Mgt 4330 Exam Questions With Correct Answers Latest Update 2026

MGT 4330 EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2026 The president of a software company remarks in a speech that new technologically advanced software will be available in one year. This is an example of reducing project duration caused by - Answers Imposed project deadlines Adverse weather, design flaws, and equipment breakdown can create negative slack. This is an example of reducing project duration caused by: - Answers Unforeseen project delays Which of the following is not considered a project indirect cost? - Answers Equipment Low-cost, realistic, efficient methods for completing an activity under normal conditions are supported by ____ time. - Answers Normal The shortest possible time an activity can be completed realistically is called ___ time. - Answers Crash ____ costs are incurred when completing an activity in its realistically shortest time. - Answers Crash Cost slope can be determined by dividing the - Answers Rise by the run Which of the following correctly calculates an activity's cost slope? - Answers (crash cost-normal cost)/(normal time-crash time) The optimum duration for a project is at the point where: - Answers Total project costs are the lowest Creating a Project Cost-Duration graph is useful: - Answers A) During the pre-project planning phase B) After the project has begun If a network has several critical or near-critical paths it is deemed to be: - Answers Sensitive A positive situation where moving toward the optimum time can result in very real, large savings—this occurs when the network is: - Answers Insensitive Which of the following is the most common method for shortening project time? - Answers Assigning additional staff and equipment Which of the following is the easiest method for shortening project time? - Answers Schedule overtime The Snapshot from Practice "Cell-Phone Wars" is an excellent example of reducing project duration due to: - Answers Time to market Contracting project work has long been the norm in the _______ industry. - Answers Construction Advantages of outsourcing project work may likely include all of the following except? - Answers Reduced conflict Key practices in partnering relationships include: - Answers Access to each other's organizational resources Which of the following is part of the traditional project process? - Answers Structured communications The result of teambuilding among the project's participants is a: - Answers Partnering charter Among the many advantages for establishing long-term partnerships are: - Answers A) Reduced administrative costs B) Improved performance C) Improved communication Teambuilding between partners should: - Answers A) Include engineers, architects, lawyers, specialists and other staff B) Be facilitated by an outside consultant Customer satisfaction can be quantified by: - Answers Perceived performance divided by expected performance In the research highlight on IT project managers, which of the following was not one of the roles taken by project managers? - Answers Auditor Which of the following is not one of the elements of good negotiation? - Answers A) Be hard on the problem, soft on the people B) Conflict on a project can be good C) Negotiation is not a contest D) Seek first to understand, then to be understood Which of the following is reflected in the saying "Let anger fly out the window"? - Answers Separate people from the problem The dovetailing technique is used in which of the following keys to good negotiation? - Answers Invent options for mutual gain A project monitoring system involves all of the following except: - Answers Adjusting the data Adequate project controls have the advantage(s) of: - Answers A) Holding people accountable B) Prevents small problems from getting large C) Keeping focus The second step in the project control process of the measurement and evaluation of project performance is to: - Answers Measure progress and performance In monitoring project time (schedule) performance actual performance should be compared to: - Answers Project network schedule derived from the WBS/OBS An Earned Value System used to monitor project progress includes comparison of - Answers A) Actual costs versus budget B) Schedule progress versus plan The cost variance for a project is calculated by: - Answers EV-AC Baseline project budgets are derived from: - Answers Time-phasing the work packages Generally the method for measuring accomplishments centers on comparing - Answers A) Earned value with the expected schedule value B) Earned value with the actual costs Which of the following are required to assess the current status of a project using the earned-value cost/schedule system? - Answers PV, EV, and AC Which of the following methods will measure the scheduling efficiency of the work accomplished to date? - Answers EV/PV Scope creep affects: - Answers A) The organization B) The project team C) The project suppliers