Business Planning and Project Management MCQ

Business plan mcqs with answers pdf. Business Planning and

Project Management MCQ pdf. Project Management Multiple
Choice Questions and Answers for MBA, BBA.

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Business Planning and Project Management? Then you have
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Here we will provide you with a range of questions and answers

that can help you test your knowledge on these important
topics. Whether you are preparing for an upcoming exam or
brushing up on your skills, this article has something for
everyone.

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ace any test related to Business Planning and Project
Management.
What is Business Planning and Project Management

Business Planning and Project Management are two essential

concepts that every business owner should understand.
Business planning is the process of setting goals, formulating
strategies, and creating a roadmap to achieve success.

It involves analyzing market trends, identifying potential risks,

and developing contingency plans to mitigate them. By
creating a comprehensive business plan, entrepreneurs can
effectively communicate their vision to investors, stakeholders
and employees.

Project management is the process of planning, organizing,

leading and controlling resources (human or material) in order
to achieve specific goals within a defined time frame.
It involves breaking down complex projects into manageable
tasks, assigning responsibilities to team members and tracking
progress along the way. Effective project management ensures
that projects are completed on time and within budget while
maximizing efficiency and quality.

Both business planning and project management are essential

for achieving success in any business venture.

A Project Management Information System consists of the followings

A Project Management Information System (PMIS) is a system

composed of the tools and techniques used to manage projects.

It consists of processes, methods, databases, software, and

hardware that help project managers plan, execute, monitor
and control the various aspects of their projects.

It also includes communication networks that provide access to

necessary information for all stakeholders involved in the
project.

By utilizing a PMIS, project managers can effectively track

progress, identify risks and opportunities, streamline
communications and ultimately optimize project performance.

Business Planning and Project Management MCQs

Q1. The project manager conducts the analysis of the problem

& submits the report to the ___.
a. Top Management
b. Lower Management
c. Middle Management
d. All of the Above

View Answer
Answer: (a)

Q2. The Staff performance has to be evaluated ___.

a. Marketing phase
b. Design Phase
c. Testing Phase
d. Post-completion analysis phase

View Answer
Answer: (d)

Q3. The project management process is defined by the ___. It

describes & organizes the work of the project.
a. Customer
b. Organization
c. Project
d. None of the above

View Answer
Answer: (b)

Q4. A workable scheme is maintained to accomplish the

business need in ___.
a. Executive Process
b. Controlling process
c. Planning Process
d. Initiative process

View Answer
Answer: (c)

Q5. Controlling process controls ___.

a. Time
b. Cost
c. Quality
d. All of the Above

View Answer
Answer: (d)

Q6. A team negotiates for ___

a. Scope cost & schedule objectives
b. Changes to scope, cost, or schedule
c. Contract terms & conditions, resources
d. All of the Above

View Answer
Answer: (d)

Q7. If you add staff, the schedule may shorten & costs will
increase.
a. True
b. False

View Answer
 Answer: (a)

Q8. The ___ is a useful tool in project management to compare

the relative flexibility of the parameters considered.
a. Kiviat graph
b. Pert Chart
c. All of the above
d. None of the above

View Answer
Answer: (a)

Q9. The project will go through for preparation, which

constitutes formulation & modeling, Planning, control,
execution, monitoring, completion & review.
a. Statement is correct
b. Statement incorrect

View Answer
Answer: (a)

Q10. In the ___ stage, the project manager along with the team
members draft the outline of the project.
a. Initial stage
b. Final stage
c. Preparation stage
d. None of the above

View Answer
Answer: (c)
Q11. We need to monitor each project as such and make a
program to manage them as a group to take the ___ and be
prepared to manage diversity is called ___
a. All are valid
b. Disadvantages, P3M
c. Advantages, P3M
d. Advantages, P2M

View Answer
Answer: (d)

Q12. Resource requirement increases at the rapid rate of

becoming constant while the project is during its 80% to 95%
progress stage___.
a. True
b. False

View Answer
Answer: (a)

Q13. The scope of Project planning includes the identification

of key areas from the client through ___.
a. Meetings
b. Discussion
c. Interviews
d. All of the above

