NU PMB410 Midterm Examination

Save All Answers Save and SubmitQUESTION 1Why is it necessary to have a time-phased budget baseline? A. It allows proper resource allocation B. It shows how much work was accomplished for the money spent C. It reduces schedule slippage when scheduling multiproject resources D. It is not necessary to have a time-phased budget baseline E. It reduces fluctuations in cash flow during the project4 points Save AnswerQUESTION 2Project selection would be an oversight activity at the project level. True False4 points Save AnswerQUESTION 3___________ reflects the likelihood the original critical path(s) will change once the project is initiated.4 points Save AnswerQUESTION 4What is the difference between free slack and total slack? Path: pWords:010 points Save AnswerQUESTION 5The ________ model limits measures of performance to goals in four main areas: customer, internal, innovation and learning, and financial measures4 points Save AnswerQUESTION 6The difference between project management and project leadership is that project management includes: A. Recognizing the need to alter direction B. Aligning people to meet new directions C. Monitoring results against plans D. Motivating people to meet new objectives E. All of these are leadership functions4 points Save AnswerQUESTION 7The Manchester United Soccer Tournament project team (Review Manchester United case at the end of Chapter 4) has identified the following potential risks to their project:Referees failing to show up at designated games.Fighting between teams.Pivotal error committed by a referee that determines the outcome of a game.Abusive behavior along the sidelines by parents.Inadequate parking.Not enough teams sign up for different age brackets.Serious injury.How would you recommend that they respond (i.e., avoid, accept, …) to these risks and why? Path: pWords:010 points Save AnswerQUESTION 8If the project has a duration of 13 days, the project should be completed 13 days from the day it starts. True False4 points Save AnswerQUESTION 9Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or “catch-up” as the project is being implemented. Path: pWords:010 points Save AnswerQUESTION 10The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as: A. Portfolio Project Management B. Project Office Management C. Project Management Optimization D. Project Priority Matrix Management E. Resource Allocation Optimization4 points Save AnswerQUESTION 11When completing a forward pass, you carry the early finish to the next activity where it becomes its early start unless the next succeeding activity is a merge activity. In this case you select the smallest early finish number of all its immediate predecessor activities. True False4 points Save AnswerQUESTION 12Why is it important for project managers to resist changes to the project baseline? Under what conditions would a project manager make changes to a baseline? When would a project manager not allow changes to a baseline? Path: pWords:010 points Save AnswerQUESTION 13Although it is very difficult to measure, measuring technical performance is as important as measuring schedule and cost performance. True False4 points Save AnswerQUESTION 14The significance of a risk is assessed in terms of the ________ and the impact of the event.4 points Save AnswerClick Save and Submit to save and submit. Click Save All Answers to save all answers.