Answered Essay: 6.   A measure of the dispersion, or spread, of a distribution from its expected value is known as

6.   A measure of the dispersion, or spread, of a distribution from its expected value is known as:

A.        mean variance.

B.        average deviation.

C.        medium difference.

D.        standard deviation.

Answer: __________

7.         The two types of data that need to be collected during each reporting period are actual performance data and:

A.        the cost performance index.

B.        changes to the project scope, schedule, or budget.

C.        the budgeted cost of the work performed.

D.        the budgeted cost of the work scheduled.

Answer: __________

8.         Generally speaking, an RFP offers one of two types of contracts to the winning bidder: __________ or ___________.

A.        adjustable price; time and materials

B.        fixed price; time and materials

C.        fixed price; cost-reimbursement

D.        adjustable price; cost- reimbursement

Answer: __________

9.         A __________ is a popular network planning technique sometimes called a bar chart. It lists each task and the associated time scale.

A.        Gantt Chart

B.        PERT

C.        Responsibility Matrix

D.        Work Breakdown Structure

Answer: __________

10.       __________ is a technique used in problem solving in which all members of a group contribute spontaneous ideas.

A.        Mediation

B.        Collaboration

C.        Critical thinking

D.        Brainstorming

Answer: __________

Expert Answer


6. D . Standard Deviation. Considering a normal curve to represent the distribution, we will find that SD of a data point is, essentially its distance from the mean and greater the SD, greater is the spread.

7. B, Information on any changes to the project scope, schedule or budget. This is essential for accurate monitoring and control.

8. A. adjustable price; time and materials. RFP is basically a document issued by an organisation inviting Bids or Proposals from other organisations or independent contractors. If it is a Bid, price is negotiable and lowest bidder wins. If it is a Proposal, the company is actuall requesting an estimate of time and materials required for a particular project.

9.A. The Gantt charT deals with the sequence of tasks needed to complete the project. In this chart, each horizontal bar represents a task. The length of the bar represents the time required to complete the task. On an X-Y graph, the X-axis stands for the time in which the project will get completed.

10. D. Brainstorming

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