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Questions # 51:

You are the project manager of the UTN Project and are working on the roles and responsibilities for your project. You'll need to define four aspects of the roles and responsibilities. All of the following must be defined except for which one?

Options:

A.

Management

B.

Competency

C.

Role

D.

Responsibilities

Expert Solution
Questions # 52:

Jane works as a project manager for PassGuide Inc. Various projects are running under her administration. Holly, the team leader of a project, provides Jane the performance indexes of her project. The schedule variance (SV) of her project is 15. What does this figure illustrate?

Options:

A.

Holly's project is ahead of the schedule.

B.

Holly's project is behind the schedule.

C.

Holly's project has costs that are higher than planned.

D.

Holly's project is right on target.

Expert Solution
Questions # 53:

Which of the following are the types of casual/econometric forecasting methods?

Each correct answer represents a complete solution. Choose all that apply.

Options:

A.

ARIMA

B.

Econometrics

C.

ARMA

D.

Scenario building

Expert Solution
Questions # 54:

Which of the following methods tends to keep the resources levelly loaded, but requires the resources to be flexible in their start times and to quickly switch between tasks and task chains to keep the whole project on schedule?

Options:

A.

Critical Chain method

B.

Critical Path method

C.

Resource utilization

D.

Resource leveling heuristics

Expert Solution
Questions # 55:

You work as a project manager for PassGuide Inc. You are concerned with defining and controlling what is or is not included in the project. Which of the following processes will you use to accomplish the above task?

Options:

A.

Project scope management

B.

Risk management

C.

Project communications management

D.

Project reporting structure

Expert Solution
Questions # 56:

You work as a project manager for PassGuide Inc. You are using market risk, value at risk (VaR), historical simulation (HS), and extreme value theory (EVT) so as to analyze a portfolio and make forecasts of the likely losses that would be incurred for a variety of risks. Which of the following processes are you using to accomplish the task?

Options:

Expert Solution
Questions # 57:

Alan works as a project manager for PassGuide Inc. He is working on the office renovation project. The office has 200 doors. All doors have to be glassed and painted. Before each door can be painted, the glasses must be fitted in them at least 12 hours before. Alan has arranged these tasks with a finish to start relationship between glassing and painting. What else should Alan do to account for the twelve hours of maintenance time?

Options:

A.

Alan must add twelve hours of lead time to each of the 200 doors painting activity to account for the glassed maintenance time.

B.

Alan must schedule all 200 office doors to be glassed first and then schedule all 200 doors to be painted to ensure time for the maintenance.

C.

Alan must add twelve hours of lag time to each of the 200 doors painting activity to account for the glassed maintenance time.

D.

Alan must add an intermediary task with duration of twelve hours.

Expert Solution
Questions # 58:

You are in a project to create a Website. Your project team has met a few times and you're working with them to develop the project's WBS. Jan, a marketing expert, is in disagreement with Larry over how the Website should function. Gary and Gina are in disagreement over who'll take the lead on the design of the software for the Website. Mark, Mary, and Martha are all bickering about the photo management approach for the Website's pictures. What stage of team development is your project team currently in?

Options:

A.

Forming

B.

Storming

C.

Norming

D.

Performing

Expert Solution
Questions # 59:

You work as a project manager for PassGuide Inc. The company has recently opened a new department in its main building. You need information of all the vendors and hardware equipment being used in the different areas of the newly built department. Which of the following charts will you use to get the required information?

Options:

A.

PBS

B.

WBS

C.

OBS

D.

RBS

Expert Solution
Questions # 60:

Of the following, which best describes the elements in the work breakdown structure (WBS)?

Options:

A.

The elements are the description of the required work.

B.

They are deliverables.

C.

They analyze the risk.

D.

Elements are part of a weak matrix.

Expert Solution
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