PMP
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- 1.
You are in process of identifying and documenting the project roles and responsibilities and create staffing management plan. All of the following should be addressed when listing the roles and responsibilities EXCEPT:
- A.
Competency
- B.
Authority
- C.
Responsibility
- D.
Compliance
- E.
Role
Correct Answer
D. ComplianceExplanation
When identifying and documenting project roles and responsibilities and creating a staffing management plan, all aspects should be addressed except for compliance. Competency refers to the skills and qualifications required for each role, authority defines the decision-making power and level of control each role has, responsibility outlines the tasks and duties assigned to each role, and role defines the position and function within the project. Compliance, on the other hand, does not directly relate to the identification and documentation of project roles and responsibilities.Rate this question:
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- 2.
Reserve analysis is a tool /technique in all of the following processes EXCEPT:
- A.
Cost budgeting
- B.
Activity resource estimation
- C.
Risk monitoring and control
- D.
Activity duration estimation
- E.
Cost estimation
Correct Answer
B. Activity resource estimationExplanation
Reserve analysis is a tool/technique used in cost budgeting, risk monitoring and control, activity duration estimation, and cost estimation. However, it is not used in activity resource estimation. Activity resource estimation involves determining the types and quantities of resources required to complete project activities, while reserve analysis is used to determine the amount of contingency or buffer needed to account for uncertainties in the project. Therefore, reserve analysis is not applicable to activity resource estimation.Rate this question:
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- 3.
Which of the following are NOT outputs of the Activity Duration Estimation process?
- A.
Activity Duration Estimates
- B.
Schedule baseline
- C.
None of the choices are correct
- D.
Updates to activity attribute
Correct Answer
B. Schedule baselineExplanation
The Schedule baseline is not an output of the Activity Duration Estimation process. The Activity Duration Estimates are the primary output of this process, providing the estimated durations for each activity. Updates to activity attributes may also be an output, as the estimation process may require adjustments to the attributes of the activities. However, the Schedule baseline is not directly generated from this process, as it is a separate process used to establish the approved project schedule.Rate this question:
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- 4.
Which of the following statements are FALSE regarding the project scope management plan?
- A.
The project scope management plan describes how the project scope will be defined and managed by the project scope management team
- B.
The project scope management plan specifies how formal verification and acceptance of the project deliverables will be satisfied
- C.
The project scope management plan is contained within the project management plan.
- D.
The project scope management plan identifies the influence and interest of the stakeholders and documents their expectations
- E.
The project scope management plan is an output of the Scope Planning process
Correct Answer
D. The project scope management plan identifies the influence and interest of the stakeholders and documents their expectationsExplanation
The project scope management plan does not identify the influence and interest of the stakeholders and document their expectations. This statement is false because the project scope management plan focuses on how the project scope will be defined and managed, specifies formal verification and acceptance of deliverables, and is contained within the project management plan. The identification of stakeholders and their expectations is typically done in the stakeholder management plan.Rate this question:
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- 5.
Which of the following statements are TRUE regarding various Activity Scheduling tools?
- A.
PDM allows for conditional branching and iteration of activities
- B.
PDM uses activity-on-node (AON) diagramming method.
- C.
PDM allows for conditional branching and iteration of activities
- D.
PDM uses analogous methods as an estimation technique.
Correct Answer
B. PDM uses activity-on-node (AON) diagramming method.Explanation
PDM stands for Precedence Diagramming Method, which is a network diagramming technique used in project management. It is true that PDM uses the activity-on-node (AON) diagramming method. In this method, activities are represented by nodes, and the dependencies between activities are shown by arrows. The nodes represent the start and finish of each activity, and the arrows represent the sequence in which the activities must be performed. This allows for a visual representation of the project schedule and helps in identifying the critical path and dependencies between activities.Rate this question:
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- 6.
Which of the following can be used to determine what work is included in each work package for each of your team members?
- A.
None of the choices are correct
- B.
WBS dictionary
- C.
RBS
- D.
Project scope statement
- E.
