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1) The cost to prepare bottom-up estimates will typically run how much more than the costs to prepare the top-down estimates? A. About the sameB. About twice as muchC. About three times as muchD. About four times as muchE. About five times as much2) Resource shortages, in the form of people, equipment, or materials, is a good example of A. Hidden interaction costsB. Things going wrong on a projectC. Normal conditions not applyingD. Changes in project scopeE. None of these are correct3) The accuracy of top-down estimates will typically be in the range of A. Minus 50% to plus 50%B. Minus 0% to plus 75%C. Minus 20% to plus 60%D. Minus 35% to plus 35%E. Minus 10% to plus 30%4) Design flaws being revealed after the fact, extreme weather conditions, and accidents occurring are examples of: A. Hidden interaction costsB. Things going wrong on a projectC. Normal conditions not applyingD. Changes in project scopeE. None of these are correct5) In practice, estimating processes are frequently classified as A. Top down/bottom upB. Rough/polishedC. Precise/order of magnitudeD. Draft/finalE. Both A and B are correct6) Which of the following is a good condition for top-down estimating? A. Cost and time importantB. Fixed price contractC. Customer wants detailsD. Internal, small projectE. All of these are good conditions for top-down estimating7) 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? A. Padding estimatesB. Planning horizonC. Project structureD. PeopleE. Organization culture8) A/an _________ activity has more than one dependency arrow flowing from it. A. ParallelB. Critical pathC. BurstD. MergeE. Independent9) ________ activities are to be completed immediately following a particular activity. A. MergeB. BurstC. PredecessorD. SuccessorE. Critical10) When translated into a project network, a work package will become A. A single activityB. One or more activitiesC. A milestoneD. A critical pathE. An arrow11) Activities which can take place at the same time are termed A. Parallel activityB. Critical pathC. Burst activityD. Merge activityE. Independent activity12) The minimum amount of time a dependent activity must be delayed to begin or end is referred to as: A. HammockB. LadderingC. LagD. CushionE. Buffer13) The minimum amount of time a dependent activity must be delayed to begin or end is referred to as: A. HammockB. LadderingC. LagD. CushionE. Buffer14) Which of the following is not one of the steps in the risk management process? A. Risk response developmentB. Risk assessmentC. Risk identificationD. Risk trackingE. Risk response control15) One of the keys to success in risk identification is A. Critical thinkingB. OptimismC. PessimismD. A “can do” attitudeE. All of these are correct16) The 1999 NASA Mars Climate Orbiter is an example of A. Disaster avoidance through proactive risk managementB. Murphy’s LawC. Proper use of critical thinkingD. Mismanaged risk controlE. Using historical records to assess risk17) A list of questions that address traditional areas of uncertainty on a project is termed a risk A. Risk profileB. QuestionnaireC. ResearchD. QueryE. Checklist18) One common mistake made early in the risk identification process is to A. Not all possibilities are consideredB. Participants are over-optimisticC. Participants are over-pessimisticD. Focus on objectives and not on the events that could produce consequences. E. Too much attention is given to past events19) In the beginning the focus of risk management should be on risks that A. Impact the whole projectB. Impact the critical pathC. Are knownD. Have the greatest cost impactE. Have the greatest schedule impact20) More common problems associated with managing multiproject resources include all of the following except A. Inefficient resource utilizationB. Delays in one project cause delays in other projectsC. Reducing “downtime” created by lack of tasks to performD. Resource bottlenecksE. All of these are common problems21) Which of the following is not one of the types of project constraints? A. PhysicalB. TechnicalC. ResourceD. TimeE. All of these are types of project constraints22) In a resource-constrained project, the first priority in assigning resources is usually given to activities with the A. Smallest durationB. Least slackC. Most slackD. Lowest identification numberE. Highest cost23) . If resources are not adequate to meet peak demands, the resulting reschedule is termed A. Resource-constrained schedulingB. Time-constrained schedulingC. Mandatory levelingD. Project resource adjustmentE. Allocation24) Susan is to conduct environmental testing but the chamber cannot hold all the equipment that she wants to test. This is an example of a _________ constraint. A. PhysicalB. TechnicalC. ResourceD. SchedulingE. Time25) . In a resource-constrained project the third priority in assigning resources is usually given to activities with the A. Smallest durationB. Least slackC. Most slackD. Lowest identification numberE. Highest cost

 

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