Chapter Quiz


1.  

What type of project estimating must account for every expense within a project before the work begins?

  1. Bottom-up estimating

  2. Top-down estimating

  3. Zero-based budgeting

  4. Parametric estimating

 a. bottom-up estimating requires the project manager to account for all expenses within the project to arrive at a grand total for the project.

2.  

You are the project manager of the JHN Project. You have estimated the project will cost $129 for each unit installed. There are 1,200 units on this project. What type of estimate is this?

  1. Bottom-up estimate

  2. Top-down estimate

  3. Analogous estimating

  4. Parametric estimating

 d. this is an example of a parametric estimate. the units will cost $129 each; this is the parameter. as there are 1,200 units on the project, the estimate is calculated by multiplying the parameter of $129 by the total number of units needed, 1,200, for an estimate of $154,800.

3.  

What is a bottom-up cost estimate?

  1. Last year s budget plus 20 percent to equal the current year budget

  2. This year s budget with a 20 percent plus or minus shift in the bottom line

  3. The process of working toward a zero balance as the bottom line in a budget

  4. The process of creating a detailed estimate for each work component in a project plan

 d. bottom-up estimating is a process that requires the project manager to create a detailed estimate for each phase of a project. the project manager starts at the beginning of a project and works toward the project s completion to determine the actual financial obligations required to complete the plan.

4.  

Finish the sentence : One of the largest fluctuating expenses in IT is __________________.

  1. Time

  2. Hardware

  3. Licensing

  4. Software

 a. time is one of the largest fluctuating expenses within a project plan. who is completing a task, that person s skill set, the type of work being completed, and other factors can determine the length of time required to complete the task.

5.  

What should a project manager do to an IT implementation to accurately predict the total cost of the project?

  1. List all of the expenses and add them up using a best- and worst-case scenario for each expense.

  2. List all of the expenses, including labor, and add them up using an average-case scenario for each expense.

  3. Divide the project into phases and assign a dollar amount to each phase.

  4. Divide the project into phases and estimate a dollar amount for each milestone within a phase.

 c. the project manager should not create one grand total for a project. in order for the project manager to see a true picture of the work, she should segment the project into phases and assign each phase a dollar amount based on the work to be completed within it.

6.  

What is a fully burdened workload?

  1. It is when an employee has reached his maximum number of hours allotted for any given project.

  2. It is when a consultant has reached her maximum number of hours allotted for billable time for a project or task within the project.

  3. It is the prediction of the number of hours required by staff to complete each phase of the project.

  4. It is the record of the number of hours required by staff to complete each phase of the project.

 c. a fully burdened workload is the prediction of the number of hours required by the team members to complete a given project. this process allows the project manager to predict the financial obligations corresponding to time and create a sense of urgency as to when each task must be completed.

7.  

Why should an IT project manager use best- and worst-case scenarios when calculating the time required for a task?

  1. Some staff members will take longer than other staff members to do the same type of work.

  2. Each staff member will have a dollar amount assigned to the work hour . The best- and worst-case scenario can predict which staff member is the most valuable .

  3. Best- and worst-case scenarios allow an IT project manager to predict the average time expense required to complete a task.

  4. Best- and worst case scenarios allow an IT project manager to predict the average amount of labor required to complete a task.

 c. the best- and worst-case scenarios allow a project manager to predict the average amount of time the team member requires to complete a task. the project manager uses this value to assign a dollar amount to the work to be completed.

8.  

What are factors that a project manager can use to predict time for tasks within a project? Choose two:

  1. Call upon prior experience.

  2. Complete the task and see how much time the task requires.

  3. Call upon other IT professionals and ask for their advice.

  4. Leave the task time value open until the task has been completed.

 a, c. this is historical information. the experiences of the project manager or other it professionals are two of the best methods to predict the length of time a task may take.

9.  

What is a primary advantage of an IT project manager requiring a vendor to deliver a fixed quote?

  1. It locks the vendor into the project.

  2. It prevents the vendor from adding any additional features to the implementation.

  3. It allows the project manager to use the quote for up to one year.

  4. It allows the project manager to incorporate the quote into a proposed budget.

 d. a fixed quote allows the project manager to use that dollar amount in a budget to predict the funds required to complete a project. it can also be used to determine which vendor will actually be awarded the job based on the price and hours to complete the work.

10.  

What is the Budget at Completion (BAC)?

  1. It is the total amount of the budget for each phase of the project.

  2. It is the amount of the total project before the project is done.

  3. It is the amount of each phase as the phase is completed.

  4. It is the grand total of the project once the project has been completed.

 b. the budget at completion (bac) is the predicted amount of the entire project before the project has been completed.

11.  

