Project Management final quiz

What are the three project constraints (objectives)? (type with small letters only) Time, cost and ?

What are project milestones?

• Zero duration tasks

• Client presentations

• Project team meetings

• Risk management planning

WBS stands for (small letters only)

Define critical path?

• The shortest path between the project start and finish

• The longest path between the project start and finish

• A listing of the most critical (important) activities in the project

• Tasks in the project that have only a few days of slack

When you want to do a project faster than planned and outsource some of the tasks to an external company to be done simultaneously, instead of the original plan; one after another,

• Fast tracking

• Project crashing

• Scope re-definition

• Budget reduction

1.    Earned value management: Your project has a budget of

10 000 chf and it is planned to last for 10 months. 4 months later, you notice you have spent 8 000chf and have finished 40% of the work. What is the earned value (EV)?

Earned value management: Your project has a budget of 10 000 chf and it is planned to last for 10 months. 4 months later, you notice you have spent 8 000chf and have finished 40% of the work. What is the actual cost (AC)?

What is the critical path in here?

• Activity 1, 2

• Activity 1, 5

• Activity 3, 4, 5

• Activity 1, 2, 3, 4, 5

What is the slack for activity 2?

• 0

• 1

• 2

• 3

What are the milestones in here?

• Start and end

• Activities 1 and 5

• Activity 1

• Activity 5