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Most schedule simulations are based on some form of which of the following?

A contingency plan is executed when _____________.

A.

A risks is identified

B.

An identified risk occurs

C.

When a workaround is needed

D.

Al1 of the above

Which of the following techniques accounts for path convergence and generally estimates project durations more accurately?

A.

CPM

B.

PERT

C.

Schedule simulation

D.

Path convergence method

A project is considered successful when _______________.

A.

The project meets or exceeds the expectations of the stakeholders

B.

The product of the project has been manufactured

C.

The project sponsor announces the completion of the project

D.

None of the above

A mandatory prerequisite for team building is ___________.

A.

Funding for staff development activities

B.

Shared work ethics among team members

C.

Commitment from top level management

D.

Removal of troublesome individuals

The concept of zero inventory is called ________.

A.

Six Sigma

B.

Continuous Improvement

C.

3ust in Time

D.

Zero Defects

Collocation can mean _______________.

A.

All, or almost all, team members are moved to a central physical location for the life of the project.

B.

Active team members may be at different physical locations, but meet on a regular basis.

C.

A war room is established where team members can meet periodically.

D.

Both A and c are correct.

A tool that analyzes the inputs to a process to identify the causes of errors is called ____________.

A.

Cause and Effect Diagram

B.

Fishbone Diagram

C.

Ishikawa Diagram

D.

Al1 of the above

Management reserves are used to handle which type of risk?

A.

Unknown unknowns

B.

Known unknowns

C.

Business risks

D.

Pure risks

Which of the following is not a tool or technique used during the Risk Quantification Process?

A.

Expected Monetary Value

B.

Contingency planning

C.

Decision Trees

D.

Statistical sums

The process of monitoring specific project results to determine if they comply with relevant quality standards is called _______________.

A.

Quality Assurance

B.

Quality Control

C.

plan Quality

D.

Quality Review

Your selection committee is debating between two projects. Project A has a payback period of 20 months. Project B has a cost of $150,000, with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend?

A.

Either Project A or Project B, because the payback periods are equal

B.

Project A, because Project B's payback period is 24 months

C.

Project A, because Project B's payback period is 20 months

D.

Project A, because Project B's payback period is 21 months

Which of the following is not a process of Project Communications Management?

A.

Administrative Closure

B.

Report Performance

C.

Distribute Information

D.

Conflict Resolution

Group brainstorming encourages all of the following except _________.

A.

Team building

B.

Analysis of alternatives

C.

Convergent thinking

D) Q Uninhibited verbalization