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 Questions

 

1. The factors that are responsible for the creation of a project are all but

    1. A. Market demand

    2. B. Customer request

    3. C. Business Risk factors

    4. D.Technological advance

    1. 2 .The other names for Phase review are

    2. A. Phase exits

    3. B. Stage gates

    4. C. Project review

    5. D. Both A & B


    6. 3.You and your team have just completed a project for your client. Now you want to measure the success of a Project. How will you measure it?

    7. A. By the number of defects detected

    8. B. By the number of defects corrected

    9. C. By the Project and Product quality

    10. D. By the low risk factors


    11. 4.What is called a set of interrelated actions & activities performed to achieve a pre-specified product, result or service?

    12. A. Project plan

    13. B. Project processes

    14. C. Project activity sequencing

    15. D. None of the above


    16. 5.What should be performed before moving on to the next phase of a project?

    17. A. Project configuration

    18. B. Project acceptance

    19. C. Scope verification

    20. D. Scope sign-off


    21. 6.When is the PM given authority to apply organizational resources to project activities?

    22. A. During the contract phase

    23. B. As part of initiating process group

    24. C. As part of project acquisition

    25. D. During the project planning phase


    26. 7.During which process group, the Project management plan is created?

    27. A. During the planning process group

    28. B. During the initiation process group

    29. C. During the project execution group

    30. D. During the project charter creation


    31. 8.A PM want to classify the stakeholders based on their level of authority and concern. Which classification is this?

    32. A. Power/influence grid

    33. B. Power/interest grid

    34. C. Influence/impact grid

    35. D. Salience model


    36. 9.Who is the receiver in a communication model?

    37. A. The Project manager

    38. B. The Project stakeholders

    39. C. One who decodes the received information

    40. D. The project management team


    41. 10.Which is not a key component of communication model?

    42. A. Encode

    43. B. Receiver

    44. C. Decode

    45. D. Medium


    46. 11.Your organization bid for 2 projects A and B, and after carefully analyzing the various costs involved in these 2 projects, project B was selected over project A. Which cost is involved here?

    47. A. Direct cost

    48. B. Opportunity cost

    49. C. Indirect cost

    50. D. Sunk cost


    51. 12.Which estimation technique uses mathematical formulas to predict how loan an activity will take based on historical records from previous projects?

    52. A. Parametric estimation

    53. B. Bottom-up estimation

    54. C. Three-point estimation

    55. D. Both A and B


    56. 13.What is defined as the quality of being adequately or well qualified physically and intellectually to complete project activities according to PMBOK?

    57. A. Knowledge

    58. B. Competency

    59. C. Project skill

    60. D. Know-how


    61. 14.What is the estimated time period, a Project manager spends on communication?

    62. A. 90%

    63. B. Less than 70%

    64. C. Not more than 80%

    65. D. Depends on Project to project


    66. 15.Who manages the projects in a weak matrix type organization?

    67. A. The Project Manager

    68. B. Project coordinator or Project expeditor

    69. C. Functional manager

    70. D. Both A and B


    71. 16.Who normally issues a Project charter?

    72. A. A project initiator/sponsor external to the organization

    73. B. The Project manager during the initiation phase

    74. C. Senior project team

    75. D. Issues jointly by A and C


    76. 17.Which is not included in the Project Baseline?

    77. A. Schedule baseline

    78. B. Cost performance baseline

    79. C. Scope baseline

    80. D. Quality baseline


    81. 18.In which knowledge area, Expert Judgment is a tool and technique in all the processes?

    82. A. Project cost management

    83. B. Project Integration management

    84. C. Project Quality management

    85. D. Both A and B


    86. 19.Which phase to phase relationship is an example of fast tracking?

    87. A. Overlapping relationship

    88. B. Iterative relationship

    89. C. Sequential relationship

    90. D. None


    91. 20.In which type of contract, buyer and seller share the cost on a pre-negotiated sharing formula?

