DIVISION 4 QUESTIONS Flashcards
IN PROJECT MANAGEMENT, RAM STANDS FOR
RESOURCE ASSIGNMENT MATRIX
A SIX-MONTH PROJECT YOU ARE ABOUT TO UNDERTAKE HAS A 10% CHANCE OF A RISK OCCURING IN ANY GIVEN MONTH. WHAT IS THE CHANCE THAT THE RISK WILL OCCUR DURING THE 5TH MONTH?
10%
THE RFP, COST ESTIMATES, SOURCE SELECTION CRITERIA, AND “SOW” ARE ______
PROCUREMENT DOCUMENTS
YOUR TEAM IS NOT GOING TO BE ABLE TO MEET A SOFTWARE INSTALLATION DEADLINE IN YOUR PROJECT. WHAT SHOULD YOU DO INTERNALLY ?
GENERATE A CHANGE REQUEST FOR CORRECTIVE ACTION
YOU WERE ALLOTTED $50,000 TO COMPLETE AN ACTIVITY FOR YOUR PROJECT. ACCORDING TO THE SCHEDULE, YOU SHOULD HAVE SPENT $25,000 FOR THE WORK PERFORMED TO THIS POINT, BUT YOU HAVE ONLY SPENT $22,250. WHAT IS THE PLANNED VALUE (PV)
$25,000
WHEN A CHANGE REQUEST IS APPROVED THROUGH THE INTEGRATED CHANGE CONTROL PROCESS, IT IS IMPLEMENTED THROUGH THE ____ PROCESS.
DIRECT AND MANGE PROJECT WORK
IN REVIEWING POSSIBLE FUNDING MECHANISMS FOR YOUR PROJECT, YOU MAY DECIDE TO USE AN ______ TO GENERATE SOME USEFUL INFORMATION FOR THE OVERALL COST MANAGEMENT PLAN
ALTERNATIVE ANALYSIS
THE PROJECT MANAGER’S AUTHORITY IS FORMALIZED WHEN THE ____ IS APPROVED
PROJECT CHARTER
A TOOL / TECHNIQUE THAT IS USEFUL DURING THE MONITORING / CONTROL PHASE OF THE PROJECT IS ______
INSPECTION
TO DETERMINE WHETHER THE PROJECT SCHEDULE IS STILL ON TRACK, THE PROJECT MANAGER MIGHT DECIDE TO COMPARE THE ACTUAL PROGRESS TO THE PREDICTED PROGRESS ALONG THE ____ ?
CRITICAL PATH
YOUR PROJECT IS FALLING BEHIND SCHEDULE AND YOU NEED TO BRING IT BACK INTO ALIGNMENT WITH YOUR SCHEDULE BASELINE. YOU DECIDE TO BRING IN THE EXTRA RESOURCES TO ACCOMPLISH THE WORK FASTER. THIS TECHNIQUE IS CALLED ____ .
CRASHING
WHILE PERFORMING COST CONTROL ACTIVITIES, THE LEAST HELPFUL INFORMATION WOULD BE
THE SCHEDULE BASELINE
THE COST CONTROL PROCESS CAN INCLUDE THE FOLLOWING PROCESSES
- COST MANAGEMENT PLAN
- COST BASELINE
- PERFORMANCE MEASUREMENT BASELINE
- LESSONS LEARNED REGISTER
- PROJECT FUNDING REQUIREMENTS
- WORK PERFORMANCE DATA
- EXISTING COST CONTROL ORGANIZATIONAL PROCESS ASSETS
THE PROJECT MANAGER MONITORS USING THE CONTINGENCY AND MANAGEMENT RESERVES USING A ____ TO DETERMINE WHETHER THEY ARE SUFFICIENT TO COVER RISK RESPONSES.
RESERVE ANALYSIS
THE LOGISTICS DEPARTMENT IS NOT MAINTAINING AN ADEQUATE STOCK OF SUPPLIES LIKE PAPER AND TONER FOR YOUR PROJECT STAFF. WHAT SHOULD YOU DO?
TALK TO THE LOGISTICS DEPARTMENT MANAGER TO FIND THE PROBLEM AND A VIABLE SOLUTION
_____ DETERMINES WHETHER THE DELIVERABLE IS COMPLIANT WITH THE PROJECT GOALS AND OBJECTIVES.
QUALITY CONTROL
FREQUENCY DATA, LIKE DEFECTS PER PROCESS, ARE BEST DISPLAYED GRAPHICALLY BY A ____
HISTOGRAM
AS THE NUMBER OF REJECTIONS HAS GONE DOWN EACH MONTH LISTED ON THE CHART, SO IT SHOWS THE DECREASED AMOUNT OVER TIME
.
CRASHING A PROJECT MEANS TO
FIND PROCESSES THAT CAN BE IMPLEMENTED IN PARRALLEL INSTEAD OF CONSECUTIVELY AND CRASHING IT OR APPLY MORE RESOURCES TO THEM.
THE PLANNED VALUE OR “PV” IS THE AMOUNT AUTHORIZED IN THE BUDGET FOR A SCHEDULED WORK
.
THE PARETO PRINCIPLE STATES THAT 80% OF THE EFFECTS ARE FROM 20% OF THE CAUSES, FOR EXAMPLE, 80% OF PRODUCTS DEFECTS ARE FROM 20% OF THE PROCESSESS
.
MANAGING PROJECT KNOWLEDGE INVOLVES LEVERAGING EXISTING KNOWLEDGE TO SUPPORT THE PROJECT OUTCOMES AND CREATING NEW KNOWLEDGE TO SUPPORT FUTURE PROJECTS
.
THE PROJECT MANAGER NEEDS TO FIND OUT WHO SHOULD RECEIVE A REPORT ON THE METRICS OBTAINED FROM A QUALITY CONTROL REVIEW, SO SHOULD LOOK IN THE _____
QUALITY MANAGEMENT PLAN
THE QUALITY MANAGEMENT PLAN ESTABLISHES WHAT?
THE QUALITY STANDARDS AND PROCEDURES FOR QUALITY DATA, INCLUDING THE FORMAT FOR RECORDING THE DATA ADN DETAILS ON SHAREING THE MEASUREMENTS AND RESULTS.
____ MONITORING IS THE MOST EFFECTIVE AT DISCOVERING PROBLEMS QUICKLY
CONTINUOS
