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 matrix organisation is conducive for __
Last Answer : Ans. Project management
Description : In the matrix-type organisation, ____ provide the resources needed and the ____ is responsible for the project results.
Last Answer : Ans. The functional managers, project manager
Description : ____ is the most common type of project organisation.
Last Answer : Ans. Matrix-type organisation
Description : Project cycle is a collection of generally sequential project phases whose description and order of occurrence are determined by the control needs of the organisation or organisations involved in the project. (True/False)
Last Answer : Ans. True
Description : The advantage of following the IEEE Standard for drawing up a Project Management Plan (SPMP) - see IEEE Standard 1059.1 1987 - is a) It is drawn up by representatives from major ... each organisation for a particular applicationarea, development team or technique. e) All of the above.
Last Answer : e) All of the above.
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 individual or organisation who wants a product to be developed is known as the: a) Developer (b) User (c)Contractor (d) Initiator (e) Client
Last Answer : (e) Client.
Description : Configuration management is best described as: a. control in the implementation of changes to project schedules. b. an organisation to review proposed changes to the project deliverables ... and documentation. d. creation, maintenance and controlled change of the project deliverables.
Last Answer : d. creation, maintenance and controlled change of the project deliverables.
Description : Which one of the following best describes a project stakeholder? a. A party who is concerned about the project going ahead. b. A party with an interest or role in the project or is impacted by ... of the project. d. A party who has a financial stake in the organisation managing the project.
Last Answer : b. A party with an interest or role in the project or is impacted by the project.
Description : Which of the following best describes a project environment? a. The type of organisation concerned with implementation. b. The structured method used to control the project. c. The context within which a project is undertaken. d. An understanding of the risks involved in the project.
Last Answer : c. The context within which a project is undertaken.
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
Description : Which one of the following best describes project management? a. Using APM's Body of Knowledge 6th edition as a guide to all projects. b. Employing a project manager who has undertaken similar ... on a project full time. d. Application of processes and methods throughout the project life cycle.
Last Answer : d. Application of processes and methods throughout the project life cycle.
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 a visual representation of a project’s planned activities against a calendar called? a. A Gantt chart. b. A critical path network. c. A product flow diagram. d. A Pareto chart.
Last Answer : a. A Gantt chart.
Description : Comparative estimating uses: a. current data from similar projects. b. historic data from all projects. c. historic data from similar projects. d. current data from all projects.
Last Answer : c. historic data from similar projects.
Description : An Organizational Breakdown Structure (OBS) is used to identify: a. the reporting structure and current availability of all individuals in the project. b. technical ability and line of communication ... . d. the reporting structure and lines of communication for all individuals in the projects.
Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.
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 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 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 : Which of the following statements is true regarding contracts? Select one: a. They are the filters through which project members screen information that is shared. b. They do not lend ... information-rich environment will suffer. e. Contracts promote the growth of a trusting project culture.
Last Answer : b. They do not lend themselves to create an environment of trust.
Description : Determining the policies that are needed for the smooth execution of a project relates to which of the following agenda items of alignment sessions? Select one: a. Developing a common ... role clarification on projects e. Agreeing on the means and methods for accomplishing the purpose
Last Answer : d. Developing role clarification on projects
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 : 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 : 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 : 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 : In a ____, the employees work for different projects in a team-like structure.
Last Answer : Ans. Project-type organisational structure
Description : ____ structures are typically used in businesses that primarily sell and produce standard products and seldom conduct external projects.
Last Answer : Ans. Functional-type organisation
Description : All projects are basically ____, requiring huge money for completion and earning no return till their successful completion.
Last Answer : Ans. Capital projects
Description : The ____ of project closeout the assessment is to document the best practices and lessons learned for use on future projects.
Last Answer : Ans. Primary purpose
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 technique is applicable when other projects in the same analogy application domain have been completed? a) Algorithmic cost modelling b) Expert judgement c) Estimation by analogy d) Parkinson’s Law
Last Answer : c) Estimation by analogy
Description : Identify, from among the following, the correct statement. a) One of the main challenges Engineering facing today is the requirement of most systems to work with a multitude of homogenous systems ... of component based assembly, we find that onlyless than 20% of today's is still custom built
Last Answer : c) does not wear-out in the traditional sense of the term, but does tend to deteriorate as it evolves
Description : According to a statistical report: over 30% of all projects are cancelled before completion and over 70% of the remainder fail to deliver expected features . What must be the reason for such ... change management b) Poor requirements management c) Poor quality control d) All of the mentioned
Last Answer : b) Poor requirements management
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
Description : A Firm is considering undertaking a project that would yield annual profits (after depreciation) of Rs 68,000 for 5 years. The initial outlay of the project would be Rs 800,000 and the project's assets would have ... accounting rate of return for this project? A 16% B 8.5% C 8.0% D 9.1%
Last Answer : A 16%
Description : Outsourced projects are susceptible to conflicts as A. People get less pay in these projects and work is more B.More work pressure and less time horizon C. These projects are away from home location D. People are unaccustomed to working together and have different values
Last Answer : D. People are unaccustomed to working together and have different values
Description : Conflict occurrence in projects is A. Unavoidable B. Depend on type of project C. Avoidable D. Depends on culture
Last Answer : A. Unavoidable
Description : The traditional Work Breakdown Structure makes it easy to compare the current project with past projects.
Last Answer : Ans: False
Description : The hurricane model implies that project estimates become more accurate as the project's product becomes better understood.
Last Answer : Ans: True
Description : The document that describes the project’s objectives and rules is called the project charter.
Description : Scope creep is only a minor factor in projects running over schedule, and every effort should be made to incorporate any changes into the present system if they would truly be beneficial.
Description : Estimates from the planning stage will need to be refined as the project progresses, because it is virtually impossible to develop an exact assessment of the project’s schedule before the analysis and design phases are conducted.
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.
Description : Adding staff to a project to shorten the project’s length is usually a wise move, because adding staff normally translates into increased productivity
Description : One of the greatest weaknesses of systems consulting firms is that they try to apply estimates and methodologies that they have developed over time and applied to other projects, most of which are very different from the current project.
Description : . It is not wise to identify tasks for a current project using existing methodology, because methodologies that have been used by an organization for other projects probably will not work for this project without extensive changes.
Description : Unlike traditional Work Breakdown Structures (WBS), evolutionary WBSs are a. organized in a standard manner across all projects b. created in an iterative and incremental manner c. designed so one can compare the current project to past projects d. all of the above e. none of the above
Last Answer : d. all of the above
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