Description : During the project meeting, the project manager had to leave earlier due to a family emergency. Afterwards, a few team members started to argue, so the project meeting took very long without ... team members to take over more responsibilities. e. The project team was not very cooperative.
Last Answer : a. No project team ground rules were set up.
Description : Jim Smith, the project manager for a high-profile project, has permitted the users to add additional features to the systems project. The schedule and costs are now running over. This project suffers from poor standards.
Last Answer : Ans: False
Description : One of the greatest weaknesses of systems consulting firms is that they try to apply estimates and methodologies that they have developed over time and applied to other projects, most of which are very different from the current project.
Description : Engineering: a) Is a set of rules about developing products b) Has been around as a discipline since the early 50's c) Started as a response to the so-called Crisis' of the ... with all the aspects of production e) Is now a mature discipline on par with other established engineeringfields
Last Answer : d) Is an engineering discipline concerned with all the aspects of production
Description : The document that describes the project’s objectives and rules is called the project charter.
Last Answer : Ans: True
Description : As a PMP, you will be required to comply with the PMP Code of Professional Conduct. This code refers to all of the following except which one? A. Reporting conflicts of interest ... C. Complying with the stakeholder requirements D. Complying with the rules and standards of foreign countries
Last Answer : C. Complying with the stakeholder requirements
Description : Your upcoming project includes project team members from a foreign country. To make certain that cultural differences don't interfere with team performance, thereby affecting the success of the project ... exercises. D. Inform the team members of the organization's rules and standards.
Last Answer : A. Provide diversity training to all the team members.
Description : As a project manager, Tyler is so happy that all expected project deliverable have been accomplished by his project team. What is the next step for his project to proceed in order to verify ... deliverables. e. Invite a few experts to judge the quality of all the completed project deliverables.
Last Answer : d. Ask his client to conduct an inspection on all of the completed project deliverables.
Description : Traditional Work Breakdown Structures tend to a. focus on the design of the system as oppose to the needs of the current phase and iteration b. force too many levels of detail early on for large ... project and difficult to compare across projects d. all of the above e. none of the above
Last Answer : d. all of the above
Description : . A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives
Last Answer : d. planning to achieve defined objectives.
Description : Which model assumes that systems are created fromreusable components, scripting or database programming? a) An application-composition model b) A post-architecture model c) A reuse model d) An early design model
Last Answer : a) An application-composition model
Description : Identify, from among the following, the correct statement. a) One of the main challenges Engineering facing today is the requirement of most systems to work with a multitude of homogenous systems ... of component based assembly, we find that onlyless than 20% of today's is still custom built
Last Answer : c) does not wear-out in the traditional sense of the term, but does tend to deteriorate as it evolves
Description : Lauren, a systems analyst, has excellent interpersonal skills. To take advantage of her skills, the functional lead of the project should assign her to program in Java and C++
Description : Project management is the second major component of the planning phase of the systems development life cycle (SDLC), and it includes three steps: creating the work plan, staffing the project, and controlling and directing the project.
Description : Using the shortcut method to determine the complexity of a systems project, a very complex system having 300 unadjusted function points would have 405 adjust function points.
Description : Using typical industry standards for estimating project time schedules, the estimated analysis phase would be 10 person-months for a systems project where the planning phase was completed in 7.5 person-months.
Description : Using typical industry standards for estimating project time schedules, the estimated analysis phase would be 25 person-months for a systems project where the planning phase was completed in 30 person-months.
Description : When estimating project time schedules using industry standards for a systems project, the following values are acceptable: 15% for planning, 25% for analysis, 50% for design, and 10% for implementation.
Description : When planning a systems project, overly optimistic timetables are the cause of project completion delays.
Description : Assume a systems development project effort calculation determines that the system will require 240 function points. If the developers choose to implement this system in the C programming language, approximately ... without more information c. exactly the same d. much greater e. much less
Last Answer : e. much less
Description : . When estimating project time schedules using industry standards, the estimated project completion time for a systems project would be _____ person-months if the actual planning phase were completed in 6 person-months. a. 30 b. 40 c. 17.14 d. 9 e. 50
Last Answer : b. 40
Description : Kathryn has little experience estimating the time it will take to complete a systems project. She has just completed the planning phase of the project. What method should she use to estimate the ... b. function points c. industry standards d. Microsoft Project e. more complex approach
Last Answer : c. industry standards
Description : Ryan, a newly hired systems analyst/consultant, is about to begin a systems project. Where will Ryan look first to locate the identifiable tasks he will record in his work plan? a. ... . the project planning software available at the local bookstore e. the website of his old college professor
Last Answer : c. the company training materials for the company methodology
Description : The most significant challenge to project managers is _____. a. lack of project management training b. no one really understands how to manage a complex systems development project ... tools that can assist in controlling project progress d. unrealistic schedule demands by project sponsors
Last Answer : d. unrealistic schedule demands by project sponsors
Description : A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives.
Description : When a project has completed the handover and closure phase: a. the project deliverables are ready for commissioning. b. the project deliverables are ready for handing over to the users. c. the project ... must be disposed of. d. the capability is now in place for the benefits to be realized.
Last Answer : d. the capability is now in place for the benefits to be realized.
