GROUP II – PROJECT MANAGEMENT ANSWER KEY

1. It is a philosophy, an integration, a process, and a collection of procedures.

a. Planning
b. Designing
c. Project Management
d. Appraisal
2. This is the second phase in the project management life cycle.
a. Project Initiation Phase
b. Project Planning Phase
c. Project Execution Phase
d. Project Controlling Phase
3. Concerned with the definition of all the work needed to successfully meet the project objectives.
a. Scope Planning
b. Project Schedule Planning
c. Resource Planning
d. Budget Planning
4. Indicating who will do what work, at which time, and if any special skills are needed to accomplish
the project tasks.
a. Scope Planning
b. Project Schedule Planning
c. Resource Planning
d. Budget Planning
5. Listing the entire schedule of the activities and detailing their sequence of implementation.
a. Scope Planning
b. Project Schedule Planning
c. Resource Planning
d. Budget Planning
6. Specifying the budgeted cost to be incurred at the completion of the project.
a. Scope Planning
b. Project Schedule Planning
c. Resource Planning
d. Budget Planning
7. Focusing on vendors outside your company and subcontracting.
a. Procurement Management
b. Quality Planning
c. Communication Planning
d. Risk Management
8. Planning for possible risks and considering optional contingency plans and mitigation strategies.
a. Procurement Management
b. Quality Planning
c. Communication Planning
d. Risk Management
9. Assessing quality criteria to be used for the project.
a. Procurement Management
b. Quality Planning
c. Communication Planning
d. Risk Management
10. Concerns defining the types of information you will deliver, who will receive it, the format for
communicating it, and the timing of its release and distribution.
a. Procurement Management
b. Quality Planning
 c. Communication Planning
d. Risk Management
11. Structured process of assessing the viability of a project or proposal.
a. Project Management
b. Project Planning
c. Project Appraisal
d. Project Design
12. Strategic organization of ideas, materials and processes for the purpose of achieving a goal.
a. Project Management
b. Project Planning
c. Project Appraisal
d. Project Design
13. Type of appraisal that focuses on the total benefit of the project and less on the cost spent on the
project?
a. Economical Appraisal
b. Financial Appraisal
c. Commercial Appraisal
d. Institutional Appraisal
14. Type of appraisal that reviews the cost of the project and the expected revenues that will be
generated by the project?
a. Economical Appraisal
b. Financial Appraisal
c. Commercial Appraisal
d. Institutional Appraisal
15. Type of appraisal that determine whether the implementing agencies as identified in the report
are capable for effective implementation, monitoring and evaluation of the scheme?
a. Economical Appraisal
b. Financial Appraisal
c. Commercial Appraisal
d. Institutional Appraisal
16. It includes collecting, measuring, and assessing measurements and trends to effect process
improvements and it gives the project management team insight into the health of the project and
identifies any areas that may require special attention.
a. Monitoring
b. Collection data
c. Controlling
d. Monitoring and Controlling
17. Part of project documents that contains information about assumptions and constraints identified
as affecting the project.
a. Assumption log
b. Basis of Estimates
c. Cost Forecasts
d. Issue log
18. Part of project documents that indicates how the various estimates were derived and can be used
to make a decision on how to respond to variances.
a. Assumption log
b. Basis of Estimates
c. Costs Forecasts
d. Issue log
19. Part of project documents that is used to document and monitor who is responsible for resolving
specific issues by a target date.
a. Assumption log
 b. Basis of Estimates
c. Cost Forecasts
d. Issue log
20. Part of project documents that are used to determine if the project is within defined tolerance
ranges for budget and to identify any necessary change requests.
a. Assumption log
b. Basis of Estimates
c. Cost Forecasts
d. Issue log
21. It shows the scheduled dates for specific milestones and is used to check if the planned
milestones have been met.
a. Risk Register
b. Milestone list
c. Quality Reports
d. Risk report
22. This includes terms and conditions, and may incorporate other items that the buyer specifies
regarding what the seller is to perform or provide.
a. Work Performance Information
b. Quality Reports
c. Agreements
d. Terms and Conditions
23. This is gathered through work execution and passed to the controlling processes.
a. Work Performance Information
b. Quality Reports
c. Terms and Conditions
d. Agreements
24. A type of analysis that focuses on identifying the main reasons of a problem. It can be used to
identify the reasons for a deviation and the areas the project manager should focus on in order to
achieve the objectives of the project.
