PRM3701 ASSESSMENT 2 SEMESTER 2 2024 Below are ways the Work Breakdown Structure (WBS) helps in managing projects. Which way listed below is incorrect a. with cost and time estimates the WBS makes it possible to plan, schedule and budget the project. b. i

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, UNISA  2024  PRM3701-24-S2  Welcome Message  Assessment 2

QUIZ




Question 1

Not yet answered

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You have just been given a project that has a specific completion date. After a
discussion with top management you find that while the date is important the
cost is more important and a slip in delivery would be acceptable if required to
meet the cost targets. The completion date is best classified as




a. constrained.

b. reduced.

c. accepted.

d. limited.

e. optional.

Clear my choice




Question 2
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Below are ways the Work Breakdown Structure (WBS) helps in managing
projects. Which way listed below is incorrect




a. with cost and time estimates the WBS makes it possible to plan,
schedule and budget the project.

b. it provides management with information appropriate to each level.

c. can be used to define communication channels.

d. allows the project manager to establish the overall objective of the
project.

e. as it is developed, organizational units and individuals can be assigned
responsibility of work packages.

Clear my choice

,Question 3

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The _________ is used to assist in making project trade-offs among schedule,
budget, and performance objectives.


a. responsibility matrix

b. responsibility matrix

c. project priority matrix

d. work package

e. criterion matrix

Clear my choice




Question 4
Answer saved

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You are working for a marketing firm and has just been assigned manager of a
project to develop a new advertising campaign for an established product. What
is the second step the project manager should do?


a. Establish project priorities.

b. Define the project scope.

c. Verify the budget available.

d. Assign team members to work on the project.

e. Determine the required completion date.

Clear my choice




Question 5

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A home builder is collecting estimates for a house that he will have the funding
to build in 12 months. Which of the following factors does he need to consider
in regard to the quality of these estimates?


a. Padding estimates

b. Planning horizon

c. Project structure

d. People

e. Project duration

Clear my choice

, Question 6

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Which of the following is a good condition for top-down estimating?


a. Cost and time important

b. Fixed price contract

c. Customer wants details

d. Internal, small project

Clear my choice




Question 7
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Consider a five-mile-long railroad tunnel. Tunnel experts and advocates
estimate the total cost to be R200 million. What is the reference class for this
project? But reference class projects in this area have been over-budget by 30%.
So, what should the actual revised budget number be for this proposed five-mile
tunnel project?


a. Past bridge projects, R230 million

b. Past tunnel projects, R260 million

c. Past highway projects, R200 million

d. Past building projects, R230 million

e. Past construction projects, R230 million

Clear my choice




Question 8
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A purchasing agent is responsible for ordering hardware for a custom home his
company is building. The contractor installing the hardware is scheduled to
start in 5 working days, but the hardware is on backorder and will not arrive for
another 9 working days. Fortunately, the purchasing agent has 10 days of slack;
however, he shares this slack with the hardware installer. He will have to let the
contractor know that the hardware will be ready 4 days later than expected and
that the slack for the installer has been reduced by 4 days. The purchasing
agent and the installer share 10 days of


a. free slack.

b. shared slack.

c. total slack.

d. critical slack.

e. functional slack

Clear my choice