100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
INMT2232 QUIZZES TEST QUESTIONS WITH ALL CORRECT ANSWERS $12.99   Add to cart

Exam (elaborations)

INMT2232 QUIZZES TEST QUESTIONS WITH ALL CORRECT ANSWERS

 4 views  0 purchase
  • Course
  • INMT2232
  • Institution
  • INMT2232

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 ...

[Show more]

Preview 2 out of 14  pages

  • October 24, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • inmt2232
  • INMT2232
  • INMT2232
avatar-seller
victoryguide
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?

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 victoryguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77988 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart