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2. Negative variance occurs when actual project performance is _____ than planned project performance.
Answer
Correct Answer:
Worse
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3. Negative variance in time indicates that the project is ____________ than planned.
Answer
Correct Answer:
Taking longer
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4. What is the definition of a near-critical path?
Answer
Correct Answer:
A series of activities with only small amounts of total float
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5. What is the meaning of "near-critical path"?
Answer
Correct Answer:
A series of activities with only small amounts of total float.
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6. What is a near-critical activity?
Answer
Correct Answer:
A near-critical activity has only a small amount of total float, or slack time.
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7. What is the definition of a near-critical activity?
Answer
Correct Answer:
An activity with only a small amount of total float
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8. What is the definition of motivation?
Answer
Correct Answer:
A reason or stimulus that makes a person behave in a certain manner.
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9. What does motivation refer to in management?
Answer
Correct Answer:
The desire to pursue personal or organizational goals.
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10. What is the most likely duration?
Answer
Correct Answer:
An estimate of the most probable length of time needed to complete an activity.
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11. What is the most probable length of time needed to complete an activity?
Answer
Correct Answer:
Most Likely Duration
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12. What is Monte Carlo simulation?
Answer
Correct Answer:
A computer-based technique that performs probabilistic forecasting of possible outcomes to facilitate decision making.
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13. What does Monte Carlo simulation/technique do?
Answer
Correct Answer:
It is a computer-based technique that performs probabilistic forecasting of possible outcomes to facilitate decision making.
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14. What is the main difference between traditional management and modern project management?
Answer
Correct Answer:
Modern project management stresses collective, interdisciplinary knowledge and team consensus over individual leadership.
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15. What is the purpose of a mission statement?
Answer
Correct Answer:
To provide direction and guidance
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16. What is a mission statement?
Answer
Correct Answer:
A concise enunciation of the goals of an activity or organization.
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17. What does a milestone schedule detail?
Answer
Correct Answer:
The time relationships associated with project milestones.
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18. What is the purpose of milestones in project management?
Answer
Correct Answer:
To mark progress needed to complete projects successfully
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19. What is the purpose of milestones?
Answer
Correct Answer:
To mark progress needed to complete projects successfully.
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20. What is a merge point?
Answer
Correct Answer:
A point in a network diagram at which multiple predecessor activities culminate in a single successor activity.
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21. What is a megaproject?
Answer
Correct Answer:
A complex, large-scale, and high-investment project.
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22. What is the minimum investment required for a project to be termed as a megaproject?
Answer
Correct Answer:
High-investment
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23. What is Maturity?
Answer
Correct Answer:
The extent to which an organization's methods, processes, and decisions are standardized and optimized.
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24. What is the purpose of a maturity model?
Answer
Correct Answer:
To assess an organization's maturity level according to management best practices
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25. What is a matrix organization?
Answer
Correct Answer:
An organization where employees report to more than one boss
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26. What can a matrix organization structure do for employees?
Answer
Correct Answer:
Boost employee engagement and cross-field approaches to problem solving
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27. What is a master project file comprised of?
Answer
Correct Answer:
Subprojects
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28. What is a master project file?
Answer
Correct Answer:
A master project file comprises a number of smaller projects, called subprojects, arranged hierarchically.
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29. What is the goal of management science?
Answer
Correct Answer:
To improve organizational decision making through the use of quantitative and scientific research methods
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30. Management processes are carried out at _____ levels within organizations.
Answer
Correct Answer:
Multiple
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31. What does the word "management" mean?
Answer
Correct Answer:
The act of overseeing planning, personnel, and resources to achieve a goal.
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32. What is a logic network?
Answer
Correct Answer:
A chronologically arranged diagram that shows relationships between project activities.
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33. What is the main focus of Linear Scheduling Method?
Answer
Correct Answer:
Maximizing resource use
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34. What is the linear sequential model?
Answer
Correct Answer:
A linear sequential model moves through a project life cycle's phases systematically and sequentially
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35. What is a line of balance?
Answer
Correct Answer:
A graphical technique used to illustrate relationships between repetitive tasks in projects such as building identical housing units.
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36. A life cycle is divided into _____ phases.
Answer
Correct Answer:
A number of
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37. What are life cycles divided into?
Answer
Correct Answer:
A number of phases
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38. What is the other name for "level of effort"?
Answer
Correct Answer:
Support work
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39. What is an example of a level of effort?
Answer
Correct Answer:
Maintenance
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40. What is the sum of knowledge gained from project work called?
Answer
Correct Answer:
Lessons Learned
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41. What is the goal of Lean six Sigma?
Answer
Correct Answer:
Eliminate waste and defects
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42. What is the goal of Lean Manufacturing?
Answer
Correct Answer:
Doing more with less
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43. What is the Lead/ Lead time?
