Project Management Set 9
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This set of Project Management Multiple Choice Questions & Answers (MCQs) focuses on Project Management Set 9
Q1 | Costs that are not directly related to the products or services of the project, but are indirectly related to performing the project.
- Intangible Costs
- Sunk Cost
- Tangible Costs
- Indirect Costs
Q2 | Relationship based on unrelated level of activity and past data of cost is measured withhelp of
- cost estimation
- price estimation
- unit estimation
- production estimation
Q3 | In estimation of cost functions, variations in a single activity level represents the
- related total costs
- related fixed cost
- related variable cost
- related per unit cost
Q4 | The latest finish time for an activity:
- Equals the min. of LFT − t for all immediate successors
- Equals the max. of LFT − t for all immediate predecessors.
- Equals the max. of EST + t for all immediate predecessors.
- Equals the min. of EST + t for all immediate successors.
Q5 | Which of the following statements is true?
- PERT is considered as a deterministic approach and CPM is a probabilistic techniques.
- PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach.
- PERT and CPM are both probabilistic techniques.
- PERT and CPM are both considered as deterministic approachs.
Q6 | In corporate costs, cost incurred to finance construction of new equipment are classified as
- treasury costs
- discretionary costs
- human resource management costs
- corporate administration costs
Q7 | An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed.
- Random Chance
- Disaster
- Risk
- Hazard
Q8 | The cost impact of a risk event occurring as a project proceeds through its life cycle tends to
- Slowly rise
- Slowly drop
- Drop sharply and then level out
- Rise sharply and then level out
Q9 | Evaluation process of proposed projects or groups of projects is known as:
- Project Analysis
- Project Compilation
- Project selection
- Project Documentation
Q10 | Nature of interrelationships between components in a system defines the
- Function of system
- Structure of system
- Environment of system
- Platform of system
Q11 | Listing goals of each existing and proposed project is first step in
- Data Collection
- Establishment of Project council
- Prioritizing the projects
- Identification of project categories
Q12 | For any project word objective is held to be synonymous with
- Fact
- Option
- Opinion
- Assumption
Q13 | Which of these is not one of the constraints of a project?
- Scope
- Resources
- Team
- Budget
Q14 | Which of the following is not correct about initial phase of a project?
- The cost associated at the beginning of the project is highest.
- Stakeholders have maximum influence during this phase
- The highest uncertainty is at this stage of the project.
- All the above statements are correct.
Q15 | Which is the first stage in the project management model?
- Understanding the project environment
- Project definition
- Project control
- Project planning
Q16 | A clear hierarchy of objectives in the project definition would NOT normally contain:
- The purpose
- An End result
- Success criteria
- Control mechanisms
Q17 | Which of the following is a factor that influences project selection?
- Perceived and real needs
- List of potential and ongoing projects
- Current organizational environment
- All of the above
Q18 | The primary deliverable from the project identification and selection phase is a:
- schedule of specific IS development projects.
- Statement of Work.
- mission statement.
- design strategy.
Q19 | When classifying and ranking projects, which of the following refers to the amount and type of resources the project requires and their availability?
- Value chain availability
- Business placement
- Resource availability
- Potential benefits
Q20 | When classifying and ranking projects, which of the following refers to the extent to which the project is viewed as helping the organization achieve its strategic objectives and longterm goals?
- Resource availability
- Business placement
- Strategic alignment
- Potential benefits
Q21 | During feasibility analysis it is necessary to examine several alternative solutions because(i) a comparison of alternatives will lead to a cost-effective solution(ii) a pre-conceived single solution may turn out to be unimplementable(iii) it is always good to examine alternatives(iv) management normally looks at alternatives
- i and iii
- i and iv
- i and ii
- ii and iv
Q22 | Goals are identified by
- discussion with all concerned
- pinpointing unsatisfactory performance
- finding poor management
- examining a variety of documents
Q23 | By technical feasibility of a solution we mean that
- technology is available to implement it
- persons are available to implement it
- persons have technical ability to implement it
- funds are available to implement it
Q24 | By operational feasibility we mean
- the system can be operated nicely
- the system is unusable by operators
- the system can be adapted by an organization without major disruptions
- the system can be implemented
Q25 | By economic feasibility of a system we mean that
- it is economical to operate
- it is expensive to operate
- it will be cost-effective if implemented
- finances are available to implement the system and it will be cost – effective