OPRE 3330 EXAM 1 QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026

OPRE 3330 EXAM 1 QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026 what must a project manager understand? - Answers deliverables of a project develop a plan for producing the deliverables execute the plan Project management definition - Answers the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. do client expectations ted to increase of decrease during the life of a project? - Answers increase Project management - Answers Goal directed and time sensitive project goals develop an executive plan to meet goals temporary and unique Operations management - Answers long-term focused repetitive and ongoing focuses on work processes Options for managing projects - Answers Hiring outside consulting firm Developing in house Project management skill categories - Answers Interpersonal Skills Technical skills administrative skills Interpersonal skills - Answers providing direction, communication assisting with problem solving and dealing effectively with people Technical skills - Answers gives project managers credibility to provide leadership Administrative skills - Answers planning, organizing and controlling work project execution plan - Answers defines how the work will be accomplished Scope - Answers activities that are included and specifically not included in the project What should Scope Statement include? - Answers Description of the scope product acceptance criteria project dliverables, exclusions, constraints and assumptions Work Breakdown Structure(WBS) - Answers a description of tasks arranged in layers of detail critical path - Answers longest path through the project diagram float - Answers amount of time an activity can be delayed without delaying the completion date total float - Answers difference between the completion of the critical path and the project finish date crashing - Answers shortening the critical path conceptual estimate - Answers an initial cost estimate made with partial knowledge Rough order of magnitued(ROM) - Answers cost estimate based on partial knowledge and past experience follows a conceptual estimate and is usually more accurate Synchronous communication - Answers all parties communicating at the same time ex: phone, video conferencing, skype, webex Asynchronous communication - Answers communication between parties does not take place at the same time ex: fax machine, discussion forum, email PMI - Answers Project Management Institute PMBOK: Project Mgmt Body of Knowledge - Answers provides best practices for project management Provides a common lexicon for Project management Pre-requisite for PMP certification Project life cycle - Answers Initiation planning execution control closeout monitor and control project work - Answers check project health take corrective acitons Integrated change control - Answers Manage changes to the project Scope control schedule control cost control manage project team - Answers performance reporting stakeholder management Close project - Answers obtain sign-offs from stakeholders plan and re-assign team Project phases - Answers initiation planning execution monitoring & control closeout how to decrease span of control - Answers increase the levels of reporting Commodity procurement - Answers items readily available in the market and can be bought of the shelf Procurement from vendors - Answers vendors bid on specialized equipment PM works with engineering team lowest bid doesn't always win Project Procurement manager - Answers evaluates and selects potential suppliers purchases supplies and equipment reports directly to project manager