1. The operation of an automobile production line that produces 400 autos every day. Which of the following can be considered a project? An outpatient clinic that processes over one hundred blood...




1.


The operation of an automobile production line that produces 400 autos every day.




Which of the following can be considered a project?



An outpatient clinic that processes over one hundred blood samples every week.



Yearly changeover at an automobile manufacturing plant from one model year to the next.



All of the above





2.



A project to design a new smart phone has been approved. Its objective is to help insurance company customers select the best insurance policy for their needs. Stakeholders in the project would include which of the following?



Insurance Salespeople



Marketing manager at the insurance company



Top management at an insurance company



All of the above





3.



A continuous process is no different from a project.



True



False





4.



Because projects are considered temporary they do not necessarily have a clear beginning and end.



True



False





5.



A project can deliver a _______________________ .



product



service



report



All of the above





6.



A business case, sometimes called a problem statement, is not a required part of a project plan since it must be presented before the project is even considered.



True



False





7.



Which of the following is not considered part of a project plan?



Requirements planning



Team selection



Scheduling



All of the above are required





8.



The requirements gathering process is best undertaken by top management since they are the ones who best understand a project's needs.



True



False





9.



Which of the following defines the functions and features that a project plan must deliver?



Primary function plan



Risk breakdown structure



Schedule



None of the above





10.



The boundaries associated with a project are defined in the __________________ .



Scope statement



Metrics plan



Stakeholder plan



Resource requirements plan





11.



Which of the following terms is used to describe a result that must be achieved at the completion of steps, a phase or a complete project?



Product



Outcome



Deliverable



Service





12.



A ______________ is a deliverable-oriented hierarchical chart that decomposes the work that needs to be accomplished?



Work Breakdown Structure



Scope Diagram



Risk Breakdown Structure



Requirements Structure





13.



Which of the following is true about a Work Breakdown Structure.



The smallest most manageable contents of a project are shown at the top of the WBS.



Work is decomposed into manageable work packages with sufficient detail to facilitate the assignment, monitoring and control of work.



There are seldom more that than two levels in the WBS.



The scope expressed in the WBS will always be greater than the scope expressed in requirements analysis.





14.



In a Work Breakdown Structure the deliverable to the client or customer is found at the bottom of the inverted tree.



True



False





15.



In a WBS, a task in the inverted tree is deliverable to it next highest level.



True



False





16.



The tasks or work packages in the WBS should not require either time or the expenditure of funds.



True



False





17.



It is not necessary to manage the scope of a project as long as a scope statement has been approved by top management and agreed upon by the project manager at the project planning stage.



True



False





18.



Which of the following represents a common coding scheme for a WBS?



A,B,C,D ....



1.1, 1.11,1.111, ...



A1, A2, A3, ...



1/22, 1/22, 1/23, ...





19.



IF the tasks in a WBS do not include the tasks implied by the scope statement, then the WBS is not complete.



True



False





20.



At a particular date in the schedule, Planned value is 400,000 and Earned value is 300,000. The Schedule Variance in dollars is _____________ .



100000



-100000



400000



300000





21.



A WBS is a schedule.



True



False





22.



The work flow in a project network diagram is from right to left.



True



False





23.



Every activity on a project network diagram must have a unique identification code or number.



True



False





24.



If an activity takes 2 weeks and has a latest finish time of 10 weeks then the Latest it can start is week _________ .



12



8



0



Not enough information given.





25.



If you know that an activity on the critical path has a latest finish time of 12 weeks and the activity takes 5 weeks to complete, then the earliest finish time is ________ weeks



12



7



19



Not enough information given





26.



Activity H will take 11 weeks to complete. It has 2 predecessors, activities F and G. The earliest that F can be completed is week 15 while the earliest that G can be completed is week 10. When is the earliest activity H can be completed?



25



26



30



None of the above



27.



A critical path within a project network is defined by that path that has the greatest slack times for each of the activities.



True



False





28.



In a project network, slack associated with an activity can be calculated by subtracting the latest the activity can finish from the latest it can be started.



