Question Option 1 Option 2 Option 3 Option 4 Answers

Choose What An increase in user or team knowledge which is Scope Scope Change Strategy Innovation 2
the primary factor leads to:
Select how can we describe the problem of changing the scope Issue Drawback Downfall Success 1
or performance, expected of a project
Choose which of the following is an important factor that can Project size Planning process Project complexity Degree of structural 1
affect the accuracy and efficacy of estimates? uncertainty

Choose which of the following is not considered to be a An established A clear beginning Complex tasks Only for internal use 4
characteristic of a project? objective and end
Identify from the following stages are you more likely to find Conceptualizing Defining Planning Executing 4
status reports, manychanges, and the creation of forecasts

Choose what is the first step in project planning? Establish the Determine the Select the team Determine project 1
objectives and scope. budget. organizational model. constraints.

If Once the project is approved and moves into the planning Agreements for risk The total risk on the Risks must be weighed Risks are identified 4
stage, Choose what happens in the next phase of the project life sharing need to be project typically against the potential with each major
cycle? concluded. reduces as activities benefit of the project’s group of activities.
are performed success in order to decide
without loss. if the project should be
chosen.
Select the principle on which Diversity management works Positive Workplace Good project teams Acceptance Proper Project Life 3
Cycle
Arrange the following steps involved in capital budgeting in (ii), (iii), (i), (v), (iv) (iii), (ii), (i), (v), (iv) (i), (iii), (ii), (v), (iv) (i), (ii), (iii), (v), (iv) 2
order of their occurrence
(i) Project Selection
(ii) Project appraisal
(iii) Project generation
(iv) Follow up
(v) Project execution
Choose by which of the following ways A newly established issue of equity issue of preference issue of debenture issue of special 3
company cannot be successful capital share shares
Select Which of the following elements is not normally common An objective Uniqueness Uncertainty No defined end point 4
in projects?
Choose Successful project management does NOT include Interchangable staff Competent team Control mechanisms Responsiveness to 1
which of the following factors? members clients
Select Which is the first stage in the project management model? Project control Understanding the Project definition Project planning 2
project environment

Choose what a clear hierarchy of objectives in the project An End result The purpose Control mechanisms Success criteria 3
definition would NOT normally contain:
Select Which of the following should be taken into account Political Operational Social environment All of the above 4
when planning a project? environment environment
Choose Which of the following is not one of the classifications Sacred cow Bread-and-butter Pearls Oysters 1
for assessing a project portfolio?
Which of the following is not one of the steps in the risk Risk response Risk assessment Risk identification Risk tracking 4
management process? development
Choose the phases of a project life cycle starting, planning, concept, definition, initiation, definition, concept, definition, 2
control and closing. development, planning, monitoring and implementation and
handover and operations. operations.
closure.
Select Who are project team members primarily accountable to? External The end users. The finance director. The project manager. 4
stakeholders
Choose Which one of the following best describes a project A party who is A party with an A party who has a vested A party who has a 2
stakeholder? concerned about the interest or role in the interest in the outcome of financial stake in the
project going ahead project or is the project. organisation
impacted by the managing the
project. project.
Which of the following is the number one characteristic that is Overall intelligence Works well with Offer a party for his is an independent
looked for in management candidates? others project team and client to approach
2
celebrate the success of
the project.
Which of the following choices is not one of the stages of a Conceptualizing Defining Planning Executing
1
project life cycle?
In which of the following stages are you more likely to find Conceptualizing Defining Planning Executing
status reports, manychanges, and the creation of forecasts? 4

