Which of the following statements is true about the fishbone diagram?
A. It is based on KJ analysis.
B. It consists of a line graph and a bar chart.
C. It helps in identifying primary factors that affect issues in projects.
D. It determines the critical path taken to complete an activity.
Answer: C
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Your next project consists of 10 consecutive 8-day activities, each estimated by a different worker in your organization. Note that the estimators have not yet added any buffer to the 8-day figure
Your organizational culture dictates that you add your own safety margin of 30% into your estimates. The new project manager has just completed an excellent course in project management offered at the local university. When the first project meeting begins, he dazzles you with his wit and sophistication. You are considerably less charmed when he reveals that he has an exciting new technique for managing projects. He adheres to critical chain project management ideas and plans to create an overall project safety buffer after trimming the safety buffers from each of the 10 activities. How much closer has the project deadline moved? A) 12 days B) 6 days C) 18 days D) 9 days
Because the Internet lowers barriers to entry in most industries, it
A. increases supplier power. B. increases the threat of new entrants. C. makes it easier to build customer loyalty. D. decreases the threat of new entrants.
Selective demand is demand for a
A. general type of product. B. particular brand. C. new product. D. competitor's product. E. service.
Which of the following is a good condition for bottom-up estimating?
A. When there is an unstable scope B. When the project involves strategic decision making C. When there is a fixed price contract D. When the project is internal and small E. When there is high uncertainty involved in the project