BUS 4107. Project management, H.R. Mid Term review Quiz.

	Pop Quiz Schedule and Estimates
	Question	Your Answer
!	Your Name?
2.	On which document would you put milestone symbols?		GANTT
3.	Benchmarks set s………for the project?		Standards
4.	What is the relationship of budget to scope?		Controls scope creep
5.	In which document do you find most of the rules for the project?		Statement of Work. S.O.W
6.	Which document helps most to control successful completion?		Schedule
7.	On which document/s would you include the people who can influence the project?		Charter, S.O.W. Responsibility Matrix
8.	When making up task list what if the name of what comes before the next task?		Predecessor
9.	Who has expert knowledge of how the task is done-management or team member?		Team Member for detailed estimates. Management for Ball Park, top down estimates.
10.	Is it possible to “Do” a Summary task item on a WBS?		No it is a heading, name of a grouping of related tasks.
11.	Before we can schedule work packages (WBS) what must we look for between them-one word begins with R?		Relationships
12.	On which document do we make a forward pass?		Network diagram/PERT chart.
13.	Why would you make a backward pass?		To calculate float (slack).
14.	What does EF and LS stand for on a PERT diagram?		Earliest Start, Latest Finish
15.	Give three reasons for estimates and budgeting?		T o have a baseline, measure progress, control costs.
16.	Would you star the project with a big picture cost estimate or wait till you have completed the work package details?		Big picture, Ball Park. Order of Magnitude
17.	Accuracy (estimating) if we don’t have time or resources to estimate what method would we uses?		Ball Park
18.	Accuracy: If a project is twice as big as the previous one what estimate method would we use?		Rough Order of Magnitude
19.	Detailed estimates are called or use what method?		Bottom up
20.	Which additional estimating techniques do we use for one cycle of the project?		Phasing
21.	If apportioning (top down) is used does it consider the whole project cost first?		Yes. Apportioning
22.	If we knew the number of guests at a wedding and the cost per plate we would use the P……..method of estimating?		Parametric
23.	Who has the best knowledge to estimate?		Team members- workers
24.	When budgets go back and forth between upper management and team members what id the process called? Begins with “I.”		Iteration
25.	Give one advantage of top down budgeting/estimating?		Quick approval. Industry knowledge
	Give one advantage of bottom up budgeting/estimating?		Accuracy. Realistic. Good morale builder.
27.	Give one reason for proceeding with an unprofitable project?		All non numeric reasons. Cow, prestige, necessity
28.	What might happen if we overestimate a project?		Might lose contract or client or our creditability
29.	Do learning curves only influence the early stages of the project?		No. Learning is always taking place.
30.	Where might we find data on previous project spending?		Data bases. Records. Team members.