A project team is in the process of estimating the types and quantities of resources
required to perform each activity. Which of the following
... [Show More] activities will NOT be done by
the team during this process?
A. Estimate the type and quantity of resource required to perform each activity
B. Go through the past data and lessons learned from previous projects
C. Study the organization policies and procedures regarding staffing
D. Identify and show network dependency in the project activities - CORRECT
ANSWER Correct Option: D
EXPLANATION
The project team is in the process of Estimating Activity Resources, and the activities
provided as options (b) and (c) are done as part of this process. Option (d), which
involves creating a schedule network diagram to display project schedule activities and
logical relationship between them, is part of the Sequence Activities process.
During the initiating stage, which of the following elements will be identified to meet the
project goals?
A. Key deliverable
B. Stakeholders
C. Quality
D. Vendors - CORRECT ANSWER Correct Option: A
EXPLANATION
Even though the identification of stakeholders and potential sellers happens as part of
initiating phase through the "identify stakeholders" process, this will not help to meet the
project goals. Key deliverables help in meeting the project goals. Quality identification
happens during planning.
A car manufacturing company conceptualized a new car that will be more fuel efficient,
ergonomically designed, and that satisfies the latest safety regulations. This car was
recently launched and has now moved into full-fledged production. This is an example
of:
A. Operation, as the company is into car manufacturing, which is an ongoing process
B. Project, as this car was conceptualized, designed, and has now been launched
C. Project, as it has clear scope and requirements in terms of safety compliance, fuel
efficiency, etc.
D. Operation, as this activity didn't create a unique product - CORRECT ANSWER
Correct Option: B
EXPLANATION
This is a typical scenario where project intersects with operation during product life
cycle. Notice the word launched. All the activities before launch of the vehicle are part of
a project, which is a temporary activity with a well-defined unique output. Once the car
moves to production, it becomes an ongoing operation for the company.
When is the cost highest in the project life cycle?
A. At the initiating phase
B. During planning
C. Midway during the project
D. During closure - CORRECT ANSWER Correct Option: C
EXPLANATION
Project cost peaks in the middle of the project as maximum resources are utilized during
this phase. Project cost is low at the beginning, peaks midway, and drops rapidly as the
project draws to an end. Initiating, planning, and closing are not part of the project life
cycle and are process groups. [Show Less]