasting or approximating the time and cost of completing project deliverables is called
A. estimating.
18) What is the relationship between organizational culture and estimating?
A. Cultural norms affect the accuracy of estimates.
19) Which of the following is NOT one of the factors that need to be considered to improve quality of estimates for project times and costs?
A. profit
20) A project leader is forecasting how much money his department needs to support a new project. He estimates that two people and $25,000 in expenses will cover his needs. Because management typically insists on reducing forecasts by 20 percent, he increases his estimates to allow for that reduction. Which of the following factors is illustrated in this situation?
A. Padding estimates
21) A construction estimator is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using?
A. Ratio
22) Which of the following describes the consensus method?
A. Uses pooled experience of senior and/or middle managers to estimate the total project duration and cost
23) A scrum master is responsible for estimating a work package that has a significant amount of uncertainty associated with the time and cost to complete. Due to the uncertainty involved he will be making a low, an average and a high estimate. He is using which estimating approach?
A. Range estimating
24) Accounting would be an example of which of the following costs typically found in a project?
A. General and administrative overhead