PRM final (FIT HANU)

To control the schedule, a project manager is reanalyzing the project to predict project duration. She does this by analyzing the sequence of activities with the least amount of scheduling flexibility. What technique is she using?

• Critical path method

• Flowchart

• 1. Precedence diagramming

• Work breakdown structure

All of the following are factors in the assessment of project risk EXCEPT:

• Risk event

• 1. Risk probability

• Amount at stake

• Insurance premiums

A project manager is being considered for a particular project that will deal exclusively with global virtual teams. He only has experience with local teams. What should he do when discussing the opportunity with the sponsor?

• 1. Since he has led projects and teams, it does not make any difference that these are all global virtual teams, so he does not need to bring it up.

• He should avoid any conversation regarding the types of teams involved so the sponsor does not know he lacks experience in this area

• The project manager should point out to the sponsor that he has not had experience with global virtual teams but discuss why he thinks he is a good fit for the project anyway

• 1. The project manager should point out to the sponsor that he has not had experience with global virtual teams and therefore must decline the assignment.

A project has three critical paths. Which of the following BEST describes how this affects the project?

• It makes it easier to manage

• It increases the project risk.

• It increases the project risk.

• 1. It makes it more expensive

Risk tolerances are determined in order to help:

• 1. The team rank the project risks

• The project manager estimate the project.

• The team schedule the project.

• 1. Management know how other manager will act on the project.

A major negotiation with a potential subcontractor is scheduled for tomorrow when you discover there is a good chance the project will be cancelled. What should you do?

• 1. Do not spend too much time preparing for the negotiations

• 1. Cut the negotiations short

• 1. Only negotiate major items.

• 1. Postpone the negotiations.

  
  

If project time and cost are not as important as the number of resources used each month, which of the following is the BEST thing to do?

• Perform a Monte Carlo analysis.

• 1. Fast track the project

• 1. Fast track the project

• Analyze the life cycle costs

All of the following are common results of risk management EXCEPT:

• 1. Contract terms and conditions are created.

• 1. The project management plan is changed

• 1. The communications management plan is changed.

• The project charter is changed

You've been assigned to take over managing a project that should be half complete according to the schedule. After an extensive evaluation, you discover that the project is running far behind schedule and that the project will probably take twice the time originally estimated by the previous project manager. However, the sponsor has been told that the project is on schedule. What is the BEST course of action?

• 1. Try to restructure the schedule to meet the project deadline.

• 1. Report your assessment to the sponsor.

• 1. Turn the project back to the previous project manager.

• 1. Move forward with the schedule as planned by the previous project manager and report at the first missed milestone.

When would a milestone chart be used instead of a bar chart?

• 1. Project planning.

• 1. Reporting to team members.

• 1. Reporting to management.

• 1. Risk analysis