What is the first step in project planning? Establish the Determine the Select the team Determine project
objectives and budget. organizational model. constraints. 1
scope.
Once the project is approved and moves into the planning Agreements for risk The total risk on the Risks must be weighed Risks are identified
stage, what happens in the next phase of the project life cycle? sharing need to be project typically against the potential with each major
concluded. reduces as activities benefit of the project’s group of activities.
4
are performed success in order to decide
without loss. if the project should be
chosen.
Diversity management works on the principle of: Positive Workplace Good project teams Acceptance Proper Project Life
3
Cycle
Arrange the following steps involved in capital budgeting in (ii), (iii), (i), (v),(iv) (iii), (ii), (i), (v), (iv) (i), (iii), (ii), (v), (iv) (i), (ii), (iii), (v), (iv)
order of their occurrence
(i) Project Selection
(ii) Project appraisal 2
(iii) Project generation
(iv) Follow up
(v) Project execution
Which of the following steps of purchase decision process is in 1,3,2,4,5 1,2,4,3,5 2,1,3,5,4 1,2,3,4,5
sequence?
(i) Problem recognition
(ii) Search for alternative 4
(iii) Evaluation of alternative
(iv) Purchase action
(v) Post purchase action
Depreciation is incorporated in cash flows because it Is unavoidable cost Is a cash flow Involves an outflow Reduces tax liability
4
Debt financing is a cheaper source of finance because of Time value of Money Rate of Interest Tax deductibility of Dividends not
Interest payable to lenders. 3

A newly established company cannot be successful in obtaining issue of equity issue of preference issue of debenture issue of special
3
finance by way of capital share shares
Which of the following elements is not normally common in An objective Uniqueness Uncertainty No defined end
4
projects? point
Successful project management does NOT include which of the Interchangable staff Competent team Control mechanisms Responsiveness to
1
following factors? members clients
Which is the first stage in the project management model? Project control Understanding the Project definition Project planning
project environment 2

A clear hierarchy of objectives in the project definition would An End result The purpose Control mechanisms Success criteria
3
NOT normally contain:
Which of the following should be taken into account when Political Operational Social environment Factors of all the
planning a project? environment environment environments that
4
affect the business.

Which of the following is not one of the classifications for Sacred cow Bread-and-butter Pearls Oysters
1
assessing a project portfolio?
An uncertain event or condition that, if it occurs, has a positive Random chance A disaster Risk Hazard
or negative effect on a project objectives is termed. 3

Which of the following is not one of the steps in the risk Risk response Risk assessment Risk identification Risk tracking
4
management process? development
The phases of a project life cycle are: starting, planning, concept, definition, initiation, definition, concept, definition,
control and closing. development, planning, monitoring and implementation and
2
handover and operations. operations.
closure.
Who are project team members primarily accountable to? External The end users. The finance director. The project
4
stakeholders manager.
Which one of the following best describes a project A party who is A party with an A party who has a vested A party who has a
stakeholder? concerned about the interest or role in interest in the outcome of financial stake in the
project going ahead the project or is the project. organisation 2
impacted by the managing the
project. project.
Quality assurance provides confidence to stakeholders that TRUE FALSE
2
requirements for quality will be exceeded.
Quality planning enables the project manager to manage the TRUE FALSE
trade-off between customer expectations and budget. 2

An increase in project scope is likely to increase project cost. TRUE FALSE

1
The business case is owned by the sponsor and is created TRUE FALSE
2
during definition phase of the project life cycle.
Projects are transient endeavours that bring about change to TRUE FALSE
1
business-as-usual.
A project is always the starting point for operation refinement. TRUE FALSE
2
A project sponsor is responsible for all communication methods TRUE FALSE
2
and media.
It is best to have a standard set of project reports used for TRUE FALSE
2
every project.
Different stakeholders typically have different communication TRUE FALSE
1
needs.
Email is the only way to communicate with large numbers of TRUE FALSE
2
people.
project risk register facilitates the review and monitoring of TRUE FALSE
1
risks.
project risk register facilitates the risk appetite TRUE FALSE 2
project risk register facilitates the recording of risk responses. TRUE FALSE
1
project risk register facilitates the recording of risks. TRUE FALSE 1
From among the following activities, which is the best example Processing insurance Producing Writing a term paper Completing a college
3
of a project? claims automobiles degree
As a project manager, Tyler is so happy that all expected Ask his client to pay Award all of his Offer a party for his Offer a party for his
project deliverable have been accomplished by his project for the completed project team project team and client to project team and
team. What is the next step for his project to proceed in order project deliverables. members for such a celebrate the success of client to celebrate
4
to verify the project scope by his project client? great the project. the success of the
accomplishment. project.

