Exam 6: The Work Breakdown Structure and Project Estimation

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The kick-off meeting brings closure to the planning phase of the project.

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Rolling wave planning is:

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The cost of labor for using a resource are _____

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A

Three team members are given the task of estimating activity durations.Mr.Optimist estimates the activity to take 2 days to complete.Ms.Pessimist estimates the activity to take 5 days.Mrs.Realist claims that the most likely estimate is 4 days.What should their PERT analysis assign as an expected duration for the activity and what are the benefits and implications of deploying this tool?

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Start-to-Start and Finish-to-Finish relationships allow activities to be worked on in parallel.

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Adding resources to an activity to shorten the critical path is called_____

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Critical Chain Project Management (CCPM) is based on the idea that

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_____ can be useful for tracking and monitoring project progress because because they are simple and straightforward.

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Which of the following statements are true?:

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What is a kick-off meeting? What purpose does it serve?

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Describe the Precedence Diagramming Method along with the four fundamental relationships that they are based on.

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Describe the five steps that comprise the process of estimating the cost of a particular activity.Illustrate the steps with a hypothetical example.

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Under the Precedence Diagramming Method, the situation which occurs when a relationship between two tasks that can or must start at the same time is called:

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A reserve can provide a cushion when unexpected situations arise.

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What are the potential benefits of a kickoff meeting?

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Why should the project manager ensure that the project resources are leveled?

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The Critical Path is:

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The direct costs of using a resource is the only type of cost that should be considered when developing the project budget.

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Identifying the critical path is important because a project can only have one critical path and it never changes.

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A start-to-finish activity is the most common relationship between two activities.

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