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 : 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 : 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 : 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 : The activities that make up the project are not simple, repetitive acts, such as mowing the lawn, painting the house, washing the car, or loading the delivery truck. a. They are complex b. They are simple c. Different d. Same
Last Answer : a. They are complex
Description : Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are ... change to business-as-usual. d. A project is always the starting point for operation refinement
Last Answer : c. Projects are transient endeavours that bring about change to business-as-usual.
Description : Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are ... change to business-as-usual. d. A project is always the starting point for operation refinement.
Last Answer : c. Projects are transient endeavours that bring about change to business-as-usual
Description : A project has never happened before, and it will never happen again, under the..............conditions. a. Same condition b. Different condition c. Various condition d. None of the above
Last Answer : a. Same condition
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 : 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 : 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 : Once the logic of a network is laid out, the project manager will conduct a forward pass and a backward pass through the network. This will provide information regarding ______ and will identify ... C. Resource shortages, high risk activities D. The high risk activities, non-critical path
Last Answer : A. The total duration of the project, critical path
Description : The network diagram is the best tool for demonstrating: A. Schedule variances B. Resource requirements C. The sequence of project activities D. Schedule performance over time
Last Answer : C. The sequence of project activities
Description : What is a project phase? A. A collection of logically related project activities that culminate in the completion of one or more deliverables (Ans.) B. A singular activity that completes a ... that has very similar parts D. A consistent period of time that is used throughout a project
Last Answer : A. A collection of logically related project activities that culminate in the completion of one or more deliverables (Ans.)
Description : A ____ is a set of activities which are networked in an order and aimed towards achieving the goals of a project. (A) Project (B) Process (C) Project management (D) Project cycle
Last Answer : (A) Project
Description : A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor's responsibilities. c ... response activities to project personnel. d. allocate work packages to those responsible for project work.
Last Answer : d. allocate work packages to those responsible for project work.
Description : Which one of the following statements best defines procurement? a. A technique to establish the best approach for obtaining the resources for the project. b. A group of interrelated resources and ... product. d. The process by which products and services required for the project are acquired.
Last Answer : d. The process by which products and services required for the project are acquired.
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 : Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance ... project team in all daily activities. d. To receive and consider daily reports from team members.
Last Answer : b. To provide strategic direction and guidance to the sponsor.
Description : Which of the following does NOT generate changes to the Project documents: A. Define Activities B. Sequence Activities C. Estimate Activity Resources D. Estimate Activity Durations
Last Answer : A. Define Activities
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 : 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 : 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 : 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 : Which of the following is true about management meetings? Select one: a. They are short meetings to develop a common understanding of what the short-term priorities are for the project. ... , tracking progress of existing plans, and making adjustments to plans in response to new information.
Last Answer : e. They are oriented toward developing plans, tracking progress of existing plans, and making adjustments to plans in response to new information.
Description : Ahmed is actively initiating a project, so he plans to invite all relevant internal and external stakeholders including sponsors, customers, project teams, etc. for a kick-off meeting. To ensure all ... b. Scope statement c. Project charter d. Work packages e. Project funding agents
Last Answer : c. Project charter
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 : A ____ of activities that are used to achieve the project’s goals or objectives is known as the project life cycle.
Last Answer : Ans. Rational order
Description : A is a set of activities which are networked in an order and aimed towards achieving the goals of a project. (A)Project (B)Process (C)Project management (D)Project cycle
Last Answer : (A)Project
Description : The activities in a project must be …. a. Unique b. Primary c. Important d. None of the above
Last Answer : a. Unique
Description : A project includes a number of activities that must be completed in some ………… a. particular order b. sequence c. both d. all the above
Last Answer : d. all the above
Description : A project is a sequence of a. Unique b. Complex c. connected activities d. all the above
Description : The methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities
Last Answer : a. project management.
Description : The budgeted cost for all the activities in a project with the help of Earned Value Method is A. Actual Cost B. Budget at completion C. Budget for completion D. Estimate at completion
Last Answer : D. Estimate at completion
Description : In a project schedule, the sequence of activities which cannot be delayed during the course of the project without extending the project end date is referred to as the: A. Action plan B. Critical path C. Schedule baseline D. Slack line
Last Answer : B. Critical path
Description : A Responsibility Assignment Matrix (RAM) can be used to: a. define the terms of reference of the project manager. b. define the limits of the project sponsor's responsibilities. ... response activities to project personnel. d. allocate work packages to those responsible for project work.
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 ... endeavour undertaken to achieve a desired outcome. d. A project is a method of planning work.
Last Answer : c. A unique transient endeavour undertaken to achieve a desired outcome.
Description : Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and ... project team in all daily activities. d. To receive and consider daily reports from team members.
Description : People participated in or affected by project activities are known as (A) staff (B) stakeholders (C) project team (D) project managers
Last Answer : (B) stakeholders
Description : A critical path network diagram does NOT: A. Help determine the amount of float B. Identify the particularly important activities C. Calculate earned value D. Calculate the duration of the whole project
Last Answer : C. Calculate earned value
Description : A is a set of activities which are networked in an order and aimed towards achieving the goals of a project. A. Project B. Process C. Project management D. Project cycle
Last Answer : A. Project
Description : The purpose of project planning is to identify various areas of the project work and the influencing factors, and subsequently define the boundaries of the project performance. (True/False)
Last Answer : Ans. True
Description : Various choices of ____ that are available for constructing and developing the project should be examined.
Last Answer : Ans. Techniques
Description : Project Integration Management ensures that various elements of a project are properly integrated and coordinated for smooth flow of information and resources. (True/False)
Description : Project management is the job of organising, coordinating, and controlling the various tasks and resources in order to successfully complete a project. (True/False
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 : 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.