Project Management - Finals

What is resource allocation in project management?

• Assigning resources randomly

• Assigning available resources to project tasks

• Eliminating unnecessary tasks

• Creating the WBS

Effective resource management helps:

• Increase stakeholder count

• Reduce project visibility

• Prevent overallocation and conflicts

• Avoid scope definition

Resource leveling involves:

• Increasing team members

• Adjusting project schedule to address resource constraints

• Eliminating holidays

• Ignoring resource availability

What is resource optimization?

• Increasing scope

• Using resources inefficiently

• Maximizing efficiency of available resources

• Reducing quality

Which tool helps manage resources?

• SWOT analysis

• RACI matrix

• Resource histogram

• Pareto chart

What does a procurement plan define?

• Resource allocation

• Activities to acquire goods and services

• Internal communication methods

• Task dependencies

What is the purpose of procurement management?

• Manage internal staff

• Control project risk

• Acquire external goods and services

• Evaluate stakeholder satisfaction

Which document is typically used in procurement?

• Project charter

• Communication plan

• Request for Proposal (RFP)

• Gantt chart

Vendor selection is based on:

• Lowest price only

• Proximity

• Evaluation criteria defined in procurement documents

• Random allocation

Contract types include all EXCEPT:

• Fixed price

• Cost-reimbursable

• Time and materials

• Rolling wave