What is Program Evaluation and Review Technique (PERT)?

  1. It is a method for tracking time and costs.

  2. It is a time estimating technique that accounts for any variances between the optimistic and most likely estimates.

  3. It allows the project manager to use a similar project s budget as the zero starting point.

  4. It is a time-estimating method that accounts for the pessimistic, optimistic, and most likely estimates to complete an activity.

 d. the program evaluation review technique (pert) is a time-estimating formula that accounts for the optimistic, pessimistic, and most likely estimates. the formula is p+o+(4ml)/6.

12.  

Of the following, which is a not a factor in the budget of an IT project?

  1. Labor of employees and consultants

  2. Upcoming software releases

  3. Hardware upgrades

  4. Software licensing

 b. future releases of software are not a concern during the budget creation process. while it is possible that information about new software being released could impact the entire project, it will not change an existing budget based on plans that have been already created.

13.  

True or False: It is always better to purchase hardware already configured than to take the time to assemble it in-house.

  1. True

  2. False

 b. false. it is not always better to purchase hardware already configured from a vendor. oftentimes, it will be more cost effective to configure the hardware in-house rather than assigning the task to a vendor to complete it.

14.  

Of the following, which is an example of a per connection licensing fee?

  1. The organization is charged for unlimited connections to a server.

  2. The organization is charged a fee each time an application is used.

  3. The organization is charged a fee for each connection to a server.

  4. The organization is charged a set fee for all the connections to a server.

 c. per connection licensing fees are assigned to each connection from a workstation to a server. network operating systems, such as windows 2000, use a licensing plan such as this.

15.  

Of the following, which is an example of a per station licensing fee?

  1. The organization is charged for unlimited connections to a server.

  2. The organization is charged a fee for each PC on which the application is installed.

  3. The organization is charged a fee for each connection to a server.

  4. The organization is charged a set fee for all the connections to a server.

 b. per station licensing is typical of applications installed on each workstation. part of the licensing agreement requires that each workstation have a license to use the software.

Answers

1.  

A. Bottom-up estimating requires the project manager to account for all expenses within the project to arrive at a grand total for the project.

2.  

D. This is an example of a parametric estimate. The units will cost $129 each; this is the parameter. As there are 1,200 units on the project, the estimate is calculated by multiplying the parameter of $129 by the total number of units needed, 1,200, for an estimate of $154,800.

3.  

D. Bottom-up estimating is a process that requires the project manager to create a detailed estimate for each phase of a project. The project manager starts at the beginning of a project and works toward the project s completion to determine the actual financial obligations required to complete the plan.

4.  

A. Time is one of the largest fluctuating expenses within a project plan. Who is completing a task, that person s skill set, the type of work being completed, and other factors can determine the length of time required to complete the task.

5.  

C. The project manager should not create one grand total for a project. In order for the project manager to see a true picture of the work, she should segment the project into phases and assign each phase a dollar amount based on the work to be completed within it.

6.  

C. A fully burdened workload is the prediction of the number of hours required by the team members to complete a given project. This process allows the project manager to predict the financial obligations corresponding to time and create a sense of urgency as to when each task must be completed.

7.  

C. The best- and worst-case scenarios allow a project manager to predict the average amount of time the team member requires to complete a task. The project manager uses this value to assign a dollar amount to the work to be completed.

8.  

A, C. This is historical information. The experiences of the project manager or other IT professionals are two of the best methods to predict the length of time a task may take.

9.  

D. A fixed quote allows the project manager to use that dollar amount in a budget to predict the funds required to complete a project. It can also be used to determine which vendor will actually be awarded the job based on the price and hours to complete the work.

10.  

B. The Budget at Completion (BAC) is the predicted amount of the entire project before the project has been completed.

11.  

D. The Program Evaluation Review Technique (PERT) is a time-estimating formula that accounts for the optimistic, pessimistic, and most likely estimates. The formula is P+O+(4ML)/6.

12.  

B. Future releases of software are not a concern during the budget creation process. While it is possible that information about new software being released could impact the entire project, it will not change an existing budget based on plans that have been already created.

13.  

B. False. It is not always better to purchase hardware already configured from a vendor. Oftentimes, it will be more cost effective to configure the hardware in-house rather than assigning the task to a vendor to complete it.

14.  

C. Per connection licensing fees are assigned to each connection from a workstation to a server. Network operating systems, such as Windows 2000, use a licensing plan such as this.

15.  

B. Per station licensing is typical of applications installed on each workstation. Part of the licensing agreement requires that each workstation have a license to use the software.




IT Project Management
IT Project Management: On Track from Start to Finish, Third Edition
ISBN: 0071700439
EAN: 2147483647
Year: 2004
Pages: 195

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