Project Management Final Exam:

What is the PERT estimating technique? {Ans: Use several estimations to develop an expected value Use this method for uncertain estimates}What is a very common diagram used in monitoring project activities and milestones? {Ans: Gantt Chart}When does project control occur? {Ans: In the execution phase}When would you re-baseline? {Ans: When you can't bring the project back in to meet the current baseline.}In what type organization will you request a resource from a functional manager? {Ans: Matrix}When can the project proceed to the Execution phase? {Ans: After the detailed budget is approved}What if during execution you determine the budget is going to be exceeded? {Ans: Immediately notify sponsor and do a change request}The ability to make binding decisions about your projects schedule, resources, activities, and execution. {Ans: Authority}What is the significance of the sides of the project triangle? {Ans: You have to unilaterally change each of the sides, whether they are growing or shrinking.}PMBOK: {Ans: Project Management Body of Knowledge}Following activities that occur throughout the project to ensure it proceeds according to plan and produces desired result {Ans: Project Control}Stage when a team is discussing concerns, reservations, fears, conflicts, etc.