Quiz 2 Engineering Project Management past stitched quiz solutions PDF

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Summary

100 questions from the EPM quiz questions pool all with answers...

Description

07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

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arch UTSOnl ne help pages

 George Stivaktas

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Engineering Project Management Autumn 2020 48260-2020-AUTUMN-CITY Practice Quizzes

Practice Quiz Autumn 2020

 Review Test Submission: Online Quiz Practice 2

Engineering Project Management Autumn 2020 Review Test Submission: Online Quiz Practice 2 User

George Stivaktas

Subject

Engineering Project Management Autumn 2020

Test

Online Quiz Practice 2

Started

15/04/20 8:02 PM

Submitted

15/04/20 8:07 PM

Status

Completed

Attempt Score 70 out of 100 points  Time Elapsed

5 minutes out of 15 minutes

Self Test

Student answers and score are not visible to the instructor.

Results Displayed

All Answers, Submitted Answers, Correct Answers, Feedback, Incorrectly Answered Questions

Question 1

10 out of 10 points

Top-down estimates are most likely to occur during the ______ phase.

Selected Answer:

Concept

Answers:

Concept Planning Execution Delivery All of these are equally likely

Response Feedback:

Question 2

Top-down estimates are only a rough cut and typically occur in the "conceptual" stage of the project.

10 out of 10 points

The attempt to recognize and manage potential and unforeseen trouble spots that may https://online.uts.edu.au/webapps/assessment/review/review.jsp?attempt_id=_17018265_1&course_id=_42197_1&content_id=_3801249_1&outc… 1/4

07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

occur when a project is implemented is known as

Selected Answer: Answers:

Risk management Risk forecasting Risk management Contingency planning Scenario analysis Disaster protection

Response Risk management attempts to recognize and manage potential and Feedback: unforeseen trouble spots that may occur when the project is implemented.

Question 3

0 out of 10 points

Due to the impact over a long period of time, risk events that occur in the early stages of a project will have a greater cost impact than those that occur in later stages.

Selected Answer: Answers:

True True False

Response Feedback:

The cost impact of a risk event in the project is less if the event occurs earlier rather than later.

Question 4

10 out of 10 points

One of the keys to success in risk identication is

Selected Answer:

Critical thinking

Answers:

Critical thinking Optimism Pessimism A "can do" attitude All of these are correct

Response While a "can do" attitude is essential during implementation, project Feedback: managers have to encourage critical thinking when it comes to risk identication.

Question 5

0 out of 10 points

The probability that a risk event will occur is higher during the initial stages of a project.

Selected Answer:

False

Answers:

True

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

False Response The chances of a risk event occurring (e.g., an error in time estimates, cost Feedback: estimates, or design technology) are greatest in the concept, planning, and start-up phases of the project.

Question 6

10 out of 10 points

Phase estimating is used when a project cannot be rigorously dened because of the uncertainty of design or the nal product.

Selected Answer:

True

Answers:

True False

Response Phase estimating is used when an unusual amount of uncertainty Feedback: surrounds a project and it is impractical to estimate times and costs for the entire project.

Question 7

10 out of 10 points

The process of forecasting or approximating the time and cost of completing project deliverables is called

Selected Answer: Answers:

Estimating Budgeting Predicting Estimating Planning Guesstimating

Response Feedback:

Estimating is the process of forecasting or approximating the time and cost of completing project deliverables.

Question 8

10 out of 10 points

If a project is internal to the company and relatively small, the bottom-up approach to estimating time and costs for the project is the best choice. Refer to Table 5.1

Selected Answer: Answers:

False True False

Response Feedback: See Table 5.1 on page 132.

Question 9

0 out of 10 points

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

It is possible to have more than one critical path at the same time.

Selected Answer: Answers:

False True False

Response Critical path means the path(s) with the longest duration through the Feedback: network; if an activity on the path is delayed, the project is delayed the same amount of time.

