Adv Project_SUM_01

A project typically has:

• defined start and end date

• defined start date but no defined end date

• no defined start but a defined end date

• no defined start or end date

The man-hours requirement is typically at a peak during the ________ phase of the project

• planning

• conceptualization

• execution

• termination

Which of the following is the most descriptive of a vision statement?

• Inspirational

• Functional

• Supportive

• Critical

Which of the following is an internal project stakeholder group?

• Clients

• Suppliers

• Functional managers

• Competitors

Personnel costs comprise one of the highest sources of project expense?

• True

• False

• N/A

Updates on how the project is performing against milestones can be accomplished by ................. report.

• S-curves

• Schedule status

• Earned value

• Gantt chart

Budget and schedule information for each activity in a project is contained in the ...................

• Scope baseline

• WBS

• Project goal criteria

• RBS

The highest level of work breakdown structure is ..................

• Project

• Deliverable

• Subdeliverable

• Work package

Risk (and opportunity) ................... throughout the project life cycle.

• increase

• vary

• decrease

• do not vary

Project team assigns probabilities of 0.1, 0.2, and 0.4 respectively to the maturity, complexity, and dependency categories.

The probability of failure can be calculated as:

• 0.233

• 0.008

• 0.70

• 0.65