Following is(are) the responsibility(ies) of the project manager. (A) Budgeting and cost control (B) Allocating resources (C) Tracking project expenditure

Following is(are) the responsibility(ies) of the project manager.

(A) Budgeting and cost control

(B) Allocating resources

(C) Tracking project expenditure
by

1 Answer

Answer :

(C) Tracking project expenditure
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Last Answer : a. individual work packages using the Work Breakdown Structure (WBS).

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Which one of the following best describes a project issue? a. A major problem that requires formal escalation. b. A problem that the project manager has to deal with on a day-to-day basis. c. An uncertain event that may or may not occur. d. An opportunity that occurs through change control.

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Last Answer : a. A major problem that requires formal escalation.

Which one of the following statements is true? a. Independ. Quality planning enables the project manager to manage the trade-off between customer expectations and budgetdent reviews and quality audits form part of quality assurance to ensure the project manager delivers on time and to budget. b. Quality assurance provides confidence to stakeholders that requirements for quality will be exceeded. c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and meet stakeholder expectations.

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Last Answer : c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and  meet stakeholder expectations.

Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements

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Last Answer : A. Conduct Procurements

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

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Last Answer : Ans. Full line authority

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 possible reporting structure d. list the four phases of the SDLC and the steps that occur in each e. set conservative numbers for the project software

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

Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. A. Conduct Procurements B. Plan Procurements C. Control ProcurementsD. Close Procurements

Description : Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get  clarification on the work that needs to be performed. Which phase of Project Management is in  progress. A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements

Last Answer : A. Conduct Procurements

Which one of the following best describes a project issue? a. A major problem that requires formal escalation. b. A problem that the project manager has to deal with on a day-to-day basis. c. An uncertain event that may or may not occur. d. An opportunity that occurs through change control.

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Last Answer : a. A major problem that requires formal escalation.

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. b. Quality assurance provides confidence to stakeholders that requirements for quality will be exceeded. c. Quality control verifies that the project deliverables conform to specification, are fit for purpose and meet stakeholder expectations. d. Quality planning enables the project manager to manage the trade-off between customer expectations and budget.

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Last Answer : c. Quality control verifies that the project deliverables conform to specification, are fit for  purpose and meet stakeholder expectations.

During project estimation, project manager estimates following A. project cost B. project duration C. project effort D. all of the above

Description : During project estimation, project manager estimates following A. project cost B. project duration C. project effort D. all of the above

Last Answer : D. all of the above

When a project manager starts to plan a new project budget, the cost of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

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Last Answer : d. Closing

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

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Last Answer : A. Time, cost and performance

What are the key components in the "Triple constraint Triangle"? A. Scope, Schedule, Cost, Project Manager B. Scope, Time, Cost, Project (Ans.)C. Time, Money, Scope, Project D. Project Manager, Time, Scope, Money

Description : What are the key components in the "Triple constraint Triangle"?  A. Scope, Schedule, Cost, Project Manager B. Scope, Time, Cost, Project (Ans.) C. Time, Money, Scope, Project D. Project Manager, Time, Scope, Money

Last Answer : B. Scope, Time, Cost, Project (Ans.)

On a project the project manager should strive for a "Quality Level" that : 1. is the highest level possible 2. is as close to the project objectives as possible 3. represents the least cost to the project. 4. Exceeds the specified requirements of the project.

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Last Answer : 2. is as close to the project objectives as possible

Which of the following is not a relevant cost in capital budgeting? A. Sunk Cost B. Opportunity cost C. Allocated overheads D. Both (a) and (c) above

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Last Answer : D. Both (a) and (c) above

A system of control where persons are made responsible for control of cost a) Cost control b) Production control c) Responsibility accounting d) Budgeting

Description : A system of control where persons are made responsible for control of cost a) Cost control b) Production control c) Responsibility accounting d) Budgeting

Last Answer : c) Responsibility accounting

Which of the following is true about management meetingc. They are purely fact-based meetings with a left-brain type focus. d. They have very little dialogue except to ask clarification questions. e. They are oriented toward developing plans, tracking progress of existing plans, and making adjustments to plans in response to new information.s? Select one: a. They are short meetings to develop a common understanding of what the short-term priorities are for the project. b. They focus on short-term activities, usually less than a week in duration.

Description : Which of the following is true about management meetings? Select one: a. They are short meetings to develop a common understanding of what the short-term  priorities are for the project. ... , tracking progress of existing plans, and  making adjustments to plans in response to new information.

Last Answer : e. They are oriented toward developing plans, tracking progress of existing plans, and  making adjustments to plans in response to new information.

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

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

The methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities

Description : The methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities

Last Answer : a. project management.

Which structure shows the reporting relationships and communications channels for a project? a. Work Breakdown Structure. b. Organizational Breakdown Structure. c. Product Breakdown Structure. d. Responsibility assignment structure.

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Last Answer : b. Organizational Breakdown Structure.

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 for all individuals in the project. c. lines of communication and responsibility for all the individual managers in the project. d. the reporting structure and lines of communication for all individuals in the projects.

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Last Answer : d. the reporting structure and lines of communication for all individuals in the projects.

Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance to the sponsor. c. To manage the project team in all daily activities. d. To receive and consider daily reports from team members.

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Last Answer : b. To provide strategic direction and guidance to the sponsor.

Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is responsible for each activity C. Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

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Last Answer : C. Text description of roles, responsibilities, authorities

Which of the following types of Organizational Charts can be BEST used to track project costs : A. Hierarchical-type Organizational Chart B. Organizational Breakdown Structure C. Resource Breakdown Structure D. Responsibility Assignment Matrix

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Last Answer : C. Resource Breakdown Structure

Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is responsible for each activity C. Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

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Last Answer : C. Text description of roles, responsibilities, authorities