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 : In problem identification, project is a. recognized b. defined c. Justified d. All the above
Last Answer : d. All the above
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 : 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 : 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 : 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 : The project team documents its charge in the form of a ____, which is based on the project proposal and business case
Last Answer : Ans. Project charter
Description : Which of the following does not affect cash flows from a proposal: A. Salvage value B. Depreciation amount C. Tax rate change D. Method of project financing
Last Answer : D. Method of project financing
Description : In problem definition, the use of the project is a. Clarified b. Identified c. Elaborated d. Distinguished
Last Answer : a. Clarified
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 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 : 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 : The main purpose of the Project Management Plan is to: a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of alternative options. b. ensure ... the project. d. document the outcome of the risk, change and configuration management processes.
Last Answer : c. document the outcomes of the planning process and provide the reference document for managing the project.
Description : The main purpose of the Project Management Plan is to: a. provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of alternative options. b ... managing the project. d. document the outcome of the risk, change and configuration management processes.
Description : In project planning, it explains.....................that are needed to for the growth of product. a. a series of actions b. steps c. both a, b d. none of the above
Last Answer : c. both a, b
Description : Which one of the following statements is true? a. The business case is owned by the sponsor and is created during the concept phase of the project life cycle. b. The business case is ... is owned by the project manager and is created during the definition phase of the project life cycle.
Last Answer : a. The business case is owned by the sponsor and is created during the concept phase of the project life cycle.
Description : Activity Definition is typically performed by which of the following: A. Project Manager who created the WBS B. Project Team Members responsible for the work package C. Project Officer D. Project Stakeholder
Last Answer : B. Project Team Members responsible for the work package
Description : What is the definition of Earned Value Management? A. An approach that combines the scope, schedule, and cost baseline into a project performance and progress measurement tool. B. ... approach that combines the scope and cost baseline into a project performance and progress measurement tool.
Last Answer : A. An approach that combines the scope, schedule, and cost baseline into a project performance and progress measurement tool.
Description : .Activity Definition is typically performed by which of the following: A. Project Manager who created the WBS B. Project Team Members responsible for the work package C. Project Officer D. Project Stakeholder
Description : The ____ then submits the proposal to get it investigated on its viability, evaluation and selection
Last Answer : Ans. Client
Description : Assume that a firm has accurately calculated the net cash flows relating to two mutua lly exclusive investment proposals. If the net present value of both proposals exceed zero and the firm is ... maximize shareholder wealth and, since the projects are mutually exclusive, we can only take one
Last Answer : D. accept the proposal that has the largest NPV since the goal of the firm is to maximize shareholder wealth and, since the projects are mutually exclusive, we can only take one
Description : The project life cycle consists of (A) Understanding the scope of the project (B) Objectives of the project (C) Formulation and planning various activities (D) All of the above
Last Answer : (D) All of the above
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 : . The process that evaluates overall project performance to provide confidence is called: a. quality assurance. b. quality planning. c. quality control. d. quality audit.
Last Answer : a. quality assurance.
Description : Which one of the following statements best describes a project? a. A project is a set of tools and techniques often used when delivering organisational change. b. A project is the sum of activities ... endeavor undertaken to achieve a desired outcome. d. A project is a method of planning work.
Last Answer : c. A unique transient endeavor undertaken to achieve a desired outcome.
Description : Project risk management is best described as: a. managing responses to threats. b. identifying and acknowledging threats and opportunities. c. planning responses to threats. d. minimising threats and maximising opportunities.
Last Answer : d. minimising threats and maximising opportunities.
Description : Which one of the following statements is true? a. Independent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget. ... Quality planning enables the project manager to manage the trade-off between customer expectations and budget
Last Answer : c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and meet stakeholder expectations.
Description : Which of the following is the most important element of Project Management Plan that is useful in HR Planning process: A. Risk Management activities B. Quality Assurance activities C. Activity Resource requirements D. Budget Control activities
Last Answer : C. Activity Resource requirements
Description : Quality planning is the process of developing a quality plan for a) team b) project c) customers d) project manager
Last Answer : b) project
Description : Which of the following technique overcomes drawback related to LOC? A. Project Planning Sheet B. Function Point Metric C. COCOMO D. COCOMO2
Last Answer : B. Function Point Metric
Description : Once project planning is complete, project managers document their plan in A. SPMP document B. SRS document C. Detailed Design document D. Excel Sheet
Last Answer : A. SPMP document
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 : This activity is undertaken once the development activities start? A. Project Planning B. Project Monitoring and Control C. Project size estimation D. Project cost estimation
Last Answer : B. Project Monitoring and Control
Description : Which of the following activity is undertaken immediately after feasibility study and before the requirement analysis and specification phase? A. Project Planning B. Project Monitoring C. Project Control D. Project Scheduling
Last Answer : A. Project Planning
Description : Different activity of a project management is A. project planning B. project monitoring C. project control D. All of the above
Last Answer : B. project monitoring
Description : Why are changes to the project scope necessary? Select one: a. To understand reports b. To reflect new information c. To begin planning the project d. To teach team members what they need to know about their jobs e. To establish a trusting project culture
Last Answer : b. To reflect new information
Description : Complete the following statement. The method of incorporating change into project planning and execution processes is called the: Select one: a. project logic diagram. b. change management process. c. milestone schedule d. critical path e. rough order of magnitude
Last Answer : b. change management process.
Description : Shauna has recently been appointed as a project manager for Project SkyNorth, which is regarded as an important project in her organization. During the project planning meeting, ... b. Matrix organization c. Functional organization d. Projectized organization e. Hierarchical organization
Last Answer : d. Projectized organization
Description : During a new project planning process to sequence activities, the project manager, Nate, decides to use the precedence diagraming method to show the identified activity dependencies. Which of the following logical ... -finish c. Finish-to-finish d. Start-to-start e. All of these answers
Last Answer : b. Start-to-finish
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 : What is the first step in project planning? Select one: a. Establish the objectives and scope. b. Determine the budget. c. Select the team organizational model. d. Determine project constraints. e. Inspect the deliverables.
Last Answer : a. Establish the objectives and scope.
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 : According to the PMBOK guide which of the following statements is right in terms of using reserve analysis to determine a project budget ? a. Reserve analysis always plans contingency reserves ... not practical. e. Contingency reserves have never been a concern when planning a project budget.
Last Answer : . Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget.
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