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Bank of Midterm 2 multiple choice and true/false questions

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Project Management Exam 2

Question 1 of 34

1

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

Select one of the following:

  • Scope Statement

  • Network Logic Diagram

  • Work Breakdown Structure

  • Requested Change

Explanation

Question 2 of 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?

Select one of the following:

  • 0.8

  • 1.2

  • 0.5

  • 0.4

Explanation

Question 3 of 34

1

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

Select one of the following:

  • Conceptual

  • Detailed Design

  • Implementation

  • Execution

Explanation

Question 4 of 34

1

Cost baseline is usually represented using which curve or line.

Select one of the following:

  • slanted line

  • S-curve

  • Z-curve

  • PQ curve

Explanation

Question 5 of 34

1

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

Select one of the following:

  • calculate the free float for each activity

  • calculate the total float for each activity

  • score a touchdown

  • find the critical path

Explanation

Question 6 of 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.

Select one of the following:

  • True
  • False

Explanation

Question 7 of 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?

Select one of the following:

  • 18 days

  • 25.5 days

  • 15 days

  • 16 days

  • 17 days

Explanation

Question 8 of 34

1

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

Select one of the following:

  • True
  • False

Explanation

Question 9 of 34

1

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

Select one of the following:

  • Contingency

  • Free Float

  • Total Float

  • Critical Path

Explanation

Question 10 of 34

1

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

Select one of the following:

  • Contingency

  • Total Float

  • Free Float

  • Critical Path

Explanation

Question 11 of 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:

Select one of the following:

  • Occupation Standards and Health Agency

  • Observe Safe Highways Always

  • Outside Safety and Health Administration

  • Occupational Safety and Health Administration

Explanation

Question 12 of 34

1

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

Select one of the following:

  • 50/50

  • 30/70

  • 40/60

  • 75/25

Explanation

Question 13 of 34

1

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

Select one of the following:

  • Ahead of schedule and under budget

  • Ahead of schedule and over budget

  • Behind schedule and over budget

  • Behind schedule and under budget

Explanation

Question 14 of 34

1

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

Select one of the following:

  • Start to start

  • Start to finish

  • Finish to start

  • Finish to Finish

Explanation

Question 15 of 34

1

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

Select one of the following:

  • project design

  • project closing

  • project executing

  • project initiating

Explanation

Question 16 of 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?

Select one of the following:

  • 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

Explanation

Question 17 of 34

1

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

Select one of the following:

  • Direct field cost

  • Indirect project cost

  • Profit

  • Contingency

  • None of the Above

Explanation

Question 18 of 34

1

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

Select one of the following:

  • 40 percent complete

  • 80 percent complete

  • 100 percent complete

  • 120 percent complete

Explanation

Question 19 of 34

1

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

Select one of the following:

  • BAC = ACWP

  • ACWP=BCWP

  • SV=0

  • BAC=ETC (estimated cost to complete)

Explanation

Question 20 of 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...

Select one of the following:

  • 10,000

  • 12,000

  • 14,000

  • Cannot be determined

Explanation

Question 21 of 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?

Select one of the following:

  • Critical path method

  • Flowchart analysis

  • Precedence diagramming

  • Work breakdown structure

Explanation

Question 22 of 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?

Select one of the following:

  • 100,000

  • 114,500

  • 117,000

  • 119,500

Explanation

Question 23 of 34

1

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

Select one of the following:

  • Initiation

  • Planning

  • Execution

  • Closeout

Explanation

Question 24 of 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)

Select one of the following:

  • True
  • False

Explanation

Question 25 of 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)

Select one of the following:

  • True
  • False

Explanation

Question 26 of 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.

Select one of the following:

  • Conceptual

  • Feasibility

  • Budget Authorization

  • Bid

Explanation

Question 27 of 34

1

What are the best uses of PERT?

Select one of the following:

  • 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

Explanation

Question 28 of 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.

Select one of the following:

  • True
  • False

Explanation

Question 29 of 34

1

A proper Work Breakdown Structure includes:

Select one of the following:

  • 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

Explanation

Question 30 of 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.

Select one of the following:

  • True
  • False

Explanation

Question 31 of 34

1

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

Select one of the following:

  • Technology changes

  • Forecast errors due to economic conditions

  • Analysis Errors

  • A & B

  • All of the Above

Explanation

Question 32 of 34

1

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

Select one of the following:

  • True
  • False

Explanation

Question 33 of 34

1

A cost performance index (CPI) of 0.89 means

Select one of the following:

  • 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

Explanation

Question 34 of 34

1

An Organizational Breakdown Structure (OBS) can include

Select one of the following:

  • 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

Explanation

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