PM - Lesson 7 + 8

What is a document that outlines how the team will operate and work together?

• A. Team charter

• B. Resource management plan

• C. Project charter

• D. Team acquisition plan

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?

• A. Perform a Monte Carlo analysis

• B. Fast track the project

• C. Perform resource leveling

• D. Analyze the life cycle costs

Your project management plan results in a project schedule that is too long. If the project network diagram cannot change but you have extra personnel resources, what is the BEST thing to do?

• A. Fast track the project

• B. Level the resource

• C. Crash the project

• D. Risk analysis

What does a resource histogram show that a responsibility assignment matrix does not?

• A. Time

• B. Activity

• C. Interrelationships

• D. The person in charge of each activity

During project planning in a matrix organization, the project manager determines that additional human resources are needed. From whom would he request these resources?

• A. Project manager

• B. Functional manager

• C. Team

• D. Project sponsor

A project manager must publish a project schedule. Activities, start/end times, and resources are identified. What should the project manager do NEXT?

• A. Distribute the project schedule according to the communications management plan

• B. Confirm the availability to the resources

• C. Refine the project management plan to reflect more accurate costing information

• D. Publish a bar chart illustrating the timeline

Which of the following is a valid way of evaluating the financial feasibility of a project?

• A. Return on investment

• B. Net present value

• C. Internal rate of return

• D. All of the above

The three common classification systems for estimates includes all of the following except:

• A. Parametric estimates

• B. Quick-and-dirty estimates

• C. Analogy estimates

• D. Engineering estimates

The most accurate estimates are:

• A. Parametric estimates

• B. Quick-and-dirty estimates

• C. Analogy estimates

• D. Engineering estimates

Which of the following is considered to be a bottom-up estimate rather than a top-down estimate?

• A. Parametric estimates

• B. Analogy estimates

• C. Engineering estimates

• D. None of the above