From a contract management perspective, the project manager must consider the: 1. acquisition process
Description : What is the last item a project manager must do to finalize project close-out? 1. Reassign the team 2. Contract completion 3. Archive the project records 4. Complete lessons learned 5. None of the above.
Last Answer : 2. Contract completion
Description : ) One of the initial project documents, issued by senior management, which outlines the authority of the project manager, is called Project charter. As a seller, what other document can be used in this place: 1. Work breakdown structure 2. Project scope 3. Contract 4. Internal memo
Last Answer : 3. Contract
Description : What is considered to be the most useful skill for a project manager who works in a matrix environment in order to achieve project goals? Select one: a. Leadership skill b. Influencing c. Conflict management skill d. Time management e. Planning skill
Last Answer : b. Influencing
Description : Which one of the following has the correct sequence? (a) Offer, acceptance, consideration, offer. (b) Offer, acceptance , consideration, contract (c) Contract, acceptance, consideration, offer. (d) Offer, consideration, acceptance, contract.
Last Answer : (b) Offer, acceptance , consideration, contract
Description : An Agreement is ................... (a) Offer (b) Offer+ Acceptance (c) Offer + Acceptance + Consideration (d) Contract
Last Answer : (b) Offer+ Acceptance
Description : As per section 2(e) of the Indian Contract Act, “Every Promise and every set of promise forming the consideration for each other is a/an (a) Contract (b) Agreement (c) Offer (d) Acceptance
Last Answer : (b) Agreement
Description : Every agreement and promise enforceable by law is ……………. (a) Offer (b) Contract (c) Acceptance (d) Consideration
Last Answer : (b) Contract
Description : Every promise and every set of promise forming the consideration for each other is a/an (a) contract. (b) agreement. (c) offer. (d) acceptance.
Last Answer : (b) agreement.
Description : Which of the following is an important action that must be taken by top management when implementing project management in an organization? 1. Completely selling the project management concept to the entire ... Choice of the type of project organization to be utilized. 4. All of the above.
Last Answer : 4. All of the above.
Description : The contract administration function includes: 1. funding management 2. managing relationships and interfaces 3. performance control 4. all of the above
Last Answer : 4. all of the above
Description : Complete the following statement. In a weak matrix environment, the project manager, Eric, has to constantly make an effort to influence his project team and stakeholders to ensure project success. ... managers. d. there are no functional managers. e. Eric has flexibility on authority.
Last Answer : b. Eric has no or little authority.
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 : You are a project manager for Picture Shades, Inc. It manufactures window shades that have replicas of Renaissance-era paintings on the inside for hotel chains. Picture Shades is taking its product to the home market, and you're managing the new ... B-C-E-H B. A-D-E-H C. A-F-G-H D. A-F-G-E-H
Last Answer : B. A-D-E-H
Description : CV = $70,000; AC = 90,000; Budget = $200,000. What percent of the project is complete? Select one: a. 80% b. 53% c. 45% d. 35% e. 75% Answer - a. 80% 39. As a project manager, John ... paid off the project. d. John's boss is happy. e. John and his team are promoted and get salary increases.
Last Answer : c. John’s client has paid off the project.
Description : Which one of the following is true for the Project Management Plan (PMP)? a. The Project Management Plan is developed by the project manager and team and owned by the sponsor. b. A ... The Project Management Plan is developed by the project manager and team and owned by the project manager.
Last Answer : d. The Project Management Plan is developed by the project manager and team and owned by the project manager.
Description : Which one of the following illustrates why effective project management is beneficial to an organization? a. It utilizes resources as and when required under direction of a project manager. b. ... d. It ensures that the chief executive is accountable for the achievement of the defined benefits.
Last Answer : a. It utilizes resources as and when required under direction of a project manager.
Description : A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor's responsibilities. c ... response activities to project personnel. d. allocate work packages to those responsible for project work.
Last Answer : d. allocate work packages to those responsible for project work.
Description : Who owns the Project Management Plan (PMP)? a. The project team. b. The chief executive. c. The project manager. d. The project support office.
Last Answer : c. The project manager.
Description : Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements
Last Answer : A. Conduct Procurements
Description : Andrew has joined as the Project Manager of a project. One of the project documents available to Andrew lists down all the risks in a hierarchical fashion. What is this document called? a. Risk Management Plan. b. List of risks. c. Monte Carlo diagram. d. Risk Breakdown Structure.
Last Answer : d. Risk Breakdown Structure.
