Project Constraints Flashcards
(101 cards)
“Factors that may impact the change of an existing constraint or may bring about a new constraint” is the definition of which one of the following?
A. A dependency
B. A predecessor
C. An influence
D. A constraint
C. An influence
Influences can manipulate or impact existing constraints or may bring about new constraints.
The steering committee originally mandated that cost was the most important factor to the project, keeping the project team size lean. As the project drags on, the steering committee shifts and tells the project manager that schedule is the most important factor to the project. This is an example of which type of influence on a project?
A. Change request
B. Constraint reprioritization
C. Scope creep
D. Interactions between constraints
B. Constraint reprioritization
Constraint reprioritization is a shifting of which constraint is unmovable, thereby setting how the other constraints are manipulated. “You can have it cheap, right, or fast—you get to pick two out of three” illuminates the interplay between the triple constraints.
What does the acronym SWOT stand for?
A. Situation, weaknesses, open source, threats
B. Strengths, work, opportunities, traceability
C. Strengths, weaknesses, opportunities, threats
D. Situation, work, open source, traceability
C. Strengths, weaknesses, opportunities, threats
Strengths, weaknesses, opportunities, threats (SWOT) is a tool used to perform a moment-in-time environmental scan.
A potential future event that can have either a negative or positive impact on a project is known as which one of the following?
A. An issue
B. A risk
C. A hope
D. A requirement
B. A risk
Remember that a risk can be either positive or negative, and it represents an opportunity or threat that did not exist earlier in the project.
As you identify all of the potential risks that might impact a project, you should record them in which one of the following?
A. RACI chart
B. Risk register
C. Risk probability matrix
D. Issue log
B. Risk register
The risk register is the tool used to document all potential risks for future analysis and evaluation.
The activity of selecting risks that have the greatest chance of occurring and the biggest impact on the project should they occur is called which one of the following?
A. Three-point estimating
B. Pareto diagraming
C. Monitoring and Controlling
D. Risk analysis
D. Risk analysis
Risk analysis is the process of figuring out what risks might happen and what the results would be if each risk did occur.
The consequence or opportunity the risk poses to the project is known as which one of the following?
A. Risk response plan
B. Risk impact
C. Risk register
D. Risk probability
B. Risk impact
Risk impact details the consequence or result that will occur if the event actually happens. Typically, this is categorized with a rating of High, Medium, and Low.
What are the three common constraints found in projects? (Choose three.)
A. Time
B. Personnel
C. Working space
D. Budget
E. Inventory
F. Scope
A. Time
D. Budget
F. Scope
Commonly referred to as the “triple constraints,” almost all projects are constrained by time, budget, and scope as they impact quality.
A road construction project is going to require the company’s road paver, a piece of equipment that lays asphalt on roadways, in the next two weeks. The road paver is in use until this Friday in a different city and will require five days to be relocated. This is an example of which type of constraint?
A. Environment
B. Scheduling
C. Scope
D. Quality
B. Scheduling
Similar to the availability of people with certain skills, equipment availability and scheduling can also lead to a constraint on a project.
In the determination of the project scope, which of the following constraints need to be factored into the discussion? (Choose two.)
A. Project manager
B. Predefined budget
C. Mandated finish date
D. Competitive advantage
B. Predefined budget
C. Mandated finish date
Two of the triple constraints are represented in the options, a predefined budget and a fixed, or mandated, finish date. These constraints will impact the options available in terms of scope, and they should be considered in terms of creating the scope statement.
A project calls for six master craftspeople in a particular discipline, but the organization only has four on staff. The Human Resources department has attempted to hire more, but there is a limited number of these craftspeople looking for work. What type of constraint does this represent?
A. Resources
B. Scheduling
C. Requirements
D. Quality
A. Resources
The scarcity of this particular type of skill set, or when they have restricted availability or cannot be on the project on time, can all represent a constraint on the project.
Lisa is the project manager on a project and receives a change request to add more scope to her project while not changing the schedule or the budget. Which of the following options are true of the change request?
A. It represents an influence on the project.
B. It represents a constraint on the project.
C. It represents an avoidance strategy.
D. It represents an environmental constraint.
A. It represents an influence on the project.
Change requests, scope creep, and interactions between constraints are some of the influences that can impact a project.
Which of the following roles should be included in the identification of risk on a project?
A. Subject matter experts (SME)
B. Core team members
C. Stakeholders
D. All of the above
E. Both B and C
D. All of the above
All three of these roles can contribute to the identification of risk on a project.
