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ISDS 351 FINAL STUDY GUIDE

Terms in this set (50)

Question 1
Questions about how a team will track schedule performance is related to a project's scope.
False
True
False
Question 2
Joe is a project manager in an IT company and has over the years, gained substantial knowledge in his area of work. However, while managing his team, he often loses his temper. In addition, he fails to be an active listener when his team members approach him with work related challenges. In which of the following areas does Joe need to develop his skills in?
Human relations skills
Standards and regulations
Application area knowledge
Project environment knowledge
Human relations skills
Question 3
A project manager's primary role is to provide the funding for a project.
False
True
False
Question 4
Which of the following is a difference between low-end and midrange tools of the project management software?
Midrange tools provide basic project management features whereas low-end tools offer enterprise and portfolio management functions.
Midrange tools are designed to handle larger projects than low-end tools.
Low-end tools are designed to handle primarily multiple users whereas midrange tools are created to handle single users.
Low-end tools provide robust capabilities to handle dispersed workgroups whereas midrange tools do not.
Midrange tools are designed to handle larger projects than low-end tools.
Question 5
Which of the following is true of low-end tools of the project management software?
They are designed for especially large projects with multiple users.
They are referred to as an enterprise project management software.
They provide basic project management features.
Their main advantage is that they have unlimited functionality.
They provide basic project management features.
Question 6
In which of the following areas of management is payback analysis most likely to be used?
Quality
Human resource
Communication
Cost
Cost
Question 7
Which of the following provides certification as a Project Management Professional?
PMP
PMS
PMC
PMI
PMI
Question 8
In organizational culture, meanswer-end orientation refers to _____.
the degree to which management focuses on outcomes rather than on techniques and processes used to achieve results
the degree to which employees are encouraged to be aggressive, innovative, and risk seeking
the degree to which the organization monitors and responds to changes in the external environment
the degree to which rules, policies, and direct supervision are used to oversee and control employee behavior
the degree to which management focuses on outcomes rather than on techniques and processes used to achieve results
Question 9
Which of the following is a disadvantage of virtual teams as compared to traditional teams?
Reduced dependence on technology and processes for accomplishing work
Increased costs for office space and support
Limited flexibility in team working hours
Reduced opportunities for informal transwerfer of information
Reduced opportunities for informal transwerfer of information
Question 10
In a _____ organizational structure, personnel often report to both a functional manager and one or more project managers.
functional
matrix
project
symbolic
matrix
Question 11
Project managers and their teams must keep in mind the effects of any project on the interests and needs of the entire system or organization instead of focusing on the immediate concerns of the project.
True
False
True
Question 12
A(n) _____ refers to a product or service, such as a technical report, a training session, a piece of hardware, or a segment of software code, produced or provided as part of a project.
resource
system
deliverable
input
deliverable
Question 13
The best way to sustain a project is to withhold the required money, human resources, and visibility for the project.
True
False
False
Question 14
The _____ model of a systems development life cycle assumes that requirements will remain stable after they are defined.
incremental build life cycle
RAD life cycle
spiral life cycle
waterfall life cycle
waterfall life cycle
Question 15
An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection.
False
True
False
Question 16
_____ involves coordinating all planning efforts to create a consistent, coherent document.
Developing the project charter
Developing the project management plan
Developing the preliminary project scope statement
Developing the organizational process assets updates
Developing the project management plan
Question 17
The business case includes information on _____.
relevant government or industry standards
policies, procedures, guidelines, and systems that influence a project's success
the business need for the project
the project objective, high-level requirements, and time and cost goals
the project objective, high-level requirements, and time and cost goals
Question 18
_____ are new requirements imposed by management, government, or some external influence.
Directives
Charters
Opportunities
Problems
Directives
Question 19
A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.
False
True
False
Question 20
Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks?
Corrective actions
Preventive actions
Performance reports
Defect repairs
Preventive actions
Question 1
Soles is a footwear company which has recently set up its store in Ambrosia. To manufacture its products, Soles incurs a range of different costs. Which of the following would be an example of an indirect cost?
Salary paid to factory workers
Cost of leather used to manufacture shoes
Electricity used to run its factories
Cost of machines to produce shoes
Electricity used to run its factories
Question 2
It is important for project managers to understand that every cost estimate is unique.
False
True
True
Question 3
If the cost performance index (CPI) is less than 100 percent, the project is under budget.
False
True
False
Question 4
The process of controlling costs primarily involves:
managing changes to the project budget.
determining the policies for project costs.
finalising the procedures for project costs.
determining a basis for estimates.
managing changes to the project budget.
Question 5
Which of the following is true of analogous estimates?
