Project Management (PM) MCQ's




Question 31 :
Members of the project team need a strong

  1. boss
  2. problem orientation
  3. manager
  4. leader
  

Question 32 :
As a manager on a project you have identified and created the WBS and WBS Dictionary.You also plan to ensure that each deliverable gets the blessings of your stakeholders and sponsors.Which process are you planning to perform?

  1. Scope Verification
  2. Perform Quality Control
  3. Control Scope
  4. Define Scope
  

Question 33 :
The lowest element in the hierarchical breakdown of the WBS is

  1. Deliverable
  2. Work package
  3. Responsibility matrix
  4. Bottoms up budget
  

Question 34 :
A secondary effect of using multidisciplinary teams to deal with complex problems is

  1. conflict
  2. tie up
  3. agreement
  4. failure
  

Question 35 :
Senior members of the project team must be

  1. politically sensitive
  2. active
  3. dynamic
  4. decision makers
  

Question 36 :
Team members need a strong

  1. goal orientation
  2. coordination
  3. leader
  4. task orientation
  

Question 37 :
Project workers need high

  1. intention
  2. self-esteem
  3. goal
  4. attitude
  

Question 38 :
A risk is known as Positive risk or opportunity if-

  1. Impact is positive which you may want to actualize
  2. Impact is negative which you want to lesson its impact
  3. Impact is positive which you want to lesson its impact
  4. Impact is negative which you may want to actualize
  

Question 39 :
What is associated with product risk?

  1. Control of test item
  2. Negative consequences
  3. non-availability of test environment
  4. Test object
  

Question 40 :
What is risk?

  1. Negative consequence that could occur
  2. Negative consequence that will occur
  3. Negative consequence that must occur
  4. Negative consequence that shall occur
  

Question 41 :
Part of a project is to 'Develop Product Specifications'. This is best classified as a(an)

  1. Event
  2. Path
  3. Activity
  4. Milestone
  

Question 42 :
Follwing is Numeric models

  1. The Sacred Cow
  2. Profitability
  3. Competitive necessity
  4. Product line extension
  

Question 43 :
The project charter should be issued by whom?

  1. One or more functional managers
  2. The head of the performing organization
  3. A manager external to the project
  4. The CFO
  

Question 44 :
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 Budget at Completion (BAC)?

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

Question 45 :
What assess the risk and your plans for risk mitigation and revise these when you learn more about the risk?

  1. Risk monitoring
  2. Risk planning
  3. Risk analysis
  4. Risk identification
  

Question 46 :
A projeect has three independent critical paths A (Having maximum no. of activities), B(Using maximum rsources) and C(Having maximum crashing cost). To reduce the project length, we have to crash

  1. Activities on Path A
  2. Activities on Path B
  3. Activities on Path C
  4. Activities on Paths A, B and C simultaneously
  

Question 47 :
Which of the following statement is true regarding Procurement Documents

  1. These are the response documents provided by Seller to the Buyer.
  2. It is the formal agreed contract between the buyer and seller
  3. It is used to solicit proposals from sellers and contains details of expected services or work to be done
  4. Describes how product or services will be acquired externally and type of contract to be administered
  

Question 48 :
Information to develop a project network is collected from the

  1. Work breakdown structure
  2. Budget
  3. Project proposal
  4. Responsibility matrix
  

Question 49 :
When a firm chooses a project selection model, the following criteria, based on Souder(1973), are most important.

  1. Realism, capability, flexibility
  2. b scope, cost
  3. c Quality,flexiblity
  4. d cost
  

Question 50 :
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 51 :
Cost accountant is forecasting how much money her department needs to support a new project. She estimates that two people and Rs.2.5 lakhs in expenses will cover her needs. Since usually management insists on reducing forecasts by 20 percent, she increases her estimates to allow for that reduction. This is example of..

  1. Padding of estimates
  2. Planning horizon
  3. People behaviour
  4. Organization culture
  

Question 52 :
If an activity with free slack time of 2 weeks is delayed by 1 week

  1. the project will be delayed by 1 week.
  2. the slack time of all activities that follow this activity is reduced by 1 week.
  3. no other activity in the project is affected.
  4. the probability of completing the project on time decreases.
  

Question 53 :
You are in your third month of project execution which is expected to continue for a duration of 14 calendar months. Your sponsor has asked for a performance report. You decide to create a S curve. Based on the S curve you report your Actual Cost which is more than the Earned Value.Also the Planned Value is greater than the Earned Value. What would be the interpretation of this data ?

  1. The project is over budget and behind schedule
  2. The project is on schedule and on budget
  3. The project is over budget but on schedule
  4. The project is on budget but behind schedule
  

Question 54 :
Select the correct statement from the following

  1. Slack or float of dummy activity is always equal to zero
  2. There is always only one critical path in the network
  3. A path is called a critical path if it is the longest path in a project network
  4. Crashing cost linearly increases with no of days crashed
  

Question 55 :
The models designed to overcome some of the disadvantages of profitability model is known as

  1. Scoring models
  2. Factoring models
  3. Evaluation models
  4. Gradation models
  

Question 56 :
Why is payback method often considered inferior to discounted cash flow in capital investment appraisal.

  1. It is more difficult to calculate
  2. It does not calculate how long it will take recoup the money invested
  3. It only takes into account the future income of a project.
  4. it does not take account of the time value of money
  

Question 57 :
You are in charge of a project and to ensure things go well - you have had monthly meetings with the stakeholders.The project is running on schedule and budget.You are in your fourth month of execution - but the stakeholder indicates dissatisfaction with the deliverables.To make changes in the deliverables would mean a delay in the schedule.What would have been the most important process that could have prevented this situation?

  1. Scope Planning
  2. Scope Control
  3. Schedule Control
  4. Risk Monitoring and Control
  

Question 58 :
An activity considered for PERT scheduling has estimated durations as, optimistic 5 days, pessimistic 10 days, and most likely 6 days. What is the expected time duration for this activity?

  1. 6.5 days
  2. 9 days
  3. 8.5 days
  4. 5.5 days
  

Question 59 :
Which conduct is subject to disciplinary action

  1. Aspirational conduct
  2. Mandatory conduct
  3. Organisational conduct
  4. Personal conduct
  

Question 60 :
Stakeholder identification should be performed at what point in a project?

  1. Only during the planning phase
  2. Only during project initiation
  3. At the end of the project
  4. Continuously throughout the project
  
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