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Senior Design Project MCQ

What is the definition of collaborative negotiation?

Negotiating parties only obtain what they are willing to give up.

Collaborative negotiation is when two parties come together to find a mutually agreeable solution.

Collaborative negotiation entails all negotiating parties obtaining at least some of what they want from negotiations.

All negotiating parties obtain everything they want from negotiations.

Answer

Correct Answer: Collaborative negotiation entails all negotiating parties obtaining at least some of what they want from negotiations.

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What is collaborative negotiation?

Only some negotiating parties obtaining at least some of what they want from negotiations.

All negotiating parties obtaining what they want from negotiations.

All negotiating parties obtaining at least some of what they want from negotiations.

All negotiating parties losing what they want from negotiations.

Answer

Correct Answer: All negotiating parties obtaining at least some of what they want from negotiations.

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What is a code of accounts?

A system used to assign unique identifiers to all work breakdown structure components.

A system used to evaluate employee productivity.

A system used to track inventory.

A system used to track all financial transactions.

Answer

Correct Answer: A system used to assign unique identifiers to all work breakdown structure components.

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What does the closing phase of the project management life cycle include?

The team notifies suppliers of completion and updates stakeholders.

All deliverables are given to the client and the team update stakeholders.

The project is officially completed and handed over to the client.

All aspects of the project are officially completed and closed.

Answer

Correct Answer: All aspects of the project are officially completed and closed.

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Which of the following is not included in the closing phase of the project management life cycle?

All deliverables have been given to the client

The project is officially completed

Notifying suppliers of completion

The team updates stakeholders

Answer

Correct Answer: Notifying suppliers of completion

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What is a Change management plan?

Change management plans are created to ensure all changes are randomly managed.

Change management plans are only for individual projects.

Change management plans are not necessary.

A Change management plan details the change control process.

Answer

Correct Answer: A Change management plan details the change control process.

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What is a change freeze?

The point at which changes to a project are first permissible

The point at which no changes are permitted to a project

The point at which scope changes to a project are no longer permissible.

The point at which all changes to a project must be completed

Answer

Correct Answer: The point at which scope changes to a project are no longer permissible.

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What is a change control system?

The process by which changes to the project are not evaluated before approval, implemented, and documented.

The process by which changes to the project are evaluated before approval, not implemented, and documented.

The process by which changes to the project are evaluated before approval, implemented, and documented.

The process by which changes to the project are evaluated after approval, implemented, and documented.

Answer

Correct Answer: The process by which changes to the project are evaluated before approval, implemented, and documented.

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What is the primary purpose of a change control board?

To evaluate proposed changes and decide when and whether to make them.

To prevent all changes

To make all proposed changes

To make changes without evaluation

Answer

Correct Answer: To evaluate proposed changes and decide when and whether to make them.

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What does CCS do?

Change control board

Decide when and whether to make them

Evaluate proposed changes

Appointed group of stakeholders

Answer

Correct Answer: Change control board

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What does change control ensure?

That changes are introduced in a controlled and effective manner

That changes are introduced quickly

That no changes are made

That all changes are approved

Answer

Correct Answer: That changes are introduced in a controlled and effective manner

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Change control is the process of identifying, evaluating, approving, and implementing changes to what?

A company

An individual

A project

A group

Answer

Correct Answer: A project

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What is the main responsibility of a project champion?

To liaise with stakeholders

To support the project manager

To work hard on behalf of the project

To make project success a personal responsibility

Answer

Correct Answer: To make project success a personal responsibility

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What is the project champion responsible for?

Making project success a personal responsibility

Being a formal role

Pushing the project team to work hard and supporting the project manager

Making the project manager work harder

Answer

Correct Answer: Pushing the project team to work hard and supporting the project manager

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Who offers the Certified Associate in Project Management Certification?

Project Management Institute

Council of Supply Chain Management Professionals

American Management Association

Institute for Supply Management

Answer

Correct Answer: Project Management Institute

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What is the purpose of a case study?

