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Homework Page 3 EMBA 660 Project Management F) WBS is useful for (why WBS?): Q#3) Multiple Choice: (Select the most accurate answer) At what phase (stage) the project Scope, Baselines and Feasibility are established: A) Conceptual Desien Phase B) Advanced Desien Phase C) Detailed Design Phase D) Production / Exccution Phase At what phase (stage) the project Budget and Scheduled are determined: A) Conceptual Design Phase B) Advanced Design Phase C) Detailed Design Phase | D) Production / Execution Phase At what phase (stage) the project Team is selected: A) Conceptual Design Phase C) Detailed Desien Phase B) D) Advanced Desien Phase Production / Execution Phase Resources requirements and effort are the highest during the: A) Conceptual Design Phase B) Advanced Desien Phase C) Detailed Design Phase D) Production ! Exccution Phase Activity G is a predecessor of B with Start-to-Start relationship and lead of 4 days, means that: A) G can start 4 days hcfore the start of B B) B can start 4 days before the start of G C) G can start 4 days after the start of B D) B can start 4 days after the start of Activity B is a predecessor of C with Start-to-Finish relationship and lag of 4 days, means that: A) C can start 4 days before the finish of B B) B can start 4 days before the finish of C c) C can finish 4 days after the start of B D) B can finish 4 days after the start of C An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of duy 9, and a late finish (LF) of day 19. The activity: A) is on the critical path. B Has a lag C) is progressing well. D) is not on the critical path. L enttien AOA activity diagrams are only represented using which representation? A) Start-lo-Start B) Start-to-Finish C) Finish-to-Start D) Finish-to-Finish You are working on the project of painting a house. You identify a dependency that the painting of rool should begin only after two days of completion of painting of walls. This is an example of: A) Tag B) 1.cad 0 Free Float D) Total Float Homework Page 4 Homework Page 4 EMBA 660 FBSU Project Management You are required to estimate the time to paint a large wall. You know it takes two hours to paint one square foot of wall. The wall has an area of 30 square foot. So you estimate that it will take 60 hours to paint the wall. Which estimation model are you using? A) Bottom-up B Parametric 0 Analogous D) Expert judgment Cost baseline is usually represented using which curve or line? A) Sor Progress Curve B) Run Curve C) Pareto Diaeram D) Straight Line Your project is running late. To bring the project on schedule, you decide to add additional resources to the critical path. This is an example of: A) Fast-tracking B) Resource planning c) Crashing D) All of the above You are the Project Manager of ABC project. The project is being executed in an earthquake prone area. To take care of this you buy insurance for earthquakes. This is an example of: A) Acceptance B) Sharing C) Mitigation D) Transfer You are managing the project of planning a party for your company employees. There is a risk that the employees will not come to the party. You decide to not take any action against this as the likely-hood of this is low. Which risk response strategy are you following? A) Acceptance B) Avoidance C) Mitigation D) Transfer Which of the following indicate that the project is doing well? Select the best option. A) Negative CV B) SPI of less than one C) Negative SV D) CPI of greater than one The total budget cost for the project is $1,500. You have reached the planned half way mark. The actual physical work that has been completed at this stage is 60%. You have already spent $1,000 on the project. What is the CPI? A) 1.11 B) 0.67 C) 0.9 D) 0.75 Your pharmaceutical drug manufacturing project is running late and you have deadlines to meet on your project. You want to replace some of the inefficient human resources with more talented ones to finish the project on time. What risk response strategy is being followed in this context? A) Share B) Accept I Mitigate Transfer The most accurate type of estimating is: A) Three-Point Estimating C) Parametric Estimating B) D) Bottom-Up Estimating Analogous Estimating Based on current average cost of residential building, you estimated the cost of your housing project at $1000 per square meter. The type of this estimating is: A) Three-Point Estimating B) Bottom-Up Estimating C) Parametric Estimating D) Analogous Estimating Homework Page 5 The Project Charter authorize the existence of the project and gives authority to the Contractor to use money and starts the project 15) Total Slack (float) is the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date 16) Project scope and product scope are the same. They define the features and functions of project deliverables 17) WBS is the output of "Decomposition Process", which is breaking down the deliverables into more manageable parts ("Work Packages") 18) Fast tracking activities by doing them in parallel or overlapping them 19) Tuition fees of 40,000 SR per term is a fixed cost 20) Tuition fees of 5,000 per credit hour is a variable cost 21) Material cost is a variable cost 22) Gold Plating is giving the customer extras that add value to the project 23) Precision means that measured value is very