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Project Final Exam

This document appears to be a final exam for a project management course. It includes multiple choice questions and true/false questions about key project management concepts like quality management, cash flow analysis, and organizational structures. It also includes an essay question about the benefits of a project charter and what phase it would be prepared in. The final essay question asks about risk planning, identification, probability/effect, and response strategy.

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Debebe Daniel
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132 views

Project Final Exam

This document appears to be a final exam for a project management course. It includes multiple choice questions and true/false questions about key project management concepts like quality management, cash flow analysis, and organizational structures. It also includes an essay question about the benefits of a project charter and what phase it would be prepared in. The final essay question asks about risk planning, identification, probability/effect, and response strategy.

Uploaded by

Debebe Daniel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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World bright college, college of Business and economics Department of Business management,

Project management course Final exam. Time allowed 60 Minutes, Degree Program

Name ____________________ ID_________________

Part I. Say True if the statement is correct and false if the statement is Incorrect

1. Modern quality management does not require customer satisfaction but prefers prevention to
inspection?
2. Quality control involves monitoring specific project results to ensure that they comply with
the relevant quality standards while identifying ways to improve overall quality?
3. Cash flow analysis is a method for determining the estimated annual costs and benefits for a
project and the resulting annual cash flow?
4. Many information technology projects, that have cost overruns, involve new technology or
business processes?

5. Project managers have the highest level of authority and the most power in which type of
organizational structure?

a) Projectized
b) Strong Matrix
c) Functional
d) Balanced Matrix

Part II. Multiple choice

6. What is one of the most important skills a project manager can have?

a) Negotiation skills
b) influencing skills
c) Communication skills
d) Problem Solving skills

7. Which of the following contracts should you use for projects that have a degree of uncertainty
and require a large investment early in the project life cycle?

a) Fixed Price
b) Cost Reimbursable
c) lump Sum
d) Unit Price
8. A Project manager would find team development the most difficult in which form of
organization?

a) Weak Matrix Organization


b) Balanced Matrix Organization
c) Projectized Organization
d) Tight Matrix Organization

9. A narrative description of products or services to be supplied under contract is called?

a) The project plan


b) A statement of work
c) An exception report
d) Pareto analysis

10. All of the following are contract types except:

a) Unit Price
b) Make or Buy
c) Cost Reimbursable
d) lump Sum

11. Which type of leadership is best suited for optimizing team performance in projects?

a) Democratic leadership
b) Participative leadership
c) Autocratic leadership
d) Authoritative leadership

12. What are the 4 stages of team development?

a) Forming, Storming, Norming, Performing


b) Enthusiasm, Hope, Panic, Solution
c) Forming, Solutioning, Normalizing, Communicating
d) Direction, Motivation, Cooperation, Collaboration

13. Your IT Company is responsible for making software virus programs. You are responsible
for managing both individual product releases and co-ordination of multiple released over time.
Your role is that of a :

a) Project Manager
b) Program Manager
c) Functional Manager
d) Operations Manager

14. Which of the following is not a feature of a project?

a) Constrained by limited resources


b) Planned , executed and controlled
c) Creates unique product or service
d) May be ongoing and repetitive

15. The scope of the work is defined in which phase of the project management?
A) Initiating
B) Planning
C) Executing
D) Closing
16. How the project work will be carried out, monitored, and controlled? These questions are
answered in which phase of the project management?
A) Initiating
B) Planning
C) Executing
D) Closing

Essay III

17. Assume you have prepared project charter for the project proposal you submitted for the
fulfillment of this course on which you will be serving as a manager. Then, what do you think
are the benefits that you will nurture from project charter as a project manager. Discuss the
project phase when project charter is expected to be prepared and authorized as a legal project
management document by relating it with the project proposal you submitted for the fulfillment
of this course (5 Marks)

18. What is Risk Planning? Describe Risk identification, Risk Probability& effect,
and Risk Response strategy?

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