Tori Wittman
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Bank of Midterm 2 multiple choice and true/false questions

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Tori Wittman
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Project Management Exam 2

Frage 1 von 34

1

A document called ______________ is created by decomposing the project scope into smaller, more manageable elements.

Wähle eine der folgenden:

  • Scope Statement

  • Network Logic Diagram

  • Work Breakdown Structure

  • Requested Change

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Frage 2 von 34

1

You are working on a project to build a bridge. You have reached the planned halfway mark. The total planned cost at this stage is $500. The actual physical work that has been completed at this stage is worth $400. You have already spent one thousand dollars on the project. What is the CPI?

Wähle eine der folgenden:

  • 0.8

  • 1.2

  • 0.5

  • 0.4

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Frage 3 von 34

1

Preliminary cost estimates are developed during the __________ phase of the project.

Wähle eine der folgenden:

  • Conceptual

  • Detailed Design

  • Implementation

  • Execution

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Frage 4 von 34

1

Cost baseline is usually represented using which curve or line.

Wähle eine der folgenden:

  • slanted line

  • S-curve

  • Z-curve

  • PQ curve

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Frage 5 von 34

1

By completing a forward pass a project scheduler can...

Wähle eine der folgenden:

  • calculate the free float for each activity

  • calculate the total float for each activity

  • score a touchdown

  • find the critical path

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Frage 6 von 34

1

A contractor with an Experience Modification Rate (EMR) of 0.9 regarding accident claims will most likely pay more than the industry average for worker's compensation insurance.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 7 von 34

1

You are planning to use PERT for planning of your project. A task has pessimistic estimate of 24 days, most likely estimate of 15 days, and optimistic estimate of 12 days. What is the mean using the PERT technique?

Wähle eine der folgenden:

  • 18 days

  • 25.5 days

  • 15 days

  • 16 days

  • 17 days

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Frage 8 von 34

1

The critical path is the set of events that cannot be delayed without causing an extension of the project

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 9 von 34

1

____________ is the number of days that an activity can be delayed without extending the project minimum duration.

Wähle eine der folgenden:

  • Contingency

  • Free Float

  • Total Float

  • Critical Path

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Frage 10 von 34

1

_________________ is the amount of money added to the base estimate to account for risk and uncertainty

Wähle eine der folgenden:

  • Contingency

  • Total Float

  • Free Float

  • Critical Path

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Frage 11 von 34

1

IN 1970, the federal government began a process of providing a comprehensive set of safety rules and regulations, inspection procedures, and safety record-keeping requirements. OSHA was established at this time. OSHA stands for:

Wähle eine der folgenden:

  • Occupation Standards and Health Agency

  • Observe Safe Highways Always

  • Outside Safety and Health Administration

  • Occupational Safety and Health Administration

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Frage 12 von 34

1

The typical construction worker's (craftwork) productive versus nonproductive time can be broken down by percent of time to the following

Wähle eine der folgenden:

  • 50/50

  • 30/70

  • 40/60

  • 75/25

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Frage 13 von 34

1

If BCWS=1000, BCWP=1200, and ACWP=1300, the project is...

Wähle eine der folgenden:

  • Ahead of schedule and under budget

  • Ahead of schedule and over budget

  • Behind schedule and over budget

  • Behind schedule and under budget

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Frage 14 von 34

1

Which activity-to-activity relationship model is assumed when creating a critical path method network diagram?

Wähle eine der folgenden:

  • Start to start

  • Start to finish

  • Finish to start

  • Finish to Finish

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Frage 15 von 34

1

A rough order of magnitude estimate is made during which phase of a project?

Wähle eine der folgenden:

  • project design

  • project closing

  • project executing

  • project initiating

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Frage 16 von 34

1

A construction project has a schedule performance index (SPI) of 1.19 and a cost performance index (CPI) of 0.88. Which of the following is the best explanation for why this occurred?

Wähle eine der folgenden:

  • Unfavorable work conditions

  • Labor rates too high and critical path changed

  • Overstaffing of work

  • Non-critical path activities took less time and cost 12% less

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Frage 17 von 34

1

Project expenses paid by the owner to pay for payroll services provided by the contractors home office is what type of cost?

Wähle eine der folgenden:

  • Direct field cost

  • Indirect project cost

  • Profit

  • Contingency

  • None of the Above

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Frage 18 von 34

1

If BAC (budgeted at completion) for a work package is $10,000 and BCWP=$4,000, the the work package is...

