OM 300 EXAM 2 Questions with 100% Correct
Answers
What are the three primary activities involved in
managing a project? Correct Answer: - planning: goal
setting, defining the project, team organizations
Time/cost estimates, budgets, engineering diagrams,
cash flow charts, material availability details
- scheduling: relate people, money, and supplies to
specific activities and activities to each other
CPM/PERT, Gantt charts, milestone charts, cash flow
schedules
- controlling: monitor resources, costs, quality, and
budgets; revise plans and shift resources to meet time
and cost demands
Budgets, delayed activities report, slack activities report
,What are the responsibilities of a project manager?
Correct Answer: - All necessary activities are finished in
order and on time
- The project comes in within budget
- The project meets budget goals
- The people assigned to the project receive motivation,
direction, and information
Project managers should be good coaches, good
communicators, and able to organize activities from a
variety of disciplines
What types of ethical issues could arise for a project
manager? Correct Answer: - Offers of gifts from
contractors
- Pressure to alter status reports to mask delays
- False reports for charges of time and expenses
- Pressure to compromise quality to meet schedules
, What is the main difference between using a Gantt
chart versus using the CPM techniques? Correct Answer:
Gantt chart is best for a schedule & times. tells you
something about the project
CPM techniques find the critical path, that's it.
What are the steps for using CPM techniques? Correct
Answer: 1. Define the project and prepare the work
breakdown structure
2. Develop relationships among the activities - decide
which activities must precede and which must follow
others
3. Draw the network connecting all of the activities
4. Assign time and/or cost estimates to each activity
5. Compute the longest time path through the network -
this is called the critical path.
6. Use the network to help plan, schedule, monitor, and
control the project
Answers
What are the three primary activities involved in
managing a project? Correct Answer: - planning: goal
setting, defining the project, team organizations
Time/cost estimates, budgets, engineering diagrams,
cash flow charts, material availability details
- scheduling: relate people, money, and supplies to
specific activities and activities to each other
CPM/PERT, Gantt charts, milestone charts, cash flow
schedules
- controlling: monitor resources, costs, quality, and
budgets; revise plans and shift resources to meet time
and cost demands
Budgets, delayed activities report, slack activities report
,What are the responsibilities of a project manager?
Correct Answer: - All necessary activities are finished in
order and on time
- The project comes in within budget
- The project meets budget goals
- The people assigned to the project receive motivation,
direction, and information
Project managers should be good coaches, good
communicators, and able to organize activities from a
variety of disciplines
What types of ethical issues could arise for a project
manager? Correct Answer: - Offers of gifts from
contractors
- Pressure to alter status reports to mask delays
- False reports for charges of time and expenses
- Pressure to compromise quality to meet schedules
, What is the main difference between using a Gantt
chart versus using the CPM techniques? Correct Answer:
Gantt chart is best for a schedule & times. tells you
something about the project
CPM techniques find the critical path, that's it.
What are the steps for using CPM techniques? Correct
Answer: 1. Define the project and prepare the work
breakdown structure
2. Develop relationships among the activities - decide
which activities must precede and which must follow
others
3. Draw the network connecting all of the activities
4. Assign time and/or cost estimates to each activity
5. Compute the longest time path through the network -
this is called the critical path.
6. Use the network to help plan, schedule, monitor, and
control the project
