In a Finish to Start relationship between predecessor and successor activities.docx - In a Finish to Start relationship between predecessor and

In a Finish to Start relationship between predecessor and successor activities.docx

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In a Finish to Start relationship between predecessor and successor activities, a project manager decides to schedule a successor activity 5 daysbefore its predecessor is complete. This is accomplished by providing 5 days of: A. Lag B. Load C. Fast-tracking D. Lead Correct Answer: D Explanation/Reference:D - A lead allows an early start of the successor activity. [ PMBOK 5th edition , Page 158] [Project TimeManagement] Total Total -------------QUESTION 31Which of the following statements best describes Time & Material (T&M) contracts? Correct Answer: A Explanation/Reference:A - T&M contracts are hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed-price type arrangements. Theyresemble cost-reimbursable contracts in that they are open ended, but resemble fixed price type contracts w QUESTION 38You are analyzing the risk in a project and decide to do sensitivity analysis to determine which risks have the most potential impact on the project. You look at a tool to help compare the relative importance of variables that have a high degree of uncertainty to those that are more stable. One such tool is:
Correct Answer: D Explanation/Reference: D - A tornado diagram is useful for comparing the relative importance of variables that have a high degree of uncertainty to those that are more stable. [ PMBOK 5th edition , Page 338] [Project Risk Management] QUESTION 45 A Probability and Impact Matrix contains risks prioritized according to their potential implications for meeting the project's objectives. The typicalapproach is: A. To use a look-up table or Probability and Impact Matrix with specific combinations of Probability and impact that lead to a risk being rated as "high", "moderate" or "low" importance. The importance for planning responses to the risk are usually set by the organization. B. To create a Risk Breakdown Structure with the probabilities and Impacts listed on the individual boxes. The higher the risk, the closer it is towardsthe Start Node. C. To use a look-up table or Probability and Impact Matrix with specific combinations of Probability and impact that lead to a risk being rated as "high", "moderate" or "low" importance. The importance for planning responses to the risk are usually set by the project manager.

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• Fall '17