Project Management Program Quiz 4

Project Management Quiz 4

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1. Which of the following is the primary purpose of creating a project schedule?

To define the project's budget

To list all the project risks

To track project performance and identify delays

To assign project team members

2. Which of the following time estimation techniques involves using historical data and expert judgment to estimate the duration of project tasks?

Bottom-Up Estimating

Parametric Estimating

Analogous Estimating

Three-Point Estimating

3. What is the main advantage of using a Gantt chart for scheduling?

It provides a financial overview of the project

It helps in defining the project scope

It allows project managers to see the project's progress over time and task dependencies

It automatically calculates project risks

4. In time estimation, what does the PERT (Program Evaluation and Review Technique) method primarily help with?

Determining optimistic, pessimistic, and most likely estimates for project tasks

Calculating the critical path

Managing scope changes

Estimating project costs

5. What is the purpose of the critical path method (CPM) in scheduling?

To determine the total cost of the project

To assess the number of team members required for the project

To establish the shortest time to complete the project by identifying task dependencies

To identify which tasks can be delayed without affecting the project’s overall timeline

6. Which time management tool can help project managers identify and manage task dependencies in a project?

Gantt Chart

Network Diagram

Work Breakdown Structure (WBS)

Resource Histogram

7. Which time estimation technique uses a weighted average of three estimates: optimistic, pessimistic, and most likely?

Analogous Estimating

Monte Carlo Simulation

Bottom-Up Estimating

Three-Point Estimating

8. Which of the following is NOT typically a feature of time management software?

Risk management

Task scheduling

Resource allocation

Financial forecasting

9. What is the main challenge with using the "bottom-up" time estimation technique?

It can be time-consuming and resource-intensive

It is quick and requires minimal resources

It does not take into account task dependencies

It tends to underestimate project duration

10. What does the term "lag" refer to in scheduling?

The total time required to complete the project

The amount of time spent on administrative tasks

The time spent on task dependencies

The time gap between tasks that cannot start immediately after the predecessor

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Project Management Program Quiz 4

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