PM test 3

The initial step in the risk management process is to

The chances of a risk event occurring as a project proceeds through its life cycle tend to

The cost impact of a risk event occurring as a project proceeds through its life cycle tends to

A list of questions that address traditional areas of uncertainty on a project is termed a

After your team has successfully identified potential risks that could affect the project, what is the next step?

The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented is known as

Organizations use __________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk.

One common mistake made early in the risk identification process is to

An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a

Which of the following is NOT one of the steps in the risk management process?

Sam, the project engineer, has been scheduled to run the product system test at the same time he is to build a marketing prototype. This is an example of what type of resource constraint?

A special truck that George needs on his project has been scheduled on another project. This is an example of what type of resource constraint?

When developing a new software package, logically, the software must be designed before the code is written, and the code must be written before it is tested. These activities are dependent on each other by _________ constraints

Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak demand on resources is known as resource

Susan is to conduct environmental testing but the chamber cannot hold all the equipment that she wants to test. This is an example of a constraint that could impact the sequence and timing of activities in a project network. What type of constraint is it?

If resources are not adequate to meet peak demands, the resulting reschedule is termed

Gene is trying to order the concrete needed to continue his project. However, the supplier will not be able to deliver it until next week. This is an example of what kind of resource constraint?

Which of the following is NOT a potential consequence of failing to identify limited resources before project implementation?

When considering the sequence and timing of activities, which of the following is NOT one of the types of project network constraints?

All of the following are types of resource constraints EXCEPT

The shortest possible time an activity can be completed realistically is called ________ time

Without any formal planning, the president of a software company remarks in a speech that new technologically advanced software will be available in one year. This may lead to a project that must be done faster than anticipated. This is an example of reducing project duration caused by

As a project is crashed and project duration is reduced, indirect costs typically

Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n) ________ amount of time

Intense global competition and rapid technological advances create pressure to develop projects rapidly. This is an example of reducing project duration caused by

A contractor finished a bridge across a lake 18 months early and received more than $6 million for the early completion. This is an example of reducing project duration caused by

In a Project Cost-Duration Graph, total project costs are a sum of

Adverse weather, design flaws, and equipment breakdown can create negative slack. This is an example of reducing project duration caused by

As a project is crashed and project duration is reduced, direct costs typically

Which of the following is NOT considered a project indirect cost?