BUS 375 Midterm Exam Part 2 (2 Set) NEW

31 May BUS 375 Midterm Exam Part 2 (2 Set) NEW

 Question 1  Which of the following is NOT one of the recommended guidelines for developing useful work package estimates? .

• Question 2  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?
• Question 3  Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that the projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing? 

• Question 4  Refining estimates may be necessary for a number of reasons. For example, resource shortages, in the form of people, equipment, or materials, can extend original estimates. This is a good example of 

• Question 5  Refining estimates may be necessary for a number of reasons. For example, a manager getting further into a project and obtaining a better understanding of what needs to be done to accomplish a project and meet the needs of the customer is an example of 

• Question 6  Which of the following is NOT true in regard to the level of detail estimates should contain? 

• Question 7  Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using? 

• Question 8  The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as

• Question 9  Which of the following is NOT one of the bottom-up approaches to estimating project time and cost? 

• Question 10  Richard is collecting estimates for a house that he will have the funding to build in 12 months. Which of the following factors does Richard need to consider in regard to the quality of these estimates? 

• Question 11  Which of the following top-down methods is used when projects closely follow past projects in regard to features and costs of those features, and result in costs being assigned by percentages to major segments of the project? 

• Question 12  Which of the following is a good condition for bottom-up estimating? 

• Question 13  What is the relationship between organizational culture and estimating? 

• Question 14  Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is scheduled to start in 5 working days, but the hardware is on backorder and will not arrive for another 9 working days. Fortunately, Tom has 10 days of slack; however, he shares this slack with the hardware installer. He will have to let the contactor know that the hardware will be ready 4 days later than expected and that the slack for the installer has been reduced by 4 days. Tom and the installer share 10 days of 

• Question 15  System documentation cannot end until three days after testing has started. This is an example of which kind of lag?

• Question 16  Which of the following will correctly calculate the total slack in an activity? 

• Question 17  Which of the following is NOT one of the basic rules to follow when developing project networks?

• Question 18  When translated into a project network, a work package will become 

• Question 19  Bill is building a project network that involves testing a prototype. He must design the prototype (activity 1), build the prototype (activity 2), and test the prototype (activity 3). Activity 1 is the predecessor for activity 2 and activity 2 is the predecessor for activity 3. If the prototype fails testing, Bill must redesign the prototype; therefore, activity 3 is a predecessor for activity 1. This is an example of 

• Question 20  Which of the following correctly calculates the late start for an activity? 

• Question 21 ________ activities must be completed immediately before a particular activity. 

• Question 22  The backward pass in project network calculations determines all of the following EXCEPT

• Question 23  The critical path in a project network is the 

• Question 24  Which of the following correctly calculates the early finish for an activity?

• Question 25  If a project has more than one activity that can begin when the project is to start, a common start node should be used to indicate a clear project beginning on the network. Without a common start node, each path is a 

Set 2
• Question 1  The likelihood the original critical path(s) will change once the project is initiated is referred to as 

• Question 2  Bill is building a project network that involves testing a prototype. He must design the prototype (activity 1), build the prototype (activity 2), and test the prototype (activity 3). Activity 1 is the predecessor for activity 2 and activity 2 is the predecessor for activity 3. If the prototype fails testing, Bill must redesign the prototype; therefore, activity 3 is a predecessor for activity 1. This is an example of 

• Question 3  The assumption that all immediate preceding activities must be 100% complete is too restrictive in some situations. When an activity is broken down into smaller segments in order to start the succeeding activity sooner, this is called 

• Question 4  The minimum amount of time a dependent activity must be delayed to begin or end is referred to as 

• Question 5  Which of the following represents an activity on an activity-on-node (AON) project network? 

• Question 6 ________ activities must be completed immediately before a particular activity. 

• Question 7  If, for some reason, the project must be expedited to meet an earlier date, which of the following actions would the project manager take first? 

• Question 8  Which of the following can be used without coordinating with managers of succeeding activities?

• Question 9  An activity that has more than one dependency arrow flowing into it is termed a(n) 

• Question 10 A(n) _________ activity has more than one dependency arrow flowing from it. 

• Question 11  Which of the following does NOT help describe a project network?

• Question 12  Arrows on an activity-on-node (AON) project network represent 

• Question 13  Companies are using which of the following for improving the estimating process for future projects?

• Question 14  Which of the following describes the consensus method? 

• Question 15  The process of forecasting or approximating the time and cost of completing project deliverables is called 

• Question 16  What is the relationship between organizational culture and estimating? 

• Question 17  Which of the following is a good condition for top-down estimating? 

• Question 18  In practice, estimating processes are frequently classified as 

• Question 19  Refining estimates may be necessary for a number of reasons. For example, people working on prototype development needing time to interact with the design engineers after the design is completed is a good example of 

• Question 20  Refining estimates may be necessary for a number of reasons. For example, resource shortages, in the form of people, equipment, or materials, can extend original estimates. This is a good example of 

• Question 21  Which of the following is NOT true in regard to the level of detail estimates should contain? 

• Question 22  Which of the following top-down methods is used when projects closely follow past projects in regard to features and costs of those features, and result in costs being assigned by percentages to major segments of the project? 

• Question 23  Rob is responsible for estimating a work package that has a significant amount of uncertainty associated with the time and cost to complete. Due to the uncertainty involved he will be making a low, an average and a high estimate. Rob is using which estimating approach?

• Question 24  Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that the projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing? 

• Question 25  The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as