Ruby is an administrative assistant with another department. Her manager has agreed to loan Ruby's services to you on a part-time basis during your current project. Ruby is putting together the cost projections you've gathered so far. You want to include these costs in the project charter. Ruby is formatting this information for you into a spreadsheet package and is printing copies. Which of the following is true?
A. All of the costs, including Ruby's time, are charged to the project.
B. All of the costs, Ruby is typing into the spreadsheet are project costs. Ruby's time is not directly related to the project and should not be included. C. The project costs, including Ruby's time, should be included in the project charter.
D. The project costs, excluding Ruby's time, should be considered project constraints.
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You are a project manager working in the automotive industry. You are performing quality control and decide to rank order the frequency of problem occurrences over time using which of the following: A. Control chart B. Pareto diagram C. Cause-and-effect diagram D. Scatter diagram
Which of the following is true? A. Discounted cash flow analysis is the least precise of the cash flow techniques as it does not consider the time value of money. B. NPV is the least precise of the cash flow analysis techniques as it assumes reinvestment at the discount rate. C. Payback period is the least precise of the cash flow analysis techniques as it does not consider the time value of money. D. IRR is the least precise of the cash flow analysis techniques because it assumes reinvestment at the cost of capital.
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
You are a project manager responsible for the construction of a new office complex. You are taking over for a project manager who recently left the company. The prior project manager completed the project charter and the scope statement for this project. In your interviews with some key stakeholders, you conclude that the scope statement was poorly constructed. You know all of the following are true except: A. It will be difficult to assess future project decisions from this scope statement. B. It will be difficult to decompose the deliverables from this scope statement. C. It will be difficult to assess cost and time estimates from this scope statement. D. It will be difficult to create an accurate WBS from this scope statement.
As project manager, you know that all of the following are true concerning analogous estimating techniques except: A. It's a qualitatively based estimating technique. B. It's a top-down estimating technique. C. It's a tool and technique of Activity Duration Estimating and Cost Estimating. D. It’s a form of expert judgment.
PERT is: A. The longest path B. A weighted average technique C. A simulation technique D. Widely used in practice to determine schedule durations
Which of the following is true regarding the Resource Planning process? A. Resource Planning involves the human resource aspect of planning only, and its output is staffing requirements. B. Resource Planning involves the human resource aspect of planning only, and its output is staffing requirements. C. Resource Planning encompasses all the physical resources needed for the project, and its output is staffing requirements. D. Resource Planning encompasses all the physical resources needed for the project, and its output is resource requirements.
You are working on a project that was proceeding well until a manufacturing glitch occurred that requires corrective action. It turns out the glitch was an unintentional enhancement to the product, and the marketing people are absolutely crazy about its potential. The corrective action is canceled, and you continue to produce the product with the newly discovered enhancement. As the project manager, you know that a change has occurred to the product scope as the glitch changed the characteristics of the product. Which of the following is true? A. Changes to product scope are reflected in the project scope. B. Changes to product scope are reflected in the integrated change control plan. C. Changes to product scope are a result of changes to the product description. D. Changes to product scope are a result of corrective action.
During which project management process are risk and stakeholder's ability to influence project outcomes the highest at the beginning of the process? A. Planning B. Executing C. Initiation D. Controlling
What are decision models? A. Project selection criteria B. Project selection methods C. Project selection committees D. Project resource and budget selection criteria
You are a project manager for a growing dairy farm. They offer their organic dairy products regionally and are expanding their operations to the West Coast. They're in the process of purchasing and leasing dairy farms to get operations under way. The sub project manager in charge of network operations has reported some hardware problems to you. You’re also having some other coordinating and integrating other elements of the project. Which of the following is true? A. You are in the Project Plan Execution process. B. Your project team doesn't appear to have the right skills and knowledge needed to perform this project. C. You are in the Information Distribution process. D. Your project team could benefit from some team-building exercises.
What is the meaning of scope of the project?