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PROJECT MANAGEMENT - IV
Time left: 0:19:54

Question 1 of 30
If a project needs one earth mover six months from now in order to
complete one activity, and the organization has four such machines, there is no
equipment resource constraint.

True

False

Question 2 of 30
Nancy tells her supervisor that as of right now, $1.05 worth of work has
been accomplished for each $1 worth of scheduled work. Nancy got this
information from viewing the

CPI

TCPI

SV

PCIB

SPI

Question 3 of 30
Risk management is a reactive approach that is designed to ensure that
surprises are reduced and that negative consequences associated with
undesirable events are minimized.

True

False

Question 4 of 30
Scheduling projects classified as resource-constrained focuses on
completing the project as soon as possible under the given resource
constraints.

True

False

Question 5 of 30

Regina's boss has told her that her project is very important. If the
critical path is delayed, she will be given whatever she needs to get it back
on schedule. Her project is classified as ________ constrained.

Performance

Quality

Time

Resource

Cost

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Test
PROJECT MANAGEMENT - IV
Time left: 0:18:49

Question 6 of 30
A project monitoring system involves all of the following EXCEPT

Adjusting the data.

Reporting current progress.

Analysis of the data.

Determining how, when, and who will collect the data.

Determining what data to collect.

Question 7 of 30
Adopting proven technology instead of experimental technology is an
example of mitigating a risk.

True

False

Question 8 of 30
A risk profile is a list of questions that have been developed and
refined from previous, similar projects.

True

False

Question 9 of 30
Gene is trying to order the concrete needed to continue his project.
However, the supplier will not be able to deliver it until next week. This is
an example of what kind of resource constraint?

Information

Materials

Equipment

People

Working capital

Question 10 of 30
Risks that can result in a system or process that will not work are
known as

A) Technical risks.

B) Funding risks.

C) Schedule risks.

D) Cost risks.

E) Unnecessary risks.

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PROJECT MANAGEMENT - IV
Time left: 0:17:56

Question 11 of 30
In monitoring project time (schedule) performance, actual performance should
be compared to

Top management's targets.

Budgets for the current year.

Project network schedule derived from the WBS/OBS.

Previous status reports.

Progress on similar past projects.

Question 12 of 30
The only accurate method for determining the true time progress of the
project is to compare the project network schedule against the actual network schedule to
measure if the project is on time.

True

False

Question 13 of 30
In some cases, conditions or scope can change, which, in turn, will
require a change in the baseline plan to recognize new information.

True

False

Question 14 of 30

The earned value of a project is the

Cost incurred minus the planned cost.

Percent of the original budget that has been earned by actual work.

The planned time-phased baseline of the value of work scheduled.

Project cost to date adjusted for project scope changes.

Total project cost to date.

Question 15 of 30
The baseline is derived from merging information from the work packages
with the project network.

True

False

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PROJECT MANAGEMENT - IV
Time left: 0:16:50

Question 16 of 30
The inability to fit more than two earth movers on a construction site
at the same time when more are needed to complete the activity on time is an example of a
physical constraint.

True

False

Question 17 of 30
Responses to all identifiable risks should be a top priority for the
project manager.

True

False

Question 18 of 30

Susan is to conduct environmental testing but the chamber cannot hold

all the equipment that she wants to test. This is an example of a constraint
that could impact the sequence and timing of activities in a project network.
What type of constraint is it?

Physical

Scheduling

Resource

Technical

Time

Question 19 of 30
To determine if a project is time-constrained or resource-constrained
you would consult the project priority matrix.

True

False

Question 20 of 30
Purchasing an accident insurance policy would be an example of
responding to a risk by _____________ it.

A) Mitigating

B) Retaining

C) Ignoring

D) Transferring

E) Avoiding

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PROJECT MANAGEMENT - IV
Time left: 0:15:54

Question 21 of 30
The schedule variance for a project is calculated by:

EV - PV

PV - EV

EV - AC

CV - EV

AC - SV

Question 22 of 30
When resource constraints are added to technical constraints the
original project network may change as well as the completion date.

True

False

Question 23 of 30
The level of resources each activity will need to be completed in the
given amount of time has been estimated; therefore, there are no resource
constraints.

True

False

Question 24 of 30

Risk events that occur in the early stages of a project will have a
greater cost impact than those that occur in later stages.

True

False

Question 25 of 30
The attempt to recognize and manage potential and unforeseen trouble
spots that may occur when a project is implemented is known as

A) Risk forecasting

B) Risk management

C) Contingency planning

D) Scenario analysis

E) Disaster protection.

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PROJECT MANAGEMENT - IV
Time left: 0:13:52

Question 26 of 30
When considering the sequence and timing of activities, which of the
following is NOT one of the types of project network constraints?

Technical

Resource

Physical

All of these are types of constraints that could impact structure of the
project network

Time

Question 27 of 30
When considering risk value, the lower the value, the higher the level
of risk.

True

False

Question 28 of 30
Splitting is a scheduling technique used to get a better schedule or
better resource utilization and should be used without hesitation.

True

False

Question 29 of 30
One common mistake that is made early on in the risk identification
process is to focus on consequences and not on the events that could produce
consequences.

True

False

Question 30 of 30
If resources are not adequate to meet peak demands, the resulting
reschedule is termed

A) Resource-constrained scheduling.

B) Time-constrained scheduling.

C) Mandatory leveling.

D) Project resource adjustment.

E) Allocation.

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