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This flashcard set covers university-level project management, focusing on key concepts like scope, stakeholders, and processes. It delves into the roles of project managers, the importance of planning, and the management of risks and budgets. The flashcards also explore the integration of software and construction activities within project frameworks. Ideal for students and professionals, this set helps in understanding the complexities of project management and the tools needed to ensure successful project delivery.
Flashcards
294
Students
6
Language
English
Category
Computer Science
Level
University
Created / Updated
05.01.2014 / 12.08.2024
  • 1  / 294

Flashcards

16. YouÕre managing a project to remodel a kitchen. You find out from your supplier that thereÕs a 50% chance that the model of oven that you planned to use may be discontinued, and youÕll have to go with one that costs $650 more. WhatÕs the EMV of that risk?

7. You overhear someone on your team using a racial slur. This person is a critical team member and you are worried that if they leave your company it will cause project problems. What should you do?
8. YouÕve given a presentation for your local PMI chapter meeting. This is an example of what?
9. You are about to hold a bidder conference, and a potential seller offers you great tickets to a baseball game for your favorite team. What should you do?
10. Your company has sent out an RFP, and your brother wants to bid on it. WhatÕs the BEST thing for you to do?
3. YouÕre a project manager at a construction company thatÕs selling services to a client. You are working on a schedule and a budget when the CEO at the client demands that you do not produce those things. Instead, he wants you to begin work immediately. What the BEST thing that you can do?
4. YouÕre working on a project, when the client demands that you take him out to lunch every week if you want to keep his business. WhatÕs the BEST thing to do?
5. You are working on one of the first financial projects your company has attempted, and you have learned a lot about how to manage the project along the way. Your company is targeting financial companies for new projects next year. WhatÕs the BEST thing for you to do?
6. You find out that you could save money by contracting with a seller in a country that has lax environmental protection rules. What should you do?
14. YouÕre managing a project, when you and the seller both agree that you need to have the seller add more resources to the project in order to finish on time. The number of resources is written into the contract. WhatÕs the BEST way to proceed?
15. Which of the following BEST explains the difference between a seller audit during Administer Procurements and a procurement audit during Close Procurements?
1. You read a great article over the weekend, and you think your team could really benefit from it. What should you do?
2. You find out that a contractor that youÕre working with discriminates against women. The contractor is in another country, and itÕs normal in that country. What should you do?
10. Which of the following contracts has the MOST risk for the buyer?
11. YouÕre managing a project that is difficult to estimate, so you donÕt have a good idea of when the project will end. Which of the following contracts is BEST?
12. YouÕre looking for a seller to do work for your project. When do you send out an RFP?
13. YouÕre creating source selection criteria for your contract. What process are you in?
16. YouÕre managing a construction project, and youÕre estimating your projectÕs activities using a spreadsheet that a consulting company created for you. You have to fill in the dry weight of the materials, the number of people required to do the work, the type of building youÕre working on, and other information about the project. Which BEST describes what you are doing?

15. YouÕre managing a construction project to install 7,500 light switches in a new high-rise building. YouÕve installed 3,575 of them so far, and youÕve spent $153,500 of your total budget of $245,000. Which of the following is true?

14. Your project has a budget at completion (BAC) of $75,000, and you need to figure out if youÕre on track to meet it. You know that youÕve already spent $56,000, and youÕre 70% done with the project. If your project continues expenditures at the current rate, whatÕs the lowest that you can allow your CPI to go before youÕve exceeded your projectÕs budget?
13. Which of the following BEST describes funding limit reconciliation?
12. YouÕre working on a IT project to set up a development environment, including designing and building a computer room, installing the operating systems and software, and performing a security evaluation. Your team comes up with a best-case scenario for the activity that involves ordering and installing the equipment. If everything goes perfectly, they feel it will take five weeks. However, they think itÕs much more likely to take nine. A team member points out that on his last project, there was a major equipment delivery delay that cost the project an extra four weeks, and the rest of the team agrees that this is a possibility in a worst-case scenario. Use PERT analysis to calculate how long you should expect this activity to take.
11. YouÕre working on a IT project to set up a development environment, including designing and building a computer room, installing the operating systems and software, and performing a security evaluation. Once the operating system on a machine is installed, it needs to be imaged and copied to three identical boxes. Which of the following BEST describes this relationship?
10. YouÕre planning an IT project to set up a development environment, including designing and building a computer room, installing the operating systems and software, and performing a security evaluation. Your project includes three different activities that involve three different network technicians splicing ends onto wires in order to build their own Ethernet cables, because thatÕs less expensive than buying pre-packaged ones. Every Ethernet cable must be tested using a qualification tester. ThatÕs an expensive piece of equipment, and there are only a few of them that must be shared between all of the technicians in the company. You need to plan your schedule based on the availability of the testing equipment. WhatÕs the BEST place to find that information?
9. YouÕre working on an IT project to set up a development environment, including designing and building a computer room, installing the operating systems and software, and performing a security evaluation. You need at least two weeks to order the hardware before you can configure it and install the operating systems. Which of the following BEST describes this relationship?
8. A software project team lead is working with stakeholders to make sure that thereÕs formal, documented acceptance of every one of the project deliverables. Which of the following BEST describes the work that sheÕs doing?
7. A project manager is analyzing deliverables and subdividing them into smaller, more manageable components. This project manager is performing WHICH process?
6. YouÕre in the process of talking to the project stakeholders, figuring out what they need, and writing it down. Which of the following is a tool or technique that you would use?
5. YouÕre managing an architecture project to design an extension on an existing building. One of the stakeholders has been adamant that the plans do not include an interior supporting wall, because she wants to be able to reconfigure the floor plan. Where do you document this information?
4. Which of the following is NOT a part of the project management plan?
3. Which of the following BEST describes the role of the project sponsor?
2. The CFO of a company tells you that you need to include a new feature in software thatÕs being produced by a project you are managing. The deadline for the project is tight, and if you take on the extra work then the project will come in late. What BEST describes the first thing that you should do?
1. YouÕre managing a project for a military subcontractor to modify the software for a missile guidance system. YouÕre planning the project, and need to take into account information about the companyÕs operating environment. Which of the following is NOT an example of the factors you are looking at:
31. A project manager is forced to dip into his management reserve. Which of the following is the MOST LIKELY cause of this?
32. Your software project team informs you that another team working at the company built a tool that will save three weeks on the project. You ask the other teamÕs project manager to have his team members share the tool with your team members. Which BEST describes this strategy?
29. A project manager is analyzing project risks by using quantitative techniques to assign a numeric value to each of those risks. Which of the following tools and techniques is NOT used for this?
30. One of your construction project team members warns you that your concrete supplier caused serious delays in his last project because he delivered the wrong kind of concrete. You discuss it with the team, and decide that you need to accept the possibility that this will happen. But you make back-up plans with an alternate provider by putting a down-payment on an emergency shipment, just in case. This is an example of:
27. YouÕre about to close your project, when you are surprised to get an email from someone youÕve never spoken to before. He is very angry, because heÕs directly impacted by your project, and there are specific things he needs from it and you arenÕt delivering those things. Which BEST describes the root cause of this problem?
28. You are in the process of making relevant information available to your projectÕs stakeholders. Which of the following is NOT a tool or technique that you would use?
25. Bob and Sue are stakeholders in your project. Sue is in the high-power, low-interest quadrant of the Power/ Interest grid. Bob is in the low-power, high-interest quadrant. Which of the following BEST describes the approach you should take:
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