Project Management (PM) MCQ's




Question 1 :
Risk should be analysed and evalauted considering the

  1. Likelihood and cost
  2. Likelihood and Level of impact
  3. Likelihood and time
  4. Likelihood and data
  

Question 2 :
Earliest expected time of completion for an activity is found using

  1. Expected time calculation
  2. Forward Pass method
  3. Backword Pass Method
  4. Crashing
  

Question 3 :
Which of the following is not true about project charter?

  1. Project charter is written by the Project Manager.
  2. Project charter defines the purpose of the project
  3. Identify and authorizes the Project Manager
  4. Project charter is authorized by Executive Management
  

Question 4 :
The percentage of likelihood of every risk is -

  1. 1
  2. 0.75
  3. 0.5
  4. 0.25
  

Question 5 :
Models that are easily altered to accommodate changes in the environment or managerial policy, are

  1. Profitability models
  2. Scoring models
  3. Numeric models
  4. Nonnumeric models
  

Question 6 :
Which is an example of Triple Constraint?

  1. Scope, Human Resource, Time
  2. Quality, Scope, Human Resource
  3. Cost, Human Resource, Time
  4. Scope, Cost, Time
  

Question 7 :
What is a statement of work?

  1. A narrative description of the deliverables of a project
  2. A final bill for a project
  3. A project employee's timesheet
  4. Proof that an employee can perform the duties required by a project
  

Question 8 :
You are in charge of building a shopping portal.You are fairly confident as you have a team experienced in doing such work.As per the agreement at the end of the first month you organize a demonstration of the software.You invite the sponsor and key stakeholders.Later the sponsor informs you that she is not very happy with the progress indicating that one of the clients who would be using this software is not satisfied as her needs are not being met.To satisfy this client's needs would mean some radical changes with an impact to both cost and schedule.What could be the root cause of this issue?

  1. Deliverables were not as per requirement
  2. The stakeholder is making unrealistic demands
  3. The scope statement was ambiguous leading to this
  4. All the stakeholders were not identified
  

Question 9 :
Strategy to deal with negative risk are-

  1. Escalate, mitigate, transfer, avoid, accept
  2. costing
  3. listing
  4. exploit
  

Question 10 :
You have been given 100,000 USD to complete the project. 60,000 USD has been spent, though as per the schedule, 55,000 USD should have been spent to complete the same work. What is the Planned Value (PV)?

  1. 55,000 USD
  2. 100,000 USD
  3. 60,000 USD
  4. 105,000 USD
  

Question 11 :
You have created the project charter but could not get it approved by senior management. Your manager and his boss have asked you to begin the project anyway. Which of the following actions is the best thing to do?

  1. Focus on other projects that have a signed charter.
  2. Start work on critical path tasks.
  3. Update your Project Risk Log.
  4. Show your manager the impact of proceeding without approval.
  

Question 12 :
The Delphi technique was developed by the Rand Corporation in

  1. 1989
  2. 1978
  3. 1969
  4. 1990
  

Question 13 :
A project would normally be undertaken if its Net Present Value (NPV) is

  1. Exactly the same as the NPV of the existing project
  2. negative
  3. positive
  4. Zero
  

Question 14 :
Project Manager is looking at a document that outlines the specific tasks and subtasks required to complete the writing of program for accounting system. The document is most likely the …....

  1. Responsibility matrix
  2. Organization breakdown structure
  3. Work breakdown structure
  4. Priority matrix
  

Question 15 :
An activity on the CPM network has Early start on 8th day, Early Finish is 14th day, Late start is 10th day and Late finish is 16th day. What is the float available for this activity?

  1. 6 days
  2. 8 days
  3. 1 day
  4. 2 days
  

Question 16 :
PMI followed processes laid by ______ in formulating ethics

  1. ACM
  2. ANSI
  3. IEEE
  4. IETE
  

Question 17 :
Professional ethics is to followed only in

  1. at Work place
  2. at home
  3. in service
  4. at work, in home and in service
  

Question 18 :
Most important 4 values identified by PMI are responsibility, respect, fairness, and

  1. sincere
  2. dishonesty
  3. Honesty
  4. workoholic
  

Question 19 :
In profitability models, the variation falls into general category of

  1. 2 types
  2. 3 types
  3. 4 types
  4. 6 types
  

Question 20 :
You are in charge of a software project and you are almost 40% complete.The project stakeholders want a performance report to date.You had planned to use Earned Value Management methodology.You come up with the following numbers: EV = 100 AC = 300 PV = 150 BAC = 600 You and your team have faced numerous issues till now . However you choose to ignore the current work performance and decide to go with what was originally planned. Based on this information what would be the EAC for the project ?

  1. 800
  2. 200
  3. 600
  4. 1800
  

Question 21 :
As a part of the Executive Management team - you have a number of project managers reporting into you. One of the project managers has reported data for her project that has got you worried regarding health of the project. EV = 300000 USD , PV = 550000 USD , AC = 200000 USD You are worried since as per your calculations the project is behind schedule. However the Project Manager disagrees and she feels the project is ahead of schedule - what is the correct interpretation of the data ?

  1. Both are incorrect - the health of the project cannot be determined from this information
  2. Both are correct as interpretation is very subjective
  3. You are correct - the project is behind schedule
  4. Your Project Manager is correct - the project is ahead of schedule
  

Question 22 :
The project takes shape during the ______________ phase

  1. implementation
  2. planning
  3. initiation
  4. closure
  

Question 23 :
Why does activities on critical path of a CPM network are called critical

  1. They represent maximum project completion time
  2. They cannot tolerate any delay in completion
  3. They consume maximum rresources
  4. These are most cpmplex activities on project
  

Question 24 :
As practitioner we make decision and take action based on the best interests of society, public safety, and

  1. Self
  2. Family
  3. Organisation
  4. environment
  

Question 25 :
You have been given 100,000 USD to complete the project. 60,000 USD has been spent, though as per the schedule, 55,000 USD should have been spent to complete the same work. What is the Actual Cost (AC)?

  1. 55,000 USD
  2. 100,000 USD
  3. 60,000 USD
  4. 105,000 USD
  

Question 26 :
You are the project manager and have decided to outsource a part of the project to a vendor. You have offered a bonus to the vendor if the work is completed in two months. This is an example of _____________.

  1. project incentive
  2. project goal
  3. fixed price contract
  4. Time and Material
  

Question 27 :
A project is overbudget when

  1. CPI > 1
  2. SPI > 1
  3. CPI and SPI > 1
  4. CPI less than 1
  

Question 28 :
A project can only be successful when there is no conflict between the ………………… and the local populace.

  1. sponsor
  2. workers
  3. manager
  4. management
  

Question 29 :
A document you use to capture all known risks is called

  1. Risk Log
  2. Risk Register
  3. Risk List
  4. Risk Diary
  

Question 30 :
The payback period for a project

  1. is the initial fixed investment in the project divided by the estimated annual net cash inflows from the project.
  2. is the discounted cash flow method determines the net present value of all cash flows by discounting them by the required rate of return
  3. Also known as the benefit–cost ratio
  4. the internal rate of return is the discount rate that equates the present values of the two sets of flows.
  
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