View Answer
Answer: (d)
Q14. The review process is not training plan-oriented.
a. True
b. False

View Answer
Answer: (b)

Q15. Prepare a checklist of items to be monitored & control

during the course of execution of projects in ___.
a. Identification process
b. Review process
c. Analysis Process
d. None of the above

View Answer
Answer: (b)

Q16. Five conditions imposed on every project are.

a. Scope, Quantity, Time, Cost, Resources
b. Quality, Scope, Time, Cost, Resources
c. Quality, Scope, Time, Cost, Quantity
d. None of the above

View Answer
Answer: (b)

Q17. The Key Personnel for each area and list them in the
person column of the project ___
a. Datalist
b. Worksheet
c. Project assignment worksheet
d. Assignment

View Answer
Answer: (c)

Q18. Individuals assigned to a key resource role may work

towards gathering “Business key resources” & technical key
resources they are projecting.
a. Coordinators & team invitees
b. Team leader
c. Project manager
d. All are correct

View Answer
Answer: (a)

Q19. ___ is produced by identifying the key elements breaking

each element down into component parts & continuing to
break down until manageable.
a. Responsibility chart
b. Checklist
c. WBS
d. Team

View Answer
Answer: (c)
Qs 20. WBS does not show dependencies.
a. True
b. False

View Answer
Answer: (a)

Q21. ___ Involves the identification of the possible risks and

assesses the consequences by means of a checklist of possible
risks, surveys, meetings brainstorming, and reviews of plans,
processes, and products.
a. Risk Assessment
b. Risk Control
c. Risk Ranking
d. Risk Mitigation

View Answer
Answer: (a)

Q22. Reviews, Findings, and analysis of the project performance

are done during
a. Planning Processes
b. Executing Processes
c. Controlling Processes
d. Closing Process

View Answer
Answer: (d)
Q23. ___ Specify the objective, products, logistics, roles,
responsibilities, and time frame.
a. Review
b. Quality
c. Agenda for quality review
d. Schedule quality review

View Answer
Answer: (c)

Q24. To check the deviation from the baseline during the Re-
Plan stage schedule ___ is used.
a. Gantt Chart
b. Cost workbook
c. All of the above
d. None of the above

View Answer
Answer: (c)

Q25. To identify the Alternate solutions evaluate the change

request with respect to the.
a. Functional scope
b. Schedule
c. Effort and cost
d. All of the above

View Answer
Answer: (d)
Q26. Project state reviews and the decisions taken and actions
planned need to be approved by the ___ management.
a. Top
b. Middle
c. Lower
d. None of the above

View Answer
Answer: (a)

Q27. The objectives, performance criteria, financial criteria,

resource utilization, slips and gains of time, adherence to the
project definition and plans have to be reviewed during ___.
a. Final product review
b. Outstanding project work review
c. Project review
d. Process review

View Answer
Answer: (c)

Q28. Normal information systems tell ___ if they are working

with the scope of the budget.
a. Managers
b. Top mgmt
c. Clerk
d. Executive

View Answer
Answer: (a)
Q29. ___ Need to know the information on all projects regarding
progress, problems, resources usage, costs, and project goals.
a. Upper managers
b. Top mgmt.
c. Clerk
d. Executive

View Answer
Answer: (a)

Q30. A project management information system also holds

schedule, scope changes, risk assessment, and actual results.
a. Correct
b. Incorrect

View Answer
Answer: (a)

Q31. Management Assurance measure is a task performed by

the ___ to balance the effort to convince management against
wavering with efforts to prepare team members to counter any
unexpected storms in the project.
a. Upper management
b. Customer
c. Executive
d. Project leaders

View Answer
Answer: (d)
Q32. CFT-Cross-functional teams for each project are useful to
find that for each project who will be in charge of the project
and POR-Plan of Record should be prepared for the process and
tools used in the project.
a. True
b. False

View Answer
Answer: (a)

Q33. ___ is a set of non-repetitive activities, which create a

unique product or service
a. Project
b. Development process
c. Project development process
d. Life cycle

