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Exam (elaborations)

Opre 3330 Final Exam Study Guide, Spring Questions And Verified Answers

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OPRE 3330 FINAL EXAM STUDY GUIDE, SPRING QUESTIONS AND VERIFIED ANSWERS

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Steering Committee


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A committee of high-level managers that make decisions about projects.




File Names


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should be used as codes to describe the contents of the file




Contingency Funds

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are set aside to address unforeseen events




Bid


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refers to as an offer to provide something of value for compensation




network


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illustrates all activities in a project




management reserve


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the money available for changing project scope




Behind schedule


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, A negative schedule variance means the project is




Critical Path


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The longest path through the project diagram.




Milestone


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A significant point in a project w/o duration or resources (an event).




Organizational Goals


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Strategic objectives that senior management establishes to outline
expected outcomes and guide employees' effort.




What are the options for managing projects?


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, Hiring outside firm
Project management office (PMO)




Synchronous Communication


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All parties communicate at the same time




Project Manager


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develops a communication plan




Project Charter


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An informal contract b/t the project team and project sponsor.




Schedule performance indicator


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