Which of the following is the number one characteristic that is Overall intelligence Works well with Offer a party for his is an independent
looked for in management candidates? others project team and client to approach
2
celebrate the success of
the project.
The advent of project management has been most profound in Automobile Construction Information technology Department of
3
_________ manufacturing Defense
According to the Project Management Institute (PMI), project skills, analysis skills, tools tools, analysis analysis, theories
management is defined as “the application of knowledge,
2
_____, _____, and techniques to project activities to meet the
project requirements”.
Project management is ideally suited for a business Accountability Flexibility Innovation Repeatability
environment requiring all ofthe following except __________ 4

Which of the following choices is not one of the stages of a Conceptualizing Defining Planning Executing
1
project life cycle?
In which of the following stages are you more likely to find Conceptualizing Defining Planning Executing
status reports, manychanges, and the creation of forecasts? 4
What is the first step in project planning? Establish the Determine the Select the team Determine project
objectives and budget. organizational model. constraints. 1
scope.
Once the project is approved and moves into the planning Agreements for risk The total risk on the
Risks must be weighed Risks are identified
stage, what happens in the next phase of the project life cycle? sharing need to be project typically against the potential with each major
concluded. reduces as activities
benefit of the project’s group of activities.
4
are performed success in order to decide
without loss. if the project should be
chosen.
Diversity management works on the principle of: Positive Workplace Good project teams Acceptance Proper Project Life
3
Cycle
During the _________ of a project, the project manager focuses completion start-up execution evaluation
on developing the project infrastructure needed to execute the
2
project and developing clarity around the project charter and
scope.
The assessment of the external and internal environments is Competitive Industry SWOT Strategic
3
called _______ analysis.
A ____ needs to possess excellent analytical and organisational HR Manager Finance manager Marketing Manager Project manager
4
skills to manage a project team.
Arrange the following steps involved in capital budgeting in (ii), (iii), (i), (v), (iv) (iii), (ii), (i), (v), (iv) (i), (iii), (ii), (v), (iv) (i), (ii), (iii), (v), (iv)
order of their occurrence
(i) Project Selection
(ii) Project appraisal 2
(iii) Project generation
(iv) Follow up
(v) Project execution
Which of the following steps of purchase decision process is in 1,3,2,4,5 1,2,4,3,5 2,1,3,5,4 1,2,3,4,5
sequence?
(i) Problem recognition
(ii) Search for alternative 4
(iii) Evaluation of alternative
(iv) Purchase action
(v) Post purchase action
Depreciation is incorporated in cash flows because it Is unavoidable cost Is a cash flow Involves an outflow Reduces tax liability
4
Debt financing is a cheaper source of finance because of Time value of Money Rate of Interest Tax deductibility of Dividends not
Interest payable to lenders. 3
A newly established company cannot be successful in obtaining issue of equity issue of preference issue of debenture issue of special
3
finance by way of capital share shares
Which statement best describes a responsibility of the project to be the sole source to deliver the project to take ultimate to delegate all 2
manager: of expertise for objectives to enable accountability for the accountability for
estimating benefits to be delivery of the business managing time, cost
techniques on cost realised. benefits. and quality to team
and time. leaders.
A project is typically defined in terms of scope, time, cost and Benefits. Quality. Tolerance. Controls. 2
which other parameter?
Which one of the following is a valid project Key Performance Staff appraisals. Management buy in. Milestone achievement. Master schedule. 3
Indicator (KPI)?
Who owns the Project Management Plan (PMP)? The project team. The chief executive. The project manager. The project support 3
office.
Which one of the following best describes users? Providers of both Those intended to Facilitators of an Those providing 2
strategic and receive benefits or appropriate issue full-time
tactical direction to operate outputs. resolution procedure. commitment to the
the project. project.
Which one of the following is captured in the Work Breakdown The life cycle phases The logical order of The scope of the project Project costs 3
Structure (WBS)? tasks
Which stage of project management life cycle requires the Conceptualization Planning Execution Estimation 3
maximum time of completion
In Project management when does planning take place? Before the project During the project At the start of the project After the project 3
execution
Which of the following represents the estimated value of the Earned value (EV) Planned value (PV) Actual cost (AC) Cost variance (CV) 1
work actually accomplished?
In which stage of team development, team members are worried Norming Storming Forming Performing 3
about how they fit in with the others and how their capabilities
and skills compare.
Which of the following is an important factor that can affect Project size Planning process Project complexity Degree of structural
the accuracy and efficacy of estimates? uncertainty 1

Which of the following is not considered to be a characteristic An established A clear beginning Complex tasks Only for internal use
4
of a project? objective and end
From among the following activities, which is the best example Processing insurance Producing Writing a term paper Completing a college
3
of a project? claims automobiles degree
Software project estimation can never be an exact science, but TRUE FALSE
a combination of good historical data and systematic
1
techniques can improve estimation accuracy.

