BMGT 422 -800 PROJECT MANAGEMENT
EXAM 1 QUESTIONS AND ANSWERS
Once a negotiation process begins, during its earliest phase we should include
the other party in a problem-solving session to identify alternative outcomes.
This technique is called: - ANSWER Inclusive brainstorming
Creating action plans to address the needs of various stakeholder groups is part
of the _____ step of Block's framework for stakeholder management -
ANSWER Develop solutions
A product is introduced into a market, gains the acceptance of a fickle public,
and finally is supplanted by a new and improved offering. This phenomenon is
known as the: - ANSWER Product life cycle
The least amount of float is found: - ANSWER On the critical path
The department chair had allotted plenty of time for all department (and project)
members to prepare sections of their five-year program review. Administration
demanded no less than 50 pages be devoted to a thorough and thoughtful review
of activities and goals. What happened to the report was anybody's guess; no
one had actually seen one or ever heard back from administration once they had
submitted it. Most of the project team members thought the report was
immediately sent to the steam tunnels running underneath the campus or
perhaps it would sit collecting dust as part of a make-work program to justify an
assistant VP's job. No wonder that team meetings were poorly attended and that
all the sections of the report were filled with trite phrases and wide margins.
This team suffers from: - ANSWER Lack of motivation
What is the late start time for Activity E given the activity times and precedence
requirements shown in the table? - ANSWER 15
, Gersick's model for team development rejects the standard model in favor of
something called: - ANSWER Punctuated equilibrium
Stacey noted that the client was a cantankerous old man and that her current
project team lacked the requisite skills to work with him. Time was running
short, so the BEST approach to making sure the project team had the necessary
skills was to: - ANSWER Hire a contractor for the life of the project
Consider the Gantt chart shown below where the time scale is in minutes and all
activities are performed on an early start basis. How much slack is available in
the Great Hair Washing project? - ANSWER 10 minutes
The expected cost of an item that is estimated at $5,000 with a task contingency
multiplier of 1.2 is: - ANSWER $4,167
One purpose of a mission statement is to: - ANSWER Explain the company's
reason for existence
When their baby was ready to head off to college, the beleaguered parents
pulled out the college folder from their file cabinet and added up the cost of
putting their first child through college from 1995-2000. The mother whimpered
as she factored in the rising cost of tuition, fees, books, and inflation by
multiplying the total by 2.5. The father felt a searing pain go through his chest
as he saw the total, knowing full well that their cost estimation approach, called:
- ANSWER Parametric estimation, was highly accurate
Mathematical programming is sometimes used to generate optimal solutions to
resource constrained problems is a multi project setting but suffers from: -
ANSWER Problem complexity
There were conceivably an infinite number of courses he could take during his
final semester, but since he worked 8-5, Jake needed to take night classes. He
also needed to ensure that the class was offered at the Edmond campus rather
than Midwest City, so he could get home in time for his favorite programs. This
whittled down the list of possibilities to Systems Analysis Design and
Differential Equations. "Neither of these courses is very attractive. I may have
EXAM 1 QUESTIONS AND ANSWERS
Once a negotiation process begins, during its earliest phase we should include
the other party in a problem-solving session to identify alternative outcomes.
This technique is called: - ANSWER Inclusive brainstorming
Creating action plans to address the needs of various stakeholder groups is part
of the _____ step of Block's framework for stakeholder management -
ANSWER Develop solutions
A product is introduced into a market, gains the acceptance of a fickle public,
and finally is supplanted by a new and improved offering. This phenomenon is
known as the: - ANSWER Product life cycle
The least amount of float is found: - ANSWER On the critical path
The department chair had allotted plenty of time for all department (and project)
members to prepare sections of their five-year program review. Administration
demanded no less than 50 pages be devoted to a thorough and thoughtful review
of activities and goals. What happened to the report was anybody's guess; no
one had actually seen one or ever heard back from administration once they had
submitted it. Most of the project team members thought the report was
immediately sent to the steam tunnels running underneath the campus or
perhaps it would sit collecting dust as part of a make-work program to justify an
assistant VP's job. No wonder that team meetings were poorly attended and that
all the sections of the report were filled with trite phrases and wide margins.
This team suffers from: - ANSWER Lack of motivation
What is the late start time for Activity E given the activity times and precedence
requirements shown in the table? - ANSWER 15
, Gersick's model for team development rejects the standard model in favor of
something called: - ANSWER Punctuated equilibrium
Stacey noted that the client was a cantankerous old man and that her current
project team lacked the requisite skills to work with him. Time was running
short, so the BEST approach to making sure the project team had the necessary
skills was to: - ANSWER Hire a contractor for the life of the project
Consider the Gantt chart shown below where the time scale is in minutes and all
activities are performed on an early start basis. How much slack is available in
the Great Hair Washing project? - ANSWER 10 minutes
The expected cost of an item that is estimated at $5,000 with a task contingency
multiplier of 1.2 is: - ANSWER $4,167
One purpose of a mission statement is to: - ANSWER Explain the company's
reason for existence
When their baby was ready to head off to college, the beleaguered parents
pulled out the college folder from their file cabinet and added up the cost of
putting their first child through college from 1995-2000. The mother whimpered
as she factored in the rising cost of tuition, fees, books, and inflation by
multiplying the total by 2.5. The father felt a searing pain go through his chest
as he saw the total, knowing full well that their cost estimation approach, called:
- ANSWER Parametric estimation, was highly accurate
Mathematical programming is sometimes used to generate optimal solutions to
resource constrained problems is a multi project setting but suffers from: -
ANSWER Problem complexity
There were conceivably an infinite number of courses he could take during his
final semester, but since he worked 8-5, Jake needed to take night classes. He
also needed to ensure that the class was offered at the Edmond campus rather
than Midwest City, so he could get home in time for his favorite programs. This
whittled down the list of possibilities to Systems Analysis Design and
Differential Equations. "Neither of these courses is very attractive. I may have