To publish reports in academic or professional publications

To investigate important, singular, or locally representative cases that contribute to the advancement of knowledge

To provide an overview of a company, situation, or event

To formalize research into an area

Answer

Correct Answer: To investigate important, singular, or locally representative cases that contribute to the advancement of knowledge

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Case studies are used to _____.

Generate new knowledge

Formally research an area of a company

Investigate important, singular, or locally representative cases

Write formal reports

Answer

Correct Answer: Investigate important, singular, or locally representative cases

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What does CAPEX represent?

Money a company spends to acquire new fixed physical assets or upgrade old ones.

Money a company spends on research and development

Money a company spends on advertising

Money a company spends on salaries

Answer

Correct Answer: Money a company spends to acquire new fixed physical assets or upgrade old ones.

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What does CAPEX stand for?

Profit and Expense Exchange

Cash Flow Analysis

Physical Asset Purchases

Capital Expenditure

Answer

Correct Answer: Capital Expenditure

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What is the Capability maturity model used for?

To assess the maturity of software development processes

To assess the maturity of business process capabilities

To assess the maturity of organizational structures

To assess the maturity of businesses

Answer

Correct Answer: To assess the maturity of business process capabilities

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What industry is the Capability Maturity Model now used in?

Telecommunications

Banking

Automotive

Software Development

Answer

Correct Answer: Software Development

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What is the smallest unit of time by which project activity durations are measured?

Hour

Day

Calendar unit

Minute

Answer

Correct Answer: Calendar unit

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What does business value represent?

The sum of all effects a project has on the business

The sum of tangible and intangible effects a project has on the business

The sum of negative effects a project has on the business

The sum of positive effects a project has on the business

Answer

Correct Answer: The sum of positive effects a project has on the business

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What is the business value of a project?

The sum of negative effects — tangible and intangible — it has on the business.

The amount of money a business can expect to make from a project.

The sum of positive effects — tangible and intangible — it has on the business.

The difference between the total cost of a project and the revenue it generates.

Answer

Correct Answer: The sum of positive effects — tangible and intangible — it has on the business.

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What are business requirements?

The conditions a product must satisfy to effectively serve its purpose within a business.

The amount of money a business must spend on advertising

The price a business must charge for its products

The number of products a business must sell to be profitable

Answer

Correct Answer: The conditions a product must satisfy to effectively serve its purpose within a business.

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What is business process modeling?

Creating process flowcharts

The study of how businesses operate and how they are structured

The representation, analysis, and evaluation of business processes in an effort to improve them.

A way to improve communication within a company

Answer

Correct Answer: The representation, analysis, and evaluation of business processes in an effort to improve them.

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What are the three categories of business processes?

Management processes, operational processes, and supporting processes.

Input processes, output processes, and feedback processes.

Planning processes, execution processes, and supporting processes.

Marketing processes, financial processes, and human resources processes.

Answer

Correct Answer: Management processes, operational processes, and supporting processes.

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What creates a specific result for customers in a business process?

Operational processes

System of activities

Management processes

Supporting processes

Answer

Correct Answer: System of activities

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What is a business case?

A document outlining the goals of a business

A documentation of the potential outcomes of a new project, including benefits, cost, and effects.

A plan for how a business will operate

A strategy for solving a business problem

Answer

Correct Answer: A documentation of the potential outcomes of a new project, including benefits, cost, and effects.

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What does business analysis focus on?

Crafting marketing strategies

Creating and implementing solutions to business needs

Overseeing daily operations

Generating new ideas for businesses

Answer

Correct Answer: Creating and implementing solutions to business needs

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What is business analysis?

The practice of identifying and solving business problems.

The study of business

The art of running a business

The science of making money

Answer

Correct Answer: The practice of identifying and solving business problems.

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What is the meaning of "Burst point"?

A point in a network diagram at which only one successor activity can start after the predecessor activity finishes.

A point in a network diagram at which multiple successor activities originate from different predecessor activities.

