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 : In which of the following stages are project objectives established, teams formed, and major responsibilities assigned? A. Conceptualizing B. Defining (Ans.) C. Planning D. Executing
Last Answer : B. Defining (Ans.)
Description : Which of the following can cause a communication barrier? 1. Differing perceptions as to project goals and objectives 2. Insufficient action on the part of the project manager 3. Competition for ... between managers and/ or other personnel 5. Resistance to change 6. All of the above
Last Answer : 6. All of the above
Description : Which statement best describes a responsibility of the project manager: a. to be the sole source of expertise for estimating techniques on cost and time. b. to deliver the project objectives to ... benefits. d. to delegate all accountability for managing time, cost and quality to team leaders.
Last Answer : b. to deliver the project objectives to enable benefits to be realised.
Description : When developing a project's scope statement, which of the following should not be included? 1. Project justification. 2. Cost/benefit analysis 3. Project deliverables 4. Measurable objectives
Last Answer : 1. Project justification.
Description : The Scope Statement should contain which of the following? 1. Project schedule 2. Project budget constraints 3. Summary of project tasks , deliverables and resources required 4. Project objectives
Last Answer : 4. Project objectives
Description : Identify the incorrect statement in connection with working capital management. A. Long-term funds are more expensive than short-term funds but also riskier B. The objectives of ... fluctuating current assets E. Aggressive financing policies increase profitability at the cost of higher risk
Last Answer : A. Long-term funds are more expensive than short-term funds but also riskier
Description : To crash a schedule you should: 1. Increase the time allowed on those tasks that have float. 2. Try to increase expenditures of time only those tasks that are behind schedule. 3. Replace those ... to par with the busy. 4. Increase work efforts on those tasks that are on the critical path.
Last Answer : 4. Increase work efforts on those tasks that are on the critical path.
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 : All of the following statements are true regarding risk events except which one? Choose the least correct answer. A. Project risks are uncertain events. B. If risks occur, they can ... that have more perceived rewards to the organization than the consequences of the risk should be accepted.
Last Answer : C. Unknown risks are threats to the project objectives, and nothing can be done to plan for them.
Description : All of the following statements are true regarding risks except for which one? Choose the least correct answer. A. Risks might be threats to the objectives of the project. B. Risks are ... Risks might be opportunities to the objectives of the project. D. Risks have causes and consequences.
Last Answer : B. Risks are certain events that may be threats or opportunities to the objectives of the project
Description : Which of the following statements is true of Insured Asset Allocation? A. It is aimed at benefiting from short-term under pricing and over pricing of assets. B. In this strategy the risk ... . It is a strategy aimed at achieving the objectives of the investor without depending on market timing
Last Answer : E. It is a strategy aimed at achieving the objectives of the investor without depending on market timing.
Description : When a certificate is unclaimed or remains undelivered at a H.O. or S.O. for any reason and all efforts to deliver the same to the holders have failed, the same will be sent by the _____ for ... HO, Postal account office b) SO, Postal account office c) HO, Circle stamp depot d) None of these
Last Answer : a) HO, Postal account office
Description : The following statements relate to the auditor's responsibility for the detection of errors and fraud. Which of the statement is correct? I. Due to the inherent limitations of the audit, there is a possibility that ... . a. I only b. II only c. Both statements are true d. Both statements are false
Last Answer : Both statements are true
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 : 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 : 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 : 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 : 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 : Boehm suggests an approach that addresses project objectives, milestones and schedules, responsibilities, management and technical approaches and required resources, This principle is called as . a. W3HH principle b. WHO principle c. W5HH principle d. None of the above.
Last Answer : c. W5HH principle
Description : Which of these characteristics are used to determine the scope of a project? a. Only performance. b. Only context. c. Information objectives, function, performance d. None of the above.
Last Answer : c. Information objectives, function, performance
Description : In resource allocation, the resources are allocated to a project in order that the…...............are attained a. Goals b. Objectives c. Both a, b d. None of the above
Last Answer : c. Both a, b
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 document that describes the project’s objectives and rules is called the project charter.
Last Answer : Ans: True
Description : A key factor in staffing a project involves motivating people to meet the project’s objectives, and the most effective way to do this is through the use of money and bonuses.
Last Answer : Ans: False
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 : 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.
Description : A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc 2. Is a mechanism which reacts to the current project status in order to endure ... 4. Is a system for controlling and executing project documentation in an uniform and timely manner
Last Answer : 1. Monitors and controls the project's schedule, costs, scope, budgets etc
Description : On a project the project manager should strive for a "Quality Level" that : 1. is the highest level possible 2. is as close to the project objectives as possible 3. represents the least cost to the project. 4. Exceeds the specified requirements of the project.
Last Answer : 2. is as close to the project objectives as possible
Description : A project charter does not include ____ of the project. (A) scope (B) objectives (C) team (D) all above are included
Last Answer : (D) all above are included
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 : 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 : Test planning has which of the following major tasks? i. Determining the scope and risks, and identifying the objectives of testing. ii. Determining the test approach (techniques, test items, coverage, identifying and ... are true and iii, iv are false d) ii, iii, iv are true and i is false
Last Answer : c) ii , iii are true and i is false
Description : The establishment of the overall audit strategy involves a. Determining the characteristics of the engagement that defines its scope. b. Ascertaining the reporting objectives of the engagement to plan the timing ... will determine the focus of the engagement team's efforts. d. All of the answers
Last Answer : All of the answers
Description : The establishment of an overall audit strategy involves I. Determining the characteristics of the engagement that define its scope. II. Ascertaining the reporting objectives of the engagement to plan the timing of the audit and the ... II only b. I and III only c. II and III only d. I, II, and III
Last Answer : I, II, and III
Description : What factors should guide a company's planning efforts? A)A company's budget and overall objectives B)An analysis of target markets and the company's marketing mix C)A company's budget and ... D)A company's marketing mix and overall mission E)A company's mission and overall organisational goals
Last Answer : E)A company's mission and overall organisational goals
Description : The two steps of developing a marketing strategy include selecting and analysing a target market and: A)selecting a group of persons towards which the firm should direct its marketing efforts. B) ... D)developing a marketing mix that precisely meets the needs of individuals in the target market.
Last Answer : D)developing a marketing mix that precisely meets the needs of individuals in the target market.
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 : . An independent relationship must exist between the attribute that can be measured and the external quality attribute. a) True b) False
Last Answer : b) False
Description : Project managers have to assess the risks that may affect a project. a) True b) False
Description : We can accurately estimate lines of code from the problem specification. A. True B. False C. NA D. NA
Last Answer : B. False
Description : "Larger code size doesnot necessarily mean better quality or higher efficiency." A. True B. False C. NA D. NA
Last Answer : A. True
Description : An independent relationship must exist between the attribute that can be measured and the external quality attribute. a) True b) False
Description : Withdrawal may be the most effective way to settle conflicts. (True/False)
Last Answer : Ans. True
Description : In the method of problem-solving, a committee is set up to find a solution. (True/False)