True



False





29.



When a client requires that a project must be outlined in a specific way, this is an example of a project ______________ .



statement



constraint



requirements



necessity



30.



An activity in a project network can begin only after all of its predecessors have been completed.



True



False





31.



How many predecessor activities are allowed for a given activity?



None



One



Greater than one but less than three.



There is no limit.





32.



Because on-time completion of a project is so important, monitoring usually focuses only on the project schedule.



True



False





33.



Schedule Variance in dollars is the difference between what was planned to be spent (Planned Value) at a specific point in the schedule and what was actually earned (Earned Value) for that period.



True



False





34.



A world-wide effort to eradicate an Ebola virus outbreak would best be described as a _____________________ .



continuous process



project



targeted process



sub-project





35.



Two major classifications of project organization are ______________ and _______________ .



traditional, contemporary



agile, ad-hoc



Ad-hoc, contemporary



traditional, agile





36.



Which of the following would be responsible for the centralized and coordinated efforts of all projects in the organizations.



Project Management Office



Stakeholder Board



Chief Information officer



Project Management Committee





37.



The project sponsor is responsible for approving the project budget.



True



False





38.



A project is in its 17th week and has just completed activity H. The total costs to complete the project through activity H was budgeted as $47,600. According to the project plan, activity H was to be completed by week 18. The actual costs incurred to complete the project through activity H was $52,100. Which of the following statements is true?



The project is over budget but within the time schedule.



The project is over budget and taking longer than specified on the schedule.



The project is on budget and on schedule.



There is not enough information to determine if the project is on schedule.



39.



A project is in its 17th week and has just completed activity H. The total costs to complete the project through activity H was budgeted as $47,600. According to the project plan, activity H was to be completed by week 18. The actual costs incurred to complete the project through activity H was $52,100. Which of the following tools should be used to help determine whether or not the project is on schedule and within budget?



Project Scope Chart



Work Breakdown Structure



Project Network Diagram



Earned Value method



40.



Which of the following steps is most helpful in creating an effective project schedule?



Monitoring plan



Work Breakdown Structure



Risk Breakdown Structure



Earned Value Method





41.



The only project dimension that cannot be quantified is quality.



True



False





42.



The Earned Value Method is an important management tool and is used primarily in which of the following Process Groups.



Initiating



Planning



Executing



Monitoring and Control





43.



During the planning process, Surveys should not be used when it is necessary to collect data from many individuals.



True



False





44.



"Begin Data Collection" is not an appropriate way to define a task in a WBS.



True



False





45.



A formal Monitoring and Control plan needs to be created only when it becomes clear that the project is likely to encounter problems in meeting its schedule and budget obligations.



True



False





46.



A company is organized in such a way that project teams include members that report directly to their functional area managers (marketing, operations etc.) and not to a project manager. This form of project organization is referred to as a ______________ .



Interdisciplinary



Projectized



Traditional



Functional





47.



One of the advantages of a Projectized form of business organization is that team members are more likely to focus on the _______________________________.



functional areas needs of the business such as marketing or supply chain management.



cost of executing project activities



needs of clients



guidance offered by top management





48.



When a project team member reports to both a functional manager and a project manager, this form of organization is referred to as a ________________ organization.



Matrix



Projectized



Functional



Traditional





49.



The ___________________ is most likely to be positioned at the highest level in the organization, often located at corporate headquarters, and responsible for identifying, and prioritizing project ideas.



Project Management Office (PMO)



Program Office (PO)



Project Steering Office (PSO)



Stakeholder Advisory Office (SAO)





50.



Which of the following statements is true about the Project Steering Committee?



A group responsible for identifying and prioritizing strategic projects.



A group of independent advisers who are capable of monitoring a project and determining what needs to be done to achieve that project's goals and objectives.



A group of top level executives whose primary function is to cancel projects that fail to meet objectives.



A group of stakeholders whose responsibility it is to arrange initial financing.





51.



The traditional approach in project management is also referred to as the _________________ approach.