Strategy considered to be under purview of senior TRUE FALSE

1
management is old school thinking.
Technical risks are imposed duration dates TRUE FALSE 2
Project cycle is a collection of generally sequential project TRUE FALSE
phases whose description and order of occurrence are
1
determined by the control needs of the organisation or
organisations involved in the project.
Project closure involves releasing the final product to the TRUE FALSE
customer, handing over the project documentation, manuals, 1
source code, and network layouts.
The conflicts in project ranking in capital budgeting as per NPV TRUE FALSE
and IRR may arise because of size disparity only 2

A project leader or manager is expected to be completely TRUE FALSE

accountable for his team members and meeting the team’s 1
targets.
Projects with high levels of complexity are likely to be especially TRUE FALSE
difficult to define and set realistic objectives for. 2

We need a model for assisting us in making project: selection decision model decision analyzing data gathering 1
Discounted cash flow is also known as: Internal Rate of Profitability Index Net Present Value Net Margin value
3
Return
An increase in user or team knowledge is the primary factor Scope Scope Change Strategy Innovation
2
leading to:
The problem of changing the scope or performance, expected Issue Drawback Downfall Success
1
of a project is a major:
Despite of how carefully a project is planned, it is almost Execution Assigning resources Planning Completion
4
certain to be changed before:
New ventures by fresh entrepreneur/promotor are Brownfield projects Greenfield projects Conglomerate projects Concentric projects
2
_____________?
Project selection models can be classified in _________ 3 types 4 types 6 types 2 types 4
The cause of change that cannot be managed by the PM is Technological Innovation Change in environment Increased client
3
__________ Uncertainity knowledge
Which of the following is an important factor that can affect Project size Planning process Project complexity Degree of structural
the accuracy and efficacy of estimates? uncertainty 1

Choose from the options the main purpose of the Project provide justification ensure the project document the outcomes of document the 3
Management Plan for undertaking the sponsor has tight the planning process and outcome of the risk,
project in terms of control of the project provide the reference change and
evaluating the manager’s activity. document for managing configuration
benefit, cost and risk the project. management
of alternative processes.
options.
Select Who has ultimate responsibility for project risk? Steering group. Risk owner. Project sponsor. Project manager. 3
Choose Which one of the following illustrates why effective It utilises resources It advocates It recommends using only It ensures that the 1
project management is beneficial to an organisation? as and when required employing a highly skilled people in the chief executive is
under direction of a consultancy firm project team. accountable for the
project manager. which specialises in achievement of the
managing change. defined benefits.

Identify Which one of the following statements best defines People working Developing skills Gathering the right people Establishing vision 1
teamwork? collaboratively that will enhance together to work on a and direction
towards a common project performance. project. towards a common
goal. purpose.
Choose Which statement best describes a responsibility of the to be the sole source to deliver the project to take ultimate to delegate all 2
project manager: of expertise for objectives to enable accountability for the accountability for
estimating benefits to be delivery of the business managing time, cost
techniques on cost realised. benefits. and quality to team
and time. leaders.
Select from options What is defined as “the ability to influence Teamwork. Motivation. Management. Leadership. 4
and align others towards a common purpose”?
Choose how the term quality is best defined In project inspection, testing reviews and audits. fitness for purpose of professionally-bound 3
management and measurement. deliverables. project reports.

Select Which one of the following statements best defines the To define the To define how the To establish the extent of To identify the 1
purpose of a Product Breakdown Structure (PBS)? hierarchy of products are work required prior to health and safety
deliverables that are produced by project commissioning and strategies and
required to be identifying the handover procedures to be
produced on the derivations and used on the project.
project. dependencies.
IdentifyWhich one of the following is least likely to be a success A target for the The date by which Delivery of products that The awarding of 4
criteria? project to receive the project is to be meet required bonuses to senior
zero change requests. completed. specifications. management.

