Strayer BUS 375 FINAL EXAM (50 QUESTIONS)
Final Exam Part 1
Question
Question 1
Smoothing out project resources from period to period is called
Resource leveling
Resource allocation or resource limited planning
Better effort planning
Slack utilization planning
Question 2
Which of the following scheduling techniques is most appropriate today for managing a project?
BAR charts
Milestone charts
PERT charts
Precedence charts
Question 3
The major disadvantage of using a bar chart on large projects is that bar charts:
Answer
Cannot identify critical paths
Cannot identify milestones
Do not show dependencies between activities
Question 4
Laying out a network diagram when you know before-hand the size of the available resource pool is called:
Answer
Resource leveling
Resource allocation or resource limited planning
Better effort planning
Slack utilization planning
Question 5
Activities with zero time durations are called:
Answer
Low-slack activities
No-slack activities
Dummy activities
Special activities
Question 6
If the slack in a 12 week activity is 6 weeks and ES = 4, then LF = _____.
Answer
4
10
16
22
Question 7
Which of the following schedule compression techniques usually requires adding more resources to each work package that is being compressed?
Answer
Overtime
Crashing
Outsourcing
Descoping
Question 8
A charting technique designed to illustrate the inductive and deductive reasoning necessary to achieve some objective is called a _____ Diagram / network
Answer
Gantt
Logic
Descriptive
Intuition
Question 9
Which of the following is normally not one of the three critical parameters provided in information reporting to the customer?
Answer
Time
Cost
Performance
Risks
Question 10
Which type of chart provides the least “predictive” value?
Answer
Bar chart
PERT
ADM
PDM
Question 11
When a functional manager tells you that your project is 10% more difficult than the standard project, the functional manager is providing you with a _____ estimate.
Answer
Parametric
Analogy
Engineering
Grassroots
Question 12
Which of the following projects would most likely have reasonably good estimating techniques?
Answer
Construction
R & D
Software development
New product development
Question 13
An employee earning $40/hour works in a department where the overhead is 125%. A billable or charge back hour to this department would be:
Answer
$ 40
$ 50
$ 90
$ 100
4 points
Question 14
Which of the following is generally not part of capital budgeting?
Answer
Life cycle cost estimating
Net present value
Internal rate of return
Discounted cash flow
Question 15
Which of the following standard project estimating techniques is usually accomplished in weeks?
Answer
Parametric
Analogy
Engineering
Grassroots
Question 16
Material provided in a proposal to justify one’s estimates are called:
Answer
Supporting pricing
Back-up data
Risk justification
Proprietary pricing
Question 17
Which of the following components of life cycle costing incurs the largest cost?
Answer
R & D
Production
Operational and Support
Disposal
Question 18
Pricing out the construction cost of a home by a cost per square foot would be representative of a _____ estimate.
Answer
Parametric
Analogy
Engineering
Grassroots
Question 19
The person or group with greatest ability to influence cost at project initiation is:
Answer
The customer/owner
The project manager
The project team
The users
Question 20
Variance envelopes are usually established because:
Answer
All cost variances must be accounted for and explained
Not all cost variances must be explained even though they exist
All schedule variances must be explained
All cost overruns require sponsor authorization
Question 21
Work that does not lend itself to subdivision into discrete scheduled increments of work, such as project support, is called:
Answer
Measurable effort
Level of effort
Discrete estimates
Work package effort
Question 22
A common cause for a favorable CV but unfavorable SV might be:
Answer
Too many workers on the project
Too few workers on the project
Crashing the project
Use of overtime
Question 23
The form that is used to establish charge numbers is the:
Answer
Responsibility Assignment matrix
Work authorization form
Work package
Cost account change notice
Question 24
If the schedule variance is positive and the cost variance is negative, the project’s status is:
Answer
Over budget and behind schedule
Over budget and ahead of schedule
Under budget and behind schedule
Under budget and ahead of schedule
Question 25
The best method to price out a work package is to use the:
Answer
Average departmental labor rate
Average pay grade labor rate
Actual salary of the workers assuming they are known
Statistical data from the Payroll Department
Final Exam Part 2
Question 1
Which of the following is normally not one of the three parameters considered during tradeoffs?
Answer
Time
Cost
Performance
Financial risks
Question 2
Which of the following generally gets reduced during tradeoffs?
Answer
Time
Cost
Performance
Financial risks
Question 3
Assigning high, medium or low to a potential risk is part of:
Answer
Risk identification
Quantitative risk assessment
Qualitative risk assessment
Risk response
Question 4
Brainstorming, assumption analysis and WBS decomposition are techniques used for:
Answer
Risk identification
Risk assessment
Risk monitoring and control
Risk handling
Question 5
Which of the following is not considered to be an insurable risk?
Answer
Direct property damage
Indirect consequential loss
Legal liability
Inflation
Question 6
If a project manager awards a firm-fixed price contract to a supplier, he / she is using:
Answer
Acceptance/Assumption
Avoidance
Control/mitigation
Transfer
Question 7
Monte Carlo simulation is a technique used as part of:
Answer
Risk identification
Risk assessment
Risk monitoring and control
Risk handling
Question 8
Which risk handling mode is a project manager using if he / she throws out one of three designs for a new product?
Answer
Acceptance/Assumption
Avoidance
Control/mitigation
Transfer
Question 9
A technique that uses a series of probability distributions and then transforms them into various risks is called:
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