Kent MIS441 quiz 2 latest 2015 winters

Question
1
Estimating project time and cost will help to:

A.

determine how long the
project should take and its cost.

B.

determine whether the project
is worth doing.

C.

determine how well the
project is progressing.

D.

a, b and c

Question 2

Project estimation involves:

A.
Determining the project champion

B.
The process of forecasting or approximating the time and
cost of completing project deliverables.

C.
The profitability of a project

D.
b and c
only
Question 3

One of the drawbacks of Top-Down project estimates is that
such estinates are:

A.
made by selected stakeholders with indepth knowledge of the
project.

B.
made by top
managers who have little knowledge of the processes used to complete the
project.

C.
made by project champion with indepth knowledge of the
project.

D.
none of the above

Question 4

One of the functions of work breakdown structure is:

A.
it enhances
the possibility of having the project to driven by organization function or by
a finance system

B.
it helps to avoid having the project driven by organization
function or by a finance system

C.
it halps to lower the costs of projects

D.
a and b above

Question 5

Organization costs that are indirectly linked to a specific
package that are apportioned to the project are called:

A.
General and
administrative overhead Costs.

B.
Variable costs.

C.
Total costs related to the complete project.

D.
All of the above.

Question 6

An event that represents significant, identifiable
accomplishment toward the project’s completion is called:
A.
Milestone

B.
Priority matrix

C.
Scope creep

D.
Project charter

Question 7

______ defines the relationship of the final deliverable
(the project) to its sub-deliverables, and in turn indicate their relationships
to work packages.
A.
Project Charter

B.
Scope statement

C.

Scope creep

D.

Work
breakdown structure

Question 8

Work breakdown structure (WBS) coding system can be used to
do the following except:

A.
Organize
work elements

B.
determine work packages

C.
Develop budget and cost information

D.
Assess qualified project manager

Question 9

In project costing, direct Costs are:

A.
costs that are fixed in nature.

B.
costs that
are clearly chargeable to a specific work package.

C.
costs that are related to purchase of indirect labor for the
entire project.

D.
wages paid to the project manager.

Question 10

Which of the following can lead to a Project Trade-off?
A.
Performance–Scope

B.
Budget–Cost

C.
Schedule–Time

D.
a, b and c
above.

Question 11

Which of the following is a good reason for adjusting
project estimates?

A.
Interaction costs are hidden in estimates.

B.
Normal conditions do not apply.

Question 12
Which of the following is a function
of Organizational Breakdown Structure (OBS)?

A.

Providing a framework to
summarizeorganization
work unit performance.

B.

Identifying organization
units responsiblefor
work packages.

C.

Tying the organizational
unitsto
cost control accounts.

D.

a, b and c above.

Question 13

Bottom-up approach to estimating project is useful because:

A.
it can
serve as a check on cost elements in the WBS

B.
those who make the estimates are experts in quantitative
analysis

C.
it is possible to divert funds to project with higher
profits

D.
a to c are all correct.

Question 14

Which of the following document authorizes the project
manager to initiate and lead the project?

A.
responsibility matrix

B.
Project
Charter

C.
Scope Creep

D.
Scope Statements

Question 15

Project estimates can be adjusted as:

A.
there is change in management.

B.
new project manager gets hired.

C.
risks,
resources, and situation particulars become more clearly defined.

D.
there is change in project portfolio.

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