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Project Management BE|SEM-8 TOPPER’S SOLUTIONS In Search of Another Topper There are many existing paper solution avaliable in market, but Topper's Solution Is the one which students will always prefer if they refer...) Topper’s Solutions is not just paper solutions, it includes many other important questions which are important from examination point of view. Topper's Solutions are the solution written by the Toppers for the students to be the upcoming Topper of the Semester. thas been said that “Aetion Speaks Louder than Words” So Topper's Solutions Team works on same principle. Diagrammatic representation of answer is considered to be easy & quicker to understand. So ‘our major focus is on diagrams & representation how answers should be answered in examinations, Why Topper's Solutions: @ Point wise answers which are easy to understand & remember. Diagrammatic representation for better understanding 4 Additional important questions from university exams point of view. Covers almost every important question. @ In search of another topper. “Education is Free... But its Technology used & Efforts utilized which we charge” It takes lot of efforts for searching out each & every question and transforming it into Short & Simple Language. Entire Community is working out for betterment of students, do help us ‘Thanks for Purchasing & Best Luck for Exams In Association with BackkBenchers Community ---- BACKK BENCHERS Project Management BE|SEM-8 If you don’t have BIG DREAMS and GOALS, you'll end up working for someone who does. ‘Anonymous. Project Management BE|SEM-8 ‘Syllabus: = Module Details Contents T. | Project Management | Definition of a project, Project Vs Operations, Necessity of project Foundation management, Triple constraints, Project life cycles (typical & atypical) Project phases and stage gate process. Role of project manager, Negotiations and resolving conflicts, Project management in various ‘organization structures, PM knowledge areas as per Project Management Institute (PMI) 2 Initiating Projects | How to get 4 project started, Selecting project strategically, Project selection models (Numeric /Scoring Models and Non-numeric models), Project portfolio process, Project sponsor and creating charter; Project proposal. Effective project team, Stages of team development & growth (forming, storming, norming &performing), team dynamics. Project Planning and ‘Scheduling Work Breakdown structure (WBS) and linear responsibility chart, Interface Co-ordination and concurrent engineering, Project cost estimation and budgeting, Top down and bottoms up budgeting, Networking and Scheduling techniques. PERT, CPM, GANTT chart, Introduction to Project Management Information System (PMIS).. Planning Projects Crashing project time, Resource loading and levelling, Goldratt’s critica chain, Project Stakeholders and Communication plan Risk Management in projects: Risk management planning, Risk identification and risk register, Qualitative and quantitative risk assessment, Probability and impact matrix. Risk response strategies for positive and negative risks. Executing, Monitoring and Controlling Projects & Project Contracting 7. Executing Projects: Planning monitoring and controlling cycle, Information needs and reporting, engaging with all stakeholders of the projects, Team management, communication and project meetings 2. Monitoring and Controlling Projects: Earned Value Management techniques for measuring value of work completed; Using milestones for measurement; change requests and scope creep, Project audit 3. Project Contracting: Project procurement management, contracting and outsourcing Project Leadership, Ethies and Clesure T, Project Leadership and Ethics: Introduction to project leadership, ethics in projects, Multicultural and virtual projects. 2 Closing the Project: Customer acceptance; Reasons of project termination, Various types of project terminations (Extinction, Addition, Integration, Starvation), Process of project termination, completing a final report; doing a lessons learned analysis; acknowledging successes ‘and fallures; Project management ‘templates and other resources; Managing without authority; Areas of further study. Note: We have tried to cover almost every important question(s) listed in syllabus. If you feel any other question is important and i net cover in this solution then do mail the question on [email protected] or Whatsapp us on +91-9930038388 / +91-7507531198 Project Management www.BackkBenchers.com Copyright © 2016 - 2020 by Topper’s Solutions All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the publisher, addressed “Attention: Permissions Coordinator,” at the address below. Contact No: 7507531198 Email ID: [email protected] Website: www.ToppersSolutions.com Project Management www.BackkBenchers.com Multiple Choice Questions (MCQ) 1. Assembling project team and assigning their responsibilities are done during which phase of 2 project management? Initiation b. Planning . Execution 4. Closure 2. Aprocess that involves continuously improving and detailing a plan as more detail become available is termed as project analysis b. project enhancing . progressive deliberation d. progressive elaboration 3. Which from the following statements) is/are NOT true? Projects have defined objectives Il. Programs have a larger scope than projects lll The projects and pragrams in a portfolio must be directly related (A) only, (8) llonly {C)lLonly (0) and tl only 4. Projects management is divided in ___ process groups. as b7 <9 an 5. Ifanyone factor of a project changes, __other factor(s) is/are likely to be affected, all b. one c. atleast one 4, at most one Business Value = Tangible Elements b. Intangible Elements © Handcrafted by BackkBenchers Community Page lof 66 Project Management www.BackkBenchers.com 10. 