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Flashcards in Planning Test 3 Deck (100)
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1

Decomposition includes

validating the RBS
structuring the WBS
Recomposing the WBS
all of the above

structuring the WBS

2

________ is a controlled application aimed at finding and eliminating unnecessary costs within a project.

Quality control
Auditing
Value engineering
Budget identification

Value engineering

3

Replanning involves

modifying the WBS and WBS dictionary.
updating components of the project management plan.
revising the project scope statement.
all of the above.

modifying the WBS and WBS dictionary.
updating components of the project management plan.
revising the project scope statement.
all of the above.

4

A Gantt chart is:

seldom used.
only used when the project is behind schedule.
a graphic display of schedule-related information.
a textual display of schedule-related information.

a graphic display of schedule-related information.

5

The project team uses the _______ analysis to compare different scenarios, such as, delaying a major component delivery or introducing external forces.

what-if scenario
critical path method
critical chain
resource leveling

what-if scenario

6

The parametric estimating formula the project management team uses to calculate activity durations is:

The quantity of work to be performed multiplied by the productivity rate.
The total resource quantities multiplied by the labor hours per work period.
The production capability per work period, divided by the quantity of those resources applied.
any of the above.

any of the above.

7

Project teams can choose to incorporate additional time into the project schedule. These additions are referred to as

buffers.
contingencies.
reserves.
all of the above.

all of the above.

8

What Estimate Activity Duration tool is used to estimate activity durations as accurately as possible?

Expert judgment and prior project activity durations.
Historical information and recommended maximum activity durations from similar past projects.
Past duration estimate information.
All of the above.

All of the above.

9

The type of estimate that three-point estimates are based on is:

most likely
optimistic, pessimistic, and most likely
least likely
definitive

optimistic, pessimistic, and most likely

10

Tailoring considerations in schedule management include

life cycle approach
resource availability
technology support
all of the above

all of the above

11

The contingency reserve is:

Budget, labor, or funds added to the project estimate.
Time added to the estimate in place of funds.
Time and labor added to offset project risk.
A percentage of estimated activity duration.

A percentage of estimated activity duration.

12

Activity duration estimates that consider the amount of relative risk involved in the original estimate are:

milestone estimates.
panoramic estimates.
three-point estimates.
dynamic estimates.

three-point estimates.

13

A ______ is a graphical representation of the project schedule that shows the planned start- and end-dates, and actual progress for a variety of project tasks using horizontal lines, or bars.

milestone chart
CPM
bar chart
network diagram

bar chart

14

_______ is an iterative process that helps determine planned project start- and end-dates.

Project development
Schedule development
Schedule management
Scope management

Schedule development

15

The _______ scheduling technique is designed to control project time and cost using estimated activity time.

schedule compression
critical path method
critical chain method
resource leveling

critical path method

16

Estimating the basis for activity durations quantitatively is

optimistic analysis.
three-point estimating.
parametric estimating.
analogous estimating.

parametric estimating.

17

Analogous estimating is based on

Similar past schedule activity.
The resource calendar.
The particular project baseline.
Activity lists.

Similar past schedule activity.

18

From a Gantt (bar) Chart, if project TASK A begins on Tue, March 6 and takes 14 working days to complete, TASK B begins on Thur, March 8 and takes 12 working days to complete and TASK C begins on Fri, March 9 and takes 15 days to complete but only 11 total working days to complete, which project task is the last to complete on the project schedule? (HINT: Working days run Monday - Friday).

Task A.
Task C.
Task A & B complete at the same time.
All tasks complete at the same time.

All tasks complete at the same time.

19

Tools used in schedule development include:

critical path method
gannt method
resource insertion
none of the above

critical path method

20

______ exclusively identifies the scheduled start or completions of major deliverables and key external interfaces.

A milestone chart
CPM
A bar chart
A network diagram

A milestone chart

21

______ estimating is used to determine activity durations when there is limited detailed project information.

Reserve analysis
Attribute
Analogous
Activity resource

Analogous

22

_______ is a scheduling technique that employs a scheduling model and generates the project schedule

Schedule network analysis
Schedule compression
Resource leveling
Milestone scheduling

Schedule network analysis

23

The benefit of performing Qualitative Risk Analysis is:

once performed, there is no need to repeat the process.
It provides a good foundation for updating the impact matrix.
It is a quick and cost-effective means of prioritizing.
It provides a risk urgency assessment.

It is a quick and cost-effective means of prioritizing.

24

_______ uses Monte Carlo simulation and decision tree analysis to analyze the effects of prioritized risk events.

Qualitative risk analysis
Quantitative risk analysis
Risk response planning
Risk monitoring and control

Quantitative risk analysis

25

Non-event risks are an example of

tailoring considerations for risk management
agile adaptations for risk
trends in project risk management
histograms

trends in project risk management

26

The data gathering and representation interviewing technique used to quantify the probability and impact of risks on project objectives uses information that depends on

optimistic scenarios.
pessimistic scenarios.
the type of probability distributions that will be used.
means and standard deviations.

the type of probability distributions that will be used.

27

The _______ investigates the potential positive as well as negative effects on a project objective such as time, cost, scope or quality.

probability distribution
risk impact assessment
probability and impact matrix
risk data quality assessment

risk impact assessment

28

Each risk is evaluated for its importance and priority for attention by looking it up on the

probability distribution.
risk data quality assessment.
probability and impact matrix.
risk impact assessment

probability and impact matrix.

29

The _______ requires unbiased and accurate data. The analysis of data involves examining the accuracy, quality, reliability, and integrity of the risk data.

risk categorization analysis
risk impact assessment
risk urgency assessment
risk data quality assessment

risk data quality assessment

30

Inputs that are included in the risk management plan for qualitative risk analysis include:

Stakeholders' risk tolerances
Root causes of risk.
List of potential responses and who performs them.
Updated risk categories.

Stakeholders' risk tolerances