PROJECT MANAGEMENT

This quiz will close at Monday, 5 April 2021, 11:59 PM

1) Estimating pitfalls can result from

Select one:
a. All of the above
b. Poorly defined statement of work
c. Using the wrong estimating techniques
d. Failure to account for risks in the estimate

2) The high risk and high vale projects are called

Select one:
a. Pearls
b. bread and butter project
c. Oysters
d. White elephants

3) The change control board, of which you are a member approves a significant scope change.
The first document that the project manager should updated would be the
Select one:
a. Schedule
b. Budget
c. Scope baseline
d. Work break down structure

4) The Bottom-up Approach for time and cost estimating is used when
Select one:
a. High uncertainty in project
b. Unstable Scope
c. Fixed price contract
d. Strategic and decision-making

5) If an activity on the critical path takes longer than anticipated, then

Select one:
a. activities not on the critical path have additional slack
b. activities not on the critical path have less slack
c. additional critical path activities will appear
d. None of the above

6) The document that officially sanctions the project is the

Select one:
a. Project Plan
b. Feasibility Study
c. Project Charter
d. Cost-benefit analysis

7) The length of time required to recover the initial cash outlay on the project taking into
account time value of money is called
Select one:
a. Payback period
b. Internal rate of return
c. Discounted payback period
d. Return of Investment

8) When work packages have significant uncertainty associated with the time or cost to
complete, we use
Select one:
a. Bottom-up approach
b. Top-down approach
c. Range estimating
d. Phase Estimating

9) The probability distribution for project duration in PERT follows

Select one:
a. Binomial Distribution
b. Normal Distibution
c. Poisson Distribution
d. Beta Distribution

10) When the project size and scope are small, we prefer
Select one:
a. Responsibility Matrix
b. Work breakdown structure
c. Process break down structure
d. Organization break down structure
 11) Which of the following generally cannot be validated using a work breakdown structure
Select one:
a. Quality control
b. Schedule control
c. Risk Management
d. Cost control

12) The lowest level of work break down structure is called

Select one:
a. Lowest Deliverables
b. Work Package
c. Deliverables
d. Work Accounts

13) Activity with no time duration is called

Select one:
a. zero slack activities
b. resource activities
c. supervision activities
d. dummy activities

14) Delphi Method is used in the following estimating methods

Select one:
a. Consensus Method
b. Apportion Method
c. Function Points
d. Ratio Method

15) One of the most condition reasons why projects undergo scope change is
Select one:
a. Lack of Funding
b. Poor Work breakdown structure
c. Poorly defined statement of work
d. Lack of resources
 16) Time - Constrain and Cost - Acceptable means
Select one:
a. Time is fixed, cost is fixed
b. Time is fixed , cost can be optimized
c. Time is fixed, cost overrun/under run is acceptable
d. Time is optimized, cost overrun/under run is not acceptable

17) The work breakdown structure "control points" for the management of a project are the
Select one:
a. Milestones
b. Work Packages
c. Activities
d. Constraints

18) Top - down approach is used for time and cost estimating when
Select one:
a. Fixed - price contract
b. Unstable scope
c. Cost and time are important
d. Customer wants details

19) When an unusual amount of uncertainty surrounds a project, we use

Select one:
a. Bottom-up approach
b. Range Estimating
c. Top-down approach
d. Phase Estimating

20) The probability distribution for activity times in PERT follows

Select one:
a. Binomial distribution
b. Poisson Distribution
c. Beta Distribution
d. Normal Distribution
 21) A significant event in a project that occurs at a point in time is called
Select one:
a. Deliverable
b. Milestones
c. Exclusions
d. Objective

22) Which of the following cannot be identified after performing a forward pass and backward
pass
Select one:
a. How much overtime is planned
b. Slack time
c. Dummy activities
d. Critical path activities

23) The amount of time a job can be delayed without affecting the early start time of any other
job is called
Select one:
a. Total Slack
b. Interfering Slack
c. Free Slack
d. Independent Slack

24) "Must to do" projects are called

Select one:
a. Strategic Projects
b. Compliance Projects
c. All of the above
d. Operational Projects

25) For a project, if Net Benefit cost ratio is greater than 0

Select one:
a. Accept the project
b. Indifferent
c. Reject the project
d. Postpone the project