PRM EXAM #3 2025 WITH 100% ACCURATE
SOLUTIONS
What do project network times require in order to be a schedule? - ✅✅✅CORRECT -resources must
be assigned
what requirement do cost estimates require in order to become a budget? - ✅✅✅CORRECT -must
be time-phased
resource smoothing - ✅✅✅CORRECT -A technique which adjusts the activities of a schedule model
such that the requirement for resources on the project do not exceed certain predefined resource limits.
Resource-Constrained Scheduling - ✅✅✅CORRECT -The duration of a project may be increased by
delaying the late start of some of its activities if resources are not adequate to meet peak demands.
Time-Constrained Project - ✅✅✅CORRECT -Must be completed by an imposed date.
Time is fixed, resources are flexible: additional resources are required to ensure project meets schedule.
Resource-Constrained Project - ✅✅✅CORRECT -A project that assumes resources are limited (fixed)
and therefore time is variable.
leveling - ✅✅✅CORRECT -Delay noncritical activities by using positive slack to reduce peak demand
and fill in the valleys for the resources
heuristics - ✅✅✅CORRECT -Mental shortcuts or "rules of thumb" that often lead to a solution (but
not always).
Splitting Tasks - ✅✅✅CORRECT -a planner splits the continuous work included in an activity by
interrupting the work and sending the resource to another activity for a period of time and then having
the resource resume the original activity.
, Planned Value (PV) - ✅✅✅CORRECT -The authorized budget assigned to scheduled work, project
cost baseline
Earned Value (EV) - ✅✅✅CORRECT -An estimate of the value of the physical work actually
completed
what is the most common form of shortening project time? - ✅✅✅CORRECT -assigning additional
employees and equipment to certain tasks
outsourcing project work - ✅✅✅CORRECT --contractor may have greater access to
equipment/expertise that will accelerate the activity.
overtime scheduling - ✅✅✅CORRECT --preferred form for project acceleration, cost effective and
time effective
fast tracking - ✅✅✅CORRECT -A schedule compression technique in which activities or phases
normally done in sequence are performed in parallel for at least a portion of their duration.
Critical Chain Method - ✅✅✅CORRECT -A schedule method that allows the project team to place
buffers on any project schedule path to account for limited resources and project uncertainties.
Project Indirect Costs - ✅✅✅CORRECT --costs associated with sustaining the project:
supervision, administration, consultants, and interest
crashing - ✅✅✅CORRECT -A technique used to shorten the schedule duration for the least
incremental cost by adding resources.
crash time - ✅✅✅CORRECT -the shortest possible time to complete an activity
crash cost - ✅✅✅CORRECT -the activity cost associated with the crash time
advantages of outsourcing - ✅✅✅CORRECT -1. cost reduction
SOLUTIONS
What do project network times require in order to be a schedule? - ✅✅✅CORRECT -resources must
be assigned
what requirement do cost estimates require in order to become a budget? - ✅✅✅CORRECT -must
be time-phased
resource smoothing - ✅✅✅CORRECT -A technique which adjusts the activities of a schedule model
such that the requirement for resources on the project do not exceed certain predefined resource limits.
Resource-Constrained Scheduling - ✅✅✅CORRECT -The duration of a project may be increased by
delaying the late start of some of its activities if resources are not adequate to meet peak demands.
Time-Constrained Project - ✅✅✅CORRECT -Must be completed by an imposed date.
Time is fixed, resources are flexible: additional resources are required to ensure project meets schedule.
Resource-Constrained Project - ✅✅✅CORRECT -A project that assumes resources are limited (fixed)
and therefore time is variable.
leveling - ✅✅✅CORRECT -Delay noncritical activities by using positive slack to reduce peak demand
and fill in the valleys for the resources
heuristics - ✅✅✅CORRECT -Mental shortcuts or "rules of thumb" that often lead to a solution (but
not always).
Splitting Tasks - ✅✅✅CORRECT -a planner splits the continuous work included in an activity by
interrupting the work and sending the resource to another activity for a period of time and then having
the resource resume the original activity.
, Planned Value (PV) - ✅✅✅CORRECT -The authorized budget assigned to scheduled work, project
cost baseline
Earned Value (EV) - ✅✅✅CORRECT -An estimate of the value of the physical work actually
completed
what is the most common form of shortening project time? - ✅✅✅CORRECT -assigning additional
employees and equipment to certain tasks
outsourcing project work - ✅✅✅CORRECT --contractor may have greater access to
equipment/expertise that will accelerate the activity.
overtime scheduling - ✅✅✅CORRECT --preferred form for project acceleration, cost effective and
time effective
fast tracking - ✅✅✅CORRECT -A schedule compression technique in which activities or phases
normally done in sequence are performed in parallel for at least a portion of their duration.
Critical Chain Method - ✅✅✅CORRECT -A schedule method that allows the project team to place
buffers on any project schedule path to account for limited resources and project uncertainties.
Project Indirect Costs - ✅✅✅CORRECT --costs associated with sustaining the project:
supervision, administration, consultants, and interest
crashing - ✅✅✅CORRECT -A technique used to shorten the schedule duration for the least
incremental cost by adding resources.
crash time - ✅✅✅CORRECT -the shortest possible time to complete an activity
crash cost - ✅✅✅CORRECT -the activity cost associated with the crash time
advantages of outsourcing - ✅✅✅CORRECT -1. cost reduction
