Budgeting and Scheduling Projects Quiz Answers

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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Get Budgeting and Scheduling Projects Quiz Answers

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.

Q2. In our lessons the acronym RAM stands for:

Q3. When you use the RACI or Responsible, Accountable, Consult, Inform version of the RAM, those who are responsible are:

Q4. A work package is a/an:

Q5. The WBS is used to derive all but one of the following:

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.

Q7. The discipline of quality management complements the discipline of project management. Both recognize the importance of:

Q8. True or False: Product quality focuses on the project management processes used to meet project objectives

Q9. The Process Improvement Plan is:

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.

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:

Q2. When you have good historical information which can be used in a reliable formula or model, you will probably use:

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.

Q4. Which one of these most correctly defines management reserve?

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?

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?

Q7. What description defines Bottoms Up Estimating?

Q8. True or False: The Project Budget is equal to only the cost baseline budget.

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.

Q10. Earned value management integrates scope, cost, and schedule measures to:

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?

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.

Q3 .If develop online modules needs to finish before review online modules can finish, that is called a:

Q4. To calculate early start (ES) and early finish (EF) perform a:

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.

Q6. The network diagram is the best tool for demonstrating

Q7. All of the following are inputs to estimating activity durations except:

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:

Q9. A significant event in a project that may indicate completion of a major phase is a/an:

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________.

Quiz 01: Final Exam

Q1. True or False: The term resources only refers to people, it does not include money or materials or equipment.

Q2. In our lessons the acronym RAM stands for:

Q3. When you use the RACI or Responsible, Accountable, Consult, Inform version of the RAM, those who are responsible are:

Q4. A work package is a/an:

Q5. The WBS is used to derive all but one of the following:

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.

Q7. The discipline of quality management complements the discipline of project management. Both recognize the importance of:

Q8. The Process Improvement Plan is:

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:

Q10. When you have good historical information which can be used in a reliable formula or model, you will probably use:

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.

Q12. Which one of these most correctly defines management reserve?

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

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?

Q15. What description defines Bottom-Up Estimating?

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.

Q17. When you schedule work in a specific order because it cannot be completed any other way this is what type of dependency?

Q18. If develop online modules needs to finish before review online modules can finish, that is called a:

Q19. To calculate early start (ES) and early finish (EF) perform a:

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.

Q21. The network diagram is the best tool for demonstrating:

Q22. All of the following are inputs to estimating activity durations except:

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:

Q24. A significant event in a project that may indicate completion of a major phase is a/an:

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________.

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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__.

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__.