Deck 7 Flashcards
Payback period is calculated by
Estimating the amount of time until the initial investment is repaid
What are the inputs to the develop project charter process?
using expert judgment develop high level requirements high-level risks document project approval requirements criteria for project success business case OPAs
PM Plan is NOT used
A project requires laying concrete slabs for the construction of the roofs and floors. You must cure the concrete for at least three days before you can apply the flooring. This is an example of
lag time for flooring
The estimate activity resources is closely coordinated with the ___ process.
estimate costs
What are the five tools and techniques of the acquire project team process?
Pre-assignment Negotiation Multicriteria decision analysis Virtual teams Acquisition
On any network path, total float is the
amount of time an activity can be delayed without delaying the project end date or violating a scheduling constraint.
If any activity is on the critical path, the total float for that activity is
zero
Which of the following is least likely to be attributed as a benefit of managing stakeholder expectations?
gold plating is controlled
What does a NPV of zero represent when determining the value of an investment or project adds to the organization?
Break-even
The monitor and control project work process receives an input from the control communications process in what form?
Work performance information
Which of the following tools and techniques are not used during the perform quality assurance process?
forecasting
What are the four techniques of group decision-making?
plurality
unanimity
dictatorship
majority
As a PM, you are expected to monitor the project team’s progress toward project deliverables, accomplishments that are a source of price for team members and interpersonal issues. What tool and technique is this behavior describing?
Observation and conversation
A PM has just completed Quantitative Risk Analysis. What activity should be performed next as a part of project risk management?
Plan risk response strategies
Your potential vendor doesn’t speak English and you can’t find out technical information/ What should you do next?
Call an outside electronics design expert to provide assistance