Get Budgeting and Scheduling Projects Quiz Answers
A good project schedule helps all team members’ work together to meet project objectives. A project budget with realistic cost constraints is also an essential bedrock of any project. In this course you’ll learn to plan and stick to time and cost constraints in order to ensure the success of your projects.
Quiz 01:Module 2 Quiz
Q1. True or False: The term resources only refers to people, it does not include money or materials or equipment.
False
Q2. In our lessons the acronym RAM stands for:
False
Q3. When you use the RACI or Responsible, Accountable, Consult, Inform version of the RAM, those who are responsible are:
Completing the work
Q4. A work package is a/an:
Deliverable at the lowest level of the WBS
Q5. The WBS is used to derive all but one of the following:
The activity list
Q6. True or False: When it comes to projects, the emphasis is on strategic quality management. Quality is not an accident, quality is part of the plan, and quality is everyone’s job.
True
Q7. The discipline of quality management complements the discipline of project management. Both recognize the importance of:
Customer satisfaction, prevention over inspection, continuous improvement, and management responsibility
Q8. True or False: Product quality focuses on the project management processes used to meet project objectives
False
Q9. The Process Improvement Plan is:
a subsidiary, or component of the project management plan.
Q10. True or False: Performing quality assurance within the context of a project involves applying the planned, systematic quality activities to ensure that the project correctly employs all processes needed to meet project objectives and product requirements.
True
Quiz 01: Module 3 Quiz
Q1. An estimate created by looking at a similar project or activity and then adding or subtracting to or from the estimate based on the differences between the two is called:
Analogous estimating
Q2. When you have good historical information which can be used in a reliable formula or model, you will probably use:
Analogous estimating
Q3. True or False: When you are concerned that your estimates might not be correct, especially if you think they are too low, you should pad the estimate and add extra.
False
Q4. Which one of these most correctly defines management reserve?
Management reserve is not tied to specific work packages it is for the entire project.
Q5. You are preparing an estimate of the cost for an IT system expansion for a new branch office location. It is a very similar to the IT system expansion undertaken for a branch office that opened six months ago. Which technique might you use if you are pushed for a quick estimate?
Analogous
Q6. You are building an apartment complex with four, 10,000 square foot buildings based on the same drawings you used in another city two years ago. What is the danger of estimating using the same parametric model of $50 per square foot?
Historical cost relationships may no longer be applicable.
Q7. What description defines Bottoms Up Estimating?
A technique that involves estimating the cost of individual work packages or individual schedule activities with the lowest level of detail.
Q8. True or False: The Project Budget is equal to only the cost baseline budget.
False
Q9. True or False: The S-Curve depicts the relationship between the cost baseline budget and the schedule because it shows the planned cost baseline budget across the planned project timeline.
True
Q10. Earned value management integrates scope, cost, and schedule measures to:
assess project performance and progress.
Quiz 01: Module 4 Quiz
Q1. When you schedule work in a specific order because it cannot be completed any other way this is what type of dependency?
Mandatory
Q2. True or False: If develop online modules must be 100% completed before review online modules can begin, that is called a finish to start relationship.
True
Q3 .If develop online modules needs to finish before review online modules can finish, that is called a:
Finish to finish relationship.
Q4. To calculate early start (ES) and early finish (EF) perform a:
Forward pass
Q5. True or False: The critical path is the shortest path through the network and represents the work that can be delayed without delaying the end of the project.
True
Q6. The network diagram is the best tool for demonstrating
The sequence of project activities
Q7. All of the following are inputs to estimating activity durations except:
Resource calendars and scope statement
Q8. In a project schedule, the sequence of activities which cannot be delayed during the course of the project without extending the project end date is referred to as the:
Critical path
Q9. A significant event in a project that may indicate completion of a major phase is a/an:
Milestone
Q10. Once the logic of a network is laid out, the project manager will conduct a forward pass and a backward pass through the network. This will provide information regarding ______ and will identify the________.
The total duration of the project, critical path
Quiz 01: Final Exam
Q1. True or False: The term resources only refers to people, it does not include money or materials or equipment.
False
Q2. In our lessons the acronym RAM stands for:
Responsibility Assignment Matrix
Q3. When you use the RACI or Responsible, Accountable, Consult, Inform version of the RAM, those who are responsible are:
Completing the work
Q4. A work package is a/an:
Deliverable at the lowest level of the WBS
Q5. The WBS is used to derive all but one of the following:
The project cost performance baseline
Q6. True or False: When it comes to projects, the emphasis is on strategic quality management. Quality is not an accident, quality is part of the plan, and quality is everyone’s job.
True
Q7. The discipline of quality management complements the discipline of project management. Both recognize the importance of:
Customer satisfaction, prevention over inspection, continuous improvement, and management responsibility
Q8. The Process Improvement Plan is:
a subsidiary, or component of the project management plan.
Q9. An estimate created by looking at a similar project or activity and then adding or subtracting to or from the estimate based on the differences between the two is called:
Analogous estimating
Q10. When you have good historical information which can be used in a reliable formula or model, you will probably use:
Parametric estimating
Q11. True or False: When you are concerned that your estimates might not be correct, especially if you think they are too low, you should pad the estimate and add extra.
False
Q12. Which one of these most correctly defines management reserve?
Management reserve is not tied to specific work packages it is for the entire project.
Q13. You are preparing an estimate for the cost of an IT system expansion for a new branch office location. It is a very similar to the IT system expansion undertaken for a branch office that opened six months ago. Which technique might you use if you are pushed for a quick estimate
Analogous
Q14. You are building an apartment complex with four, 10,000 square foot buildings based on the same drawings you used in another city two years ago. What is the danger of estimating using the same parametric model of $50 per square foot?
Historical cost relationships may no longer applicable.
Q15. What description defines Bottom-Up Estimating?
A technique that involves estimating the cost of individual work packages or individual schedule activities with the lowest level of detail.
Q16. True or False: The S-Curve depicts the relationship between the cost baseline budget and the schedule because it shows the planned cost baseline budget across the planned project timeline.
False
Q17. When you schedule work in a specific order because it cannot be completed any other way this is what type of dependency?
Mandatory
Q18. If develop online modules needs to finish before review online modules can finish, that is called a:
Finish to finish relationship.
Q19. To calculate early start (ES) and early finish (EF) perform a:
Forward pass
Q20. True or False: The critical path is the shortest path through the network and represents the work that can be delayed without delaying the end of the project.
False
Q21. The network diagram is the best tool for demonstrating:
The sequence of project activities
Q22. All of the following are inputs to estimating activity durations except:
Resource calendars and scope statement
Q23. In a project schedule, the sequence of activities which cannot be delayed during the course of the project without extending the project end date is referred to as the:
Critical path
Q24. A significant event in a project that may indicate completion of a major phase is a/an:
Milestone
Q25. Once the logic of a network is laid out, the project manager will conduct a forward pass and a backward pass through the network. This will provide information regarding ______ and will identify the________.
The total duration of the project, critical path
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