Project Management Study Material with Solved Assignments and Essays - Desklib

PROJECT MANAGEMENT
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Table of Contents
PART 1............................................................................................................................................3
PART 2..........................................................................................................................................10
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PART 1
1. Which of the following can be included in scoring models for selecting projects?
a) potential profitability of the project
b) potential impact on the firm’s competitive position
c) the organization’s ability to market the output of a project
d) All of the above can be included
e) only a and b above
1. d) All of the above can be included
2. If the initial investment in a project is $100,000 and the expected annual net profit for the
project is $20,000, the payback period is:
a) 5 years
b) 4 years
c) One fifth of a year
d) 10 years
e) insufficient information to determine the payback period
2. a) 5 years
3. Which of the following is NOT a characteristic of a project?
a) They are unique.
b) They are routine.
c) They have specific due date.
d) They have a specific deliverable.
e) They have a purpose.
3. b) They are routine
4. The project manager is responsible to:
a) the parent organization
b) the project team
c) the project’s client
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d) the project manager’s immediate supervisor
e) all of the above
4. e) all of the above
5. What is the primary purpose of creating a work breakdown structure?
a) to draw the project plan as a chart or tree
b) to make sure important tasks aren’t overlooked
c) so that all team members can see what others are working on
d) to assign budget numbers to tasks
e) to identify important precedence relationships
5. a) to draw the project plan as a chart or tree
6. Which of the following is used to show linkages between people and tasks?
a) the Work Breakdown Structure
b) the RACI Matrix
c) the Project Action Plan
d) the Project Resource Diagram
e) the Concurrent Engineering Chart
6. d) the Project Resource Diagram
7. Which of the following is NOT a sub-process associated with risk management?
a) risk identification
b) risk measurement
c) qualitative risk analysis
d) quantitative risk analysis
e) risk response planning
7. d) quantitative risk analysis
8. Which of the following is NOT true regarding top-down budgeting?
a) It is based on the collective judgments of top and middle managers.
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b) Overall project costs are estimated by top and middle managers and then passed
on
c) to the next lower level.
d) The overall budget cost is generally not very accurate.
e) Overlooking small but important tasks can lead to a serious budgetary problem.
f) All of the above are true concerning top-down budgeting.
8. f) All of the above are true concerning top-down budgeting
9. Which of the following is NOT an element of the Gantt chart?
a) actual progress
b) variance of the critical path
c) the current date
d) scheduled milestones
e) all of the above are elements
9. e) all of the above are elements
10. Which of the following is typically used as the best estimate of task duration?
a) expected time
b) pessimistic time
c) optimistic time
d) most likely time
e) none of the above
Ans. 10) b) pessimistic time
11. In MS Project, in order to set a deadline for a particular task, which of the following is the
proper sequence from the Task Information dialog box?
a) General > Percent Complete
b) Resources > Assignment Owner
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c) Advanced tab > Calendar
d) Advanced tab > Deadline
11. d) Advanced tab > Deadline
12. Why is it necessary to consider the learning curve of resources on a project?
a) to estimate labor costs properly
b) to improve project team morale
c) because it always takes less time to do a task after someone has done it a few times
d) collective bargaining contracts require it
e) All of the above
12. a) to estimate labor costs properly
13. The name given to the budget process that aggregates income and expenditures across
projects is:
a) activity-oriented budget
b) top-down budget
c) bottom-up budget
d) program-oriented budget
e) activity-based costing
13. d) program-oriented budget
14. Which of the following linkages is used to start two or more activities at the same time?
a) finish-to-start
b) start-to-start
c) finish-to-finish
d) start-to-finish
e) They can all be used to start two or more activities at the same time
14. b) start-to-start
15. Altering the specifications of an ongoing project is referred to as
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