30 Questions
What does Project Monitoring and Controlling involve?
Measuring ongoing project activities
Which phase includes completing and settling contracts applicable to the project?
Contract Closure
What does 'Scope Constraint' in project management refer to?
What must be done to produce the project's end result
Which activity is NOT part of the Project Completion phase?
Influencing factors for change control
What is the key benefit of Project Monitoring and Controlling?
Identifying variances from the project management plan
Which phase involves identifying corrective actions to address issues and risks properly?
Project Monitoring and Controlling
What is the main purpose of Critical Path Analysis (CPA) flow diagrams?
To show interdependent factors with overlapping timings
Which statement accurately describes the Project Evaluation and Review Technique (PERT)?
PERT is used to analyze the involved tasks in a project and determine the minimum time needed for completion.
What is the relationship between Project Evaluation and Review Technique (PERT) and Critical Path Method (CPM)?
PERT can be used in conjunction with CPM to manage complex projects effectively.
In a project where the duration of each activity is known with certainty, which method would be more suitable to determine the length of time required to complete the total project?
CPM
Which method can be utilized to estimate the probability that a project will be completed within a given deadline?
Project Evaluation and Review Technique (PERT)
What does Activity refer to in the context of project management?
A task that requires effort and takes time for completion
What is the formula to compute the slack time associated with each activity?
SLACK = LF - EF
In project scheduling, what are considered critical activities?
Activities with zero slack time
What does 'Crash cost' represent in the context of project management?
The cost of completing an activity on a crash or deadline basis
What is the purpose of Critical Project Crashing in project management?
To shorten the project duration by reducing critical activities' time
In project management, what does 'Normal cost' typically represent?
An estimate of how much it will take to complete an activity in normal time
How is the crash cost per time period calculated in project management?
Crash cost per time period = Normal time - Crash time
What is the main purpose of project planning?
To adequately plan time, cost and resources
Which of the following is NOT a typical step in project planning?
Executing the project activities
What is the purpose of the project execution process?
To complete the work defined in the project management plan
Which of the following is NOT a part of project monitoring and controlling?
Developing the project budget
What is the purpose of risk planning during project planning?
To identify potential risks and develop mitigation strategies
Which of the following is a typical step in project planning?
Estimating time and cost for activities
What is the primary challenge of project management?
To achieve all project goals and objectives while adhering to constraints like scope, time, and budget
What is the term used to refer to a group of related and interdependent engineering projects?
Program management
Which of the following is NOT one of the typical development phases of an engineering project?
Project testing and quality assurance stage
What is a key aspect of the project initiation stage?
Determining the nature and scope of the project
What is meant by a project being a 'temporary endeavor'?
All of the above
Which of the following is NOT listed as a key project control needed in the initiation stage?
Defining the project scope and objectives
Learn about the discipline of planning, organizing, securing, and managing resources to successfully complete project goals and objectives. Explore the concept of project management as a temporary endeavor with defined start and end dates to achieve unique goals and add value.
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