what is a project management?
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Answer Posted / guest
Project management means to handle a project within that
duration with that estimated amount.
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You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a critical path activity: 60 days most likely, 72 days pessimistic, 48 days optimistic. What is the standard deviation? A. 22 B. 20 C. 2 D. 4
Scope definition is necessary for all of the following reasons except: A. To subdivide project deliverables into smaller components B. To assess the stability of the project scope C. To facilitate time and cost estimates D. To facilitate responsibility and assignment
The Project Management Knowledge Areas: A. Include Initiation, Planning, Executing, Controlling, and Closing B. Consist of nine different areas that bring together processes that have things in common C. Consist of five different processes that bring together phases of projects that have things in common D. Include Planning, Executing, and Controlling processes as these three processes are commonly interlinked
You are the project manager for an outdoor concert event scheduled for 1 year from today. You're working on the procurement plan for the computer software program that will control the lighting and screen projections during the concert. You've decided to contract with a professional services company that specializes in writing custom software programs. You want to minimize the risk to the organization, so you'll option for which contract type? A. Fixed price plus incentive B. Cost plus fixed fee C. Fixed price D. Cost plus incentive
You are a fabulous project manager, and your team thinks highly of you. You are well respected by the stakeholders, management ream, and project team. When you make decisions, others follow your lead as a result of which of the following? A. Referent power B. Expert power C. Legitimate power D. Punishment power
You are a project manager for Penguin Software. Your company creates custom software programs for hospitals and large dental offices. You have just completed a project and are performing earned value analysis, trend analysis, and performance reviews. Which of the following is true? A. This is performance measurement documentation, which is an input to the Contract Closeout process B. This is performance measurement documentation, which is an input to the Administrative Closure process C. These are performance reporting tools and techniques of the Administrative Closure process D. These are performance reporting tools and techniques of the Contract Closeout process
The Project Integration Management knowledge area is made up of which of the following processes? A. Initiation, Project Plan Development, and Integrated Change Control B. Project Plan Development, Project Plan Execution, and Integrated. C. Project Plan Development, Initiation, and Scope Planning D. Initiation, Scope Planning, and Integrated Change Control
You know that PV = 475, AC = 430, EV = 480, EAC = 40, and BAC = 525. What is VAC? A. 440 B. 390 C. 485 D. 435
Which of the following describes the cost of quality associated with scrapping, rework, and downtime? A. Internal failure costs B. External failure costs C. Prevention costs D. Appraisal costs
Your organization regularly uses a tool and technique of the Contract Closeout process to identify lessons learned, including the successes and failures, which will benefit future activity on this project and on future projects. Which tool and technique arc they using? A. Product documentation inspection B. Contract process review C. Performance measurement review D. Procurement audit
The theory that 85 percent of the cost of quality is a management problem is attributed to: A. Doming B. Kaizen C. Juran D. Crosby
Which performance measurement tells us how much more of the budget is required to finish the project? A. ETC B. EV C. AC D. EAC
You are the project manager for a top-secret software project for an agency of the United States Government. Your mission, should you choose to accept it, is to complete the project using internal resources. The reason is because getting top secret clearances for contractors takes quite a bit of time and waiting for clearances would jeopardize the implementation date. Your programmers are 80 percent of the way through the programming and testing work when your agency appoints a new executive director. Slowly but surely your programmers are taken off this project and reassigned to the executive director's hot new project. Which of the following type of project ending is this? A. Starvation B. Extinction C. Addition D. Integration
What is triple constraint triangle in project management?
You are constructing a probability/impact risk rating matrix for your project. Which of the following is true? A. The PI matrix multiplies the risk's probability by the cost of the impact to determine an expected value of the risk event. B. The PI matrix multiplies the risk's probability scales, which fall between 0.0 and 1.0, and the risk’s impact scales to determine a risk score. C. The PI matrix multiplies the risk's probability by the expected value of the risk event to determine the risk impact and assign a risk score based on a predetermined threshold. D. The PI matrix multiplies the risk's probability scales and the risk's impact scales, which fall between 0.0 and 1.0, to determine a risk
