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ISOM 300 - Ch.5 Exam Review| Grade A + | Questions and Verified Answers| 100% Correct| Project management is a proactive approach to controlling a project to ensure that the project objective is accomplished, even when things do not go according to p

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ISOM 300 - Ch.5 Exam Review| Grade A + | Questions and Verified Answers| 100% Correct| Project management is a proactive approach to controlling a project to ensure that the project objective is accomplished, even when things do not go according to plan. -True The latest finish time for a specific activity must be the same as or earlier than the earliest of all the latest start times of all the activities emerging directly from that specific activity. -True The project team can progressively elaborate the estimated durations as more information is know

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Online Learning at Chamberlain
MEDICINE 207/2028 EDITION

NURSE WISEMAN LATEST EDITION NURSING

,ISOM 300 - Ch.5 Exam Review| Grade A + |
Questions and Verified Answers| 100%
Correct|
Project management is a proactive approach to controlling a project to
ensure that the project objective is accomplished, even when things do
not go according to plan. - ✅✅True


The latest finish time for a specific activity must be the same as or
earlier than the earliest of all the latest start times of all the activities
emerging directly from that specific activity. - ✅✅True


The project team can progressively elaborate the estimated durations
as more information is known or becomes clear to allow for more
accurate estimated durations. - ✅✅True


The contractor may not want to commit to completing the project by a
specific date until the customer has approved the contract. -
✅✅True


A consistent time base, such as hours or days or weeks, should be used
for all the estimated durations of activities in a network diagram. -
✅✅True

, The estimated duration for an activity must be based on the estimated
quantity of resources required to perform the activity. - ✅✅True


A change in the estimated duration of any activity on that path will
cause a corresponding change in the slack for that path. - ✅✅True


It is a good practice to have the person who will be responsible for
performing a specific activity estimate the duration that other
resources would need to complete that activity. - ✅✅False


When the customer requests a change, the contractor or project team
should estimate the impact on the project schedule and budget and
then go ahead with the work without customer approval. - ✅✅False


The amount of slack should determine the priority with which these
concentrated efforts are applied. - ✅✅True


One way to determine which activities make up the critical path is to
find which ones have the least slack. - ✅✅True


The sponsor or customer often states the project required completion
time in the project charter, RFP, or contract. - ✅✅True

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