ITEC 411 Final Exam Questions with
Complete Solutions5
RISK - ANSWERS-A project _____ is an uncertainty that can have a negative or positive effect on
meeting project objectives.
CRITICAL PATH - ANSWERS-A(n) _____ for a project is the series of activities that determine the
earliest time by which the project can be completed.
Risk Breakdown Structure (RBS) - ANSWERS-A(n) _____ is a hierarchy of potential risk categories
for a project.
NETWORK DIAGRAM - ANSWERS-A(n) _____ is a schematic display of the logical relationships
among project activities and their sequencing
Three-Point Estimate - ANSWERS-Duration estimates can be provided as a discrete number, a
range, or as a(n) _____.
MITIGATION - ANSWERS-Risk _____ refers to reducing the impact of a risk event by reducing the
probability of its occurrence.
NEGATIVE - ANSWERS-Potential problems that might occur on the project and how they might
impede project success are _____ risks.
SUMMARY TASKS - ANSWERS-Tasks in a WBS that are decomposed into smaller tasks are called
_____ tasks.
, WATCH LIST - ANSWERS-A(n) _____ is a list of risks that are low priority, but are still identified as
potential risks.
DECOMPOSITION - ANSWERS-Subdividing the project deliverables into smaller pieces is known
as _____.
WORK BREAKDOWN STRUCTURE (WBS) - ANSWERS-Creating the _____ involves subdividing the
major project deliverables into smaller, more manageable components.
EARNED VALUE (EV) - ANSWERS-The ____________ is an estimate of the value of the physical
work actually completed.
WORK PACKAGE or ITEM - ANSWERS-A(n) ____ is a task at the lowest level of the WBS.
DELIVERABLE - ANSWERS-The term ______ describes a product produced as part of a project.
PROTOTYPING - ANSWERS-_____ refers to the process of developing a working replica of the
system or some aspect of the system.
MILESTONE - ANSWERS-A(n) _____ on a project is a significant event that normally has no
duration.
FREE SLACK - ANSWERS-The amount of time an activity can be delayed without delaying the
early start date of any immediately following activities is known as a _____.
LATE START DATE - ANSWERS-The _____ for an activity is the latest possible time an activity
might begin without delaying the project finish date.
Complete Solutions5
RISK - ANSWERS-A project _____ is an uncertainty that can have a negative or positive effect on
meeting project objectives.
CRITICAL PATH - ANSWERS-A(n) _____ for a project is the series of activities that determine the
earliest time by which the project can be completed.
Risk Breakdown Structure (RBS) - ANSWERS-A(n) _____ is a hierarchy of potential risk categories
for a project.
NETWORK DIAGRAM - ANSWERS-A(n) _____ is a schematic display of the logical relationships
among project activities and their sequencing
Three-Point Estimate - ANSWERS-Duration estimates can be provided as a discrete number, a
range, or as a(n) _____.
MITIGATION - ANSWERS-Risk _____ refers to reducing the impact of a risk event by reducing the
probability of its occurrence.
NEGATIVE - ANSWERS-Potential problems that might occur on the project and how they might
impede project success are _____ risks.
SUMMARY TASKS - ANSWERS-Tasks in a WBS that are decomposed into smaller tasks are called
_____ tasks.
, WATCH LIST - ANSWERS-A(n) _____ is a list of risks that are low priority, but are still identified as
potential risks.
DECOMPOSITION - ANSWERS-Subdividing the project deliverables into smaller pieces is known
as _____.
WORK BREAKDOWN STRUCTURE (WBS) - ANSWERS-Creating the _____ involves subdividing the
major project deliverables into smaller, more manageable components.
EARNED VALUE (EV) - ANSWERS-The ____________ is an estimate of the value of the physical
work actually completed.
WORK PACKAGE or ITEM - ANSWERS-A(n) ____ is a task at the lowest level of the WBS.
DELIVERABLE - ANSWERS-The term ______ describes a product produced as part of a project.
PROTOTYPING - ANSWERS-_____ refers to the process of developing a working replica of the
system or some aspect of the system.
MILESTONE - ANSWERS-A(n) _____ on a project is a significant event that normally has no
duration.
FREE SLACK - ANSWERS-The amount of time an activity can be delayed without delaying the
early start date of any immediately following activities is known as a _____.
LATE START DATE - ANSWERS-The _____ for an activity is the latest possible time an activity
might begin without delaying the project finish date.
