Strayer Bus375 final exam 2014-100% score

Bus375 final exam
Final
Exam Part 1
Question 1

Smoothing out project resources from period to period is called
Answer

Resource
leveling

Resource
allocation or resource limited planning

Better effort
planning

Slack
utilization planning

Question
2

Which of the following scheduling techniques is most appropriate
today for managing a project?
Answer

BAR charts

Milestone
charts

PERT charts

Precedence
charts

Question
3

The major disadvantage of using a bar chart on large projects is
that bar charts:
Answer

Cannot
identify critical paths

Do not show
dependencies between activities

Cannot
identify milestones

Cannot show
slack

Question
4

Laying out a network diagram when you know before-hand the size
of the available resource pool is called:
Answer

Resource
leveling

Resource
allocation or resource limited planning

Better effort
planning

Slack
utilization planning

Question
5

Activities with zero time durations are called:
Answer

Low-slack
activities

No-slack
activities

Dummy
activities

Special
activities

Question
6

If the slack in a 12 week activity is 6 weeks and ES = 4, then
LF = _____.
Answer

4

10

16

22

Question
7

Which of the following schedule compression techniques usually
requires adding more resources to each work package that is being compressed?
Answer

Overtime

Crashing

Outsourcing

Descoping

Question
8

A charting technique designed to illustrate the inductive and
deductive reasoning necessary to achieve some objective is called a _____
Diagram / network
Answer

Gantt

Logic

Descriptive

Intuition

Question 9

Which of the following is normally not one of the three critical
parameters provided in information reporting to the customer?
Answer

Time

Cost

Performance

Risks

Question
10

Which type of chart provides the least “predictive” value?
Answer

Bar chart

PERT

ADM

PDM

Question
11

When a functional manager tells you that your project is 10%
more difficult than the standard project, the functional manager is providing
you with a _____ estimate.
Answer

Parametric

Analogy

Engineering

Grassroots

Question
12

Which of the following projects would most likely have
reasonably good estimating techniques?
Answer

Construction

R & D

Software
development

New product
development

Question
13

An employee earning $40/hour works in a department where the
overhead is 125%. A billable or charge back hour to this department would be:
Answer

$ 40

$ 50

$ 90

$ 100

4 points
Question 14

Which of the following is generally not part of capital
budgeting?
Answer

Life cycle
cost estimating

Net present
value

Internal rate
of return

Discounted
cash flow

Question 15

Which of the following standard project estimating techniques is
usually accomplished in weeks?
Answer

Parametric

Analogy

Engineering

Grassroots

Question
16

Material provided in a proposal to justify one’s estimates are
called:
Answer

Supporting
pricing

Back-up data

Risk
justification

Proprietary
pricing

Which of the following components of life cycle costing incurs
the largest cost?
Answer

R & D

Production

Operational
and Support

Disposal

Question 18

Pricing out the construction cost of a home by a cost per square
foot would be representative of a _____ estimate.
Answer

Parametric

Analogy

Engineering

Grassroots

Question
19

The person or group with greatest ability to influence cost at
project initiation is:
Answer

The
customer/owner

The project
manager

The project
team

The users

Question
20

Variance envelopes are usually established because:
Answer

All cost
variances must be accounted for and explained

Not all cost
variances must be explained even though they exist

All schedule
variances must be explained

All cost
overruns require sponsor authorization

Question
21

Work that does not lend itself to subdivision into discrete
scheduled increments of work, such as project support, is called:
Answer

Measurable
effort

Level of
effort

Discrete
estimates

Work package
effort

Question
22

A common cause for a favorable CV but unfavorable SV might be:
Answer

Too many
workers on the project

Too few
workers on the project

Crashing the
project

Use of
overtime

Question
23

The form that is used to establish charge numbers is the:
Answer

Responsibility
Assignment matrix

Work
authorization form

Work package

Cost account change
notice

Question
24

If the schedule variance is positive and the cost variance is
negative, the project’s status is:
Answer

Over budget
and behind schedule

Over budget and
ahead of schedule

Under budget
and behind schedule

Under budget
and ahead of schedule

Question 25

The best method to price out a work package is to use the:
Answer

Average
departmental labor rate

Average pay
grade labor rate

Actual salary
of the workers assuming they are known

Statistical
data from the Payroll Department

Final
Exam Part 2

Question
1

Which of the following is normally not one of the three
parameters considered during tradeoffs?
Answer

