IS 3400 Final Stewart UPDATED ACTUAL
Questions and CORRECT Answers
Triangular Estimate equation
PERT Equation - CORRECT ANSWER - O+M+P/3
O + 4M + P / 6
Duration equation!! - CORRECT ANSWER - *D=W/E*
Duration = Work / Effort
(work is 12 days. 2 people working on it. =6 days.
if we add a person, its 12 /3 = 4 days.)
In resource usage view, resources in the color _____ are over allocated - CORRECT ANSWER - Red
3 options to pull the project in when its behind? only for CRITICAL PATH - CORRECT ANSWER - *crash* -
increase the resources/increased cost
*fast track* - removing dependencies/increases risk
or last resort, *reduce scope*
Know answer to things like "Which needs to be crashed/ fast tracked? Which has the most float? Whats the critical path?
Whats the duration of the project?"
(multiple choice) - CORRECT ANSWER - *fast-tracking*- activities are rescheduled to perform crashing- you
add additional resources to the activities to finish them early
*float*- amount of days or hours that tasks can be delayed without pushing the project back. The critical path, by
definition, has no float.
*critical path*- longest distance between the start and finish of your project, including all the tasks/their duration, which
gives you a clear picture of the project's actual schedule.
*duration*- how long it will take from start to finish
Parkinson's Law - CORRECT ANSWER - work expands to fill the time allowed
critical path tasks have a float of _____ - CORRECT ANSWER - zero
Milestones have ____ duration - CORRECT ANSWER - no.
used by the Romans as mile markers
critical path is shown on the - CORRECT ANSWER - network diagram
rearranging resources until they are constant is called - CORRECT ANSWER - leveling
you can build a house in - CORRECT ANSWER - 3 hours
technique for identifying risks where you rank/prioritize ideas in round robin fashion - CORRECT ANSWER -
nominal group technique
what to do when project sponsor wants to make a major change when the work is mostly complete - CORRECT
ANSWER - inform them of the impact of the change
the reason to use a WBS - CORRECT ANSWER - all of the above
project oriented vs product oriented deliverables - CORRECT ANSWER - project- focus on the completion of
procedural based tasks in the process leading up to the actual launch
product- pertain to the product itself, focused on the end user/customer
strategic and tactical deliverables - CORRECT ANSWER - strategic- views all the projects together as components
of a portfolio and makes strategic choices in their support.
tactical- execution of individual projects and programs, management by objectives
, what is NOT required to create a project budget - CORRECT ANSWER - sequence
Critical Chain PM (CCPM) is based on - CORRECT ANSWER - people often inflate/add cushioning to their time
estimates
who is responsible for individual risk? - CORRECT ANSWER - identified stakeholder
Eli Goldratt famous for - CORRECT ANSWER - Theory of constraints project buffer
what can you expect if you have more than one critical path? - CORRECT ANSWER - increased risks
what impact does leveling have on MP schedule? - CORRECT ANSWER - push completion date out
excess overtime can lead to - CORRECT ANSWER - death march, cost overruns, undertime
gold plating is - CORRECT ANSWER - bad! avoid it
most effective leader style? - CORRECT ANSWER - benevolent
Scope - CORRECT ANSWER - work that needs to be accomplished to deliver a product, service, or result with the
specified features and functions.
what is the bridge between scope and project plan? - CORRECT ANSWER - WBS (work breakdown structure)
heuristic size of work package - CORRECT ANSWER - less than or equal to 2 man weeks
multitasking is... - CORRECT ANSWER - bad
what is a project? - CORRECT ANSWER - A *temporary* endeavor undertaken to create a *unique* product,
service, or result.
triple constraints - CORRECT ANSWER - time, cost, scope
quality in middle if its good
ACRONYMS - CORRECT ANSWER - PMBOK- pm body of knowledge
PMI - pm institute
PMO- pm office
RAM - responsibility assignment matrix
RACI - Responsible, Accountable, Consulted, Informed
CCPM - critical chain pm
WBS - work breakdown structure
WIIFM - whats in it for me?
KISS - keep it simple stupid
PMP - pm professional
CAPM - certified associate in pm
MBWA - manage by walking around
5 PM Process Groups - CORRECT ANSWER - Initiating, Planning, Executing, (Monitoring and Controlling), and
Closing
10 Knowledge Areas - CORRECT ANSWER - time, cost, quality, scope, Risk,Integration, Communications, HR,
Procurement, Stakeholders
Stakeholders - CORRECT ANSWER - interests may be pos or neg affected by execution or completion of project.
may exert influence over project
PMI Talent Triangle - CORRECT ANSWER - Technical Project Management
Leadership
Strategic and Business Management
Questions and CORRECT Answers
Triangular Estimate equation
PERT Equation - CORRECT ANSWER - O+M+P/3
O + 4M + P / 6
Duration equation!! - CORRECT ANSWER - *D=W/E*
Duration = Work / Effort
(work is 12 days. 2 people working on it. =6 days.
if we add a person, its 12 /3 = 4 days.)
