Project Management Concept Test Questions #1

You are responsible for a product development project that will result in a new high 240 kV breaker. Half way into the project your controller tells you that the production cost of the new breakers will be 27% higher than expected due to rising copper prizes and selection of copper as material for the break chamber. The deviation in the goal dimension is:

You are responsible for a product development project that will result in a new high 240 kV breaker. Halfway into the project your controller tells you that the marketing cost of the new breakers will be 27% higher than expected due to rising copper prizes and selection of copper as the material for the brake chamber. The deviation in the goal dimension is:

What is a time critical project?

One of a project manager’s main tasks is establishing sufficient project control through seeing to that:

One major reason for failure is:

Utilities is one of the most project intensive industries

Healthcare Industry is one of the most project intensive industry areas

Standardized management tools & techniques are key factors for project success

What are the 4 stages of team development?

During a software project Earned Value Analysis is performed and gives the following results: EV: 523,000; PV: 623,000; AC: 643,000. Which results are correct?

Which of the following is not normally an element of the Project Charter?

Which of the following Tools and Techniques is part of Risk Management Planning?

In the purchasing process, which of the following is the output of Source Selection?

Which of the following is not considered to be part of Project Resource Management?

A project manager performs Earned Value Analysis and finds the following values: EV: 100,000; PV: 125,000; AC: 100,000

Which of the following is (are) preventive measure(s) for dealing with risks?

Project costs are over budget when:

Project costs are under budget when:

Which of the following statements is not true?

You are assigned as the project manager in a project with an aggressive schedule. During a recent meeting your team complained about the high pressure applied and the many hours of overwork time. What is the preferred solution to handle the problem?

A project is managed by a project coordinator. Which of the following statements is most likely to be true?

Which of the following statements concerning cross-cultural differences is true?

In a software company a large number of simultaneously performed projects utilize the same groups of human and other resources. What is the term commonly used for this situation?

What are SMART objectives?

Which is true regarding projects?

In making an investment in a project, investors require

Ongoing project planning is also known as ________.

A ______looks at determining if the project idea is a realistic project.

[MULTI-PART QUESTION #1] You are the project manager for a seminar and training session that approximately 2,000-2500 employees will be attending. The employees attending the training will receive compensation for the travel expenses. You have rented a hall for the seminar and purchased sufficient meals and drinks for 2500 person; however, you are unsure exactly how many people will attend. Moreover, the number of tables required will change depending on attendance. The cost of the furniture should be considered?

[MULTI-PART QUESTION #2] The cost of renting the hall should be considered?

[MULTI-PART QUESTION #3] The cost of the trainer should be considered?

[MULTI-PART QUESTION #4] The cost of the advertisement and invitations for the training should be considered?

[MULTI-PART QUESTION #5] The cost of the food for the training should be considered?

[MULTI-PART QUESTION #6] Your salary for the time spent preparing for the training should be considered?

[MULTI-PART QUESTION #7] The cost of the travel expenses compensation for the employees should be considered?

The most crucial time for project risk assessment is:

A project should be terminated for all of the following reasons except:

In Order to ensure that all work in the project is included, the PM should

A project manager would find team development the most difficult in which form of organization?

Which of the following it the logical flow of any project?

In which phase of a project would you estimate activity duration and resources?

Which of the following is not considered part of Maslow’s Hierarchy of Needs?

You are managing the release of a new drug in the market. Your role is:

Which of the following is not true about a project?

Your IT company is responsible for making software virus programs. You are responsible for managing both the individual product releases and the co-ordination of multiple releases over time. Your role is that of a:

Your organization is considering running a project which will entail an investment of $1,000,000. The product from the project is forecasted to create revenues of $250,000 in the first year after the end of the project and of $420,000 in each of the two following years. What should the decision be?

You scheduled a kick-off meeting in order to announce the start of your project, present the plan and develop consensus on it. Another topic will be explanation of each team member’s role. In addition, you planned some time for discussions. You published the agenda of the kick-off meeting some weeks ago to all invited attendees. Now, short term before the event, you receive various cancellations by team members, who say that they cannot join the meeting. But they will be with you when project work will start.

During human resource planning you identified that your team members are not sufficiently qualified for their tasks. Which may be an appropriate solution to this problem?

You monitored figures on cost and planned/earned value for each individual project week until the data date at the end of the sixth week. The values at the end of the Six week were: AC= $100,000, EV= $120,000, PV= $110,000. What is the status of this project at this date?

The values at the end of the Six week were: AC= $335,000, EV= $300,000, PV= $347,000. What is the status of this project at this date?