Project Management 1

20 Questions | Total Attempts: 69

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Project Management 1

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Questions and Answers
  • 1. 
    Which of the following is a tool used to secure expert judgment?
    • A. 

      Peer Review

    • B. 

      Delphi Technique

    • C. 

      Expected value technique

    • D. 

      Work Breakdown Structure (WBS)

  • 2. 
    An organization is certified to a stringent environmental standard and uses that as the key differentiator with its competitors. Alternative identification during scope planning for a particular project has thrown up an expeditious approach to achieve a project need, but this involves a risk of environmental contamination. The team evaluates that the likelihood of the risk is very low. What should the project team do? 
    • A. 

      Drop the alternative approach

    • B. 

      Work out a mitigation plan

    • C. 

      Procure an insurance against the risk

    • D. 

      Plan all precautions to avoid the risk

  • 3. 
    What factors need to be known in order to be able to calculate the Estimation To Complete?
    • A. 

      Budget at completion, actual cost, and planned value

    • B. 

      Budget at completion, earned value, and actual cost

    • C. 

      Estimate at completion and planned value

    • D. 

      Estimate at completion and actual cost

  • 4. 
    After a study of the work processes on a project, a quality audit team reports to the project manager that irrelevant quality standards were being used by the project, which might lead to rework. What was the objective of the project manager in initiating this study?
    • A. 

      Quality control

    • B. 

      Quality planning

    • C. 

      Checking adherence to processes

    • D. 

      Quality assurance

  • 5. 
    If the cost variance is positive and the schedule variance is also positive, then it indicates that … 
    • A. 

      Project is under budget and behind schedule

    • B. 

      Project is over budget and behind schedule

    • C. 

      Project is under budget and ahead of schedule

    • D. 

      Project is over budget and ahead of schedule

  • 6. 
    During execution of a project, an identified risk event occurs that results in additional cost and time? The project had provisions for contingency and management reserves. How should these be accounted for?
    • A. 

      Contingency reserves

    • B. 

      Residual risks

    • C. 

      Management reserves

    • D. 

      Secondary risks

  • 7. 
    Which of following campaigns do not use the business model freemium?
    • A. 

      Dropbox.com

    • B. 

      Gmail.com

    • C. 

      Ebay.com

    • D. 

      Ok.ru

  • 8. 
    While reviewing the progress, the project manager assesses that an activity has been missed out from the implementation plan. A milestone, scheduled to be achieved within another week, would be missed with the current implementation plan. What should PM do?
    • A. 

      Report the error and the expected delay

    • B. 

      Omit the status update on the milestone

    • C. 

      Report the error and the planned recovery actions

    • D. 

      Assess alternatives to meet the milestone

  • 9. 
    Which statement on conflicts is true?
    • A. 

      Conflict resolution should focus on people, not issues.

    • B. 

      Conflict is natural and forces a search for alternatives.

    • C. 

      Conflict should always be handled in private and not in the team.

    • D. 

      Too much openness is a common cause of conflict.

  • 10. 
    What process is a project manager doing when she defines and documents the stakeholders’ needs to meet the project objectives?
    • A. 

      Collect requirements

    • B. 

      Quality assurance

    • C. 

      Quality control

    • D. 

      Scope verification

  • 11. 
    Which of the following is not a type of WBC?
    • A. 

      Project

    • B. 

      Product

    • C. 

      Process

    • D. 

      Hibrid

  • 12. 
    What goes the last in testing process?
    • A. 

      Alpfa-testing

    • B. 

      Beta-testing

    • C. 

      System testing

    • D. 

      Intagration testing

  • 13. 
    The goal of risk management is:
    • A. 

      To prevent all possible risks

    • B. 

      To be more proactive and less reactive

    • C. 

      to make sure that the project will be completed

    • D. 

      To reduce losses associated with risk

  • 14. 
    Which of the following processes does not occur in  Scrum Poker?
    • A. 

      Team estimates the complexity of the task

    • B. 

      Project Manager explanes the business task to the team

    • C. 

      The performer of the task is appointed

    • D. 

      Discussion of the technical details of the task

  • 15. 
    A person who is involved in or may be affected by the activities or anyone who has something to gain or lose by the activity of the project is called a:
    • A. 

      Team member

    • B. 

      Customer

    • C. 

      Stakeholder

    • D. 

      Supporter

  • 16. 
    An example of scope verification is:
    • A. 

      Reviewing the performance of an installed software module

    • B. 

      Managing changes to the project schedule

    • C. 

      Decomposing the WBS to a work package level

    • D. 

      Performing a benefit-cost analysis to determine if we should proceed

  • 17. 
    You are a project manager working on a project to market a new product. The deliverables of the project have been established, and the project work has begun. A contract to deliver the deliverables has been signed. The customer who has signed the contract has telephoned you to request additional work to be done on the project. This work will affect the budget but not the schedule of the project. This project has a high priority with your company. What should you so next?
    • A. 

      Refuse the request and send a memo to your management explaining the situation

    • B. 

      Respond to the customer’s request by explaining the change procedure and asking that he or she submit a request for change

    • C. 

      Arrange to meet with the project team to discuss this change

    • D. 

      Performing a benefit-cost analysis to determine if we should proceed

  • 18. 
    In PDCA model, what does the letter C mean?
    • A. 

      Count

    • B. 

      Check

    • C. 

      Clear

    • D. 

      Close

  • 19. 
    What should be done by the project manager to ensure that all work in the project is included?
    • A. 

      Create a contingency plan

    • B. 

      Create a risk management plan

    • C. 

      Create a WBS

    • D. 

      Create a scope statement

  • 20. 
    What should not be covered by a risk management plan?
    • A. 

      Roles and responsibilities for handling project risks

    • B. 

      Timing of project risk management activities

    • C. 

      The methodological approach used for risk management

    • D. 

      Individual risks and potential responses to them