30 questions 2

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QUESTION 1

  1. After your team has successfully identified potential risks that could affect the project, what is the next step?

Mitigate risks

Assess identified risks

Decide how to respond to all risks

Create a risk breakdown structure

Create contingency plans

2.5 points

QUESTION 2

  1. This response is used to increase the potential effect of an identified Opportunity.

Exploit

Share

Accept

Enhance

2.5 points

QUESTION 3

  1. A Risk Response Matrix contains all of the following EXCEPT

Trigger.

Who is responsible.

Response.

Contingency plan.

When the risk will occur.

2.5 points

QUESTION 4

  1. The implications of an identified change need to be assessed by:

The Chief Fiscal Officer.

A person with expertise related to the change.

The authorizing project manager.

The primary project stakeholder.

2.5 points

QUESTION 5

  1. Which of the following is NOT involved in risk control?

Establishing contingency funds

Initiating contingency plans

Establishing a change control system

Watching for new risks

Executing the risk response strategy

2.5 points

QUESTION 6

  1. The initial step in the risk management process is to

Set aside budget funds for managing the risks.

Determine the level of acceptable risk.

Identify the risks.

Assess the risk potential.

Appoint a risk manager.

2.5 points

QUESTION 7

  1. An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a

Disaster.

Random chance.

Risk.

Hazard.

Bad luck.

2.5 points

QUESTION 8

  1. Adopting proven technology instead of experimental technology in order to eliminate technical failure would be an example of which risk response?

Retaining

Avoiding

Transferring

Ignoring

Mitigating

2.5 points

QUESTION 9

  1. Organizations use ________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk.

Contingency breakdown structures

Risk breakdown structures

Organizational breakdown structure

Risk assessment

Scenario analysis

2.5 points

QUESTION 10

  1. This response is used when an identified Opportunity is not actively pursued.

Share

Accept

Exploit

Enhance

2.5 points

QUESTION 11

  1. Regina’s boss has told her that her project is very important. If the critical path is delayed, she will be given whatever she needs to get it back on schedule. Her project is classified as ________ constrained.

Cost

Time

Performance

Quality

Resource

2.5 points

QUESTION 12

  1. Resource leveling or smoothing can have all the following results on a project EXCEPT

A longer project duration.

Lower peak resource demand.

Reduced fluctuations in resource demand.

A more sensitive network.

Reduced resource need over the life of the project.

2.5 points

QUESTION 13

  1. Which of the following is NOT one of the more common problems associated with scheduling multiproject resources?

Delays in one project causing delays in other projects

Overall schedule slippage

Decline in project quality

Resource bottlenecks

Inefficient resource utilization

2.5 points

QUESTION 14

  1. Splitting an activity can result in all of the following EXCEPT

A resource being moved from one activity to another and then back.

Possible startup and shutdown costs.

A better project schedule.

Activity work being placed on hold for a period until more resources are available.

More people working on the same activity.

2.5 points

QUESTION 15

  1. In a resource-constrained project the second priority in assigning resources is usually given to activities with the

Most slack.

Least slack.

Highest cost.

Lowest identification number.

Smallest duration.

2.5 points

QUESTION 16

  1. In a resource-constrained project, which of the following is most likely to be changed?

The budget

The completion date

Scope creep

Project quality

Resource levels

2.5 points

QUESTION 17

  1. Rachel is working on a project that technically allows three activities to be done at the same time. If they were to be implemented at the same time, she would need 5 contractors in order for the activities to be completed on time. There are only 3 available for her to use. This is an example of what type of constraint?

Equipment

Materials

Physical

People

Technical

2.5 points

QUESTION 18

  1. When deciding which staff to team-up to work on work packages, factors to consider are:

Years of working in the company.

Practical Experience.

Work habits.

All of these choices are correct.

2.5 points

QUESTION 19

  1. All of the following are types of resource constraints EXCEPT

Information.

People.

Materials.

Human.

Equipment.

2.5 points

QUESTION 20

  1. All of the following are benefits of scheduling resources before project implementation EXCEPT

Work packages can be time-phased.

The project completion date can be established.

It allows managers to share resources with other project managers if it is requested without negatively impacting their project.

It allows time for considering reasonable options if resource constraints do exist.

It ensures low network sensitivity.

2.5 points

QUESTION 21

  1. All of the following are disadvantages of scheduling overtime EXCEPT

Sustained overtime work by salaried employees may incur burnout.

Productivity is reduced the longer one is working.

More hours results in higher expenses if paying workers hourly.

Continued overtime can lead to a higher turnover rate.

Overtime is associated with additional costs of coordination and communication.

2.5 points

QUESTION 22

  1. Emily has recently learned that she needs to reduce the duration of her project to meet an imposed deadline. She has calculated the crash cost per unit and knows the maximum units each activity can be reduced. What is the next step?

Find the activity with the highest crash cost

Calculate the crash point

Calculate the optimum cost-time point

Find the activity with the lowest crash cost

Identify the critical path

2.5 points

QUESTION 23

  1. A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion. This is an example of reducing project duration caused by

Incentive contracts.

High overhead.

Imposed project deadlines.

Unforeseen project delays.

Time to market.

2.5 points

QUESTION 24

  1. Which of the following is NOT a technique for accelerating project completion when resources are not constrained?

Do it twice-first fast and then correctly

Compromise quality

Reduce project scope

Assign additional staff and equipment

Establish a core team

2.5 points

QUESTION 25

  1. When reducing project duration, the duration for a project that is optimal is at the point where

Direct costs equal indirect costs.

Indirect costs are the lowest.

Direct costs are the lowest.

Total project costs are the lowest.

The project changes from time-constrained to resource-constrained.

2.5 points

QUESTION 26

  1. According to Brooks’ Law, adding more people to a late project is most likely to have which of the following impacts?

Make the project slip further

Decrease team motivation

Keep the project from slipping any further

Lead to burnout

Get the project back on schedule

2.5 points

QUESTION 27

  1. As a project is crashed and project duration is reduced, direct costs typically

Decrease.

Become unreliable.

Increase.

Become unstable.

Stay the same.

2.5 points

QUESTION 28

  1. In selecting the best activity to crash you would first select the activity with the

Least steep slope.

Largest crash time.

Earliest start time.

Longest duration.

Most steep slope.

2.5 points

QUESTION 29

  1. The direct cost for completing an activity in the shortest time it can realistically be completed in is called its ________ cost.

Accelerated

Reserve

Expedited

Crash

Normal

2.5 points

QUESTION 30

  1. As a project is crashed and project duration is reduced, indirect costs typically

Decrease.

Stay the same.

Increase.

Become unstable.

Become unreliable.

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