question archive Need help on the quiz GSGM7334 Project Management 37
Need help on the quiz GSGM7334 Project Management 37
Subject:ManagementPrice:9.82 Bought3
Need help on the quiz
GSGM7334 Project Management
37. When determining which activity to crash, there are other factors that should be assessed beyond cost. Which of the following is NOT one of these factors?
A. The inherent risk associated with the activity
B. How crashing will impact the morale and motivation of the individuals working on that activity
C. Resource availability after crashing that activity
D. The level of difficulty involved in completing the activity
E. When during the project the activity will occur
38. Reducing project duration
A. Involves crashing all activities to their crash point
B. Can only be done when resources are not constrained
C. Is always more expensive
D. Tends to increase network sensitivity
E. Should be considered for all projects
39. Sometimes very high __________ costs are recognized before a project begins and reducing these costs through shorter project durations becomes a high priority.
A. Labor
B. Direct
C. Project
D. Overhead
E. Interest
40. Which of the following projects would be least benefited if additional resources were added?
A. Splitting and stacking a cord of wood
B. Developing new software
C. Harvesting a crop by hand
D. Building a cabin
E. Moving to a new house
41. All of the following are disadvantages of scheduling overtime EXCEPT
A. Overtime is associated with additional costs of coordination and communication
B. Sustained overtime work by salaried employees may incur burnout
C. Productivity is reduced the longer one is working
D. More hours results in higher expenses if paying workers hourly
E. Continued overtime can lead to a higher turnover rate
42. Which of the following is NOT a technique for accelerating project completion when resources are not constrained?
A. Assign additional staff and equipment
B. Establish a core team
C. Do it twice-first fast and then correctly
D. Reduce project scope
E. Compromise quality
43. In monitoring project time (schedule) performance, actual performance should be compared to
A. Budgets for the current year
B. Top management's targets
C. Project network schedule derived from the WBS/OBS
D. Progress on similar past projects
E. Previous status reports
44. The earned value system starts with the time-phased costs that provide the project baseline, which is called the
A. Planned budgeted value of work scheduled
B. Planned budgeted value of work completed
C. Earned value of work scheduled
D. Scheduled value of work scheduled
E. Scheduled value of work completed
45. The earned value of a project is the
A. Project cost to date adjusted for project scope changes
B. Total project cost to date
C. Cost incurred minus the planned cost
D. Percent of the original budget that has been earned by actual work
E. The planned time-phased baseline of the value of work scheduled
46. The cost variance for a project is calculated by
A. EV - AC
B. AC - SV
C. PV - EV
D. CV - EV
E. EV - PV
47. The schedule variance for a project is calculated by:
A. EV - AC
B. AC - SV
C. PV - EV
D. CV - EV
E. EV - PV
48. Baseline project budgets are derived from
A. The organization's overall budget
B. Time-phasing the work packages
C. Top management directions
D. The total direct, direct project overhead and G&A overhead costs
E. The earned value system
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Q 37
D. The level of difficulty involved in completing the activity
When determining which activity to crash, there are other factors that should be assessed beyond cost. These factors include the inherent risk associated with the activity, how crashing will impact the morale and motivation of the individuals working on that activity, resource availability after crashing that activity, and the level of difficulty involved in completing the activity.
Q38
A. Involves crashing all activities to their crash point
Reducing project duration can involve crashing all activities to their crash point. This can only be done when resources are not constrained. Reducing project duration is always more expensive. Reducing project duration tends to increase network sensitivity. Reducing project duration should be considered for all projects.
Q39
D. Overhead
Overhead costs, also known as overhead or operating expenses, are expenses associated with running a business that are not directly related to the creation or production of a product or service. They are the expenses incurred by the business in order to remain in business, regardless of its level of success.
Q40
C. Harvesting a crop by hand
If additional resources were added to the project of harvesting a crop by hand, it would be less benefited because it would be more difficult to harvest the crop with more people helping.
Q41
E. Continued overtime can lead to a higher turnover rate
Q42
D. Reduce project scope
Reducing project scope is not a technique for accelerating project completion when resources are not constrained. Some possible techniques include assigning additional staff and equipment, establishing a core team, doing it twice-first fast and then correctly, and compromising quality.
Q43
C. Project network schedule derived from the WBS/OBS
The project network schedule derived from the WBS/OBS is the most accurate comparison of actual performance to schedule.
Q44
C. Earned value of work scheduled
The earned value system starts with the time-phased costs that provide the project baseline, which is called the earned value.
Q45
D. Percent of the original budget that has been earned by actual work
The earned value of a project is the percentage of the original budget that has been earned by actual work completed. It is calculated by dividing the earned value by the budget at completion.
Q46
A. EV - AC
Q47
E. EV - PV
Q4
B. Time-phasing the work packages
