BUSI 3309 - Project Management
Chapters 7, 8, 9, 11, 12, 13 and 14 629
Questions Answered Correctly and rated
5STAR
Sam, the project engineer, has been scheduled to run the product system test at the
same time he is to build a marketing prototype. This is an example of what type of
resource constraint?
a. Equipment
b. Physical
c. People
d. Time
e. Technical - Correct answerc
what is created when project costs are placed in a time schedule depicting when they
are to occur?
a. project cost baseline
b. project network
c. risk management plan
d. contingency plan - Correct answera
what project management tool/method is suggested to determine the customer's opinion
of a project being time or resource constrained?
a. risk management plant
b. project priority matrix
c. project scope
d. work breakdown structure - Correct answerb
what do resource allocation methods seek to improve for a time constrained project?
a. minimization of resource cost
b. utilization of resources
c. resource scheduling conflicts - Correct answerb
what tool allows project management software to handle a multi project environment by
prioritizing resource allocation to specific projects?
a. risk management plans
b. work breakdown structure numbering systems
,c. project priority number rankings
d. project priority matrix - Correct answerC
Which of the following is NOT a potential consequence of failing to identify limited
resources before project implementation?
Splitting an activity can result in all of the following EXCEPT
A resource being moved from one activity to another and then back.
A better project schedule.
Possible startup and shutdown costs.
More people working on the same activity.
Activity work being placed on hold for a period until more resources are available. -
Correct answerd
Gene is trying to order the concrete needed to continue his project. However, the
supplier will not be able to deliver it until next week. This is an example of what kind of
resource constraint?
Equipment
Materials
People
Information
Working capital - Correct answerb
If resources are not adequate to meet peak demands, the resulting reschedule is
termed
Project budgets are developed by time-phasing which of the following?
Critical activities
The network diagram
Resource schedules
None of these are time-phased to develop a project budget
Work packages - Correct answere
These are all guidelines a project manager should consider when assigning project
work EXCEPT
Have people work together early so that they can become familiar with each other.
Always assign the best people to the most difficult tasks.
Select people with compatible work habits and personalities.
When possible, team veterans up with new hires.
Select individuals with skillsets that complement each other. - Correct answerb
Regina's boss has told her that her project is very important. If the critical path is
delayed, she will be given whatever she needs to get it back on schedule. Her project is
classified as ________ constrained.
Quality
Time
Cost
Performance
Resource - Correct answerb
Resource leveling or smoothing can have all the following results on a project EXCEPT
A longer project duration.
A more sensitive network.
Reduced resource need over the life of the project.
Reduced fluctuations in resource demand.
Lower peak resource demand. - Correct answera
When developing a new software package, logically, the software must be designed
before the code is written, and the code must be written before it is tested. These
activities are dependent on each other by _________ constraints.
Resource
Physical
Time
Schedule
, Technical - Correct answere
Rachel is working on a project that technically allows three activities to be done at the
same time. If they were to be implemented at the same time, she would need 5
contractors in order for the activities to be completed on time. There are only 3 available
for her to use. This is an example of what type of constraint?
Materials
Physical
Technical
People
Equipment - Correct answerd
In a resource-constrained project the second priority in assigning resources is usually
given to activities with the
Highest cost.
Most slack.
Smallest duration.
Lowest identification number.
Least slack. - Correct answerc
A project budget report is showing our project as spending $35,000 against a budgeted
amount of $40,000. Which of the following is true?
We are spending less than we should for the project
We have more money to put into budget reserves
We can't be sure how the project is going
We are doing a good job managing the project
We should check to see if all the bills have been paid - Correct answerc
All of the following are types of resource constraints EXCEPT
Why is it necessary to have a time-phased budget baseline?
It reduces schedule slippage when scheduling multiproject resources
It reduces fluctuations in cash flow during the project
It shows how much work was accomplished for the money spent
It is not necessary to have a time-phased budget baseline
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller newsolutions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