1. 2 c. Tangible Elements - Intangible Elements 4. Tangible Elements + Intangible Elements Which from the following is NOT a tangible element? Fixtures u lemarks b. c. Monetary assets 4. Stockholder equity Which from the following represents the correct project cycle? PlanningsInitiating+Executing+Closing Plenning+Executing-Initiating+Closing Initiating» PlanningsExeeuting»Clesing Initiating» Executing+Planning»Closing The strategy used to correct resource over-allacations by balancing demand for resources available supply is known as @. resource assignment resource leveling resource splitting resource scheduling Which from the following is NOT an intangible element? a. Utility b. Public benefit, . Brand recognition 6. Good will Ahorizontal bar chart that shows project tasks against a calendar Is called milestone goal Cant chart PERT chart The statistical tool that depicts 2 project's tasks and the relationshios between those tasks Isknown as, milestone b. goal © Gantt chart o. PERT chart © Handcrafted by BackkBenchers Community Page 2 of 66 Project Management www.BackkBenchers.com 1B. The scope of the work is defined in which phase of the project management? a. Initiating b. Planning Executing Closing 14, How the project work will be carried out, monitored, and controlled? These questions are answered in which phase of the project management? a. Initiating b. Planning . Executing 4. Closing 15, _ The review of the successes and the mistakes is normally held during __ phase a. initiation b. planning . execution . closure 16. The business case and the justification for the project is determined during the ___ phase. as Taank b. planning execution closure 17. According to Olivier Mesiy, the 4 P's critical for the success of a project are: a. plan, processes, people, policy b. plan, processes, people, power ¢. plan, processes, potential, policy ©. pian, processes, potential, power 18. Which of these is not one of the constraints of a project? Scope b. Resources © Team d. Budget 18. Which of the following is not correct about initial phase of a project? a cost associated at the beginning of the proj highest. b. Stakeholders have maximum influence during this phase cc. The highest uncertainty Is at this stage of the project. © Handerafted by BackkBenchers Community Page 3 of 66 Project Management www.BackkBenchers.com 6. High-level decisions are made regarding why a project is needed 20. The project you are managing has nine stakeholders. How many channel of communications are there between these stakeholders? 9 8 48 36 ance 21. Which ef the following is not an example of formal communication? a Contract b. email Project status report 4. Status meeting 22. AProject with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? a. Cost Variance Management Overhead b. Management Contingency Reserve 6. Schedule Variance 23, Ifthe Earned Value is equal to Actual Cost, it means: Project is on budget and on schedule Schedule Variance Index is1 There is no schedule variance d. There is no cost variance 24. Which of the following is the most important element of Project Management Plan that is useful in HR Planning process: a. Risk Management activities b. Quality Assurance activities . Activity Resource requirements 6. Budget Control activities This of the following types of Organizational Charts can be BEST used to track project costs Hierarchical-type Organizational Chart b. Organizational Breakdown Structure ¢. Resource Breakdown Structure 9. Responsibility Assignment Matrix © Handcrafted by BackkBenchers Community Page 4 of 66 Project Management www.BackkBenchers.com 26. Which of the following is not true for a Responsibility Assignment Matrix (RAM): Defines what project team is responsible for each WBS. ‘Component Defines what project member is responsible for each activity ‘Text description of roles, responsibilities, authorities . Defines all people associated with each activity 2 27. Process Analysis is a function of a. Performance Analysis b. Quality Metrics ¢. Process Improvement Plan 6. Quality Improvement Plan 28. Root Cause Analysis relates to: a. Process Analysis b. Quality Audits Quality Control Measurements Performance Measurements 29. Aplanning phase for an engineering component generated 80 Engineering drawings. The QA team randomly selected 8 drawings for Inspection. This exercise can BEST be described as example of 2. Inspection b. statisti i Flowcharting 4. Control Charting 30, Andrew has joined as the Project Manager of a project. One of the Project documents available to Andrew lists down all the risks in a Hierarchical fashion. What is this document called? a. Risk Management Plan. b.List of risks. «Monte Carlo diagram. 4. Risk Breakdown Structure 31. During which stage of Risk planning are risks prioritized based on Probability and impact? a. Identify Risks b. Plan Risk responses ¢. Perform Qualitative risk analysis . Perform Quantitative risk analysis 32. Activity Definition is typically performed by which of the following a. Project Manager who created the WBS © Handerafted by BackkBenchers Community Page 5 of 66 Project Management www.BackkBenchers.com 33, 34, 36. 