PM cards 10th 20

Question 1

The roles and responsibilities document is part of what plan?

Answer 1

The resource planning phase of the planning group process.

Question 2

What is a project organization chart?

Answer 2

it provide a snapshot of who is working on the project, but it also shows the reporting structure.

Question 3

What is the staffing management plan?

Answer 3

Documents when and how human resources will be added to and released from the project team and what they will be working on while they are part of the team.

Question 4

What occurs during the staff acquisition process?

Answer 4

you’ll choose the team members (or organizations) who will work on the project.

Question 5

What is procurement planning?

Answer 5

the process of identifying the goods and services required for your project that will be purchased from outside the organization.

Question 6

The ____________ details the goods or services you want to procure.

Answer 6

Statement of Work

Question 7

What are the two components of Human Resources Planning?

Answer 7

Organizational Planning amd Staff Acquisitions

Question 8

Analogous estimating is also known as?

Answer 8

Top-Down Estimating.

Question 9

Cost estimating occurs during which of the five process groups?

Answer 9

Planning Process Group

Question 10

What is the least accurate of all the cost estimating techniques?

Answer 10

Top-down estimating.

Question 11

What cost estimating technique is best to use in the beginning planning stages of any project?

Answer 11

Top-down estimating.

Question 12

What is bottom-up estimating?

Answer 12

It assigns a cost estimate to each work package on the project.

Question 13

What is the most accurate type of cost estimating?

Answer 13

Bottom-up estimating.

Question 14

What is work effort?

Answer 14

The total time it will take for a person to complete the task if they do nothing else from the time they start until the task is complete.

Question 15

A work effort estimate is also referred to as a ________________.

Answer 15

Person-hour estimate.

Question 16

In a bottom-up estimate the total cost of each task is figured by multiplying __________ by ____________.

Answer 16

Work Effort by Rate

Question 17

What is the Cost Budgeting Process?

Answer 17

The process of aggregating all the cost estimates and establishing a cost baseline for the project.

Question 18

What is the cost baseline?

Answer 18

The total expected cost for the project.

Question 19

The __________ is used throughout the remainder of the project to measure the overall cost performance.

Answer 19

cost baseline

Question 20

The ____________ is used to track the actual expenses incurred against the estimates.

Answer 20

Project Budget

Question 21

Project budgets are usually broken down by specific _______________ that are defined by the accounting department.

Answer 21

cost categories

Question 22

Salary, hardware, software, travel, training, and materials are examples of __________________ used in project budgets.

Answer 22

specific cost categories

Question 23

What is a contingency reserve?

Answer 23

a certain amount of money set aside to cover costs resulting from possible adverse events on the project.

Question 24

A contingency reserve is usually a ____________ of the total project cost.

Answer 24

percentage

Question 25

What is a management reserve?

Answer 25

An amount set aside by upper management to cover future situations that can’t be predicted.

Question 26

The contingency reserve is usually under the discretion of the _______________, while the management reserve is under the discretion of __________________.

Answer 26

project manager, upper management

Question 27

Management reserves (are/are not) part of the project budget or cost baseline.

Answer 27

are not

Question 28

All future expenditures and variances will be measured against _____________.

Answer 28

the cost baseline

Question 29

What is quality planning?

Answer 29

the process of identifying quality standards that are applicable to your project and determining how your project will meet these standards.

Question 30

The four most common quality tools and techniques are?

Answer 30

Cost-benefit analysis, benchmarking, flowcharting, and cost of quality

Question 31

What is cost of quality?

Answer 31

The total cost of all the work required to assure the project meets the quality standards.

Question 32

The three types of costs associated with quality are?

Answer 32

Prevention, Appraisal and Failure.