PM General Questions -Time and Risk

Project Managment Time Milestones established by the customer must be adhered to by:
1. Project manager
2. Functional managers
3. The customer
4. Both a and b

Project Managment Time The decision to request an increase the resources for a project is the responsibility of the:
1. Functional manager
2. Project manager
3. Director of project management
4. Customer

Project Managment Time In which of the following project phases is the project schedule developed?
1. Conceptual
2. Planning
3. Implementation
4. Design

Project Managment Time To crash a schedule you should:
1. Increase the time allowed on those tasks that have float.
2. Try to increase expenditures of time only those tasks that are behind schedule.
3. Replace those worker that are not performing up to par with the busy.
4. Increase work efforts on those tasks that are on the critical path.

Project Managment Time The project scope statement furnishes the basis for:
1. The project scope statement furnishes the basis for:
2. Provides links to the clients functional management groups
3. Allowing the project to move to the next phase
4. A way to provide updated information to the accounting department

Project Managment Time Which of the following is NOT one of the primary needs for good project scheduling?
1. Cutting costs and reducing time
2. Decreasing the time required for decision making
3. Eliminating idle time
4. Developing better trouble shooting procedures.

Project Managment Time The time necessary to complete a project is referred to as:
1. Implementation time
2. Life cycle
3. Operations cycle
4. Production cycle

Project Managment Time The successful project managers spend most of their time:
1. Planning with their personnel
2. Planning with the top management
3. Communication with the project team
4. Studying project results

Project Managment Time Resource leveling attempts to:
1. Reduce resource requirements by smoothing out period-to period resource assignments.
2. Ensure that the budget abnormalities are overcome.
3. Reduce the amount of resources so that they can be shared with on other endeavors.
4. Increase the amount of the project manager's authority so that budget dollars can be appropriated.

Project Managment Time A prerequisite of effective time management is:
1. Knowing the dictated project completion date
2. Having the most advanced software package for project planning, scheduling and control
3. Having a good project WBS which identifies the major project deliverables and tasks, and the person responsible for each of them
4. Having a well staffed scheduling department

Project Managment Risk The Three attributes of project risk are _________, ___________ and ___________.
1. What might happen, who it happens to, and how much will it cost
2. Notification, frequency of relevant events, probability of occurrence
3. Risk cost, quality, control
4. Quality, risk planning, total number of risk events
5. Risk event, probability occurrence, the amount at stake

Project Managment Risk A risk is defined as what might happened to the ____________ of the project
1. assessment
2. detriment
3. schedule
4. cost
5. scope

Project Managment Risk When is the project's amount at stake the lowest
1. conceptual
2. design
3. close-out
4. implementation

Project Managment Risk A new project was initiated that involves new technology and subsequently has never been done before. What type of contract would to owner want to issue to reduce or eliminate as much risk as possible. 1. Firm fixed price 2. Cost plus fix fee 3. Cost plus incentive fee 4. Lump sum 5. A and D

Project Managment Risk What is the most accurate method of obtaining project information that can reduce the amount of risk? 1. Observations on the current project 2. Determining the risk by using brainstorming techniques 3. The use of historical data from previous projects that were similar in nature 4. Sensitivity analysis 5. Delphi technique.