Question 10

10 out of 10 points

Reasons why estimating time and cost are important include all of the following except:

Selected Answer: Answers:

All of the above are valid reasons To schedule work To determine how long the project should take and cost To develop cash ow needs To determine how well the project is progressing All of the above are valid reasons

Response Feedback: See Exhibit 5.1 on Page 127. Thursday, 7 May 2020 5:05:32 PM AEST

← OK

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...



arch UTSOnl ne help pages

 George Stivaktas





Engineering Project Management Autumn 2020 48260-2020-AUTUMN-CITY Practice Quizzes

Practice Quiz Autumn 2020

 Review Test Submission: Online Quiz Practice 2

Engineering Project Management Autumn 2020 Review Test Submission: Online Quiz Practice 2 User

George Stivaktas

Subject

Engineering Project Management Autumn 2020

Test

Online Quiz Practice 2

Started

2/05/20 10:30 PM

Submitted

2/05/20 10:33 PM

Status

Completed

Attempt Score 100 out of 100 points  Time Elapsed

2 minutes out of 15 minutes

Self Test

Student answers and score are not visible to the instructor.

Results Displayed

All Answers, Submitted Answers, Correct Answers, Feedback, Incorrectly Answered Questions

Question 1

10 out of 10 points

In developing a project network, neither looping statements nor conditional statements are permitted.

Selected Answer:

True

Answers:

True False

Response Looping is not allowed (in other words, recycling through a set of activities Feedback: cannot take place). Also Conditional statements are not allowed (that is, this type of statement should not appear: If successful, do something; if not, do nothing).

Question 2

10 out of 10 points

Adopting proven technology instead of experimental technology is an example of mitigating a risk.

Selected Answer:

False

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

Answers:

True False

Response Feedback:

Adopting proven technology instead of experimental technology is an example of avoiding risk.

Question 3

10 out of 10 points

The critical path in a project network is the

Selected Answer: Answers:

Longest path through the network Shortest path through the network Longest path through the network Network path with the most dicult activities Network path using the most resources Network path with the most merge activities

Response When this term is used, it means the path(s) with the longest duration Feedback: through the network; if an activity on the path is delayed, the project is delayed the same amount of time.

Question 4

10 out of 10 points

The forward pass in project network calculations determines the

Selected Answer: Answers:

A, B, and C are all correct Earliest time's activities can begin Earliest time's activities can be nished Duration of the project Both A and B are correct A, B, and C are all correct

Response The forward pass starts with the rst project activity(ies) and traces each Feedback: path (chain of sequential activities) through the network to the last project activity(ies).

Question 5

10 out of 10 points

The WBS identies dependencies, the sequencing of activities, and the timing of activities.

Selected Answer: Answers:

False True False

Response Networks provide the project schedule by identifying dependencies, https://online.uts.edu.au/webapps/assessment/review/review.jsp?attempt_id=_17145470_1&course_id=_42197_1&content_id=_3801249_1&outc… 2/5

07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

Feedback: sequencing, and timing of activities, which the WBS is not designed to do.

Question 6

10 out of 10 points

Part of a project is to Develop Product Specications. This is best classied as a(n)

Selected Answer: Answers:

Activity Event Path Activity Node Milestone

Response Activities usually represent one or more tasks from a work package. Feedback: Descriptions of activities should use a verb/noun format: for example, develop product specications.

Question 7

10 out of 10 points

The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as:

Selected Answer: Answers:

Template method Detailed WBS work package estimates Template method Function point method Time-phased cost estimates Phase estimating

Response If the project is similar to past projects, the costs from past projects can Feedback: be used as a starting point for the new project. Dierences in the new project can be noted and past times and costs adjusted to reect these dierences.

Question 8

10 out of 10 points

Typical kinds of costs found in a project include

Selected Answer: Answers:

A, B, and C are all included Direct costs Project overhead costs General and administrative costs Only A and B are included

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

A, B, and C are all included

Response Feedback: See list on Page 142.

Question 9

10 out of 10 points

A manager getting further into a project and obtaining a better understanding of what needs to be done to accomplish a project is an example of:

Selected Answer: Answers:

Changes in project scope Hidden interaction costs Things going wrong on a project Normal conditions not applying Changes in project scope None of these are correct

Response As one gets further and further into the project, a manager obtains a Feedback: better understanding of what needs to be done to accomplish the project. This may lead to major changes in project plans and costs. Likewise, if the project is a commercial project, changes often have to be made midstream to respond to new demands by the customer and/or competition.

