Question 1

The approved project scope statement and its associated WBS and WBS dictionary form the scope ____________________.

Accepted Answer

The answer of The approved project scope statement and its...

Question 2

You need to plan the project ____________________ and determine what activities need to be done before you can develop a detailed project schedule.

Accepted Answer

The answer of You need to plan the project ____________________...

Question 3

A work ____________________ is a task at the lowest level of the WBS.

Accepted Answer

The answer of A work ____________________ is a task at...

Question 4

Project ____________________ management involves defining and controlling what work is or is not included in a project.

Accepted Answer

The answer of Project ____________________ management involves defining and controlling...

Question 5

The main disadvantage of ____ is that it can end up lengthening the project schedule,because starting some tasks too soon often increases project risk and results in rework.
A) reviewing
B) crashing
C) extending
D) fast tracking

Accepted Answer

Fast tracking involves starting tasks before their preceding tasks are completed, which can lead to increased project risk and rework. While it may save time on the front end, it often results in delays overall, as the incomplete tasks may need to be revisited and revised later, thus extending the project schedule.

Question 6

Project ____ management includes the processes required to ensure that a project team completes a project within an approved budget.
A) control
B) delivery
C) cost
D) outlays

Accepted Answer

Cost management involves processes for planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget. Options A and B are incorrect as they do not specifically address budget constraints. Option D, "outlays," is a term that refers to actual expenses, but doesn't encompass the entire process of managing costs to stay within a budget.

Question 7

____ estimates,also called top-down estimates,use the actual cost of a previous,similar project as the basis for estimating the cost of the current project.
A) Homologous
B) Analogous
C) Sequential
D) Parallel

Accepted Answer

Analogous estimates use the actual cost of a previous, similar project as the basis for estimating the cost of the current project. This method is also known as top-down estimating or comparison estimating. Homologous estimates refer to estimating the cost of a new project based on the cost of a similar project in the past, but with adjustments made for differences between the two projects. Sequential and parallel refer to different types of project management methodologies and are not related to cost estimating.

Question 8

____ is a technique for making cost and schedule trade-offs to obtain the greatest amount of schedule compression for the least incremental cost.
A) Crashing
B) Deflating
C) Compacting
D) Minimizing

Accepted Answer

Crashing is the technique used for reducing the project schedule duration by adding resources to critical path activities. It involves analyzing the project schedule to identify activities critical to the project completion and then adding resources to those activities to compress the schedule. This technique is used to obtain the greatest amount of schedule compression for the least incremental cost. The other options, deflating, compacting and minimizing, are not associated with any cost and schedule trade-offs.

Question 9

A(n)____________________ is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.

Accepted Answer

The answer of A(n)____________________ is a deliverable-oriented grouping of the...

Question 10

A WBS ____________________ is a document that describes WBS tasks in detail.

Accepted Answer

The answer of A WBS ____________________ is a document that...

Question 11

____ estimates involve estimating individual activities and summing them to get a project total.
A) Bottom-up
B) Provisional
C) Ad hoc
D) Temporary

Accepted Answer

Bottom-up estimates involve breaking down a project into individual activities or tasks and estimating the time, effort, and resources required for each one. These estimates are then summed to get the total project estimate. This approach is considered more accurate and reliable than other methods such as provisional or ad hoc estimates. Temporary is not relevant to the question.

Question 12

A(n)____ path for a project is the series of activities that determine the earliest time by which the project can be completed.
A) integral
B) incidental
C) critical
D) vital

Accepted Answer

The critical path is the series of activities with zero float or slack time, meaning any delay in these activities will directly affect the project completion date. Therefore, it determines the earliest time by which the project can be completed. Option A is not appropriate as an integral path does not have a clear definition in project management terminology. Option B is incorrect as an incidental path does not exist in project management. Option D might seem an acceptable choice, but there is no specific term called vital path in project management.

Question 13

Slack or ____ is the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date.
A) leeway
B) float
C) redundancy
D) space

Accepted Answer

The term used to describe the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date is "float." The other choices are not typically used in project management to describe this concept.

Question 14

____ development uses the results of all the preceding project time management processes to determine the start and end dates of project activities and of the entire project.
A) Task
B) Schedule
C) Work Package
D) Activity

Accepted Answer

Schedule development is the process of determining start and end dates of project activities and the entire project based on the results of all the preceding project time management processes. Task, work package, and activity are all individual components of a project that are included in the schedule development process.

Question 15

The main output of scope definition is the scope ____________________.

Accepted Answer

The answer of The main output of scope definition is...

Question 16

A cost baseline is a(n)____ budget that project managers use to measure and monitor cost performance.
A) incidental
B) basic
C) time-phased
D) incremental

Accepted Answer

A cost baseline is a time-phased budget that represents the cost approved for the project. It is used as a measure and basis for comparison to measure the project's cost performance over time. The other choices, incidental, basic, and incremental, do not accurately describe the purpose or characteristics of a cost baseline in project management.

Question 17

A(n)____________________ is a starting point,a measurement,or an observation that is documented so that it can be used for future comparison.

Accepted Answer

The answer of A(n)____________________ is a starting point,a measurement,or an...

Question 18

To create a good WBS,you must understand both the project and its scope,and incorporate the needs and knowledge of the ____________________.

Accepted Answer

The answer of To create a good WBS,you must understand...

Question 19

Project ____________________ involves devising and maintaining a workable scheme to ensure that the project meets its scope,time,and cost goals as well as organizational needs.

Accepted Answer

The answer of Project ____________________ involves devising and maintaining a...

Question 20

Cost ____ involves allocating the overall cost estimate to individual tasks over time to establish a baseline for measuring performance.
A) estimating
B) account
C) allowance
D) budgeting

Accepted Answer

Cost budgeting involves allocating the estimated cost to individual tasks over time to establish a baseline for measuring performance. This helps in determining if the project is on track or if corrective measures need to be taken.

Quiz 4: Planning Projects, part I Project Integration, scope, time, and Cost Management

The approved project scope statement and its associated WBS and WBS dictionary form the scope ____________________.

You need to plan the project ____________________ and determine what activities need to be done before you can develop a detailed project schedule.

A work ____________________ is a task at the lowest level of the WBS.

Project ____________________ management involves defining and controlling what work is or is not included in a project.

The main disadvantage of ____ is that it can end up lengthening the project schedule,because starting some tasks too soon often increases project risk and results in rework.

Project ____ management includes the processes required to ensure that a project team completes a project within an approved budget.

____ estimates,also called top-down estimates,use the actual cost of a previous,similar project as the basis for estimating the cost of the current project.

____ is a technique for making cost and schedule trade-offs to obtain the greatest amount of schedule compression for the least incremental cost.

A(n)____________________ is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.

A WBS ____________________ is a document that describes WBS tasks in detail.

____ estimates involve estimating individual activities and summing them to get a project total.

A(n) ____ path for a project is the series of activities that determine the earliest time by which the project can be completed.

Slack or ____ is the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date.

____ development uses the results of all the preceding project time management processes to determine the start and end dates of project activities and of the entire project.

The main output of scope definition is the scope ____________________.

A cost baseline is a(n) ____ budget that project managers use to measure and monitor cost performance.

A(n)____________________ is a starting point,a measurement,or an observation that is documented so that it can be used for future comparison.

To create a good WBS,you must understand both the project and its scope,and incorporate the needs and knowledge of the ____________________.

Project ____________________ involves devising and maintaining a workable scheme to ensure that the project meets its scope,time,and cost goals as well as organizational needs.

Cost ____ involves allocating the overall cost estimate to individual tasks over time to establish a baseline for measuring performance.