Project Management Set 11
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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