When resource overloads are extreme project managers may need to consider the acquisition of additional resources?

When resource overloads are extreme, project managers may need to consider the acquisition of additional

Question:

When resource overloads are extreme, project managers may need to consider the acquisition of additional resources, reductions in scope or extensions to the project scheduleTrueFalse

Answers

The statement is: True.

Explanation:

Project managers are the executives on the charge of coming up with a plan to handle a business, implementing it, and monitoring its progress. They are in charge of evaluating if the resources allocated for the project are enough to finish it.

Besides, in case there is a surplus of materials, the manager must limit the orders to what is necessary according to what was projected. In case of shortages, the executive must find a way of working with more suppliers to have the materials necessary for the operations.

the answerr would be 1

Sample response:   tara should research cheaper colleges, living at home while attending school, and good savings plans.             this is the answer that they are looking for on edgenuity 

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15 key project management skills

What skills do you need to get projects across the finish line on time and under budget? 

While this list of essential project management skills is by no means exhaustive, it covers the core competencies. 

Project manager technical skills

Technical skills (you might also hear these referred to as hard skills) are the more tangible and measurable abilities required to be an effective project manager. 

1. Planning and forecasting 

It goes without saying, but proper project management requires skilled planning. This can be challenging, especially since many project managers need to make educated guesses about timelines and required resources. 

That’s where forecasting comes into play. Project managers need to use any information they have to make predictions and estimates. 

2. Risk management

Every project has risks. Perhaps a resource won’t be available when you need it, or delayed approval from a client will set your timeline back a few days.

Project managers are responsible for not only navigating around risks but anticipating them so that they can try their best to avoid them altogether. 

3. Budgeting

Only 2.5% of companies successfully complete all of the projects they take on. The rest go over schedule, over budget, or both. 

Project managers know that there are financial constraints they need to work within, and they use their budgeting and financial management skills to deliver winning projects within those limitations. 

4. Tracking and monitoring

Project management isn’t just about completing a project — it’s about completing a successful project. That won’t happen if project managers fail to keep their fingers on the pulse.

They need to use their performance tracking and monitoring skills to ensure projects are running according to plan and still supporting the broader business goals. If not? They’ll course-correct when necessary. 

5. Project management methodologies

From Agile to Waterfall, there are numerous project management methodologies and approaches. These outline specific principles for overseeing and completing projects.

Experienced project managers are familiar with those methodologies and can determine which ones are the best fit for their specific teams and projects. 

6. Meeting facilitation

Kickoff meetings, status updates, retrospectives — the typical project process has many meetings, most of which are led by the project manager.

For that reason, a project manager needs to be skilled at facilitating meetings, including creating an agenda, documenting notes, and following up on action items. 

7. Subject matter expertise 

Project managers work in a variety of industries, from construction to IT and everything in between. While it’s not an absolute necessity, it’s helpful for the project manager to have a basic familiarity with the industry and the types of projects they’re managing.

This level of expertise will help them more accurately estimate costs, timelines, and resource requirements. 

8. Project management software

The best project managers know better than to try to coordinate all of the elements of a project with jumbled spreadsheets and task lists. 

Instead, they’re experts at using project management software like Wrike to centralize communication, streamline collaboration, and iron out project plans.

The project scope statement documents the boundaries of the project.

True or False

A matrix organization is any organizational structure in which the project manager shares responsibility with the functional managers for assigning priorities and directing the work of persons assigned to the project.  True or False

A WBS dictionary is a document that defines each of the terms used in the project scope statement.  True or False

Project selection scoring models are very useful in providing performance data that can be used to terminate a project. True or False

Which estimating technique uses a statistical relationship between historical data and other variables to calculate project costs?

Estimating the number of work periods that will be needed to complete individual schedule activities characterizes which of the following time management processes?

activity duration estimating

The primary advantage of PERT is that it removes uncertainty from the estimates of activity durations, thereby increasing confidence in the reliability of a project schedule.  True or False

There are several tasks that a project customer (or sponsor acting in that capacity) can do to enhance the probability of success. Which of the following are generally performed jointly with the project contractor who will perform the work?

The name and number of phases in a project life cycle are determined by the organization(s) involved in the project.  True or False

Crashing is a project schedule compression technique that relies extensively on overlapping activities and a high degree of concurrency.  True or False

Almost all projects have deliverables related to training, service or other means of helping the customer to use the project’s product effectively.  True or False

When determining resource availability, projects managers need only consider full-time, internal resources.  True or False

Which of the following are among the challenges faced by project managers?

