Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals within the specified time. This process occurs in five main stages and proper understanding of this ensures people meet their tasks. Take the quiz and test your understanding on chapter 8 on project management.
Money
People
Materials
Equipment
OBS
WBS
PBS
All of them
Reduces Slack
Increases flexibility
Increases slack
Both B and C
When plain smoothing techniques become obsolete
To get a better project schedule
Increase resource utilization
Both B and C
There is no splitting of activities
The level of resources cannot be changed
Resources can easily be transferred from one activity to another
All of them are assumptions we make when allocate resources
To estimate amount of money needed for the project
To evaluate performance of the project
Minimize waste in the project
Both A and B
If Project Manager is solving technical constrains, resource constrains have been resolved.
Both constrains are mutually exclusive
Resource constrains can alter technical constrains
Technical constrains can alter resource constrains
Resource utilization
Resource optimization
Slack reduction
None of them is a focus of the time constrained project
Minimize resource usage
Minimize time delay
Optimize resource usage
Optimize time usage
Earliest Start
Latest Start
Earliest Finish
Latest Finish