Project Management Quiz

The following are characteristics of a project except

• Complex

• Repetitive

• Has an established objective

• None of the choices

It is a tool used to define and group a project’s discrete work elements in a way that helps organize and define the total work scope.

• Work Breakdown Structure

• Risk Assessment Matrix

• Gantt Chart

• PERT-CPM

The following must be considered in estimating cost and time EXCEPT

• Adding allowance for risk in each activity

• Use of multiple sources for a more accurate estimate

• Enough planning horizon to avoid inflation or other changes

• None of the choices

A dummy activity is used to describe:

• Precedence relationship

• Necessary time delays

• Resource restrictions

• All of the above

The critical path of the network is the:

• Shortest path of through the network

• Path with the fewest activities

• Path with the most activities

• Longest time path through the network

CPM with 3-time estimates assumes that the distribution of completion time for a project is

• normal

• binomial

• poisson

• exponential

It is to reduce the likelihood that the event will occur.

• Risk Sharing

• Risk Mitigation

• Risk Transfer

• Risk Avoidance

IF AN ACTIVITY HAS A ZERO SLACK, IT:

• Means the project is expected to be delayed

• Must be a dummy activity

• Is on the critical path

• None of the choices

Which of the following statements concerning a Gantt chart is true?

• Gantt charts are particularly helpful for scheduling and planning large projects

• Gantt charts are particularly helpful for scheduling and planning project complex precedence relationships.

• The Gantt chart indicates where extra time is available and activities can be delayed.

• The Gantt chart has been a popular projects scheduling tool but is not widely used now.

Activities on the critical path are critical because they

• Represent the maximum project completion time

• Cannot tolerate any delay in completion

• Represent the most expensive in terms of resources

• Represent the largest and most complex activities of the project