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Fundamentals of Project Management - MCQs

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0% found this document useful (0 votes)
147 views10 pages

Fundamentals of Project Management - MCQs

Uploaded by

santy121
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Module 1 – 28 Marks

1) Which of the following is the best description for a project?


a. Any task that needs to be completed on your list for the day
b. Activities that were assigned by management to be completed in your department
c. An effort to create something that has a limited time, budget and resources
d. Regular functional responsibilities that are continuous in nature

2) All of the following are considered special considerations for infrastructure projects EXCEPT:
a. Mega-project status
b. Project manager title
c. Size
d. Government financing

3) All of the following are project management advantages in an established firm EXCEPT:
a. Manufacturing
b. PMIS
c. Communication
d. Templates

4) According to the lecture, which is NOT a primary project management term?


a. Schedule
b. Operation
c. Resources
d. Limited

5) Which of the following would fail to fall under product improvement projects?
a. Event launch
b. Brand recognition
c. New market
d. Cost reduction

6) Which of the following is NOT one of the major types of projects outlined in the lecture?
a. Strategic
b. Operational
c. Organizational
d. Compliance

7) Which of the following is a characteristic of operations?


a. Uniform product
b. Higher risk
c. Limited budget
d. Schedule deadline

8) When comparing product types of projects, which is LEAST likely to appear?


a. Event
b. Report
c. Service
d. Result

9) Which of the following is NOT an infrastructure project as called out in the lectures?
a. Rail
b. Aviation
c. Computers
d. Water

10) Of the following, which is the MOST related to operations description?


a. Departmental component of responsibility that is due by a specific date for an upgrade.
b. Temporarily assigned resources that are dedicated until completion of a specific mission.
c. Primary purpose is to create a process that will be used in the future.
d. The ongoing maintenance of regular processes within an organization that make up the
primary revenue stream.

11) Which of the following is NOT likely a challenge faced in improvement products?
a. Brand continuity
b. Avoid interruption of service
c. Retraining
d. Past reliability

12) Which of the following is NOT a strategic management area affected by projects?
a. Accounting management
b. Horizon management
c. Stakeholder management
d. Goals and objectives

13) Technology induction projects include all of the following options EXCEPT:
a. PMIS access
b. Production automation
c. Existing website
d. Artificial intelligence

14) Which is NOT a challenge faced when introducing technology to projects?


a. Physical space
b. Faster delivery
c. Technical errors
d. Damage

15) Which of the following is rarely a project goal?


a. Decrease product offerings
b. Increase brand awareness
c. Decrease customer complaints
d. Increase reliability

16) Of the following, which is the LEAST relevant project function characteristic.
a. Support operations
b. Focused on one group
c. Involve all levels of organization
d. Unidirectional feedback

17) Which of the following is NOT a stage in the project life cycle?
a. Closing
b. Definition
c. Execution
d. Delivery

Module 2 – 28 Marks

1) Which of the following describe the work breakdown structure logic?

a. Hierarchical and logical


b. Portfolio to project
c. Deliverables and milestones
d. Project manager and team

2) Group consensus has all of the following as challenges EXCEPT

a. Wide variations in perception


b. Disagreements that do not get settled
c. Speed of results
d. Lower detailed estimates

3) Resources in the breakdown structure may include all of these EXCEPT:

a. Stakeholders
b. Supplies
c. People
d. Facilities
4) What has long been accepted as a good rule for the size of work packages?

a. 1 to 2 months
b. No more than 6 months
c. Completed in four weeks maximum
d. 8 to 80 hours

5) Typical cost breakdown structures use all of the following methods EXCEPT:

a. Functional department
b. Subassembly
c. Risk profile
d. Chronological

6) Which of the following is not an advantage of top down estimating?

a. May be based on history


b. Used for broad decisions
c. Higher precision
d. Fast

7) Which is NOT a typical breakdown method for resources?

a. Functional
b. Schedule
c. Sub-component
d. Risk category

8) The costs organized by WBS method include all of the following characteristics EXCEPT:

a. Used for detailed estimating


b. Focused on the product costs
c. May be sorted by categories or timeline
d. Work package structure allows for rollup

9) Which of the following is an example of analogous estimating?

a. Several variables were modified and iterative calculations come to an approximation


b. Four experts share their opinion and come to agreement on the overall budget and timing
c. Each project requires similar fund percentages, so the project is allocated to departments
d. The project manager looks at historical projects of similar type and size to approximate the
costs

10) Which of the following is NOT one of the cost and time estimating methods with a Top-down
approach

a. Group consensus
b. Add up work package estimates
c. Apportioned to function
d. Analogous
11) The apportioned method has all of the following as advantages EXCEPT:

a. Assumes projects and processes are uniform


b. Uses historical data for projects or tasks
c. Rapid adjustment of costs and price for functional organizations
d. Removes any tendency to favor one project over the other

12) Which of the following is an example of the apportioned method?

a. Several variables were modified and iterative calculations come to an approximation


b. Four experts share their opinion and come to agreement on the overall budget and timing
c. Each project requires similar fund percentages, so the project is allocated to departments
d. The project manager looks at historical projects of similar type and size to approximate the costs

13) Which of the following is an example of group consensus?

a. Several variables were modified and iterative calculations come to an approximation


b. Four experts share their opinion and come to agreement on the overall budget and timing
c. Each project requires similar fund percentages, so the project is allocated to departments
d. The project manager looks at historical projects of similar type and size to approximate the costs

14) Which of the following is an example of Monte Carlo analysis?

a. Several variables were modified and iterative calculations come to an approximation


b. Four experts share their opinion and come to agreement on the overall budget and timing
c. Each project requires similar fund percentages, so the project is allocated to departments
d. The project manager looks at historical projects of similar type and size to approximate the costs

15) Which of the following is NOT a disadvantage for bottom-up estimating?

a. Waiting for bids may allow others to expire


b. Details on each package are known
c. Supplier estimates may be valid, but they are unavailable
d. Time to generate the bids can be significant

16) Which of the following is LEAST important in considering the quality of estimates?

a. Conditions
b. Horizon
c. Padding
d. Structure

16) Which of the following is NOT an advantage for bottom-up estimating?

a. Can be accumulated to higher levels


b. High precision of results
c. Is fast in getting details together
d. Used for budgeting
Check your understanding

1) A project is whatever which is


- implicitly expressed

2) Functional type of structure is separated into department based on


- Functions

3) Capacity planning
- increase production

4) Which of the following is NOT a basis of Project Idea?


