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Question 1 of 30
1. Question
Which among the following is not true for resource calendars?
Correct
A resource calendar is a calendar that identifies the working days and shifts on which each specific resource is available. Information on which resources are potentially available during a planned activity period, is used for estimating resource utilization. Resource calendars specify when and how long identified project resources will be available during the project. This information may be at the activity or project level. This knowledge includes consideration of attributes such as resource experience and/or skill level, as well as various geographical locations from which the resources originate and when they may be available.
Incorrect
A resource calendar is a calendar that identifies the working days and shifts on which each specific resource is available. Information on which resources are potentially available during a planned activity period, is used for estimating resource utilization. Resource calendars specify when and how long identified project resources will be available during the project. This information may be at the activity or project level. This knowledge includes consideration of attributes such as resource experience and/or skill level, as well as various geographical locations from which the resources originate and when they may be available.
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Question 2 of 30
2. Question
You work in the human resource department in a firm and have been assigned the task of helping a certain project manager in estimating the activity resources. Which among the following are the tools and techniques used in estimate activity resources process?
Correct
Estimate Activity Resources: Tools and Techniques
1. Expert Judgment
2. Alternative Analysis
3. Published Estimating Data
4. Bottom-Up Estimating
5. Project Management SoftwareIncorrect
Estimate Activity Resources: Tools and Techniques
1. Expert Judgment
2. Alternative Analysis
3. Published Estimating Data
4. Bottom-Up Estimating
5. Project Management Software -
Question 3 of 30
3. Question
You work as a project manager in a firm and have been assigned the task of estimating the activity resources. You have decided to use bottom-up estimation approach for this task. Which among the following defines bottom-up estimation?
Correct
Bottom-up estimating is a method of estimating project duration or cost by aggregating the estimates of the lower-level components of the WBS. When an activity cannot be estimated with a reasonable degree of confidence, the work within the activity is decomposed into more detail. The resource needs are estimated. These estimates are then aggregated into a total quantity for each of the activity’s resources.
Incorrect
Bottom-up estimating is a method of estimating project duration or cost by aggregating the estimates of the lower-level components of the WBS. When an activity cannot be estimated with a reasonable degree of confidence, the work within the activity is decomposed into more detail. The resource needs are estimated. These estimates are then aggregated into a total quantity for each of the activity’s resources.
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Question 4 of 30
4. Question
Which among the following defines project management software?
Correct
Project management software, such as a scheduling software tool, has the capability to help plan, organize, and manage resource pools and develop resource estimates. Depending on the sophistication of the software, resource breakdown structures, resource availability, resource rates, and various resource calendars can be defined to assist in optimizing resource utilization.
Incorrect
Project management software, such as a scheduling software tool, has the capability to help plan, organize, and manage resource pools and develop resource estimates. Depending on the sophistication of the software, resource breakdown structures, resource availability, resource rates, and various resource calendars can be defined to assist in optimizing resource utilization.
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Question 5 of 30
5. Question
You are a project manager in your firm and are well aware of the various inputs and outputs of the activity resources estimation process. Which among the following is not an output of estimate activity resources process?
Correct
Estimate Activity Resources: Outputs
1. Activity Resource Requirements
2. Resource Breakdown Structure
3. Project Documents UpdatesIncorrect
Estimate Activity Resources: Outputs
1. Activity Resource Requirements
2. Resource Breakdown Structure
3. Project Documents Updates -
Question 6 of 30
6. Question
Which among the following defines the activity resource resource requirements?
Correct
Activity resource requirements identify the types and quantities of resources required for each activity in a work package. These requirements then can be aggregated to determine the estimated resources for each work package and each work period.
Incorrect
Activity resource requirements identify the types and quantities of resources required for each activity in a work package. These requirements then can be aggregated to determine the estimated resources for each work package and each work period.
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Question 7 of 30
7. Question
You are a project manager in your firm and are well aware of the various inputs and outputs of the activity resources estimation process. Which among the following is defines resource breakdown structure?
