Mathematical models using linear, dynamic, integer, or algorithm models are 

considered 

A. Project selection criteria

B. A form of expert judgment

C. Project selection methods

D. A form of historical information

1 Answer

Answer :

C. Project selection methods

Related questions

Description : What are decision models?  A. Project selection criteria B. Project selection methods C. Project selection committees D. Project resource and budget selection methods

Last Answer : B. Project selection methods

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 : Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A) Algorithmic model (B) Expert judgment (C) Top down (D) Analogy

Last Answer : (D) Analogy

Description : Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known. (A)Algorithmic model (B)Expert judgment (C)Top down (D)Analogy

Last Answer : (D)Analogy

Description : Each component of the software product is separately estimated and the results aggregated to produce an estimate for the overall job. (A) Algorithmic model (B) Expert judgment (C) Bottom-up (D) Top down

Last Answer : (C) Bottom-up

Description : Each component of the product is separately estimated and the results aggregated to produce an estimate for the overall job. (A)Algorithmic model (B)Expert judgment (C)Bottom-up (D)Top down

Last Answer : (C)Bottom-up

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 : What is the most accurate method of obtaining project information that can reduce the amount  of risk? 1. Observations on the current project  2. Determining the risk by using brainstorming ... from previous projects that were similar in nature  4. Sensitivity analysis  5. Delphi technique.

Last Answer : 3. The use of historical data from previous projects that were similar in nature

Description : Which method is not included in seven Project Selection Methods?  A. Financial Analysis B. Strategic Alignment C. Weighted Scoring Model D. Straight line Model (Ans.)

Last Answer : D. Straight line Model (Ans.)

Description : During the planning development process, at times it is necessary to make certain assumptions to enhance the project plan when the data is not available. In regard to making those assumptions, ... upon historical data used for the project.  4. Senior management predefines the budget constraints.

Last Answer : 1. The assumptions will be considered as true, real, or certain.

Description : )Which form of power is the LEAST effective from the project manager's viewpoint in terms of influencing functional managers? 1. Formal power  2. Expert power  3. Penalty power  4. Referent power

Last Answer : 3. Penalty power

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 : Which one of the following best describes project success criteria? a. Actively seeking some senior management support. b. Measures by which the success of the project is judged. c. Achievement of milestones. d. A motivated project team.

Last Answer : b. Measures by which the success of the project is judged.

Description : Which one of the following is least likely to be a success criteria? a. A target for the project to receive zero change requests. b. The date by which the project is to be completed. c. Delivery of products that meet required specifications. d. The awarding of bonuses to senior management.

Last Answer : d. The awarding of bonuses to senior management.

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 : Project close out check list do not include the followings A. Confirm the customer satisfaction  B. Check that all the project criteria of the project have been met C. Confirm all the deliverables have been given to the customer  D. Changes suggested by Stockholder have not been delivered

Last Answer : D. Changes suggested by Stockholder have not been delivered

Description : Which one of the following best describes project success criteria?  a. Actively seeking some senior management support.  b. Measures by which the success of the project is judged.  c. Achievement of milestones.  d. A motivated project team.

Last Answer : b. Measures by which the success of the project is judged.

Description : )In a program or project plan, there are always revisions to account for new or missing data.  Which one of the following provides the best reason for performing a revision of the plan? 1. ... 4. Historical data on a similar project suggests that risk events are not included in the current  plan.

Last Answer : 2. Project tasks are crashed to meet their end dates

Description : A project management information system consists of: 1. A project management software package operating on appropriate computer facilities  2. Hardware, software, documents, and procedures  3. Automated and ... of  pertinent information for members of a project team  4. All of the above

Last Answer : 4. All of the above

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 similar ... 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 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 : The _____ is a dynamic schedule that logs and monitors all of the tasks that need to be  accomplished for the length of the project.  a. margin of error  b. project manager  c. project objective d. timebox  e. work plan

Last Answer : e. work plan

Description : Fill in the blank. During the _________ of a project, the project manager focuses on  developing the project infrastructure needed to execute the project and developing  clarity around the project charter and scope. ... one: a. completion b. start-up c. execution d. evaluation e. selection

Last Answer : b. start-up

Description : Fill in the blank. During the _________ of a project, the project manager  focuses on developing the project infrastructure needed to execute the  project and developing clarity around the project charter and scope. ... one: a. completion b. start-up c. execution d. evaluation e. selection

Last Answer : b. start-up

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 : Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of ... order quantity model to stock management E. Adopting the use of just-in-time stock management

Last Answer : B. Using cash management models to optimise the level of cash held

Description : Which one is a true statement relating to project communications? a. A project sponsor is responsible for all communication methods and media. b. Different stakeholders typically have different communication needs ... project. d. Email is the only way to communicate with large numbers of people.