Answer
Correct Answer:
The amount of time an activity can be brought forward with respect to the activity it is dependent upon.
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44. What is lateral thinking?
Answer
Correct Answer:
Lateral thinking involves using a roundabout method to inspire new ideas or solutions.
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45. What is the purpose of a late start date?
Answer
Correct Answer:
To avoid delaying the rest of the project.
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46. What is the late start date?
Answer
Correct Answer:
The latest possible date a scheduled activity can be started without delaying the rest of the project.
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47. What does Late Finish Date represent?
Answer
Correct Answer:
The latest possible date a scheduled activity can be completed without delaying the rest of the project.
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48. What is the definition of "Lag time"?
Answer
Correct Answer:
A necessary break or delay between activities
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49. What is a key performance indicator?
Answer
Correct Answer:
A metric for measuring project success.
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50. What is the first meeting between a project team and stakeholders called?
Answer
Correct Answer:
Kickoff meeting
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51. What is the main purpose of a kickoff meeting?
Answer
Correct Answer:
To review project expectations and to build enthusiasm for a project.
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52. What does the word 'Kanban' mean in Japanese?
Answer
Correct Answer:
Visual Signal
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53. What is iterative and incremental development?
Answer
Correct Answer:
Iterative and incremental development is any combination of the iterative and incremental development approaches.
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54. What does iterative development focus on?
Answer
Correct Answer:
Developing products in a series of repeated fixed-time iterations
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55. Which of the following is not a characteristic of Iterative development?
Answer
Correct Answer:
Working towards a single deliverable
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56. What does iteration refer to in software development?
Answer
Correct Answer:
A fixed time cycle for development work, typically a few weeks long.
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57. What is an issue log?
Answer
Correct Answer:
A project management tool used to track issues and resolutions
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58. What does the term 'Issue' refer to in a project?
Answer
Correct Answer:
Major problems that cannot be tackled by the project team on their own.
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59. What is ISO 10006?
Answer
Correct Answer:
A set of quality management guidelines for projects.
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60. What is an Ishikawa diagram used for?
Answer
Correct Answer:
To identify the possible causes of an effect
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61. What is an invitation for bid?
Answer
Correct Answer:
A procuring organization's invitation for expressions of interest.
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62. What is an integrated master schedule?
Answer
Correct Answer:
A list of all project tasks represented as a networked schedule.
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63. What is an Integrated Master Plan?
Answer
Correct Answer:
A project management tool used to break down project work in large, complex projects.
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64. What does integrated change control refer to?
Answer
Correct Answer:
The coordination of changes throughout all aspects of a project, including scope, budget, and schedule.
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65. What is integrated assurance?
Answer
Correct Answer:
The process of coordinating assurance activities across a number of assurance providers.
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66. What is the process of coordinating assurance activities across a number of assurance providers called?
Answer
Correct Answer:
Integrated assurance
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67. What is the process of reviewing and examining the final product to assess compliance to initial requirements and expectations called?
Answer
Correct Answer:
Inspection
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68. What are inputs?
Answer
Correct Answer:
The information required to start the project management process.
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69. What does the initiation phase involve?
Answer
Correct Answer:
Receiving proper authorization and creating a clear definition for the project.
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70. What is the purpose of information distribution?
Answer
Correct Answer:
To provide stakeholders with timely information and updates regarding a project.
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71. What is the meaning of "Hypercritical activities"?
Answer
Correct Answer:
Critical path activities with negative slack time
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72. What is the purpose of high-level requirements?
Answer
Correct Answer:
To explain the major requirements and characteristics of the final product
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73. What is HERMES?
Answer
Correct Answer:
A project management method created by the Swiss government
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74. What is hanger?
Answer
Correct Answer:
An unplanned break in a network path, usually caused by oversights regarding activities or dependent relationships between activities.
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75. What is the handover?
Answer
Correct Answer:
The point at which deliverables are given to users.
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76. What is a hammock activity in a schedule network diagram?
Answer
Correct Answer:
A summary activity that represents a number of grouped - but unrelated -smaller activities that occur between two dates
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77. What is GERT?
Answer
Correct Answer:
Graphical evaluation and review technique
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78. What does Governance refer to in regards to project management?
Answer
Correct Answer:
The structure by which roles and relationships between project team members and an organization’s high-level decision makers are defined.
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79. What is Gold Plating?
Answer
Correct Answer:
The practice of incorporating features and improvements that go beyond a product’s agreed-upon characteristics.
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80. What is the practice of incorporating features and improvements that go beyond a product’s agreed-upon characteristics called?
Answer
Correct Answer:
Gold plating
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81. What is the process of creating specific, measurable, and attainable goals called?
Answer
Correct Answer:
Goal setting
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82. What does SMART stand for in relation to goal setting?