Project Management 91 Quiz Answer Key 2

Which component of SMART is C missing from the goal "Lisa will host a graduation party immediately following the graduation ceremony?" A. Action-oriented B. Realistic C. Measurable D. Time phased Which of the following should a project manager do to prepare for the scope approval process? A. Invite the project team to attend the scope approval meeting. B. Remove conflicting stakeholder expectations from the project scope. C. Identify as many project sponsors as possible to increase the likelihood of approval. D. Determine the approvals that are required for sponsors to sign-off on. D A company wants to add a B quality inspection station to its assembly line.What type of project does this represent? A. Service B. Process C. People D. Technology Which of the following individuals listed in the RACI performs the project work? A. Accountable B. Informed C. Responsible D. Consulted C Which of the statements below A is NOT true about people resources? A. People resources should be employees of the organization. B. People resources will include individuals preassigned to be part of the project team. C. People resources should include individuals with the expertise to accomplish each part of the project. D. People resources include the project manager and the project management support staff. James manages a project to build a new pavilion at an elementary school. The concrete floor takes three hours to pour, and three days to set.Which of the following best describes the time between when the concrete is poured, and when the floor is done? A. Lag time B. Dependent time C. Overall time D. Lead time A Which of the following C describes the Actual budgeting method? A. Estimates a value for each project activity B. Allows for cost overages C. Does not include overhead costs D. Considers historical budgets Which statement describes a Fixed Bid contract? A. The dollar amount is based on the items needed to complete a segment of project work. B. The dollar amount for completing a segment of project work varies. C. This is a specific dollar amount for completing a segment of project work. D. The dollar amount is based on the number of days needed to complete a segment of project work. C Which of the following is true B regarding classifying and recording risks? A. Contingencies are needed for all identified risks. B. The risk register should be updated as a project progresses. C. Risks are initially identified during the Planning Phase of a project. D. A low probability risk has little negative effect on the success of a project. Allen needs to know about actions related to a project he is associated with, however, he is not asked to provide advice and he has no decision-making authority. Which of the following RACI elements is assigned to Allen? A. Accountable B. Responsible C. Informed D. Consulted C In which of the following ways A are activities different from tasks? A. Tasks are subordinate to activities. B. Activities are minor pieces of project work. C. Activities provide specificity regarding the project work. D. Tasks are used for sequencing the project work. Which of the following is D correct about gaining approval for a project plan? A. Before it can be approved, the plan must be established as the baseline for the project. B. The schedule cannot be adjusted. C. The plan is accepted as is. D. Most projects require formal stakeholder approval. The color yellow indicate on a project dashboard indicates which of the following? A. Activity is complete B. Activity has not started C. Activity is in progress C Which of the following is the C first step in creating a WBS? A. Verify that the work has been properly sequenced B. Identify all tasks needed to make the work manageable C. Refer to the scope to identify the deliverable D. Identify all activities needed for the project In which of the following ways is estimating effort different from estimating time? A. Effort estimates focus more on general activities than on specific tasks. B. Effort estimates include values for the length of time for project work. C. Effort estimates focus more on the labor required to complete project work. D. Effort estimates consider the equipment needed by people to perform tasks. C Which of the following is true regarding project planning? A. The project plan can be completed without including a communication plan. B. The work breakdown structure is completed last. C. Once a component is defined, it is not revisited again. D. Multiple components can be worked on at the same time. D Tracy managed a project for a publishing company. Her team worked with a college professor to publish a new math textbook. Which scenario illustrates a resource risk? A. The professor refuses to approve the cover of the book. B. The author thought that the publishing team would create the end-of-chapter questions and answers. C. The original estimate for binding the books was two weeks. The bindery informs Tracy that it will take three weeks to complete the binding process. D. The copy editor for the textbook becomes seriously ill, so Tracy must hire a new copy editor. D Leon started a project to C design and create a new video game for the animation studio where he develops graphics and animations for video games and movies.Which item below would be considered an overhead cost? A. Research time to develop characters and stories B. Packaging for the video game C. Computers used by staff during the project D. Animations created for the game Which piece of information below is included in a resource agreement? A. Effort estimates B. Dependencies C. Time estimates D. Contingencies C