multiple choice questions | My Assignment Tutor

Choose the correct answer for each of the following multiple choice questions.(A1) Resource leveling ensures that resource demand will exceed resource availability:I. TrueII. Partly TrueIII. False(A2) You are a maintenance contractor for a sports complex facility. Your inventory costs for material resources would not includeI. Ordering and storage costs for materialsII. Obsolescence and deterioration costs for materialsIII. Opportunity costs and insurance costs for materialsIV. Obsolescence and repair costs for excavation equipmentV. All of the above(A3) In a precast panel manufacturing unit, the reorder level of raw materials will depend on:I. Lead timeII. Whether the demand is deterministic or probabilisticIII. both (I) and (II)(A4) Application of a schedule compression technique in a project schedule will effectively shorten the project duration only if the project scope is significantly reducedI. TrueII. False(A5) Rider Jessie is a project manger in an airport expansion project. Rider’s procurement team decided that they should keep minimal or no inventories of certain materials, especially due to high reliability and availability of timely material supply. Moreover, the project division alerted that that bulk storage arrangement at site for such materials is not very good. Rider’s resource strategy should be :I. Just in time (JIT)II. Just in case (JIC)(A6) If the critical ratio observation in your project status report refers to 0.79, then:I. you should investigate immediatelyII. you may ignore this nowIII. you must report to the top managementIV. you can watch carefully and investigate accordingly(A7) A machine foundation is planned to cost $100000. At one stage observation of this foundation work, the actual cost of work performed was $35000. The planned value and the earned value at that stage were worth $45000 and $40000 respectively. The cost variance at this stage is:I. $65000II. $60000III. $5000IV. $15000V. None of the above(A8) Your project is already delayed by some rework and changes. As a project manager, you have identified that availability of certain key resource is now limited or constrained, Your top priority for allocating that resource in your revised schedule should aim for:I. Training site staff for quality control and waste minimizationII. Fast-tracking non-critical activities with alternative resourcesMME80001 Resource Planning and Management – Mock-up trial for final assessment (S1 2017)2III. Attending critical activities and managing through float and alternativesIV. Informing the top management and preparing for liquidated damages(A9) GAMMABEE is a large contractor in the region. You are the project manager of main contractor (GAMMABEE) in a large infrastructure project. The management reserve available in your project can be deemed as:I. A amount that is reserved in other project’s contingenciesII. An amount reserved for unforeseen works that are within the scope of your projectIII. An amount of your project budget withheld for the management control purposesIV. All of the aboveV. None of the above(A10) An earned value analysis found that the budgeted cost of work performed (BCWP) = $95000; budged cost of work scheduled (BCWS) = $98000; and actual cost of work performed (ACWP) = $92000. The project condition refers:I. Behind schedule and over-budgetII. Behind schedule and under-budget

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