1 Activities which can take place at the same time are termed
Parallel activity.
Merge activity.
Burst activity.
Critical path.
Independent activity.
2 An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a
Random chance.
Bad luck.
Risk.
Hazard.
Disaster.
3 Based on the following, which event should you be most concerned about?
|
Risk Event
|
Likelihood
|
Impact
|
|
Bad weather
|
2
|
3
|
|
Design flaw
|
3
|
5
|
|
Accident
|
1
|
5
|
|
Shipment delay
|
2
|
2
|
|
Power outage
|
1
|
5
|
Accident
Shipment delay
Bad weather
Power outage
Design flaw
4 If, for some reason, the project must be expedited to meet an earlier date, which of the following actions would the project manager take first?
Check to see which activities are on the critical path.
Check to see which activities cost the least.
Check to see which activities have the most slack.
Check to see which activities have the highest risk.
Check to see which activities have the longest duration.
5 Information to develop a project network is collected from the
Budget.
Organization breakdown structure.
Responsibility matrix.
Project proposal.
Work breakdown structure.
6 One common mistake made early in the risk identification process is to
Not consider all possibilities.
Encourage participants be over optimistic.
Give too much attention to past events.
Support participants being over pessimistic.
Focus on consequences and not on the events that could produce consequences.
7 Risks are evaluated in terms of
Impact and cost.
Likelihood and cost.
Time and impact.
Cost and schedule.
Likelihood and impact.
8 The amount of time an activity can be delayed and yet not delay the project is termed
Total slack.
Free slack.
Critical float.
Slip pad.
Float pad.
9 The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented is known as
Risk management.
Contingency planning.
Risk forecasting.
Scenario analysis.
Disaster protection.
10 The backward pass in project network calculations determines all of the following EXCEPT
Earliest time an activity can finish.
How long an activity can be delayed.
Latest time an activity can begin.
The critical path.
Latest time an activity can finish.
11 The cost impact of a risk event occurring as a project proceeds through its life cycle tends to
Remain about the same.
Drop sharply and then level out.
Rise sharply and then level out.
Slowly rise.
Slowly drop.
12 The critical path in a project network is the
Longest path through the network.
Shortest path through the network.
Network path with the most difficult activities.
Network path with the most merge activities.
Network path using the most resources.
13 The forward pass in project network calculations determines all of the following EXCEPT
Duration of the project.
Earliest time an activity can finish.
How soon the project can finish.
The critical path.
Earliest time an activity can begin.
14 The initial step in the risk management process is to
Set aside budget funds for managing the risks.
Assess the risk potential.
Appoint a risk manager.
Identify the risks.
Determine the level of acceptable risk.
15 The likelihood the original critical path(s) will change once the project is initiated is referred to as
Rigidity.
Concurrent engineering.
Sensitivity.
Flexibility.
Resilience.
16 When translated into a project network, a work package will become
An arrow.
A milestone.
One or more activities.
A single activity.
A critical path.
17 Which of the following correctly calculates the early finish for an activity?
LF + SL
LF + DUR
ES + SL
LS + DUR
ES + DUR
18 Which of the following correctly calculates the late start for an activity?
EF - DUR
LF - DUR
ES - DUR
LF - SL
ES - SL
19 Which of the following will correctly calculate the total slack in an activity?
LS - ES
LF - ES
LF - EF
LS - LF
Either LS - ES or LF - EF
20 ________ activities must be completed immediately before a particular activity.
Merge
Burst
Successor
Predecessor
Parallel