Worksheets25-26 Unit 4 Vocabulary
Total questions: 20
Worksheet time: 10mins
What is the purpose of rolling wave planning?
To estimate project costs using historical data
To plan all project work in detail from the start
To plan near-future work in detail and future work at a higher level
To create reusable templates for future projects
Which of the following is a complete list of all activities needed for project completion?
Activity List
Sequence Activities
Milestone List
Activity Attributes
What does the Gantt Chart display?
A list of project milestones
Schedule-related information in a bar chart format
Critical path and float analysis
Resource availability limits
Which estimating method is the fastest but least accurate?
Three-Point Estimating
Parametric Estimating
Analogous Estimating
Bottom-Up Estimating
What is the formula for calculating the three-point estimate?
TE = (O + P + L) / 4
TE = (O + L + P) / 3
TE = (O + P) / 2
TE = (O + 4L + P) / 6
What does reserve analysis involve?
Breaking work into smaller, manageable parts
Evaluating bids from vendors
Using statistical relationships to calculate estimates
Adding time buffers to account for schedule uncertainty
Which method adjusts schedules to account for resource availability limits?
Critical Path Method
Fast-Tracking
Crashing
Critical Chain Method
What is the purpose of schedule compression?
To overlap tasks normally done sequentially
To add resources to the project
To shorten the project schedule duration without reducing scope
To reduce project scope
Which technique involves overlapping tasks that are normally done sequentially?
Crashing
Fast-Tracking
Resource Leveling
Schedule Compression
What is the output of a schedule model that presents linked activities with planned dates, durations, milestones, and resources?
Schedule Network Analysis
Project Schedule
Activity List
Milestone Chart
Which estimating method uses statistical relationships between historical data and other variables?
Three-Point Estimating
Parametric Estimating
Analogous Estimating
Bottom-Up Estimating
What is the process of aggregating estimated costs to establish an authorized cost baseline?
Controlling Costs
Determining the Budget
Funding Limit Reconciliation
Estimating Costs
What does earned value management integrate to assess project performance?
Scope, time, and cost data
Vendor bids and procurement options
Historical data and statistical relationships
Activity durations and dependencies
What is the cost performance baseline used for?
To measure project performance against planned expenditures
To reconcile funding limits
To estimate project costs
To monitor project status
Which technique involves assessing costs associated with ensuring quality in a project?
Expert Judgement
Vendor Bid Analysis
Reserve Analysis
Cost of Quality
What is the purpose of vendor bid analysis?
To estimate project costs using historical data
To reconcile funding limits
To evaluate bids from vendors for project procurement
To determine the amount of contingency reserves needed
What is the optimistic cost estimate for a rodeo project using the three-point method?
$27,000
$14,000
$10,000
$20,000
What is the most likely time estimate for a rodeo project using the three-point method?
1 month
3 months
7 months
5 months
Which estimating method involves breaking down the project into smaller components?
Parametric Estimating
Three-Point Estimating
Analogous Estimating
Bottom-Up Estimating
What is the purpose of funding limit reconciliation?
To establish a cost baseline
To evaluate vendor bids
To monitor project costs
To ensure expenditures do not exceed funding limits
