OMGT 5783 Final Exam Questions With
Correct Answers
Options |for |reducing |project |duration |with |constrained |resources |- |CORRECT |ANSWER✔✔-
IFCRAC:
Improve |efficiency |(remove |bureaucracy) |
Fast |tracking |(parallel |vice |sequential)
Critical |Chain |Method
Reduce |Scope
Compromise |Quality
Options |for |reducing |project |duration |when |resources |are |not |constrained |- |CORRECT |
ANSWER✔✔-ROO-SED:
add |Resources
Outsource |Work
schedule |Overtime
EStablish |core |team
Do |it |twice |- |fast |and |correctly
Project |Indirect |Costs |- |CORRECT |ANSWER✔✔--Costs |that |cannot |be |associated |with |any |
particular |work |package |or |project |activity.
--Supervision, |administration, |consultants, |and |interest
-Costs |that |vary |(increase) |with |time.
--Reducing |project |time |directly |reduces |indirect |costs.
Project |Direct |Costs |- |CORRECT |ANSWER✔✔-Normal |costs |that |can |be |assigned |directly |to |a |
specific |work |package |or |project |activity |(Labor |Materials |Equipment)
, Escalation |- |CORRECT |ANSWER✔✔-A |way |to |manage |conflicts |so |that |disagreements |are |
brought |up |to |the |appropriate |decision |makers |level |for |resolution
Advantages |of |outsourcing |project |work |- |CORRECT |ANSWER✔✔--Cost |reduction
-Faster |project |completion
-High |level |of |expertise
-Flexibility
Disadvantages |of |outsourcing |project |work |- |CORRECT |ANSWER✔✔--Coordination |breakdowns
-Loss |of |control
-Interpersonal |conflict
-Security |issues
-Political |hot |potato
Two |approaches |to |outsourcing |project |work |- |CORRECT |ANSWER✔✔-Partnering |Approach |- |
shared |goals/objectives, |good |comms, |open |access, |trust. |Negotiate |win-wins
Traditional |Approach |- |suspicion, |distrust, |self-interest
Describe |the |project |control |process |- |CORRECT |ANSWER✔✔-SeMCoT
Set |Baseline |Plan |(from |WBS)
Measure |progress/performance |(Time/Budget)
Compare |plan |vs |actual |(status |reports)
Taking |Action |(correct/resolve |issues)
Planned |Value |(PV) |- |CORRECT |ANSWER✔✔-The |planned |time |phase |baseline |of |the |value |of |
work |scheduled
Correct Answers
Options |for |reducing |project |duration |with |constrained |resources |- |CORRECT |ANSWER✔✔-
IFCRAC:
Improve |efficiency |(remove |bureaucracy) |
Fast |tracking |(parallel |vice |sequential)
Critical |Chain |Method
Reduce |Scope
Compromise |Quality
Options |for |reducing |project |duration |when |resources |are |not |constrained |- |CORRECT |
ANSWER✔✔-ROO-SED:
add |Resources
Outsource |Work
schedule |Overtime
EStablish |core |team
Do |it |twice |- |fast |and |correctly
Project |Indirect |Costs |- |CORRECT |ANSWER✔✔--Costs |that |cannot |be |associated |with |any |
particular |work |package |or |project |activity.
--Supervision, |administration, |consultants, |and |interest
-Costs |that |vary |(increase) |with |time.
--Reducing |project |time |directly |reduces |indirect |costs.
Project |Direct |Costs |- |CORRECT |ANSWER✔✔-Normal |costs |that |can |be |assigned |directly |to |a |
specific |work |package |or |project |activity |(Labor |Materials |Equipment)
, Escalation |- |CORRECT |ANSWER✔✔-A |way |to |manage |conflicts |so |that |disagreements |are |
brought |up |to |the |appropriate |decision |makers |level |for |resolution
Advantages |of |outsourcing |project |work |- |CORRECT |ANSWER✔✔--Cost |reduction
-Faster |project |completion
-High |level |of |expertise
-Flexibility
Disadvantages |of |outsourcing |project |work |- |CORRECT |ANSWER✔✔--Coordination |breakdowns
-Loss |of |control
-Interpersonal |conflict
-Security |issues
-Political |hot |potato
Two |approaches |to |outsourcing |project |work |- |CORRECT |ANSWER✔✔-Partnering |Approach |- |
shared |goals/objectives, |good |comms, |open |access, |trust. |Negotiate |win-wins
Traditional |Approach |- |suspicion, |distrust, |self-interest
Describe |the |project |control |process |- |CORRECT |ANSWER✔✔-SeMCoT
Set |Baseline |Plan |(from |WBS)
Measure |progress/performance |(Time/Budget)
Compare |plan |vs |actual |(status |reports)
Taking |Action |(correct/resolve |issues)
Planned |Value |(PV) |- |CORRECT |ANSWER✔✔-The |planned |time |phase |baseline |of |the |value |of |
work |scheduled
