INFT 3100 All Quizzes Questions (For Final Exam) If, for some reason, the project must be expedited to meet an earlier date, which of the following
... [Show More] actions would the project manager take first? A. Check to see which activities cost the least B. Check to see which activities have the longest duration C. Check to see which activities are on the critical path D. Check to see which activities have the most slack E. Check to see which activities have the highest risk Detailing all identified risks, including descriptions, category, and probability of occurring, impact, responses, contingency plans, owners and current status is called: A. Management reserves B. Change control C. Contingency reserves D. Risk register E. Risk profiles An index value less than one indicates that the project is A. Under cost or behind schedule B. Over cost or ahead of schedule C. Under cost or ahead of schedule D. Over cost or behind schedule E. On cost or on schedule In terms of commonly traded organizational currencies, acceptance, personal support, and understanding are part of _______ related currencies. A. Task B. Position C. Inspiration D. Relationship E. Personal The critical path in a project network is the A. Shortest path through the network B. Longest path through the network C. Network path with the most difficult activities D. Network path using the most resources E. Network path with the most merge activities The most common response for meeting unattainable deadlines is to A. Reduce or scale back the scope of the project. B. Decrease the critical paths C. Crash all elements of the project D. Change the time to market statement E. B, and C are correct Resource shortages, in the form of people, equipment, or materials, is a good example of A. Hidden interaction costs B. Things going wrong on a project C. Normal conditions not applying D. Changes in project scope E. None of these are correct Which of the following would be considered a direct project cost? A. Labor B. Materials C. Equipment D. Both A and B are direct costs E. A, B, and C are all considered direct costs The assessment of the external and internal environments is called _______ analysis. A. SWOT B. competitive C. industry D. market E. strategic Which of the following is not one of the potential responses to a specific risk event? A. Mitigating B. Retaining C. Ignoring D. Transferring E. Sharing The cost variance for a project is calculated by: A. EV-AC B. AC-SV C. PV-EV D. CU-EV E. EU-PV A project screening matrix typically contains all of the following except A. the list of available projects B. specific criteria C. weights assigned to specific criteria D. costs to complete each project E. all of the answers are typically contained A project monitoring system involves all of the following except: A. Determining what date to collect B. Determining how, when, and who will collect the data C. Adjusting the data D. Analysis of the data E. Reporting current progress Which of the following is not true for strategic management? A. It supports consistency of action at every level of the organization B. It should be done once each year just before developing the operating plan C. It develops an integrated and coordinated long-term plan of action D. It positions the firm to meet the needs of its customers E. It aligns assessment with decision making and implementation The accuracy of top-down estimates will typically be in the range of A. Minus 50% to plus 50% B. Minus 0% to plus 75% C. Minus 20% to plus 60% D. Minus 35% to plus 35% E. Minus 10% to plus 30% Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation? A. Padding estimates B. Planning horizon C. Project structure D. People E. Organization culture [Show Less]