PROJECT MANAGEMENT MILESTONE 2 ALL CORRECT ANSWERS

The color yellow indicate on a project dashboard indicates which of the following?  Activity is in progress  Activity is behind schedule  Activity has not started  Activity is complete CONCEPT Status Repor ...

The color yellow indicate on a project dashboard indicates which of the following?  Activity is in progress  Activity is behind schedule  Activity has not started  Activity is complete CONCEPT Status Reporting Plan 2 Which of the following is true about assigning people to tasks?  Contracted resources should not be used for task assignments.  A different task should be assigned to every member of the project team.  A project team member can be assigned to a task.  The project manager is the backup assignment for all project tasks. CONCEPT Assigning People to Tasks 3 Which example describes the use of a Time and Materials contract?  A homeowner pays the same monthly fee to a landscaping company regardless of how much work they perform. PROJECT MANAGEMENT MILESTONE 2 ALL CORRECT ANSWERS  A homeowner hires a landscaping company at a set price to design, provide, and install new plants in his front yard.  A homeowner pays a landscaping company an hourly rate to install plants he purchases from them.  A homeowner pays a landscaping company for plants that were delivered to his home. CONCEPT Procuring Resources 4 There are several factors that impact a project schedule. How is the factor of time defined?  The ratio of cost to speed needed to complete an activity  The number of people needed to complete an activity  Only the hours spent working on an activity  The number of days or weeks needed to complete an activity CONCEPT Project Schedule 5 When developing the project budget, it is useful to refer to the project schedule. What information does the project schedule provide?  Effort estimates for completing deliverables  A helpful reminder of planned project outcomes  A list of identified requirements for deliverables  Documentation of costs related to similar deliverables CONCEPT Project Budgeting 6 Which of the following elements is NOT included as part of the fivestep process of developing a work breakdown structure?  Identifying tasks  Identifying deliverables  Developing the budget  Sequencing the activities CONCEPT Creating a WBS 7 Which of the following risks may not prove to be true?  Resource  Deliverable  Schedule  Assumption CONCEPT Planning Phase Risks 8 James manages a project to build a new pavilion at an elementary school. The concrete floor takes three hours to pour, and three days to set. Which of the following best describes the time between when the concrete is poured, and when the floor is done?  Lag time  Lead time  Overall time  Dependent time CONCEPT Sequencing & Dependencies 9 Which of the following describes the "red" risk level?  High impact and high probability  High impact and low probability  Low impact and low probability  Medium impact and medium probability CONCEPT Classifying and Recording Risks 10 Which of the following is NOT covered during the Planning Approval meeting?  List of all documented risks  Review of project budget  List of individual tasks  List of needed resources CONCEPT Gaining Approval 11 Which of the following individuals listed in the RACI performs the project work?  Consulted  Accountable  Informed  Responsible CONCEPT Responsibility Matrix 12 Which budgeting method below identifies money that should be added to a project budget to cover cost changes for a project?  Roll-up  Comparison  Actual  Reserves CONCEPT Budget Methods and Evaluation 13 Which of the following is the least accurate effort estimate?  An effort estimate based on assigned resources  An effort estimate based on past projects  An effort estimate for a new process  An effort estimate based on expertise of individual CONCEPT Time and Effort Estimates 14 Select the item below that is NOT described in a project schedule.  Quality requirements for completed work  Order of project work  People performing the project work  Time required to complete work CONCEPT Project Schedule 15 Which of the following refers to the degree of damage that a particular risk has in the overall project?  Probability  Impact  Contingency  Cost CONCEPT Classifying and Recording Risks 16 Which of the following is a document that provides guidance on how a project is executed and controlled to ensure successful delivery of the project goals?  Resource plan  Risk management plan  Project plan  Work breakdown structure CONCEPT Project Planning 17 Lauren adds a vegetable garden to her already-extensive backyard gardens. She tends her vegetable garden with her collection of tools, which includes a shovel, a hoe, and a spade. She waters the garden with a sprinkler system connected to her well. Which item below is paid for by the budget for her project?  Water for plants  Shovel for digging  Tomato plants  Spade for planting CONCEPT Project Budgeting 18 Karen provided advice to the team working on creating a flavored water beverage since she worked on a similar project in the past. Karen was assigned which of the following RACI elements?  Consulted  Accountable  Informed  Responsible CONCEPT Responsibility Matrix 19 Which of the following should a project manager do to create a WBS?  Collaborate with experienced and knowledgeable individuals  Delegate the WBS creation to project team members  Use stakeholder expectations to sequence the activities  Obtain approval for each section of the WBS from the project sponsor CONCEPT Creating a WBS 20 Which of the following are considered only people project resources?  Project support staff, software developer, machinery  Equipment, project manager, vendors  Project manager, software, equipment vendor  Project support staff, software developer, equipment vendor CONCEPT Resource Planning 21 Which of the following components of a project plan is completed first?  Project schedule  Project budget  Work breakdown structure  Risk management plan CONCEPT Project Planning 22 Which of the following is not a method of creating a project budget?  Actual budgeting  Top-down budgeting  Roll-up budgeting  Comparison budgeting