In resource usage view, resources in the color _____ are over allocated - CORRECT ANSWER - Red
3 options to pull the project in when its behind? only for CRITICAL PATH - CORRECT ANSWER - *crash* -
increase the resources/increased cost
*fast track* - removing dependencies/increases risk
or last resort, *reduce scope*
Know answer to things like "Which needs to be crashed/ fast tracked? Which has the most float? Whats the critical path?
Whats the duration of the project?"
(multiple choice) - CORRECT ANSWER - *fast-tracking*- activities are rescheduled to perform crashing- you
add additional resources to the activities to finish them early
*float*- amount of days or hours that tasks can be delayed without pushing the project back. The critical path, by
definition, has no float.
*critical path*- longest distance between the start and finish of your project, including all the tasks/their duration, which
gives you a clear picture of the project's actual schedule.
*duration*- how long it will take from start to finish
Parkinson's Law - CORRECT ANSWER - work expands to fill the time allowed
critical path tasks have a float of _____ - CORRECT ANSWER - zero
Milestones have ____ duration - CORRECT ANSWER - no.
used by the Romans as mile markers
critical path is shown on the - CORRECT ANSWER - network diagram
rearranging resources until they are constant is called - CORRECT ANSWER - leveling
you can build a house in - CORRECT ANSWER - 3 hours
technique for identifying risks where you rank/prioritize ideas in round robin fashion - CORRECT ANSWER -
nominal group technique
what to do when project sponsor wants to make a major change when the work is mostly complete - CORRECT
ANSWER - inform them of the impact of the change
the reason to use a WBS - CORRECT ANSWER - all of the above
project oriented vs product oriented deliverables - CORRECT ANSWER - project- focus on the completion of
procedural based tasks in the process leading up to the actual launch
product- pertain to the product itself, focused on the end user/customer
strategic and tactical deliverables - CORRECT ANSWER - strategic- views all the projects together as components
of a portfolio and makes strategic choices in their support.
tactical- execution of individual projects and programs, management by objectives
, what is NOT required to create a project budget - CORRECT ANSWER - sequence
Critical Chain PM (CCPM) is based on - CORRECT ANSWER - people often inflate/add cushioning to their time
estimates
who is responsible for individual risk? - CORRECT ANSWER - identified stakeholder
Eli Goldratt famous for - CORRECT ANSWER - Theory of constraints project buffer
what can you expect if you have more than one critical path? - CORRECT ANSWER - increased risks
what impact does leveling have on MP schedule? - CORRECT ANSWER - push completion date out
excess overtime can lead to - CORRECT ANSWER - death march, cost overruns, undertime
gold plating is - CORRECT ANSWER - bad! avoid it
most effective leader style? - CORRECT ANSWER - benevolent
Scope - CORRECT ANSWER - work that needs to be accomplished to deliver a product, service, or result with the
specified features and functions.
what is the bridge between scope and project plan? - CORRECT ANSWER - WBS (work breakdown structure)
heuristic size of work package - CORRECT ANSWER - less than or equal to 2 man weeks
multitasking is... - CORRECT ANSWER - bad
what is a project? - CORRECT ANSWER - A *temporary* endeavor undertaken to create a *unique* product,
service, or result.
triple constraints - CORRECT ANSWER - time, cost, scope
quality in middle if its good
ACRONYMS - CORRECT ANSWER - PMBOK- pm body of knowledge
PMI - pm institute
PMO- pm office
RAM - responsibility assignment matrix
RACI - Responsible, Accountable, Consulted, Informed
CCPM - critical chain pm
WBS - work breakdown structure
WIIFM - whats in it for me?
KISS - keep it simple stupid
PMP - pm professional
CAPM - certified associate in pm
MBWA - manage by walking around
5 PM Process Groups - CORRECT ANSWER - Initiating, Planning, Executing, (Monitoring and Controlling), and
Closing
10 Knowledge Areas - CORRECT ANSWER - time, cost, quality, scope, Risk,Integration, Communications, HR,
Procurement, Stakeholders
Stakeholders - CORRECT ANSWER - interests may be pos or neg affected by execution or completion of project.
may exert influence over project
PMI Talent Triangle - CORRECT ANSWER - Technical Project Management
Leadership
Strategic and Business Management