Correct
The resource breakdown structure is a hierarchical representation of resources by category and type. Resource types may include the skill level, grade level, or other information as appropriate to the project. The resource breakdown structure is useful for organizing and reporting project schedule data with resource utilization information.
Incorrect
The resource breakdown structure is a hierarchical representation of resources by category and type. Resource types may include the skill level, grade level, or other information as appropriate to the project. The resource breakdown structure is useful for organizing and reporting project schedule data with resource utilization information.
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Question 8 of 30
8. Question
Which among the following is not a document that is updated as the output of the estimate activity resource?
Correct
Project documents that may be updated include:
• Activity list,
• Activity attributes, and
• Resource calendars.Incorrect
Project documents that may be updated include:
• Activity list,
• Activity attributes, and
• Resource calendars. -
Question 9 of 30
9. Question
You are a project manager in a firm and have been currently asked to estimate the duration for the activities to be performed. Which among the following defines the estimate activity durations process?
Correct
Estimate Activity Durations is the process of estimating the number of work periods needed to complete individual activities with estimated resources. The key benefit of this process is that it provides the amount of time each activity will take to complete, which is a major input into the Develop Schedule process.
Incorrect
Estimate Activity Durations is the process of estimating the number of work periods needed to complete individual activities with estimated resources. The key benefit of this process is that it provides the amount of time each activity will take to complete, which is a major input into the Develop Schedule process.
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Question 10 of 30
10. Question
You are a project manager in a firm and have been currently asked to estimate the duration for the activities to be performed. Which among the following is not true for estimate activity durations process?
Correct
Estimate Activity Durations is the process of estimating the number of work periods needed to complete individual activities with estimated resources. The key benefit of this process is that it provides the amount of time each activity will take to complete, which is a major input into the Develop Schedule process.The Estimate Activity Durations process requires an estimation of the amount of work effort required to complete the activity and the amount of available resources estimated to complete the activity. These estimates are used to approximate the number of work periods (activity duration) needed to complete the activity using the appropriate project and resource calendars.
Incorrect
Estimate Activity Durations is the process of estimating the number of work periods needed to complete individual activities with estimated resources. The key benefit of this process is that it provides the amount of time each activity will take to complete, which is a major input into the Develop Schedule process.The Estimate Activity Durations process requires an estimation of the amount of work effort required to complete the activity and the amount of available resources estimated to complete the activity. These estimates are used to approximate the number of work periods (activity duration) needed to complete the activity using the appropriate project and resource calendars.
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Question 11 of 30
11. Question
Which among the following is not an input to the estimate activity durations process?
Correct
Estimate Activity Durations: Inputs
1. Schedule Management Plan
2. Activity List
3. Activity Attributes
4. Activity Resource Requirements
5. Resource Calendars
6. Project Scope Statement
7. Risk Register
8. Resource Breakdown Structure
9. Enterprise Environmental Factors
10. Organizational Process AssetsIncorrect
Estimate Activity Durations: Inputs
1. Schedule Management Plan
2. Activity List
3. Activity Attributes
4. Activity Resource Requirements
5. Resource Calendars
6. Project Scope Statement
7. Risk Register
8. Resource Breakdown Structure
9. Enterprise Environmental Factors
10. Organizational Process Assets -
Question 12 of 30
12. Question
Which among the following is not an assumption present in the project scope statement that is considered when estimation the activity durations?
Correct
The assumptions and constraints from the project scope statement are considered when estimating the activity durations. Examples of assumptions include:
• Existing conditions,
• Availability of information, and
• Length of the reporting periods.Incorrect
The assumptions and constraints from the project scope statement are considered when estimating the activity durations. Examples of assumptions include:
• Existing conditions,
• Availability of information, and
• Length of the reporting periods. -
Question 13 of 30
13. Question
You are a project manager in your firm and are well aware of the various inputs and outputs of the estimate activity durations process. Which among the following is not an enterprise environmental factor that may influence the estimate activity durations process?
