Deck 7: Managing Project Resources

Question 1

Under conditions of unlimited resources the critical path:

A)and the critical chain are equal.
B)is shorter than the critical chain.
C)is longer than the critical chain.
D)is not affected by the critical chain.

Answer 1

A

Question 2

Any activity on the critical path:

A)contains total slack.
B)is called critical activity.
C)is represented in blue in Microsoft Project.
D)contains free slack.

Answer 2

B

Question 3

The elapsed time between start and finish of an activity is referred to as:

A)effort.
B)length.
C)duration.
D)time.

Answer 3

C

Question 4

The process used to determine the magnitude and criticality of schedule variations is called:

A)criticality assessment.
B)order- of- magnitude estimation.
C)performance measurement.
D)critical path model.

Question 5

The time an activity can be delayed without affecting the immediately following activity is called:

A)lag time.
B)free slack.
C)lead time.
D)total slack.

Question 6

All of the following are techniques for estimating activity duration EXCEPT:

A)psychometric estimating.
B)expert judgment.
C)reserve analysis.
D)analogous estimating.

Question 7

The actual time spent working on an activity, not accounting for any breaks, is called:

A)length.
B)time.
C)effort.
D)duration.

Question 8

________ is any form of network analysis where resource management issues drive scheduling decisions.

A)Resource management
B)Schedule leveling
C)Resource analysis
D)Resource leveling

Question 9

A ________ is a control system developed to outline the process for the evaluation and implementation of schedule changes.

A)schedule change control system
B)scope control system
C)project control system
D)schedule model control system

Question 10

The ________ is a dedicated part of the organization whose purpose is to focus on various aspects of project management and provide services to the rest of the organization along those dimensions.

A)project management office
B)project support office
C)project maintenance office
D)project management bureau

Question 11

A ________ contains data and information that are compiled and used in conjunction with manual methods or project management software to perform schedule network analysis and to generate the schedule.

A)project management plan
B)schedule repository
C)project workbook
D)schedule model

Question 12

The estimation of activities' durations based upon the duration of similar activities is called:

A)similarity estimating.
B)psychometric estimating.
C)parametric estimating.
D)analogous estimating.

Question 13

Dates imposed to meet some type of development deadline are called:

A)external dependencies.
B)imposed dates.
C)mandatory dates.
D)none of the above.

Question 14

The critical path in a network diagram illustrates the:

A)effect of accumulated slack.
B)longest time in which a project is completed.
C)importance of resource leveling.
D)shortest time in which a project can be completed.

Question 15

Hard data from specific activities carried out on previous projects that may be used to more accurately estimate resource needs is called:

A)expert judgment.
B)bottom- up estimating.
C)alternatives analysis.
D)published estimating data.

Question 16

The estimation based on the experience of one or more experts on the particular activity or project is called:

A)published estimating data.
B)expert judgment.
C)bottom- up estimating.
D)alternatives analysis.

Question 17

The sequence of activities:

A)can be determined without considering resources.
B)cannot be determined without considering resources.
C)can only be determine when considering resources.
D)none of the above.

Question 18

In information systems development projects, ________ would be (an)example(s)of capital resources.

A)the project manager
B)both the development platform and the technical platform the software resides on
C)the development platform
D)the technological platform the software resides on

Question 19

The time an activity can be delayed without affecting the overall completion date of a project is called:

A)lag time.
B)free slack.
C)total slack.
D)lead time.

Question 20

________ is an estimating technique in which trade- offs between the time needed, the resources invested, and the desired quality of the final deliverable are examined.

A)Alternatives analysis
B)Published estimating data
C)Expert judgment
D)Bottom- up estimating

Question 21

Managing resources should be considered:

A)during execution of a project.
B)during all stages of a project.
C)during initiation and planning of a project.
D)during control and close- out stages of a project.

Question 22

The longest path through a network diagram, considering both task dependencies and resource dependencies is called:

A)critical path.
B)resource chain,
C)critical chain.
D)resource path.

Question 23

All of the following are tools and techniques to estimate resources EXCEPT:

A)expert judgment.
B)activity- resource analysis.
C)bottom- up estimating.
D)alternative analysis.

Question 24

Crashing and fast- tracking are ________ techniques.

A)schedule adjustment
B)schedule compression
C)path adjustment
D)schedule shortening

Question 25

Inputs into the activity resource estimating process include:

A)process assets.
B)enterprise environmental factors.
C)outputs from prior stages of the project.
D)all of the above.

Question 26

________ is a technique that is used to estimate project duration when individual activity duration estimates are uncertain.

A)Likelihood procedure
B)Three- point estimate
C)OPR- method
D)PERT

Question 27

________ use a process of evaluating alternative strategies by observing how changes to selected factors affect other factors and outcomes.

A)What- if analyses
B)Monaco analyses
C)If- then analyses
D)Monte Carlo analyses

Question 28

Resources:

A)affect both the time and the cost of a project.
B)do not affect a project much.
C)affect the time to complete a project.
D)affect the cost of a project.

Question 29

________ is a technique used to establish contingency reserves during a project to guard against potential risks.

A)Reserve analysis
B)Contingency planning
C)Contingency analysis
D)Buffering

Question 30

The estimation of activities' durations using some type of mathematical process is called:

A)mathematical estimating.
B)psychometric estimating.
C)econometric estimating.
D)parametric estimating.

Question 31

________ is an analysis used to evaluate the effects of variance on the schedule of project activities.

A)Schedule variance assessment
B)Performance measurement
C)Schedule variation control
D)Variance analysis

Question 32

________ is the process of estimating the duration of the project activities using both project scope and resource information.

