Fluent Essays

QUESTION 1After your team has successfully identified potential risks that could affect the project, what is the next step?Mitigate risksAssess identified risksDecide how to respond to all risksCreate a risk breakdown structureCreate contingency plans2.5 points QUESTION 2This response is used to increase the potential effect of an identified Opportunity.ExploitShareAcceptEnhance2.5 points QUESTION 3A Risk Response Matrix contains all of the following EXCEPTTrigger.Who is responsible.Response.Contingency plan.When the risk will occur.2.5 points QUESTION 4The implications of an identified change need to be assessed by:The Chief Fiscal Officer.A person with expertise related to the change.The authorizing project manager.The primary project stakeholder.2.5 points QUESTION 5Which of the following is NOT involved in risk control?Establishing contingency fundsInitiating contingency plansEstablishing a change control systemWatching for new risksExecuting the risk response strategy2.5 points QUESTION 6The initial step in the risk management process is toSet aside budget funds for managing the risks.Determine the level of acceptable risk.Identify the risks.Assess the risk potential.Appoint a risk manager.2.5 points QUESTION 7An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed aDisaster.Random chance.Risk.Hazard.Bad luck.2.5 points QUESTION 8Adopting proven technology instead of experimental technology in order to eliminate technical failure would be an example of which risk response?RetainingAvoidingTransferringIgnoringMitigating2.5 points QUESTION 9Organizations use ________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk.Contingency breakdown structuresRisk breakdown structuresOrganizational breakdown structureRisk assessmentScenario analysis2.5 points QUESTION 10This response is used when an identified Opportunity is not actively pursued.ShareAcceptExploitEnhance2.5 points QUESTION 11Reginas boss has told her that her project is very important. If the critical path is delayed, she will be given whatever she needs to get it back on schedule. Her project is classified as ________ constrained.CostTimePerformanceQualityResource2.5 points QUESTION 12Resource leveling or smoothing can have all the following results on a project EXCEPTA longer project duration.Lower peak resource demand.Reduced fluctuations in resource demand.A more sensitive network.Reduced resource need over the life of the project.2.5 points QUESTION 13Which of the following is NOT one of the more common problems associated with scheduling multiproject resources?Delays in one project causing delays in other projectsOverall schedule slippageDecline in project qualityResource bottlenecksInefficient resource utilization2.5 points QUESTION 14Splitting an activity can result in all of the following EXCEPTA resource being moved from one activity to another and then back.Possible startup and shutdown costs.A better project schedule.Activity work being placed on hold for a period until more resources are available.More people working on the same activity.2.5 points QUESTION 15In a resource-constrained project the second priority in assigning resources is usually given to activities with theMost slack.Least slack.Highest cost.Lowest identification number.Smallest duration.2.5 points QUESTION 16In a resource-constrained project, which of the following is most likely to be changed?The budgetThe completion dateScope creepProject qualityResource levels2.5 points QUESTION 17Rachel is working on a project that technically allows three activities to be done at the same time. If they were to be implemented at the same time, she would need 5 contractors in order for the activities to be completed on time. There are only 3 available for her to use. This is an example of what type of constraint?EquipmentMaterialsPhysicalPeopleTechnical2.5 points QUESTION 18When deciding which staff to team-up to work on work packages, factors to consider are:Years of working in the company.Practical Experience.Work habits.All of these choices are correct.2.5 points QUESTION 19All of the following are types of resource constraints EXCEPTInformation.People.Materials.Human.Equipment.2.5 points QUESTION 20All of the following are benefits of scheduling resources before project implementation EXCEPTWork packages can be time-phased.The project completion date can be established.It allows managers to share resources with other project managers if it is requested without negatively impacting their project.It allows time for considering reasonable options if resource constraints do exist.It ensures low network sensitivity.2.5 points QUESTION 21All of the following are disadvantages of scheduling overtime EXCEPTSustained overtime work by salaried employees may incur burnout.Productivity is reduced the longer one is working.More hours results in higher expenses if paying workers hourly.Continued overtime can lead to a higher turnover rate.Overtime is associated with additional costs of coordination and communication.2.5 points QUESTION 22Emily has recently learned that she needs to reduce the duration of her project to meet an imposed deadline. She has calculated the crash cost per unit and knows the maximum units each activity can be reduced. What is the next step?Find the activity with the highest crash costCalculate the crash pointCalculate the optimum cost-time pointFind the activity with the lowest crash costIdentify the critical path2.5 points QUESTION 23A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion. This is an example of reducing project duration caused byIncentive contracts.High overhead.Imposed project deadlines.Unforeseen project delays.Time to market.2.5 points QUESTION 24Which of the following is NOT a technique for accelerating project completion when resources are not constrained?Do it twice-first fast and then correctlyCompromise qualityReduce project scopeAssign additional staff and equipmentEstablish a core team2.5 points QUESTION 25When reducing project duration, the duration for a project that is optimal is at the point whereDirect costs equal indirect costs.Indirect costs are the lowest.Direct costs are the lowest.Total project costs are the lowest.The project changes from time-constrained to resource-constrained.2.5 points QUESTION 26According to Brooks Law, adding more people to a late project is most likely to have which of the following impacts?Make the project slip furtherDecrease team motivationKeep the project from slipping any furtherLead to burnoutGet the project back on schedule2.5 points QUESTION 27As a project is crashed and project duration is reduced, direct costs typicallyDecrease.Become unreliable.Increase.Become unstable.Stay the same.2.5 points QUESTION 28In selecting the best activity to crash you would first select the activity with theLeast steep slope.Largest crash time.Earliest start time.Longest duration.Most steep slope.2.5 points QUESTION 29The direct cost for completing an activity in the shortest time it can realistically be completed in is called its ________ cost.AcceleratedReserveExpeditedCrashNormal2.5 points QUESTION 30As a project is crashed and project duration is reduced, indirect costs typicallyDecrease.Stay the same.Increase.Become unstable.Become unreliable.