Description : Root Cause Analysis relates to: A. Process Analysis B. Quality Audits C. Quality Control Measurements D. Performance Measurements
Last Answer : A. Process Analysis
Description : Which one of the following statements is true? a. Independent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget. ... Quality planning enables the project manager to manage the trade-off between customer expectations and budget
Last Answer : c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and meet stakeholder expectations.
Description : Which one of the following statements is true? a. Independent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget. ... planning enables the project manager to manage the trade-off between customer expectations and budget.
Description : Process Analysis is a function of: A. Performance Analysis B. Quality Metrics C. Process Improvement Plan D. Quality Improvement Plan
Last Answer : C. Process Improvement Plan
Description : . In project management, the term quality is best defined as: a. inspection, testing and measurement. b. reviews and audits. c. fitness for purpose of deliverables. d. professionally-bound project reports.
Last Answer : c. fitness for purpose of deliverables.
Description : In project management, the term quality is best defined as: a. inspection, testing and measurement. b. reviews and audits. c. fitness for purpose of deliverables. d. professionally-bound project reports.
Description : A(n) _ is a review of the quality plan, procedures, data collection, and analysis by an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit
Last Answer : e. quality audit
Description : . The process that evaluates overall project performance to provide confidence is called: a. quality assurance. b. quality planning. c. quality control. d. quality audit.
Last Answer : a. quality assurance.
Description : Quality control in the final analysis is : 1. using the technical procedures of monitoring project results to decide if the outputs meet the requirements 2. a production system 3. an inspection system 4. fitness for purpose
Last Answer : 1. using the technical procedures of monitoring project results to decide if the outputs meet the requirements
Description : The process that evaluates overall project performance to provide confidence is called: a. quality assurance. b. quality planning. c. quality control. d. quality audit.
Description : Which of the following is a quality management system that gives titles to specialists and requires a cost-benefit analysis? Select one: a. Lean accounting b. Business process re-engineering c. Kaizen d. Six Sigma e. Total Quality Management
Last Answer : d. Six Sigma
Description : Project performance consists of (A) Time (B) Cost (C) Quality (D) All of the above
Last Answer : (C) Quality
Description : Project performance consists of (A)Time (B)Cost (C)Quality (D)All of the above
Last Answer : (D)All of the above
Description : Fill in the blank. The _____ is the difference between the additional money spent on prevention and the corresponding reduction in the cost of failure. Select one: a. cost-benefit analysis b. implicit cost c. cost of quality d. variable cost e. cost-utility analysis
Last Answer : c. cost of quality
Description : Determining the policies that are needed for the smooth execution of a project relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common ... role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose
Last Answer : d. Developing role clarification on projects
Description : The technical feasibility aspect of a project relates to the earning capacity of the project. (True/False)
Last Answer : Ans. False
Description : A is developed using historical cost information that relates some metric to the project cost. a) Algorithmic cost modelling b) Expert judgement c) Estimation by analogy d) Parkinson’s Law
Last Answer : a) Algorithmic cost modelling
Description : Risk, as it relates to working capital, means that there is jeopardy to the firm for not maintaining sufficient current assets to . A. meet its cash obligations as they occur and take advantage ... above industry norms E. meet its cash obligations as they occur and support the proper level of
Last Answer : D. maintain current and acid-test ratios at or above industry norms
Description : Which of the following is a basic principle of finance as it relates to the management of working capital? A. Profitability varies inversely with risk. B. Liquidity moves together with risk. C. Profitability moves together with risk. D. Profitability moves together with liquidity.
Last Answer : C. Profitability moves together with risk.
Description : Which of the following is the most important element of Project Management Plan that is useful in HR Planning process: A. Risk Management activities B. Quality Assurance activities C. Activity Resource requirements D. Budget Control activities
Last Answer : C. Activity Resource requirements
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 : Which of the following activity is undertaken immediately after feasibility study and before the requirement analysis and specification phase? A. Project Planning B. Project Monitoring C. Project Control D. Project Scheduling
Last Answer : A. Project Planning
Description : Which of the following is not likely a quality control procedure on consultation? a. Identifies areas and specialized situations where consultation is required and encourages personnel to consult ... the result of consultation in those areas and specialized situations where consultation is required
Last Answer : Assigns an appropriate person or persons to be responsible for assigning personnel to audits
Description : An engagement quality control review is required to be performed: a. Immediately after the re-assessment of control risk. b. At engagement completion after the report is issued. c. For all audits of ... listed entities. d. For all types of audits, regardless of the subject matter of the engagement.
Last Answer : For all audits of financial statements of listed entities
Description : Effective project management focuses on the four P’s. What are those four P’s? a. People, performance, payment, product b. People, product, process, project c. People, product, performance, project d. All of the above.
