Description : Fill in the blank. A __ represents the sequence of the activities needed to complete the project. Select one: a. work break down structure b. scope of work c. project logic diagram d. run chart e. step change
Last Answer : c. project logic diagram
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 : A Gantt chart is used to show a project timeline diagrammatically. A. True B. Fa lse
Last Answer : A. True
Description : What is the default view of a new project in MS project? A. Gantt View B. Resource Graph C. Network View D.: Workbook View
Last Answer : A. Gantt View
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 cost impact of a risk event occurring as a project proceeds through its life cycle tends to A. Slowly rise B. Slowly drop C. Drop sharply and then level out D. Rise sharply and then level out
Last Answer : A. Slowly rise
Description : Creating a work plan requires three steps: identify the tasks that need to be accomplished, estimate the time that it will take to complete the tasks, and record the task completion time in a Gantt Chart.
Last Answer : Ans: False
Description : What is a visual representation of a project’s planned activities against a calendar called? a. A Gantt chart. b. A critical path network. c. A product flow diagram. d. A Pareto chart.
Last Answer : a. A Gantt chart.
Description : If you would like to see a list of resources and the tasks that people are assigned to. What view best displays this information? A.Resource Sheet B. Task Usage C. Gantt Chart D.: Resource Usage
Last Answer : C. Gantt Chart
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 : What Is A Gantt Chart?
Last Answer : A Gantt Chart is a way of illustrating multiple, time-based activities on a horizontal time-line.
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 : Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms
Last Answer : a. An approximation of project time and cost targets, refined throughout the project life cycle.
Description : Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms.
Description : Fill in the blank. Risk represents the likelihood that an event will happen during the life of the project that will negatively affect the ________________ of project goals. Select one: a. scope creep b. achievement c. float d. rough order of magnitude e. slack
Last Answer : b. achievement
Description : Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix
Last Answer : C. Resource Breakdown Structure
Description : Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis
Last Answer : d. Risks are identified with each major group of activities.
Description : This/These Management Guru/s, formulated a bar chart that measures planned and completed work along each stage of project A. Frederick Taylor B. Henry Gantt C. Frank and Lillian Gilbreth D. Henri Fayol
Last Answer : Henry Gant
Last Answer : Henry Gantt
Description : Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs.
Last Answer : c. The scope of the project.
Description : Which one of the following is captured in the Work Breakdown Structure (WBS)? A.The life cycle phases B.The logical order of tasks C.The scope of the project D. Project costs
Last Answer : C.The scope of the project
Description : Which one of the following is captured in the Work Breakdown Structure (WBS)? a. The life cycle phases. b. The logical order of tasks. c. The scope of the project. d. Project costs
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 : 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 : Risk in project management is defined as A.An uncertain event that, if it occurs, has a positive effect on project objectives B.An uncertain event that, if it occurs, has a negative ... effect on project objectives D.An uncertain event that do not have any effect on project objectives
Last Answer : C.An uncertain event that, if it occurs, has a positive or negative effect on project objectives
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
Description : In project management, which of the following is NOT a method of reducing the impact of an unexpected event? (A) Risk avoidance (B) Risk sharing (C) Risk transfer (D) Risk elimination
Last Answer : D) Risk elimination
Description : An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed. A. Random Chance B. Disaster C. Risk
Last Answer : C. Risk
Description : Explain how Gantt chart is used in project planning with proper example.
Last Answer : Use of Gantt Chart in Project Planning: Gantt Chart is a project planning tool that can be used to represent the timing of tasks required to complete a project. Because Gantt chats are simple to ... a chart, which are used to record the actual operating times and delays of workers and machines.
Description : Explain GANTT chart and its application for project tracking with an example.
Last Answer : When creating software project schedule, we begin with a set of tasks. If automated tools are used, the work breakdown is input as a task network or task outline. Effort, duration and start date are then ... can also use Gantt charts to get an overview of how things are rolling on the work front.
Description : Which of the following items should not be included in the project management plan? a) The techniques and case tools to be used b) Detailed schedules, budgets and resource ... development organisation, project responsibilities, managerial objectives and priorities e) None of the above.
Last Answer : c) The life cycle model to be used
Description : Complete the following statement. As the project progresses into the execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have been avoided.
Last Answer : a. risks need to be checked off on activities that have been performed.
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 : CASE tool is a popular graphic depiction of the work plan that lists project tasks along a y-axis, time along an x-axis, and uses shaded boxes to represent tasks.
Description : Which of the following is displayed as an S curve? A. Gantt B. Cost baseline C. Critical path D. Schedule baseline
Last Answer : B. Cost baseline
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 : PERT chart can be used to track the tasks of a project when task time estimates are fairly uncertain.
Last Answer : Ans: True
Description : A simple way of looking at the spiral life-cycle model is as a waterfall model with each phase proceeded by a) Build-and-fix b) Freezing c) Synchronization d) Testing e) Risk analysis
Last Answer : e) Risk analysis
Description : A compact estimate about the amount of materials handling between various work stations is obtained from the (A) Gantt chart (B) Bin chart (C) String diagram (D) Travel chart
Last Answer : (D) Travel chart
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 : 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 : One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase of ... the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.
Last Answer : a. facilitate formal go/no-go decision making during the project.
Description : In the ____ phase of the project life cycle the work gains momentum.
Last Answer : Ans. Quick Momentum
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 : 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.
Description : One of the reasons a project life cycle is split into phases is to: a. facilitate formal go/no-go decision making during the project. b. balance the costs of work in each phase ... the major deployments of resources throughout the project. d. chunk work into time periods of similar durations.