Description : The process each manager follows during the life of a project is known as a) Project Management b) Manager life cycle c) Project Management Life Cycle d) All of the mentioned
Last Answer : c) Project Management Life Cycle
Description : What should be done by the project manager to ensure that all the work in the project is included? Select one: a. Create a contingency plan. b. Create a risk management plan. c. Create a WBS. d. Create a statement of work. e. Create a scope statement.
Last Answer : c. Create a WBS.
Description : When a project manager starts to plan a new project budget, the cost of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning
Last Answer : d. Closing
Description : As a project manager, while Kathy was trying to categorize all potential risks for her new construction project M based on levels of probability and impact on the project, she identified a potential risk, ... b. Risk management plan c. Project management plan d. WBS e. Scope management plan
Last Answer : d. WBS
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 : The process each manager follows during the life of a project is known as (A)Project Management (B) Manager life cycle (C) Project Management Life Cycle (D)All of the mentioned
Last Answer : (C) Project Management Life Cycle
Description : Your company has asked you to be the project manager for the product introduction of its new DeskTop Rock media system. You recently published the project scope statement. Which ... . Constraints B. Project specifications C. Requested changes D. Project configuration management requirements
Last Answer : C. Requested changes
Description : Which one of the following best describes project management? a. Using APM's Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has undertaken ... on a project full time. d. Application of processes and methods throughout the project life cycle.
Last Answer : d. Application of processes and methods throughout the project life cycle.
Description : Which one of the following is true for the Project Management Plan (PMP)? a. The Project Management Plan is developed by the project manager and team and owned by the sponsor. b. ... Management Plan is developed by the project manager and team and owned by the project manager.
Description : A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor's responsibilities. ... response activities to project personnel. d. allocate work packages to those responsible for project work.
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 : The most successful project manager usually: 1. works their way up from assistants in the project office to full-fledged project managers, supplementing that experience with formal ... . Has considerable experience as a functional manager before moving into the project management arena.
Last Answer : 1. works their way up from assistants in the project office to full-fledged project managers, supplementing that experience
Description : Expert power is the power that comes from the amount of knowledge a person has obtained in a specific area. This type ofpower is: 1. Critical to a project manager because the PM has to have ... by the PM because the PM cannot stay current on all areas of expertise and also manage the project
Last Answer : 4. Used sparingly if at all by the PM because the PM cannot stay current on all areas of expertise and also manage the project
Description : Setting the number of defects before the lot is rejected, is a direct responsibility of : 1. a functional worker 2. the project manager 3. management 4. the accounting department
Last Answer : 3. management
Description : The decision to request an increase the resources for a project is the responsibility of the: 1. Functional manager 2. Project manager 3. Director of project management 4. Customer
Last Answer : 2. Project manager
Description : Project Manager must ensure that it develops appropriate trade off/s as A. Time, cost and performance B. Time, value and performance C.Men, Materials and Machines D.Money, Cost and Return on Investment
Last Answer : A. Time, cost and performance
Description : To successfully manage a project, the PM must play both a manager and leadership role. In the manager role the PM will do all but which of the following: 1. Develop procedures 2. Align people 3. Produce results for stakeholder 4. Focus on the organization and its structure 5. Both b and d
Last Answer : 2. Align people
Description : (1)Milestones established by the customer must be adhered to by: 1. Project manager 2. Functional managers 3. The customer 4. Both a and b
Last Answer : 4. Both a and b
Description : From HR perspective, the project manager's responsibility in the planning role includes: 1. Hiring the team 2. Developing work schedules 3. Forecasting 4. Feedback sessions 5. Both b and c
Last Answer : 5. Both b and c
Description : Which is correct? A. Proposal + acceptance = promise B. Promise + consideration = agreement C. Agreement + enforceability = contract D. All the above.
Last Answer : D. All the above.
Description : The function of project initiation is to describe all the parameters of a project and establish the suitable project management and excellence environment necessary to complete the project. (True/False)
Last Answer : Ans. True
Description : . An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ... of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified.
Last Answer : b. capture learning and document it for future usage.
Description : The criteria for acceptance of a project on the basis of Profitability Index (PI) is A.PI=0 B. PI > 0 C. PI < 0 D. PI > 1
Last Answer : D. PI > 1
Description : The outputs of the Close Project process include all of the following except for which one? A. Administrative closure procedure B. Formal acceptance C. Lessons learned D. Closed contracts
Last Answer : C. Lessons learned
Description : An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ... of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified
Description : A project whose acceptance requires the acceptance of one or more alternative projects is referred to as . A. a mutually exclusive project B. an independent project C. a dependent project D. None of the above
Last Answer : B. an independent project