BUS 375 Midterm Exam Part 2 (2 Set)\t\u00a0\t\u00a0\t“\ufffd Question 1 Which of the following is NOT one of the recommended guidelines for developing useful work package estimates? .\t“\ufffd Question 2 Janet is forecasting how much money her department needs to support a new project. She estimates that two people and $25,000 in expenses will cover her needs. Because management typically insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. Which of the following factors is illustrated in this situation? \t“\ufffd Question 3 Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that the projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing? \t“\ufffd Question 4 Refining estimates may be necessary for a number of reasons. For example, resource shortages, in the form of people, equipment, or materials, can extend original estimates. This is a good example of \t“\ufffd Question 5 Refining estimates may be necessary for a number of reasons. For example, a manager getting further into a project and obtaining a better understanding of what needs to be done to accomplish a project and meet the needs of the customer is an example of \t“\ufffd Question 6 Which of the following is NOT true in regard to the level of detail estimates should contain? \t“\ufffd Question 7 Jose is forecasting project time and cost for constructing a new building by multiplying the total square footage by a given dollar amount. Which of the following methods is he using? \t“\ufffd Question 8 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 \t“\ufffd Question 9 Which of the following is NOT one of the bottom-up approaches to estimating project time and cost? \t“\ufffd Question 10 Richard is collecting estimates for a house that he will have the funding to build in 12 months. Which of the following factors does Richard need to consider in regard to the quality of these estimates? \t“\ufffd Question 11 Which of the following top-down methods is used when projects closely follow past projects in regard to features and costs of those features, and result in costs being assigned by percentages to major segments of the project? \t“\ufffd Question 12 Which of the following is a good condition for bottom-up estimating? \t“\ufffd Question 13 What is the relationship between organizational culture and estimating? \t“\ufffd Question 14 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 \t“\ufffd Question 15 System documentation cannot end until three days after testing has started. This is an example of which kind of lag?\t“\ufffd Question 16 Which of the following will correctly calculate the total slack in an activity? \t“\ufffd Question 17 Which of the following is NOT one of the basic rules to follow when developing project networks?\t“\ufffd Question 18 When translated into a project network, a work package will become \t“\ufffd Question 19 Bill is building a project network that involves testing a prototype. He must design the prototype (activity 1), build the prototype (activity 2), and test the prototype (activity 3). Activity 1 is the predecessor for activity 2 and activity 2 is the predecessor for activity 3. If the prototype fails testing, Bill must redesign the prototype; therefore, activity 3 is a predecessor for activity 1. This is an example of \t“\ufffd Question 20 Which of the following correctly calculates the late start for an activity? \t“\ufffd Question 21 ________ activities must be completed immediately before a particular activity. \t“\ufffd Question 22 The backward pass in project network calculations determines all of the following EXCEPT\t“\ufffd Question 23 The critical path in a project network is the \t“\ufffd Question 24 Which of the following correctly calculates the early finish for an activity?\t“\ufffd Question 25 If a project has more than one activity that can begin when the project is to start, a common start node should be used to indicate a clear project beginning on the network. Without a common start node, each path is a \t\u00a0\tSet 2\t“\ufffd Question 1 The likelihood the original critical path(s) will change once the project is initiated is referred to as \t“\ufffd Question 2 Bill is building a project network that involves testing a prototype. He must design the prototype (activity 1), build the prototype (activity 2), and test the prototype (activity 3). Activity 1 is the predecessor for activity 2 and activity 2 is the predecessor for activity 3. If the prototype fails testing, Bill must redesign the prototype; therefore, activity 3 is a predecessor for activity 1. This is an example of \t“\ufffd Question 3 The assumption that all immediate preceding activities must be 100% complete is too restrictive in some situations. When an activity is broken down into smaller segments in order to start the succeeding activity sooner, this is called \t“\ufffd Question 4 The minimum amount of time a dependent activity must be delayed to begin or end is referred to as \t“\ufffd Question 5 Which of the following represents an activity on an activity-on-node (AON) project network? \t“\ufffd Question 6 ________ activities must be completed immediately before a particular activity. \t“\ufffd Question 7 If, for some reason, the project must be expedited to meet an earlier date, which of the following actions would the project manager take first? \t“\ufffd Question 8 Which of the following can be used without coordinating with managers of succeeding activities?\t“\ufffd Question 9 An activity that has more than one dependency arrow flowing into it is termed a(n) \t“\ufffd Question 10 A(n) _________ activity has more than one dependency arrow flowing from it. \t“\ufffd Question 11 Which of the following does NOT help describe a project network?\t“\ufffd Question 12 Arrows on an activity-on-node (AON) project network represent \t“\ufffd Question 13 Companies are using which of the following for improving the estimating process for future projects? \t“\ufffd Question 14 Which of the following describes the consensus method? \t“\ufffd Question 15 The process of forecasting or approximating the time and cost of completing project deliverables is called \t“\ufffd Question 16 What is the relationship between organizational culture and estimating? \t“\ufffd Question 17 Which of the following is a good condition for top-down estimating? \t“\ufffd Question 18 In practice, estimating processes are frequently classified as \t“\ufffd Question 19 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 \t“\ufffd Question 20 Refining estimates may be necessary for a number of reasons. For example, resource shortages, in the form of people, equipment, or materials, can extend original estimates. This is a good example of \t“\ufffd Question 21 Which of the following is NOT true in regard to the level of detail estimates should contain? \t“\ufffd Question 22 Which of the following top-down methods is used when projects closely follow past projects in regard to features and costs of those features, and result in costs being assigned by percentages to major segments of the project? \t“\ufffd Question 23 Rob is responsible for estimating a work package that has a significant amount of uncertainty associated with the time and cost to complete. Due to the uncertainty involved he will be making a low, an average and a high estimate. Rob is using which estimating approach?\t“\ufffd Question 24 Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that the projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing? \t“\ufffd Question 25 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<\/p>\n","protected":false},"excerpt":{"rendered":"
BUS 375 Midterm Exam Part 2 (2 Set) \u00a0 \u00a0 “\ufffd Question 1 Which of the following is NOT one of the recommended guidelines for developing useful work package estimates? . “\ufffd Question 2 Janet is forecasting how much money Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-204792","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/204792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=204792"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/204792\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=204792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=204792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=204792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}