Their main disadvantage is that they cost more than other techniques.
They are most reliable when previous projects are similar in fact with current projects.
They are the only technique which do not require expert judgement.
They use project characteristics in a mathematical model to estimate project costs.
They are most reliable when previous projects are similar in fact with current projects.
Question 6
Determining the budget involves allocating the project cost estimate to individual work items over time.
True
False
True
Question 7
A rough order of magnitude estimate can be referred to as a _____ estimate.
ballpark
final
definitive
budgetary
ballpark
Question 8
Supporting details for an estimate include the ground rules and assumptions used in creating the estimate.
True
False
True
Question 9
Which of the following is true of earned value?
It is based solely on the total cost estimate to be spent on an activity.
It is also known as the planned value.
It is the actual cost plus the planned cost.
It is an estimate of the value of the physical work actually completed.
It is an estimate of the value of the physical work actually completed.
Question 10
Spreadsheets are a common tool for cost estimating, cost budgeting, and cost control.
True
False
True
Question 1
A similarity between the crashing technique and the fast tracking technique is that:
both spread out tasks over a long period of time to ensure the quality of work is maintained.
both invariably result in increases in total project costs.
both can shorten the time needed to finish a project.
both are network diagramming techniques used primarily to predict total project duration.
both can shorten the time needed to finish a project.
Question 2
Which of the following is a relationship in which the "from" activity cannot start until the "to" activity is started?
Finish-to-finish
Start-to-finish
Start-to-start
Finish-to-start
Start-to-start
Question 3
A difference between the Program Evaluation and Review Technique (PERT) and critical path method (CPM) is that:
CPM involves more work than PERT because it requires several duration estimates.
PERT uses different duration estimates whereas CPM uses one specific duration estimate.
CPM addresses the risk associated with duration estimates whereas PERT does not.
unlike CPM, PERT estimates only when there is no risk of uncertainty.
PERT uses different duration estimates whereas CPM uses one specific duration estimate.
Question 4
Which of the following documents is most likely to include planned project start and end dates which serve as the starting points for a detailed schedule?
Project charter
Organizational process assets update
Milestones list
Resource breakdown structure
Project charter
Question 5
A schedule management plan includes information which describes the format and frequency of schedule reports required for the project.
True
False
True
Question 6
Which of the following is a network diagramming technique used primarily to predict total project duration?
Gantt chart
Arrow diagramming method
Critical path analysis
Resource breakdown structure
Critical path analysis
Question 7
An activity is an element of work that has an expected duration, cost, and resource requirements.
False
True
True
Question 8
Which of the following is an output of schedule control?
Milestones list
Lessons-learned reports
Activity attributes
Resource requirements
Lessons-learned reports
Question 9
In a network diagram, it is mandatory for every item on the WBS to be shown instead of only those activities with dependencies.
True
False
False
Question 10
In project time management, which of the following processes generate the main outputs of an activity list, activity attributes, and a milestone list?
Sequencing activities.
Defining activities.
Estimating activity durations.
Resource estimating activities.
Defining activities
Question 1
The primary output of the planning cost management process is a change request.
True
False
False
Question 2
Which of the following is true of tangible costs?
Their examples include goodwill and prestige.
They can be easily measured.
They cannot be calculated in monetary terms.
They are difficult to quantify.
They can be easily measured.
Question 3
It is important for project managers to understand that every cost estimate is unique.
True
False
True
Question 4
Which of the following is true of earned value?
It is also known as the planned value.
It is an estimate of the value of the physical work actually completed.
It is based solely on the total cost estimate to be spent on an activity.
It is the actual cost plus the planned cost.
It is an estimate of the value of the physical work actually completed.
Question 5
Estimates should become more accurate as time progresses.
True
False
True
Question 6
Which of the following is true of analogous estimates?
They are the only technique which do not require expert judgement.
They use project characteristics in a mathematical model to estimate project costs.
They are most reliable when previous projects are similar in fact with current projects.
Their main disadvantage is that they cost more than other techniques.
They are most reliable when previous projects are similar in fact with current projects.
Question 7
In an earned value chart, when the actual cost line is right on or above the earned value line, it indicates that costs are less than planned.
True
False
False
Question 8
The project management plan and project funding requirements are inputs of the process of controlling costs.
False
True
True
Question 9
Good Earth, a company manufacturing packaged food products, sets up its stores in Baltonia. However, a year later, the company closes the store down due to high operating costs. In such a scenario, the money spent in paying for the rent of the store in Baltonia would be an example of _____ costs.
direct
intangible
recurring
sunk
Sunk
Question 10
Budgetary estimates are made even before a project is officially started.
False
True
False
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