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 : Fill in the blank. During the _________ of a project, the project manager focuses on developing the project infrastructure needed to execute the project and developing clarity around the project charter and scope. ... one: a. completion b. start-up c. execution d. evaluation e. selection
Last Answer : b. start-up
Description : Evaluation process of proposed projects or groups of projects is known as: A. Project Analysis B. Project Compilation C. Project selection D. Project Documentation
Last Answer : C. Project selection
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 main product is……….. a. project proposal b. Problem Identification c. Problem Definition d. Project Planning
Last Answer : a. project proposal
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 : A review undertaken to decide whether a project should proceed into its next phase is known as a: a. gate review. b. feasibility study. c. milestone review. d. evaluation review.
Last Answer : a. gate review.
Description : Following are the phases of Project Management Life Cycle. Arrange them in correct order 1. Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery (A) 3-2-1-4 (B) 1-2-3-4 (C) 2-3-1-4 (D) 4-3-2-1
Last Answer : (A) 3-2-1-4
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.
Last Answer : (D) 4-3-2-1
Description : In PERT (Project Evaluation and Review Technique) method Expected time (Te) is A. (To+Tp+4Tm)/6 B. (To+Tp+2Tm)/6 C. (To+Tp+Tm)/6 D. (Tm+Tp+4To)/6
Last Answer : A. (To+Tp+4Tm)/6
Description : PERT (Project Evaluation and Review Technique) analysis is based on A. Optimistic time, Pessimistic time and Most likely time B.Pessimistic time, Optional time, Maximum time C.Optimistic time, Efficient time, Most likely time D.Minimax time, Optimistic time and harmonic time
Last Answer : A. Optimistic time, Pessimistic time and Most likely time
Description : )The engineer of the project in the planning phase and makes a significant contribution to the technical scope. This is an example of what type of skill and knowledge? 1. Inherent 2. Stakeholder 3. Technical evaluation 4. Convergent thinking
Last Answer : 2. Stakeholder
Description : . The PERT in project management means program evaluation and _____ technique. (A) resource (B) reconciliation (C) reconsideration (D) review
Last Answer : (D) review
Description : The subject matter of an assurance engagement can take the following forms except a. The entity’s internal control. b. Historical or prospective financial statements. c. Evaluation of a capital investment proposal. d. Performance of an entity that could indicate efficiency and effectiveness
Last Answer : Evaluation of a capital investment proposal.
Description : If the break-even point lies ____ anticipated demand, implying a loss on the product, and then the product may be discontinued or, may receive additional advertising and/or be re- priced to increase demand.
Last Answer : Ans. Above
Description : What are decision models? A. Project selection criteria B. Project selection methods C. Project selection committees D. Project resource and budget selection methods
Last Answer : B. Project selection methods
Description : Mathematical models using linear, dynamic, integer, or algorithm models are considered A. Project selection criteria B. A form of expert judgment C. Project selection methods D. A form of historical information
Last Answer : C. Project selection methods
Description : Which method is not included in seven Project Selection Methods? A. Financial Analysis B. Strategic Alignment C. Weighted Scoring Model D. Straight line Model (Ans.)
Last Answer : D. Straight line Model (Ans.)
Description : The State Commission submits its annual report to the - (1) Governor (2) State Government (3) Chief Justice of the High Court (4) Chief Justice of India
Last Answer : (1) Governor Explanation: The Government of India Act, 1935 provided for the establishment of the Public Service Commission at the Provincial level known as the State Public Service Commission and the ... where the advice of the commission was not accepted and the reason for such non acceptance.
Description : The probability of completing the project can be estimated based upon the ____ . (A) Uniform distribution curve (B) Normal distribution curve. (C) U-shaped distribution curve (D) None of the above
Last Answer : (B) Normal distribution curve.
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 : Diversity management works on the principle of ____
Last Answer : Ans. Acceptance
Description : A strong ____ program encourages the development of skills and talents of the employees.
Last Answer : Ans. Diversity management
Description : Diversity management is a management strategy to promote and maintain a ____ environment in the organization
Last Answer : Ans. Positive workplace
Description : A ____ needs to possess excellent analytical and organizational skills to manage a project team
Last Answer : Ans. Project Manager
Description : Lack of motivation among employees and low quality of production occurs in ____.
Last Answer : Ans. Theory X
Description : In ____ style, project manager shares his or her vision with the team but permits them to use their respective ideas to come up with a solution.
Last Answer : Ans. Authoritative
Description : In ____ style, a leader issues orders without any discussion with members
Last Answer : Ans. Coercive
Description : ____ identified six distinct leadership styles.
Last Answer : Ans. Daniel Goleman
Description : In large organisations, project management shall be of line type function where the project manager shall have ____ and has total formal control over the division he or she heads
Last Answer : Ans. Full line authority
Description : ____ have the principal responsibility of achieving the target goals of the firm and have the decision-making authority.
Last Answer : Ans. Line managers
Description : ____ is the oldest and simplest type of organization where the line of command is fulfilled from top to bottom.
Last Answer : Ans. Line organisation
Description : ____ structures are also referred to as the Organisational Chart.
Last Answer : Ans. Organisational
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 : 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 : ____ is a significant facet of project management.
Last Answer : Ans. Project planning
Description : If all the steps of project planning are performed successfully, ____ and planning become effective and the ideal outcomes are achieved.
Last Answer : Ans. Scoping
Description : Subsequent to preparing ____, the team plans the project schedule and budget
Last Answer : Ans. Work Breakdown Structure
Description : Project planning involves three processes:____ review, and __
Last Answer : Ans. Identification, analysis
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 : ____ is where most of the resources are applied/expended on the project.
Last Answer : Ans. Project execution and control
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 : Various choices of ____ that are available for constructing and developing the project should be examined.
Last Answer : Ans. Techniques
Description : ____ is a continuous and repetitive process involving screening, documentation, validation, ranking and approval of viable project ideas for an organization.
Last Answer : Ans. Project identification