Predictive Approach

Question 1

As soon as it becomes obvious that the project will be delayed, what should the project manager do?

Answer 1

The project manager should notify the client and present them with new alternatives.

They should be honest and transparent about delays.

Question 2

Since requirements are fixed and deliverables will only be shipped at the end of the project, what type of approach should the project manager use?

Answer 2

Predictive approach

Question 3

What approach is characterized by a single delivery but has dynamic requirements?

Answer 3

The iterative approach.

Question 4

Which approaches involve frequent small deliveries?

Answer 4

Adaptive and incremental approaches.

Question 5

What refers to the value of the work accomplished to date?

Answer 5

Earned Value will show you the value that the project has produced.

Question 6

What estimating technique uses expert judgement by comparing a particular activity to a similarly completed one on a previous project in order to determine its duration or cost?

Answer 6

Analogous estimating technique relies on expert judgement.

Question 7

The work breakdown structure dictionary includes?

Answer 7

The WBS dictionary includes detailed information on work packages, such as descriptions, owners, prerequisites, successors, due dates, etc.

Question 8

What budget reserve is used for risks that were not identified during risk analysis, aka unknown-unknowns?

Answer 8

The management reserve.

Question 9

What budget reserve is used for identified risks with predetermined risk response strategies, aka known-unknowns?

Answer 9

A contingency reserve.

Question 10

It is the responsibility of functional managers to?

Answer 10

Manage staff assignments.

Question 11

The project manager should provide ________ to make sure that functional managers are aware of when and what resources is needed for the project.

Answer 11

Resource calendars.

Question 12

What estimate is an estimation of the needed effort and cost to complete a project?

Answer 12

A Rough Order of Magnitude Estimate (ROM estimate), a ROM estimate is performed very early in a projects life cycle; during the project selection and approval period and prior to project initiation in most cases.

Question 13

If a project has more than one critical path, then …

Answer 13

then all critical paths must have exactly the same length.

Question 14

What planning method is used to decompose and subdivide the project scope deliverables into more manageable, small work units?

Answer 14

Scope decomposition

Question 15

Crashing the schedule involves, what?

Answer 15

Compressing it by adding more resources to the project.

Question 16

Fast-tracking implies, what?

Answer 16

Performing originally sequential activities in a simultaneous way instead.

Question 17

Within a predictive approach, the ________ is the basis for cost estimation.

Answer 17

WBS

Question 18

_________ is a project planning method that consists of a gradual elaboration of details to the WBS over time.

Answer 18

Rolling Wave planning allows work to progress on current and near-term deliverables while the planning for potential work packages continues.

Rolling Wave method is used to address uncertainty rather than prioritizing, organizing or sequencing activities.

Question 19

________ is a technique used at the end of a project or phase in order to identify any deviation in deliverables or difference between actual and planned behaviors.

Answer 19

Variance analysis

Question 20

________ represent an opportunity for project stakeholders to review project progress along with planned future actions.

Answer 20

Stage-gate or phase review meetings

Project stakeholders can assess whether or not the project is on track to meet the organization’s expectations.

Question 21

________ are limiting factors for your project that can impact delivery, quality, and overall project success.

Answer 21

Project constraints

An imposed delivery date or a predefined budget are considered project constraints.

Question 22

_______ acknowledges the existence of a threat, but no proactive action is taken.

Answer 22

Risk acceptance.

Question 23

____ involves no proactive action apart from a periodic. Review of the threat to ensure that it does not change significantly

Answer 23

Passive acceptance.

Question 24

______ is an unplanned response to deal with unidentified risks and risks that are passively accepted.

Answer 24

A workaround.