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 : 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 ... on a project full time. d. Application of processes and methods throughout the project life cycle.
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 : 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 : 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 : The traditional Work Breakdown Structure makes it easy to compare the current project with past projects.
Last Answer : Ans: False
Description : A strong ____ program encourages the development of skills and talents of the employees.
Last Answer : Ans. Diversity management
Description : Lack of motivation among employees and low quality of production occurs in ____.
Last Answer : Ans. Theory X
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 : An Organisational 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 ... project. d. the reporting structure and lines of communication for all individuals in the projects.
Description : A ____ needs to possess excellent analytical and organizational skills to manage a project team
Last Answer : Ans. Project Manager
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 : Subsequent to preparing ____, the team plans the project schedule and budget
Last Answer : Ans. Work Breakdown Structure
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 : 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 : 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 : The project charter describes the qualifications of the people who will work on a project and the reporting structure of the project team.
Description : Which of the following is true regarding the project scope statement? A. The project scope statement includes a change control system that describes how to make changes to the ... reliability of the project scope and describes the process for verifying and accepting completed deliverables.
Last Answer : B. The project scope further elaborates the Initiating processes and serves as a basis for future project decisions.
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 : Which property of the rapid prototype is not important? a) The speed with which it can be developed b) The speed with which it can be modified c) Its ability to determine the client's real needs d) The ... from it, even if they are of the how not to do it' variety e) Its internal structure.
Last Answer : c) Its ability to determine the client’s real needs
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
Description : A program is usually a group of (A) plans (B) people and work (C) related projects (D) unrelated projects
Last Answer : (C) related projects
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 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 : 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 : 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 : helps an organisation to prevent failures in projects.
Last Answer : Ans. Project management
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 : 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 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.