BUSI 313 Week 6 Quiz

The implications of an identified change need to be assessed by:

The chances of a risk event occurring as a project proceeds through its life cycle tend to

If, during risk response development, you successfully identify how you will respond to a risk, contingency planning is unnecessary.

This response is used to remove any uncertainly associated with an identified Opportunity.

The project being delayed is an example of a major risk that should be assessed.

Risks that can result in a system or process that will not work are known as

Opportunities identified within a project are treated very differently from risks.

Risks are evaluated in terms of

Comparing Planned Costs versus Actual Costs will give the project manager a quick understanding of the status of the project.

While balancing assignments, a project manager must also balance:

In a resource-constrained project the second priority in assigning resources is usually given to activities with the

Having individual staff members assigned to multiple simultaneous tasks is an efficient way to split tasks and get tasks accomplished more efficiently.

Which of the following is NOT a potential consequence of failing to identify limited resources before project implementation?

All of the following are benefits of scheduling resources before project implementation EXCEPT

When deciding which staff to team-up to work on work packages, factors to consider are:

Scheduling projects classified as resource-constrained focuses on completing the project as soon as possible under the given resource constraints.

Rachel is working on a project that technically allows three activities to be done at the same time. If they were to be implemented at the same time, she would need 5 contractors in order for the activities to be completed on time. There are only 3 available for her to use. This is an example of what type of constraint?

When adding resources, there are limits as to how much speed can be gained.

Making the decision to crash is the result of careful fiscal analysis and deep understanding of the project.

Compressing activities on a project with a sensitive project network will:

Total cost for specific project durations is computed and then compared with the benefits of reducing project time, before the project begins or while it is in progress.

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.

When a project manager must reduce project duration but resources are constrained, creating a software program that will have fewer features than originally planned or building a house without the bonus room the owner originally specified in the plans would both be examples of

Cost slope can be determined by dividing the

Reducing project duration