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MGMT 480 EXAM 2 QUESTIONS WITH CORRECT ANSWERS

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MGMT 480 EXAM 2 QUESTIONS WITH CORRECT ANSWERS

Institution
MGMT 480
Course
MGMT 480

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Rob is responsible for estimating a work package that has a significant amount of
uncertainty associated with the time and cost to complete. Due to the uncertainty
involved he will be making a low, an average and a high estimate. Rob is using which
estimating approach?
A) Parametric procedures applied to specific tasks
B) Template method
C) Apportion method
D) Range estimating
E) Learning curve


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D) Range estimating




If, for some reason, the project must be expedited to meet an earlier date, which of
the following actions would the project manager take first?
A) Check to see which activities cost the least

,B) Check to see which activities have the longest duration
C) Check to see which activities are on the critical path
D) Check to see which activities have the most slack
E) Check to see which activities have the highest risk


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C) Check to see which activities are on the critical path




Resource leveling or smoothing can have all the following results on a project
EXCEPT
A) Lower peak resource demand
B) Reduced resource need over the life of the project
C) Reduced fluctuations in resource demand
D) A longer project duration
E) A more sensitive network


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D) A longer project duration




The risk associated with the unlikelihood that one of the key members will be stuck by
lightning would most likely be handled by which of the following?
A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Avoiding


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, B) Retaining




Which of the following is NOT a potential consequence of failing to identify limited
resources before project implementation?
A) Activity delays
B) Project delays
C) Difficulty in taking quick corrective action
D) Increase costs
E) Scope creep


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E) Scope creep




Which of the following will correctly calculate the total slack in an activity?
A) LS - ES
B) LF - EF
C) LS - LF
D) LF - ES
E) Either LS - ES or LF - EF


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E) Either LS - ES or LF - EF




What is the relationship between organizational culture and estimating?
A) There is no relationship
B) Cultural norms affect the accuracy of estimates
C) Culture determines whether estimates are made

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Institution
MGMT 480
Course
MGMT 480

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