Question 10

10 out of 10 points

If, for some reason, the project must be expedited to meet an earlier date, which of the following actions would the project manager take rst?

Selected Answer: Answers:

Check to see which activities are on the critical path Check to see which activities cost the least Check to see which activities have the longest duration Check to see which activities are on the critical path Check to see which activities have the most slack Check to see which activities have the highest risk

Response If for some reason the project must be expedited to meet an earlier date, Feedback: it is possible to select those activities, or combination of activities, that will cost the least to shorten the project. Similarly, if the critical path is delayed and the time must be made up by shortening some activity or activities on the critical path to make up any negative slack, it is possible to identify the activities on the critical path that cost the least to shorten. If there are other paths with very little slack, it may be necessary to shorten activities on those paths also.

Thursday, 7 May 2020 5:09:05 PM AEST

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

← OK

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...



arch UTSOnl ne help pages

 George Stivaktas





Engineering Project Management Autumn 2020 48260-2020-AUTUMN-CITY Practice Quizzes

Practice Quiz Autumn 2020

 Review Test Submission: Online Quiz Practice 2

Engineering Project Management Autumn 2020 Review Test Submission: Online Quiz Practice 2 User

George Stivaktas

Subject

Engineering Project Management Autumn 2020

Test

Online Quiz Practice 2

Started

6/05/20 8:27 PM

Submitted

6/05/20 8:30 PM

Status

Completed

Attempt Score 90 out of 100 points  Time Elapsed

2 minutes out of 15 minutes

Self Test

Student answers and score are not visible to the instructor.

Results Displayed

All Answers, Submitted Answers, Correct Answers, Feedback, Incorrectly Answered Questions

Question 1

10 out of 10 points

Organization culture can signicantly inuence project time and cost estimates.

Selected Answer:

True

Answers:

True False

Response Feedback:

Organization culture can signicantly inuence project estimates.

Question 2

0 out of 10 points

Performance bonds, warranties, and guarantees are nancial instruments used to share risk.

Selected Answer: Answers:

True True False

Response

Performance bonds, warranties, and guarantees are other nancial

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

Feedback:

instruments used to transfer risk.

Question 3

10 out of 10 points

The two approaches used to develop project networks are AOA and AON.

Selected Answer: Answers:

True True False

Response Feedback:

The two approaches used to develop project networks are known as activity-on-node (AON) and activity-on-arrow (AOA).

Question 4

10 out of 10 points

The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as:

Selected Answer: Answers:

Template method Detailed WBS work package estimates Template method Function point method Time-phased cost estimates Phase estimating

Response If the project is similar to past projects, the costs from past projects can Feedback: be used as a starting point for the new project. Dierences in the new project can be noted and past times and costs adjusted to reect these dierences.

Question 5

10 out of 10 points

The WBS identies dependencies, the sequencing of activities, and the timing of activities.

Selected Answer: Answers:

False True False

Response Networks provide the project schedule by identifying dependencies, Feedback: sequencing, and timing of activities, which the WBS is not designed to do.

Question 6

10 out of 10 points

______ estimates are most likely to use low cost, ecient methods.

Selected Answer:

Bottom-up

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07/05/2020

Review Test Submission: Online Quiz Practice 2 – 48260-...

Answers:

Apportion Ratio Top-down Bottom-up All of these are equally likely

Response The bottom-up approach also provides the customer with an opportunity Feedback: to compare the low-cost, ecient method approach with any imposed restrictions.

Question 7

10 out of 10 points

Gantt charts are popular because they represent an easy-to-understand, clear picture on a time-scaled horizon. Refer to Figure 6.12

Selected Answer: Answers:

True True False

Response Feedback: See Figure 6.12 on Page 176.

Question 8

10 out of 10 points

________ activities must be completed immediately before a particular activity.

Selected Answer: Answers:

Predecessor Merge Burst Predecessor Successor Critical

Response Feedback:

Which activities must be completed immediately before this activity? These activities are called predecessor activities.

Question 9

10 out of 10 points

At the strategic level top-down estimating methods are used to evaluate a project proposal. Refer to Table 5.1

Selected Answer: Answers:

True True False

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