Identify Which one of the following is a valid project Key Staff appraisals. Management buy in. Milestone achievement. Master schedule. 3
Performance Indicator (KPI)?
If you would like to see a list of resources and the tasks that Resource Sheet Task Usage Gantt Chart Resource Usage 3
people are assigned to. What view best displays this
information?
Which of the following is not a feature of the project Temporary Permanent Ongoing continuous 1
Discounted cash flow is also known as: Internal Rate of Profitability Index Net Present Value Net Margin value 3
Return
An increase in user or team knowledge is the primary factor Scope Scope Change Strategy Innovation 2
leading to:
The problem of changing the scope or performance, expected of Issue Drawback Downfall Success 1
a project is a major:
Despite of how carefully a project is planned, it is almost certain Execution Assigning resources Planning Completion 4
to be changed before:
From among the following activities, which is the best example Processing insurance Producing Writing a term paper Completing a college 3
of a project? claims automobiles degree
As a project manager, Tyler is so happy that all expected project Ask his client to pay Award all of his Offer a party for his Offer a party for his 4
deliverable have been accomplished by his project team. What is for the completed project team project team and client to project team and
the next step for his project to proceed in order to verify the project deliverables. members for such a celebrate the success of the client to celebrate the
project scope by his project client? great project. success of the
accomplishment. project.

Which of the following is the number one characteristic that is Overall intelligence Works well with Offer a party for his is an independent 2
looked for in management candidates? others project team and client to approach
celebrate the success of the
project.
Which of the following steps of purchase decision process is in 1,3,2,4,5 1,2,4,3,5 2,1,3,5,4 1,2,3,4,5 4
sequence?
(i) Problem recognition
(ii) Search for alternative
(iii) Evaluation of alternative
(iv) Purchase action
(v) Post purchase action
Depreciation is incorporated in cash flows because it Is unavoidable cost Is a cash flow Involves an outflow Reduces tax liability 4

Debt financing is a cheaper source of finance because of Time value of Rate of Interest Tax deductibility of Dividends not 3
Money Interest payable to lenders.
Which of the following is not one of the classifications for Sacred cow Bread-and-butter Pearls Oysters 1
assessing a project portfolio?
An uncertain event or condition that, if it occurs, has a positive Random chance A disaster Risk Hazard 3
or negative effect on a project objectives is termed.

Which of the following is not one of the steps in the risk Risk response Risk assessment Risk identification Risk tracking 4
management process? development
The phases of a project life cycle are: starting, planning,
concept, definition, initiation, definition, concept, definition, 2
control and closing.
development, planning, monitoring and implementation and
handover and operations. operations.
closure.
Who has ultimate responsibility for project risk? Steering group. Risk owner. Project sponsor. Project manager. 3
. When a project has completed the handover and closure phase: the project the project the project documentation the capability is now 4
deliverables are deliverables are must be disposed of. in place for the
ready for ready for handing benefits to be
commissioning. over to the users. realised.
Which one of the following illustrates why effective project It utilises resources It advocates It recommends using only It ensures that the 1
management is beneficial to an organisation? as and when required employing a highly skilled people in the chief executive is
under direction of a consultancy firm project team. accountable for the
project manager. which specialises in achievement of the
managing change. defined benefits.

Which one of the following statements best defines teamwork? People working Developing skills Gathering the right people Establishing vision 1
collaboratively that will enhance together to work on a and direction
towards a common project performance. project. towards a common
goal. purpose.

Execution of the risk Monitoring of Initiating contingency Not identifying for

Which of the following is not the part of Risk Control 4
response strategy triggering events plans new risks

Which of the following represents the estimated value of the

Earned value (EV) Planned value (PV) Actual cost (AC) Cost variance (CV) 1
work actually accomplished?
Who orchestrate the completion of the project by inducting the
Strategic Business
right people at the right time to address the right issue and make Project Coordinator Project Manager Operations Manager 2
Unit Head
the right decisions?
Which stage of project management life cycle usually requires
Conceptualization Planning Execution Estimation 3
the maximum time of completion
During the project
In Project management when does planning take place? Before the project At the start of the project After the project 3
execution
Providers of both
Those intended to Facilitators of an Those providing full-
strategic and tactical
Which one of the following best describes users? receive benefits or appropriate issue time commitment to 2
direction to the
operate outputs. resolution procedure. the project.
project.
Which one of the following is a valid project Key Performance
Staff appraisals. Management buy in. Milestone achievement. Master schedule. 3
Indicator (KPI)?
A project is typically defined in terms of scope, time, cost and
Benefits. Quality. Tolerance. Controls. 2
which other parameter?
A communication management plan identifies the relevant the project
the project team. the project board. the project sponsor. 2
information that should be communicated to whom? stakeholders.
An increase in user or team knowledge is the primary factor
Scope Scope Change Strategy Revolution 2
leading to:

