Project Management Fundamentals Of Project Management 4

Question 1

The critical path in a project schedule is defined as:

Accepted Answer

The longest sequence of dependent activities that determines the project's minimum duration

Answer

The critical path is the longest path through the network diagram and determines the earliest the project can finish.

Question 2

What is 'float' (also called slack) in a project schedule?

Accepted Answer

The amount of time an activity can be delayed without delaying the project finish date

Answer

Float (or slack) is the flexibility in scheduling a non-critical activity without impacting the overall project end date.

Question 3

Which estimating technique uses actual costs from similar past projects as the basis for estimating the current project?

Accepted Answer

Analogous estimating

Answer

Analogous estimating uses historical data from similar projects to estimate duration or cost.

Question 4

A RACI chart is a tool used to:

Accepted Answer

Clarify roles and responsibilities for project activities

Answer

A RACI chart defines who is Responsible, Accountable, Consulted, and Informed for each task or decision.

Question 5

What is the difference between a project and a program?

Accepted Answer

A program is a group of related projects managed in a coordinated way to obtain benefits not available from managing them individually

Answer

A program consists of related projects managed together to realize strategic benefits and coordination advantages.

Project Management Practice Test