A point in a network diagram at which multiple successor activities originate from a common predecessor activity.

A point in a network diagram at which a successor activity can start before the predecessor activity finishes.

Answer

Correct Answer: A point in a network diagram at which multiple successor activities originate from a common predecessor activity.

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What is the BCWS?

The portion of the budget allocated to work not scheduled to be performed in a period of time.

The portion of the budget allocated to work scheduled to be performed in multiple periods of time.

The portion of the budget allocated to work already performed in a period of time.

The portion of the budget allocated to work scheduled to be performed in a period of time.

Answer

Correct Answer: The portion of the budget allocated to work scheduled to be performed in a period of time.

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What is the budgeted cost of work performed?

The portion of the budget not allocated to scheduled work actually performed in a period of time.

The portion of the budget allocated to scheduled work not performed in a period of time.

The portion of the budget allocated to scheduled work actually performed in a period of time.

The portion of the budget allocated to unscheduled work actually performed in a period of time.

Answer

Correct Answer: The portion of the budget allocated to scheduled work actually performed in a period of time.

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What does the term "budget" refer to?

The project manager.

A financial plan.

The sum of money allocated for a project.

A comprehensive list of revenues and expenses.

Answer

Correct Answer: The sum of money allocated for a project.

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What does Brief refer to in a project?

It refers to the document produced during a project’s implementation phase.

It is not a document used in projects.

It refers to the document produced during a project’s evaluation phase.

It refers to the document produced during a project’s concept phase.

Answer

Correct Answer: It refers to the document produced during a project’s concept phase.

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Which of the following estimation technique is considered to be the most accurate?

Bottom-up estimating

Analogous estimating

Top-down estimating

Parametric estimating

Answer

Correct Answer: Bottom-up estimating

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What is the other name for Bottom-up estimating?

3-Point Estimating

Parametric Estimating

Analytical estimating

Analogous estimating

Answer

Correct Answer: Analytical estimating

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What does BOSCARD stand for?

Background, Outputs, Scope, Constraints, Assumptions, Risks, and Deliverables

Background, Objectives, Scope, Constraints, Assumptions, Rewards, and Deliverables

Background, Objectives, Scope, Constraints, Assumptions, Risks, and Deliverables

Budget, Objectives, Scope, Constraints, Assumptions, Risks, and Deliverables

Answer

Correct Answer: Background, Objectives, Scope, Constraints, Assumptions, Risks, and Deliverables

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What is a blueprint?

A sketch or outline of something to be executed

A document that explains what a program means to accomplish and describes a program’s contribution to organizational objectives.

A set of step-by-step instructions to be followed in order to complete a task

A plan or strategy

Answer

Correct Answer: A document that explains what a program means to accomplish and describes a program’s contribution to organizational objectives.

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What is the purpose of a blueprint?

To explain what a program means to accomplish and describe a program’s contribution to organizational objectives.

To test a program

To develop a program

To design a program

Answer

Correct Answer: To explain what a program means to accomplish and describe a program’s contribution to organizational objectives.

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What is the term for ensuring that project results give customers and stakeholders the benefits they expect?

Risk management

Benefits realization

Cost management

Benefits management

Answer

Correct Answer: Benefits realization

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What is the main focus of benefits realization?

Improved performance

Ensuring that project results give customers and stakeholders the benefits they expect.

Project management

Cost savings

Answer

Correct Answer: Ensuring that project results give customers and stakeholders the benefits they expect.

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What does the term "baseline" represent?

The maximum cost for the project

The minimum cost for the project

The original budget for the project

The costs and schedules approved at the start of the project

Answer

Correct Answer: The costs and schedules approved at the start of the project

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When is a bar chart used?

To track project progress

To diagram project activities' start and end dates

To show relationships between data

To compare data

Answer

Correct Answer: To diagram project activities' start and end dates

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What is a balanced scorecard?

A framework for implementing business strategy

A tool for monitoring organizational performance

A tool used to assess whether an organization’s activities are correlated with its general vision and objectives.