Correct
The enterprise environmental factors that can influence the Estimate Activity Durations process include:
• Duration estimating databases and other reference data,
• Productivity metrics,
• Published commercial information, and
• Location of team members.Incorrect
The enterprise environmental factors that can influence the Estimate Activity Durations process include:
• Duration estimating databases and other reference data,
• Productivity metrics,
• Published commercial information, and
• Location of team members. -
Question 14 of 30
14. Question
You are a project manager in your firm and are well aware of the various inputs and outputs of the estimate activity durations process. Which among the following is not among organizational process assets that may influence the estimate activity durations process?
Correct
The organizational process assets that can influence the Estimate Activity Durations process include:
• Historical duration information,
• Project calendars,
• Scheduling methodology, and
• Lessons learned.Incorrect
The organizational process assets that can influence the Estimate Activity Durations process include:
• Historical duration information,
• Project calendars,
• Scheduling methodology, and
• Lessons learned. -
Question 15 of 30
15. Question
Which of the following is not among the tools and techniques used in estimating activity durations?
Correct
Estimate Activity Durations: Tools and Techniques
1. Expert Judgment
2. Analogous Estimating
3. Parametric Estimating
4. Three-Point Estimating
5. Group Decision-Making Techniques
6. Reserve AnalysisIncorrect
Estimate Activity Durations: Tools and Techniques
1. Expert Judgment
2. Analogous Estimating
3. Parametric Estimating
4. Three-Point Estimating
5. Group Decision-Making Techniques
6. Reserve Analysis -
Question 16 of 30
16. Question
You are a project manager who is currently in the process of estimating the activity durations of your project. Which among the following defines and describes analogous estimation, a techniques used in the estimate activity durations process?
Correct
Analogous estimating is a technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Analogous estimating uses parameters from a previous, similar project, such as duration, budget, size, weight, and complexity, as the basis for estimating the same parameter or measure for a future project.
Incorrect
Analogous estimating is a technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Analogous estimating uses parameters from a previous, similar project, such as duration, budget, size, weight, and complexity, as the basis for estimating the same parameter or measure for a future project.
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Question 17 of 30
17. Question
Which among the following is not true for analogous estimation?
Correct
Analogous estimating is a technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Analogous estimating uses parameters from a previous, similar project, such as duration, budget, size, weight, and complexity, as the basis for estimating the same parameter or measure for a future project. When estimating durations, this technique relies on the actual duration of previous, similar projects as the basis for estimating the duration of the current project.Analogous estimating is generally less costly and less time consuming than other techniques, but it is also less accurate. Analogous duration estimates can be applied to a total project or to segments of a project and may
be used in conjunction with other estimating methods.Incorrect
Analogous estimating is a technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Analogous estimating uses parameters from a previous, similar project, such as duration, budget, size, weight, and complexity, as the basis for estimating the same parameter or measure for a future project. When estimating durations, this technique relies on the actual duration of previous, similar projects as the basis for estimating the duration of the current project.Analogous estimating is generally less costly and less time consuming than other techniques, but it is also less accurate. Analogous duration estimates can be applied to a total project or to segments of a project and may
be used in conjunction with other estimating methods. -
Question 18 of 30
18. Question
You are a project manager who is currently in the process of estimating the activity durations of your project. Which among the following defines and describes parametric estimation, a techniques used in the estimate activity durations process?
Correct
Parametric estimating is an estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters. Parametric estimating uses a statistical relationship between historical data and other variables (e.g., square footage in construction) to calculate an estimate for activity parameters, such as cost, budget, and duration.
Incorrect
Parametric estimating is an estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters. Parametric estimating uses a statistical relationship between historical data and other variables (e.g., square footage in construction) to calculate an estimate for activity parameters, such as cost, budget, and duration.
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Question 19 of 30
19. Question
Which among the following is not true for parametric estimation?