Wähle eine der folgenden:

  • 40 percent complete

  • 80 percent complete

  • 100 percent complete

  • 120 percent complete

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Frage 19 von 34

1

When a project is completed, which of the following must be true?

Wähle eine der folgenden:

  • BAC = ACWP

  • ACWP=BCWP

  • SV=0

  • BAC=ETC (estimated cost to complete)

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Frage 20 von 34

1

If BAC=$24,000, BCWP=$12,000, ACWP=$10,000 and CPI=(BCWP/ACWP)=1.2, then the cost that remains to finish the project is...

Wähle eine der folgenden:

  • 10,000

  • 12,000

  • 14,000

  • Cannot be determined

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Frage 21 von 34

1

To control the schedule, a project manager is reanalyzing the project to predict project duration She does this by analyzing the sequence of activitie with the least amount of scheduling flexibility. What technique is she using?

Wähle eine der folgenden:

  • Critical path method

  • Flowchart analysis

  • Precedence diagramming

  • Work breakdown structure

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Frage 22 von 34

1

You are the project manager of a construction project. The original scope baseline of the project was budgeted at $100,000. Since work on the project start, there have been seventeen authorized and approved changed to the project. The changes have a value of $17,000. There is also an additional change order for $2,500 that has been paid but not yet approved by the owner. What should you report as the current budget for the project?

Wähle eine der folgenden:

  • 100,000

  • 114,500

  • 117,000

  • 119,500

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Frage 23 von 34

1

During the project life cycle, in which part of the life cycle will risk be the lowest?

Wähle eine der folgenden:

  • Initiation

  • Planning

  • Execution

  • Closeout

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Frage 24 von 34

1

In critical path scheduling, total float is calculated as the sum of an activity's early start and the late start (TF = LS + ES)

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 25 von 34

1

Cost Performance Indicator is an index showing the efficiency of the utilization of the resources on the project. Cost Performance Indicator can be calculated using the following formula: CPI = Actual Cost (AC)/Earned Value (EV)

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 26 von 34

1

According to the Association for the Advancement of Cost Engineering (AACE), Class 2 cost estimates are developed during the ___________ phase of the project.

Wähle eine der folgenden:

  • Conceptual

  • Feasibility

  • Budget Authorization

  • Bid

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Frage 27 von 34

1

What are the best uses of PERT?

Wähle eine der folgenden:

  • Used in the planning phase to do "what if" scenarios for the project.

  • Assist in the controlling of changes to the project.

  • Is used in the process of preparing a WSB for the project.

  • To measure future consequences of activities.

  • A & D

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Frage 28 von 34

1

Activities with little total float are called "near-critical" activities, because they can quickly become critical if their small amount of total float is used up in a delay.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 29 von 34

1

A proper Work Breakdown Structure includes:

Wähle eine der folgenden:

  • Physical components of the final constructed product.

  • Activities required to construct the final product that do not directly build a physical component.

  • Both physical components of the final constructed product and activities required to construct the final product that do not directly build a physical component.

  • The responsibilities of specific project organizations or people for specific wok packages.

  • None of the above

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Frage 30 von 34

1

The Spearin doctrine is a legal principle that holds that when a contractor follows the plans and specifications furnished by the owner, and those plans and specifications turn out to be defective or insufficient, the contractor is not liable to the owner for any loss or damage resulting from the defective plans and specifications.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 31 von 34

1

According to CVEN 349 lecture and the text, forecasts of future costs can be uncertain due to

Wähle eine der folgenden:

  • Technology changes

  • Forecast errors due to economic conditions

  • Analysis Errors

  • A & B

  • All of the Above

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Frage 32 von 34

1

For most construction activities there may be no direct relationship between elapsed time, actual work, and incurred costs?

Wähle eins der folgenden:

  • WAHR
  • FALSCH

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Frage 33 von 34

1

A cost performance index (CPI) of 0.89 means

Wähle eine der folgenden:

  • At this time, we expect the total project to cost 89 percent more than planned

  • When the project is completed, we will have spent 89 percent more than planned

  • The project is only progressing at 89 percent of that planned

  • The project is only getting 89 cents out of every dollar invested

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Frage 34 von 34

1

An Organizational Breakdown Structure (OBS) can include

Wähle eine der folgenden:

  • Activities required to construct the final product that do not directly build a physical component

  • Both physical components of the final constructed product and activities required to construct the final product that do not directly build a physical component

  • The responsibilities of specific project organizations or people for specific work packages

  • None of the above

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