Last Answer : b. People, product, process, project
Description : In tracking, reporting and controlling, the process engage whether the project results are in accordance with a. project plans b. performance specification c. both a, b d. none of the above
Last Answer : c. both a, b
Description : Which one of the following statements best describes the use of an issue log? a. A summary of all possible alternative resolutions of an issue. b. A summary of all the project issues, their ... for capturing all issues. d. A tool to ensure that the issue management process is adhered to.
Last Answer : b. A summary of all the project issues, their analysis and status.
Description : Identify the sub-process of process improvement a) Process introduction b) Process analysis c) De-processification d) Process distribution
Last Answer : b) Process analysis
Description : Feasibility analysis is the first stage in the process of project development. (True/False)
Last Answer : Ans. True
Description : Identify the sub-process of process improvement (A)Process introduction (B) Process analysis (C) De-processification (D)Process distribution
Last Answer : (A)Process introduction
Description : The process of assigning values for the time and effort needed to perform a system project is called _____. a. analysis b. estimation c. identifying d. planning
Last Answer : b. estimation
Description : The process of assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describes ... Risk Analysis B. Risk Identification C. Qualitative Risk Analysis D. Risk Management Planning
Last Answer : C. Qualitative Risk Analysis
Description : All of the following are true regarding the Qualitative Risk Analysis process except which one? A. Probability and impact and expert interview are used to help correct biases that occur in the data ... of this process used to determine which risks need near-term response plans.
Last Answer : C. Qualitative Risk Analysis is an easy method of determining risk probability and impact that usually takes a good deal of time to perform.
Description : A process that involves continuously improving and detailing a plan as more detail become available is termed as (A) project analysis (B) project enhancing (C) progressive deliberation (D) progressive elaboration
Last Answer : (D) progressive elaboration
Description : Evaluation process of proposed projects or groups of projects is known as: A. Project Analysis B. Project Compilation C. Project selection D. Project Documentation
Last Answer : C. Project selection
Description : Which of the following types of audits is performed to determine whether an entity's financial statements are fairly stated in conformity with generally accepted accounting principles? a. Operational audit b. Compliance audit c. Performance audit d. Financial statement audit
Last Answer : Financial statement audit
Description : Generally Accepted Auditing Standards (GAAS) and Philippine Standards on Auditing (PSA) should be looked upon by practitioners as a. Ideals to work towards, but which are not achievable. b. ... excellent work. d. Minimum standards of performance which must be achieved on each audit engagement.
Last Answer : Minimum standards of performance which must be achieved on each audit engagement.
Description : Operational audits generally have been conducted by internal and COA auditors, but may be performed by certified public accountants. A primary purpose of an operational audit is to provide: ... statements. d. A means of assurance that internal accounting controls are functioning as planned
Last Answer : A measure of management performance in meeting organizational goals
Description : The Philippine Framework for Assurance Engagements a. Provides a frame of reference for CPAs in public practice when performing audits, reviews, and compilations of historical financial information. b. ... of an assurance engagement, and identifies engagements to which PSAs, PSREs, and PSAEs apply
Last Answer : Defines and describes the elements and objectives of an assurance engagement, and identifies engagements to which PSAs, PSREs, and PSAEs apply
Description : In government auditing, the three elements of expanded scope auditing are a. Goal analysis, audits of operations, audit of systems. b. Financial and compliance, economy and efficiency, program ... , post-audit, internal audit. d. National government audit, local government audit, corporation audit
Last Answer : Financial and compliance, economy and efficiency, program results.
Description : Configuration management is best described as: a. control in the implementation of changes to project schedules. b. an organization to review proposed changes to the project deliverables ... and documentation. d. creation, maintenance and controlled change of the project deliverables.
Last Answer : d. creation, maintenance and controlled change of the project deliverables.
Description : Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. ... project do not increase. d. Any decrease in the scoped deliverable of the project is rejected.
Last Answer : a. All variance to the project scope is evaluated.
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 : Configuration management is best described as: a. control in the implementation of changes to project schedules. b. an organisation to review proposed changes to the project deliverables ... and documentation. d. creation, maintenance and controlled change of the project deliverables.
Description : Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome ... project do not increase. d. Any decrease in the scoped deliverable of the project is rejected
Description : The Three attributes of project risk are _________, ___________ and ___________. 1. What might happen, who it happens to, and how much will it cost 2. Notification, frequency of relevant events, ... planning, total number of risk events 5. Risk event, probability occurrence, the amount at stake
Last Answer : 5. Risk event, probability occurrence, the amount at stake