Project schedule
Correct Answer
B. WBS dictionaryExplanation
The WBS dictionary can be used to determine what work is included in each work package for each of your team members. The WBS dictionary provides detailed information about each work package, including its description, deliverables, activities, and resources required. It helps in clarifying the scope of work and ensuring that everyone understands their responsibilities and the work that needs to be done. The other options, such as the RBS, project scope statement, and project schedule, may provide some information related to the work packages, but the WBS dictionary is specifically designed to provide detailed information about each work package.Rate this question:
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- 7.
Which of the following statements are FALSE regarding rolling wave plan?
- A.
Rolling Wave Planning is a phased iterative approach to project development
- B.
Rolling Wave Planning is a cost and schedule planning technique used in the Activity Definition process
- C.
Rolling Wave Planning is the process of decomposing each work package within the WBS into the corresponding schedule activities required to produce the work package deliverables
- D.
Rolling Wave Planning describes a form of progressive elaboration planning where the work to be performed in the near time is planned in detail at a low level of the WBS, while work far in future is planned for WBS components that are relatively at a high level of WBS.
Correct Answer
C. Rolling Wave Planning is the process of decomposing each work package within the WBS into the corresponding schedule activities required to produce the work package deliverables -
- 8.
Which of the following statements are FALSE regarding Expected Monetary Value Analysis (EMV)?
- A.
EMV is a statistical concept that calculates the average outcome of project outcomes based on various assumptions and scenarios
- B.
Decision tree analysis is a type of EMV analysis
- C.
EMV is a tool/ technique of Qualitative Risk Analysis
- D.
EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence, and summing them together
Correct Answer
C. EMV is a tool/ technique of Qualitative Risk AnalysisExplanation
EMV is not a tool or technique of Qualitative Risk Analysis. Instead, it is a statistical concept that calculates the average outcome of project outcomes based on assumptions and scenarios. EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence and summing them together. Decision tree analysis is a type of EMV analysis.Rate this question:
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- 9.
Which of the following describes a group of elated schedule activities aggregated at some summary level, displayed reported as a single activity at summary level?
- A.
Work activity
- B.
Control account
- C.
Planning package
- D.
Milestone activity
- E.
Hammock activity
Correct Answer
E. Hammock activityExplanation
A hammock activity is a group of related schedule activities that are summarized and reported as a single activity at a summary level. It represents a higher-level task or deliverable that encompasses multiple individual activities. This allows for easier tracking and reporting of progress for larger, more complex projects.Rate this question:
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- 10.
Which of the following are NOT tools/ techniques of the Activity Definition Process?
- A.
Expert judgment
- B.
Decomposition, templates
- C.
Rolling wave planning
- D.
Planning component
- E.
Schedule network templates
Correct Answer
E. Schedule network templatesExplanation
Schedule network templates are not tools/techniques of the Activity Definition Process. The Activity Definition Process involves identifying and documenting the specific activities that need to be performed to complete the project. Expert judgment, decomposition, templates, rolling wave planning, and planning component are all tools/techniques commonly used in this process. However, schedule network templates are not directly related to defining activities but rather to developing the project schedule.Rate this question:
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- 11.
You are in process of developing an approximation of the costs of resources needed to complete each schedule activity. Which of the following is the LEAST helpful input?
- A.
WBS, WS dictionary
- B.
Market place conditions, commercial databases
- C.
Cost estimating policies/ templates, historical information, project team knowledge
- D.
Schedule management plan, staffing management plan, risk register
- E.
Activity cost estimates, activity cost estimate supporting detail
Correct Answer
E. Activity cost estimates, activity cost estimate supporting detailExplanation
The activity cost estimates and activity cost estimate supporting detail are the least helpful inputs because they are the actual estimates of the costs of each activity. The other inputs such as the WBS, WS dictionary, market place conditions, commercial databases, cost estimating policies/templates, historical information, project team knowledge, schedule management plan, staffing management plan, and risk register provide valuable information and resources for developing the cost estimates.Rate this question:
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- 12.
