
Chapter 3. Develop a project plan
Authored by Bob Li
Professional Development
University - Professional Development

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the lowest level tasks in the Work Breakdown Structure?
Summary tasks
Work packages
Work activities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When creating a WBS, you should use which method:
Top-down
Bottom-up
Either A or B
None of the above-you shouldn’t be creating a WBS, just use Smart Sheet
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The activities you should do to manage project risk are:
Plan your risk plan, then identify, quantify, analyze, develop plans, monitor and control.
Throw a bunch of money in a risk slush fund and use it as needed, then if it isn’t used, you can throw a fantastic party!
Some projects don’t have risks, so only make plans when absolutely necessary.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often should a status meeting ideally be held to catch up on people's progress?
Once a week
Every day
Once a month
None are needed as long as you keep in touch via email
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A project schedule is built by estimating activity__
Level
Resources
Budget
Duration
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of contract places the risk on the vendor?
Time and materials contracts
Fixed-price contracts
A cost-plus contract
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