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PM 586 Final Exam Guide
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PM 586 Final Exam Guide

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1. In a strong matrix structure, employees take daily direction from: 2. If the schedule variance is positive and the cost variance is negative, the project’s status is: 3. Which category of projects would involve a large number of functional units where the workers may be assigned either part-time or full-time? 4. Which type of chart provides the least “predictive” value? 5. Scope creep is generally the result of: 6. Which of the following is the role of the PM rather than the role of the functional manager? 7. The balance between quality and cost is called: 8. The EVMS term that represents the value of work actually accomplished is: 9. Which of the following would be the first item to be discussed in the initial kickoff meeting for a project? 10. Quality is defined by the: 11. Which of the following people has the greatest influence on how much authority a project manager will possess on a given project? 12. A project manager desires a work breakdown structure that goes through 6 levels of detail. Level 3 through level 6 would most likely be prepared by: 13. In which project life cycle phase does quality begin? 14. Project management restructuring allowed companies to manage projects that _____. 15. Risk constitutes a lack of knowledge _____. 16. The two primary components of a risk are: 17. Which of the following standard project estimating techniques is usually accomplished in weeks? 18. The hardest part in creating a best practices library is: 19. A typical project office (not to be confused with a project management office) responsible for the management of a large project includes the project manager and the: 20. Industries that have _____ tasks and operate in a _____ environment demonstrated the greatest need for project management. 21. Pricing out the construction cost of a home by a cost per square foot would be representative of a(n) _____ estimate. 22. The collective term for the formal quality activities and processes is called: 23. The difference between the cost baseline and the contracted cost is the: 24. Plans such as the cost plan, schedule plan and quality plan are referred to as: 25. Companies can become reasonably mature in project management by designing the right support systems. In general, how much time usually elapses after maturity before a company becomes excellent in project management execution? 26. The best source of revenue for a customer-requested scope change is: 27. During the 1970s and 1980s, formal project management practices were put in place because the constraints were _____ and _____ boundaries had to be crossed 28. A charting technique designed to illustrate the inductive and deductive reasoning necessary to achieve some objective is called a _____ Diagram / network 29. Which of the following is often overlooked when planning and budgeting a project? 30. What is the project sponsor’s responsibility with regard to the WBS preparation?

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