A strategy tool

Answer

Correct Answer: A tool used to assess whether an organization’s activities are correlated with its general vision and objectives.

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What is portfolio balancing?

An aspect of project management that deals with organizing and controlling a portfolio.

Balancing a portfolio's components based on risk, costs, and use of resources.

The process of allocating resources to achieve a desired goal.

A phase in the portfolio life cycle that involves managing a portfolio's components.

Answer

Correct Answer: Balancing a portfolio's components based on risk, costs, and use of resources.

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What is the backward pass?

This calculates early-start and finish dates for project activities by working backwards from the project end date.

This calculates early-start and finish dates for project activities by working forwards from the project end date.

This calculates late-start and finish dates for project activities by working forwards from the project end date.

This calculates late-start and finish dates for project activities by working backwards from the project end date.

Answer

Correct Answer: This calculates late-start and finish dates for project activities by working backwards from the project end date.

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What is authorized work?

Work that is done without approval

Work that is not authorized

Work that management or others in authority approve.

Work that is not completed

Answer

Correct Answer: Work that management or others in authority approve.

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What is authorization?

The power to make decisions that the government grants.

The power to make decisions that the shareholders grant.

The power to make decisions that the management grants.

The power to make decisions that the board of directors grants.

Answer

Correct Answer: The power to make decisions that the management grants.

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What is an assumption?

A factor that does not affect a project's risks and outcomes.

A factor deemed to be true during the project planning process, though proof of their validity is not available.

Something that only affects a project's risks.

Proof of a project's validity.

Answer

Correct Answer: A factor deemed to be true during the project planning process, though proof of their validity is not available.

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What is the process of assigning people to project work for changing numbers of hours per day as the project moves through different stages?

Project Management

Employee Contouring

Assignment contouring

Human Resources

Answer

Correct Answer: Assignment contouring

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Which of the following is NOT an artifact?

Project management

System design

Requirement

Use case

Answer

Correct Answer: Project management

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What does artifact refer to?

A place where art is made

An object made by a human being, typically an item of cultural or historical interest

The naturalprocess by which something is created

Items that support software development

Answer

Correct Answer: Items that support software development

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What is the arrow diagramming method used for?

To construct precedence diagrams.

To construct activity-on-arrow (AOA) diagrams.

To construct network diagrams.

To construct activity-on-node (AON) diagrams.

Answer

Correct Answer: To construct activity-on-arrow (AOA) diagrams.

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What type of analysis is used to examine the various methods by which a project 's goals may be achieved?

PEST Analysis

Critical Path Analysis

Approach analysis

SWOT Analysis

Answer

Correct Answer: Approach analysis

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What type of activity is apportioned effort?

A type of activity used to measure work performance

An activity used to measure work output

A discrete activity used to measure work output.

One of three types of activities used to measure work performance as part of earned value management.

Answer

Correct Answer: One of three types of activities used to measure work performance as part of earned value management.

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What is the other name for apportioned effort?

Discrete effort

Project work

Types of activities

Activities such as quality assurance

Answer

Correct Answer: Activities such as quality assurance

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What is an application area?

The specific project category of which the project is a part.

The department in which the project is located

The amount of money spent on a project

The people who will use the project

Answer

Correct Answer: The specific project category of which the project is a part.

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Which of the following is true about analytical estimating?

It is the most common estimation technique.

It is the least common estimation technique.

It is the least accurate estimation technique.

It is the most accurate estimation technique.

Answer

Correct Answer: It is the most accurate estimation technique.

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What is the most accurate estimation technique?

Analytical Estimating

Parametric estimating

Bottom-up estimating

Analogous estimating

Answer

Correct Answer: Analytical Estimating

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Which of the following is NOT a reason why Analogous Estimating is the most inaccurate estimation technique?

The data is from a different time period

It uses historical project data to prepare time and cost estimates.

