Question 31
If EV = $300, AC = $400, and the project budget is $1,000, what is the estimated final cost of the project (this is known as EAC, estimate at complete)?
a. $750
b. $1,000
c. $1,250
d. $1,333
Question 32
Which of the following is a scope planning tool?
a. Benefit/cost analysis
b. WBS
c. Earned Value analysis
d. Fast tracking
Question 33
In resource planning, one of the issues that needs to be considered is:
a. Staff empowerment
b. Technical requirements of the project
c. Theory X management principles
d. Theory Y management principles
Question 34
The bottom-most level of the WBS -- the level at which project budget and schedule data are captured -- is called:
a. Work package
b. Code of accounts
c. Budget baseline
d. Change control level
Question 35
Scope creep means:
a. Needs emergence and identification
b. Uncontrolled changes to a project's requirements during project execution
c. Migration of project needs to requirements
d. Imprecise scope statement
Question 36
Configuration management is a:
a. Methodology for working closely with customers by developing and updating requirements for faster response to changing customer needs
b. Methodology for ensuring that requirements evolve with evolving customer requirements
c. Methodology for specifying requirements at the outset and for controlling very tightly any changes to them
d. Methodology for specifying requirements at the outset and for facilitating any changes to them with minimum customer input
Question 37
Rapid prototyping is a methodology for:
a. Specifying requirements at the outset and for controlling very tightly any changes to them
b. Specifying requirements at the outset and for facilitating later changes to them with minimum customer input
c. Triggering early warning of unauthorized changes to the original prototype to enable project management to take remedial actions
d. Working closely with customers by creating and updating prototypes that respond to customer input
Question 38
Ensuring a one-to-one correspondence between specification items and general design items is a feature of:
a. Scope statement definition
b. WBS construction
c. Rapid prototyping ?
d. Configuration management
Question 39
Under what conditions may a project manager accept a change request?
a. If the request has no effect on project objectives, deadlines, or resources.
b. If the request has no effect on project objectives, although it has effects on deadlines and resources
c. If the request is coming from a valued customer
d. If the request is from the Chief Executive Officer
Question 40
Which of the following is not an activity carried out during project closeout?
a. Reassignment of project staff
b. Preparation of the project's baseline
c. Reassignment of material resources
d. Preparation of user manuals
Question 41
When crashing a project, we typically choose critical path tasks whose costs of crashing are highest.
True
False
Question 42
The astute project manager typically uses only one management style in order not to confuse his/her teammates.
True
False
Question 43
Concurrent engineering involves overlapping tasks and phases to accelerate a project's schedule.
True
False
Question 44
A work package is to be found at the summary level of the WBS.
True
False
Question 45
Milestones, like tasks, consume resources.
True
False
Question 46
In project management, the level of uncertainty plays a major role in determining the adequacy of a project plan.
True
False
Question 47
Using working time or elapsed time to calculate the time it will take to complete a task produces the same results.
True
False
Question 48
Needs recognition is the first stage of the needs-requirement life cycle.
True
False
Question 49
Functional requirements provide us with detailed technical specifications.
True
False
Question 50
A key objective of change control in configuration management is to keep track of actions taken in response to change requests.
True
False
Question 51
Under rapid prototyping (also called application prototyping), the customer actually sees and works with the deliverable as it evolves.
True
False
Question 52
There is a definite link between the level of risk an enterprise encounters and project time frame.
True
False
Question 53
When we have objective data on the probability of an event, we are involved with decision making under certainty.
True
False
Question 54
The Theory X approach to managing workers is a classic example of a top-down view of how people should be managed.
True
False
Question 55
A laissez-faire management style may lead to a ship without rudder syndrome.
True
False
Question 56
An objective of prototyping is to minimize life-cycle cost.
True
False
Question 57
A modern view in Human Resource Management is that positive motivation results from an opportunity to achieve and experience self-actualization.
True
False
Question 58
Confidence in the accuracy of a cost estimate increases when top-down and bottom-up estimates converge.
True
False
Question 59
Internal Rate of Return (IRR) is the discount rate that sets the present value of cash outflow equal to the present value of cash inflow.
True
False
Question 60
A project can be terminated prematurely because the original objectives may no longer be valid.
True
False
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