Ch 1-5 Flashcards
(96 cards)
There are two types of contracts:
a.
flat price and cost reimbursement
b.
flat price and cost actuary
c.
fixed price and cost reimbursement
d.
fixed price and cost additional
c.
fixed price and cost reimbursement
A change in the estimated duration of any activity on that path will cause a corresponding change in the slack for that path.
Question 16Select one:
True
False
T
A Gantt chart is the often the name for the network diagram tool for looping and laddering.
Question 19Select one:
True
False
F
Pre-RFP/proposal activity helps the contractor with all of the following except
a.
increase the likelihood of winning the bid to do the project.
b.
help the contractor to develop pre-proposal concepts and clarify what the customer expects.
c.
win the project without developing a proposal or solution for the project in writing.
d.
develop a favorable image in the eyes of the customer
c.
win the project without developing a proposal or solution for the project in writing.
In a contract’s terms of payment, ____ are based on the expected overall duration of the project schedule.
a.
monthly payments based on actual costs incurred
b.
single payment at completion of project
c.
equal monthly or quarterly payments
d.
percentage of total contract amount
c.
equal monthly or quarterly payments
Fixed-price contracts are most appropriate for projects that
a.
involve risk.
b.
are well defined and entail little risk.
c.
take less than one year to complete.
d.
are with customers that want a single payment date.
b.
are well defined and entail little risk.
In the planning process, the ____ is/are the end product(s) that the project team must deliver.
a.
environment
b.
objective
c.
work forms
d.
cycle
b.
objective
The bid/no-bid decision is the decision made by the
a.
customer to award a winner from the proposals received.
b.
contractor to maintain a relationship with a potential customer.
c.
contractor as to whether to prepare a proposal or not.
d.
customer to issue an RFP.
c.
contractor as to whether to prepare a proposal or not
The project control process must occur regularly throughout the project and include all of the following except
Question 3Answer
a.
Establish regular reporting meetings to compare actual to planned progress.
b.
Having a single inspection of the project’s deliverables at the end of the project.c.
Record information on changes to the project scope, schedule, and budget.
c.
Record information on changes to the project scope, schedule, and budget.
d.
Gather data on actual performance.
Having a single inspection of the project’s deliverables at the end of the project.
In many cases, especially for smaller projects, most activities involve people resources-that is,
Question 5Answer
a.
the stakeholders for the project.
b.
the members of the project team who may be utilized full time or part time during the project.c.
all the people who are employed by the project sponsor.
c.all the people who are employed by the project sponsor.
d.
all the people who are employed by the project contractor.
the members of the project team who may be utilized full time or part time during the project.
___ is the amount of time a particular activity can be delayed without delaying the earliest start time of its immediately succeeding activities.
Question 10Answer
a.
Work release
b.
Free slack
c.
Free time
d.
Free change
free slack
This longest path in the overall network diagram is called the network path.
Question 7Select one:
True
False
F
If an activity has been repeated many times, the actual duration that occurs most frequently can be used as the ____ time estimate.
Question 17Answer
a.
optimistic
b.
most likely
c.
pessimistic
d.
optimal
b.
most likely
The facilitator for the Scrum development process during a sprint whose primary job is to take actions to remove or reduce any obstacles, barriers, or constraints that are impeding progress of the development team toward accomplishing their work tasks and that may negatively impact the successful production and demonstration of a deliverable working product increment by the end of the sprint time is the
a.
Scrum master.
b.
sprint timer.
c.
product owner.
d.
project manager.
a.
Scrum master.
In a ____, the customer agrees to pay the contractor for all actual costs (labor, materials, and so forth), regardless of amount, plus some agreed-upon profit.
a.
fixed price contract
b.
cost reimbursement contract
c.
work agreement
d.
fixed agreement
b.
cost reimbursement contract
The network diagram defines the sequence of how the activities will get done and
a.
describes the best use of project resources.
b.
lists all the activities to be done concurrently in a serial relationship.
c.
indicates the loop relationship of the tasks.
d.
shows the interrelationships of the tasks.
d.
shows the interrelationships of the tasks.
The ____ and ____ times are determined by calculating forward through the network.
Question 1Answer
a.
LS, LF
b.
ES, EF
c.
EF, LF
d.
ES, LS
The ES and EF times are determined by calculating forward through the network.
At the beginning of every project, it is possible to estimate the durations for all activities with a high level of confidence regarding their accuracy.
Select one:
True
False
False
A vehicle for establishing good customer-contractor communications and arriving at a mutual understanding and clear expectations to ensure project success is
a.
the initiation phase of a project.
b.
a request for proposal.
c.
a contract.
d.
a communication plan.
c.
a contract.
Which section of a proposal should stress the benefits to the customer?
a.
Management
b.
Technical
c.
Cost
d.
Operational
b.
Technical
The ____ of completed activities will determine the earliest start and earliest finish times for the remaining activities in the network diagram, as well as the total slack.
Question 12Answer
a.
actual resource shares
b.
actual finish times
c.
finish estimates
d.
actual efficiency ratios
The actual finish times of completed activities will determine the earliest start and earliest finish times for the remaining activities in the network diagram, as well as the total slack
Earliest start time (ES) is the earliest time at which a specific activity can begin
Question 18Answer
a.
calculated on the basis of the project estimated finish time and the estimated durations of preceding activities.
b.
calculated on the basis of the project estimated start time and the estimated durations of approaching activities.
c.
calculated on the basis of the project estimated start time and the estimated durations of preceding activities.
d.
calculated on the basis of the project estimated start time and the estimated durations of succeeding activities.
c.
calculated on the basis of the project estimated start time and the estimated durations of preceding activities.
The technical section of the proposal is to convince the customer that the contractor
a.
can do the proposed work and achieve the intended results.
b.
understands the need or problem and can provide the least risky and most beneficial solution
c.
knows the technical terms and can follow the correct techniques to solve the problem.
d.
is charging a price for the proposed project that is reasonable and realistic.
b.
understands the need or problem and can provide the least risky and most beneficial solution.
Contractors should maintain frequent contacts with
a.
the project team and leave the customers alone.
b.
the financial officer of a potential customer.
c.
past and current customers.
d.
one individual in an organization.
c.
past and current customers.