Last Answer : b. Different stakeholders typically have different communication needs.

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 methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities

Last Answer : a. project management.

Description : Which one is a true statement relating to project communications?  A. A project sponsor is responsible for all communication methods and media.  B.Different stakeholders typically have different communication ... project.  D. Email is the only way to communicate with large numbers of people

Last Answer : B.Different stakeholders typically have different communication needs

Description : Which one is a true statement relating to project communications?  a. A project sponsor is responsible for all communication methods and media.  b. Different stakeholders typically have different communication ... project.  d. Email is the only way to communicate with large numbers of people.

Last Answer : b. Different stakeholders typically have different communication needs.

Description : The sales prediction technique that is based on the relationship between sales and other factors--such as population density, per capita income, or family size--is A)executive judgment. B)time series analysis. C)regression analysis. D)a market test. E)an expert survey.

Last Answer : C)regression analysis.

Description : . Which of the following is empirical estimation technique? (i) expert judgement (ii) Delphi estimation (iii) COCOMO (iv) Critical path Method A. only i, ii & iii B. only i & ii C. only i, iii & iv D. All of the above

Last Answer : B. only i & ii

Description : Which of the following states that work expands to fill the time  available. a) CASE tools b) Pricing to win c) Parkinson’s Law d) Expert judgement

Last Answer : c) Parkinson’s Law

Description : Which technique is applicable when other projects in the same analogy application domain have been completed? a) Algorithmic cost modelling b) Expert judgement c) Estimation by analogy d) Parkinson’s Law

Last Answer : c) Estimation by analogy

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 : The criteria for evaluating quantitative information vary. For example, in the audit of historical financial statements by CPA firms, the criteria are usually: a. Generally accepted auditing ... Regulations of the Securities and Exchange Commission d. Regulations of the Bureau of Internal Revenue

Last Answer : Acceptable financial reporting framework

Description : The expert system developed at MIT to solve mathematical problems is known as ___________ a) RAND b) ISIS c) MACSYMA d) MOLGEN

Last Answer : c) MACSYMA

Description : Explain The Popular Software Development Life Cycle Models?

Last Answer : Waterfall model: This is the oldest model. It represents sequence of stages; output of one stage becomes input of others. Spiral Model: This is improved version of waterfall model. Here we ... the product is divided into sections and each section of the product are created and tested separately.

Description : The entire process of a project may be considered to be made up on number of sub process placed in different stage called the (A) Technical key resources (B) Work key structure (C) Work Breakdown Structure (WBS). (D) None of the above

Last Answer : (C) Work Breakdown Structure (WBS).

Description : Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover

Last Answer : c) Testing

Description : In the project planning, which of the following is considered as the most basic parameter  based on which all other estimates are made? A. project size B. project effort C. project duration D. project schedule

Last Answer : A. project size

Description : Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover

Last Answer : c) Testing

Description : An Expected Monetary Value (EMV) of $100000 on a potential project event in the  project means which of the following? Select one: a. A number that can be ignored b. An opportunity that ... Actual investment returns on the event e. A threat that must be considered to minimize the project risk

Last Answer : b. An opportunity that must be explored

Description : Fill in the blank. Risk must be considered in the _____ phase and weighed against  the potential benefit of the project’s success in order to decide if the project should  be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Last Answer : e. initiation

Description : Fill in the blanks. It is during the ______________ phase that the decision should be  made regarding whether the project should continue. During this phase, ____________  must be considered and weighed ... . closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Last Answer : e. initiation, risk

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 : The entire process of a project may be considered to be made upon a number of sub- processes placed in different stages called the Work Breakdown Structure. (True/False)

Last Answer : Ans. True

Description : The entire process of a project may be considered to be made up on number of sub process placed in different stage called the (A)Technical key resources (B)Work key structure (C)Work Breakdown Structure (WBS). (D)None of the above

Last Answer : (C)Work Breakdown Structure (WBS).