Project Management Quiz 1 Flashcard

Front

What process should be performed after the project charter is approved in a project investigating the feasibility of constructing a dam for hydroelectric power?

Back

Identify Stakeholders

Front

What is not a TRUE statement about Risk?

Back

Risk planning is reactive.

Front

When should a risk be avoided?

Back

When the risk event is unacceptable -- generally one with a very high probability of occurrence

Front

CCTV project values: PV = $24,000, AC = $27,000, EV = $25,000. Report the project status.

Back

Ahead of schedule and over budget.

Front

What is NOT a permanent solution to resolve dizziness and nausea during camera installation at Marina Bay Sands Casino? Options: Wear mask and conduct the installation, Good building material and surface finishes, Proper design of air conditioning and mechanical ventilation, Conduct regular periodic maintenance of AHU and air sampling check.

Back

Wear mask and conduct the installation

Front

Given table 7 determine the Critical Path?

Back

Path A, C, D, E, G

Front

Determine the project duration with reference to table 7.

Back

24

Front

Given that the CCTV project for XXY Company is facing some issue in determining the duration required to complete the task. Given following values, determine the number of days or weeks required to complete the given task. The Project Manager with his vast experience has determine that optimistically this task requires at least 20 days, but he felt most likely it would take 18 days, pessimistically he felt that it would take 35 days.

Back

21.17

Front

Which of the following BEST define about the Net Present Value (NPV) decision rules?

Back

Accept the highest positive NPV and reject all negative NPVs.

Front

Advantage of PERT?

Back

Accounts for uncertainty and can contain more information