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 : 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 : 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 : After the celebration of the successful milestone completion, a project manager will often do which of the following? Select one: a. Continue to increase the intensity of the project to achieve the ... milestone. e. Stretch the goals of the project team, making them more tough and rigorous.
Last Answer : c. Allow the team to reflect on finding new ways of approaching the project work.
Description : The most successful project manager usually: 1. works their way up from assistants in the project office to full-fledged project managers, supplementing that experience with formal ... . Has considerable experience as a functional manager before moving into the project management arena.
Last Answer : 1. works their way up from assistants in the project office to full-fledged project managers, supplementing that experience
Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated
Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.
Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated.
Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated
Description : When operating under a single-period capital-rationing constraint, you may first want to try selecting projects by descending order of their in order to give yourself the best chance to select the mix of ... net present value (NPV) C. internal rate of return (IRR) D. payback period (PBP)
Last Answer : B. net present value (NPV)
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 : In case of the indivisible projects, which of the following may not give the optimum result? A. Internal Rate of Return B. Profitability Index C. Feasibility Set Approach D. All of the above
Last Answer : C. Feasibility Set Approach
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 : 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 : What is the most critical aspect in developing a project plan that meets project specifications within the timeframe and at the lowest costs? Select one: a. Assessing risk management b ... business partners e. Developing a project execution plan that matches the complexity level of the project
Last Answer : e. Developing a project execution plan that matches the complexity level of the project
Description : The technical feasibility aspect of a project relates to the earning capacity of the project. (True/False)
Last Answer : Ans. False
Description : Fill in the blank. Crashing refers to when the task duration’s are __ along the critical path to meet the project completion date. Select one: a. scope creep b. floated c. slack d. compressed e. expedited
Last Answer : d. compressed
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 : 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 : CV = $70,000; AC = 90,000; Budget = $200,000. What percent of the project is complete? Select one: a. 80% b. 53% c. 45% d. 35% e. 75% Answer - a. 80% 39. As a project manager, John ... paid off the project. d. John's boss is happy. e. John and his team are promoted and get salary increases.
Last Answer : c. John’s client has paid off the project.
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 : Who orchestrate the completion of the project by inducting the right people at the right time to address the right issue and make the right decisions? A.Project Coordinator B.Project Manager C.Operations Manager D.Strategic Business Unit Head
Last Answer : B.Project Manager
Description : Independent float is the amount of time by which: A. Start of the activity can be delayed without affecting the EST of subsequent activity B. reduces the float of subsequent ... without affecting EST D. completion of an activity can be delayed beyond earliest possible finishing time
Last Answer : A. Start of the activity can be delayed without affecting the EST of subsequent activity
Description : Which stage of project management life cycle requires the maximum time of completion A.Conceptualization B.Planning C.Execution D.Estimation
Last Answer : C.Execution
Description : The project team has just determined that the deadline for completion will not be met. In order to deliver a high quality system on schedule, the team has requested that the features be ... that a fixed deadline be imposed for the project. This technique is referred to as SDLC methodology.
Last Answer : Ans: False
Description : Benefits to using computer-aided software engineering (CASE) include faster task completion and alteration, centralized development information, and illustration of information through diagrams.
Last Answer : Ans: True
Description : Creating a work plan requires three steps: identify the tasks that need to be accomplished, estimate the time that it will take to complete the tasks, and record the task completion time in a Gantt Chart.
Description : When planning a systems project, overly optimistic timetables are the cause of project completion delays.
Description : . When estimating project time schedules using industry standards, the estimated project completion time for a systems project would be _____ person-months if the actual planning phase were completed in 6 person-months. a. 30 b. 40 c. 17.14 d. 9 e. 50
Last Answer : b. 40
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 : Each project phase is marked by completion of one or more: 1. Tasks. 2. Milestones 3. Deliverables 4. Life cycles
Last Answer : 3. Deliverables
Description : What is the last item a project manager must do to finalize project close-out? 1. Reassign the team 2. Contract completion 3. Archive the project records 4. Complete lessons learned 5. None of the above.
Last Answer : 2. Contract completion
Description : A prerequisite of effective time management is: 1. Knowing the dictated project completion date 2. Having the most advanced software package for project planning, scheduling and control 3. ... and the person responsible for each of them 4. Having a well staffed scheduling department
Last Answer : 1. Knowing the dictated project completion date
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 : The Assistant Superintendent will remain at the headquarters when the Superintendent is on tour and will look to the entire supervision of the office and control all the staff of the Divisional Office a ... of loss, fraud, highway robbery etc., till the superintendent arrives. d) All the above
Last Answer : d) All the above
Description : M & N do a certain work in 40 days and 24 days respectively. M started the work alone and then after 8 days N joined him till the completion of the work. How long did the work last? a) 16days b) 18days c) 20 days d) 22 days
Last Answer : C Work done by M in 8 days = 1/40*8 =1/5 Remaining work = 1-1/5 = 4/5 (M+N)’s 1 day work = 1/40 + 1/24 =(3+5)/120 =8/120 =1/15 Now 1/15 work is done by M & N in 1 day. So 4/5 work will be done by X and Y is, =15 / 1 * 4/5 =12 days Hence total time taken = 12+8 = 20 days
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 : You must decide between two mutually exclusive projects. Project A has cash flows of - Rs.10,000; Rs.5,000; Rs.5,000; and Rs.5,000; for years 0 through 3, respectively. Project B has cash flows of -Rs ... B's NPV > Project A's NPV. D. Neither A nor B; The NPVs of both projects are negative.
Last Answer : C. B; Project B's NPV > Project A's NPV.
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 : 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 National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and ... mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.
Last Answer : a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change.
Description : The successful project managers spend most of their time: A. Planning with their personnel B. Planning with the top management C. Communication with the project team (Ans.) D. Studying project results
Last Answer : C. Communication with the project team (Ans.)
Description : The successful project managers spend most of their time: 1. Planning with their personnel 2. Planning with the top management 3. Communication with the project team 4. Studying project results.
Last Answer : 3. Communication with the project team
Description : Project Manager must ensure that it develops appropriate trade off/s as A. Time, cost and performance B. Time, value and performance C.Men, Materials and Machines D.Money, Cost and Return on Investment
Last Answer : A. Time, cost and performance
Description : Which of the following is not incorporated in capital budgeting? A. Tax effect B. Time Value of Money C. Required rate of return D. Rate of cashdiscount
Last Answer : D. Rate of cashdiscount
Description : The ____ manages the four basic elements of a project: resources, time, money, and scope
Last Answer : Ans. Project Manager
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