    92. A. Cost plus incentive fee (CPIF)

    93. B. Cost plus fixed fee (CPFF)

    94. C. Cost plus award fee (CPAF)

    95. D. Fixed price plus economic price adjustment (FPEPA)


    96. 21.What is the name of the document given by the seller where the technical skill or the approach is the deciding factor?

    97. A. Bid

    98. B. Proposal

    99. C. Tender

    100. D. Quotation


    101. 22.Your customer has communicated the cost on liabilities, warranty, business loss etc. What are these costs called?

    102. A. Internal failure costs

    103. B. Appraisal costs

    104. C. External failure costs

    105. D. Prevention costs


    106. 23.Which among the below is not an example of Quality metrics?

    107. A. Defect density

    108. B. Failure rate

    109. C. Test coverage

    110. D. Quality checklist


    111. 24.When does risk(s) manifest in a project?

    112. A. During the project execution phase

    113. B. The moment project is conceived

    114. C. When the project complications are more

    115. D. During the fast tracking of the project


    116. 25.Identify the risk involved in fire accidents, bad weather, and criminal activities.

    117. A. Pure risks

    118. B. Unknown risks

    119. C. Direct risks

    120. D. Business risks


    121. 26.You as a Project Manager wanted to crash your project in order to meet the deadline. What should you consider while crashing a project?

    122. A. Crash the tasks which are on the critical path

    123. B. Crash the tasks which are cheapest

    124. C. Crash the tasks which involves costly resources

    125. D.  Both A and B


    126. 27.The earned value management data for your project is given below. What will be your ETC and EAC?


      BAC = 200, EV = 40, PV = 70, AC = 80?

    127. A.  EAC = 400, ETC = 300

    128. B. . EAC = 320, ETC = 320

    129. C. EAC = 300, ETC = 183

    130. D. EAC = 400, ETC = 320


    131. 28.What is the value of 3 sigma?

    132. A. 99.99

    133. B. 99.73

    134. C. 99.95

    135. D. 95.46



      29.A Project manager wants to monitor the performance measure of a process over a period of time. Which chart is useful for this purpose?

    136. A. Bar chart

    137. B. Pareto chart

    138. C. Run chart

    139. D. Control chart


    140. 30.You are in the middle of a new project development for your company when you discover that the previous project manager made a $300,000 payment that was not approved in accordance with your company policies. Luckily, the project CPI is 1.2. What should you do?

    141. A. Contact your manager

    142. B. Put the payment in an escrow account

    143. C. Bury the cost in the largest cost center available

    144. D. Ignore the Payment


    145. 31.Which contract is intended to protect both buyer and seller from external conditions beyond their control such as inflation, cost increase or decrease etc?

    146. A. Cost plus incentive fee (CPIF)

    147. B. Cost plus fixed fee (CPFF)

    148. C. Fixed price with Economic Price Adjustment (FP-EPA)

    149. D. Cost plus award fee (CPAF)


    150. 32.Which 2 processes fall under the Initiating process group according to PMBOK?

    151. A. Develop Project charter and Develop Project Management plan

    152. B. Develop Project charter and Identify stakeholders

    153. C. Identify stakeholders and Administer Procurements

    154. D. Plan Procurements and Develop Project Charter


    155. 33.You’ve just concluded the risk identification for your project. What is the next activity should you perform?

    156. A. Prioritize the risks for further analysis or action

    157. B. Numerically analyze the effect of identified risks

    158. C. Plan risk responses

    159. D. Take action to control the risks


    160. 34.Which conflict resolution is the best one according to PMBOK?

    161. A. Compromising

    162. B. Withdrawing

    163. C. Collaborating

    164. D. Confronting


    165. 35.You’ve been asked you to set aside 5% of the total project cost for dealing with risks. What is this termed as?

    166. A. Indirect costs

    167. B. Management contingency reserves

    168. C. Reserve analysis

    169. D. Both B and C


  2. Check your Answers