Deck 7 Flashcards

1
Q

Payback period is calculated by

A

Estimating the amount of time until the initial investment is repaid

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the inputs to the develop project charter process?

A
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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

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

A

lag time for flooring

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

The estimate activity resources is closely coordinated with the ___ process.

A

estimate costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What are the five tools and techniques of the acquire project team process?

A
Pre-assignment
Negotiation
Multicriteria decision analysis
Virtual teams
Acquisition
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

On any network path, total float is the

A

amount of time an activity can be delayed without delaying the project end date or violating a scheduling constraint.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

If any activity is on the critical path, the total float for that activity is

A

zero

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Which of the following is least likely to be attributed as a benefit of managing stakeholder expectations?

A

gold plating is controlled

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What does a NPV of zero represent when determining the value of an investment or project adds to the organization?

A

Break-even

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

The monitor and control project work process receives an input from the control communications process in what form?

A

Work performance information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Which of the following tools and techniques are not used during the perform quality assurance process?

A

forecasting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What are the four techniques of group decision-making?

A

plurality
unanimity
dictatorship
majority

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

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?

A

Observation and conversation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

A PM has just completed Quantitative Risk Analysis. What activity should be performed next as a part of project risk management?

A

Plan risk response strategies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Your potential vendor doesn’t speak English and you can’t find out technical information/ What should you do next?

A

Call an outside electronics design expert to provide assistance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

To bring the identified quality defects back in line with the specifications, which document or process would you initiate?

A

change request

17
Q

True or false: change requests are entered into the issue log.

A

False

18
Q

On any network path, the schedule flexibility is measured by the amount of

A

Total float

19
Q

In developing the project charter, which of the EEFs should be considered?

A

Geographic distribution of facilities

20
Q

What are the two outputs of close procurements process?

A

Closed procurements

OPA updates

21
Q

What are the two outputs of close project or phase process?

A

final product, service or result transition

OPA updates

22
Q

To analyze the relationship between the consumption of project funds and the physical work being accomplished for the expenditures, what should be completed BEFORE you can do this?

A

Project funding requirements

23
Q

The business case relates to the project charter as the ___ relates to the ___.

A

Project charter: stakeholder register