Q-1. Why Projects Succeed:
a) Strong project management
b) Good decision making structure
c) Good communication
d) All of the above
Ans: All of the above
Q-2. Which is not a step in Project Identification:
a) Idea Generation
b) Preliminary Screening
c) Communication
d) Support Study
Ans: Idea Generation
Q-3. _____________is taking a first look carefully and critically at the project idea.
a) Project Formulation
b) Preliminary Screening
Ans: Project Formulation
Q-4. Projects are different from standard business operational activities as they:
a) Are unique in nature.
b) Have a defined timescale.
c) Have an approved budget.
d) All
Ans: All
Q- 5. Selection of Right __________which can produce a Right Quality product at Right Cost.
a) Technology
b) Person
Ans: Technology
Q- 6. Indirect costs are sometimes also referred to as_____________.
a) Lower Possible Direct Costs
b) Oversight Costs
Ans: Oversight Costs
Q-7. Project Appraisal is a detailed study of several aspects of a given project before recommending it.a) True
a) True
b) False
Ans: True
Q-8. The functional division contains the normal path of advancement for individuals whose expertise is in the functional area.
a) True
b) False
Ans: True
Q- 9. Pessimistic time is the shortest time that an activity would take to complete.
a) True
b) False
Ans: False
Q-10.______________is a business concept, which if turned into a tangible product or service, by the enterprise, will result into profit.
a) Opportunity
b) Threat
Ans: Opportunity
Q-11. If the probabilities of possible outcome of a given problem are known, we can conclude that the problem has an element of uncertainty, i.e. the outcome cannot be predicted.
a) True
b) False
Ans: False
Q-12. Direct costs are expenses that come out of the project budget_________.
a) Directly
b) Indirectly
Ans: Directly
Q-13. Project Monitoring and Control is the ________ process group in Project Management.
a) Fourth
b) Third
Ans: Fourth
Q- 14. Lack of realistic/ achievable objectives is a benefit in project formulation.
a) True
b) False
Ans: False
Q-15. __________drive the setting of deadlines for delivery of projects, and hence people's assessments of your reliability.
a) Time estimates
b) Work estimates
Ans: Time estimates
Q-16. The project network is the tool used for planning, scheduling, and monitoring project progress.
a) True
b) False
Ans: True
Q-17. If the project has to be completed ahead of the schedule, then the time required for at least one of the critical activity must be_________.
a) Increased
b) Reduced
Ans: Reduced
Q-18. Top Reason for Project termination
a) Expensive or does not meet company’s goal
b) Project gets out of control
c) Important or priority project comes up
d) All
Ans: All
Q-19. The ______________ is a measure of the conformance of the actual work completed (measured by its earned value) to the actual cost incurred.
a) Cost Performance Index (CPI)
b) Schedule Variance (SV)
Ans: Cost Performance Index(CPI)
Q-20. Termination by starvation involves greatly ______________ the budget of a project.
a) Reducing
b) Increasing
Ans: Reducing
Q-21. Indirect costs are those that are shared across multiple projects.
a) True
b) False
Ans: True
Q-22. Project financing is a loan structure that relies primarily on the project's cash flow for repayment, with the project's assets, rights, and interests held as secondary collateral.
a) True
b) False
Ans: True
Q-23. Pure project organizations are structurally simple and flexible, which makes them relatively easy to understand and implement and the __________tends to support a holistic approach to the project.
a) Payment Structure
b) Organizational Structure
Ans: Organization Structure
Q-24. Break-Even Analysis is a Point of ‘__________________’.
a) More Profit More Loss
b) No Profit No Loss
c) Less Profit Less Loss
Ans: No Profit No Loss
Q-25. Non-Industrial Projects are generally made by the Government for societal benefits.
a) True
b) False
Ans: True
Q-26. Project management is about:
a) Organization
b) decision making
c) changing people’s behavior
d) All
Ans: All
Q-27. Project Management Information System (PMIS) are system tools and techniques used in project management to deliver ____________.
a) Products
b) Information
Ans: Products
Q-28. The _______________is a project controlling procedure and is one of the key performance indicators of a project, like the cumulative flow diagram.
a) Earned Value Analysis (EVA)
b) Schedule Variance (SV)
Ans: Earned Value Analysis(EVA)
Q-29. -----------------------provides a scientific and quantitative base for the appraisal of projects with a view to determine whether the total social benefits of a project justify the total social costs.
a) Project Analysis
b) Social Cost Benefit Analysis
Ans: Social Cost Benefit Analysis
Q-30. Risk management at the time of project evaluation may be done as:
a) At the time of Project Evaluation
b) At the time of Project Implementation
c) Both
Ans: Both
Q-31. Market and Demand Analysis provide a detailed analysis of all market condition and helps in estimating future revenue from the project
a) True
b) False
Ans: True
Q-32. __________is used in such projects with a probabilistic method using three time estimates for an activity, rather than a single estimate.
a) CPM
b) PERT
Ans: PERT
Q-33. A __________is a type of bar chart that illustrates a project schedule.
a) Pie Chart
b) Gantt chart
Ans : Gantt Chart
Q-34. Analytical techniques are:
a) Regression Analysis
b) Grouping Methods
c) Casual Analysis
d) All
Ans: All
Q-35. Project termination (or close-out) is the ___________ stage of managing the project, and occurs after the implementation phase has ended.
a) First
b) Last
Ans: Last
Q-36. A project is a unique endeavor to produce a set of ________within clearly specified time, cost and quality constraints.
a) Deliverable's
b) Products
Ans: Deliverable's
Q-37. Risk is the possibility of outcome being different form the expected outcome.
a) True
b) False
Ans: True
Q-38. __________is imperative for you to keep your project on schedule and helps you complete on time.
a) Earned Value Analysis (EVA)
b) Schedule Variance (SV)
Ans: Schedule Variance (SV)
Q-39. A work breakdown structure (WBS) is prepared to determine the exact nature of the tasks required to complete the project.
a) True
b) False
Ans: True
Q-40. Technical aspect measures the effect of the project on the basis of__________.
a) Techniques
b) Money
Ans: Techniques
Q-41. PLC stand for ________________
Product life cycle
Project Life Cycle
Production Life Cycle
Ans: Project Life Cycle
Q-42. _____________is an inexact process in that it tries to predict the future (likelihood of time to be incurred).
a) Planning
b) Scheduling
Ans: Scheduling
Q-43. The ___________is a combination of functional and pure project.
a) Matrix Organization
b) Pure Organization
Ans: Matrix Organization
Q-44. _________is used to analyze the inter-relationships between the tasks identified by the work breakdown structure and to define the dependencies of each task.
a) CPM
b) PERT
Ans: PERT
Q-45. Responsibility Assignment Matrix (RAM) describes the participation by various organizations, people and roles in __________tasks or deliverables for a project.
a) Completing
b) Reducing
Ans: Completing
Q-46. ___________are those that have been incurred in a project, but have not produced value towards the project’s objectives.
a) Social Costs
b) Sunk Costs
Ans: Sunk Costs
Q-47. A project budget is the total projected costs needed to complete a project over a defined period of time.
a) True
b) False
Ans: True
Q-48 Crashing refers to a particular variety of project schedule compression which is performed for the purposes of decreasing total period of time (also known as the total project schedule duration).
a) True
b) False
Ans: True
Q-49. A milestone is a task with __________ duration.
a) Long
b) Zero
Ans: Zero
Q-50. How are technical employees motivated?
a) Recognition
b) Achievement
c) Responsibility
d) All
Ans:All
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