SCM 300 Exam 3 (COMBINED) EXAM Questions with Correct
Answers (Grade A+)
Question 1: project
Answer: a unique undertaking in which resources (human, material, and/or financial) are organized to
achieve an end goal or outcome
Question 2: Project manage- ment:
Answer: Long term
Question 3: Process manage- ment:
Answer: short term
Question 4: Budget:
Answer: Reduce the cost of logistics by 10%
Question 5: Time:
Answer: Complete construction by July 1st
Question 6: steps in project management
Answer: define the project establish project priorities (cost/time/performance) work breakdown structure
(aon diagram/milestones) track project progress
Question 7: project priorities
Answer: result in outstanding performance completed quickly, and with minimal resources
Question 8: work breakdown structure
Answer: project broken down into smallest units estimate of needs: people, time, cost
Question 9: objectives:
Answer: desired outcomes for the project (goals)
Page 1
,Question 10: deliverables:
Answer: a description of the products and/or services that should be delivered by the end of the project
(what client expect to be delivered)
Question 11: deliverables ex- amples
Answer: - Presentation and/or Documents: design, process, report, contract - Research (data or document) -
Physical item or intangible outputs (software)
Question 12: milestones
Answer: A specifc/major event indicating progress toward project completion
Question 13: milestones ex- amples
Answer: Project initiation Design Approval Deliverable completion Project Completion
Question 14: Project initiation: he
Answer: start of the project, including securing funding and forming the project team
Question 15: Design Approval: final
Answer: approval of the project design or plan
Question 16: Deliverable com- pletion:
Answer: completion of a major deliverable or phase of the project
Question 17: Project Comple- tion:
Answer: the final delivery of the project or product
Question 18: scope creep (scope inflation)
Answer: - additional scope that you don't have in your project - Managers put more of my requirements into
your project but you don't get more time or resources so the project likely pushes out/fail
Question 19: project manage- ment software
Answer: can assist in organizing the project and tracking the progress (can help run ditterent scenarios)
Page 2
, Question 20: AON Network Di- agrams
Answer: illustration where each circle represents a single activity in the project (projects must be completed
in sequential order)
Question 21: Inside the circles: activity
Answer: is given a name or symbol, a number will indicate how much time is required to complete the
activity
Question 22: Arrows leading into circle/activi- ty:
Answer: allows a project manager to see which activities must be completed before this activity begins
Question 23: Arrow leading out of circle/ac- tivity:
Answer: allows a project manager to see which activities can begin once that activity is completed
Question 24: project paths
Answer: ABEG is 16 days, ABDG is 20 days
Question 25: critical path
Answer: project path with the longest total duration, defines expected length of the project (can have
multiple) - must be completed on time
Question 26: slack
Answer: amount of time a path or single activity can be delayed without impacting the project duration
Question 27: crashing the pro- ject
Answer: act of finding a cost-ettective way to decrease the present length of the project (decreasing times)
Page 3
Answers (Grade A+)
Question 1: project
Answer: a unique undertaking in which resources (human, material, and/or financial) are organized to
achieve an end goal or outcome
Question 2: Project manage- ment:
Answer: Long term
Question 3: Process manage- ment:
Answer: short term
Question 4: Budget:
Answer: Reduce the cost of logistics by 10%
Question 5: Time:
Answer: Complete construction by July 1st
Question 6: steps in project management
Answer: define the project establish project priorities (cost/time/performance) work breakdown structure
(aon diagram/milestones) track project progress
Question 7: project priorities
Answer: result in outstanding performance completed quickly, and with minimal resources
Question 8: work breakdown structure
Answer: project broken down into smallest units estimate of needs: people, time, cost
Question 9: objectives:
Answer: desired outcomes for the project (goals)
Page 1
,Question 10: deliverables:
Answer: a description of the products and/or services that should be delivered by the end of the project
(what client expect to be delivered)
Question 11: deliverables ex- amples
Answer: - Presentation and/or Documents: design, process, report, contract - Research (data or document) -
Physical item or intangible outputs (software)
Question 12: milestones
Answer: A specifc/major event indicating progress toward project completion
Question 13: milestones ex- amples
Answer: Project initiation Design Approval Deliverable completion Project Completion
Question 14: Project initiation: he
Answer: start of the project, including securing funding and forming the project team
Question 15: Design Approval: final
Answer: approval of the project design or plan
Question 16: Deliverable com- pletion:
Answer: completion of a major deliverable or phase of the project
Question 17: Project Comple- tion:
Answer: the final delivery of the project or product
Question 18: scope creep (scope inflation)
Answer: - additional scope that you don't have in your project - Managers put more of my requirements into
your project but you don't get more time or resources so the project likely pushes out/fail
Question 19: project manage- ment software
Answer: can assist in organizing the project and tracking the progress (can help run ditterent scenarios)
Page 2
, Question 20: AON Network Di- agrams
Answer: illustration where each circle represents a single activity in the project (projects must be completed
in sequential order)
Question 21: Inside the circles: activity
Answer: is given a name or symbol, a number will indicate how much time is required to complete the
activity
Question 22: Arrows leading into circle/activi- ty:
Answer: allows a project manager to see which activities must be completed before this activity begins
Question 23: Arrow leading out of circle/ac- tivity:
Answer: allows a project manager to see which activities can begin once that activity is completed
Question 24: project paths
Answer: ABEG is 16 days, ABDG is 20 days
Question 25: critical path
Answer: project path with the longest total duration, defines expected length of the project (can have
multiple) - must be completed on time
Question 26: slack
Answer: amount of time a path or single activity can be delayed without impacting the project duration
Question 27: crashing the pro- ject
Answer: act of finding a cost-ettective way to decrease the present length of the project (decreasing times)
Page 3
