FAM 104 Test 1 Questions with All Correct Answers
Define Project Management - Answer- a discipline, a set method, theories and techniques that have evolved to manage the complexities of work that is unique & temporary
5 project success factors - Answer- 1) Agreement of a product team, custom...
Define Project Management - Answer- a discipline, a set method, theories and
techniques that have evolved to manage the complexities of work that is unique &
temporary
5 project success factors - Answer- 1) Agreement of a product team, customer and
management of the goals
2) A plan showing overall path and a clear responsibility which can be used to measure
progress
3) Constant, effective communication among everyone involved
4) Controlled Scope
5) management Support
Project vs On-going operation - Answer- Project - work that is done on time, has a
beginning and end. Produces unique product
On-going Operations - no end point specified. Producing similar often identical products
Identify 3 overarching skill areas in which a project manager must be knowledgable -
Answer- 1) Project Management
2) Business Management
3) Technical Skills
Define Project Success - Answer- Cost, Schedule and Performance
Office Functional Disciplines - Answer- System EN, CO, PM, FM, LG, Test
Define Work Breakdown Structure - Answer- A tool used to break a project down into
manageable pieces of work. Deliverable oriented
Steps:
1) what are your major deliverables
2) identify all tasks required
3) Organize the WBS
, Explain how a WBS clarifies and provides necessary details for project management
activities - Answer- Helps to:
- provide a detailed illustration of project scope
- Monitor progress
- Helps provide accurate cost and schedule (not a schedule, helps build one)
- Build your project team
- serves as the foundation for your project plan
Summary Task vs Work Package - Answer- Summary Tasks has branches underneath.
(no work)
Work Packages have work associated with them
Explain the considerations in determining how far to extend a WBS branch - Answer-
3rd or 4th level (don't do contractors work)
8/80 rule
Importance of Critical Path and Slack/Float - Answer- Critical Path - Events that directly
affect the schedule. (have zero slack)
Slack - can slip without affecting the schedule.
Identify the planning steps involved with developing a project schedule - Answer- 1)
Build a WBS - identify activities and develop the precedence relationships associated
2) Identify task relationships - construct a diagram
3) Estimate activity durations
- Parametric - find some parameter that relates to schedule
- Expert opinion
- Analogy - find a similar system and relate
4) Calculate initial schedule via CPM
5) Assign and Level Resources
Critical Path Method - Answer-
Program Evaluation and Review Technique (PERT) vs Monte Carlo - Answer- PERT -
Only looks at Critical Path, uses statistics and a normal distribution, More Optimistic
Monte Carlo - Considers all paths through a network, Computer generates random
number for durations, More robust
Identify Ways for balancing a project at the project level - Answer- Triple constraint
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