John is the project manager for his organization. Management has asked John to fast track his project in order to reach a particular date for the project completion. When John fast tracks the project what project management component must be updated to reflect this decision? Choose the best answer.
Answer(s): D
Fast tracking allows phases of the project to overlap and increases risk for the project. When new risks are introduced into the project theyshould be recorded in the risk register.Risk register is a document that contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning.Description, category, cause, probability of occurring, impact on objectives, proposed responses, owner, and the current status of all identifiedrisks are put in the risk register.Answer option B is incorrect. The costs do not change because of the new fast tracking requirement. Answer option C is incorrect. Resource calendars show the availability of project resources. Answer option A is incorrect. Organizational process assets are updated as a result of updating the risk register when you consider that therisk register will become part of the organizational process assets. However, this is not the best answer for this question.
You are the project manager of the NHQ Project and are trying to determine which seller you shouldchoose for the project. You have received proposals from six vendors and they are all very good proposal, qualified to complete the project work, and the prices are close to the same. You would like to create method of ranking each vendor based and assign a score value to several different categories. Because the project is a high-profile project, you have assigned 25 points to experience and 10 points for all of the other categories to judge the vendors. This is considered what type of source selection process?
This is an example of a weighting system as the values you're measuring are weighted towards experience.Answer option B is incorrect. A preferred vendors list describes the vendors you're allowed to choose from in the organization.Answer option A is incorrect. A screening system sets qualifiers in place, such as the vendor must have a PMP on staff, in order to qualify forthe project.Answer option C is incorrect. The benefits-cost analysis defines the total number of benefits to the number of costs the project requires. .
Frank is the project manager in BlueWell Inc. He is working with his project to subdivide the project work packages into smaller, more manageable components. He and the project team are planning in detail all of the things the team will need to create, purchase, or do in order to satisfy the project scope. Management is concerned with the activity which Frank is using in this scenario, as they believe that Frank is taking too long to complete this pre-execution activity. Which of the following techniques of the activity process is Frank using in this example?
This is an example of decomposition. Frank and the project team are subdividing the work packages into smaller, more manageable unitscalled activities.The tools and techniques used in defining the activity process are as follows:Decomposition: It is used to further divide the project work package into a more smaller and convenient form called activities.Rolling Wave Planning: It is a form of progressive elaboration planning where the work to beaccomplished in the near term is plannedin detail and future work is planned at a higher level of WBS. Templates: It is an activity list or a part of the activity list taken from the previous project and used in a new project.Expert Judgement: The skilled members in a project team or other experts who develop project scope statements can help provideknowledge in defining activities.
Kelly is the project manager of her organization. She is reviewing the project network diagram to confirm that the resource she has identified is available to complete the project assignments without conflicting with other activities in the project node. The availability of resources will help Kelly determine the final finish date for the project. What scheduling technique is Kelly using?
Answer(s): A
The Critical Chain method examines the availability of project resources to determine when the resource may be utilized without conflictingwith other activities.The Critical Chain method is a project management technique in which schedule network analysis is used for the purpose of modifying anddetermining a set of project schedules to account for more inadequate than estimated project financial resources. This method tends to keepthe resources levelly loaded, but requires the resources to be flexible in their start times and to quickly switch between tasks and task chainsto keep the whole project on schedule. In the Critical Chain method, projects are completed more rapidly and with better schedulingconsistency.Answer option C is incorrect. The Critical Path method examines the duration of the critical path to determine the finish date for the project. Itdoes not consider when project activities are available. Answer option B is incorrect. Resource utilization simply means that the resource is scheduled for work.Answer option D is incorrect. A resource leveling heuristic is a guideline, such as a maximum of 35 hours per week, per resource. It is a rulethat usually signals the maximum amount of hours a resource may be utilized on the project.
Mary is the project manager for her organization. She is working with the project team to define the project activities. She is concerned about some of the dependencies of the project work, which may affect the project schedule. Which one of the following is the best example of a project constraint that will likely affect the project's ability to finish by a given deadline?
Answer(s): C
Of all the constraints listed only this is an external dependency, which can directly affect the project manager's control over the project work.If the BGH company is late delivering the software portion of the project, it will likely have an effect on the project's ability to complete theproject on time.Answer option B is incorrect. While regulations may affect the project timing, this is not the best choice.Answer option D is incorrect. The $1,250,000 is an example of cost constraint. Answer option A is incorrect. This is only constraint if the project team members are not available, or do not have the required skills tocomplete the project work.
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