A)Project duration estimation
B)Scope duration estimation
C)Resource estimation
D)Activity duration estimation

Question 33

Resource allocation:

A)plays a large role in determining activity duration.
B)is mostly an easy task.
C)is overrated.
D)does not affect activity duration.

Question 34

The longest path through a network diagram is the:

A)critical chain.
B)longest path.
C)network path.
D)critical path.

Question 35

The process of determining start and finish dates for project activities is called:

A)schedule development.
B)network diagramming.
C)start- finish analysis.
D)time management.

Question 36

________ is an estimating technique in which complex activities are further decomposed to a point where more accurate estimates can be made.

A)Expert judgment
B)Published estimating data
C)Alternatives analysis
D)Bottom- up estimating

Question 37

The use of mathematical techniques to shorten a project's duration is called:

A)schedule compression.
B)crashing.
C)PERT.
D)fast- tracking.

Question 38

The performance of activities in parallel that would normally be performed in sequence in an attempt to shorten the duration of a project is called:

A)crashing.
B)schedule compression.
C)fast- tracking.
D)PERT.

Question 39

________ is the measure of the alternative opportunities forgone in the choice of one good or activity over others.

A)Opportunity cost
B)Prospect cost
C)Forgone cost
D)Sunk cost

Question 40

The process of putting procedures and rules in place for controlling changes to the project schedules is called:

A)schedule management.
B)schedule procedure manual.
C)schedule model.
D)schedule control.

Question 41

________ slack is the time and activity can be delayed without affecting the overall completion date of a project.

Question 42

The prudent project manager should provide ________ rather than point estimates.

Question 43

Resource leveling heuristics are ________ used to allocate resources to project activities.

A)rules of thumb
B)policies
C)hard- and- fast rules
D)preferences

Question 44

________ are probabilistic analyses used to calculate the distribution of results.

A)Monaco simulations
B)Monte Carlo simulations
C)Bellagio simulations
D)Vegas simulations

Question 45

The selection of personnel may be influenced by the availability, costs, and ________ of the resource pool the project manager has access to.

Question 46

What are examples of resources?

A)Money, people, and materials
B)Technology and space
C)All of the above
D)None of the above

Question 47

The critical path method determines the sequence of task activities that directly affect the completion of a project by:

A)determining the longest path through a network diagram.
B)subtracting the shortest path from the longest path in a network diagram.
C)adding all activities in a network diagram.
D)determining the shortest path through a network diagram.

Question 48

A fundamental part of scheduling a project is to determine the tasks' durations, which involves ________ that need to be assigned to the tasks.

Question 49

The shortest time in which a project can be completed is shown by the:

A)shortest path.
B)longest path.
C)addition of all paths.
D)crucial path

Question 50

Critical chain scheduling:

A)does not use feeding buffers.
B)is not concerned with resources.
C)eliminates all buffers from the project.
D)eliminates any buffers from individual activities to create a project buffer.

Question 51

Human resources include:

A)support staff.
B)customers.
C)end users.
D)all of the above.

Question 52

The process of calculating expected, early, and late start and finish dates of a project is called:

A)schedule network analysis.
B)reserve analysis.
C)PERT analysis.
D)EEL analysis.

Question 53

The ________ is a very detailed listing of the resource requirements for the individual activities.

A)resource breakdown schedule
B)bill of resources
C)activity list
D)activity resource requirements

Question 54

The critical chain method is used when activities contend for ________ .

Question 55

Capital resources are the tools and ________ used to produce other goods and services.

Question 56

In terms of project time management, resource allocation plays a large role in determining ________
.

Question 57

The estimation of activities' durations by averaging optimistic, pessimistic, and most likely estimates is called:

A)OPL- method.
B)likelihood procedure.
C)three- point estimates.
D)duration averaging.

Question 58

The practice of dedicating extra resources to a particular activity in an attempt to finish the activity sooner than the scheduled completion date is called:

A)fast- tracking.
B)schedule compression.
C)crashing.
D)PERT.

Question 59

A(n) ________ is a hierarchical, graphical representation of all needed resources ordered by type or category.

A)activity resource requirements
B)bill of resources
C)resource graph
D)resource breakdown schedule

Question 60

Using critical chain scheduling, a ________ is added to any noncritical activity feeding into a critical activity.

Question 61

The ________ aids project managers in determining when activities can be performed given resources and constraints.

Question 62

The critical path is the ________ through a network diagram.

Question 63

The sequence of activities can be determined ________ the resources.

Question 64

________ is performing activities in parallel that would normally be performed in sequence to shorten the duration of a project.

Question 65

Critical chain scheduling uses a ________ to protect the final due date of a project.

Question 66

________ is the elapsed time between the start and the finish of an activity.

Question 67

________ is a process used to determine the magnitude and criticality of schedule variations.

Question 68

The resources used to complete tasks may also influence the ________ of project deliverables.

Question 69

________ is the process of determining start and finish dates for project activities.

Question 70

________ are dates that are imposed to meet some form of development deadline.

Question 71

Published estimating data is a form of ________ .

Question 72

An activity on the critical path is referred to as a ________ .

Question 73

The activity resource requirements should include any ________ made during the estimation process.

Question 74

For almost any activity, there is a tradeoff between the time needed, the resources invested, and the ________ of the final deliverable.

Question 75

The longest path through a network diagram illustrates the ________ in which a project can be completed.

Question 76

________ are probabilistic analyses used to calculate a distribution of likely results.

Question 77

The ________ determines the process for evaluating and implementing potential schedule changes.

Question 78

A ________ is a hierarchical graphical representation of all needed resources ordered by category.

Question 79

Free slack is also known as ________ .

Question 80

________ is an analysis to evaluate the effects of variance on the schedule of project activities.