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Correct Q11) Reasons why estimating time and cost are important include all of the following except:A . T o s c h e d u l e w o r k B. To determine how long the project should take and costC . T o d e v e l o p c a s h f l o w n e e d s D. To determine how well the project is progressingE. All of the above are valid reasons(your answer)Explanation:Larson & Gray Chapter 5 Page 127 Correct Q12) If you are developing a Project Management Plan, how should you determine the level of detail to beincluded in the plan?A. Always only provide a summary or high level planB. Provide the level of detail based on the project complexity and application area(your answer)C. Always provide the maximum level of detail possibleD. Include only the details your manager specifically requestedExplanation:The level of detail required in a Project Management Plan would vary by project andwould include only the details necessary for the project PMBOK Guide 4.2 Page 78 Correct Q13) Which of these is not an approved Estimate Activity Durations technique?A . Three Point EstimatingB. Parametric EstimatingC. A n a l o g o u s E s t i m a t i n g D . C r i t i c a l P a t h Es t i ma t i o n( yo u r a n s we r ) Explanation:Analogous, parametric, and three-point estimating techniques are all accepted practicesfor determining the correct amount of time required for a portion of the project Correct Q14) If you are working on a project where there is no definite project detailed scope, but similar projectshave been completed in the past, what is the correct estimating technique to use?A . An a l o g o u s Es t i ma t i n g ( yo u r a n s we r ) B . P a r a m e t r i c E s t i m a t i n g C . C r i t i c a l P a t h Es t i ma t i o nD . C r i t i c a l P a t h Es t i ma t i o n Explanation:Analogous estimation relies on comparing a project to previous such projects that weresimilar in nature.

Correct Q15) The accuracy of estimates can be improved by considering the amount of risk in the originalestimate. The tree types of estimates on which three-point estimates are based are:A . B u d g e t a r y, B a l l p a r k, Or d e r o f M a g n i t u d e B. Best case scenario, Expected scenario and current scenarioC . M o s t l i k e l y, l i k e l y, u n l i k e l y D. Most likely, optimistic, pessimistic(your answer)Explanation:The accuracy of estimates can be improved by considering the amount of risk in theoriginal estimate. The three types of estimates on which three-point estimates are based are: Mostlikely, Optimistic, and Pessimistic. An Activity Duration can be created using a value derived fromthese three estimated durations. Correct Q16) Martin is the project manager of a project that is in an early phase. He needs to estimate costs butfinds that he has a limited amount of detailed informaiton about the project. Which of the followingestimation techniques would be least suited to his requirements.A . T o p - d o w n E s t i m a t i n g B . B o t t o m - u p E s t i ma t i n g ( yo u r a n s we r ) C . A n a l o g o u s E s t i m a t i n g D . B u d g e t a r y E s t i m a t i n g Explanation:Bottom-up estimating is a technique that can be applied only when there is a largeamount of detail available to the project manager. Correct Q17) An estimating technique that uses a statistical relationship between historical data and other variables(for example, square footage in constructions, lines of code in software development) is known as:A. P a r a me t r i c Es t i ma t i n g ( yo u r a n s we r ) B . A n a l o g o u s E s t i m a t i n g C . B o t t o m - u p E s t i m a t i n g D . H i s t o r i c a l A n a l y s i s Explanation:This technique is known as Parametric Estimating and can produce higher levels ofaccuracy depending on the sophistication, as well as the underlying resource quantity and cost databuilt into the model. Correct Q18) Lucy is the project manager involved in Estimate Costs process in the initiation phase of a project.Given the limited detail available to her, what would you expect the range of her estimate to be andwhat would you call such an estimate?A . - 2 0 t o + 2 5 %, Or d e r o f M a g n i t u d e B . - 1 0 t o + 1 0 % , B u d g e t a r y C . - 1 t o + 1 % , D e f i n i t i v e D. -50 to +50%, Rough Order of Magnitude(your answer)Explanation:During the initial stages of the project, the level of information available will be limited.Hence the Rough Order of

