Project Management Set 10
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This set of Project Management Multiple Choice Questions & Answers (MCQs) focuses on Project Management Set 10
Q1 | The following are the most important points of a detailed system proposal(i) who will supply and install the required equipment(ii) cost-benefit analysis(iii) comparison of alternative solutions(iv) implementation plan
- i, ii and iii
- i, iii and iv
- ii, iii and iv
- ii and iii
Q2 | At the end of the feasibility study the systems analyst
- meets the users for a discussion
- gives a summary feasibility report to the management
- gives a systems proposal to management
- tells the top management if the system is not feasible
Q3 | The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business is known as a:
- feasibility analysis
- business plan
- strategic analysis
- industry analysis
Q4 | A cost-benefit analysis is performed to assess
- economic feasibility
- operational feasibility
- technical feasibility
- all of the above
Q5 | The primary objective of cost-benefit analysis is
- to find out direct and indirect cost of developing the information system
- to determine the tangible benefits of the information system
- to determine if it is economically worthwhile to invest in developing the information system
- to determine the intangible benefits of the information system
Q6 | The following assumptions are made in case of break even analysis, except
- All fixed costs are fixed
- All variable costs are fixed
- The prices of input factors are constant
- Volume of production and volumes of sales are equal
Q7 | At breakeven point there is
- Profit
- Loss
- No profit or loss
- None of these
Q8 | Which of the following should be taken into account when planning a project?
- Social environment
- Political environment
- Operational environment
- All of the above
Q9 | Improvement efforts are determined by:
- Criticality of problems
- Current performance
- Priorities for future output
- All of the above
Q10 | Performance measurement is:
- The determination of improvement efforts.
- The process of quantifying action.
- The improvement of operations.
- The planning and control of operations.
Q11 | Performance relating to the five operations’ objectives can be plotted on which type of diagram?
- Quality
- Outcome
- Polar
- Satisfaction
Q12 | Which kind of standards are those that are set arbitrarily to reflect some level of performance that is regarded as appropriate or reasonable?
- Competitor performance standards
- Target performance standards
- Historical standards
- Absolute performance standards
Q13 | For a police department, using competitor performance standards, a competitor might be:
- A fire service
- A foreign police authority
- A similar police department
- All of the above
Q14 | What approach is used to compare organisation operations with those of other companies?
- SWOT analysis
- PERT analysis
- Benchmarking
- Competitor performance assessment
Q15 | The origins of benchmarking as it is used today go back to which company?
- Microsoft
- Toyota
- Xerox
- McDonald’s
Q16 | A comparison between operations or parts of operations that are within the same total organisation is called:
- Internal benchmarking
- Competitive benchmarking
- Non-competitive benchmarking
- External benchmarking
Q17 | Benchmarking against external organisations that do not compete directly in the same markets is called:
- Non-competitive benchmarking
- Collaborative benchmarking
- Practice benchmarking
- Non-assault benchmarking
Q18 | Which of the following is regarded as a fundamental flaw in the whole concept ofbenchmarking?
- It limits improvements to currently accepted methods of operating.
- It does not involve learning.
- It limits critical thinking.
- It is not a continuous process.
Q19 | What matrix positions each factor according to its performance and its importance?
- Competitive forces matrix
- Performance importance matrix
- Importance performance matrix
- Customer assessment matrix
Q20 | What do the letter ‘D’ and ‘I’ stand for in Deming’s cycle of improvement?
- Design and improve
- Develop and implement
- Design and implement
- Define and improve
Q21 | Ishikawa Diagrams are another name for what technique of improvement?
- Cause-effect diagrams
- Input-output analysis
- Process maps
- Scatter diagrams
Q22 | The principles of the business process re-engineering (BPR) approach do NOT include:
- Checking that all internal customers act as their own suppliers to identify problems.
- Scrapping any process line over two years old and starting again from scratch.
- Striving for improvements in performance by radical rethinking and redesigning the process.
- Rethinking business processes cross-functionally to organise work around natural information flows.
Q23 | Qualifying competitive factors are those which:
- Directly win business for the operation.
- Need to be better than a good industry standard.
- Are relatively unimportant compared with the others.
- May not win extra business if the operation improves its performance but can certainly lose business if performance falls below a particular point.
Q24 | Which of the following is not a tool and technique used in the process of Plan Risk Responses
- Contingent Response Strategies
- Expert Judgment
- Risk and Impact Matrix
- Strategies for positive risks or opportunities
Q25 | During which stage of Risk planning are modeling techniques used to determine overall effects of risks on project objectives for high probability, high impact risks?
- Identify Risks
- Plan Risk responses
- Perform Qualitative risk analysis
- Perform Quantitative risk analysis