100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
PRM3701 ASSESSMENT 2 SEMESTER 2 2024 Below are ways the Work Breakdown Structure (WBS) helps in managing projects. Which way listed below is incorrect a. with cost and time estimates the WBS makes it possible to plan, schedule and budget the project. b. i$4.44
Add to cart
PRM3701 ASSESSMENT 2 SEMESTER 2 2024 Below are ways the Work Breakdown Structure (WBS) helps in managing projects. Which way listed below is incorrect a. with cost and time estimates the WBS makes it possible to plan, schedule and budget the project. b. i
10 views 0 purchase
Course
Project Management (PRM3701)
Institution
University Of South Africa (Unisa)
PRM3701 ASSESSMENT 2 SEMESTER 2 2024
Below are ways the Work Breakdown Structure (WBS) helps in managing projects. Which way listed below is incorrect
a. with cost and time estimates the WBS makes it possible to plan,
schedule and budget the project.
b. it provides management with information a...
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.
You have just been given a project that has a specific completion date. After a
discussion with top management you find that while the date is important the
cost is more important and a slip in delivery would be acceptable if required to
meet the cost targets. The completion date is best classified as
a. constrained.
b. reduced.
c. accepted.
d. limited.
e. optional.
Clear my choice
Question 2
Not yet answered
Marked out of 1.00
Below are ways the Work Breakdown Structure (WBS) helps in managing
projects. Which way listed below is incorrect
a. with cost and time estimates the WBS makes it possible to plan,
schedule and budget the project.
b. it provides management with information appropriate to each level.
c. can be used to define communication channels.
d. allows the project manager to establish the overall objective of the
project.
e. as it is developed, organizational units and individuals can be assigned
responsibility of work packages.
Clear my choice
,Question 3
Not yet answered
Marked out of 1.00
The _________ is used to assist in making project trade-offs among schedule,
budget, and performance objectives.
a. responsibility matrix
b. responsibility matrix
c. project priority matrix
d. work package
e. criterion matrix
Clear my choice
Question 4
Answer saved
Marked out of 1.00
You are working for a marketing firm and has just been assigned manager of a
project to develop a new advertising campaign for an established product. What
is the second step the project manager should do?
a. Establish project priorities.
b. Define the project scope.
c. Verify the budget available.
d. Assign team members to work on the project.
e. Determine the required completion date.
Clear my choice
Question 5
Not yet answered
Marked out of 1.00
A home builder is collecting estimates for a house that he will have the funding
to build in 12 months. Which of the following factors does he need to consider
in regard to the quality of these estimates?
a. Padding estimates
b. Planning horizon
c. Project structure
d. People
e. Project duration
Clear my choice
, Question 6
Not yet answered
Marked out of 1.00
Which of the following is a good condition for top-down estimating?
a. Cost and time important
b. Fixed price contract
c. Customer wants details
d. Internal, small project
Clear my choice
Question 7
Not yet answered
Marked out of 1.00
Consider a five-mile-long railroad tunnel. Tunnel experts and advocates
estimate the total cost to be R200 million. What is the reference class for this
project? But reference class projects in this area have been over-budget by 30%.
So, what should the actual revised budget number be for this proposed five-mile
tunnel project?
a. Past bridge projects, R230 million
b. Past tunnel projects, R260 million
c. Past highway projects, R200 million
d. Past building projects, R230 million
e. Past construction projects, R230 million
Clear my choice
Question 8
Not yet answered
Marked out of 1.00
A purchasing agent is responsible for ordering hardware for a custom home his
company is building. The contractor installing the hardware is scheduled to
start in 5 working days, but the hardware is on backorder and will not arrive for
another 9 working days. Fortunately, the purchasing agent has 10 days of slack;
however, he shares this slack with the hardware installer. He will have to let the
contractor know that the hardware will be ready 4 days later than expected and
that the slack for the installer has been reduced by 4 days. The purchasing
agent and the installer share 10 days of
a. free slack.
b. shared slack.
c. total slack.
d. critical slack.
e. functional slack
Clear my choice
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 passmatetutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.44. You're not tied to anything after your purchase.
