Francisco Ari
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Francisco Ari
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Project Management Concept Test Questions #1

Project Management Concept Test Questions #1

Question 1 of 50

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:

Select one of the following:

  • Time

  • Cost

  • Scope

  • None of the dimensions

Explanation

Question 2 of 50

1

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:

Select one of the following:

  • Time

  • Cost

  • Scope

  • None of the dimensions

Explanation

Question 3 of 50

1

What is a time critical project?

Select one of the following:

  • A project that has too little time to finish

  • A project that is delayed

  • A project where the end date is more important than meeting the budget or scope

  • A project that is too generously time scheduled?

Explanation

Question 4 of 50

1

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

Select one or more of the following:

  • Work is structured according to scope

  • Progress is evaluated and followed up

  • Risks are assessed

  • Scope is changed when deviations occur

Explanation

Question 5 of 50

1

One major reason for failure is:

Select one or more of the following:

  • Too many projects are carried out simultaneously

  • Uncontrolled scope changes throughout project

  • The project team has too much influence over planning

  • Too much project models make execution too rigid

Explanation

Question 6 of 50

1

Utilities is one of the most project intensive industries

Select one of the following:

  • True

  • Not enough data

  • False

Explanation

Question 7 of 50

1

Healthcare Industry is one of the most project intensive industry areas

Select one of the following:

  • True

  • Not enough data

  • False

Explanation

Question 8 of 50

1

Standardized management tools & techniques are key factors for project success

Select one of the following:

  • True

  • Not enough data

  • False

Explanation

Question 9 of 50

1

What are the 4 stages of team development?

Select one of the following:

  • Forming, Storming, Norming, Performing

  • Enthusiasm, Hope, Panic, Solution

  • Assignment, Kickoff, Training, Communicating

  • Direction, Motivation, Cooperation, Collaboration

Explanation

Question 10 of 50

1

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?

Select one of the following:

  • CV: +120,000; SV: +100,000

  • CV: +100,000; SV: +120,000

  • CV: -100,000; SV: -120,000

  • CV: -120,000; SV: -100,000

Explanation

Question 11 of 50

1

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

Select one of the following:

  • The formal authorization to apply organizational resources to project activities

  • Work package descriptions

  • The business need that the project was undertaken to address

  • The product description or a reference to this document

Explanation

Question 12 of 50

1

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

Select one of the following:

  • Risk planning meetings

  • Documentation reviews

  • Data precision rankings

  • Diagramming techniques

Explanation

Question 13 of 50

1

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

Select one of the following:

  • Proposals

  • Evaluation criteria

  • Contract negotiation

  • Contract

Explanation

Question 14 of 50

1

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

Select one of the following:

  • Working staff

  • Materials

  • Equipment

  • Time and money

Explanation

Question 15 of 50

1

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

Select one of the following:

  • The project is on schedule but costs exceed budget

  • The project is on schedule and on budget

  • The project is behind schedule but on budget

  • Then project is behind schedule and costs exceed budget

Explanation

Question 16 of 50

1

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

Select one of the following:

  • Creating contingency reserves in money and time

  • Developing a plan to minimize potential impact

  • Developing a plan to minimize probability

  • All the above

  • None of the above

Explanation

Question 17 of 50

1

Project costs are over budget when:

Select one of the following:

  • CPI > 1

  • CPI < 1

  • CPI = 0

  • SPI = 1

Explanation

Question 18 of 50

1

Project costs are under budget when:

Select one of the following:

  • CPI > 1

  • CPI < 1

  • CPI = 0

  • SPI = 1

Explanation

Question 19 of 50

1

Which of the following statements is not true?

Select one of the following:

  • Cultural differences are a resource to be fully utilized

  • There is a common ground for people from different cultures on which they can interact without unsolvable conflicts

  • Cultural differences will always be an obstacle to be overcome

  • Culture is a critical lever for competitive advantage

  • All of the above

  • None of the above

Explanation

Question 20 of 50

1

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?

Select one of the following:

  • Try to obtain additional budget and time

  • Improve team communication and availability of high quality data on risks. Use this information to enable you to make well-founded decisions earlier

  • The problem might be the customer disturbing project rhythm. Keep him on distance from the team

  • Apply fast tracking to shorten project duration without additional work

Explanation

Question 21 of 50

1

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

Select one of the following:

  • The performing organization is a weak matrix

  • The performing organization is doing "management by projects"

  • The performing organization is a strong matrix

  • The performing organization is project based

Explanation

Question 22 of 50

1

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

Select one of the following:

  • There is no one "best way" for project organization

  • Some cultures have values, some not

  • Cultural dilemmas should be denied to not allow them to disrupt project work

  • Communicating across cultures should only be done using language. The nonverbal dimension bears too many risks

Explanation

Question 23 of 50

1

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?

Select one of the following:

  • Concurrent engineering

  • Resource over-allocation

  • Resource pooling

  • Program management

Explanation

Question 24 of 50

1

What are SMART objectives?

Select one of the following:

  • Objectives specified with far more detail than necessary for a successful project

  • Easily achievable objectives

  • Objectives that should be achieved in order to attain formal recognition

  • Objectives that have specific, measurable, assignable, realistic, and time related specifications

Explanation

Question 25 of 50

1

Which is true regarding projects?

