MAN 4583 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026

MAN 4583 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026 If you are estimating costs based upon historical data from experience with a comparable project, you are using: PERT estimating Analogous estimating Rough estimating Parametric estimating - Answers analogous To find the_____ activities with zero slack, you must calculate the forward and backward pass through your network. Predecessor Milestone Successor Critical path - Answers critical path In your network diagram, A is a predecessor for B, C, and D. Therefore, A is a _____ activity. Parallel Burst Milestone Merge - Answers burst To find the free slack (float) for each activity in your network diagram, you should calculate: Early start-late start Late start - early start Early finish - late finish Late finish - early start - Answers late start- early start Your network diagram includes all the following EXCEPT: Early start and early finish days Calendar dates Arrows showing precedence and flow. Late tart and late finish days - Answers calendar dates Scaling with a unit of measure, such as square feet or lines of code, is estimating. Analogous Parametric Top down Three-point - Answers parametric The _ in your budget is set aside for "unknown unknown" risks. Activity cost estimate Cost-baseline Contingency reserve Management reserve - Answers management reserve The helps cash flow planning and is the basis of controlling project costs & schedule once work commences. Work breakdown structure Gantt chart schedule Time phased budget Network diagram - Answers time phased budget An agile approach would work best in all the following situations except: Highly defines scope & requirements. High level of uncertainty in the market Developing iterations of the deliverable is ideal for the customer. High degree of risk - Answers highly defined scope and requirements Monitoring scrum project progress can be accomplished by using: Backlog grooming Burndown charts EVM performance reports Sprint iterations - Answers burndown charts The impediments in scrum supports the team by facilitating daily standups and removing Product owner Scrum master Developer Quality assurance - Answers scrum master Which of the following closing tasks occurs first? Close contracts Send invoice to customer. Obtain customer acceptance. Create closeout report. - Answers obtain customer acceptance Ideally, lessons learned should be collected: At the end of the execution phase At the end of the project only Following completion of every deliverable Throughout the project - Answers throughout the project In a bidding process, giving information to one vendor but not others are an ethical issue related to this pillar: Honesty Responsibility Fairness Respect - Answers fairness At the end of Week 2, AP "A" is 50% complete and its actual cost is 5. What is the cost variance of this activity? Ac: 5 a. 3 b -1 C. 1 d.-3 - Answers -3 ( EV- AC) The development team has encountered a problem with a software feature. They need to handle this problem quickly, but they can't make a face-to-face brainstorming session because they aren't local. Which alternative solution is best? videoconferencing conference call online chat session email - Answers videoconferencing One risk to your schedule is that a hard drive with customized software fails and you lose the work that was done. Resources on the project team regularly back up their work so they can resume work quickly after a hard drive failure. What type of risk management strategy do backups represent? risk avoidance risk mitigation risk transfer risk acceptance - Answers risk mitigation You have created a risk management plan for your project. Which type of response would you use if the scope was changed to remove a risky section of the project? transference mitigation avoidance acceptance - Answers avoidance Izzy has finished identifying risks for her big project, but is unsure how to account for unknown risks from a time and cost perspective. What is the general practice most companies use for projects? Set aside 20 percent of the budget and project duration. Set aside a percentage of the budget and project duration based on past projects. If you don't have past experience, use 15%. Set aside 25 percent of the budget or Project duration, or the highest percentage possible. Set aside 5 percent of the budget and project duration, or the lowest percentage possible. - Answers b. set aside a percentage of the budget and project duration based on past projects, if you dont have past experience use 15% Madhukant's project includes testing software functions. Which part of the quality management plan would address the processes that will be used to ensure the software is meeting the standards? quality control continuous improvement plan quality assurance plan quality standards for deliverables - Answers c. quality assurance plan Your boss is asking you to take on a reengineering project. The company hasn't run reengineering projects before, but has hired several project managers with reengineering experience. Which technique is best to use in this situation to estimate time and cost? bottom-up estimating top-down estimating parametric model Delphi technique - Answers delphi technique Turkan is developing a resource management plan for his project. Which part of this plan articulates who makes decisions, who performs work, and who needs to receive status on the project? the project organization chart the skills matrix the detailed staffing plan responsibility matrix - Answers responsibility matrix