Liberty BUSI 313 Quiz 2 Answers Complete Solutions
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Question 1 A typical responsibility matrix will include not only those responsible for a specific task but can also include those who supply support and assistance.
Question 2 Integrating a project’s work packages within the organization’s management structure is known as work breakdown structure.
Question 3 If the project time should be accepted, then the project must be completed on time.
Question 4 In reviewing the project plan, Susan sees that the first prototype must be completed by October 12. This would be best classified as a
Question 5 Which of the following is a good example of a Process Breakdown Structure?
Question 6 There are 5 steps involved when defining a project; which of the following is the first?
Question 7 The final stage in defining a project is coding the organization breakdown structure or OBS for the information system.
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Question 8 For large companies, the organization breakdown structure is used rather than the work breakdown structure.
Question 9 The highest element in the hierarchical breakdown of the WBS is the first major deliverable for the project and the lowest element is a work package.
Question 10 Accounting would be an example of which of the following costs typically found in a project?
Question 11 Estimates are supposed to be based on normal conditions. While this is a good starting point, it rarely holds true in real life.
Question 12 Cost, time, and budget estimates are the lifeline for control; they serve as the standard for comparison of the actual and the planned throughout the life of the project.
Question 13 Refining estimates may be necessary for a number of reasons. For example, people working on prototype development needing time to interact with the design engineers after the design is completed is a good example of
Question 14 A good starting point for developing time and cost estimates is
Question 18 The requirement for a freshly poured foundation to cure before beginning construction is an example of which of the following type of lag?
Question 19 Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is scheduled to start in 5 working days, but the hardware is on backorder and will not arrive for another 9 working days. Fortunately, Tom has 10 days of slack; however, he shares this slack with the hardware installer. He will have to let the contactor know that the hardware will be ready 4 days later than expected and that the slack for the installer has been reduced by 4 days. Tom and the installer share 10 days of
Question 20 The critical path is the shortest path through a network and indicates activities that cannot be delayed without delaying the project.
Question 21 Which of the following will correctly calculate the total slack in an activity?
Question 22 A merge activity is one that merges with other activities into a succeeding activity.
Question 23 Different activities along the same path can have different total slack.
Question 24 It is acceptable for arrows to cross one another in a network diagram.
Question 25 Which of the following can be used without coordinating with managers of succeeding activities?