View Answer
Answer: (c)

Q34. Force field theory is given by ___

a. Kurt Lewin
b. Robert Lafore
c. Jacobson
d. None of the above

View Answer
Answer: (a)
Q35. The information is constantly subjected to ___. Many times
Automated systems of quality control of key input data
connected with the project will help in reducing the risk of
over-runs beyond the control of the team.
a. Scientific and analytic processing
b. Scientific processing
c. Calculations
d. All of the above

View Answer
Answer: (a)

Q36. Every project will not have a huge information inflow that
has sorted, classified, distributed, analyzed for the purpose of
decision making and actions taken.
a. Correct
b. Incorrect

View Answer
Answer: (b)

Q37. ISO 9000 And ISO 9000: 2000 are certification standards
mostly for firms where the products have drawings, materials
that are purchased, processes that can be seen, inspected
corrected, and products that can be measured.
a. True
b. False

View Answer
Answer: (a)
Q38. ___ is a process of finding out as to what are the inputs
required, who will do it, how much it costs and how long it will
take.
a. Development Process
b. Project Development Process
c. Life Cycle
d. All of the above

View Answer
Answer: (b)

Q39. Every project will have a huge information inflow, which

has ___ for purpose of decision-making and actions are taken.
a. Sorted
b. Classified
c. Distributed & analyzed
d. All of the above

View Answer
Answer: (d)

Q40. Having given autonomy to teams the management needs

not keep track of their activities
a. True
b. False

View Answer
Answer: (b)
Q41. An amount of time between a predecessor and a successor
task is called ___ and the amount of time between successor
tasks can overlap with its predecessor task called ___
a. Lead time, Lag time
b. Lag time, Lead-time
c. Elapsed time, schedule slippage
d. All of the above

View Answer
Answer: (b)

Q42. The ___ provides a record of current achievement and

immediate expectations of the project and ___ summarize the
accomplishments for the month, schedule status, upcoming
tasks for the month, and any major issues.
a. Create flash report, create status report
b. Create status report, create flash report
c. Project status report, create flash report
d. Project status report, create the flash report

View Answer
Answer: (b)

Q43. A ___ is a process where we capture information from the

team experience and see the variances and ___ from the plan.
a. Review, similarities
b. Project review, deviations
c. Feasibility study, similarities
d. Feasibility, deviations
View Answer
Answer: (b)

Q44. Transactions are online making reporting ___ and ___

become faster
a. Feedback, decisions
b. Analysis, decisions
c. Testing, feedback
d. Designing, decisions

View Answer
Answer: (a)

Q45. The project manager and his team committed to any one
project will have to depend upon the various functionaries in
the administrative functions like ___.
a. Human resources
b. Finance
c. Purchase & legal
d. All of the above

View Answer
Answer: (d)

Q46. Organizations will have structures, hierarchies, ___, ___ and

decision centers and most importantly cultures, which define
them and make them unique.
a. Roles, channels
b. Functions, patterns
c. Functions, communications patterns
d. None of the above

View Answer
Answer: (c)

Q47. ___ is an ongoing effort among members across functions

to find new ways to improve quality in ___.
a. Scheduling, products & services
b. Quality mgmt., services
c. Total quality mgmt., products & services
d. Multiple tasking, services

View Answer
Answer: (c)

Q48. Each worker can substitute another worker and can

change his team depending upon the exigency. This means that
all the workers are trained for ___. This change has been found
to promote ___.
a. Multiple tasking, quality
b. Time scheduling, quality mgmt
c. Quality, new technology
d. Multiprogramming, technology

View Answer
Answer: (a)

Q49. ___ helps in resetting the goals when they cannot be

achieved for various reasons such as ___.
a. Testing, time
b. Testing, shortage of resources
c. Review, shortage of resources
d. None of the above

View Answer
Answer: (c)

Q50. The main concept is that a project has a ___ responsible for
all activities. They ___ are derived for a specific set of objectives.
a. Team, time schedules.
b. Member, quality
c. Member cost
d. Team, quality

View Answer
Answer: (a)