a. Trend Analysis
b. Variance analysis
c. Root cause analysis
d. Alternatives analysis
25. A type of analysis that helps to determine the best corrective action in terms of cost in case of
project deviations.
a. Trend Analysis
b. Variance analysis
c. Cost-benefit analysis
d. Alternatives analysis
26. What law lets you choose 20% of projects that can effectively respond to 80% of threats or
opportunities?
a. Pareto Law
b. Law of Productivity
c. Law of Physics
d. Fundamental Law
27. This is a comparative approach that studies the possible benefits from different projects
a. Comprehensive Optimized Methods
b. Benefits Measurement Methods
c. Constrained Optimized Methods
d. Beneficial Measurement Methods
28. Method of project selection that selects projects with a lower cost to benefit ratio or alternately,
higher benefits to cost.
a. Internal Rate of Return
b. Net Present Value
c. Cost Benefit Analysis
d. Payback Period
29. This refers to the time taken to recover the expenses locked into a particular project.
a. Internal Rate of Return
b. Net Present Value
c. Cost Benefit Analysis
d. Payback Period
30. This is the maximum expected return on money from a given project.
a. Internal Rate of Return
b. Net Present Value
c. Cost Benefit Analysis
d. Payback Period
31. This is the most practical criteria which discount all future values of revenue and investments to
their corresponding present values to calculate profit.
a. Internal Rate of Return
b. Net Present Value
c. Cost Benefit Analysis
d. Payback Period
32. This is the performance measure used to evaluate the efficiency of an investment or compare the
efficiency of a number of different investments.
a. Scoring Model
b. Economic Value Added Model
c. Return of Investment
d. Discounted Cash Flow
33. This method factors in the present exchange value of currency and inflation rates while
incorporating the time value of money.
a. Scoring Model
b. Economic Value Added Model
c. Return of Investment
d. Discounted Cash Flow
34. This method lets you objectively assess the components most important to different projects.
a. Scoring Model
b. Economic Value Added Model
c. Return of Investment
d. Discounted Cash Flow
35. This method is to see of the project is profitable after deducting all cost of capital.
a. Scoring Model
b. Economic Value Added Model
c. Return of Investment
d. Discounted Cash Flow
36. It allows a review by the appropriate authority of the project information and management
approach
a. Project Selection
b. Project Approval
c. Project Design
 d. Project Activation
37. A criteria in project approval which contains the net present value, payback, and profitability
index.
a. Financial
b. Management
c. Development
d. Details
38. A criteria in project approval which support business objectives, respond to competition, better
decision making, and satisfy legal requirements.
a. Financial
b. Management
c. Development
d. Details
39. A criteria in project approval which contains the project needed for effective operation and
introduction of new technology,
a. Financial
b. Management
c. Development
d. Details
40. The phase of a project that prepares a building/space for occupancy.
a. Project Selection
b. Project Approval
c. Project Design
d. Project Activation
41. Refers to any activity that contributes to the delivery of a construction project.
a. Site Preparation
b. Construction Operation
c. Alteration
d. Demolishing
42. A limited construction project for an existing structure that comprises modification or replacement
of one or a number of its systems or components.
a) Repair
b) Alteration
c) Demolishing
d) Extension
43. What factor/s may cause additional hazards to a demolition work?
a) Hidden materials within structural members that requires special material handling.
b) Demolition work.
c) Approved and unapproved modifications.
d) All of the above
44. A popular choice for homeowners who seek to maximize their building space.
a) Demolishing
b) Alteration
c) Construction
d) Extension
45. It is when project plans are put into action and work is performed.
a) Construction
b) Repair and Maintenance
c) Operation
d) Hazard
46. This is the process of finalizing all activities for the project, phase, or contract.
a. Close Project or Phase
b. Final Project or Phase
c. Finish Project or Phase
d. Deadline Project or Phase
47. It contains the status of all change requests throughout the project or phase.
a. Change Vlog
b. Change Blog
c. Change log
d. Change lag
48. This includes any and all communications that have been created throughout the project.
a. Project Communication key
b. Project Communication
c. Record Communication
d. Quality Reports
49. This is the document that the results of Control Quality activities and demonstrate compliance
with the quality requirements.
a. Quality Control measurements
b. Quality measurements
c. Quality Control
d. Quality
50. It is used to demonstrate compliance with the project scope.
a. Requirements documentation
b. Required documentation
c. Requiring documentations
d. documentations