Project Management Quiz 2

1. The president of a software company remarks in a speech that new technologically advanced software will be available in one year. This is an example of reducing project duration caused by: A. Imposed project deadlines B. Time to market C. Unforeseen project delays D. High overhead E. Incentive contracts A 2. Intense global competition and rapid technological advances create pressure on developing projects rapidly. This is an example of reducing project duration caused by: A. Imposed project deadlines B. Time to market C. Unforeseen project delays D. High overhead E. Incentive contracts B 3. 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: A. Imposed project deadlines B. Time to market C. Unforeseen project delays D. High overhead E. Incentive contracts E 4. Adverse weather, design flaws, and equipment breakdown can create negative slack. This is an example of reducing project duration caused by: A. Imposed project deadlines B. Time to market C. Unforeseen project delays D. High overhead E. Incentive contracts C 5. Total project costs include all of the following except: A. Supervision B. Administration C. Project manager's salary D. Interest E. All of these are included in total project costs E 6. Which of the following is not considered a project indirect cost? A. Supervision B. Consultants C. Equipment D. Interest E. All of these are considered project indirect costs C 7. Project costs are generally classified as ____ costs. A. Direct B. Indirect C. Overhead D. Both A and B are correct E. A, B, and C are all correct D 8. Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time. A. Normal B. Budget C. Optimized D. Expected E. Target A 9. The shortest possible time an activity can be completed realistically is called ___ time. A. Expedited B. Accelerated C. Crash D. Optimistic E. Optimal C 10. The most common response for meeting unattainable deadlines is to A. Reduce or scale back the scope of the project. B. Decrease the critical paths C. Crash all elements of the project D. Change the time to market statement E. B, and C are correct A 11. ____ costs are incurred when completing an activity in its realistically shortest time. A. Normal B. Reserve C. Crash D. Accelerated E. Expedited C 12. An activity's crash costs include ____ costs. A. Direct B. Indirect C. Overhead D. Both A and B are correct E. A, B, and C are correct A 13. Cost slope can be determined by dividing the A. Run by the rise B. Rise by the run C. Crash cost by the normal cost D. Normal cost by the crash cost E. Both B and C are correct Cost slope = Rise/Run B 14. The less steep the cost slope of an activity, the A. Less it costs to shorten one time period B. More it costs to shorten one time period C. Smaller the crash time D. Larger the crash time E. Cannot be determined by the information given A 15. Which of the following correctly calculates an activity's cost slope? A. (normal cost-crash cost)/(normal time-crash time) B. (crash cost-normal cost)/(normal time-crash time) C. (normal time-crash time)/(crash cost-normal cost) D. (normal time-crash time)/(normal cost-crash cost) E. (crash cost-normal cost)/(crash time-normal time) B 16. An activity's cost slope represents an activity's A. Total cost per unit of time B. Cost per unit of time C. Indirect cost per unit of time D. Both B and C are correct E. A, B, and C are all correct B 17. In selecting the best activity to reduce you would first select the activity with the A. Earliest start time B. Steepest slope C. Least steep slope D. Longest duration E. Largest crash time C 18. The optimum duration for a project is at the point where: A. Direct costs are the lowest B. Indirect costs are the lowest C. Direct costs equal indirect costs D. Total project costs are the lowest E. The project changes from time-constrained to resource-constrained D 19. Creating a Project Cost-Duration graph is useful: A. During the pre-project planning phase B. After the project has begun C. After the completion of the project D. Both A and B are correct E. A, B, and C are all correct D 20. Crashing a project should occur: A. As early as possible B. As late as possible C. Midway through the project D. Both A and C are correct E. Cannot be determined with the information given E 21. If a network has several critical or near-critical paths it is deemed to be: A. Well planned B. The lowest cost alternative C. Resource-constrained D. Sensitive E. Insensitive D 22. The project direct-cost line near the normal point is usually: A. Sloped steeply B. Relatively flat C. Rising D. Falling E. Gently sloped B 23. The relationship between cost and time for various durations is assumed to be: A. Linear B. Curvilinear C. Variable D. Conversely related E. Exponentially related A 24. A common method for shortening the project time is to: A. Adding resources B. Schedule overtime C. Subcontract an activity D. Both A and B are correct E. A, B, and C are all correct E 25. A positive situation where moving toward the optimum time can result in very real, large savings—this occurs when the network is: A. Insensitive B. Sensitive C. Ahead of schedule D. Shifting to the critical chain E. Implementing a fast-tracking system A 26. Which of the following is/are included in a Project Cost-Duration Graph? A. Total indirect cost B. Total direct cost C. Total project cost D. Both A and B are correct E. A, B, and C are all correct E 27. One way of reducing project costs is identifying tasks that _________ can do themselves. A. Vendors B. Suppliers C. Customers D. Company employees E. Project teams C 28. The most common method for shortening project time is to A. Subcontract activities B. Compromise the quality C. Add additional staff and equipment D. Work overtime E. Reduce the project scope C 29. Which of the following is not one of the more commonly used options for cutting project costs? A. Reduce project scope B. Have owner take more responsibility C. Moving the completion date further out D. Brainstorming cost savings options E. Outsourcing project activities C 30. Which of the following is the most common method for shortening project time? A. Assigning additional staff and equipment B. Subcontract work C. Schedule overtime D. Reduce project scope E. Reduce the quality A 31. According to Brooks' Law, adding more people to a late project is most likely to have which of the following impact? A. Keep the project from slipping any further B. Get the project back on schedule C. Make the project slips further D. Both A and B are correct E. None of these relate to Brooks' Law C 32. Which of the following is the easiest method for shortening project time? A. Assigning additional staff and equipment B. Subcontract work C. Schedule overtime D. Reduce project scope E. Reduce the quality C 33. Which of the following is not one of the techniques for accelerating project completion? A. Assigning additional staff and equipment B. Establish a core team C. Do it twice—fast and correctly D. Reduce project scope E. All of these are acceptable techniques E 34. When the project team is salaried, which of the following is the preferred choice for accelerating project completion? A. Assigning additional staff and equipment B. Subcontract work C. Schedule overtime D. Work longer hours E. Both C and D are preferred choices E 35. The Snapshot from Practice "Cell-Phone Wars" is an excellent example of reducing project duration due to: A. Imposed project deadlines B. Time to market C. Unforeseen project delays D. High overhead E. Incentive contracts B Answer