Select one of the following:

  • A project is a unique service undertaken to create a temporary product

  • A project is a unique endeavor undertaken to create a temporary service

  • A project is a temporary endeavor undertaken to create a unique product or service

  • A project is a temporary product undertaken to create a unique endeavor or service

Explanation

Question 26 of 50

1

In making an investment in a project, investors require

Select one of the following:

  • The direct benefits from the project to be less than the investment in the project

  • The direct benefits from the project to be equal to the investment in the project

  • The direct benefits from the project to be more than the investment in the project

  • The sum of the direct and indirect benefits from the project to be more than the investment in the project

Explanation

Question 27 of 50

1

Ongoing project planning is also known as ________.

Select one of the following:

  • Rolling wave planning

  • Buildup planning

  • Activity planning

  • Project processes

Explanation

Question 28 of 50

1

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

Select one of the following:

  • Case project study

  • Feasibility study

  • Matrix study

  • Demand study

Explanation

Question 29 of 50

1

[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?

Select one of the following:

  • Variable cost

  • Direct cost

  • Fixed cost

  • Indirect cost

Explanation

Question 30 of 50

1

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

Select one of the following:

  • Variable cost

  • Direct cost

  • Fixed cost

  • Indirect cost

Explanation

Question 31 of 50

1

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

Select one of the following:

  • Variable cost

  • Direct cost

  • Fixed cost

  • Indirect cost

Explanation

Question 32 of 50

1

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

Select one of the following:

  • Variable cost

  • Direct cost

  • Fixed cost

  • Indirect cost

Explanation

Question 33 of 50

1

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

Select one of the following:

  • Variable cost

  • Direct cost

  • Fixed cost

  • Indirect cost

Explanation

Question 34 of 50

1

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

Select one of the following:

  • Variable cost

  • Direct cost

  • Fixed cost

  • Indirect cost

Explanation

Question 35 of 50

1

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

Select one of the following:

  • Variable cost

  • Direct cost

  • Fixed cost

  • Indirect cost

Explanation

Question 36 of 50

1

The most crucial time for project risk assessment is:

Select one of the following:

  • When a problem surfaces

  • During the planning phase

  • During the close-out phase

  • After the project schedule has been published

Explanation

Question 37 of 50

1

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

Select one of the following:

  • Lack of team synergy

  • The project no longer meets the company's objectives

  • The resources are not available to complete project activities

  • Project funding has been significantly reduced

Explanation

Question 38 of 50

1

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

Select one of the following:

  • Create a contingency plan

  • Create a risk management plan

  • Create a WBS

  • Create a scope statement

Explanation

Question 39 of 50

1

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

Select one of the following:

  • Weak Matrix organization

  • Balanced Matrix organization

  • Projectized organization

  • Strong Matrix organization

Explanation

Question 40 of 50

1

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

Select one of the following:

  • Planning, Initiating, Executing, Closing

  • Initiating, Planning, Closing, Executing

  • Initiating, Executing, Planning, Closing

  • Initiating, Planning, Executing, Closing

Explanation

Question 41 of 50

1

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

Select one of the following:

  • Initiating

  • Executing

  • Planning

  • Closing

Explanation

Question 42 of 50

1

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

Select one of the following:

  • Social needs

  • Safety

  • Motivation

  • Self-actualization

Explanation

Question 43 of 50

1

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

Select one of the following:

  • Functional Manager, because you have good understanding functional knowledge of the pharmaceutical industry

  • Project Manager, because you are creating a unique product within specific time schedules

  • Operations Manager, because you have to do several repetitive tasks

  • Program Manager, because you have to manage several sub-projects to effectively do your job

Explanation

Question 44 of 50

1

Which of the following is not true about a project?

Select one of the following:

  • Constrained by limited resources and time

  • Planned, executed and controlled

  • Creates a unique product or service

  • May be ongoing and repetitive

Explanation

Question 45 of 50

1

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:

Select one of the following:

  • Functional Manager

  • Operations Manager

  • Project Manager

  • Senior Project Manager

  • Program Manager

  • Portfolio Manager

Explanation

Question 46 of 50

1

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?

Select one of the following:

  • Go ahead with the project

  • Abandon the project

  • Revise the project cost

  • None of the above

Explanation

Question 47 of 50

1

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.

Select one of the following:

  • The kick-off meeting is secondary, you are happy if the team members will do their jobs.

  • You should insist on the presence of the team members to the appointed date.

  • If you force team members’ presence, they would anyway be distracted by their current problems.

  • It is probably a good idea to reschedule the meeting to a day, when all team members can attend.

Explanation

Question 48 of 50

1

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?

Select one of the following:

  • Reduce the project scope/goal

  • Develop a training plan

  • Revise project plan and increase execution time

  • Increase employees monitoring

  • Develop intensive motivation plans for the staff.

Explanation

Question 49 of 50

1

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?

Select one of the following:

  • The project is ahead of schedule and over budget.

  • The project is ahead of schedule and under budget.

  • The project is behind schedule and over budget.

  • The project is behind schedule and under budget.

Explanation

Question 50 of 50

1

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?

Select one of the following:

  • The project is ahead of schedule and over budget.

  • The project is ahead of schedule and under budget.

  • The project is behind schedule and over budget.

  • The project is behind schedule and under budget.

Explanation

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