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    Solved Pm-2 Quiz

    Uploaded by

    smita
    This quiz contains 25 multiple choice questions about project management concepts such as estimating techniques, financial analysis methods, and work breakdown structures. It opened on September 26, 2017 and will close on October 5, 2017. The questions cover topics like internal rate of return, time and cost tradeoffs, project classification, risk management, and scope management.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Solved Pm-2 Quiz

    Uploaded by

    smita
    3K views4 pages
    This quiz contains 25 multiple choice questions about project management concepts such as estimating techniques, financial analysis methods, and work breakdown structures. It opened on September 26, 2017 and will close on October 5, 2017. The questions cover topics like internal rate of return, time and cost tradeoffs, project classification, risk management, and scope management.

    Original Description:

    project mgmt quiz

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    This quiz contains 25 multiple choice questions about project management concepts such as estimating techniques, financial analysis methods, and work breakdown structures. It opened on September 26, 2017 and will close on October 5, 2017. The questions cover topics like internal rate of return, time and cost tradeoffs, project classification, risk management, and scope management.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    3K views4 pages

    Solved Pm-2 Quiz

    Uploaded by

    smita
    This quiz contains 25 multiple choice questions about project management concepts such as estimating techniques, financial analysis methods, and work breakdown structures. It opened on September 26, 2017 and will close on October 5, 2017. The questions cover topics like internal rate of return, time and cost tradeoffs, project classification, risk management, and scope management.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4
    At a glance
    Powered by AI
    The document discusses various project management concepts such as estimating techniques, feasibility analysis, and change management.

    The document discusses concepts like the internal rate of return test for project selection, estimating techniques like bottom-up and top-down approaches, milestones, change requests, and scope baselines.

    The document mentions that estimating risks can come from poorly defined requirements, inexperienced project managers, or lack of management support during estimating. It also discusses how uncertainty can influence the choice of estimating technique.

    This quiz opened at Tuesday, 26 September 2017, 11:00 AM

    This quiz will close at Thursday, 5 October 2017, 11:59 PM


    Project Management (Merged - ESZG523/MMZG523/QMZG523/HHSMZG519)
    1. If Internal rate of return is less than the cost of capital

    Select one:

    a. Accept the project

    b. Reject the project

    c. Postpone the project

    d. Indifferent
    2. Time - Constrain and Cost - Acceptable means
    Select one:

    a. Time is fixed, cost is fixed

    b. Time is optimized, cost overrun/under run is not acceptable

    c. Time is fixed , cost can be optimized

    d. Time is fixed, cost overrun/under run is acceptable


    3. "Must to do" projects are called

    Select one:

    a. Strategic Projects

    b. Operational Projects

    c. Compliance Projects

    d. All of the above


    4. When an unusual amount of uncertainty surrounds a project, we use

    Select one:

    a. Range Estimating

    b. Top-down approach

    c. Bottom-up approach

    d. Phase Estimating
    5. The high risk and high vale projects are called

    Select one:

    a. bread and butter project

    b. Pearls

    c. Oysters

    d. White elephants
    6. When the project size and scope are small, we prefer

    Select one:

    a. Process break down structure

    b. Organization break down structure

    c. Work breakdown structure

    d. Responsibility Matrix
    7. The Bottom-up Approach for time and cost estimating is used when
    Select one:

    a. High uncertainty in project

    b. Fixed price contract

    c. Strategic and decision-making

    d. Unstable Scope
    8. Estimating pitfalls can result from

    Select one:

    a. All of the above

    b. Using the wrong estimating techniques

    c. Poorly defined statement of work

    d. Failure to account for risks in the estimate


    9. Which of the following is a valid way of evaluating the financial feasibility of a project

    Select one:

    a. All of the above

    b. Net Present Value

    c. Return on Investment

    d. Internal rate of return


    10. A significant event in a project that occurs at a point in time is called

    Select one:

    a. Milestones

    b. Deleverable

    c. Exclusions

    d. Objective
    11. One of your contractors sends you an e-mail request to use high quality raw materials in your project
    stating that this will be value-added and improve quality. What should be the project manager do first?

    Select one:

    a. Ask your sponsor for his or her opinion

    b. Change the work break down structure

    c. Ask the contractor to put forth a change request

    d. Change the scope baseline


    12. Top - down approach is used for time and cost estimating when

    Select one:

    a. Fixed - price contract

    b. Customer wants details

    c. Unstable scope

    d. Cost and time are important


    13. Delphi Method is used in the following estimating methods

    Select one:

    a. Function Points
    b. Ratio Method

    c. Apportion Method

    d. Consensus Method
    14. The document that officially sanctions the project is the

    Select one:

    a. Project Plan

    b. Feasibility Study

    c. Project Charter

    d. Cost-benefit analysis
    15. One of the most condition reasons why projects undergo scope change is

    Select one:

    a. Poorly defined statement of work

    b. Poor Work breakdown structure

    c. Lack of resources

    d. Lack of Funding
    16. The change control board, of which you are a member approves a significant scope change. The first
    document that the project manager should updated would be the

    Select one:

    a. Work break down structure

    b. Budget

    c. Schedule

    d. Scope baseline
    17. When work packages have significant uncertainty associated with the time or cost to complete, we use

    Select one:

    a. Top-down approach

    b. Bottom-up approach

    c. Phase Estimating

    d. Range estimating
    18. The work breakdown structure "control points" for the management of a project are the

    Select one:

    a. Milestones

    b. Work Packages

    c. Constraints

    d. Activities
    19. Which of the following generally cannot be validated using a work breakdown structure

    Select one:

    a. Cost control

    b. Risk Management

    c. Schedule control
    d. Quality control
    20. The lowest level of work break down structure is called

    Select one:

    a. Deleverables

    b. Work Package

    c. Work Accounts

    d. Lowest Deliverables
    21. Phase Estimating uses the following system over the life cycle of the project

    Select one:

    a. None of the above

    b. Two-time system

    c. All of the above

    d. Three-time estimate

    e. One - time estimate


    22. The length of time required to recover the initial cash outlay on the project taking into account time value
    of money is called

    Select one:

    a. Return of Investment

    b. Discounted payback period

    c. Payback period

    d. Internal rate of return


    23. For a project, if Net Benefit cost ratio is greater than 0

    Select one:

    a. Accept the project

    b. Reject the project

    c. Postpone the project

    d. Indifferent
    24. Increase in unsecured loans and deposits will be tabulated under

    Select one:

    a. Disposition of Funds

    b. Sources of Funds

    c. None of the above

    d. All of the above


    25. The source of many estimating risks is

    Select one:

    a. Poorly defined requirements

    b. An inexperienced project manager

    c. Lack of management support during estimating

    d. All of the above

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