June 1 of 2

Question 1

What does crashing the schedule add? Cost or resources

Answer 1

Both, but if you have to chose 1, Resources.

Question 2

RFI vs RFA vs RFQ vs RFP

Answer 2

RFI - a preliminary document used by companies that don’t understand the marketplace. It does not have details RFA Fake term RFQ (quotation) more info needed on how vendors would satisfy the requirements RFP Most formal of bid document types and has strict procurement rules for content, timeline, and seller responses.

Question 3

What would you use to make a decision when you have possible options to choose, you have probability % and amounts $ of impact

Answer 3

Decision tree analysis QUANTITATIVE RISK

Question 4

________ IS a Networking technique that allows probabilistic treatment both network logic and estimation of activity duration. features on probabilistic benchmarking, network looping, multiple sink notes, multiple node realization

Answer 4

GERT which is Graphical Evaluation and Review Technique)

Question 5

Who closes a procurement contract? a. The stakeholders b. The seller c. The sponsor d. The project Manager e. None of the above And, how is the notification provided?

Answer 5

Answer. e. BECAUSE IT IS THE BUYER The buyer by a written notice

Question 6

What are the 5 processes in COST management?

Answer 6

1. Plan 2. Estimate cost 3. Determine the budget 4. Control Costs.

Question 7

What are the characteristics of Organizational systems?

Answer 7

• Provides structure and Governance, - Tells you how to get the work done - System and components Can NOT be optimized at the same time

Question 8

Tools for Qualitative Risk Analysis (4)

Answer 8

11.3.2.3 Assessment of other risk parametrs - 11.3.2.3 Risk data quality assessment - 11.3.2.3 Risk probability and Impact assessment - 11.3.2 Risk Categorization

Question 9

What is the objective of the bidder conference

Answer 9

Ensure that the prospective sellers have the same information from the project which they can use to prepare their proposals.

Question 10

__________ is a technique in which the actual values of the work related performance is measured for any and all particular work components and of schedule activities, control accounts, and projects.

Answer 10

EVT Or Earn value technique

Question 11

In which process is the Kick-off specifically (for longer projects)

Answer 11

In Stakeholder management plan, that this is the last process to be executed.

Question 12

_______ IS Specialized type of meeting used on projects with an Agile framework. objective - review progress, review performance Attendees - Key stakeholders

Answer 12

Iteration retrospective

Question 13

Situation. In the closing phase. The client says that a design component is missing. what document would you choose to review this claim? between A. Charter B. Scope baseline C. Requirement documentation D. Requirement Tracability Matrix.

Answer 13

Scope baseline, This is the only document that can be used to compare planned vs actual scope delivered Scope baseline includes = Approved SCOPE statement, the WBS and WBS dictionary.

Question 14

Motivational theory question: _______ Some believe that People would work harder if they are monitored.

Answer 14

Hawthrone effect

Question 15

What is the process that identifies the items that need to be procured?

Answer 15

Procurement management plan process

Question 16

• AON DIAGRAM IS _____

Answer 16

PDM,

Question 17

________ is a document that has information on whether to include RENT/UTILITIES on the budget of the project What is the INPUT and OUTPUT process for this document

Answer 17

Basis of estimates OUTPUT of Estimate activity duration INPUT to Determine the budget.

Question 18

What is vendor differential analysis?

Answer 18

Fake up Term. The closest one would be source selection analysis in Plan procurement process alongside Make or buy

Question 19

Is Risk audit executed on every CR

Answer 19

No. Risk audit is a tool for monitor risk process to assess the effectiveness of the risk management process.

Question 20

Motivational theories Therory Z vs Theory Y?

Answer 20

Z – People are motivated for Interesting work and influence Y – They are self-motivated and will work if empowered to do so.

Question 21

what is quality assurance?

Answer 21

ensures that process are used effectively. this is part of manage quality

Question 22

Requirement vs Scope

Answer 22

The requirement is a condition or capability that is necessary to be present in a product, service. The scope is the sum-product, services, and results to be provided as a project

Question 23

True or False Requirements documentation have the project Objectives

Answer 23

FALSE

Question 24

Can vendors initiate a CR

Answer 24

Yes. The change management plan should contain information on how seller-requested changes will be processed

Question 25

________ refers to the actual methodology of management in which the project management team embarks in the process of integrating the scope, the schedule, and the resources that are determined to be needed in the process of making an objective measurement of the progress that has taken place to date on a project

Answer 25

EVM Or Earn value managment

Question 26

What theory describes that people are motivated when needs such as food/water/sleep must be met before, $, recognition and social relationships?

Answer 26

Maslow’s Maslows

Question 27

what does manage quality process include

Answer 27

Quality assurance + process improvement / Project design

Question 28

What can be included in the source selection criteria

Answer 28

The source selection criteria may include but are not limited to: 1. Capability and capacity; 2. Product cost and life cycle cost; 3. Delivery dates; 4. Technical expertise and approach; 5. Specific relevant experience; 6l. Adequacy of the proposed approach and work plan in responding to the SOW; 7. Key staff’s qualifications, availability, and competence; Financial stability of the firm; experience.