PMP Study Group - Time Management Flashcards
To control the schedule, a project manager is reanalyzing the project to predict project duration. She does this by analyzing the sequence of activities with the least amount of scheduling flexibility. What technique is she using?
A. Critical path method
B. Flowchart
C. Precedence diagramming
D. Work breakdown structure
Subject: Time Management
Answer A
Explanation:
There are only two choices related to scheduling: critical path method and precedence diagramming. Precedence diagramming, however, is a diagramming technique that deals with the relationship between activities, not schedule flexibility. The project manager is analyzing the critical path.
A dependency requiring that design be completed before manufacturing can start is an example of:
A. Discretionary dependency.
B. External dependency.
C. Mandatory dependency.
D. Scope dependency
Subject: Time Management
Answer C
Explanation:
No mention is made that the dependency comes from a source outside the project, so this is not an external dependency. Scope dependency is not a defined term. The key word in the question is “requiring.” Since the dependency is required, it could not be discretionary and therefore must be mandatory. The question defines a mandatory dependency.
Which of the following are GENERALLY illustrated BETTER by bar charts than network diagrams?
A. Logical relationships
B. Critical paths
C. Resource trade-offs
D. Progress or status
Subject: Time Management
Answer D
Explanation:
The bar chart (or Gantt chart) is designed to show a relationship to time. This is best used when demonstrating progress or status as a factor of time.
If the optimistic estimate for an activity is 12 days, and the pessimistic estimate is 18 days, what is the standard deviation of this activity?
A. 1
B. 1.3
C. 6
D. 3
Subject: Time Management
Answer A
Explanation:
The beta standard deviation is computed by (P — O)/6. Therefore, the answer is (18 - 12)/6 = 6/6 =1. 4
A heuristic is BEST described as a:
A. Control tool.
B. Scheduling method.
C. Planning tool.
D. -Generally accepted rule.
Subject: Time Management
Answer D
Explanation:
A heuristic is a generally accepted rule. Examples are cost per line of code, cost per square foot of floor space, etc.
Lag means:
A. The amount of time an activity can be delayed without delaying the project finish date.
B. The amount of time an activity can be delayed without delaying the early start date of its successor.
C. Waiting time.
D. The product of a forward and backward pass.
Subject: Time Management
Answer C
Explanation:
Total float and free float are the time an activity can be delayed without impacting the entire project or the next activity. A forward or backward pass refers to a network analysis technique, not waiting time. Waiting time is the correct definition of lag.
Which of the following is the BEST project management tool to use to determine the longest time the project will take?
A. Work breakdown structure
B. Network diagram
C. Bar chart
D. Project charter
Subject: Time Management
Answer B
Explanation:
The bar chart may show an end date, but it is not used to determine dates. The project charter also may include a required end date, but not a logical determination of how long the project will take. The network diagram takes the activities from the activity list and adds dependencies. The dependencies allow us to look at the various paths through the diagram to determine the longest duration (critical) path. The network diagram is the best answer.
Which of the following is CORRECT?
A. The critical path helps prove how long the project will take.
B. There can be only one critical path.
C. The network diagram will change every time the end date changes.
D. A project can never have negative float.
Subject: Time Management
Answer A
Explanation:
This question tests your knowledge about a number of topics. There can often be more than one critical path, but you might adjust the plan in order to decrease risk and have only one critical path. The network diagram may or may not change when the end date changes, depending on the amount of schedule reserve and the reason for the change to the schedule. You can have negative float if you are behind schedule. The critical path helps prove how long the project will take. This is the only correct statement of the choices given.
What is the duration of a milestone?
A. It is shorter than the duration of the longest activity.
B. It is shorter than the activity it represents.
C. It has no duration.
D. It is the same length as the activity it represents.
Subject: Time Management
Answer C
Explanation:
A milestone represents the completion of a series of activities or work packages. Therefore, it takes no time of its own.
Which of the following BEST describes the relationship between standard deviation and risk?
A. There is no relationship.
B. Standard deviation tells you if the estimate is accurate.
C. Standard deviation tells you how uncertain the estimate is.
D. Standard deviation tells you if the estimate includes a pad.
Subject: Time Management
Answer C
Explanation:
An estimate can have a wide range and still be accurate if the item estimated includes identified risks. There is no such thing as a pad in proper project management. An estimate might be inflated, but it is a calculated reserve to account for risks, not arbitrary padding. The standard deviation tells you the amount of uncertainty or risk involved in the estimate for the activity.
The float of an activity is determined by:
A. Performing a Monte Carlo analysis.
B. Determining the waiting time between activities.
C. Determining lag.
D. Determining the length of time the activity can be delayed without delaying the critical path.
Subject: Time Management
Answer D
Explanation:
The total float of an activity is the length of time the activity can be delayed without delaying the critical path.
A project has three critical paths. Which of the following BEST describes how this affects the project?
A. It makes it easier to manage.
B. It increases the project risk.
C. It requires more people.
D. It makes it more expensive.
Subject: Time Management
Answer B
Explanation:
Though having three critical paths COULD require more people or cost more, the answer that is definitely and always true is that it increases project risk. Because you need to manage three critical paths, there is more risk that something could happen to delay the project.
If project time and cost are not as important as the number of resources used each month, which of the following is the BEST thing to do?
A. Perform a Monte Carlo analysis.
B. Fast track the project.
C. Perform resource optimization.
D. Analyze the life cycle costs.
Subject: Time Management
Answer C
Explanation:
Fast tracking affects both time and cost but may not help even out resource usage. Monte Carlo analysis and analysis of life cycle costs do not directly deal with resources. Resource optimization is the only choice that will definitely affect resources.
When is a milestone chart used instead of a bar chart?
A. Project planning
B. Reporting to team members
C. Reporting to management
D. Risk analysis
Subject: Time Management
Answer C
Explanation:
Both types of charts are used in project planning. Team members need to see details and so they need a bar chart rather than a milestone chart. Risk analysis COULD make use of both charts. A milestone chart is used instead of a bar chart for any situation where you want to report in a less detailed way. Since bar charts can scare people with their complexity and often show too much detail to be worthwhile on a management level, milestone charts are more effective for reporting to management.
Your project management plan results in a project schedule that is too long. If the project network diagram cannot change but you have extra personnel resources, what is the BEST thing to do?
A. Fast track the project.
B. Level the resources.
C. Crash the project.
D. Perform Monte Carlo analysis.
Subject: Time Management
Answer C
Explanation:
Leveling resources generally extends the schedule. Monte Carlo analysis does not directly address the constraints of this situation. To compress the schedule, you could either crash or fast track. However, the situation says that the network diagram cannot change. This eliminates the fast tracking option, leaving crashing the project as the best answer.