They must determine how networks of people function in the organization.

other challenges are:

What are the items that best describe the process steps to construct a Work Breakdown Structure (WBS)?

identify major deliverables - divide into smaller deliverables - continue until right size - review

Which activities constitute the critical path for a project network?

Sequence

Earliest end date

Amount of work

Longest path

Start date

The signing of the project charter signals the transition from the high-level project initiating stage into the more detailed project planning stage.  True or False

How do you determine what is the expected duration of a project?

identify workers

time as in workdays

negotiations

Even small delays on “near-critical” activities can change the critical path of a project. True of False

When resource overloads are extreme, project managers may need to consider the acquisition of additional resources, reductions in scope or extensions to the project schedule.  True or False

GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in the duration of individual activities impacts the expected project duration. True or False

False

A graphic display of schedule information

What factors have influenced the increased reliance upon project management in recent years?

What activities should you crash to reduce this project by one day with the least incremental cost?

conider normal time and cost

crash cost and time

crash cost per unit of time

A matrix organization is any organizational structure in which the project manager has access to team members, but the functional manager retains responsibility for assigning priorities and directing the work of persons assigned to the project.  True or False

While a “RACI” chart may be very useful for assigning activities to core team members and project managers, the sheer number of subject matter experts on many projects renders the RACI chart impractical for large projects.  True or False

When constructing a responsibility matrix or “RACI” chart, it is important to ensure that only one person has primary responsibility for any activity.  True or False

The process of developing an approximation of the cost of the resources needed to complete project activities is known as:

Risks, assumptions and constraints are included in the project charter so that key participants will be aware of what could prevent them from successfully completing the project.  True or False

Project management involves the development of project plans that:

become more specific as early work is completed.

Inflating the value of future revenue and cost streams to account for the time value of money enables better project decisions.  True or false

The Work Breakdown Structure (WBS) is a framework that will be used as a basis for further planning activities including:

further planning

execution

control

Which of the following terms best describes the amount of funds needed above the estimate to reduce the risk of overruns?

Subject matter experts often perform specific project activities when necessary. Which of the following statements accurately describes the role of subject matter experts in support of a project?

The subject matter experts may not relate strongly with a project due to the temporary nature of their involvement.

The project business case states what the project will accomplish and how it will be done.  True or False

What are the factors that influence the opportunities and threats an organization must consider when performing a strategic analysis?

Specific

Measurable

Acheivable

Results-based

Time-specific

The approved time-phased budget against which project execution is compared and deviations are measured for management control is known as:

It is important to assign a unique number to every component in the project Work Breakdown Structure.  True or False

What are the factors that can limit how fast a project can be scheduled and completed?

planning

estimating

Resourcing

In a functional organization workers can learn readily from others in their discipline and keep their skills sharp.  True or False

All projects go through a common project life cycle that includes four stages: concept, development, production and close-out.  True or False

The best project scope statements are brief, succinct and limit their focus specifically to the work to be performed.  True or False

What are appropriate lessons that should guide the information distribution practices of project managers in the information age?

use the communication plan and always monitor additional communication needs

The Schedule Performance Index (SPI) is a measure of schedule efficiency on a project.  True or False

What accurately describes the trade-offs that must be managed while accomplishing project work?

tradeoffs must be made between the amount of work (scope), acceptability of the work (quality), cost, and schedule so the project results are useful, timely, and affordable.

When discrepancies are identified during a project quality audit, the presumption must be that workers failed to comply with procedures and should be reprimanded accordingly.  True or False

Six Sigma is a quality improvement approach that is particularly suited for processes that are difficult if not impossible to measure.  True or False

The process of deciding how to approach, plan and execute risk management activities for a project is known as Project Risk Absorption Methodology (PRAM).  True or False

What accurately describes earned value management?

a methodology for intergrating scope, schedule, and resources and for objectively measuring performance and progress.

Stakeholders include who?

People who work on the project

provide people or resources for the project

Have routines disrupted by the project

Internal and External

What describes the appropriate use of a cause and effect diagram to support project risk analysis?

It is often easier to alter the effect by changing the underlying cause.

The personal values of team members on high-performing teams can be enhanced through what effective communication practices?