Magnitude (ROM) estimate is usually prepared and has an accuracy rangeof -50 to +50%. Practice Standard for Project Estimating Chapter 2 Page 12 Correct Q19) Which of the following are the factors used for three-point estimates?A. High probability, Low probability, Most likelyB. Most likely, Optimistic, Pessimistic(your answer)C . B e s t - c a s e , Wo r s t - c a s e , M e a n D . M o s t l i k e , M o s t d a n g e r o u s , a v e r a g e Explanation:Most likely, optimistic, and pessimistic are factors used for three-point estimates. Correct Q20) John, a project manger, for Code Crashers, Inc. has been assigned a project where he must lead agroup of inexperienced programmers in developing a software package that creates Material SafetyData Sheets (MSDS) for a chemical company. This is very similar to a project that his colleague,Peter, worked on in 2006, with some junior programmers. If John needs to come up with a roughorder of magnitude estimate, what tool or technique should he use?A . P a r a m e t r i c EstimatingB. Bottom Up EstimatingC. Three -point E s t i m a t e D . An a l o g o u s Es t i ma t i n g( yo u r a n s we r ) Explanation:Analogous estimating is the correct choice. This technique relies on parameters from asimilar previous project and is a gross value estimating approach. It is also generally less accurate.PMBOK Guide 171-172 Correct Q21) You have run away and joined the carnival as a project manager and are in charge of constructing theFerris wheel in each town the carnival visits. However, this is something you have never done beforeand you are getting different opinions from others on how long it takes. Joe, is new and has givenyou what you believe to be an optimistic estimate of 3 hours, Bill says it will take 10 hours, whichseems too long to you and quite pessimistic. Lastly, Margie, who is the most experienced at this taskis telling you it will take 8 hours. You are not sure who to believe, so you decide to do a PERTestimation, based on this you have determined it will take how many hours to assemble the Ferriswheel. A. 7.5 hours(your answer)B . 8 h o u r s C . 2 1 h o u r s D . 7 h o u r s Explanation:The PERT formula is Estimate = (Optimistic + (Most likely *4) + Pessimistic) / 6 Correct Q22) The transition from one phase to another within a projects life cycle (e.g., design to manufacturing) istypically marked by:A . T e c h n i c a l t r a n s f e r o r h a n d - o f f ( yo u r a n s we r ) B . D e l i v e r a b l e s C . M i l e s t o n e s D . R e v i e w s Explanation:The transition from one phase to another within a

project's life-cycle generally involves,and is usually defined by, some form of technical transfer or hand-off. PMBOK Guide Page 19 Correct Q23) A company that designs and manufactures a series of new bicycles each year may manage the effortmore efficiently how?A. As s e p a r a t e d e s i g n a n d e n g i n e e r i n g p r o je c t s B . A s s e p a r a t e U P C c o d e s C . A s a p r o g r a m ( y o u r a n s w e r ) D. As i n d e p e n d e n t p r o d u c t l i n e s Explanation:A program is a group of related projects managed in a coordinated way to obtain benefitsand control not available from managing them individually. PMBOK Guide Page 9 Correct Q24) Ongoing operations and a project both have Initiating Process, but only a project has _________.A . P l a n n i n g P r o c e s s e s B . C l o s in g P r o c e s s e s ( yo u r a n s we r ) C . C o n t r o l l i n g P r o c e s s i n g D . E x e c u t i n g P r o c e s s e s Explanation:A project is a finite effort; the Initiating Process Group starts the cycle, and the closingProcess Group ends the cycle. PMBOK Guide Page 39 Correct Q25) Which of the following are enterprise environmental factors influence a projects success:A . S t a k e h o l d e r r i s k t o l e r a n c e s B . P o l i t i c a l c l i m a t e C . M a r k e t p l a c e c o n d i t i o n s D . Al l o f t h e c h o i c e s a r e c o r r e c t ( yo u r a n sw e r ) Explanation:All the three listed factors are enterprise environmental factors that influence a project'ssuccess. Enterprise environmental factors may enhance or constrain project management options.Project Management Framework Correct Q26) Estimating the type and quantities of material, people, equipment or supplies required to perform eachactivity is:A . Es t i ma t e Ac t i v i t y W o r k l o a d B . E s t i m a t e A c t i v i t y I n p u t C . Ac t i v i t y R e s o u r c e R e q u i r e me n t s D . E s t i ma t e Ac t i v i ty R e s o u r c e s ( yo u r a n s w e r ) Explanation:Estimate Activity Resources is the process of estimating the type and quantities ofmaterial, people, equipment or supplies required to perform each activity. PMBOK Guide 6.3 Correct Q27) ______________ means developing in steps and continuing increments.A . Progressive managementB. Iterative elaborationC. W a t e r f a l l d e v e l o p m e n t D . P r o g r e s s i v e e l a b o r a t i on ( yo u r a n s we r ) Explanation:Progressive elaboration is a characteristic of projects that

allows a project managementteam to manage it to a greater level as the project evolves. PMBOK Guide Page 7 Correct Q28) Defining the requirements for a new product is what type of activity?A. I n i t i a t i n g p r o c e s s g r o u p ( yo u r a n s w e r ) B . P l a n n i n g p r o c e s s C . S c o p e m a n a g e m e n t p r o c e s s D . C o n t r o l p r o c e s s Explanation:The Initiating process group consists of the processes performed to define a new projector a new phase of an existing project by obtaining authorization to start the project of phase. PMBOKGuide Page 44 MGT6153.E1 Summer 2012 Multiple-Choice Exercise 1 - Answer Key Add To Collection 1.0K Reads 17 Readcasts 0 Embed Views

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Copyright 2012 Scribd Inc. Language: English Searching for martin is the project manager of a pro...? Top Answers Only certified information for martin is the project manager of a project that is in an early phase. he needs to estimate costs but. Get the... answers.nixxie.com Click here