The data is from a different culture

The data used is for a similar project

Answer

Correct Answer: It uses historical project data to prepare time and cost estimates.

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What does alternative analysis involve?

Evaluation of possible courses of action in order to find the most suitable course of action.

The evaluation of possible courses of action in order to find the most suitable course of action.

The evaluation of possible courses of action in order to find the most suitable outcome.

The analysis of possible alternatives in order to find the most suitable course of action.

The evaluation of possible courses of action in order to find the cheapest course of action.

Answer

Correct Answer: The evaluation of possible courses of action in order to find the most suitable course of action.

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What is allocation?

The assigning of resources for scheduled activities in the most efficient way possible.

The process of buying and selling assets

A measure of how much resources are available

The process of allocating resources to different tasks

Answer

Correct Answer: The assigning of resources for scheduled activities in the most efficient way possible.

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What is the Agile Manifesto?

A software development process

A software development company

A set of principles that emphasizes meeting changing requirements through collaborative development and making ongoing improvements through iteration.

A method of software development

Answer

Correct Answer: A set of principles that emphasizes meeting changing requirements through collaborative development and making ongoing improvements through iteration.

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What is the main focus of Agile software development?

Creating high quality software

Meeting deadlines

Keeping costs low

Being reactive to changes in external environments

Answer

Correct Answer: Being reactive to changes in external environments

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What does agile project management focus on?

Use of iterative development methods

Teamwork, collaboration, and stakeholder involvement

Scrum methodology

Waterfall methodology

Answer

Correct Answer: Teamwork, collaboration, and stakeholder involvement

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What is Agile project management?

A project management approach that focuses on the development of software projects.

A project management approach that focuses on the use of iterative development methods.

A project management approach that focuses on teamwork and collaboration.

A project management approach that draws from concepts of agile software development.

Answer

Correct Answer: A project management approach that draws from concepts of agile software development.

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What is the aim of agile development?

To proceed in sprints

To follow a waterfall model

To have a fixed scope

To meet ever-changing customer requirements

Answer

Correct Answer: To meet ever-changing customer requirements

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What is the main characteristic of agile development?

It is incremental

It is adaptive

It is based on user stories

It is fixed

Answer

Correct Answer: It is adaptive

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What is the time frame that aggregate planning uses demand forecasts to manage scheduling and planning for project activities?

Within two weeks of the project

More than 18 months in advance

Between three and 18 months in advance.

Exactly three months in advance.

Answer

Correct Answer: Between three and 18 months in advance.

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What does administrative closure refer to?

The set of formal requirements fulfilled to cancel a project

The set of formal requirements fulfilled to begin a project

The set of formal requirements fulfilled to continue a project

The set of formal requirements fulfilled to end a project

Answer

Correct Answer: The set of formal requirements fulfilled to end a project

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APF rejects which type of project management?

Agile project management

Staged project management

Traditional, linear project management

Hybrid project management

Answer

Correct Answer: Traditional, linear project management

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What does Actual Progress measure?

The number of people working on a project.

The amount of money spent on a project.

The amount of work completed on a project.

The amount of time spent on a project.

Answer

Correct Answer: The amount of work completed on a project.

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What is actual expenditure?

The sum of all costs incurred by a company.

The sum of costs paid from a budget.

The sum of all costs incurred by a government.

The sum of all past and future costs.

Answer

Correct Answer: The sum of costs paid from a budget.

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Actual effort is expressed in what units?

Dollars-hours

Meters

Person-hours

Kilograms

Answer

Correct Answer: Person-hours

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Actual effort is best defined as

The amount of labor performed to complete an activity.

The number of people needed to complete an activity.

The amount of time needed to complete an activity.

The amount of money needed to complete an activity.

Answer

Correct Answer: The amount of labor performed to complete an activity.

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What is the meaning of "actual duration"?

The expected length of time to complete an activity.

The length of time taken to complete an activity.

The length of time taken to complete an activity minus any slack.

The planned length of time to complete an activity.

Answer

Correct Answer: The length of time taken to complete an activity.