The steering committee for Wigit Construction monitors existing projects and approves new ones. The company just won a bid for a new project that must be completed in April, which is the same month that an underway project must also be completed. The stakeholders are doing which of the following?
A. Reprioritizing constraints by shifting a previously unmovable constraint within a project
B. Submitting a change request because the scope changed for the existing project
C. Demonstrating scope creep for the existing project as there are more deliverables to accomplish
D. Exerting influence by losing interest in the existing project as a new project begins
D. Exerting influence by losing interest in the existing project as a new project begins
There are no changes to the existing project, but a new project is competing for the same resources at the same time as the existing project. The stakeholders’ focus has changed.
At a minimum, which of the following types of information would be recorded on a risk register? (Choose three.)
A. Risk score
B. Risk trigger scores
C. Impact if the risk occurs
D. Risk owners
E. Description of risk
F. Mitigation strategy
A. Risk score
D. Risk owners
E. Description of risk
Standard information on a risk register might include an identification number, description, probability and impact, score, and owner as they all relate to risk.
A company is working on a project to produce a smartphone that will have similar features to a competitor’s product. After a marketing demo, the company receives correspondence from its rival demanding that sale of the smartphone be halted and not taken up again later, because it violates their intellectual property. This is an example of which one of the following?
A. Memorandum of agreement
B. Cease and desist letter
C. Letter of intent
D. Request for proposal
B. Cease and desist letter
This is an example of a cease and desist letter, where there is an attempt to get a purportedly illegal activity halted and not continued again in the future.
If a project team wanted to enhance a positive risk, what are they trying to accomplish?
A. Assign the risk to a third party who is best able to bring about opportunity
B. Increase the probability or impact of the risk event to ensure that benefits are realized
C. Choose to accept the consequences of the risk
D. Look for opportunities to take advantage of positive impacts
B. Increase the probability or impact of the risk event to ensure that benefits are realized
Enhancing a risk involves increasing the probability or impact of the risk event to ensure that benefits are realized. This could come in the form of the construction company telling you that they could complete the building of a new gym early if there was a monetary reward for doing so.
Just allowing the consequences of a negative risk to happen is which type of risk response strategy?
A. Avoid
B. Transfer
C. Mitigate
D. Accept
D. Accept
Acceptance is choosing to live with the impact that a risk would have on the project.
What is the process of examining the risk analysis and establishing the appropriate course of action should it occur called?
A. Risk analysis
B. Risk probability
C. Risk response planning
D. Risk trigger
C. Risk response planning
The risk response plan outlines the course of action that will occur should the risk materialize and start impacting the project.
Which of the following is defined as the likelihood that a risk will occur?
A. Risk response plan
B. Probability and impact matrix
C. Risk register
D. Risk probability
D. Risk probability
Risk probability is the likelihood that a risk event will occur, and it is typically expressed as a number between 0.0 and 1.0.
In a SWOT analysis, opportunities generally look at which one of the following?
A. Positive news within the company that affects the project
B. External conditions that contribute to positive risks
C. Job openings on the project where hiring can occur
D. Long-term forecast of inclement weather during the project
B. External conditions that contribute to positive risks
Opportunities are external conditions that contribute to positive risks on a project, like a bull market in the product area, better weather conditions than expected, or a drop in materials costs.
Which of the following statements is true regarding a SWOT analysis?
A. Strengths/weaknesses are external to the organization; opportunities/threats are internal to the organization.
B. Strengths/weaknesses/opportunities/threats are all external to the organization.
C. Strengths/weaknesses are internal to the organization; opportunities/threats are external to the organization.
D. Strengths/weaknesses/opportunities/threats are all internal to the organization.
C. Strengths/weaknesses are internal to the organization; opportunities/threats are external to the organization.
SWOT involves analyzing the project by strengths/weaknesses, which are internal to the organization, and opportunities/threats, which are external to the organization.
Which of the following techniques could be used to create an initial list of risks on a project? (Choose three.)
A. Parametric estimating
B. Brainstorming
C. Three-point estimating
D. Interviews
E. Fishbone diagrams
F. Facilitated workshops
B. Brainstorming
D. Interviews
F. Facilitated workshops
The techniques of brainstorming, interviews, and facilitated workshops can all assist in creating an initial risk list. The estimating techniques are used in activity estimation for a task, and a fishbone diagram would help create cause and effect relationships.
What does IMS stand for in the project management sense?
A. Impulsive management system
B. Innovative mission statement
C. Iterative mapping system
D. Integrated master schedule
D. Integrated master schedule
An integrated master schedule is a networked and cross-referenced schedule containing the detailed work packages and plans to support a project.