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What kind of costs are included in the budget to cover unexpected scenarios that may occur?ContingencyDirect costsGeneral and administrative costsManagement reservesIncorrect. A management reserve is an amount added to the overall project budget to cover unknown project risks.
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Read moreYou cannot start the successor activity until the predecessor activity has started in which type of relationship?Finish-to-startStart-to-startStart-to-finishFinish-to-finishIncorrect. The finish-to-start relationship is a logical relationship in which a successor activity cannot start until a predecessor has finished.
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Read moreWhich of the following is a good tool to assist in generating a calendarized budget because it shows how much of each resource is required for each time period?Project planResource allocation histogramFull-time equivalentBaseline budgetIncorrect. The FTE is not a tool for generating a calendarized budget. Labor costs are calculated by multiplying FTE and the number of work hours estimated.
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Read more“You cannot end the first task until the second task has started in which type of relationship?Finish-to-startStart-to-startFinish-to-finishStart-to-finishIncorrect. In a start-to-start relationship, you cannot start the successor activity until the predecessor activity has started.”
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Read more“Which of the following is a characteristic, function, or capability that must be present in the project’s final outcome?Project requirementMilestoneRequirements Traceability MatrixCritical pathIncorrect. Within the project schedule, key milestones indicate critical events and other activities that must be performed by specific dates before the project may proceed.”
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Read moreInsertingintroduces a delay in the completion of tasks.Incorrect. Inserting lead time between tasks can help shorten the overall duration.
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Read moreWhich of the following is created once we have taken our deliverables and broken them into activities and tasks?Individual assignmentsProject budgetPERT chartsGantt chartsIncorrect. A Gantt chart shows the elapsed time of the project but not the actual work hours.
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Read moreFor every activity and task we identify was must also identify what?Slack time for the scheduleFloat time for the scheduleLabel nodes for the network diagramResources required to perform the workIncorrect. Float time refers to flexibility in when a project can finish.
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Read moreThe process of reviewing every aspect of the project to identify what risks may occur is called.Incorrect. Risk assessment is a means of determining the amount of risk involved.
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