Correct
Parametric estimating is an estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters. Parametric estimating uses a statistical relationship between historical data and other variables (e.g., square footage in construction) to calculate an estimate for activity parameters, such as cost, budget, and duration.This technique can produce higher levels of accuracy depending upon the sophistication and underlying data built into the model. Parametric time estimates can be applied to a total project or to segments of a project, in conjunction with other estimating methods.Activity durations can be quantitatively determined by multiplying the quantity of work to be performed by labor hours per unit of work.
Incorrect
Parametric estimating is an estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters. Parametric estimating uses a statistical relationship between historical data and other variables (e.g., square footage in construction) to calculate an estimate for activity parameters, such as cost, budget, and duration.This technique can produce higher levels of accuracy depending upon the sophistication and underlying data built into the model. Parametric time estimates can be applied to a total project or to segments of a project, in conjunction with other estimating methods.Activity durations can be quantitatively determined by multiplying the quantity of work to be performed by labor hours per unit of work.
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Question 20 of 30
20. Question
Which among the following is not an estimate used in the PERT to define an approximate range for an activity’s duration?
Correct
PERT uses three estimates to define an approximate range for an activity’s duration:
• Most likely (tM)
• Optimistic (tO)
• Pessimistic (tP)Incorrect
PERT uses three estimates to define an approximate range for an activity’s duration:
• Most likely (tM)
• Optimistic (tO)
• Pessimistic (tP) -
Question 21 of 30
21. Question
Which among the following defines the optimistic estimate used in the three-point estimating?
Correct
Optimistic (tO).
The activity duration based on analysis of the best-case scenario for the activity.Incorrect
Optimistic (tO).
The activity duration based on analysis of the best-case scenario for the activity. -
Question 22 of 30
22. Question
Which among the following defines the pessimistic estimate used in the three-point estimating?
Correct
Pessimistic (tP).
The activity duration based on analysis of the worst-case scenario for the activity.Incorrect
Pessimistic (tP).
The activity duration based on analysis of the worst-case scenario for the activity. -
Question 23 of 30
23. Question
Which among the following defines the most-likely estimate used in the three-point estimating?
Correct
Most likely (tM).
This estimate is based on the duration of the activity, given the resources likely to be assigned, their productivity, realistic expectations of availability for the activity, dependencies on other participants, and interruptions.Incorrect
Most likely (tM).
This estimate is based on the duration of the activity, given the resources likely to be assigned, their productivity, realistic expectations of availability for the activity, dependencies on other participants, and interruptions. -
Question 24 of 30
24. Question
You are a project manager who is currently in the process of estimating the activity durations of your project. Which among the following defines contingency reserves used in reserve analysis?
Correct
Reserve Analysis
Duration estimates may include contingency reserves, sometimes referred to as time reserves or buffers, into the project schedule to account for schedule uncertainty. Contingency reserves are the estimated duration within the schedule baseline, which is allocated for identified risks that are accepted and for which contingent or mitigation responses are developed. Contingency reserves are associated with the “known-unknowns,” which may be estimated to account for this unknown amount of rework.Incorrect
Reserve Analysis
Duration estimates may include contingency reserves, sometimes referred to as time reserves or buffers, into the project schedule to account for schedule uncertainty. Contingency reserves are the estimated duration within the schedule baseline, which is allocated for identified risks that are accepted and for which contingent or mitigation responses are developed. Contingency reserves are associated with the “known-unknowns,” which may be estimated to account for this unknown amount of rework. -
Question 25 of 30
25. Question
Which among the following is not true for contingency reserves used in the reserve analysis?
Correct
Contingency reserves are the estimated duration within the schedule baseline, which is allocated for identified risks that are accepted and for which contingent or mitigation responses are developed. Contingency reserves are associated with the “known-unknowns,” which may be estimated to account for this unknown amount of rework. The contingency reserve may be a percentage of the estimated activity duration, a fixed number of work periods, or may be developed by using quantitative analysis methods such as Monte Carlo simulation. Contingency reserves may be separated from the individual activities and aggregated into buffers.
