MTDE 333 Final Exam (Quiz Questions) With
Complete Solutions
In the PERT method, the Standard Deviation (σ ) of the project duration can be
calculated as: - ANSWER The SQRT of the sum of the Variances of critical activities
The Program Evaluation Review Technique (PERT) relies on the theorem known as .... to
incorporate uncertainty on the project duration. - ANSWER CLT
In project management, the variability of an activity duration can be represented as a
Probability Distribution Curve (T/F) - ANSWER True
The cost estimating method named "Cost Engineering" is also known as: - ANSWER
Detailed Cost Estimating
Which project life cycle phase would be more suitable for the "Analogy" cost estimating
method? - ANSWER Conception
As a project progresses
through its life cycle, its definition and cost estimate experience changes: - ANSWER
Level of Detail INCREASES / Accuracy INCREASES
The project below is at the end of week 12. What can be inferred about the project's
, performance based on the reported expense curve? (In the picture the current curve is
above the early start curve) - ANSWER The project is spending faster than planned
A project is entirely self-financed when both the net and maximum curves are below the
X-axis of the cashflow diagram (T/F) - ANSWER False
A project cost control account contains information from 2 management structures: -
ANSWER WBS & OBS
When a project manager delays payments to vendors and subcontractors is most likely
trying to: - ANSWER Improve the net cash flow of the project
A project's cost estimate, once approved, is called: - ANSWER Project's Budget
The lowest point in a cashflow diagram is called: - ANSWER Maximum Overdraft
During the risk identification phase, an aerospace design project's manager (PM) realizes
the fuselage material may not be reliable. What type of risk is the PM concerned about? -
ANSWER Project (Internal Source) - Technical Risk
What are the two main Cost of Quality (CoQ) categories? - ANSWER Cost of
Conformance and Cost of Non-conformance
Risk identification is a phase of Project Risk Management that estimates the impact and
Complete Solutions
In the PERT method, the Standard Deviation (σ ) of the project duration can be
calculated as: - ANSWER The SQRT of the sum of the Variances of critical activities
The Program Evaluation Review Technique (PERT) relies on the theorem known as .... to
incorporate uncertainty on the project duration. - ANSWER CLT
In project management, the variability of an activity duration can be represented as a
Probability Distribution Curve (T/F) - ANSWER True
The cost estimating method named "Cost Engineering" is also known as: - ANSWER
Detailed Cost Estimating
Which project life cycle phase would be more suitable for the "Analogy" cost estimating
method? - ANSWER Conception
As a project progresses
through its life cycle, its definition and cost estimate experience changes: - ANSWER
Level of Detail INCREASES / Accuracy INCREASES
The project below is at the end of week 12. What can be inferred about the project's
, performance based on the reported expense curve? (In the picture the current curve is
above the early start curve) - ANSWER The project is spending faster than planned
A project is entirely self-financed when both the net and maximum curves are below the
X-axis of the cashflow diagram (T/F) - ANSWER False
A project cost control account contains information from 2 management structures: -
ANSWER WBS & OBS
When a project manager delays payments to vendors and subcontractors is most likely
trying to: - ANSWER Improve the net cash flow of the project
A project's cost estimate, once approved, is called: - ANSWER Project's Budget
The lowest point in a cashflow diagram is called: - ANSWER Maximum Overdraft
During the risk identification phase, an aerospace design project's manager (PM) realizes
the fuselage material may not be reliable. What type of risk is the PM concerned about? -
ANSWER Project (Internal Source) - Technical Risk
What are the two main Cost of Quality (CoQ) categories? - ANSWER Cost of
Conformance and Cost of Non-conformance
Risk identification is a phase of Project Risk Management that estimates the impact and