Planning components are tools/ techniques of the Activity Definition Process. Which of the following are planning components?
- A.
Rolling wave planning, decomposition
- B.
Control account, planning package
- C.
Milestone list, schedule network templates
- D.
Control package, planning account
Correct Answer
B. Control account, planning packageExplanation
Control account and planning package are planning components of the Activity Definition Process. Control accounts are used to manage and control the work within a project, while planning packages are subsets of control accounts that are used to plan and estimate the work. These components help in organizing and defining the activities required to complete a project. Rolling wave planning, decomposition, milestone list, and schedule network templates are not planning components in this context.Rate this question:
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- 13.
You are in process of numerically analyzing the effects of identified risks. Which of the following are NOT tools/ techniques you can use in the process?
- A.
Sensitivity analysis
- B.
Reserve analysis
- C.
Expected monetary value analysis
- D.
Modeling and simulation
- E.
Decision tree analysis
Correct Answer
B. Reserve analysisExplanation
Reserve analysis is not a tool/technique used in the process of numerically analyzing the effects of identified risks. Reserve analysis is a technique used in project cost management to determine the amount of contingency reserves needed to account for identified risks. It involves analyzing the project's overall risk exposure and determining the appropriate amount of funds to set aside as reserves. However, in the context of numerically analyzing the effects of identified risks, other tools/techniques such as sensitivity analysis, expected monetary value analysis, modeling and simulation, and decision tree analysis are more commonly used.Rate this question:
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- 14.
Which of the following describes tool/ technique where expenditure of funds is reconciled with the funding limits imposed by the performing organization?
- A.
Forecasting
- B.
Cost reconciliation
- C.
Funding limit reconciliation
- D.
Reserve reconciliation
- E.
Reserve reconciliation
Correct Answer
C. Funding limit reconciliationExplanation
Funding limit reconciliation is the correct answer because it refers to the process of comparing and aligning the expenditure of funds with the funding limits set by the performing organization. This technique ensures that the actual spending stays within the approved budget and helps in identifying any discrepancies or overages. It is an important tool for financial management and control, allowing organizations to track and manage their expenses effectively.Rate this question:
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- 15.
Which of the following situations will cause schedule activity duration estimates to directly influence the cost estimates EXCEPT:
- A.
When resource cost rate information is unavailable from commercial databases
- B.
When resources are applied per unit of time of duration of schedule activity
- C.
When union labor with regularly expiring collective bargaining agreements are involve
- D.
. When seasonal cost variations are involve
- E.
When project budget includes interest rate changes
Correct Answer
A. When resource cost rate information is unavailable from commercial databasesExplanation
When resource cost rate information is unavailable from commercial databases, it will not directly influence the cost estimates because the cost rates are not known. The cost estimates will instead be based on other factors such as historical data, industry standards, or negotiations with suppliers.Rate this question:
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- 16.
Which of the following statements are FALSE regarding costreimbursable contracts?
- A.
Cost-reimbursable contracts generally carry the highest risks to the buyer, as the total costs are uncertain
- B.
Cost-reimbursable contracts often includes incentives for meeting or exceeding project objectives
- C.
Cost-reimbursable contracts resemble fix unit agreements when the unit rates are preset by the buyer and selle
- D.
Cost-reimbursable contracts are contracts that involves payments to the seller for actual costs, plus a fee representing the sellers profit
Correct Answer
C. Cost-reimbursable contracts resemble fix unit agreements when the unit rates are preset by the buyer and selleExplanation
Cost-reimbursable contracts do not resemble fixed unit agreements when the unit rates are preset by the buyer and seller. In cost-reimbursable contracts, the seller is reimbursed for the actual costs incurred, plus a fee for profit. The unit rates are not fixed in advance in this type of contract, unlike in fixed unit agreements where the rates are predetermined. This statement is false because it incorrectly suggests that cost-reimbursable contracts are similar to fixed unit agreements in terms of unit rate setting.Rate this question:
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- 17.
