Strayer BUS 375 Final Exam Part 1
Most of the scheduling methods available today require the project manager to classify the project as either _______ constrained or ______ constrained.
In reviewing the status of her project with top management, Shirley was told that there are only two programmers that she can use for her project. Her project is classified as __________ constrained.
Gene is trying to order the concrete needed to continue his project. However, the supplier will not be able to deliver it until next week. This is an example of what kind of resource constraint?
Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower the peak demand on resources is known as resource
All resource leveling techniques involve
When a company will reduce the number of projects they have to manage internally to only core projects and send noncritical projects to contractors and consulting firms this is called
Tony has realized that two activities in his project cannot be done at the same time because not enough resources are available. Activity 3 is critical and has a duration of 5 days. Activity 4 has 2 days of slack and a duration of 2 days. How will he decide which activity should be scheduled first?
Which of the following is NOT a potential consequence of failing to identify limited resources before project implementation?
In a Project Cost-Duration Graph, total project costs are a sum of
The direct cost for completing an activity in the shortest time it can realistically be completed in is called its __________ cost.
Which of the following projects would be least benefited if additional resources were added?
It is going to cost $80,000 a day simply to house and feed a construction crew in the farthest reaches of northern Alaska. This would be an example of a situation requiring reducing the project duration due to
Which of the following is NOT considered a project indirect cost?
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When reducing project duration, the duration for a project that is optimal is at the point where
Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n) ________ amount of time.
The shortest possible time an activity can be completed realistically is called ___¬¬¬_____ time.
The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented is known as
The cost impact of a risk event occurring as a project proceeds through its life cycle tends to
An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a
Organizations use __________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk.
Which of the following is NOT one of the steps in the risk management process?
The risk management tool that is divided into three color-coded zones representing major, moderate, and minor risks is the risk
_______________ focuses on how to respond to events that have a positive impact on a project.
Risks that can result in a system or process that will not work are known as
Tools such as a risk assessment form and a risk severity matrix are used to