Project Controls PC 12 Rev 04

Project Controls PC 12 Rev 04

1st Grade

10 Qs

quiz-placeholder

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Project Controls PC 12 Rev 04

Project Controls PC 12 Rev 04

Assessment

Quiz

Professional Development

1st Grade

Practice Problem

Medium

Created by

Gary Carr

Used 8+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In business, Project forecasts often involve the analysis of data, such as the performance history of a particular project.

True

False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The purpose of forecasting is to give managers insight into how profitable projects are likely to be in the ?

Past

Present

Future

All options listed

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Three basic types of Forecast are—qualitative techniques, time series analysis / projection, and which other?

Causal

Capsule

Creative

Collaborative

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Historical data from time series or correlation information is actual referred to as which Forecasting Method?

PERT

Quantitative

Triangular Distribution

Qualitative

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Opinions from experts, decision makers or customers is actually referred to as which forecasting method?

Beta Distribution

Monte Carlo

Qualitative

PERT

6.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Key steps to deliver a sound forecasting process would include?

Define what is to be forecasted

Gathering of Information

Preliminary Analysis

Select / Implement methods

Use forecasts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A time series Forecast is a time-ordered sequence of observations measured at consecutive points in time or over different periods, such as every hour, day, week, month or year.

True

False

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