Description : The phases of a project life cycle are: a. starting, planning, control and closing. b. concept, definition, development, handover and closure. c. initiation, definition, planning, monitoring and operations. d. concept, definition, implementation and operations.
Last Answer : b. concept, definition, development, handover and closure.
Description : Which of the following processes serve as inputs to each other? A. Executing, and Monitoring and Controlling B. Executing and Closing C. Planning, and Monitoring and Controlling D. Executing and Initiation
Last Answer : A. Executing, and Monitoring and Controlling
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 : The business case and the justification for the project is determined during the _____ phase. (A) initiation (B) planning (C) execution (D) closure
Last Answer : (A) initiation
Description : Assembling project team and assigning their responsibilities are done during which phase of a project management? (A) Initiation (B) Planning (C) Execution (D) Closure
Last Answer : A) Initiation
Description : How the project work will be carried out, monitored, and controlled? These questions are answered in which phase of the project management? (A) Initiating (B) Planning (C) Executing (D) Closing
Last Answer : (B) Planning
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 : What are the 5 major processes of project management? A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.) B. Starting, Closing, Managing, Planning, ... Finishing, Monitoring and Controlling, Executing, Planning D. Starting, Finishing, Executing, Managing, Closing
Last Answer : A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.)
Description : The project closing process is essential to overall project planning. What is considered one of the most important steps in closing the project? 1. Insuring that plans are produced to implement ... . 3. Transition the lease of equipment to the owner 4. Satisfying the contractual obligations
Last Answer : 4. Satisfying the contractual obligations
Description : The scope of the work is defined in which phase of the project management? (A) Initiating (B) Planning (C) Executing (D) Closing
Last Answer : (A) Initiating
Description : Which of the following is not correct about initial phase of a project? a. The cost associated at the beginning of the project is highest. b. Stakeholders have maximum influence during this phase c. The highest uncertainty is at this stage of the project. d. All the above statements are correct.
Last Answer : a. The cost associated at the beginning of the project is highest.
Description : According to the PMBOK Guide, the project manager is identified and assigned during which process? A. Prior to beginning the Develop Project Charter process B. At the conclusion of the ... . Prior to beginning the Planning processes D. Prior to beginning the Preliminary Scope Statement process
Last Answer : C. Prior to beginning the Planning processes
Description : The review of the successes and the mistakes is normally held during _____ phase. (A) initiation (B) planning (C) execution (D) closure
Last Answer : (D) closure
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 : The planning and scoping should be such that the project manager can assess every stage of the project and the quality of the deliverable of the project at every stage. (True/False)
Last Answer : Ans. True
Description : Which stage of project management life cycle requires the maximum time of completion A.Conceptualization B.Planning C.Execution D.Estimation
Last Answer : C.Execution
Description : Estimates from the planning stage will need to be refined as the project progresses, because it is virtually impossible to develop an exact assessment of the project’s schedule before the analysis and design phases are conducted.
Last Answer : Ans: True
Description : Changes to the project involve moving from: A. Project control stage to project definition stage B. Project control stage to project planning stage C. Project control stage to understanding the project environment stage D. None of the above
Last Answer : A. Project control stage to project definition stage
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 : ___ builds on the work done in project initiation through the development of a project
Last Answer : Ans. Project planning
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)
Description : The process of Control Procurements falls under which process group A. Planning B. Closing C. Monitoring and Control D. Executing
Last Answer : C. Monitoring and Control
Description : Which of the following processes are performed in the Closing process group and in what order? A. Contract Closure and then Close Project B. Scope Verification and then Close Project C. Contract Closure and then Scope Verification D. Close Project and then Contract Closure
Last Answer : A. Contract Closure and then Close Project
Description : Which of the following is NOT a part of project management? (A) initiating (B) monitoring (C) closing (D) All above are parts
Last Answer : (D) All above are parts
Description : The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that ... responses to the project risks. d. identify and describe risks that have occurred on previous projects.
Last Answer : b. identify and describe all risks that might occur on the project.
Description : According to PMBOK, project management process groups are iterative, which was originally defined by Walter Shewhart and later modified by Edward Deming. Generally, one outcome from a previous process can serve ... -Do-Check-Act cycle c. Project phases d. PM processes e. HR process cycle
Last Answer : b. Plan-Do-Check-Act cycle
Description : The main outcome of risk identification, in a risk management process, is to: a. identify and determine the relative importance of the project risks. b. identify and describe all risks that ... to the project risks. d. identify and describe risks that have occurred on previous projects.
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 : Auditors perform analytical procedures in the planning stage of an audit for the purpose of: a. Determining which of the financial statement assertions are the most important for the client's ... matters to cover in an engagement. d. Identifying unusual conditions that deserve more auditing effort
Last Answer : Identifying unusual conditions that deserve more auditing effort
Description : During which stage of Risk planning are risks prioritized based on probability and impact? a. Identify Risks b. Plan Risk responses c. Perform Qualitative risk analysis d. Perform Quantitative risk analysis
Last Answer : c. Perform Qualitative risk analysis
Description : In deciding the optimal level of current assets for the firm, management is confronted with . A. a trade-off between profitability and risk B. a trade-off between liquidity and risk C. a trade-off between equity and debt D. a trade-off between short-term versus long-term borrowing
Last Answer : A. a trade-off between profitability and risk
Description : In the ____ stage, of project identification the project ideas generated above are screened and a preliminary exercise is conducted to weed out the bad or unviable ideas.
Last Answer : Ans. Screening
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 : In the initial stage of the project the probability of completing the project is ___ . (A) Zero (B) High (C) Low (D) Any of the above
Last Answer : (C) Low
Description : Resorce requirement in project becomes constant while the project is in its _____ progress stage. (A) 40 to 55% (B) 55 to 70% (C) 70 to 80% (D) 80 to 95%
Last Answer : (D) 80 to 95%
Description : Feasibility analysis is the first stage in the process of project development. (True/False)
Description : It is often difficult to estimate size at an early stage in a project when only a specification is available a) True b) False
Last Answer : a) True
Description : Controlling the changes in the project may affect (A)The progress of the project (B)Stage cost (C)Project scope (D)All of the abov
Last Answer : (D)All of the abov
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 : In the initial stage of the project the probability of completing the project is . (A)Zero (B)High (C)Low (D)Any of the above
Last Answer : (C)Low
Description : Resorce requirement in project becomes constant while the project is in its progress stage. (A) 40 to 55% (B) 55 to 70% (C) 70 to 80% (D) 80 to 95%
Description : .In the initial stage of the project the probability of completing the project is ___ . A.Zero B.High C.Low D.Medium
Last Answer : C.Low
Description : You are the project manager for a cable service provider. Your team members are amiable with each other and are careful to make project decisions jointly. Which of the following statements is true? ... stage of Develop Project Team. D. They are in the forcing stage of Develop Project Team.
Last Answer : B. They are in the norming stage of Develop Project Team.
Description : You are the project manager for a cable service provider. Your project team is researching a new service offering. They have been working together for quite some time and are in the performing ... will start all over again at the storming stage but quickly progress to the performing stage.
Last Answer : C. The team will start all over again with the forming stage.