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Project Management Concept Test Questions #1

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Questions 1 - 50
Francisco Ari
Quiz by Francisco Ari, updated more than 1 year ago
Francisco Ari
Created by Francisco Ari about 6 years ago
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Question 1

Question
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:
Answer
  • Time
  • Cost
  • Scope
  • None of the dimensions

Question 2

Question
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:
Answer
  • Time
  • Cost
  • Scope
  • None of the dimensions

Question 3

Question
What is a time critical project?
Answer
  • 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?

Question 4

Question
One of a project manager’s main tasks is establishing sufficient project control through seeing to that:
Answer
  • Work is structured according to scope
  • Progress is evaluated and followed up
  • Risks are assessed
  • Scope is changed when deviations occur

Question 5

Question
One major reason for failure is:
Answer
  • 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

Question 6

Question
Utilities is one of the most project intensive industries
Answer
  • True
  • Not enough data
  • False

Question 7

Question
Healthcare Industry is one of the most project intensive industry areas
Answer
  • True
  • Not enough data
  • False

Question 8

Question
Standardized management tools & techniques are key factors for project success
Answer
  • True
  • Not enough data
  • False

Question 9

Question
What are the 4 stages of team development?
Answer
  • Forming, Storming, Norming, Performing
  • Enthusiasm, Hope, Panic, Solution
  • Assignment, Kickoff, Training, Communicating
  • Direction, Motivation, Cooperation, Collaboration

Question 10

Question
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?
Answer
  • CV: +120,000; SV: +100,000
  • CV: +100,000; SV: +120,000
  • CV: -100,000; SV: -120,000
  • CV: -120,000; SV: -100,000

Question 11

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

Question 12

Question
Which of the following Tools and Techniques is part of Risk Management Planning?
Answer
  • Risk planning meetings
  • Documentation reviews
  • Data precision rankings
  • Diagramming techniques

Question 13

Question
In the purchasing process, which of the following is the output of Source Selection?
Answer
  • Proposals
  • Evaluation criteria
  • Contract negotiation
  • Contract

Question 14

Question
Which of the following is not considered to be part of Project Resource Management?
Answer
  • Working staff
  • Materials
  • Equipment
  • Time and money

Question 15

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

Question 16

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

Question 17

Question
Project costs are over budget when:
Answer
  • CPI > 1
  • CPI < 1
  • CPI = 0
  • SPI = 1

Question 18

Question
Project costs are under budget when:
Answer
  • CPI > 1
  • CPI < 1
  • CPI = 0
  • SPI = 1

Question 19

Question
Which of the following statements is not true?
Answer
  • 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

Question 20

Question
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?
Answer
  • 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

Question 21

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

Question 22

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

Question 23

Question
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?
Answer
  • Concurrent engineering
  • Resource over-allocation
  • Resource pooling
  • Program management

Question 24

Question
What are SMART objectives?
Answer
  • 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

Question 25

Question
Which is true regarding projects?
Answer
  • 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

Question 26

Question
In making an investment in a project, investors require
Answer
  • 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

Question 27

Question
Ongoing project planning is also known as ________.
Answer
  • Rolling wave planning
  • Buildup planning
  • Activity planning
  • Project processes

Question 28

Question
A ______looks at determining if the project idea is a realistic project.
Answer
  • Case project study
  • Feasibility study
  • Matrix study
  • Demand study

Question 29

Question
[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?
Answer
  • Variable cost
  • Direct cost
  • Fixed cost
  • Indirect cost

Question 30

Question
[MULTI-PART QUESTION #2] The cost of renting the hall should be considered?
Answer
  • Variable cost
  • Direct cost
  • Fixed cost
  • Indirect cost

Question 31

Question
[MULTI-PART QUESTION #3] The cost of the trainer should be considered?
Answer
  • Variable cost
  • Direct cost
  • Fixed cost
  • Indirect cost

Question 32

Question
[MULTI-PART QUESTION #4] The cost of the advertisement and invitations for the training should be considered?
Answer
  • Variable cost
  • Direct cost
  • Fixed cost
  • Indirect cost

Question 33

Question
[MULTI-PART QUESTION #5] The cost of the food for the training should be considered?
Answer
  • Variable cost
  • Direct cost
  • Fixed cost
  • Indirect cost

Question 34

Question
[MULTI-PART QUESTION #6] Your salary for the time spent preparing for the training should be considered?
Answer
  • Variable cost
  • Direct cost
  • Fixed cost
  • Indirect cost

Question 35

Question
[MULTI-PART QUESTION #7] The cost of the travel expenses compensation for the employees should be considered?
Answer
  • Variable cost
  • Direct cost
  • Fixed cost
  • Indirect cost

Question 36

Question
The most crucial time for project risk assessment is:
Answer
  • When a problem surfaces
  • During the planning phase
  • During the close-out phase
  • After the project schedule has been published

Question 37

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

Question 38

Question
In Order to ensure that all work in the project is included, the PM should
Answer
  • Create a contingency plan
  • Create a risk management plan
  • Create a WBS
  • Create a scope statement

Question 39

Question
A project manager would find team development the most difficult in which form of organization?
Answer
  • Weak Matrix organization
  • Balanced Matrix organization
  • Projectized organization
  • Strong Matrix organization

Question 40

Question
Which of the following it the logical flow of any project?
Answer
  • Planning, Initiating, Executing, Closing
  • Initiating, Planning, Closing, Executing
  • Initiating, Executing, Planning, Closing
  • Initiating, Planning, Executing, Closing

Question 41

Question
In which phase of a project would you estimate activity duration and resources?
Answer
  • Initiating
  • Executing
  • Planning
  • Closing

Question 42

Question
Which of the following is not considered part of Maslow’s Hierarchy of Needs?
Answer
  • Social needs
  • Safety
  • Motivation
  • Self-actualization

Question 43

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

Question 44

Question
Which of the following is not true about a project?
Answer
  • Constrained by limited resources and time
  • Planned, executed and controlled
  • Creates a unique product or service
  • May be ongoing and repetitive

Question 45

Question
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:
Answer
  • Functional Manager
  • Operations Manager
  • Project Manager
  • Senior Project Manager
  • Program Manager
  • Portfolio Manager

Question 46

Question
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?
Answer
  • Go ahead with the project
  • Abandon the project
  • Revise the project cost
  • None of the above

Question 47

Question
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.
Answer
  • 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.

Question 48

Question
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?
Answer
  • 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.

Question 49

Question
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?
Answer
  • 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.

Question 50

Question
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?
Answer
  • 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.
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