MGMT 404 Week 5 Quiz

1. Question: As the project manager identifies potential resources to work on the project, it is helpful to consider their professional disciplines, skill levels and their physical location. 2. Question: When constructing a responsibility matrix or "RACI" chart, it is important to ensure that only one person has primary accountability for any activity. 3. Question: Critical chain project management is an alternate scheduling technique that modifies the project schedule by taking resource constraints into account. 4. Question: Consider the RACI chart presented in Figure 8-1. Who is accountable for the data requirements? 5. Question: RACI (Responsible, Accountable, Consult, Inform) charts go beyond a communication plan in that they identify every project activity and specify the exact involvement of each stakeholder. 6. Question: Project managers should not lie to themselves or others regarding project costs. 7. Question: The _________is the approved budget, usually in a time distribution format, that is used to estimate, monitor, and control the overall cost performance of the project. 8. Question: On agile projects, project managers may use rolling wave planning to estimate costs. 9. Question: Early in a project when very little detail is known about a project, it is impractical to render even a rough estimate of the final project cost. 10. Question: The cost management plan provides guidelines to the project manager and other stakeholders and serves all of the following purposes EXCEPT: 11. Question: Creating a realistic schedule is often an iterative process because several factors can limit how fast a project can be completed. All of the following factors can limit how fast a project can be scheduled and completed EXCEPT: 12. Question: Consider the activity duration estimates presented in Figure 7-5. Based on the information provided and adopting the PERT conventions to calculate expected activity durations, what is the expected duration of Activity D - "Package Item"? 13. Question: A mandatory dependency is a logical relationship between activities that must happen - usually due to a physical or legal demand. 14. Question: This term is defined as the total number of work periods (not including holidays or other non-work periods) required to complete a schedule activity, usually expressed as workdays or workweeks: 15. Question: The schedule activity that determines when the logical successor activity can begin or end is called the _______: