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NEW QUESTION: 1
The clearing house of a financial futures exchange:
A. is responsible for market making
B. does not regulate trader's activities
C. acts as counterparty to each buyer and seller
D. requires members to cover their commitments on a week-to-week basis
Answer: C
NEW QUESTION: 2
Calculate the variance for the following: Pessimistic=50, Optimistic=10, Realistic=24.
A. 0
B. Not enough information
C. 44.44
D. 55.55
Answer: C
NEW QUESTION: 3
Rather than use a WBS, your team developed a bill of materials to define the project's work components. A customer review of this document uncovered that a scope change was needed, because a deliverable had not been defined, and a change request was written subsequently. This is an example of a change request that was the result of______________
A. An error or omission in defining the scope of the project
B. An external event
C. An error or omission in defining the scope of the product
D. A value-adding change
Answer: C
Explanation:
The bill of materials provides a hierarchical view of the physical assemblies, subassemblies, and components needed to build a manufactured product, whereas the WBS is a deliverable-oriented grouping of project components used to define the total scope of the project, providing a structured vision of what has to be delivered. Using a bill of materials where a WBS would be more appropriate may result in an ill-defined scope and subsequent change requests. [Monitoring and Controlling] PMI@, PMBOK@ Guide, 2013, 125, 140; Ward 2008, 40
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