Section 4: Time Management QUESTION 111 Your boss says that in order to get your new product to market sooner, the project must be completed four months earlier. However, he does not want to shorten the schedule if the project cost will go up more than US $22,000. Provided with the chart, which critical path…
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PMI-001 Q&A – Section 4: Time Management (101-110)
Section 4: Time Management QUESTION 101 The project manager has a project that is three months behind but is surprisingly markedly under budget. She has decided to try to make up time, but needs to minimize the project risk. What is the BEST thing to do? A. Crash B. Fast track C. Redefine the scope…
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Section 4: Time Management QUESTION 91 Your team is analyzing the project and comes up with the information in the chart. Which activities are on the critical path?
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Section 4: Time Management QUESTION 81 The float of an activity is determined by: A. Performing a Monte Carlo analysis. B. Determining the waiting time between activities. C. Determining lag. D. Determining the amount of time the activity can be delayed before it delays the critical path. Answer: D
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Section 4: Time Management QUESTION 71 You have a project with the following activities: Activity 1 can start immediately and has an estimated duration of 4. Activity 2 can start after activity 1 is completed and has an estimated duration of 8. Activity 3 can start after activity 2 is completed and has an estimated…
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Section 4: Time Management QUESTION 61 The project manager has performed schedule network analysis, compressed the schedule, and completed a Monte Carlo analysis. What time management activity should be done NEXT? A. Update resource requirements B. Recommend corrective actions C. Estimate Activity Durations D. Create a milestone list Answer: A
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Section 4: Time Management QUESTION 51 A project manager has increased project costs by US $100,000, but completed the project four weeks earlier than planned. What activity is BEST described here? A. Resource leveling B. Schedule compression C. Critical chain D. Adjusting leads and lags Answer: B
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Section 4: Time Management QUESTION 41 Which of the following is the BEST method of completing “what-if” scenarios to determine what combination of resources and interdependencies will produce the best schedule? A. Critical chain method B. Monte Carlo analysis C. Parametric estimating D. Resource leveling Answer: B
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Section 4: Time Management QUESTION 31 Which of the following processes includes asking team members about the time estimates for their activities and reaching agreement on the calendar date for each activity? A. Sequence Activities B. Develop Schedule C. Define Scope D. Develop Project Charter Answer: B
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Section 4: Time Management QUESTION 21 The precedence diagramming method (activity-on-node) is different from the arrow diagramming method (activity-on-arrow) because a precedence diagram: A. Can use PERT. B. Has four relationships among activities. C. Has only finish-to-finish relationships. D. May use dummy activities. Answer: B
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Section 4: Time Management QUESTION 11 Company A is developing a project similar to one it delivered nearly 12 months earlier. What is the MOST likely approach to defining project activities? A. Review organizational process assets. B. Add similar, if not the same, skill sets to the project team. C. Gather the team for a…
Continue readingPMI-001 Q&A – Section 3: Scope Management (81-90)
Section 3: Scope Management QUESTION 81 Which of the following BEST describes product analysis? A. Working with the customer to determine the product description B. Mathematically analyzing the quality desired for the project C. Gaining a better understanding of the product of the project in order to create the project scope statement D. Determining if…
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