close to the true value ALL Homework Page 3 EMBA 660 Project Management F) WBS is useful for (why WBS?): Q#3) Multiple Choice: (Select the most accurate answer) At what phase (stage) the project Scope, Baselines and Feasibility are established: A) Conceptual Desien Phase B) Advanced Desien Phase C) Detailed Design Phase D) Production / Exccution Phase At what phase (stage) the project Budget and Scheduled are determined: A) Conceptual Design Phase B) Advanced Design Phase C) Detailed Design Phase | D) Production / Execution Phase At what phase (stage) the project Team is selected: A) Conceptual Design Phase C) Detailed Desien Phase B) D) Advanced Desien Phase Production / Execution Phase Resources requirements and effort are the highest during the: A) Conceptual Design Phase B) Advanced Desien Phase C) Detailed Design Phase D) Production ! Exccution Phase Activity G is a predecessor of B with Start-to-Start relationship and lead of 4 days, means that: A) G can start 4 days hcfore the start of B B) B can start 4 days before the start of G C) G can start 4 days after the start of B D) B can start 4 days after the start of Activity B is a predecessor of C with Start-to-Finish relationship and lag of 4 days, means that: A) C can start 4 days before the finish of B B) B can start 4 days before the finish of C c) C can finish 4 days after the start of B D) B can finish 4 days after the start of C An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of duy 9, and a late finish (LF) of day 19. The activity: A) is on the critical path. B Has a lag C) is progressing well. D) is not on the critical path. L enttien AOA activity diagrams are only represented using which representation? A) Start-lo-Start B) Start-to-Finish C) Finish-to-Start D) Finish-to-Finish You are working on the project of painting a house. You identify a dependency that the painting of rool should begin only after two days of completion of painting of walls. This is an example of: A) Tag B) 1.cad 0 Free Float D) Total Float Homework Page 4 Homework Page 4 EMBA 660 FBSU Project Management You are required to estimate the time to paint a large wall. You know it takes two hours to paint one square foot of wall. The wall has an area of 30 square foot. So you estimate that it will take 60 hours to paint the wall. Which estimation model are you using? A) Bottom-up B Parametric 0 Analogous D) Expert judgment Cost baseline is usually represented using which curve or line? A) Sor Progress Curve B) Run Curve C) Pareto Diaeram D) Straight Line Your project is running late. To bring the project on schedule, you decide to add additional resources to the critical path. This is an example of: A) Fast-tracking B) Resource planning c) Crashing D) All of the above You are the Project Manager of ABC project. The project is being executed in an earthquake prone area. To take care of this you buy insurance for earthquakes. This is an example of: A) Acceptance B) Sharing C) Mitigation D) Transfer You are managing the project of planning a party for your company employees. There is a risk that the employees will not come to the party. You decide to not take any action against this as the likely-hood of this is low. Which risk response strategy are you following? A) Acceptance B) Avoidance C) Mitigation D) Transfer Which of the following indicate that the project is doing well? Select the best option. A) Negative CV B) SPI of less than one C) Negative SV D) CPI of greater than one The total budget cost for the project is $1,500. You have reached the planned half way mark. The actual physical work that has been completed at this stage is 60%. You have already spent $1,000 on the project. What is the CPI? A) 1.11 B) 0.67 C) 0.9 D) 0.75 Your pharmaceutical drug manufacturing project is running late and you have deadlines to meet on your project. You want to replace some of the inefficient human resources with more talented ones to finish the project on time. What risk response strategy is being followed in this context? A) Share B) Accept I Mitigate Transfer The most accurate type of estimating is: A) Three-Point Estimating C) Parametric Estimating B) D) Bottom-Up Estimating Analogous Estimating Based on current average cost of residential building, you estimated the cost of your housing project at $1000 per square meter. The type of this estimating is: A) Three-Point Estimating B) Bottom-Up Estimating C) Parametric Estimating D) Analogous Estimating Homework Page 5 The Project Charter authorize the existence of the project and gives authority to the Contractor to use money and starts the project 15) Total Slack (float) is the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date 16) Project scope and product scope are the same. They define the features and functions of project deliverables 17) WBS is the output of "Decomposition Process", which is breaking down the deliverables into more manageable parts ("Work Packages") 18) Fast tracking activities by doing them in parallel or overlapping them 19) Tuition fees of 40,000 SR per term is a fixed cost 20) Tuition fees of 5,000 per credit hour is a variable cost 21) Material cost is a variable cost 22) Gold Plating is giving the customer extras that add value to the project 23) Precision means that measured value is very close to the true value ALL