IDCRRB

free and widely shared information

open discussions

discourage personal conflict

proactive reporting

reflection

overcome barriers

When a firm plans to contract, it generally prepares evaluation criteria that define how the client company will evaluate and rank proposals received from bidders.  True or False

A narrative description of the products, services or results to be supplied under a contract is known as:

The contract statement of work

When complete, the risk register presents the results of both qualitative and quantitative risk analysis as well as risk response planning.  True of False

name the benefits that can be attributed to the effective use of a risk management plan?

eliminate or reduce risk

used to communicate with stakeholders

The concept behind a balanced scorecard is that an organization needs to be evaluated along supplier, external business, risk and human resource perspectives.  True or False

Earned Value (EV) is the authorized budget assigned to the scheduled work to be accomplished.  True or False

What accurately describes a project management plan?

a formal approved document that defines how the project is executed, monitored, and controlled, it may composed of one or more management plans and other planning documents

What contract type is most appropriate when costs are not well known and the buyer absorbs the cost risk?

Cost-Plus-Fixed-Fee (CPFF)

Evaluations of prospective suppliers by project teams often involve what approache?

Supplier Surveys

Financial Condition analysis

Third-party evaluators

What factors are commonly used to assess potential suppliers pursuant to a source selection decision?

Value

Timing

Capability

Role

number of suppliers

Structure of procurement plan

The Budget at Completion (BAC) is the sum of all budgeted values established for the work to be performed on a project. As such it is equivalent to:

the total planned value of the project

Performance reporting is the process of collecting and distributing performance information and typically includes:

Rewards and Promotions

Areas of improvement

What describes the effective use of a risk register?

Items such as the probability of occurrence and impact are typically added to the risk register subsequent to risk identification.

Which of the following is a performance improvement likely to be realized by projects that make good project sourcing decisions?

Which of the following statements accurately describes the approach that project managers should take to develop relationships with key stakeholders?

Project managers should seek to understand what motivates each stakeholder.

When project managers authorize project work, they should empower others to the extent possible, yet control to the extent necessary.  True or False

It is impossible to remove all sources of risk on a project.

Project teams often adopt ground rules to address which of the following relationship topics?

protecting confidentiality

What criteria can be used to categorize project risks?

when

impact

external internal

known and unknown

What measures is best suited for determining whether the project is on, ahead or behind schedule?

The most effective project teams develop unique forms and templates whenever possible to ensure the special needs of the project are adequately addressed in project communications.  True or False

A source of variation that is inherent in a system and predictable is typically known as:

One useful method of process improvement involves consideration of how another organization performs a process with an eye toward determining how to improve your own performance. This method is known as:

Frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon personal relationships. This type of power is known as:

During which stage of team development do team members attempt to jockey for power, ask many questions and establish dubious goals?

What are the activities a project manager should undertake to develop a highly effective team?

understand

enhance

improve

practice good management principles

Which of the following documents describes how the project management team will implement the performing organization’s quality policy?

the quality management plan

Buying from an outside supplier to meet project needs is generally frowned upon because it invariably proves to be more expensive than obtaining materials and services internally.  True or False

Some organizations rely upon a formally constituted group of stakeholders to review, evaluate and approve changes to the project. This group is typically known as a:

Project team member preferences related to the type and frequency of communication may vary depending upon the country of origin.  True or False

Which processes is considered to be among the six project procurement management processes?

High-performing teams include members who typically hold this values?

a high need for achievement

Communications planning determines the information needs and expectations for project stakeholders. True or False

The cost per risk for risks discovered early in the project is often more than the cost per risk for risks discovered late because there is more opportunity for the risk to impact several dimensions of the project.  True or False

The Cost Variance (CV) is a measure of cost efficiency on a project.  True or False

Change control includes which of the following activities?

identifying, documenting and approving changes to project baselines

Fact-based management includes four key ideas. Which of the following is among the key ideas associated with fact-based management?

the need to understand variation

Quantitative risk analysis is the process of prioritizing risks for subsequent further analysis or action by assessing and combining their probability and impact.

What describes the activities appropriately performed by the project team during qualitative risk analysis?

Team members assess the probability of occurrence and severity of impact for identified risks.

What methods could a project manager use to resolve resource overloads?

Who is usually responsible for tracking all project costs?

When constructing a responsibility matrix RACI chart it is important to ensure?

Is an approach that adds resources to efficiently speed up a project?