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 : We can accurately estimate lines of code from the problem specification. A. True B. False C. NA D. NA
Last Answer : B. False
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 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. ... planning enables the project manager to manage the trade-off between customer expectations and budget.
Description : Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms
Last Answer : a. An approximation of project time and cost targets, refined throughout the project life cycle.
Description : Which one of the following statements best defines an estimate? a. An approximation of project time and cost targets, refined throughout the project life cycle. b. A prediction of a future ... . A situation that affects or influences the outcome of the project expressed in time or cost terms.
Description : To identify the tasks for a work plan the project manager can _____. a. control and direct the project b. estimate the size, staff the project, and remember technical skills c. establish a ... of the SDLC and the steps that occur in each e. set conservative numbers for the project software
Last Answer : d. list the four phases of the SDLC and the steps that occur in each
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 : Feasibility analysis is the first stage in the process of project development. (True/False)
Description : Traditional Work Breakdown Structures tend to a. focus on the design of the system as oppose to the needs of the current phase and iteration b. force too many levels of detail early on for large ... project and difficult to compare across projects d. all of the above e. none of the above
Last Answer : d. all of the above
Description : Which of the following is not considered as a risk in project management? a) Specification delays b) Product competition c) Testing d) Staff turnover
Last Answer : c) Testing
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 : Which of the following is not considered as a risk in project management? a. Specification delays b. Product competition c. Testing d. Staff turnover
Last Answer : c. Testing
Description : In tracking, reporting and controlling, the process engage whether the project results are in accordance with a. project plans b. performance specification c. both a, b d. none of the above
Last Answer : c. both a, b
Description : The accuracy of an estimate should: a. decrease as a project progresses through its life cycle. b. increase as a project progresses through its life cycle. c. stay constant throughout the project life cycle. d. vary independently of where the project is in its life cycle.
Last Answer : b. increase as a project progresses through its life cycle.
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 establishes key dates throughout the life of a project that must be met for the project to finish on time? Select one: a. Critical path b. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedule
Last Answer : e. Milestone schedule
Description : A(n) _ is a review of the quality plan, procedures, data collection, and analysis by an outside group. Select one: a. scope document b. project appraisal c. cost performance index d. analogous estimate e. quality audit
Last Answer : e. quality audit
Description : Fill in the blank. Work breakdown structure (WBS) is a ______________ of the work with increasing detail in each layer. Select one: a. layered description b. step change c. ballpark estimate d. project execution plan e. project logic diagram
Last Answer : a. layered description
Description : Petri is working for Nokia in Finland. He has completed 10 months of his 12-month project, budgeted at $800,000. His earned value analysis shows that variance at completion is $75,000. What is the estimate at completion value ... : a. 725,000 b. -725,000 c. -$875,000 d. $875,000 e. $800,000
Last Answer : d. $875,000
Description : The conceptual estimate is developed with the least amount of knowledge. When more information is known, the project team can develop a: Select one: a. work breakdown structure b. critical estimate c. rough order of magnitude (ROM) estimate d. scope of work e. ballpark estimate
Last Answer : c. rough order of magnitude (ROM) estimate
Description : Which of the following is typically a written document that defines what work will be accomplished by the end of the project? Select one: a. Scope of work (SOW) b. Project logic diagram c. Milestone schedule d. Ballpark estimate e. Work breakdown structure
Last Answer : a. Scope of work (SOW)
Description : Complete the following statement. As a project manager, Darrell is excited that he is assigned to be in charge of the most important project this year. After being chartered for the project, he ... c. prepare for the template to monitor project progress. d. estimate the entire project budget.
Last Answer : b. start to define and develop the stakeholder needs and requirements
Description : A project budget estimate that is developed with the least amount of knowledge is known as which of the following? Select one: a. Rough order of magnitude (ROM) estimate b. Scope of work estimate c. Conceptual estimate d. Line estimate e. Milestone schedule estimate
Last Answer : c. Conceptual estimate
Description : What is the first step in developing a risk management plan? Select one: a. Analyze the risks. b. Estimate the likelihood of the risks occurring. c. Identify potential project risks. d. Develop a risk mitigation plan. e. Estimate the potential impact of risk on the project goals.
Last Answer : c. Identify potential project risks.
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 : Kathryn has little experience estimating the time it will take to complete a systems project. She has just completed the planning phase of the project. What method should she use to estimate the ... b. function points c. industry standards d. Microsoft Project e. more complex approach
Last Answer : c. industry standards
Description : The basic approach to Earned Value is to A. Sum up the Work Package Earned Values to calculate the Earned Value of the Control Account and ultimately the Project B. Multiply the percent complete by ... that package C. Estimate a percent complete for each WBS Work Package D. All of the above
Last Answer : D. All of the above
Description : Which type of project cost estimate is the most accurate? 1. Preliminary 2. Definitive 3. Order of magnitude 4. Conceptual
Last Answer : 2. Definitive
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 : 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.
Description : The only deliverable work product for a successful project is the working program. a) True b) False
Last Answer : b) False
Description : The estimated benefits from a capital budgeting project are expected as cash flows rather than income flows because . A. it is more difficult to calculate income flows than cash flows B. it ... is central to the firm's capital budgeting decision C. this is required by the accounting profession
Last Answer : B. it is cash, not accounting income, that is central to the firm's capital budgeting decision
Description : Project managers have to assess the risks that may affect a project. a) True b) False
Description : The Project Leader is the person responsible for the overall project. (True/False)
Description : Project leader role will require an individual with strong management skills. (True/False)
Last Answer : ns. True
Description : . A project leader or manager is expected to be completely accountable for his team members and meeting the team’s targets. (True/False)
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)
Description : The entire process of a project may be considered to be made upon a number of sub- processes placed in different stages called the Work Breakdown Structure. (True/False)
Description : The players in project management are the individuals and the organisations. (True/False)
Description : The technical feasibility aspect of a project relates to the earning capacity of the project. (True/False)
Last Answer : Ans. False
Description : The project manager works with the project sponsor to identify the necessary resources and team members needed to further develop the key project parameters – Cost, Scope, Schedule, and Quality (CSSQ). (True/False)
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 : Scope, cost, and schedule are some of the parameters used for project negotiation. (True/False)