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INMT2232 QUIZZES TEST QUESTIONS WITH ALL CORRECT ANSWERS

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INMT2232 QUIZZES TEST QUESTIONS WITH ALL CORRECT ANSWERS Q1) The project charter should help the project team and the project sponsor to develop a common understanding of what the project is all about. All of the following items are elements of that common understanding EXCEPT: a. understanding ...

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  • October 24, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • inmt2232
  • INMT2232
  • INMT2232
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INMT2232 QUIZZES TEST
QUESTIONS WITH ALL CORRECT
ANSWERS

Q1) The project charter should help the project team and the project sponsor to
develop a common understanding of what the project is all about. All of the following
items are elements of that common understanding EXCEPT:
a. understanding the detailed project schedule
b. understanding how the project aligns with the goals of the parent organization
c. understanding what is included and excluded in the project scope
d. understanding project success measures - Answer-a. understanding the detailed
project schedule

Q1) The components (principles) of Critical Chain Project Management include which of
the following?
a. Add a comfortable buffer to every project activity
b. Estimate activity durations generously
c. Adhere strictly to completion deadlines - rather than finishing early or late.
d. Avoid multi-tasking - Answer-d. Avoid multi-tasking

Q8)Which of the following charter elements defines the project purpose and justifies the
necessity of the project?
a. acceptance criteria
b. business case
c. scope overview
d. scope control plan - Answer-b. business case

Q4) Figure 8-4 Project Crashing Information
Consider the project crashing information presented in Figure 8-4. What is the
incremental cost to achieve a one-day reduction in the duration of this project in the
most cost efficient manner?
a. $ 40
b. $ 35
c. $ 30
d. $ 60 - Answer-b. $ 35

Q9) Within the project charter, the scope overview accomplishes all of the following
EXCEPT:
a. identifies the major schedule milestones for the project
b. describes what needs to be accomplished - all the characteristics that must be
present in the project deliverables.
c. states what is and is not included in the project, at a fairly high level.
d. describes how the work will be done to meet the specified requirements. - Answer-a.
identifies the major schedule milestones for the project

, Q1) Projects often include indirect costs that are necessary to keep the organization
running, but are not associated with one specific project. Which of the following items
are most typically considered to be indirect costs?
a. costs associated with material and purchased parts
b. travel cost for the project team
c. the cost of labor provided by project team members, consultants and subcontractors
d. executive salaries, utilities and insurance - Answer-d. executive salaries, utilities and
insurance

Q2) A milestone is a typical measuring point used when establishing cost control. Which
of the following does NOT accurately describes the use of cost control milestones?
a. Project managers can use their cash flow projections to determine the funding
needed to reach each milestone.
b. Project managers and sponsors often decide the number of milestones jointly.
c. Milestones are often identified in the project charter.
d. Milestones are developed during risk planning. - Answer-d. Milestones are developed
during risk planning.

Q7) All of the following factors must be in place in order to develop an analogous
estimate effectively EXCEPT:
a. An organization must know details behind the time value of money.
b. An organization must know how much previous projects actuallv cost.
c. An organization must have experience in performing similar proiects.
d. An organization must know how and to what extent the proposed project differs from
the previous project. - Answer-a. An organization must know details behind the time
value of money.

Q3) Which estimating technique uses a statistical relationship between historical data
and other variables (e.g., square footage in construction, lines of code in software
development) to calculate an estimate for scope, cost and duration?
a. analogous estimating
b. parametric estimating
c. Monte Carlo estimating
d. bottom-up estimating - Answer-b. parametric estimating

Q8) In the project communications matrix, all of the following "who" items are typically
included EXCEPT:
a. Who on the project team is responsible for a communication?
b. Who does the project team need to learn from?
c. Who take the minutes at the next status meeting?
d. Who does the project team need to share with? - Answer-c. Who take the minutes at
the next status meeting?

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