Project Mgmt. I Final Review 2 21-22

The project manager is creating an estimate to set up an office building's electrical system. He has twenty-two years of experience managing similar projects. The client needs the estimate quickly. Which type of estimate is he most likely to provide?

• analogous estimating

• parametric estimating

• reserve analysis

• three-point estimating

Adam's Construction has accepted a contract to build a six-story office building. The company is using a timeline from a two-story building project the company completed in the previous month to develop the schedule for this project. Adam's Construction is using:

• analogous estimating.

• parametric estimating.

• three-point estimating.

• reserve analysis.

Chandler is setting up a time schedule for beta testing a new software project. Currently, the company has one computer lab compatible with his new program, and there are three other software programs being tested on that lab's systems. Chandler modifies the timeline to account for sharing the computer systems. He is using which schedule analysis tool?

• critical path method

• critical chain method

• reserve analysis

• schedule compression

Jenna's team is creating a new product. A deliverable for the project consists of building a website for the product. Jenna announces that she will be outsourcing this deliverable. Company A estimated a cost of

$60,000 with completion in 3 months, Company B estimated a cost of $100,000 with completion in 2 months, and Company C estimated a cost of $50,000 with completion in 4 months. Jenna averages the three

proposed costs and determines that she will need to put $70,000 into the project budget for the website deliverable. What cost estimating technique did Jenna use?

• cost performance baseline

• historical relationships

• project funding requirements

• vendor bid analysis

Angela is a project manager for a construction project to build a 5 bedroom, 2-story home. She has fifteen years of experience and needs to give a quick estimate. Which type of estimate is most likely to be used?

• analogous estimating.

• parametric estimating.

• three-point estimating.

• reserve analysis.

A project manager has been hired to landscape a new primary school playground. The client has allowed sixteen weeks to complete the project, which will take a total of twelve weeks. The project manager decides to begin the project immediately so that she has extra time for weather delays. What is being used?

• analogous estimating.

• parametric estimating.

• three-point estimating.

• reserve analysis.

In the critical path image, what is the critical path?

• B, D, H

• A, C, H

• F, G

• E, D

Andy prefers to set up furniture before hanging window treatments for his interior design projects. This is an example of a/an:

• abstract dependency.

• discretionary dependency.

• external dependency.

• mandatory dependency.

Due to a gasoline shortage, Ann is unable to secure the gasoline needed to fill up her tractor prior to planting. This is an example of a/an:

• abstract dependency.

• discretionary dependency.

• external dependency.

• mandatory dependency.

The project manager and team have created the schedule for the hospital wireless network upgrade project. The schedule includes a five-day delay for the network approval before the hospital can use the

upgraded network. This causes the finish date of the project to slip by five days. This hospital network project is:

• accelerating.

• forming.

• lagging.

• leading.