Q1- which of the following statements is true regarding theproject management processes?

a) The planning process comes before theinitiation process.

b) The initiation process forms thefoundation for planning the project

c) The project performance is measuredin the executing process

d) Actions taken to correct deviationsfrom the project plan are also taken in the closing process

e) None of the above

Q2- Which of the following statement is NOT true regardingclosing a project?

a) It is as important to close a projectas it is to initiate it.

b) A project can be closed when all thework has been completed and the project has delivered the expectedoutcomes.

c) Only the project manager has theauthority to declare the closure of the project.

d) It is very important to formallyannounce the closure of a project.

Q3- Threshold in the context of risk management plan refersto?

a) Nature and timing of the analysis tobe used in planning risks.

b) Risk tolerance capacity of thecompany and stakeholders.

c) Scheduling of the various activitiesof the risk management plan.

d) The content of the risk managementplan.

Q4 - in the critical path method of scheduling the project, whatis meant by the cirtical path(CP) of any project?

a) The longest full path for completingthe project in time.

b) The shortest full path for completingthe project in time.

c) The longest full path for completingthe project in the allocated project cost

d) The shortest full path for completingthe project in the allocated cost

Q5 - In the critical path method, what does the term ‘criticalpath’ mean?

a) The series of activities for whichany setback or hurrying up will not affect the overall time ofcompletion of the project.

b) The series of activities that areleast critical to the completion of the project.

c) The series of activities from thestart to the end of the project.

d) The series of activities for whichany setback or hurrying up will affect the overall time ofcompletion of the project.

Q6 -what is the term often used in project management when thecharacteristics of the prouduct or service being manufactured ordelivered are refined gradually as the project progresses?

a-Incremental definition

b-Progressive elaboration

c-Step planning

d-Progressive definition

Q7- which of the following statements most nearly defines thelogical relationship in the precedence diagramming method, ifactivity A precedes activity B?

a- Activity A must be completed before activity B start

b- Activity A and B can be completed concurrently

c- Activity B must be completed before activity A can start

d- None of the above

Q8-What is the formula to expected value?

a- (optimistic duration+ most likely duration+(4 x pessimisticduration))/ 6

b- (optimistic duration+ pessimistic duration+(2 x most likelyduration))/ 4

c- (optimistic duration+ pessimistic duration+(2x most likelyduration))/ 6

d- (optimistic duration+ pessimistic duration+(4x most likelyduration))/ 6

Q9- certain deficiencies in theplan come to light. What should the project manager do in thisscenario?

a- Try and get around the deficiencies as no plan can beperfect.

b- Formulate a new plan taking care not to include the flawedelements of the old plan.

c- The project manager should use his/ her instinct and decidewhat the best thing to do would be.

d- None of the above

Q10 - Which of the following statements regarding projectmanagement are true?

a- The planning process is the centerpiece of projectmanagement.

b- Project execution takes more time than any other process inthe entire life cycle of the project.

c- The controlling phase of project management begins after heproject execution phase and ends just before the closing phase.

d- The closing phase is a complete process in itself and shouldbe taken with the same level of seriousness as the otherphases.

Q11- A change made in the scope of ongoing project due of thepresence of certain impeding factors is known as?

a- Scope change made to optimize the benefits.

b- Scope change made as a corrective measure.

Q12- cause and effect diagrams are an example of which qualityplanning tool?

a- Benchmarking

b- Design of experiments

c- Flowcharting

d- Benefit/ cost analysis

Q13- a tangible result of a project is known as?

a- Throughput

b- Project output

c- Project deliverable

d- Project outcome

Q14- what is the formula for theCPI(cost performance index)?

a- Value of work completed to data+ money spent till data

b- (value of work completed to data* money spent tilldata)/4

c- value of work completed to data/ money spent till data

d- (value of work completed to data/ money spent tilldata)*2

e- money spent till data/value of work completed to data

Q15- the following statement regarding procurement planning arecorrect except?

a- procurement planning is a systematic process

b- procurement planning specifies what is needed and when

c- procurement planning should be in line with the companyspolices

d- team members of the project must be involved in procurementplanning

Q16- what is the term given to refer to the activity whichprovides some set measures based on the previous activites to helpguide the current activity?

a- Cost-benefit analysis

b- Pre-performance analysis

c- Benchmarking

d- Cash flow analysis

Q17- Which of the following are stakeholders in a carmanufacturing project?

a- Project manager

b- Project sponsor

c- End customer

d- Vendor of the finished care

e- Supplier of raw material for the cars

f- All of the above

Q18- gives a chronologicalsequence of project activities and delineates the hierarchy of theproject deliverables?

a- Scope management plan

b- Scope statement

c- Work breakdown structure

d- None of the above

Q19- which of the following statement regarding thecharacteristics of projects are true?

a- Every project has life cycle

b- Projects have objectives to be achieved

c- Project are a collaborative effort

d- A and b

e- B and c

f- A,b and c

Q20 - Which of the followingstatement about discounted cash flow method is correct?

a- this method takes into account the present and future valueof cash inflows

b- this method takes into account the time value of money; it isalso referred to as the time adjusted rate of return.

c- This method discounts the cash flows of a project at asuitable rate of return by trial and error process .

d- This method refers to the time required to recover the costson investment.

Q21- the change control system contains which of the followingprocedures?

a- procedures that describe how to submit change requests.

b- Procedures that describe how to manage change requests.

c- Procedures that describe the effect of the changes on theproject performance.

d- Procedures that define the level of authority needed toapprove the change.

Answer rating: 100% (QA)

A1 b The initiation process forms the foundation for planning the project A2 c Only the project manager has the authority to declare the closure of the project A3 b Risk tolerance capacity of the comp... View the full answer