Exam 7: The Project Schedule and Budget

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

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True

Funds allocated for unexpected expenses are _____

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E

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

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False

The amount of time an activity can be delayed before affecting the project deadline is _____

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A reserve can provide a cushion when unexpected situations arise.

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Describe the PMBOK area of project cost management.

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Under the Precedence Diagramming Method,the situation which occurs when two activities can start at different times,have different durations,but are planned to be competed at the same time is called:

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The technique used to find the sequence of tasks with zero slack or float)is most closely associated with:

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The final step in determining the cost of an activity is:

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Scheduling other projects so that resources may be shared is_____

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Installing the operating system on a computer before loading any application packages is an example of:

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Under the Precedence Diagramming Method,the situation which occurs when task A cannot end until task B starts is called:

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Parallel activities can shorten the project schedule,but can have an impact on project resources if a resource is assigned to two tasks at the same time.

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_____ is considered the most useful and widely used project management tool.

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What does prorating the cost of a resource mean?

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Costs incurred prior to the current project are _____

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What is meant by slack or float)?

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The PMBOK area called project cost management includes estimate costs,determine budget,and control costs.

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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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