Chapter 7 – Scheduling Resources and Budgets
7.13. Knowledge Check
Question 1
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Question
A milestone is
- A significant event
- A planned event
- An unimportant activity
Answer
a. A significant event
Question 2
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A family decides to fly to New York City for Christmas Day. They make a plan to go for 3 days over their holidays. They need to have a schedule for their vacation. Their plan is considered
- Resource-constrained
- Time-constrained
- Cost-constrained
Answer
b. Time-constrained
Question 3
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One benefit of scheduling in a project includes
- Planning ahead allows time to reflect on selection team priorities
- Planning ahead leaves time for the team to make choices
- Planning ahead allows for team members to change their minds about participating
Answer
b. Planning ahead leaves time for the team to make choices
Question 4
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A process that breakdowns the work packages into the smallest elements possible is called a:
- Event
- Activity
- Milestone
Answer
b. Activity
Question 5
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Gantt Charts provide a schedule for project team members. The benefits of a Gantt Chart include
- Easy to read, include network diagrams, visual display of the project
- Easy to read, include network diagrams, visual display of the slack time
- Easy to read, easy to design, visual display of the project
Answer
c. Easy to read, easy to design, visual display of the project
Question 6
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An expense of lighting, phone costs and insurance would be considered what type of project costs?
- Direct Costs
- Direct Administrative Costs
- Direct Project Overhead Costs
Answer
c. Direct Project Overhead Costs
Question 7
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Contingency Fund is built into a budget for a project because
- It helps to cover the money lost through risks that could not be avoided
- It helps to cover the unexpected costs
- It helps cover the team out of out-of-pocket expenses
Answer
b. It helps to cover the unexpected costs
Question 8
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You are a Project Manager on a software project. You’ve created the schedule, and you need to figure out which activities absolutely cannot slip. You’ve done critical path analysis, identifying the critical path and calculating the early start and early finish for each activity. Which activities cannot slip without making the project late?
- The activities on the critical path
- The ones with the biggest difference between ES and LF
- The activity with the most lag
- The last activity in the project because it has no float
Answer
a. The activities on the critical path
Question 9
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Question
An estimate has been prepared that the construction of a building will cost a certain amount per square foot of living area. This is an example of what type of estimating?
- Top-down estimating
- Bottom-up estimating
- Analogous estimating
- Parametric estimating
Answer
d. Parametric estimating
