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This set of Project Management Multiple Choice Questions & Answers (MCQs) focuses on Project Management Set 11

Q1 | Supplier risk is highest with ___________.
  • Cost plus incentives fee.
  • Cost sharing.
  • Firm fixed price contract.
  • Fixed price plus incentives.
Q2 | You have just completed Qualitative Risk Analysis of the project. What should you bedoing next?
  • Plan Risk Management
  • Perform Quantitative Risk Analysis
  • Plan Risk Responses
  • Control Risks
Q3 | Risk Management Plan may include
  • Budgeting, Timing, Thresholds, Methodology
  • Risks, Triggers, Inputs to other processes
  • Avoided, Transferred, Mitigated and Accepted Risks
  • Risk Response Audits, Earned Value Analysis, Technical Performance Measurement
Q4 | Reserve analysis is NOT a Tool/Technique in which of the following processes?
  • Cost Estimation
  • Activity Duration estimation
  • Cost Budgeting
  • Activity Resource Estimation
Q5 | Which of the following is not a tool or technique used during the Risk Quantification Process?
  • Risk Categorization
  • Contingency planning
  • Probability and Impact Matrix
  • Risk Data Quality Assessment
Q6 | Risk management is responsibility of the
  • Customer
  • Investor
  • Developer
  • Project team
Q7 | What is associated with product risk?
  • Control of test item
  • Negative consequences
  • non-availability of test environment
  • Test object
Q8 | A ____________ is a temporary endeavor undertaken to create a unique product service orresult.
  • Assignment
  • Product
  • Research
  • Project
Q9 | Assembling project team and assigning their responsibilities are done during which phaseof a project management?
  • Initiation
  • Planning
  • Execution
  • Closure
Q10 | The basic nature of a project is a/an _____ one.
  • permanent
  • temporary
  • (A) or (B)
  • Both (A) and (B)
Q11 | The structure of a project will vary depending on the _________to provide.
  • benefits it is intended
  • Structure
  • Schedule
  • Assignment
Q12 | A process that involves continuously improving and detailing a plan as more detail becomeavailable is termed as
  • project analysis
  • project enhancing
  • progressive deliberation
  • progressive elaboration
Q13 | A program is usually a group of
  • plans
  • people and work
  • related projects
  • unrelated projects
Q14 | Which from the following statement(s) is/are NOT true?I. Projects have defined objectivesII. Programs have a larger scope than projectsIII. The projects and programs in a portfolio must be directly related
  • I only
  • II only
  • III only
  • II and III only
Q15 | Projects management is divided in _____ process groups.
  • 5
  • 7
  • 9
  • 11
Q16 | ____________are avoided by providing more tangible and objective results troughout thelife cycle.
  • Adversarial stakeholder relationship
  • Documents
  • Preview
  • risk resolution
Q17 | .If any one factor of a project changes, _____ other factor(s) is/are likely to be affected.
  • all
  • one
  • at least one
  • at most one
Q18 | Business Value =
  • Tangible Elements
  • Intangible Elements
  • Tangible Elements – Intangible Elements
  • Tangible Elements + Intangible Elements
Q19 | Which from the following is NOT a tangible element?
  • Fixtures
  • Trademarks
  • Monetary assets
  • Stockholder equity
Q20 | A horizontal bar chart that shows project tasks against a calendar is called
  • milestone
  • goal
  • Gantt chart
  • PERT chart
Q21 | Which from the following represents the correct project cycle?
  • Planning→Initiating→Executing→Closing
  • Planning→Executing→Initiating→Closing
  • Initiating→Planning→Executing→Closing
  • Initiating→Executing→Planning→Closing
Q22 | The strategy used to correct resource over-allocations by balancing demand for resourcesand the available supply is known as
  • resource assignment
  • resource leveling
  • resource splitting
  • resource scheduling
Q23 | The statistical tool that depicts a project’s tasks and the relationships between those tasks is known as
  • milestone
  • goal
  • Gantt chart
  • PERT chart
Q24 | Which of the following is NOT a part of project management?
  • initiating
  • monitoring
  • closing
  • All above are parts
Q25 | The scope of the work is defined in which phase of the project management?
  • Initiating
  • Planning
  • Executing
  • Closing