You have been hired as a project manager for a small local bank. The banks wants you to design and develop custom online bill pay software so that its customers can pay their bills online. You are ready to begin the activity definition of your project. You have identifies the scope statement, the WBS, and talked with the SME’s. In addition, for security reason, you have been informed that project team members must NOT have criminal history with the FICO score of 700 or above. In addition you’ve requested that the bank purchase the necessary transaction processing software, although the software is not yet available. What else do you need before you begin activity definition?
- A.
Identify the historical information on previous projects
- B.
Identify the activity attributes
- C.
Identify the constraints and assumptions of the project
- D.
Identify the activities lists
- E.
Identify the milestone list
Correct Answer
A. Identify the historical information on previous projectsExplanation
Before beginning the activity definition, it is important to identify the historical information on previous projects. This information can provide valuable insights into the successful implementation of similar projects in the past, including any challenges faced and lessons learned. By understanding the historical information, the project manager can make informed decisions, anticipate potential risks, and ensure that the project is executed efficiently and effectively.Rate this question:
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- 18.
You are the project manager at a software company developing the next-gen OODBMS (Object Oriented Data Base Management System). As software development can be very chaotic, your company has elected to follow a more rigorous approach to software development. Specifically your company has chosen to adopt the extreme programming XP methodology for your current software project. The XP methodology is highly iterative, and produces numerous deliverables include UML diagrams, architecture diagrams, prototypes and test-cases. Assume you are in the Activity Sequencing phase of the project. Which of the following sequencing methods should you use to identify the logical relationships between tasks, so that the activities can be sequenced correctly
- A.
ADM
- B.
PDM
- C.
GERT
- D.
AOA
Correct Answer
C. GERTExplanation
In the given scenario, where the software development process is following the extreme programming (XP) methodology, the project manager needs to identify the logical relationships between tasks during the Activity Sequencing phase. GERT (Graphical Evaluation and Review Technique) is the most suitable sequencing method for this purpose. GERT allows for the representation of complex dependencies and relationships between tasks using a network diagram. This method is particularly useful in iterative and dynamic development processes like XP, where tasks may have multiple dependencies and can be executed in parallel. Therefore, GERT is the correct sequencing method to ensure the correct order of activities in this scenario.Rate this question:
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- 19.
All of the statements regarding control accounts and planning packages are true EXCEPT:
- A.
Control accounts and planning packages are tools / techniques of Schedule Development process
- B.
A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work.
- C.
Planning packages reflect a future segment of work within a control account that has not yet been decomposed into detailed work packages
- D.
As work becomes more clearly defined, planning packages are converted into work packages.
Correct Answer
A. Control accounts and planning packages are tools / techniques of Schedule Development processExplanation
Control accounts and planning packages are tools / techniques of the Cost Management process, not the Schedule Development process. The Schedule Development process focuses on creating and maintaining the project schedule, while the Cost Management process focuses on estimating, budgeting, and controlling project costs. Control accounts and planning packages are used in the Cost Management process to monitor cost and schedule performance, but they are not directly related to the Schedule Development process.Rate this question:
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- 20.
Reverse analysis is a tool/ technique in all of the following processes EXCEPT:
- A.
Risk monitoring and control
- B.
Activity resource estimation
- C.
Cost estimation
- D.
Cost budgeting
Correct Answer
B. Activity resource estimationExplanation
Reverse analysis is a tool/technique used in processes such as risk monitoring and control, cost estimation, and cost budgeting. It involves working backward from a desired outcome to determine the necessary resources or steps needed to achieve that outcome. However, it is not used in activity resource estimation, which is the process of identifying and documenting the types and quantities of resources required for each activity in a project.Rate this question:
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- 21.
Your project sponsor has asked you to produce a Risk Management Plan for your current project. Which of the following best describes how you should tailor the plan to your project?
- A.
The plan must include the predefined risk management policies as they relate to the organization
- B.
The plan must ensure that the level of details and risk management efforts are commensurate with the level of risk and importance of the project
- C.
The plan must be predefined templates as defined by the organization
- D.
The plan must include the predefined roles and responsibilities as they relate to risk management.
