Winch Ch.11 - The Core Skills Test Bank

Chapter 11 - The core skills

Test Bank

Type: true-false

Title: Chapter 11 Question 1

01) It is commonly understood that there is a difference between managers and leaders.

a. True

b. False

Type: true-false

Title: Chapter 11 Question 2

02) Technical competencies largely deployed within the delivery domain need to be understood by project leaders working in the owner and supplier domains.

a. True

b. False

Type: true-false

Title: Chapter 11 Question 3

03) Planning stops at the Define stage as greater levels of detail as the WBS is developed, budgets are finalized and schedule refined.

a. True

b. False

Type: multiple choice question

Title: Chapter 11 Question 4

04) What fundamental question does process of planning answer:

a. What needs to be done in a project?

b. Who will deliver a project?

c. How much will a project cost?

d. How are we going to deliver the outputs specified in the Project Execution Plan?

Type: matching question

Title: Chapter 11 Question 5

05) Earned Value Analysis takes into consideration three measures and questions a project manager asks:

Feedback:

Earned Value Analysis takes into consideration three measures and questions a project manager asks:

• Earned Value (EV): budgeted cost of work completed at specific point in the schedule. How much work have we actually completed?
• Actual Cost (AC): actual spend to date. How much did we spend to complete the work?
• Planned Value (PV): what ought to have been spent at a specific point in the schedule according to the budget. How much work did we plan to complete?

A-head reference: 11.5

a. Earned Value (EV) = Actual spend to date. How much did we spend to complete the work?

b. Actual Cost (AC) = Budgeted cost of work completed at specific point in the schedule. How much work have we actually completed?

c. Planned Value (PV) = What ought to have been spent at a specific point in the schedule according to the budget. How much work did we plan to complete?

Type: matching question

Title: Chapter 11 Question 6

06) We measure execution performance by comparing current performance against the Project Execution Plan. This comparison results in one of the three options for action:

Feedback:

We measure execution performance by comparing current performance against the Project Execution Plan through the information loop. This comparison results in one of the three options for action:

• Continue with the plan unchanged if performance aligns with the PEP;
• Take corrective action if the plan and performance do not align;
• Revise the PEP if the original plan is no longer achievable due to new information becoming available.

A-head reference: 11.5

a. Continue with the plan unchanged = if the original plan is no longer achievable due to new information becoming available.

b. Take corrective action = if performance aligns with the PEP

c. Revise the PEP = if the plan and performance do not align

Type: multiple choice question

Title: Chapter 11 Question 7

07) Graphical scheduling technique that acts as boundary objects between teams:

a. Critical path method

b. Critical chain

c. Gantt charts

d. Critical space analysis

Type: true-false

Title: Chapter 11 Question 8

08) Budget estimation is a linear and completely accurate process carried out at the beginning of a project.

a. True

b. False

Type: matching question

Title: Chapter 11 Question 9

09) Four methods for estimating costs can be broadly identified:

Feedback:

Four methods for estimating costs can be broadly identified:

• Ballpark, usually used early in the life cycle when there is very limited information or time to prepare with an accuracy range of approx.90 percentage points.
• The PDP, where estimates are established from preliminary engineering work with an accuracy range of approximately70 percentage points.
• Comparative, where cost estimates are developed by comparing to past similar projects to provide an outside view with the aim of reducing the variance.
• The PEP which provides estimates based on the work during the Define stage with an accuracy range of approximately38 percentage points.

A-head reference: 11.5

a. Ballpark = where cost estimates are developed by comparing to past similar projects to provide outside view with the aim of reducing the variance

b. The PDP = where estimates are established from preliminary engineering work with an accuracy range of approx.70 percentage points

c. Comparative = which provides estimates based on the work during the Define stage with an accuracy range of approx.38 percentage points

d. The PEP = usually used early in the life cycle when there is very limited information or time to prepare with an accuracy range of approx.90 percentage points

Type: true-false

Title: Chapter 11 Question 10

10) Managing conformance is an iterative process that needs to be tailored to each project.

a. True

b. False