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NEW QUESTION: 1
Which of the following describes the statement below?
"It allocates continuous monitoring of the schedule, permits the project manager to track the critical activities, and alerts the project manager to the possibility that non-critical activities may be delayed beyond their total float, thus creating a new critical path and delaying project completion."
A. CPM
B. WBS
C. RBS
D. Gantt chart
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Answer option D is correct.
CPM allocates continuous monitoring of the schedule, permits the project manager to track the critical activities, and alerts the project manager to the possibility that non-critical activities may be delayed beyond their total float, thus creating a new critical path and delaying project completion.
Critical Path Method, abbreviated CPM, or Critical Path Analysis, is a mathematically based algorithm for scheduling a set of project activities. It is an important tool for effective project management. It provides the following benefits:
Provides the graphical view of the project

Predicts the time required to complete the project

Shows which activities are critical to maintain the schedule and which are not

CPM models the activities and events of a project as a network. Activities are depicted as nodes on the network, and events that signify the beginning or ending of activities are depicted as arcs or lines between the nodes.
Answer option A is incorrect. A Work Breakdown Structure (WBS) is a visual decomposition of the project scope. The project scope is taken and broken down into smaller, more manageable units. Each of these units can be broken down again and again until you define the smallest item in the WBS called the work package.
Project groups and the project's discrete work elements are defined in a way that helps organize and define the total work scope of the project. A WBS element may be a product, data, a service, or any combination. WBS also provides the necessary framework for detailed cost estimating and control along with providing guidance for schedule development and control. Answer option C is incorrect. A resource breakdown structure (RBS) is a visual decomposition of the program scope and the resources needed in order to create the things defined within the program scope. The resource breakdown structure is a hierarchical structure that is used to represent the enterprise resources. It also enables a user to create program plans with detailed resource assignments. It also allows comparison of the workload with detailed resource availabilities. The resource breakdown structure also enables roll-up of both resource assignments and availability data to a higher level.
Answer option B is incorrect. A Gantt chart is a type of bar chart that illustrates a project schedule. Gantt charts illustrate the start and finish dates of the terminal elements and summary elements of a project. The terminal elements and summary elements comprise the work breakdown structure of the project. Some Gantt charts also show the dependency (i.e., precedence network) relationships between activities. The Gantt charts can be used to show the current schedule status using percent-complete shadings and a vertical "TODAY" line.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Time and Cost Management Objective: Critical Path Scheduling

NEW QUESTION: 2
What term best describes the OS X feature that restricts the system resources, such as files, that an application can access?
A. Library randomization
B. Sandboxing
C. Firewall
D. Execute disable
Answer: B
Explanation:
Reference:http://whitepapers.hackerjournals.com/wp-content/uploads/2011/02/Mac-OS-X-Security.pdf(page 10)

NEW QUESTION: 3
A department store sells gift certificates that may be redeemed for merchandise. Each certificate expires 3 years after issuance. The revenue from the gift certificates should be recognized:
A. Evenly over 3 years from the date of issuance.
B. In the period the certificates are redeemed or in the period they expire if they are allowed to lapse.
C. In the period the certificates are sold.
D. In the period the certificates expire.
Answer: B
Explanation:
Income, which includes revenue and gains, should not be recognized until an increase future economic benefits related to an increase in an asset or a decrease in a liability is sufficiently certain and can be measured reliably_ These criteria are met when the certificates are redeemed or expire because the liability for redemptions will then decrease and economic benefits will be reliably measurable. On January 1, Year 1, a construction company signed a contract with a property management firm involving the construction of a large urban office tower. The total price of constructing the tower was agreed to be US $10 million with US $2 million being paid on the date of the agreement. Construction began immediately upon the signing of the contract and was expected to take 3 years to complete. The original estimate of total construction costs was US $8 million. During the year ended December 31, Year 1, US $4 million of construction costs were incurred, and engineering estimates indicated that the office tower was 30% complete at year-end. At year-end, the revised estimate of total construction costs was US $8.5 million and the properly management firm had been billed a further US $4 million, although only US $1 million of that amount had been collected by year-end.