Project Management Plan Schedule - D2

In a project management plan, what is the purpose of the schedule?

• • To identify and mitigate project risks

• • To define and communicate specific, measurable, achievable, relevant, and time-bound goals and objectives

• • To outline the specific tasks, milestones, and deadlines for completing the project

• • To allocate resources and assign tasks to team members

Answer explanation

In a project management plan, the schedule is a critical component that outlines the specific tasks, milestones, and deadlines for completing the project.

It is a visual representation of the project, usually in the form of a Gantt chart or network diagram, which shows the dependencies between tasks and the critical path of the project.

Which of the following best describes the application of the critical path method (CPM)?

• • A tool used to identify and mitigate project risks

• • A method for tracking and managing project costs

• • A technique for identifying the sequence of project tasks that must be completed on time in order for the project to be completed on schedule

• • A method for allocating resources and assigning tasks to team members

Answer explanation

CPM is a project management technique used to identify the sequence of project tasks that must be completed on time for the project to be completed on schedule.

It involves analyzing the dependencies between tasks and determining the longest path of tasks, called the critical path, that must be completed on time for the project to be completed on schedule.

Which of the following tasks is considered to be a defining (really important) task in project management?

• • Marketing and advertising the project results

• • Managing and allocating project resources

• • Conducting project risk analysis

• • Planning employee vacation schedules

Answer explanation

Managing and allocating project resources is considered a defining task in project management because it is a crucial task that helps ensure the successful completion of a project.

Allocating the right resources, such as personnel, equipment, and materials, to the right tasks at the right time is essential for keeping a project on schedule and within budget.

Which of the following methods is considered to be the most accurate for estimating the duration of tasks in project management?

• • Three-point estimation

• • Expert judgment

• • Analogous estimation

• • Bottom-up estimation

Answer explanation

Bottom-up estimation is considered to be the most accurate method for estimating the duration of tasks in project management.

This method involves breaking down the project into smaller, more manageable tasks, and then estimating the duration of each individual task.

Time consuming...

Which of the following is NOT a tool or technique used for identifying dependencies between tasks in project management?

• • Network diagrams

• • Predecessor and successor tables

• • Gantt charts

• • Surveying team members

Answer explanation

Surveying team members is not a tool or technique used for identifying dependencies between tasks in project management.

Surveying team members is a method to gather information and feedback from team members, but it is not directly used to identify dependencies between tasks.

Which of the following is NOT a characteristic of the critical path?

• • It is the longest path through the project network

• • It has the least amount of total float

• • It has the least amount of free float

• • It is the shortest path through the project network

Answer explanation

The critical path is the longest path in a project network diagram.

It is the sequence of tasks that must be completed on time for the project to be completed on schedule.

It has the least amount of total float, which is the amount of time a task can be delayed without delaying the completion of the project.

And the least amount of free float, which is the amount of time a task can be delayed without delaying the start of its successor task.

Schedule Variance (SV) is calculated by:

• • Subtracting the planned value from the earned value (EV - PV)

• • Subtracting the earned value from the planned value (PV - EV)

• • Subtracting the actual cost from the planned cost (PC - AC)

• • Subtracting the planned cost from the actual cost (AC - PC)

Answer explanation

Schedule Variance (SV) is a measure used to assess the performance of a project schedule.

It is calculated by subtracting the Planned Value (PV) from the Earned Value (EV)

In a Work Breakdown Structure (WBS), what is the lowest level of the hierarchy referred to as?

• • Deliverable

• • Work package

• • Project

• • Task

Answer explanation

A Work Breakdown Structure (WBS) is a hierarchical decomposition of a project into smaller, more manageable components.

The lowest level of the WBS hierarchy is referred to as a "work package."

This is the most specific and detailed level of the project, representing a distinct component of the project that can be planned, executed, and controlled.

Which of the following is NOT a key component of a quality management plan?

• • Employee training program

• • Procurement management

• • Risk management

• • Quality control procedures

Answer explanation

A quality management plan is a document that outlines the processes, procedures, and standards that will be used to ensure the successful completion of a project and meet the expectations of the stakeholders.

Which of the following is NOT a key responsibility of the project manager regarding integration management?

• • Developing the project charter

• • Managing the project budget

• • Managing the project team's performance evaluations

• • Identifying and managing project dependencies

Answer explanation

Integration management is the process of coordinating all the various aspects of a project to ensure that it meets the goals and objectives of the project.

While managing the project team's performance evaluations is a good practice for having a high-performing team, it is not directly related to the integration management process, but usually falls under human resource management.