Description : Which of the following project baselines provides the basis for measurement of the expected cash flow against requirements over time and is often displayed as an S curve? Select one: a. Schedule baseline b. Cost performance baseline c. Scope baseline d. Plan baseline e. Initiation baseline
Last Answer : b. Cost performance baseline
Description : In large organisations, project management shall be of line type function where the project manager shall have ____ and has total formal control over the division he or she heads
Last Answer : Ans. Full line authority
Description : Project closure involves releasing the final product to the customer, handing over the project documentation, manuals, source code, and network layouts. (True/False)
Last Answer : Ans. True
Description : According to a statistical report: over 30% of all projects are cancelled before completion and over 70% of the remainder fail to deliver expected features . What must be the reason for such ... change management b) Poor requirements management c) Poor quality control d) All of the mentioned
Last Answer : b) Poor requirements management
Description : The RUP is normally described from three perspectives- dynamic, static& practice. What does static perspective do? a) It shows the process activities that are enacted. b) It suggests good practices to be used during the process. c) It shows the phases of the model over time.
Last Answer : a) It shows the process activities that are enacted.
Description : The payback period is the period A. a project takes to pay back the loan taken to purchase the capital assets B. equal to the useful life of the machines C. a project takes to recover its initial cash outflow D. over which the project will be getting operating cash inflows
Last Answer : C. a project takes to recover its initial cash outflow
Description : A schedule performance index (SPI) of 0.76 means: A. You are over budget B. You are ahead of schedule C. You are only progressing at 76 percent of the rate originally planned D. You are only progressing at 24 percent of the rate originally planned
Last Answer : C. You are only progressing at 76 percent of the rate originally planned
Description : Scope creep is only a minor factor in projects running over schedule, and every effort should be made to incorporate any changes into the present system if they would truly be beneficial.
Description : The work plan records and keeps track of all of the tasks that need to be accomplished over the life of the project, listing each task, along with important information about it, such as when it needs to be completed, the person assigned to do the work, and any deliverables that will result.
Description : You are the project manager for a cable service provider. Your project team is researching a new service offering. They have been working together for quite some time and are in the performing ... will start all over again at the storming stage but quickly progress to the performing stage.
Last Answer : C. The team will start all over again with the forming stage.
Description : The network diagram is the best tool for demonstrating: A. Schedule variances B. Resource requirements C. The sequence of project activities D. Schedule performance over time
Last Answer : C. The sequence of project activities
Description : When a project has completed the handover and closure phase: a. the project deliverables are ready for commissioning. b. the project deliverables are ready for handing over to the users. c. the ... must be disposed of. d. the capability is now in place for the benefits to be realised.
Last Answer : d. the capability is now in place for the benefits to be realised.
Description : The Project charter is created by: 1. The project manager 2. Upper management 3. The Vice President over a functional management group 4. The customer
Last Answer : 2. Upper management
Description : Cost controls can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could ... of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis.
Last Answer : 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis.
Description : Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could ... of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis
Last Answer : 3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed
Description : The strategy used to correct resource over-allocations by balancing demand for resources and the available supply is known as (A) resource assignment (B) resource leveling (C) resource splitting (D) resource scheduling
Last Answer : (B) resource leveling
Description : Which of the following statements is most correct? A. For small companies, long-term debt is the principal source of external financing. B. Current assets of the typical manufacturing firm account ... the financial manager to make a decision and not address the issue again for several months.
Last Answer : B. Current assets of the typical manufacturing firm account for over half of its total assets.
Description : "How will conflicts over resources/facility usage between this and other projects be settled?", is critically settled at level A. Main program B. Project formation C. Project Buildup D. Project Buildup
Last Answer : B. Project formation
Description : How will conflicts over resources/facility usage between this and other projects be settled?", is critically settled at level A. Main program B. Project formation C. Project Buildup D. Project Buildup
Description : Which of the following statements is/are not correct with respect to the Constant Mix Strategies' of asset allocation? I. Investors adopting these strategies tend to maintain an exposure to stocks that are in constant ... strategies. A. Only (I) above B. Only (II) above C. Only (III) above
Last Answer : C. Only (III) above
Description : Which of the following statements is true of Insured Asset Allocation? A. It is aimed at benefiting from short-term under pricing and over pricing of assets. B. In this strategy the risk ... . It is a strategy aimed at achieving the objectives of the investor without depending on market timing
Last Answer : E. It is a strategy aimed at achieving the objectives of the investor without depending on market timing.
Description : Is It Still Worthwhile To Do Risk Management When A Project Is Half Over?
Last Answer : Yes, there are still risks associated with a project even if it is half over. This also forms a baseline for the remainder of the project.
Description : Why are rules and regulations required in the marketplace? Illustrate with a few examples. -Economics 10th
Last Answer : Rules and regulations are required in the market place due to the following reasons :The consumers are exploited by the shopkeepers and traders in different ways such as less weight or measurement, ... cancer. Hence there is a need for rules and regulations to ensure protection for consumers.
Description : The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act-1934 B. Banking ... , 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above
Last Answer : D. Payment and Settlement Systems Act (PSS Act), 2007 Explanation: The Overseas Principal should obtain necessary authorisation from the Department of Payment and Settlement Systems, Reserve Bank of India ... Payment and Settlement Systems Act (PSS Act), 2007 to commence/ operate a payment system.