Budgeting for effort is similar to budgeting for equipment in which of the following ways?
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Both can involve real and overhead costs.
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Both contain estimates identified when creating the project schedule.
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Both include all costs for labor.
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Both involve non-people resources.
2
Which piece of information below is included in a resource agreement?
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Dependencies
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Time estimates
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Contingencies
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Effort estimates
3
Which of the following are considered only people project resources?
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Project support staff, software developer, machinery
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Project manager, software, equipment vendor
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Equipment, project manager, vendors
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Project support staff, software developer, equipment vendor
4
Which of the following is not a method of creating a project budget?
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Roll-up budgeting
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Comparison budgeting
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Actual budgeting
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Top-down budgeting
5
Which of the following is true regarding project planning?
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Once a component is defined, it is not revisited again.
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Multiple components can be worked on at the same time.
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The project plan can be completed without including a communication plan.
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The work breakdown structure is completed last.
6
Which example describes the use of a Time and Materials contract?
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A homeowner pays a landscaping company an hourly rate to install plants he purchases from them.
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A homeowner pays the same monthly fee to a landscaping company regardless of how much work they perform.
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A homeowner pays a landscaping company for plants that were delivered to his home.
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A homeowner hires a landscaping company at a set price to design, provide, and install new plants in his front yard.
7
Which of the following refers to the degree of damage that a particular risk has in the overall project?
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Probability
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Contingency
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Cost
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Impact
8
All team members need to be included in determining time and effort estimates for which of the following reasons?
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The team members need to know these estimates to delegate tasks.
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Time and effort required is primarily dependent upon the project manager's expectations.
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Time and effort required is primarily dependent upon team members' expertise.
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The team members need to know these estimates to hire contractors.
9
In which of the following ways are activities different from tasks?
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Tasks are used for sequencing the project work.
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Activities are minor pieces of project work.
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Activities provide specificity regarding the project work.
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Tasks are subordinate to activities.
10
Which of the following individuals listed in the RACI has authority for project action approval?
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Informed
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Consulted
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Accountable
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Responsible
11
Leon started a project to design and create a new video game for the animation studio where he develops graphics and animations for video games and movies.
Which item below would be considered an overhead cost?
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Animations created for the game
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Packaging for the video game
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Research time to develop characters and stories
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Computers used by staff during the project
12
Which of the following correctly describes the purpose of a project dashboard?
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Identify dependencies
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Provide status updates
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Sequence activities
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Identify risks
13
Which of the following is true regarding sequencing?
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Tasks that have a logical sequence take less time to complete.
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Some tasks can be completed at the same time.
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Dependencies have little effect on a project timeline.
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All tasks in a project have a logical sequence.
14
Which of the following is true regarding the creation of a WBS?
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The deliverables are defined in the Resource Plan.
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The Sticky Note method is performed solely by the project manager.
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The Resource Plan is the basis for developing the WBS.
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Activities must be identified before tasks.
15
Which of the following is NOT covered during the Planning Approval meeting?
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Review of project budget
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List of all documented risks
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List of individual tasks
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List of needed resources
16
Which of the following is the longest string of dependent project activities required to complete a project in the shortest amount of time?
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Critical path
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Project schedule
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Resource estimate
•
Effort estimate
17
Which of the following risks may not prove to be true?
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Resource
•
Schedule
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Deliverable
•
Assumption
18
Which of the following provides a sequenced plan that estimates the time required to complete project activities and tasks?
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Resource plan
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Project plan
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Project schedule
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Communication plan
19
Which of the following describes the Actual budgeting method?
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Does not include overhead costs
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Considers historical budgets
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Estimates a value for each project activity
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Allows for cost overages
20
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?
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Consulted
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Accountable
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Informed
•
Responsible
21
Which of the following risks is considered bad but survivable?
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Medium probability
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High impact
•
High probability
•
Medium impact
22
Which statement describes the effort Joel used when he painted a room in his house?
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Joel allowed one week to purchase the paint, prep the room, and paint the room.
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Joel painted the room in three hours.
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Joel waited to paint the room until the spackling was done.
•
Joel hung the pictures after the paint dried.
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