Part I: The first
part will carry a weight of 50% of the total grade.
________________________________________
1. Which of
the following can be included in scoring models for selecting projects?
a) potential
profitability of the project
b) potential
impact on the firm’s competitive position
c) the
organization’s ability to market the output of a project
d) All of
the above can be included
e) only a
and b above
2. If the initial investment in a project is $100,000 and
the expected annual net profit for the project is $20,000, the payback period
is:
a) 5 years
b) 4 years
c) One fifth
of a year
d) 10 years
e) insufficient
information to determine the payback period
3. Which of
the following is NOT a characteristic of a project?
a) They are
unique.
b) They are
routine.
c) They have
specific due date.
d) They have
a specific deliverable.
e) They have
a purpose.
4. The
project manager is responsible to:
a) the
parent organization
b) the
project team
c) the
project’s client
d) the
project manager’s immediate supervisor
e) all of
the above
5. What is the
primary purpose of creating a work breakdown structure?
a) to draw
the project plan as a chart or tree
b) to make
sure important tasks aren’t overlooked
c) so that
all team members can see what others are working on
d) to assign
budget numbers to tasks
e) to
identify important precedence relationships
6. Which of
the following is used to show linkages between people and tasks?
a) the Work
Breakdown Structure
b) the RACI
Matrix
c) the
Project Action Plan
d) the
Project Resource Diagram
e) the
Concurrent Engineering Chart
7. Which of
the following is NOT a sub-process associated with risk management?
a) risk
identification
b) risk
measurement
c) qualitative
risk analysis
d) quantitative
risk analysis
e) risk
response planning
8. Which of
the following is NOT true regarding top-down budgeting?
a) It is
based on the collective judgments of top and middle managers.
b) Overall
project costs are estimated by top and middle managers and then passed on
c) to the
next lower level.
d) The
overall budget cost is generally not very accurate.
e) Overlooking
small but important tasks can lead to a serious budgetary problem.
f) All of
the above are true concerning top-down budgeting.
9. Which of
the following is NOT an element of the Gantt chart?
a) actual
progress
b) variance
of the critical path
c) the
current date
d) scheduled
milestones
e) all of
the above are elements
10. Which of
the following is typically used as the best estimate of task duration?
a) expected
time
b) pessimistic
time
c) optimistic
time
d) most
likely time
e) none of
the above
11. In MS
Project, in order to set a deadline for a particular task, which of the
following is the proper
sequence from the Task Information dialog box?
a) General > Percent Complete
b) Resources > Assignment Owner
c) Advanced tab > Calendar
d) Advanced tab > Deadline
12. Why is it
necessary to consider the learning curve of resources on a project?
a) to
estimate labor costs properly
b) to improve project team morale
c) because it always takes less time to do a task after
someone has done it a few times
d) collective bargaining contracts require it
e) All of the above
13. The name
given to the budget process that aggregates income and expenditures across
projects is:
a) activity-oriented budget
b) top-down budget
c) bottom-up budget
d) program-oriented budget
e) activity-based costing
14. Which of the following linkages is used to
start two or more activities at the same time?
a) finish-to-start
b) start-to-start
c) finish-to-finish
d) start-to-finish
e) They can all be used to start two or more activities at
the same time
15. Altering
the specifications of an ongoing project is referred to as
a) suboptimization
b) scope creep
c) a virtual project
d) projectitis
e) PMI
16. During
project formation stage, the major sources of conflict are all of the following
except:
a) Priorities
b) Procedures
c) Technical
d) Schedules
17. The first unit produced by a manufacturer required 6
hours. If the industry uses a 90 percent
learning rate, how long should the fourth unit take?
18. Because project budgeting is for a special case and the
organization’s budgeting process is
for routine work, the project manager need NOT be familiar
with the organization’s
accounting system. (True/False)?
19. The Major Deliverables section in Project Charter
describe the details of the work
packages in the work breakdown structure (True/False)
20. A disadvantage of using the discounted cash flow method
(or net present value) for selecting projects is that it ignores all
non-monetary factors associated with the project. (True/False)?
21. If task duration estimates are carefully made, the
project manager needs to only examine the critical path when conducting a risk
analysis. (True/False)?
22. The actual project duration will be known with certainty
after the project is completed. (True/False)?
23. In MS Project, what is the difference between the
Resource column on the WBS
(including personnel needed by the
project) and the Assigned To column? (no more than 100 words).
24. Contrast the project plan and the work breakdown
structure. (no more than 100 words).
25. When activity times are known with certainty, the
critical path is defined as the set of activities on a path from the project’s
start event to its finish event that, if delayed, will delay the completion
date of the project. Why must this
definition be modified in situations where the activity times are not known
with certainty? Are there dangers
associated with not modifying the definition? (not more than 150 words).
