Which of the following is the MOST valuable result of creating the work breakdown structure? A. List of risks B. List of activities C. Milestones charts D. Team buy-in E. Resource requirements

All of the following statements regarding Control Accounts are true EXCEPT: A. Each Control Account contains one or more work packages and planning packages B. Each work package/ planning package may be associated with multiple control account C. Control accounts…

You are in the process of identifying and documenting project risks. Which of the following is the LEAST helpful tool/ technique? A. Root cause analysis B. Risk audits C. SWOT analysis D. Influence diagrams E. Cause and effect diagrams

You are using the three-point estimating technique to estimate the duration of a schedule activity. Which of the following is the correct formula for calculating variance assuming a triangular distribution? A. (pessimistic + optimistic + most likely )/3 B. ((optimistic-pessimistic)/6)^2…

What is the lowest level in a WBS called? A. Work package B. Work unit C. Project task D. Work activity E. Work task

You are the project manager at a utility company. Due to the recent rise in the cost of petroleum, your organization is exploring cheaper, alternative forms of energy. You have just completed the project Scope Planning process and created the…

You are in the process of establishing a total cost baseline for measuring project performance. Which of the following is the LEAST helpful tool/ technique? A. Parametric estimating B. Cost aggregation C. Forecasting D. Reserve analysis E. Funding limit reconciliation

You have been recently assigned to provide an accurate project schedule for constructing a new 50-story casino in Las Vegas, Nevada. You are evaluating the network diagram for the construction project, and are in the process of identifying the critical…

The risk management plan is a subset of the project management plan and describes how risk management should be performed. All of the following should be included in the risk management plan EXCEPT: A. Stakeholders tolerance, reporting formats B. Methodology,…

Which of the following statements are FALSE? A. Funding limit aggregation is used to ensure that the expenditure of funds is reconciled with the funding limits imposed by the performing organization B. Cost aggregation and parametric estimation is a tool/…