Exam 2 Flashcards
Accountants usually define ____ as a resource sacrifice or foregone to achieve a specific objective.
a. money
b. liability
c. trade
d. cost
d
What is the main goal of project cost management?
a. to complete a project for as little cost as possible
b. to complete a project within an approved budget
c. to provide thrutful and accurate cost information on projects
d. t oensure that an organization’s money is used wisely
b
Which of the following is not an output of the project cost management process called “estimating costs”, according to the OMBOK Guide?
a. activity cost management
b. a cost baseline
c. basis of estimates
d. project documents updates
b
If a company loses 5$ for every 100$ in revenue for a certain product, what is the profit margin for that product?
a. -5 %
b. 5 %
c. -5$
d. 5$
a
____ reserves allow for future situations that are unpredictable.
a. Contingency
b. Financial
c. Management
d. Baseline
c
You are preparing a cost estimate for a building based on its location, purpose, number of square feet, and other characteristics. What cost-estimate technique are you using?
a. parametric
b. analogous
c. bottom-up
d. top-down
a
____ involves allocating the project cost estimate to individual material resources or work items over time.
a. Reserve analysis
b. Life-cycle costing
c. Project cost budgeting
d. Earned value management
c
____ is a project performance measurement technique that integrate scope, time and cost data.
a. Reserve analysis
b. Life-cycle costing
c. Project cost budgeting
d. Earned value management
d
If the actual cost for a WBS item is 1 500$ and its earned value is 2 000$, what is the cost variance, and is it under or over budget?
a. -500$, over
b. -500$, under
c. 500$, over
d. 500$, under
d
If a project is halfway completed, its schedule performance index is 100%, and its cost performance index is 95%, how is it progressing?
a. Ahead of schedule and under budget
b. Ahead of schedule and over budget
c. Behind of schedule and under budget
d. Behind os schedule and over budget
b
Which of the following is not part of project human resource management?
a. resource estimating
b. acquiring the project team
c. developing the project team
d. managing the project team
a
___ causes people to participate in an activity for their own enjoyment.
a. Intrinsic motivation
b. Extrinsic motivation
c. Self motivation
d. Social motivation
a
At hte bottom of Maslow’s pyramid or hierarchy of needs are ____ needs.
a. self-actualization
b. esteem
c. safety
d. physiological
d
According to MCClelland’s acquired-needs theory, people who desire harmonious relations with other people and need to feel accepted have a high ____ need.
a. social
b. achievement
c. affiliation
d. extrisic
c
____ power is based on a persons individual charisma.
a. Affiliation
b. Referent
c. Personality
d. Legitimate
b
A ____ maps the work of a project, as described in the WBS, to the people responsible for performing the work.
a. project organizational chart
b. work definition and assignment process
c. resource histogram
d. responsibility assignment matrix
d
A staffing management plan often includes a resource ____, which is a column chart that shows the number of resources assigned to the project over time.
a. chart
b. graph
c. histogram
d. timeline
c
What technique can you use to resolve resource conflicts by delaying tasks?
a. resource loading
b. resource leveling
c. critical path analysis
d. overallocation
b
What are the five stages in Tuckman’s model of team development, in chronological order?
a. forming, storming, norming, performing, and adjourning
b. storming, forming, norming, performing, and adjourning
c. norming, forming, storming, performing, and adjourning
d. forming, storming, performing, storming, and adjourning
a
Which of the following is not a tool or technique for managing project teams?
a. observation and conversation
b. project performance appraisals
c. conflict management
d. Social Styles Profile
d