Incorrect
Contingency reserves are the estimated duration within the schedule baseline, which is allocated for identified risks that are accepted and for which contingent or mitigation responses are developed. Contingency reserves are associated with the “known-unknowns,” which may be estimated to account for this unknown amount of rework. The contingency reserve may be a percentage of the estimated activity duration, a fixed number of work periods, or may be developed by using quantitative analysis methods such as Monte Carlo simulation. Contingency reserves may be separated from the individual activities and aggregated into buffers.
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Question 26 of 30
26. Question
You are a project manager who is currently in the process of estimating the activity durations of your project. Which among the following defines management reserves used in reserve analysis?
Correct
Management reserves are a specified amount of the project duration withheld for management control purposes and are reserved for unforeseen work that is within scope of the project. Management reserves are intended to address the “unknown-unknowns” that can affect a project.
Incorrect
Management reserves are a specified amount of the project duration withheld for management control purposes and are reserved for unforeseen work that is within scope of the project. Management reserves are intended to address the “unknown-unknowns” that can affect a project.
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Question 27 of 30
27. Question
Which among the following is not true for management reserves used in the reserve analysis?
Correct
Management reserves are a specified amount of the project duration withheld for management control purposes and are reserved for unforeseen work that is within scope of the project. Management reserves are intended to address the “unknown-unknowns” that can affect a project. Management reserve is not included in the schedule baseline, but it is part of the overall project duration requirements. Depending on contract terms, use of management reserves may require a change to the schedule baseline.
Incorrect
Management reserves are a specified amount of the project duration withheld for management control purposes and are reserved for unforeseen work that is within scope of the project. Management reserves are intended to address the “unknown-unknowns” that can affect a project. Management reserve is not included in the schedule baseline, but it is part of the overall project duration requirements. Depending on contract terms, use of management reserves may require a change to the schedule baseline.
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Question 28 of 30
28. Question
You are a project manager in your firm and are well aware of the various inputs and outputs of the estimate activity durations process. Which among the following defines activity duration estimates?
Correct
Activity Duration Estimates
Activity duration estimates are quantitative assessments of the likely number of time periods that are required to complete an activity. Duration estimates do not include any lags. Activity duration estimates may include some indication of the range of possible results.Incorrect
Activity Duration Estimates
Activity duration estimates are quantitative assessments of the likely number of time periods that are required to complete an activity. Duration estimates do not include any lags. Activity duration estimates may include some indication of the range of possible results. -
Question 29 of 30
29. Question
You are work in the human resource department in your firm and have been asked to assist a certain project manager in developing the schedule. Which among the following defines the develop schedule process?
Correct
Develop Schedule is the process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model. The key benefit of this process is that by entering schedule activities, durations, resources, resource availabilities, and logical relationships into the scheduling tool, it generates a schedule model with planned dates for completing project activities.
Incorrect
Develop Schedule is the process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model. The key benefit of this process is that by entering schedule activities, durations, resources, resource availabilities, and logical relationships into the scheduling tool, it generates a schedule model with planned dates for completing project activities.
-
Question 30 of 30
30. Question
Which among the following is not true for developing project schedule process?
Correct
Develop Schedule is the process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model. The key benefit of this process is that by entering schedule activities, durations, resources, resource availabilities, and logical relationships into the scheduling tool, it generates a schedule model with planned dates for completing project activities. Developing an acceptable project schedule is often an iterative process. The schedule model is used to determine the planned start and finish dates for project activities and milestones based on the accuracy of the inputs.
Incorrect
Develop Schedule is the process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model. The key benefit of this process is that by entering schedule activities, durations, resources, resource availabilities, and logical relationships into the scheduling tool, it generates a schedule model with planned dates for completing project activities. Developing an acceptable project schedule is often an iterative process. The schedule model is used to determine the planned start and finish dates for project activities and milestones based on the accuracy of the inputs.