- Increase Production.

5) The cost structure of planned project must consider _________________.


a) Cost of Material Inputs b) Labour Costs c) Factory Overheads d) All of the above
- All of the above

6) What is to be organized as a first step to avail finance for a new project?


- Project Report

7) With respect to a project resource denote to:


a) Man power b) Machinery c) Materials d) All of the above
- All of the above

8) The process each manager follows during the life of a project is identified as
- Project Management Life Cycle

9) Which of the following is not measured as a risk in project management?


- Testing

10) Resource requirement in project develops constant although the project is in its
______________ progress stage.
- 80 to 95%

11) Project performance involves of


a) Time b) Cost c) Quality d) All of the above
- All of the above

12) The project life cycle contains of


a) Understanding the scope of the project b) Objectives of the project c) Formulation and
planning various activities d) All of the above
- All of the above
13) The ________________________ organises all of the project’s mechanisms into a hierarchical
structure and determines their linkages to the project’ s end item.
- work breakdown structure

14) _________________ is the practise of anticipating or making an educated guess about the time
and money required to whole project deliverables.
- Estimating

15) ____________________ defines one of the concepts, that is crucial for the smooth running of
an organisation. Name that concept.
- Planning

16) In which step of the planning process, the best and most possible plan will be chosen to be
executed.
- Selecting an alternative

17) In which step of the planning process pros and cons of each other is examined.
- Evaluating alternatives course of action

18) Making expectations for the future is called _________________.


- Making derivative plans

19) The composite plan which includes setting up a long-term objective, finding a course of action,
and allocation of resources is called _____________________.
- Strategy

20) Standardised way in which a task has to be achieved is called ___________________.


- Method

21) Organisations’ own customised way of handling difficulties or making decisions is called
__________________.
- Policy

22) ______________ and __________ type of plan is interwove with each other.
- Policy and procedure

23) Which of the following form of plan do not allow for any flexibility or discretion?
- Rule

24) While guiding organization members in suitable directions, a manager exhibit ______________
- Leadership behavior
25) The five dimensions required to be overseen on a project are
- Constraint, Quality, Cost, Schedule, Staff

26) At the strategic level ______________________ can be seen as an important element in


formulating the long-range plans of companies
- Resource Scheduling

27) Resource needs in project becomes constant during ___________ progress stage.
- 40 to 55%

28) The probability of finishing the project is arrived at, based on the ____________.
- Normal distribution curve.

29) In the beginning phase of the project, the probability of finishing the project is ______________
a) Zero b) High c) Low d) All of the above
- All of the above

30) Project schedule is developed in the stage


- Planning

31) In order to crash a schedule, we need to


- Increase work efforts on those tasks that are on the critical path

32) Of the following, what is NOT a primary need for good project scheduling?
- Developing better trouble shooting procedures.

33) The time required to finish a project is:


- Life cycle

34) Project managers who achieve success, concentrate their time on:
- Communication with the project team

35) The purpose of Resource Levelling is:


- Reduce resource requirements by smoothing out period-to period resource assignments.

36) Effective time management amounts to:


- Knowing the dictated project completion date

37) Under which of the following situations would teams be more effective than individuals?
- When innovation is required

38) There is ________________ correlation between project complication and project risk.
- a positive
39) Which of the following declarations about risk is true?
- There are no risk-free projects.

40) A __________________ is a review of the quality plan, procedures, data collection, and analysis
by an external group.
- quality audit

41) Which of the following is correct about a project manager?


- Project managers are goal oriented.

42) The _________________ is the difference between the additional money spent on prevention
and the corresponding drop in the cost of failure.
- cost of quality

43) When a project manager starts to plan a new project budget, the cost of which project
management development group is expected to be lowest?
- Closing

44) Which one of the following is the finishing step of project closings?
- Archives are complete

45) Audit is a fact-finding method that comparability actual results with _________________
- specified standards and plans

46) Closing the project includes _________________.


- identifying follow-on actions.

47) Auditor shall report on the accounts observed by him __________.


- to the shareholders.

48) Which one of the following schedules shows the specific actions necessary to complete an
activity or work package?
- Task schedule

49) The business case is owned by the ______________________.


- Sponsor

50) Planning Process Group is required to establish __________________.


- Project Scope

51) What is the initial step in project planning?


- Create the objectives and scope.
52) In project planning, it explains _________________ that are wanted to for the growth of
product.
- both a and b

53) A project has not ever happened before, and it will never happen again under the
_____________ conditions.
- Same condition

54) Which stage marks the opening of the project?


- Initiation

55) Project Management contains the tools, techniques, and essential to deal with the growth of
products
- Knowledge

56) In Project Management, the end users and developers need to know the
- All of the above

57) The key product is _______________


- project proposal

58) In tracking, reporting and controlling, the development engages whether the project results are
in accordance with
- both a and b

59) A _______________ is a set of actions which are networked in an order and aimed towards
achieving the goals of a project.
- Project

60) Which is a configuration management concept that assistances us to control change without
seriously impeding justifiable change?
- Baselines

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