Correct Answer
B. The plan must ensure that the level of details and risk management efforts are commensurate with the level of risk and importance of the projectExplanation
The correct answer is "The plan must ensure that the level of details and risk management efforts are commensurate with the level of risk and importance of the project." This means that the Risk Management Plan should be tailored to the specific project, taking into account the level of risk and importance. It emphasizes the need to match the level of detail and effort in managing risks with the specific characteristics and requirements of the project. This approach ensures that the plan is effective and efficient in addressing the project's unique risks.Rate this question:
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- 22.
You are the project manager at a manufacturer of electronic components. Your company had been a long time market leader in electronic components distribution industry. However, in recent years, the Internet has transformed the competitive landscape. As a result company’s market share has been eroding. Hence, your current project involves implementing the company’s internet strategies to best exploit these altered dynamics and increase the company’s market share. You commit to completing the project deliverables by this date. Which of the following BEST describes why this is the INCORRECT way to estimate the schedule?
- A.
A network diagram should have been used to produce the estimates.
- B.
The estimates should have been created by management.
- C.
The estimates should have accounted for the market dynamics and timing requirements.
- D.
The project sponsor should have been actively involved in producing the estimates
Correct Answer
A. A network diagram should have been used to produce the estimates.Explanation
The given answer is correct because using a network diagram is the correct way to estimate the schedule in project management. A network diagram helps to identify the dependencies between different tasks and activities, allowing for a more accurate estimation of the project timeline. By not using a network diagram, the project manager may not have considered the interdependencies and may have underestimated or overestimated the time required for each task. This could lead to delays or inefficiencies in the project execution. Therefore, using a network diagram is essential for producing accurate estimates and ensuring the project is completed on time.Rate this question:
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- 23.
Reverse analysis is a tool/ technique in ll of the following processes EXCEPT:
- A.
Risk monitoring and control
- B.
Activity resource estimation
- C.
Cost estimation
- D.
Cost budgeting
- E.
Activity duration estimation
Correct Answer
B. Activity resource estimationExplanation
Reverse analysis is not a tool or technique used in Activity resource estimation. Reverse analysis is a technique used in risk monitoring and control, cost estimation, cost budgeting, and activity duration estimation. It involves working backwards from the desired outcome to determine the necessary steps and resources needed to achieve that outcome. However, in activity resource estimation, the focus is on determining the types and quantities of resources required for each activity in the project. Therefore, reverse analysis is not applicable in this process.Rate this question:
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- 24.
Monte Carlo analysis is a form of what type of analysis?
- A.
Critical path method
- B.
Schedule compression
- C.
What-if scenario analysis
- D.
Resource-leveling
- E.
Critical chain method
Correct Answer
C. What-if scenario analysisExplanation
Monte Carlo analysis is a form of what-if scenario analysis. This type of analysis involves simulating different scenarios by using random variables to model uncertain inputs in order to understand the potential outcomes and risks associated with a particular decision or project.Rate this question:
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- 25.
You have been hired as a project manager for a small local bank. The bank wants you to design and develop custom online bill pay software so that its customers can pay their bills online. You are ready to begin the Activity Resource Estimation process for your project. Which of the following would you NOT consider when developing the activity resource requirements document?
- A.
Resource availability
- B.
Project management plan
- C.
Resource breakdown structure
- D.
Activity list
- E.
Activity attributes
Correct Answer
C. Resource breakdown structureExplanation
The activity resource requirements document is a document that outlines the resources needed for each activity in a project. It includes information such as the types and quantities of resources required, as well as any constraints or limitations on resource availability. When developing this document, the project manager would consider factors such as resource availability, the project management plan, the activity list, and the activity attributes. However, the resource breakdown structure is not directly related to the estimation of resource requirements for activities, so it would not be considered when developing the activity resource requirements document.Rate this question:
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- 26.
A project schedule can be presented in various formats. All of the following are valid formats of the project schedule EXCEPT:
- A.
Activity-on-node diagram
- B.
Logic bar chart
- C.
