ISY109 Comprehensive Exam: Project Management

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What is the purpose of the 5 Whys technique?

To convert an organization's value drivers to metrics

To group tasks into higher level categories

To create a project schedule plan

To identify the root cause of a problem (correct)

What type of diagram is used to illustrate the sequence of activities?

Activity-on-Arrow (AOA) diagram (correct)

Gantt chart

Activity-on-Node (AON) diagram

Flowchart

What determines the start and late finish dates for each activity in a project?

Activity list

Earned value management

Actual cost

Acceptance decisions (correct)

What is the purpose of an activity list?

To tabulate activities to be included in a project schedule plan Signup and view all the answers

What is the total of direct and indirect costs incurred in a project?

Actual cost Signup and view all the answers

What is the purpose of converting an organization's value drivers to metrics?

To measure performance and achieve goals Signup and view all the answers

What is the primary purpose of a project life cycle?

To ensure that functionally grouped components work together Signup and view all the answers

What is the term for the amount of time an activity can be delayed without delaying a succeeding activity?

Free Slack Signup and view all the answers

What is the purpose of an Ishikawa Diagram?

To identify the root cause of quality problems Signup and view all the answers

What is the term for the degree to which a system performs its intended function?

Functionality Signup and view all the answers

What is the primary purpose of a Forward Pass in a network diagram?

To determine the early start of any immediately following activity Signup and view all the answers

What is the purpose of a Budgetary Estimate?

To allocate money into an organization's budget Signup and view all the answers

Which technique uses the actual cost of a previous similar project as a basis for estimating the cost?

Analogous Estimates Signup and view all the answers

What is a Backward Pass in a project network?

A technique used to find the critical path in a project network Signup and view all the answers

What is the purpose of a Balance Scorecard?

To track the execution of business process flows Signup and view all the answers

What is the purpose of a Cause and Effect Diagram?

To identify the root cause of a problem Signup and view all the answers

What is the purpose of Cash Flow Analysis?

To estimate the projected cost to complete a project Signup and view all the answers

What is the term for the process of subdividing project deliverables into smaller pieces?

Decomposition Signup and view all the answers

What is the ratio of earned value to actual cost?

Cost Performance Index (CPI) Signup and view all the answers

What is the term for the longest path through a project network diagram that determines the earliest project completion date?

Critical Path Signup and view all the answers

What is the term for a graphic display of data that illustrates the results of a process over time?

Control Chart Signup and view all the answers

What is the term for a cost estimate that provides an accurate estimate of project costs?

Definitive Estimate Signup and view all the answers

What is the term for the cost of conformance plus the cost of non-conformance?

Cost of Quality Signup and view all the answers

What is the term for a process that describes when and how official project documents may be changed?

Change Control System Signup and view all the answers

What is the term for a technique used to predict total project duration?

Critical Path Method (CPM) Signup and view all the answers

What is the term for a project document that outlines the cost baseline?

Cost Management Plan Signup and view all the answers

What is the term for a diagram that traces complaints about quality problems back to the responsible production operations?

Fishbone Diagram Signup and view all the answers

What is meant by Float in a project?

The amount of time a project activity may be delayed without delaying a succeeding activity Signup and view all the answers

What is the objective of Milestone in a project?

To serve as a marker to help in identifying necessary activities and setting goals Signup and view all the answers

What is the primary focus of Scope Creep?

To increase the project scope Signup and view all the answers

What is the purpose of a Stakeholder in a project?

To be affected by the project or its outcome Signup and view all the answers

What is the purpose of a Pareto Analysis?

To identify the vital few problems in a system Signup and view all the answers

What is the purpose of a Quality Circle?

To improve the effectiveness of work in a department Signup and view all the answers

What is the meaning of Slack in a project?

The amount of time a project activity can be delayed without delaying a succeeding activity Signup and view all the answers

What is the purpose of a Mind Map?

To generate and organize ideas Signup and view all the answers

What is the meaning of Resource Breakdown Structure (RBS)?

A hierarchical structure that identifies the project resources Signup and view all the answers

What is the purpose of a Performance Appraisal?

To evaluate the employee performance Signup and view all the answers