Lesson 3 | Plan the Project
Quiz
•
Business
•
Professional Development
•
Medium
Ahmed Abdessalem
Used 1+ times
FREE Resource
24 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is the best elicitation technique to use when your project team wants to facilitate a discussion with a certain set of users to get a better understanding on how they might use your project’s product?
Document analysis
Focus group
Benchmarking
Plurality
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A project team is reviewing the requirements documentation that they are responsible for working on. Which project artifact can they reference to see the connection between the requirements and the business and project objectives?
Requirements traceability matrix
RACI chart
Project charter
Scope management plan
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An architectural firm has spent a great deal of time and effort creating the design and blueprints for the building. They had to purchase materials and hire consultants and have been working on this project for 6 months. They have submitted all the invoices for the money they have spent on the work, as well as an invoice for the fee of $90,000. What type of contract was this?
Time and materials
Cost-plus-incentive-fee (CPIF)
Fixed-Price Economic Price Adjustment (FP EPA)
Cost-reimbursable
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is included in activity cost estimates?
Supporting data or additional information needed to justify the cost estimates
Estimates on probably costs necessary to finish project work, including direct costs, labor, materials, equipment, facilities services, information technology, and contingency reserves
Estimates on probable costs necessary to finish project, work based on the responsible bids obtained from vendors
Estimates on probable costs necessary to finish the project work, including direct labor, materials, equipment, facilities, services, information technology, contingency reserves, and indirect costs
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the process to create a project budget?
Take the rough order of magnitude (ROM) and decompose it into the cost of work packages
Combine all individual activity cost estimates and contingencies and aggregate them for the entire project. Submit this to the sponsor, and modify it if necessary
Estimate costs necessary to finish project work, including direct costs, labor, materials, equipment, facilities, services, information technology, and contingency reserves
Create an S-curve with cost on the Y axis and time on the X axis
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A project manager is using a time-phased budget to measure the cost performance. What is that budget called?
Cost baseline
Cost estimate
Rough order of magnitude
Release budget
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The project manager informs the project sponsor that the project management plan will continuously increase in the level of detail as the project moves forward. In project management, what is this process known as?
Life cycle
Progressive elaboration
Resource planning
Scope creep
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