MGMT 404 Week 5 Quiz (Collection)

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Question: As the project manager identifies potential resources to work on the project, it is helpful to consider their professional disciplines, skill levels and their physical location. Question: W... hen constructing a responsibility matrix or “RACI” chart, it is important to ensure that only one person has primary accountability for any activity. Question: Critical chain project management is an alternate scheduling technique that modifies the project schedule by taking resource constraints into account. Question: Consider the RACI chart presented in Figure 8-1. Who is accountable for the data requirements? Question: RACI (Responsible, Accountable, Consult, Inform) charts go beyond a communication plan in that they identify every project activity and specify the exact involvement of each stakeholder. Question: Project managers should not lie to themselves or others regarding project costs. Question: The _________is the approved budget, usually in a time distribution format, that is used to estimate, monitor, and control the overall cost performance of the project. Question: On agile projects, project managers may use rolling wave planning to estimate costs. Question: Early in a project when very little detail is known about a project, it is impractical to render even a rough estimate of the final project cost. Question: The cost management plan provides guidelines to the project manager and other stakeholders and serves all of the following purposes EXCEPT: Question: Creating a realistic schedule is often an iterative process because several factors can limit how fast a project can be completed. All of the following factors can limit how fast a project can … scheduled and completed EXCEPT: Question: Consider the activity duration estimates … in Figure 7-5. Based on the information provided and adopting the PERT conventions to calculate … activity durations, what is the … duration of Activity D – “Package Item”? Question: A mandatory dependency is a logical relationship between activities that must happen – usually due to a physical or legal demand. Question: This term is defined as the total number of work periods (not including holidays or other non-work periods) required to complete a schedule activity, usually expressed as workdays or workweeks: Question: The schedule activity that determines when the logical successor activity can begin or end is called the _______: MGMT 404 Week 5 Quiz (Aug 2020) Question: Critical Chain Project Management (CCPM) attempts to keep the most highly demanded resource busy on critical chain activities, but not overloaded. Question: Critical chain project management is an alternate scheduling technique that modifies the project schedule by taking resource constraints into account. Question: When recruiting resources to support a project, it is helpful to bring core team members and key subject matter experts on board as early as possible, to help plan the project and develop the project culture. Question: The components (principles) of Critical Chain Project Management include which of the following? Question: Consider the RACI chart … in Figure 8-1. Who is accountable for the data requirements? Question: Cost estimating is … very closely with scope, schedule and resource planning. Question: What type of cost … overtime for workers and / or extra charges for rapid delivery from suppliers are necessary? Question: The documentation of a project cost estimate generally requires substantial supporting detail to include all of these EXCEPT: Question: Recurring costs tend to occur during project planning and closing while nonrecurring costs tend to occur during project execution. Question: Analogous estimating is the most …, time consuming and accurate way to estimate [Show More]

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