BUSI 313 Week 6 Quiz

Responses to all identifiable risks should be a top priority for the project manager.

When considering risk value, the lower the value, the higher the level of risk.

The initial step in the risk management process is to

Most changes on a project are related to

One common mistake made early in the risk identification process is to

Which of the following is NOT one of the steps in the risk management process?

The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented is known as

Although most risks are presented as something not desirable, there can also be desirable risks called Opportunities.

If a project needs one earth mover six months from now in order to complete one activity, and the organization has four such machines, there is no equipment resource constraint.

All of the following are types of resource constraints EXCEPT

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

A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000. Which of the following is true?

Resource leveling or smoothing is only used on projects which are resource constrained.

Since resource leveling or smoothing delays noncritical activities, a common result is a decrease in network sensitivity.

The fact that you must pour foundation before you frame the house and that you have to frame the house before you can put on the roof demonstrates scheduling constraints.

A special truck that George needs on his project has been scheduled on another project. This is an example of what type of resource constraint?

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

When it is necessary to reduce project duration and resources are constrained, which of the following is NOT a reasonable option?

As a project is crashed and project duration is reduced, direct costs typically

One way of reducing project costs is identifying tasks that _________ can do themselves.

All of the following are disadvantages of scheduling overtime EXCEPT

The relationship between the normal point and the crash point is assumed to be

The higher the cost slope of an activity the lower the cost to reduce its duration.

Sometimes very high __________ costs are recognized before a project begins and reducing these costs through shorter project durations becomes a high priority.

Because direct costs are assumed to be developed from "normal" methods and in a "normal" amount of time, any reduction in activity time should add to the costs of the activity.