Reference no: EM133892973

Questions 

1. Project costs are made up of ALL of the following EXCEPT:

A. cost of stakeholders

B. cost of material resources at a usage rate

C. cost of work resources at a per use amount

D. fixed costs for tasks

E. cost of work resources at an hourly, etc. rate

2. The project's cost values that display in the Cost Table for the Task 0 Project Summary Task are the same calculated values that display in the Project Statistics dialog box.

TRUE

FALSE

3. When working with resource costs, ALL of the following are true EXCEPT:

A. which tasks have greater percentages of variance helps prevent future problems

B. the dollar amount of the variance is not enough information

C. the Cost Overview report displays the resources that are overbudget

D. the Usage view and the Task Usage view show timephased cost values

E. the selection process for reporting project status is purely technical

4. With the red, yellow, green stoplight view, there is no way to accommodate someone with color-blindness and cannot distinguish green from red.

TRUE

FALSE

5. When viewing the Tracking Gantt view in its default state (without any changed formatting to it), ALL of the following are true EXCEPT:

A. red is the color of tasks on the current schedule that are on the critical path

B. blue is the color of tasks on the current schedule that are not on the critical path

C. green is the color of tasks that are current or upcoming

D. gray is the color of the bar representing the original schedule

6. Finding ways to adjust expensive resources performing long assignments within the project is an effective strategy for dealing with problems related to scope.

TRUE

FALSE

7. ALL of the following are part of the project triangle EXCEPT:

A. duration

B. the project work required to produce a satisfactory deliverable

C. budget

D. resources

8. When a goal is to reduce the duration of a project and address scheduling issues, dealing primarily with the tasks on the critical path is the most success strategy.

TRUE

FALSE

9. To reduce a task's duration, overtime can be used by resources. For this to occur in a project, the project manager must:

A. enter the number of desired overtime hours in the Task Details form

B. drag the right end of the task's Gantt bar to the left to shorten it

C. Do nothing; overtime automatically kicks in when the resource works beyond the daily hours available in his/her schedule

D. add an overtime rate for the resource in the Resource Sheet view

10. In project management, solutions dealing with variance are most successful when the complete project triangle is evaluated.

TRUE

FALSE