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Project Management Final
Terms in this set (29)
The project manager identifies 20 tasks needed to complete her project. She has four project team members available to assign to these activities. The process of assigning personnel to project activities is known as:
The correct definition of resource leveling is:
The process of creating a consistent (level) workload for the resources on the project, driven by resource constraints
Project resource constraints can involve any of the following examples?
All the above; poorly trained workers, lack of available materials, environmental / physical constraints
When adopting resource-leveling heuristics, which of the following are relevant decision rules?
The activities with the least slack time should have resources allocated to them first
One of the benefits of resource-loading charts is that they:
Graphically display the amount of resources required as a function of time
Your customer has requested a minor change to the project that "shouldn't impact the schedule." How should you respond?
Evaluate the impact of the change against the other project constraints
Resources should be estimated against which entity:
The schedule activities
When are the resource requirements estimated?
After the activities have been defined but before the schedule has been developed
Resource leveling is a method to
A technique in which start and finish dates are adjusted based on resource constraints with the goal of balancing demand for resources with the available supply
The objectives of resource smoothing are
To determine the resource requirements so that they will be available at the right time, and to allow each activity to be scheduled with the smoothest possible transition across resource usage levels
Suppose your PV for a project was $100,000 and your EV was $60,000. Your Schedule Performance Index (SPI) for this project would be:
SPI = EV / PV
Activity A is worth $500, is complete, and actually cost $500. Activity B is worth $1,000, is 50% complete, and has actually cost $700 so far. Activity C is worth $100, is 75% complete, and has actually cost $90 so far. What is the total earned value for the project?
(What the activity is worth * it's % complete)
Activity A is worth $500, is complete, and actually cost $500. Activity B is worth $1,000, is 50% complete, and has actually cost $700 so far. Activity C is worth $100, is 75% complete, and has actually cost $90 so far. What is the Cost Performance Index (CPI) for the project?
CPI = EV / AC
Earned value / actual cost
Activity A is worth $100, is complete, and actually cost $150. Activity B is worth $500, is 75% complete, and has actually cost $400 so far. Activity C is worth $500, is 25% complete, and has actually cost $200 so far. What is the estimated cost to completion for the project?
Estimate to completion is based on the formula (1/.80) * $1,100, or $1,375
Your project has been running into a series of unexpected problems, and at the latest project review meeting you calculated that the current schedule performance index was .70, while the cost performance index (CPI) was 1.35. Now the customer has asked for a scope change that looks to be a significant modification. What should your response be?
Alert top management about the pending schedule delays
A software coding project was scheduled to be finished today, after 12 weeks of work. You receive an updated EVM report on the progress of the coding suggesting that it has a schedule performance index (SPI) value of .75. Based on this information, when do you expect the coding to be finished?
In four more weeks
Your project control administrator submits an interim report to you stating that, as of the current period, your project has a CPI of 1.4. How should you interpret this information?
You are earning value on this project at 1.4 times the rate you had planned
When the schedule variance is equal to zero (SV = $0.00), what else is true?
Earned value must equal planned value
Your project is scheduled to last 3 months and cost $100,000. At the end of the first month, the project is 25% complete. What is the Earned Value?
($100,000 * 0.25)
When does a project close?
When it is canceled, runs out of money, and is successfully completed (All of the above)
You have just completed your project and have to confront the final activities your company requires when putting a project to bed. Which of the following activities is not expected to be part of the project closeout?
Your project is nearing completion. At your request, members of your project team are grouping together critical project documentation, including contracts and financial records, change orders, scope and configuration management materials, and supplier delivery records. This process involves the creation of which of the following?
The execution phase of the IT project has just finished. The goals of this project were to update order-entry systems for your company's shipping department. Which of the following is the next step in the process of completing the project?
Finishing the work
The team has just completed work on the project. By all accounts, this was a difficult project... At the close of the project, you hold an informal meeting with the team to discuss the problems and identify their sources, all with the goal of trying to prevent something like this from happening again. This process is known as what?
During project closeout, you are required to attend to activities related to:
-Conducting post-project review
-Obtain acceptance by the customer or sponsor to formally close the project
-Document lessons learned
During project closeout, you are required to attend to all these additional activities except:
Retain project resources into the foreseeable future as a precaution
The Closing Process Group in PMBoK refers to
Processes performed to finalize all activities to formally close the project or phase
Which of the following is a critical document to prepare during the closeout phase?
You have completed a transportation hub project for a difficult customer who has been dissatisfied with how your organization managed his project. The project has been delayed for several reasons— mostly due to the client's repeated change requests and unexpected adverse weather conditions—that have led to a final close-out that was six months delayed past the original plan. He plans to make a claim based on what he considers a commercial obligation on your part to compensate him for this lost business opportunity. What type of claim is he likely to make?
An ex-gratia claim
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