Tori Wittman
Test por , creado hace más de 1 año

Bank of Midterm 2 multiple choice and true/false questions

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Tori Wittman
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Project Management Exam 2

Project Management Exam 2

Pregunta 1 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Scope Statement

  • Network Logic Diagram

  • Work Breakdown Structure

  • Requested Change

Explicación

Pregunta 2 de 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?

Selecciona una de las siguientes respuestas posibles:

  • 0.8

  • 1.2

  • 0.5

  • 0.4

Explicación

Pregunta 3 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Conceptual

  • Detailed Design

  • Implementation

  • Execution

Explicación

Pregunta 4 de 34

1

Cost baseline is usually represented using which curve or line.

Selecciona una de las siguientes respuestas posibles:

  • slanted line

  • S-curve

  • Z-curve

  • PQ curve

Explicación

Pregunta 5 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • calculate the free float for each activity

  • calculate the total float for each activity

  • score a touchdown

  • find the critical path

Explicación

Pregunta 6 de 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.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 7 de 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?

Selecciona una de las siguientes respuestas posibles:

  • 18 days

  • 25.5 days

  • 15 days

  • 16 days

  • 17 days

Explicación

Pregunta 8 de 34

1

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

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 9 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Contingency

  • Free Float

  • Total Float

  • Critical Path

Explicación

Pregunta 10 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Contingency

  • Total Float

  • Free Float

  • Critical Path

Explicación

Pregunta 11 de 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:

Selecciona una de las siguientes respuestas posibles:

  • Occupation Standards and Health Agency

  • Observe Safe Highways Always

  • Outside Safety and Health Administration

  • Occupational Safety and Health Administration

Explicación

Pregunta 12 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • 50/50

  • 30/70

  • 40/60

  • 75/25

Explicación

Pregunta 13 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Ahead of schedule and under budget

  • Ahead of schedule and over budget

  • Behind schedule and over budget

  • Behind schedule and under budget

Explicación

Pregunta 14 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Start to start

  • Start to finish

  • Finish to start

  • Finish to Finish

Explicación

Pregunta 15 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • project design

  • project closing

  • project executing

  • project initiating

Explicación

Pregunta 16 de 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?

Selecciona una de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 17 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Direct field cost

  • Indirect project cost

  • Profit

  • Contingency

  • None of the Above

Explicación

Pregunta 18 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • 40 percent complete

  • 80 percent complete

  • 100 percent complete

  • 120 percent complete

Explicación

Pregunta 19 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • BAC = ACWP

  • ACWP=BCWP

  • SV=0

  • BAC=ETC (estimated cost to complete)

Explicación

Pregunta 20 de 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...

Selecciona una de las siguientes respuestas posibles:

  • 10,000

  • 12,000

  • 14,000

  • Cannot be determined

Explicación

Pregunta 21 de 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?

Selecciona una de las siguientes respuestas posibles:

  • Critical path method

  • Flowchart analysis

  • Precedence diagramming

  • Work breakdown structure

Explicación

Pregunta 22 de 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?

Selecciona una de las siguientes respuestas posibles:

  • 100,000

  • 114,500

  • 117,000

  • 119,500

Explicación

Pregunta 23 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Initiation

  • Planning

  • Execution

  • Closeout

Explicación

Pregunta 24 de 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)

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 25 de 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)

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 26 de 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.

Selecciona una de las siguientes respuestas posibles:

  • Conceptual

  • Feasibility

  • Budget Authorization

  • Bid

Explicación

Pregunta 27 de 34

1

What are the best uses of PERT?

Selecciona una de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 28 de 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.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 29 de 34

1

A proper Work Breakdown Structure includes:

Selecciona una de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 30 de 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.

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 31 de 34

1

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

Selecciona una de las siguientes respuestas posibles:

  • Technology changes

  • Forecast errors due to economic conditions

  • Analysis Errors

  • A & B

  • All of the Above

Explicación

Pregunta 32 de 34

1

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

Selecciona uno de los siguientes:

  • VERDADERO
  • FALSO

Explicación

Pregunta 33 de 34

1

A cost performance index (CPI) of 0.89 means

Selecciona una de las siguientes respuestas posibles:

  • 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

Explicación

Pregunta 34 de 34

1

An Organizational Breakdown Structure (OBS) can include

Selecciona una de las siguientes respuestas posibles:

  • 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

Explicación

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