30 questions 2
QUESTION 1
After your team has successfully identified potential risks that could affect the project, what is the next step?
Mitigate risks
Assess identified risks
Decide how to respond to all risks
Create a risk breakdown structure
Create contingency plans
2.5 points
QUESTION 2
This response is used to increase the potential effect of an identified Opportunity.
Exploit
Share
Accept
Enhance
2.5 points
QUESTION 3
A Risk Response Matrix contains all of the following EXCEPT
Trigger.
Who is responsible.
Response.
Contingency plan.
When the risk will occur.
2.5 points
QUESTION 4
The 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 5
Which of the following is NOT involved in risk control?
Establishing contingency funds
Initiating contingency plans
Establishing a change control system
Watching for new risks
Executing the risk response strategy
2.5 points
QUESTION 6
The initial step in the risk management process is to
Set 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 7
An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a
Disaster.
Random chance.
Risk.
Hazard.
Bad luck.
2.5 points
QUESTION 8
Adopting proven technology instead of experimental technology in order to eliminate technical failure would be an example of which risk response?
Retaining
Avoiding
Transferring
Ignoring
Mitigating
2.5 points
QUESTION 9
Organizations use ________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk.
Contingency breakdown structures
Risk breakdown structures
Organizational breakdown structure
Risk assessment
Scenario analysis
2.5 points
QUESTION 10
This response is used when an identified Opportunity is not actively pursued.
Share
Accept
Exploit
Enhance
2.5 points
QUESTION 11
Regina’s 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.
Cost
Time
Performance
Quality
Resource
2.5 points
QUESTION 12
Resource leveling or smoothing can have all the following results on a project EXCEPT
A 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 13
Which of the following is NOT one of the more common problems associated with scheduling multiproject resources?
Delays in one project causing delays in other projects
Overall schedule slippage
Decline in project quality
Resource bottlenecks
Inefficient resource utilization
2.5 points
QUESTION 14
Splitting an activity can result in all of the following EXCEPT
A 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 15
In a resource-constrained project the second priority in assigning resources is usually given to activities with the
Most slack.
Least slack.
Highest cost.
Lowest identification number.
Smallest duration.
2.5 points
QUESTION 16
In a resource-constrained project, which of the following is most likely to be changed?
The budget
The completion date
Scope creep
Project quality
Resource levels
2.5 points
QUESTION 17
Rachel 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?
Equipment
Materials
Physical
People
Technical
2.5 points
QUESTION 18
When 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 19
All of the following are types of resource constraints EXCEPT
Information.
People.
Materials.
Human.
Equipment.
2.5 points
QUESTION 20
All of the following are benefits of scheduling resources before project implementation EXCEPT
Work 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 21
All of the following are disadvantages of scheduling overtime EXCEPT
Sustained 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 22
Emily 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 cost
Calculate the crash point
Calculate the optimum cost-time point
Find the activity with the lowest crash cost
Identify the critical path
2.5 points
QUESTION 23
A 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 by
Incentive contracts.
High overhead.
Imposed project deadlines.
Unforeseen project delays.
Time to market.
2.5 points
QUESTION 24
Which of the following is NOT a technique for accelerating project completion when resources are not constrained?
Do it twice-first fast and then correctly
Compromise quality
Reduce project scope
Assign additional staff and equipment
Establish a core team
2.5 points
QUESTION 25
When reducing project duration, the duration for a project that is optimal is at the point where
Direct 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 26
According to Brooks’ Law, adding more people to a late project is most likely to have which of the following impacts?
Make the project slip further
Decrease team motivation
Keep the project from slipping any further
Lead to burnout
Get the project back on schedule
2.5 points
QUESTION 27
As a project is crashed and project duration is reduced, direct costs typically
Decrease.
Become unreliable.
Increase.
Become unstable.
Stay the same.
2.5 points
QUESTION 28
In selecting the best activity to crash you would first select the activity with the
Least steep slope.
Largest crash time.
Earliest start time.
Longest duration.
Most steep slope.
2.5 points
QUESTION 29
The direct cost for completing an activity in the shortest time it can realistically be completed in is called its ________ cost.
Accelerated
Reserve
Expedited
Crash
Normal
2.5 points
QUESTION 30
As a project is crashed and project duration is reduced, indirect costs typically
Decrease.
Stay the same.
Increase.
Become unstable.
Become unreliable.
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