Description : The main product is……….. a. project proposal b. Problem Identification c. Problem Definition d. Project Planning
Last Answer : a. project proposal
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 : 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 : 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 : _____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality. a. Project management b. Symantic timeline c. Task identification d. Time estimation e. Work plan
Last Answer : a. Project management
Description : Monte Carlo analysis can help predict the impact of risks on project deliverables. This is an element of one of the tools and techniques of which of the following processes? A. Risk Response Planning B. Quantitative Risk Analysis C. Risk Identification D. Qualitative Risk Analysis
Last Answer : B. Quantitative Risk Analysis
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 : 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 : Listing goals of each existing and proposed project is first step in A. Data Collection B. Establishment of Project council C. Prioritizing the projects D. Identification of project categories
Last Answer : D. Identification of project categories
Description : . A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives
Last Answer : d. planning to achieve defined objectives.
Description : Which one of the following illustrates why effective project management is beneficial to an organization? a. It utilizes resources as and when required under direction of a project manager. b. ... d. It ensures that the chief executive is accountable for the achievement of the defined benefits.
Last Answer : a. It utilizes resources as and when required under direction of a project manager.
Description : Project reporting can best be defined as: a. informing stakeholders about the project. b. storing and archiving of project information. c. gathering stakeholder feedback. d. collecting project information.
Last Answer : a. informing stakeholders about the project.
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 : . A project is typically defined in terms of scope, time, cost and which other parameter? a. Benefits. b. Quality. c. Tolerance. d. Controls.
Last Answer : b. Quality.
Description : Scheduling can best be defined as the process used to determine: a. overall project duration. b. project cost estimating. c. the project management plan. d. sub-contractor’s responsibilities.
Last Answer : a. overall project duration.
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 : According to the Project Management Institute (PMI), project management is defined as the application of knowledge, _____, _____, and techniques to project activities to meet the project requirements . Select ... b. tools, analysis c. analysis, theories d. skills, tools e. skills, theories
Last Answer : d. skills, tools
Description : ____ of a project should be clearly defined, measurable, and achievable.
Last Answer : Ans. Objectives
Description : What are the signs that a project is in trouble? a. The product scope is poorly defined. b. Deadlines are unrealistic. c. Changes are managed poorly. d. All of the above.
Last Answer : d. All of the above.
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 : How many PM knowledge areas are defined by Project Management Institute (PMI) A. Six B. Four C. Eight D. Ten (Ans.)
Last Answer : D. Ten (Ans.)
Description : What is a project? A. A permanent endeavor that consumes resources, has objectives based on specifications, and consumes resources. (Ans.) B. A temporary endeavor which uses a series of ... , defined start and end dates, have funding limits, consume resources, and create a lasting outcome.
Last Answer : A. A permanent endeavor that consumes resources, has objectives based on specifications, and consumes resources. (Ans.)
Description : A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives.
Last Answer : a. informing stakeholders about the project
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 project is typically defined in terms of scope, time, cost and which other parameter? a. Benefits. b. Quality. c. Tolerance. d. Controls.
Description : Scheduling can best be defined as the process used to determine: a. overall project duration. b. project cost estimating. c. the project management plan.
Description : A risk is defined as what might happened to the ____________ of the project 1. assessment 2. detriment 3. schedule 4. cost 5. scope
Last Answer : 2. detriment
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 a Configuration Management Activity? a) Configuration item identification b) Risk management c) Release management d) Branch management
Last Answer : b) Risk management
Description : Which of the following processes assesses the likelihood of risk occurrences and their consequences using a numerical rating? A. Qualitative Risk Analysis B. Risk Identification C. Quantitative Risk Analysis D. Risk Response Planning
Last Answer : C. Quantitative Risk Analysis
Description : Which one of the following best describes a project issue? a. A major problem that requires formal escalation. b. A problem that the project manager has to deal with on a day-to-day basis. c. An uncertain event that may or may not occur. d. An opportunity that occurs through change control.
Last Answer : a. A major problem that requires formal escalation.
Description : Which of the following can estimate size of project directly from problem specification? A. LOC B. Function Point Metric C. Both D. None
Last Answer : B. Function Point Metric
Description : Jack is in charge of a project team. Due to an unexpected project change, some issues with the project have come up. Two key team members, Samantha and Felix, are arguing their ... concerns through conflict resolution. e. Delay this issue for now until it becomes a significant conflict.
Last Answer : a. Confront the problem early, and invite both Samantha and Felix to private meetings.
Description : As a new project manager, Karen was worried about a statement from her client: your project deliverable is in low quality with low grade . According to PMBOK, how can you help Karen ... quality with high grade is always desirable to your client. e. High quality always represents high grade.
Last Answer : c. Low quality represents a true problem, but low grade might not be the case.
Description : The most important problem faced in the implementation phase of a project is a delay in execution. (True/False)
Last Answer : Ans. True
Description : In problem definition, the use of the project is a. Clarified b. Identified c. Elaborated d. Distinguished
Last Answer : a. Clarified
Description : Project Scope: 1. is of concern only at the start of the project 2. is mainly a problem to be handled by the change control procedures during the project execution phase. 3. Should ... . is usually not a problem after the contract or other document authorizing the project has been approved.
Last Answer : 3. Should be managed and controlled from the project concept through close-out
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 portfolio can best be defined as: a. a group of projects and programs carried out within an organization. b. a group of programs carried out under the sponsorship of an organization. c ... the sponsorship of an organization. d. a range of products and services offered by an organization.
Last Answer : a. a group of projects and programs carried out within an organization.
Description : What is defined as “the ability to influence and align others towards a common purpose”? a. Teamwork. b. Motivation. c. Management. d. Leadership.
Last Answer : d. Leadership.
Description : The life cycle can be said to consist of a series of phases. The classical model is referred to as the waterfall model. Which phase may be defined as The concept is explored and refined, ... client's requirements are elicited? (a) Requirements (b) Specification (c) Design d) Implementation
Last Answer : (a) Requirements
Description : Free float for any activity is defined as the difference between A. its earliest finish time and earliest start time for its successor activity B. its latest start time and earliest start time ... its successor activity D. its earliest finish time and latest start time for its successor activity
Last Answer : A. its earliest finish time and earliest start time for its successor activity
Description : . A portfolio can best be defined as: a. a group of projects and programmes carried out within an organisation. b. a group of programmes carried out under the sponsorship of an organisation ... the sponsorship of an organisation. d. a range of products and services offered by an organisation.
Last Answer : a. a group of projects and programmes carried out within an organisation.
Description : )The fixed price contract is advantageous to the buyer because it: 1. requires extremely well defined specifications 2. requires formal procedures for scope changes 3. contractor assumes financial and technical risk 4. has a known cost
Last Answer : 3. contractor assumes financial and technical risk
Description : Which from the following statement(s) is/are NOT true? I. Projects have defined objectives II. Programs have a larger scope than projects III. The projects and programs in a portfolio must be directly related (A) I only (B) II only (C) III only (D) II and III only
Last Answer : (C) III only
Description : Having defined working capital as current assets, it can be further classified according to . A. financing method and time B. rate of return and financing method C. time and rate of return D. components & time
Last Answer : D. components & time
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