A group of related An organizational

A function of
projects managed in function performing
operations that
a coordinated way to the ongoing A temporary endeavor was
focuses on sustaining
obtain the benefits execution of undertaken to create a
Which of the following best describe what is Project? business that may 3
and control not activities that unique product, service or
have a one-time
available from produce the same result.
configuration or
managing them product or provide a
ongoing processes
individually. repetitive service.

Initiate, plan, Define, design, Define, measure,

Design, analyze, improve,
Which of the following correct project management processes control, execute, deploy, evaluate, destroy, design, 1
control
close refine verify
Which of the following is the most neglected Project
Initiate HR Input Closure 4
management process
Throw a bunch of Plan your risk by
money in a risk slush identifying,
Some projects don’t Monitor risks and when
fund and use it as quantifying,
have risks, so only applicable mitigate,
How to manage the project risk needed, then if it analyzing, 4
make plans when transfer, avoid, or accept
isn’t used, you can developing plans,
absolutely necessary. risks.
throw a fantastic monitoring and
party! control.
Project management is ideally suited for a business environment
Accountability Flexibility Innovation Repeatability 4
requiring all of the following excluding ?
A clear hierarchy of objectives in the project definition would
An End result The purpose Control mechanisms Success criteria 3
NOT normally contain:
The cost impact of a risk event occurring as a project proceeds Drop sharply and Rise sharply and then Remain about the
Rise Slowly 1
through its life cycle tends to then level out level out same

An uncertain event or condition that, if it occurs, has a positive

Random chance A disaster Risk Hazard 3
or negative effect on a project objectives is termed.

Which of the following is not one of the steps in the risk Risk response
Risk assessment Risk identification Risk tracking 4
management process? development
Who has ultimate responsibility for project risk? Steering group. Risk owner. Project sponsor. Project manager. 3
the project the project the capability is now
What happens, when a project has completed the handover and deliverables are deliverables are the project documentation in place for the
4
closure phase ready for ready for handing must be disposed of. benefits to be
commissioning. over to the users. realized.
Which is review undertaken to decide whether a project should
gate review. feasibility study. milestone review. evaluation review. 3
proceed into its next phase
People working Establishing vision
Developing skills Gathering the right people
collaboratively and direction
Which one of the following statements best defines teamwork? that will enhance together to work on a 1
towards a common towards a common
project performance. project.
goal. purpose.
to be the sole source to delegate all
to deliver the project to take ultimate
of expertise for accountability for
Which statement best describes a responsibility of the project objectives to enable accountability for the
estimating managing time, cost 2
manager: benefits to be delivery of the business
techniques on cost and quality to team
realized. benefits.
and time. leaders.
What is defined as “the ability to influence and align others
Teamwork. Motivation. Management. Leadership. 4
towards a common purpose”?

A target for the The date by which Delivery of products that The awarding of
Which one of the following is least likely to be a success
project to receive the project is to be meet required bonuses to senior 4
criteria?
zero change requests. completed. specifications. management.

project support
Who owns the Project Management Plan (PMP)? project team The chief executive. The project manager. 3
office.
 To define the To define how the
To identify the
hierarchy of products are To establish the extent of
health and safety
Which one of the following statements best defines the purpose deliverables that are produced by work required prior to
strategies and 1
of a Product Breakdown Structure (PBS)? required to be identifying project commissioning and
procedures to be
produced on the derivations and the handover
used on the project.
project. dependencies.
Which one of the following is captured in the Work Breakdown The logical order of
The life cycle phases The scope of the project Project costs 3
Structure (WBS)? tasks
allocate work
define the terms of define the limits of allocate risk management
packages to those
A Responsibility Assignment Matrix (RAM) can be used to reference of the the project sponsor’s response activities to 4
responsible for
project manager. responsibilities. project personnel.
project work.