Agile



Extreme



Scrum



Waterfall





52.



The project schedule is primarily used to determine all of the following except _______________ .



cost estimates



activity start times



activity end dates



slack times



activity end dates





53.



Project managers have the highest level of authority and the most power in the _________ organizational structure



projectized



matrix



functional



traditional





54.



Which of the following best describes the activities that occur during the "Executing" phase of a project?



Project plans are put into action.



Project performance measures are compared with expected performance



Project plans are developed



Projects receive approval from the executive branch of the organization.





55.



The beta distribution (also called the three point method) is useful when estimating activity completion times because it requires three estimates rather than one. It is particularly useful because it forces the person making these estimates to think about the worst-case, most likely and best-case scenarios.



True



False





56.



You are involved in estimating the time it will take to implement a new software package. You have learned that the most likely time will be 60 days. The pessimistic or longest it should take would be 72 days. If everything goes well the shortest possible time is 48 days. What is the weighed average or expected time using the beta (also called three-point method) distribution?



30



54



60



66





57.



A planning process that identifies the threats to a project and has as its objective the reduction in the probability of these threats is called _________________ .



Scope Control



Schedule Decomposition



Control Enhancement



Risk Mitigation





58.



If an activity takes 21 weeks and the earliest it can start is week 41, when is the latest it can start if it is on the critical path.



Week 41



Week 52



Week 62



Not enough information given.





59.



The Project Management Institute (PMI) defines the __________________ as a collection of proven practices that are widely applied by professionals to practice the profession of Project management



Project Management Skill Set (PMSS)



Project Methodology Framework (PMF)



Project Management Body of Knowledge (PMBOK)



Work Breakdown Process (WBP)





60.



Product and project life-cycles are almost always the same.



True



False





61.



Project scope is very difficult to determine during the early stages of an extreme project.



True



False





62.



A _____________ displays scheduled activities along a time line. The length of the bar is based on the length of time the activity will take



Gantt chart



Schedule Bar Chart



Histogram



Activity chart





63.



The process of compressing a schedule to shorten the total project schedule is called ___________. One example of a strategy to accomplish this goal is the assignment of additional human resources to the project.



Crashing



Variance Minimization



Containment



Expediting





64.



A scheduled activity on the critical path is referred to as a _____________ activity.



critical



slack



constraint



essential





65.



_____________ is the term used to describe the criteria including performance requirements and essential conditions that must be met before project deliverables are accepted by the client.



objectives



acceptance criteria



contract deliverables



strategic goals





66.



A ______________ is one of two terms used to describe an intermediate-level deliverable that is specified at the end of each branch in the WBS.



outcome



final deliverable



work package



assigned step





67.



A ___________ activity is one that follows a predecessor activity.



post predecessor



successor



follow-on



subsequent





68.



Large projects are often broken down into _________ projects for the purpose of making the project more manageable.



mini



sub



related



hierarchical





69.



A Scope Management Plan is contained in or is a part of the ____________ .



Project Charter



WBS



Project Schedule



Risk Breakdown Structure





70.



A ___________________ formally authorizes a project or a phase of the project and documents requirements and stakeholder needs and expectations.



Initiation document



Stakeholder's Agreement



Project Statement



Project Charter





71.



When a project is divided into phases or sub-projects, each one of the phases or sub-projects will involve the five process groups.



True



False





72.



The highest costs associated with a project normally occur during the _________ phase of the project.



initiation



planning



executing



closing





73.



The cost of making changes to a project deliverable is lowest at the end of a project and highest at the beginning of the project.



True



False





74.



When the execution of a project is shared across several organizations this is an example of ___________________ .



Risk Leveling



transferring the risk



avoiding the risk



distributing the risk





75.



A project network has been completed including the Early Start, Early Finish, Late Start and Late Finish times for all activities. The critical path has been identified. If there are no constraints as to when the project must be completed, the critical activities on the critical path will have _______ slack.



zero



zero or negative



negative



not enough information given




Dec 04, 2021
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