Time

Cost

Performance

Financial
risks

Question 2

Which of the following generally gets reduced during tradeoffs?
Answer

Time

Cost

Performance

Financial
risks

Question
3

Assigning high, medium or low to a potential risk is part of:
Answer

Risk
identification

Quantitative
risk assessment

Qualitative
risk assessment

Risk response

Question
4

Brainstorming, assumption analysis and WBS decomposition are
techniques used for:
Answer

Risk
identification

Risk
assessment

Risk
monitoring and control

Risk handling

Question 5

Which of the following is not considered to be an insurable
risk?
Answer

Direct
property damage

Indirect
consequential loss

Legal
liability

Inflation

Question 6

If a project manager awardsa firm-fixed price contract to a
supplier, he / she is using:
Answer

Acceptance/Assumption

Avoidance

Control/mitigation

Transfer

Question
7

Monte Carlo simulation is a technique used as part of:
Answer

Risk
identification

Risk
assessment

Risk
monitoring and control

Risk handling

Question 8

Which risk handling mode is a project manager using if he /
she throws out one of three designs for a new product?
Answer

Acceptance/Assumption

Avoidance

Control/mitigation

Transfer

Question
9

A technique that uses a series of probability distributions and
then transforms them into various risks is called:
Answer

Probability
estimating

Monte Carlo
simulation

Estimating
simulation

Black box
analysis

Question
10

If a project manager believes in a proactive rather than
reactive risk management approach, he/she is using:
Answer

Acceptance/Assumption

Avoidance

Control/mitigation

Transfer

Question 11

An intentional relinquishment of a legal right is a (n):
Answer

Infringement

Breach of
contract

Waiver

Termination
liability

Question 12

The type of contract where all of the seller’s costs are
reimbursed and the seller will also receive a percentage of the profit pool
based upon how well the buyer likes the end result is a _____ contract.
Answer

Cost-sharing

Cost-plus-award-fee

Cost-plus-fixed-fee

Cost-plus-incentive-fee

Question 13

“Hygiene Factors” refers to:
Answer

How a
contractor should respond to an RFP

The type of proposal
expected by the seller

How and where
contract negotiations will take place

How many
bidder conferences will be held

Question
14

Which of the following is generally not included in a
solicitation package?
Answer

Listing of
qualified vendors

Past bidding
history of qualified vendors

How changes
will be managed

Supplier
payment plan

Question
14

Which of the following is generally not included in a
solicitation package?
Answer

Listing of
qualified vendors

Past bidding
history of qualified vendors

How changes
will be managed

Supplier
payment plan

Question
15

During contract negotiations, the goal of the buyer is to:
Answer

Get the seller
to accept the greatest risk

Get the
highest quality result for the lowest price

Get the seller
to agree to scope changes at no cost to the buyer

Try to get the
least amount of work done at the lowest price

Question 16

Which type of cost-plus contract provides the seller with a
guaranteed dollar-value profit rather than as a percentage?
Answer

Cost-sharing

Cost-plus-award-fee

Cost-plus-fixed-fee

Cost-plus-incentive-fee

Question
17

Billing the cost of repairs against a financially closed out
project is called _____.
Answer

Back charging

Refinancing

Order of
precedence

Arbitration

4 points
Question
18

Which of the following is generally not part of “Conducting the
Procurements”?
Answer

Perform a
make-or-buy analysis

Confirm
qualified sources

Review past
performance of sources

Produce a
solicitation package

Question
19

Acceptance sampling is a statistical process for evaluating a
portion of lot for the purpose of:
Answer

Measuring the
weight of each sample

Measuring the
length and width of each sample

Measuring the
volume of each sample

Acceptance or
rejection of the entire lot

Question
20

The cause and effect chart is used to _____.
Answer

Identify a
problem

Determine its
cause

Prioritize a
solution

Decide upon a
course of action

Question
21

Design of experiments is attributed to:
Answer

Deming

Juran

Crosby

Taguchi

Question
22

Which of the following is not one of the four categories of the
cost of quality?
Answer

Prevention

Identification

Internal
failures

External
failures

Question
23

The collective term for the activities and techniques within the
overall process is called:
Answer

Quality
control

Quality
assurance

Quality
policies

Quality
visions

Question
24

The balance between quality and cost is called:
Answer

Salability

Produceability

Operability

Availability

Question
25

The fact that random variation is always present in any process
is called:
Answer

Common cause
variability

Special cause
variability

Assignable
cause variability

Control limit
variability

Question
25

The fact that random variation is always present in any process
is called:
Answer

Common cause
variability

Special cause
variability

Assignable
cause variability

Control limit
variability