Project Management 1

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

Project is under budget and behind schedule

Project is over budget and behind schedule

Project is under budget and ahead of schedule

Project is over budget and ahead of schedule

2. 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:

Team member

Customer

Stakeholder

Supporter

3. Which statement on conflicts is true?

Conflict resolution should focus on people, not issues.

Conflict is natural and forces a search for alternatives.

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

Too much openness is a common cause of conflict.

4. 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?

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

Arrange to meet with the project team to discuss this change

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

5. Which of the following is a tool used to secure expert judgment?

Peer Review

Delphi Technique

Expected value technique

Work Breakdown Structure (WBS)

6. In PDCA model, what does the letter C mean?

Count

Check

Clear

Close

7. 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?

Contingency reserves

Residual risks

Management reserves

Secondary risks

8. What process is a project manager doing when she defines and documents the stakeholders' needs to meet the project objectives?

Collect requirements

Quality assurance

Quality control

Scope verification

9. What goes the last in testing process?

Alpfa-testing

Beta-testing

System testing

Intagration testing

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

Create a contingency plan

Create a risk management plan

Create a WBS

Create a scope statement

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

Budget at completion, actual cost, and planned value

Budget at completion, earned value, and actual cost

Estimate at completion and planned value

Estimate at completion and actual cost

12. 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?

Report the error and the expected delay

Omit the status update on the milestone

Report the error and the planned recovery actions

Assess alternatives to meet the milestone

13. Which of the following processes does not occur in Scrum Poker?

Team estimates the complexity of the task

Project Manager explanes the business task to the team

The performer of the task is appointed

Discussion of the technical details of the task

14. An example of scope verification is:

Reviewing the performance of an installed software module

Managing changes to the project schedule

Decomposing the WBS to a work package level

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

15. What should not be covered by a risk management plan?

Roles and responsibilities for handling project risks

Timing of project risk management activities

The methodological approach used for risk management

Individual risks and potential responses to them

16. 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?

Drop the alternative approach

Work out a mitigation plan

Procure an insurance against the risk

Plan all precautions to avoid the risk

17. The goal of risk management is:

To prevent all possible risks

To be more proactive and less reactive

To make sure that the project will be completed

To reduce losses associated with risk

18. Which of following campaigns do not use the business model freemium?

Dropbox.com

Gmail.com

Ebay.com

Ok.ru

19. 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?

Quality control

Quality planning

Checking adherence to processes

Quality assurance

20. Which of the following is not a type of WBC?

Project

Product

Process

Hibrid