logo image


A project ______ is an uncertainty that can have a negative or positive effect on meeting project objectives.
A _____ for a project is the series of activities that determine the earliest time by which the project can be completed.
critical path
A ______ is a hierarchy of potential risk categories for a project.
Risk breakdown structure (RBS)
A ______ is schematic display of the logical relationships among project activities and their sequencing.
Network diagram
Duration estimates can be provided as a discrete number, a range, or as a ______.
three-point estimate
Risk ______ refers to reducing the impact of a risk event by reducingt he probability of its occurrence.
Potential problems that might occur on the project and how they might impede project success are _______ risks.
Subdividing the project deliverables into smaller pieces is known as _______.
Creating the ______ involves subdividing he major project deliverables into smaller, more manageable components.
work breakdown structure (WBS)
Tasks in a WBS that are decomposed into smaller tasks are called ______ tasks.
A _______ is a list of risks that are low priority, but still identified as potential risks.
watch list
The ______ is an estimate of the value of the physical work actually completed.
earned value (EV)
A ______ is a task at the lowest level of the WBS.
work package or item
The term ______ describes a produc produced as part of a project.
______ refers to the process of developing a working replica of the system of some aspect of the system.
A _______ on a project is a significant event that normally has no duration
The amount of time an activity can be delayed without delaying the early start date of any immediately following activities is known as a ______.
free slack
The ______ for an activity is the latest possible time an activity might begin without delaying he project finish date.
late start date
______ is the amount of time an activity can be delayed from its early start wuthout dealying the planned project finish date.
total slack
Scope creep refers to:
the tendency for project scope to keep getting bigger and bigger
______ refers to the difference between planned and actual performance.
Cost variance is:
the earned value minus the actual cost
Indirect costs are:
not directly related to the products of services of a project
Schedule variance is:
the earned value minus the planned value
The cost performance index (CPI):
can be used to estimate the projected cost of completing the project
The budget is one of the three values of earned value management ans is also known as _______.
planned value
______ is a method for eterinig the estimated annual costs and benefits for a project.
cash flow analysis
______ involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance.
determining the budget
______ are those costs that are difficult to measure in monetary terms.
intangible costs
______ includes the processes required to ensure that a project team completes a project within an approved budget.
project cost management
Which of the following is true of the schedule performance index (SPI)?
It can be used ti estimate the projected time to complete the project
Which of the following is true of earned value?
it is an estimate of the value of the physical work actually completed.
variances are calculated by subtracting the actual cost from ______.
earned value
Knowledge areas for PMs:
integration, scope, time, cost, quality, communication, human resources, risk, procurement, stakeholder management
Cost management processes:
planning, estimating, budget, control
Scope management processes:
planning, collecting, defining, creating a WBS, validating, and controling
initiate, plan, execute, monitor/control, closeout

Need essay sample on "ok"? We will write a custom essay sample specifically for you for only $ 13.90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy