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BUS 517 FINAL EXAM PART 2 / BUS 517 FINAL EXAM PART 2

1) The cost to prepare bottom-up estimates will typically run how much more than the costs to prepare the top-down estimates? 

A. About the same

B. About twice as much

C. About three times as much

D. About four times as much

E. About five times as much

2) Resource shortages, in the form of people, equipment, or materials, is a good example of 

A. Hidden interaction costs

B. Things going wrong on a project

C. Normal conditions not applying

D. Changes in project scope

E. None of these are correct

3) The accuracy of top-down estimates will typically be in the range of 

A. Minus 50% to plus 50%

B. Minus 0% to plus 75%

C. Minus 20% to plus 60%

D. Minus 35% to plus 35%

E. Minus 10% to plus 30%

4) Design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are examples of: 

A. Hidden interaction costs

B. Things going wrong on a project

C. Normal conditions not applying

D. Changes in project scope

E. None of these are correct

5) In practice, estimating processes are frequently classified as 

A. Top down/bottom up

B. Rough/polished

C. Precise/order of magnitude

D. Draft/final

E. Both A and B are correct

6) 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

E. All of these are good conditions for top-down estimating

7) Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation? 

A. Padding estimates

B. Planning horizon

C. Project structure

D. People

E. Organization culture

8) A/an _________ activity has more than one dependency arrow flowing from it. 

A. Parallel

B. Critical path

C. Burst

D. Merge

E. Independent

9) ________ activities are to be completed immediately following a particular activity. 

A. Merge

B. Burst

C. Predecessor

D. Successor

E. Critical

10) When translated into a project network, a work package will become 

A. A single activity

B. One or more activities

C. A milestone

D. A critical path

E. An arrow

11) Activities which can take place at the same time are termed 

A. Parallel activity

B. Critical path

C. Burst activity

D. Merge activity

E. Independent activity

12) The minimum amount of time a dependent activity must be delayed to begin or end is referred to as: 

A. Hammock

B. Laddering

C. Lag

D. Cushion

E. Buffer

13) The minimum amount of time a dependent activity must be delayed to begin or end is referred to as: 

A. Hammock

B. Laddering

C. Lag

D. Cushion

E. Buffer

14) Which of the following is not one of the steps in the risk management process? 

A. Risk response development

B. Risk assessment

C. Risk identification

D. Risk tracking

E. Risk response control

15) One of the keys to success in risk identification is 

A. Critical thinking

B. Optimism

C. Pessimism

D. A “can do” attitude

E. All of these are correct

16) The 1999 NASA Mars Climate Orbiter is an example of 

A. Disaster avoidance through proactive risk management

B. Murphy’s Law

C. Proper use of critical thinking

D. Mismanaged risk control

E. Using historical records to assess risk

17) A list of questions that address traditional areas of uncertainty on a project is termed a risk 

A. Risk profile

B. Questionnaire

C. Research

D. Query

E. Checklist

18) One common mistake made early in the risk identification process is to 

A. Not all possibilities are considered

B. Participants are over-optimistic

C. Participants are over-pessimistic

D. Focus on objectives and not on the events that could produce consequences.

E. Too much attention is given to past events

19) In the beginning the focus of risk management should be on risks that 

A. Impact the whole project

B. Impact the critical path

C. Are known

D. Have the greatest cost impact

E. Have the greatest schedule impact

20) More common problems associated with managing multiproject resources include all of the following except 

A. Inefficient resource utilization

B. Delays in one project cause delays in other projects

C. Reducing “downtime” created by lack of tasks to perform

D. Resource bottlenecks

E. All of these are common problems

21) Which of the following is not one of the types of project constraints? 

A. Physical

B. Technical

C. Resource

D. Time

E. All of these are types of project constraints

22) In a resource-constrained project, the first priority in assigning resources is usually given to activities with the 

A. Smallest duration

B. Least slack

C. Most slack

D. Lowest identification number

E. Highest cost

23) . 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

24) 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. 

A. Physical

B. Technical

C. Resource

D. Scheduling

E. Time

25) . In a resource-constrained project the third priority in assigning resources is usually given to activities with the 

A. Smallest duration

B. Least slack

C. Most slack

D. Lowest identification number

E. Highest cost

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