Time-scaled schedule network diagra
- D.
Milestone charts
- E.
Flow charts
Correct Answer
E. Flow chartsExplanation
A project schedule can be presented in various formats such as activity-on-node diagram, logic bar chart, time-scaled schedule network diagram, and milestone charts. However, flow charts are not a valid format for presenting a project schedule. Flow charts are typically used to represent processes or workflows, but they do not provide a comprehensive representation of the project schedule including activities, dependencies, and timelines. Therefore, flow charts are not a valid format for presenting a project schedule.Rate this question:
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- 27.
All of the following statements are true regarding the Activity Sequencing / Activity Duration Estimation process EXCEPT:
- A.
Activity duration estimates should specify a single, specific duration, and NOT a range of durations
- B.
Analogous estimation is a form of expert judgment that is used as a tool / technique in activity duration estimatio
- C.
Precedence diagramming methods are tools/ techniques of activity sequencing process
- D.
Activity duration estimates are an output of activity duration estimates.
Correct Answer
A. Activity duration estimates should specify a single, specific duration, and NOT a range of durationsExplanation
The given answer is correct because it states that activity duration estimates should specify a single, specific duration, and NOT a range of durations. This means that when estimating the duration of an activity, it is important to provide a specific time estimate rather than a range of possible durations. This allows for better planning and scheduling of activities within a project.Rate this question:
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- 28.
Your project team has already created the WBS, developed estimates for the work packages, and sequenced the project activities using the arrow diagramming method. In addition, your team has applied resource leveling and schedule compression techniques on the project schedule. Which actions should be performed NEXT:
- A.
Obtain approval of schedule
- B.
Decompose the work packages into smaller components called schedule activities
- C.
Develop activity resource requirements
- D.
Initiate schedule change control
- E.
Obtain acceptance of completed project scope
Correct Answer
A. Obtain approval of scheduleExplanation
The next action that should be performed is to obtain approval of the schedule. This is because the project team has already created the WBS, developed estimates, sequenced the activities, applied resource leveling and schedule compression techniques. Once the schedule is approved, it can be considered as the baseline for the project and any changes to the schedule would require schedule change control. Decomposing the work packages into smaller schedule activities, developing activity resource requirements, and obtaining acceptance of completed project scope can be done after the schedule is approved.Rate this question:
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- 29.
You are the project manager responsible for developing a new hybrid engine for a major auto manufacturer. You are in process of developing the project schedule. In order to manage the uncertainty associated with the project schedule, you intend to do the following: (a) use average task duration estimates; (b) schedule backwards from the date a project is needed (to ensure work that needs to be done is done, and it is done only when it is needed; (c) place aggregate buffers in the project plan to protect the entire project and the key tasks; and (d) use buffer management to control the plan. Which of the following BEST describes the technique you are using?
- A.
Critical chain method
- B.
Resource leveling
- C.
Decision tree analysis
- D.
Monte Carlo analysis
- E.
Critical path method
Correct Answer
A. Critical chain methodExplanation
The technique being used in this scenario is the Critical chain method. This method involves using average task duration estimates, scheduling backwards from the project's needed date, placing aggregate buffers in the project plan to protect the entire project and key tasks, and using buffer management to control the plan. The Critical chain method is specifically designed to manage uncertainty and ensure efficient project scheduling.Rate this question:
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- 30.
Which of the following process involves determining project roles, responsibilities, and reporting relationships, and develops the staffing management plan?
- A.
Manage project team
- B.
Human resource planning
- C.
Develop project team
- D.
Acquire project team
Correct Answer
B. Human resource planningExplanation
The correct answer is Human resource planning. Human resource planning involves determining project roles, responsibilities, and reporting relationships, as well as developing the staffing management plan. This process ensures that the project has the right people with the necessary skills and expertise to successfully complete the project. It also involves identifying the project's staffing needs, creating job descriptions, and determining how team members will be acquired and managed throughout the project.Rate this question:
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Dec 14, 2023Quiz Edited by
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Mar 08, 2016Quiz Created by
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