Question 1

A project is defined as a(n) _____ endeavor undertaken to create a(n) _____ product, service, or result.

• challenging; new

• temporary; unique

• new; challenging

• ongoing; unique

Question 2

(TCO 1) Projects have specific attributes. Which of the following is not an attribute of a project?

• It is an ongoing endeavor.

• It has a defined objective.

• It requires resources.

• It has a defined start and stop.

Question 3

Project deliverables are created in the _____ , which is completed during the _____ phase of a project.

• charter; execution

• scope; planning

• schedule; planning

• charter; planning

Question 4

(TCO 2) Which statement is an example of a project constraint?

• “If the parts arrive late, we will not finish on time.”

• “We must get permits before we start work.”

• “I believe the contracts will be signed by the 15th.”

• “The paving of the parking lot is a major piece of work for this project.”  

Question 5

The amount of time an activity can be delayed without impacting the end date of the project is known as what?

• Project risk

• Slack

• Critical path

• Early start

Question 6

(TCO 3) What values are calculated on the backward pass of a project network?

• Early start; late start

• Early start; early finish

• Late start; late finish

• Early finish; late finish

Question 7

(TCO 5) In which process of risk management are proactive and reactive strategies considered?

• Plan risk management

• Plan risk responses

• Control risks

• Qualitative risk analysis

Question 8

(TCO 5) A risk matrix is used in _____ to _____.  A risk register is a _____.

• qualitative risk analysis; prioritize risks; list of risks

• quantitative risk analysis; identify risks; way to categorize risks

• qualitative risk analysis; create risk strategies; way to monitor negative risks

• risk identification; simulate project risks; way to categorize risks  

Question 9

(TCO 1) Compare and contrast the project charter and the project scope as used in project management.

Question 10

(TCO 2) You are a project manager for a new hardware/software project. You just received the project charter and established your scope statement. Within the scope statement, you defined some of the key components to meet the overall project objective. Establishing requirements will be critical to define and get approved. The hardware will be new for your company, so you will need to ensure the vendor is selected and the hardware is appropriately installed into your environment. The supporting software will need to be designed and coded. It will also need to be installed and tested on the system. To ensure the users know how to use the new software, training will be needed for managers and the associates. You have assembled your team of experts and they are anxious to get started.

Question 11

(TCO 3) Compare and contrast crashing and fast tracking as a means of schedule compression.

Question 12

(TCO 5) A firm hosts data-mining servers and performs data mining for other companies that do not desire the costs of hardware, software, or expertise to data mine their data. The firm is planning to roll out faster data-mining software that will reduce the time to sift through customers' data by a fraction of the present time.

Question 13

(TCO 9) List and describe at least three key differences between risk management in an agile environment and risk management in a traditional project.