FINAL preclass quizzes Flashcards
(15 cards)
In the Tuckman model, what occurs when the emphasis is on reaching the team goals, rather than working on team process?
performing
Which tool is a column chart that shows the number of resources assigned to a project over time?
Resource histogram
What is the first step in the framework for defining and assigning work?
Finalizing the project requirements
Which process involves tracking team member performance, motivating team members, providing timely feedback, resolving issues and conflicts, and coordinating changes to help enhance project performance?
Managing the project team
Which process involves building individual and group skills to enhance project performance?
Developing the project team
Which statement is true of contingency reserves?
They allow for future situations that can be partially planned for
Soles is a footwear company which has recently set up its store in Ambrosia. To manufacture its products, Soles incurs a range of different costs. Which would be an example of an indirect cost?
Electricity used to run its factories
The main goal of which process is to produce a cost baseline for measuring project performance and project funding requirements?
Cost budgeting
What does the process of controlling costs primarily involve?
Managing changes to the project budget
Which costs are difficult to measure in monetary terms?
Intangible costs
Which statement is true of tangible costs?
They can be easily measured
Which process results in a cost baseline as a main output?
Cost budgeting
Which statement is true of a order of magnitude estimate?
It provides an estimate of what a project will cost
Which process helps develop an accurate projection of a project’s financial expenses and benefits?
Life cycle costing
How are profits best defined?
Revenues minus expenditures