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Which of the following does ACWP represent?

The total amount of money budgeted for all work to be performed in a given period of time.

The total labor hours required to complete all work in a given period of time.

The total value of all work scheduled to be performed in a given period of time.

The total cost incurred for work done in a given period of time.

Answer

Correct Answer: The total cost incurred for work done in a given period of time.

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Which of the following is not a valid Management Accounting term?

VAC

BAC

ACWP

APC

Answer

Correct Answer: ACWP

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What do nodes in an AON network diagram represent?

Activities

Events

Conditions

Tasks

Answer

Correct Answer: Activities

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Which of the following is NOT a relationship type illustrated by AON diagrams?

Finish-to-start

Start-to-start

Start-to-finish

Finish-to-middle

Answer

Correct Answer: Finish-to-middle

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What type of relationship can be indicated by an AOA diagram?

Finish-to-start

Finish-to-finish

Start-to-finish

Start-to-start

Answer

Correct Answer: Finish-to-start

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What is represented by arrows in AOA diagrams?

Milestones

Start-to-finish relationships

Events

Activities

Answer

Correct Answer: Activities

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What is an activity list?

A document that lists all the projects necessary to complete an activity

A document that lists all the activities necessary to complete a task

A document that lists all the activities necessary to complete a project

A document that lists all the activities necessary to complete a plan

Answer

Correct Answer: A document that lists all the activities necessary to complete a project

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What is an activity label?

A short descriptor for an activity.

A step in an activity-on-arrow diagram.

A type of arrow used in activity-on-arrow diagrams.

A way to represent an activity in an activity-on-arrow diagram.

Answer

Correct Answer: A short descriptor for an activity.

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What is an activity code?

A numeric value assigned to each activity

The amount of time an activity takes

An alphanumeric value by which activities can be grouped and filtered.

A description of an activity

Answer

Correct Answer: An alphanumeric value by which activities can be grouped and filtered.

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What is the smallest unit of work necessary to complete a project work package?

Work Package

Project

Activity

Deliverable

Answer

Correct Answer: Activity

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What is the purpose of tracking an action item's status?

To update the status of the action item

To track the progress of the project

To plan the work package

To track the progress of the action item from creation to closure

Answer

Correct Answer: To track the progress of the action item from creation to closure

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What is the purpose of an action item status?

To track an action item's progress from creation to closure

To update project statuses

To created work packages

To provide multiple action items

Answer

Correct Answer: To track an action item's progress from creation to closure

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What is an action item?

An event that must be attended

An activity or task that must be completed.

A goal that must be met

A project that must be completed

Answer

Correct Answer: An activity or task that must be completed.

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What does the acquisition process obtain?

Project work

Team members

Personnel and resources necessary for project work

Financial resources

Answer

Correct Answer: Personnel and resources necessary for project work

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What does "end user" refer to in the context of the definition of "acceptance test"?

The people who market the product

The people who sell the product

The people who develop the product

A team of people who use the product to identify potential problems

Answer

Correct Answer: A team of people who use the product to identify potential problems

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What are acceptance criteria?

A set of standards used to assess whether project deliverables meet the necessary requirements.

The process of approving project deliverables.

The specific requirements expected of project deliverables.

A set of guidelines that define what is considered to be an acceptable level of quality for deliverables.

Answer

Correct Answer: The specific requirements expected of project deliverables.

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What is the definition of "accept"?

A decision to take no action against a threat.

A decision to take action.

A decision to take action against a threat.

A decision to take no action.

Answer

Correct Answer: A decision to take no action against a threat.

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What is statistical signal processing?

The study of the theory and application of statistics to the processing of signals

A method of signal processing that makes use of statistical theory

The study of statistics and its applications in the field of signal processing

An approach which treats signals as stochastic processes, utilizing their statistical properties to perform signal processing tasks

Answer

Correct Answer: An approach which treats signals as stochastic processes, utilizing their statistical properties to perform signal processing tasks

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