MGT 451-1 Project Management FINAL EXAM.

Project Management

MGT 450-1

Final Exam

SCORE 100

Question 1

If EV = $300, AC = $400, and the project budget is $1,000, what is the estimated final cost of the project
(this is known as EAC, estimate at complete)?

Select one:

a. $750



b. $1,000



c. $1,250



d. $1,333




Question 2

Which of the following is a characteristic of an effective reporting system?

a. SMART



b. KISS



c. MBO

, d. LOWBALLING




Question 3
1



Good functional requirements

Select one:

a. Describe how the deliverable should be developed



b. Provide detailed technical insights into what the deliverable will do



c. Describe what the deliverable looks like and what it should do



d. Are created after development of the technical specifications




Question 4

In risk management, insurance is an example of:

Select one:

a. Risk avoidance



b. Risk deflection



c. Risk acceptance

, d. Contingency planning




Question 5
1



Using working time or elapsed time to calculate the time it will take to complete a task produces the
same results.

Select one:

a. true



b. false




Question 6

Milestones, like tasks, consume resources.

Select one:

a. true



b. false