Reference no: EM133320685
Questions
1. Which of the following is NOT a characteristic of a project?
a. Ongoing and repetitive
b. Creates a unique product or service
c. Planned, executed, and controlled
d. Constrained by limited resources
2. You are working as a portfolio manager. You are responsible for managing which of the following?
a. Projects and programs
b. Project interdependencies
c. Projects, programs, and day to day operations decisions
d. Functional work and operations
3. You are managing the release of a new drug in the market. Your role is that of a:
a. Functional Manager, because you have good functional knowledge of the pharmaceutical industry
b. Operations Manager, because you have to do several repetitive tasks
c. Program Manager, because you have to manage several projects to d0 job effectively
d. Project Manager, because you are creating a unique product within specific time schedules
4. You are responsible for managing a project in your company but you have least authority and have to constantly report to a functional manager. To which organizational structure does your company belong?
a. Functional
b. Matrix
c. Projectized
d. Balanced
5. You are the project manager in a company where you have maximum authority. To which organizational structure does your company belong?
a. Weak Matrix
b. Strong Matrix
c. Functional
d. Projectized
6. In a kick-off meeting for your project, you provided information to your team members about the different project management processes to be followed in the project, what are these processes?
a. Conceptualizing, Initiating, Executing, Monitoring and Controlling, and Closing
b. Initiating, Planning, Executing, Monitoring and Controlling, and Closing
c. Initiating, Planning, Executing, Controlling, and Administrative Closure
d. Initiating, Verifying, Executing, Monitoring and Controlling, and Closing
7. In your project, you are subdividing major project deliverables into smaller, more manageable components. This will be done as part of
a. Scope Verification
b. Product Analysis
c. Work Authorization System
d. Create WBS
8. The following provides information on a particular task in your project:
• Early Start (ES): day 25
• Late Start (LS): day 30
• Early Finish (EF): day 50
• Late Finish (LF): day 55
a. The task is not on the critical path
b. The project may get delayed
c. The project float is 5 days
d. The task is on the critical path
9. Float is the amount of time an activity can be delayed without delaying the project finish date. It is also called:
a. Path float
b. Critical Paths
c. Free float
d. Slack
10. In your company, payback period is primarily used as the decision criterion for project selection. Payback period is the:
a. Duration in which the project gets completed
b. Discount rate on an investment that makes present value of all cash inflows equal to present value of all cash outflows
c. Number of years a company takes to get back the invested amount
d. Number of years a company takes to make profits equal to the amount invested
11. rag the following four risk activities into the correct order:
Risk Assessment/analysis
Risk response control
Risk Identification
Risk Response development
12. Which two methods are ways of reducing risk? (Select all that apply)
a. Reducing Impact
b. Reducing Time
c. Reducing Likelihood
d. Reducing Cost
13. In your project, you have created a list of identified risks and potential responses. You should document this information in:
a. Risk management plan
b. Risk register
c. Project plan
d. Risk database
14. When your company buys computers from Dell, you also pay extra for a three-year warranty which ensures that any manufacturing defects will be taken care of by Dell. The risk response strategy used is:
a. Accept
b. Avoid
c. Mitigate
d. Transfer