Part I: MULTIPLE CHOICE (52 points, 2 points each] 1. A common tool project teams use is a responsibility assignment matrix (RAM). Typically, this chart will depict: A. the date each activity will begin. B. the duration of each activity. c. the roles key members of the team will play on each activity. D. organizational reporting structure. 2. When several activities need the same limited resource at the same time, the activity A. with the shortest duration has first priority B. with the least slack has first priority C. use the least resources has first priority D. use the most resources has first priority 3. Project managers must often face the challenge of compressing the project schedule. All of the following actions can be taken to reduce the duration of the critical path EXCEPT: A. Use the slack in critical path activities. B. Overlap sequential activities. C. Reduce the project scope. D. Obtain additional resources. 4. Activities can be delayed only to the point where all their positive slack is used up, as any further delays would cause the project to: A. increase costs of all the activities in the project. B. extend beyond the project completion time. C. be completed ahead of schedule. D. increase its requirements for additional resources for all activities. 5. Which of the following terms best describes the amount of funds needed above the estimate to reduce the risk of overruns? A. Insurance funds B. Project padding C. Discretionary funds D. Reserve 6. The approved time-phased budget against which project execution is compared and deviations are measured for management control is known as: A. a measurement baseline. B. a cost performance baseline. C. a control standard. D. a control target