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WorksheetsMidterm Exam: Project Management
Total questions: 15
Worksheet time: 8mins
In a project managed using a stage-gate approach, who decides if the project moves to the next stage or gets terminated?
Project sponsor
Key master
Gatekeeper
Subject matter expert
Who is ultimately responsible to make sure that all work required by the SOW and only the work required by the SOW is performed?
Project manager
Customer
Appropriate subject matter expert for that work package
Project sponsor
Usually, the three main performance criteria are time, scope and _______?
Profit
Cost
Compliance
Risks
Which of the following is an estimating pitfall?
Failure to use correct estimating techniques.
Misinterpretation of the Statement of Work (SOW)
Inaccurate Work Breakdown Structure (WBS)
All of the above
Given that an activity has an early start of week 12, an early finish of week 15, a late start of week 16 and a late finish of week 19, what is the slack?
3 weeks
4 weeks
5 weeks
No slack
Which of the following scheduling tools is NOT based on a network approach?
Program Evaluation & Review Technique
Graphical Evaluation & Review Technique
Critical Path Method
Line of balance
Which of the following is false concerning the critical path in a network?
It is the path that takes the longest in the network
It is the path that contains the greatest number of activities
It is the shortest amount of time in which the project can be completed
It is the path where each activity has zero slack
______ is usually not considered a direct cost.
Labor
Office rent
Material
Parts
Which of the following cannot be determined after performing a forward pass and a backward pass on a network diagram?
The efforts involved for each activity
The critical path
The slack in each activity
The end date of the project
Bidder conferences are used to:
Answer questions about the project prior to submittal of proposals
Answer questions about the project after contract award
Debrief the bidder on their performance after completion of the contract
Solicit pricing information from the bidders on proposed scope changes
Scope creep is often the result of:
Too much detail in the specifications
Poorly defined SOW
Having the wrong people assigned to the project
Having too many levels in the WBS
Learning curve theory is based upon:
The amount of improvement increases as more units are produced
The time required to perform a task increases as the task is repeated
The rate of improvement has sufficient consistency to allow its use as a predictive tool
All of the above
In order to get the most skilled workers to be assigned to their project, a project manager should use a win-lose approach when negotiating with the functional managers.
True
False
If a worker is paid $50 per hour and the project has an overhead rate of 50%, at what rate will the work be reflected in the budget?
$25 per hour
$50 per hour
$75 per hour
$100 per hour
During contract negotiations, the goal of the buyer is to:
Get the seller to accept the greatest risk
Get the seller to agree to scope changes at no cost to the buyer
Try to get the least amount of work done at the lowest price
Get the highest quality result for the lowest price
