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Project Management Exam 2

Description

Bank of Midterm 2 multiple choice and true/false questions
Tori Wittman
Quiz by Tori Wittman, updated more than 1 year ago
Tori Wittman
Created by Tori Wittman over 9 years ago
564
2
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Resource summary

Question 1

Question
A document called ______________ is created by decomposing the project scope into smaller, more manageable elements.
Answer
  • Scope Statement
  • Network Logic Diagram
  • Work Breakdown Structure
  • Requested Change

Question 2

Question
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?
Answer
  • 0.8
  • 1.2
  • 0.5
  • 0.4

Question 3

Question
Preliminary cost estimates are developed during the __________ phase of the project.
Answer
  • Conceptual
  • Detailed Design
  • Implementation
  • Execution

Question 4

Question
Cost baseline is usually represented using which curve or line.
Answer
  • slanted line
  • S-curve
  • Z-curve
  • PQ curve

Question 5

Question
By completing a forward pass a project scheduler can...
Answer
  • calculate the free float for each activity
  • calculate the total float for each activity
  • score a touchdown
  • find the critical path

Question 6

Question
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.
Answer
  • True
  • False

Question 7

Question
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?
Answer
  • 18 days
  • 25.5 days
  • 15 days
  • 16 days
  • 17 days

Question 8

Question
The critical path is the set of events that cannot be delayed without causing an extension of the project
Answer
  • True
  • False

Question 9

Question
____________ is the number of days that an activity can be delayed without extending the project minimum duration.
Answer
  • Contingency
  • Free Float
  • Total Float
  • Critical Path

Question 10

Question
_________________ is the amount of money added to the base estimate to account for risk and uncertainty
Answer
  • Contingency
  • Total Float
  • Free Float
  • Critical Path

Question 11

Question
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:
Answer
  • Occupation Standards and Health Agency
  • Observe Safe Highways Always
  • Outside Safety and Health Administration
  • Occupational Safety and Health Administration

Question 12

Question
The typical construction worker's (craftwork) productive versus nonproductive time can be broken down by percent of time to the following
Answer
  • 50/50
  • 30/70
  • 40/60
  • 75/25

Question 13

Question
If BCWS=1000, BCWP=1200, and ACWP=1300, the project is...
Answer
  • Ahead of schedule and under budget
  • Ahead of schedule and over budget
  • Behind schedule and over budget
  • Behind schedule and under budget

Question 14

Question
Which activity-to-activity relationship model is assumed when creating a critical path method network diagram?
Answer
  • Start to start
  • Start to finish
  • Finish to start
  • Finish to Finish

Question 15

Question
A rough order of magnitude estimate is made during which phase of a project?
Answer
  • project design
  • project closing
  • project executing
  • project initiating

Question 16

Question
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?
Answer
  • 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

Question 17

Question
Project expenses paid by the owner to pay for payroll services provided by the contractors home office is what type of cost?
Answer
  • Direct field cost
  • Indirect project cost
  • Profit
  • Contingency
  • None of the Above

Question 18

Question
If BAC (budgeted at completion) for a work package is $10,000 and BCWP=$4,000, the the work package is...
Answer
  • 40 percent complete
  • 80 percent complete
  • 100 percent complete
  • 120 percent complete

Question 19

Question
When a project is completed, which of the following must be true?
Answer
  • BAC = ACWP
  • ACWP=BCWP
  • SV=0
  • BAC=ETC (estimated cost to complete)

Question 20

Question
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...
Answer
  • 10,000
  • 12,000
  • 14,000
  • Cannot be determined

Question 21

Question
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?
Answer
  • Critical path method
  • Flowchart analysis
  • Precedence diagramming
  • Work breakdown structure

Question 22

Question
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?
Answer
  • 100,000
  • 114,500
  • 117,000
  • 119,500

Question 23

Question
During the project life cycle, in which part of the life cycle will risk be the lowest?
Answer
  • Initiation
  • Planning
  • Execution
  • Closeout

Question 24

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

Question 25

Question
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)
Answer
  • True
  • False

Question 26

Question
According to the Association for the Advancement of Cost Engineering (AACE), Class 2 cost estimates are developed during the ___________ phase of the project.
Answer
  • Conceptual
  • Feasibility
  • Budget Authorization
  • Bid

Question 27

Question
What are the best uses of PERT?
Answer
  • 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

Question 28

Question
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.
Answer
  • True
  • False

Question 29

Question
A proper Work Breakdown Structure includes:
Answer
  • 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

Question 30

Question
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.
Answer
  • True
  • False

Question 31

Question
According to CVEN 349 lecture and the text, forecasts of future costs can be uncertain due to
Answer
  • Technology changes
  • Forecast errors due to economic conditions
  • Analysis Errors
  • A & B
  • All of the Above

Question 32

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

Question 33

Question
A cost performance index (CPI) of 0.89 means
Answer
  • 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

Question 34

Question
An Organizational Breakdown Structure (OBS) can include
Answer
  • 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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