Description : PERT (Project Evaluation and Review Technique) analysis is based on A. Optimistic time, Pessimistic time and Most likely time B.Pessimistic time, Optional time, Maximum time C.Optimistic time, Efficient time, Most likely time D.Minimax time, Optimistic time and harmonic time
Last Answer : A. Optimistic time, Pessimistic time and Most likely time
Description : . The PERT in project management means program evaluation and _____ technique. (A) resource (B) reconciliation (C) reconsideration (D) review
Last Answer : (D) review
Description : For a project manager to have an effective means of identifying and communicating the planned activities and their interrelationships, he must use a network technique. One of the network ... evaluation review technique c. Path evaluation review technique d. Project execution review technique
Last Answer : b. Program evaluation review technique
Description : The first method invented for planning projects, was (A) Bar chart method (B) Milestone chart (C) Critical path method (CPM) (D) Programme Evaluation and Review Technique (PERT)
Last Answer : (A) Bar chart method
Description : PERT stand for: a. Performance Evaluation Review Technique b. Programme Evaluation Review Technique c. Programme Evaluation Research Technique
Last Answer : b. Programme Evaluation Review Technique
Description : PERT stands for __________. A. Programme Evaluation and Research Techniques. B. Project Evaluation and Review Techniques. C. Programme Evaluation and Review Techniques. D. Project Evaluation and Research Techniques.
Last Answer : C. Programme Evaluation and Review Techniques.
Description : Two mutually exclusive projects are being considered. Neither project will be repeated again in the future after their current lives are complete. There exists a potential problem though -- ... NPV technique and simply choose the highest IRR since managers are concerned about maximizing returns.
Last Answer : A. Rely on the NPV method and make your choice as it will tell you which one is best.
Description : A review undertaken to decide whether a project should proceed into its next phase is known as a: a. gate review. b. feasibility study. c. milestone review. d. evaluation review.
Last Answer : a. gate review.
Description : Which of the following establishes key dates throughout the life of a project that must be met for the project to finish on time? Select one: a. Critical path b. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedule
Last Answer : e. Milestone schedule
Description : PERT chart can be used to track the tasks of a project when task time estimates are fairly uncertain.
Last Answer : Ans: True
Description : While assessing your project processes, you have identified some uncontrolled process variations. Which of the following would be the appropriate chart you may use for this purpose? Select one: a. Pareto diagram b. PERT chart c. Control chart d. HR personnel chart e. Critical path
Last Answer : c. Control chart
Description : A horizontal bar chart that shows project tasks against a calendar is called (A) milestone (B) goal (C) Gantt chart (D) PERT chart
Last Answer : (C) Gantt chart
Description : Propagation mode of microwave in a waveguide is known as _______. A. TM B. TE C. SW D. TEM
Last Answer : B. TE
Description : Describe rectangular waveguide in TE & TM mode.
Last Answer : i. Mode is defined as all possible configuration of electric and magnetic field which can exists in the waveguide. ii. Modes in rectangular waveguides are labeled TEm,nif they are transverse ... exist in rectangular waveguides. The formula for characteristic wave impedance for TM modes is,
Description : Project crashing is the method for ------------- A. Shortening the project duration by reducing the time of one or more critical activities B.Adding resources at critical points C.Doing technical analysis of the finished work for review D.Adding duration to each activity
Last Answer : A. Shortening the project duration by reducing the time of one or more critical activities
Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation
Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation
Description : Why PERT is preferred over CPM for evaluation of project ?
Last Answer : PERT is based on the approach of multiple time estimates for each activity.
Description : Pick up the correct statement from the following: (A) Programme Evaluation and Review Technique, is event oriented (B) Programme Evaluation and Review Technique is not event oriented (C) Critical Path Method is event oriented (D) Critical Path method is event oriented
Last Answer : (A) Programme Evaluation and Review Technique, is event oriented
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 : What is the benefit of using PERT/CPM network as integral component of project management? a. They furnish a consistent framework for planning, scheduling, monitoring and controlling project b. They illustrate ... that the project will be completed by a specific date d. All of the above
Last Answer : d. All of the above
Description : Following are the phases of Project Management Life Cycle. Arrange them in correct order 1. Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery (A) 3-2-1-4 (B) 1-2-3-4 (C) 2-3-1-4 (D) 4-3-2-1
Last Answer : (A) 3-2-1-4
Description : Which of the following statements about risk is true? Select one: a. Project risk focuses on identifying, assessing, and eliminating the risks on the project. b. Risk management is all ... are no risk-free projects. e. Risk management involves identification, evaluation, and elevation of risk
Last Answer : d. There are no risk-free projects.
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
Last Answer : (D) 4-3-2-1
Description : )The engineer of the project in the planning phase and makes a significant contribution to the technical scope. This is an example of what type of skill and knowledge? 1. Inherent 2. Stakeholder 3. Technical evaluation 4. Convergent thinking
Last Answer : 2. Stakeholder
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 one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control
Last Answer : Answer: PERT
Description : The statistical tool that depicts a project’s tasks and the relationships between those tasks is known as (A) milestone (B) goal (C) Gantt chart (D) PERT chart
Last Answer : (D) PERT chart
Description : Which of the following statements is true? A. PERT is considered as a deterministic approach and CPM is a probabilis t ic techniques. B. PERT is considered as a probabilistic techniques ... and CPM are both probabilistic techniques. D. PERT and CPM are both considered as deterministic approachs
Last Answer : B. PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach
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 : 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 : 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, 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 : . A project leader or manager is expected to be completely accountable for his team members and meeting the team’s targets. (True/False)
Last Answer : Ans. True
Description : A project has a 60% chance of a $100,000 profit and a 40 per cent of a US $100,000 loss. The Expected Monetary Value for the project is A. $100,000 profit B. $60,000 loss C. $ 20,000 profit D. $40,000 loss
Last Answer : C. $ 20,000 profit
Description : You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the ... the weighted average or expected value? A. 54 B. 66 C. 60 D. 30
Last Answer : C. 60
Description : Political unrest, budget overruns, size and complexity of the project Answer: B (8)Decision trees are best used for : 1. Determining the interaction of the amount at stake and the expected ... and the associated events 4. A flow chart which determines the standard deviation of the risk event
Last Answer : 3. An illustration of how to see the interactions between decisions and the associated events
Description : The estimated benefits from a capital budgeting project are expected as cash flows rather than income flows because . A. it is more difficult to calculate income flows than cash flows B. it ... is central to the firm's capital budgeting decision C. this is required by the accounting profession
Last Answer : B. it is cash, not accounting income, that is central to the firm's capital budgeting decision
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 statements about the project risk register is false? a. It facilitates the review and monitoring of risks. b. It facilitates the risk appetite. c. It facilitates the recording of risk responses. d. It facilitates the recording of risks.
Last Answer : b. It facilitates the risk appetite.
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 : 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 : Project planning involves three processes:____ review, and __
Last Answer : Ans. Identification, analysis
Description : A project with total budget cost of 30 crores is scheduled to be completed in 80 weeks. A periodic review was carried out at end of 60 weeks and results are as given: Budgeted cost of work performed (EV) = 17 ... crores What is the cost performance index? A.0.895 B.0.81 C.0.90 D.1.12
Last Answer : A.0.895
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 statements about the project risk register is false? a. It facilitates the review and monitoring of risks. b. It facilitates the risk appetite. c. It facilitates the recording of risk responses. d. It facilitates the recording of risks
Last Answer : b. It facilitates the risk appetite
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