Man 4583 exam 2 - Study guides, Class notes & Summaries
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MAN 4583 Exam 1 Questions and Answers Rated A+
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MAN 4583 Exam 1 Questions and 
 
Answers Rated A+ 
 
What constitutes a project? - Temporary endeavor 
- Beginning and end 
- Creates unique product 
- Not continuous operation 
- Budget 
 
Project Manager - Assigned to achieve projects objectives 
- Leads projects team 
- Organizes projects resources 
- Planning/ overseeing project in its entirety 
- COMMUNICATING 
- Authorization given through project charter 
 
Simple Project Life Cycle/ Knowledge Areas of Process Groups Initiating, planning,...
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UCF MAN 4583 Exam 2 Latest Update Already Passed
- Exam (elaborations) • 23 pages • 2024
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UCF MAN 4583 Exam 2 Latest Update 
 
Already Passed 
 
Project Budget A realistic estimate of the cost to complete the project work 
 
Estimate too high; the project could be canceled 
 
Estimate too low; the project will cost more and don't deliver 
 
The Cost target you aim for as you manage a project 
 
Labor Cost What you paid people to work on the project 
 
Vendors 
Contractors 
Employees 
 
Burdened Cost For employees 
 
Salary 
Benefits 
 
May get the rates from accounting or HR departm...
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MAN 4583 Exam 2 Questions and Answers Already Passed
- Exam (elaborations) • 24 pages • 2024
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MAN 4583 Exam 2 Questions and 
Answers Already Passed 
 
What is a Project Network A flow chart that graphically depicts the sequence, 
interdependencies, and start and finish times of the project job plan of activities that is the critical 
path through the network. 
 
What are some of the things to be considered in the critical path? scheduling labor and 
equipment 
communication 
project's duration 
budgeting cash flow 
Identifies critical activities 
 
What is an activity? An element of the...
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UCF MAN 4583 Exam 2 Questions & Answers 2024/2025
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UCF MAN 4583 Exam 2 Questions & Answers 2024/2025 
 
 
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Man 4583 Exam 2 Questions and Answers Already Passed
- Exam (elaborations) • 10 pages • 2024
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Man 4583 Exam 2 Questions and 
Answers Already Passed 
 
Which of the following represents an activity on an AON project network? A node 
 
When translated into a project network, a work package will become one or more activities 
 
Which of the following is provided by both the project network and the work breakdown 
structure? activity duration 
 
On a project network, the activity times are derived from the work package 
 
An activity that has more than one dependency arrow flowing into it is...
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Man 4583 Exam 2 With All Questions and Answers
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Man 4583 Exam 2 With All Questions and Answers ...
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MAN 4583 EXAM 2 2024 WITH 100% CORRECT ANSWERS
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MAN 4583 EXAM 2 2024 WITH 100% CORRECT ANSWERS 
 
 
Which of the following represents an activity on an AON project network? - correct answer A node 
 
When translated into a project network, a work package will become - correct answer one or more activities 
 
Which of the following is provided by both the project network and the work breakdown structure? - correct answer activity duration 
 
On a project network, the activity times are derived from the - correct answer work package 
 
An activ...
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MAN 4583 Exam 2 Study Questions and Answers Graded A 2024
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What is a Project Network - A flow chart that graphically depicts the sequence, interdependencies, and start and finish times of the project job plan of activities that is the critical path through the network. 
 
What are some of the things to be considered in the critical path? - scheduling labor and equipment 
communication 
project's duration 
budgeting cash flow 
Identifies critical activities 
 
What is an activity? - An element of the project that requires time. 
 
What is a merge activi...
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MAN 4583 Exam 2 Questions and Correct Answers
- Exam (elaborations) • 14 pages • 2024
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A You are in the process of creating cost estimates for your project activities. You start with a document that details all the activities that will be performed in the project, and you begin to estimate the cost of each of the activities listed. What is this document? 
A. Work Breakdown Structure B. Network Breakdown Diagram C. Critical Path Structure D. None of the above 
C While planning for a construction project, you realize that one of the project activities requires a crane. Your company ...
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MAN 4583 Exam 2 Questions and Answers
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WBS breaks down into ____ rather than ___ deliverables; activities 
when defining work activities it is essential to involve the people who will actually be performing the project work 
how do you define a work activity give activity a name; short & starts with a verb 
Sequencing work activities put work activities in a logical order 
you should sequence activities so that they are done ASAP 
Who should create estimates for activity durations those who will be performing the activities 
overesti...
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