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NEW QUESTION: 1
The clearing house of a financial futures exchange:
A. requires members to cover their commitments on a week-to-week basis
B. is responsible for market making
C. acts as counterparty to each buyer and seller
D. does not regulate trader's activities
Answer: C
NEW QUESTION: 2
Calculate the variance for the following: Pessimistic=50, Optimistic=10, Realistic=24.
A. 44.44
B. Not enough information
C. 55.55
D. 0
Answer: A
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. A value-adding change
B. An error or omission in defining the scope of the project
C. An error or omission in defining the scope of the product
D. An external event
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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