37, 38. b. Project Team Members responsible for the work package Project Officer 6. Project Stakeholder Which of the following does NOT generate changes to the Project Documents: a. Define Activities b. Sequence Activities c. Estimate Acthity Resources 6. Estimate Activity Durations Which of the following may generate a milestone list: a Define Activities b. Sequence Activities Estimate Activity Resources Estimate Activity Durations Aschedule activity may begin 10 days before the predecessor activity finishes. This is an example of: a. Finish-to-Start b. Start-to-Finish Start-to-Start Finish-to-Finish Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress, 3. Conduct Procurements b. Plan Procurements Control Procurements Close Procurements ‘The process of Control Procurements falls under which process group a Planning b. Closing Monitoring and control 6. Executing A__ isa set of activities which are networked in an order and aimed towards achieving the goals of a project. a. Project b. Process Project management © Handcrafted by BackkBenchers Community Page 6 of 66 Project Management www.BackkBenchers.com . Project cycle 39. Approfessional organization for project management specialists Is the a. PML b. AMA MIS . IPM fe. PMBOK 40. The advent of project management has been most profound in a. Automobile manufacturing b. Construction ¢. Information technology d. The US. Department of Defense fe. Film making 41 Aprofessional organization for project management specialists is the a. PML bh. AMA, c MIS 6. IPM @. PMBOK 42. Which of the following is not considered to be a characteristic of a project? a. Anestablished objective b. Aclear beginning and end c. Complex tasks 4. Only for internal use fe. Never been done before 43. Which of the following activities is not considered a project? @ Developing a new software program b. Designing a space station Preparing the site for the Olympic Games d. Production of automobile tires Developing a new advertising program 44, Fromamong the following activities, which is the best example of a project? @ Processing insurance claims b. Producing automobiles Writing aterm paper © Handcrafted by BackkBenchers Community Page 7 of 66 Project Management www.BackkBenchers.com 4. Completing 2 college degree fe. Allofthese are good examples of projects 45. Which of the following constraints is not typically found in managing projects? Time People Cost Performance 46. Which of the following choices is not one of the stages of a project life cycle? 2. Conceptualizing Defining Planning Executing Delivering 47. |p which of the following stages are project objectives established, teams formed, and major responsibilities assigned? & Conceptualizing b. Defining Planning 4. Executing Delivering 48. In which of the following stages is a major portion of the physical and mental project work performed? a. Conceptualizing Defining Planning Executing Delivering ep ane 49. In which of the following stages are you more likely to find status reports, many changes, and the creation of forecasts? @ Conceptualizing b. Defining © Planning d. Executing Delivering © Handerafted by BackkBenchers Community Page 8 of 66 Project Management www.BackkBenchers.com 50. Which of the following characteristics Is not typical of a project manager? @ Managing a temporary activity b. Possesses in-depth technical knowledge Managing a non-repetitive activity Manages independently of the formal organization @. Provides a direct link to the customer 51. Which of the following choices is not one of the driving forces behind the increasing demand for project management? a. Compression of the product life cycle b. Knowledge explosion . Development of third world and closed economies d. More emphasis on the product and less on the customer e. Corporate downsizing 52, Project management is ideally suited for a business environment requiring all of the following except a Accountability b. Flexibility Innovation 3. Speed ¢. Repeatability 53, The decision to request an increase the resources for a project is the responsibility of the: Functional manager b. Project manager Director of project management . Customer 54, In which of the following project phases is the project schedule developed? a Conceptual b. Planning Implementation &. Design’ 55, Te crash a schedule you should: Increase the time allowed on those tasks that have float. b. Try te increase expenditures of time only those tasks that are behind schedule. Replace those worker that are not performing up to par with the busy. d. Increase work efforts on those tasks that are on the critical path, © Handerafted by BackkBenchers Community Page 9 of 66 Project Management www.BackkBenchers.com 56. The project scope statement furnishes the basis for: a. The project scope statement furnishes the basis for: b. Provides links to the clients functional management groups Allowing the project to move to the next phase Away to provide updated information to the accounting department 57. Which of the following is NOT one of the primary needs for good project scheduling? Cutting costs and reducing time b. Decreasing the time required for decision making Eliminating idle time 4. Developing better trouble shooting procedures. 58. The time necessary to complete a project is referred to as: a Implementation time b. Life cycle Operations cycle Production cycle 59. The successful project managers spend most of their time: a Planning with their personnel b. Planning with the top management ¢: Communication with the project team 4. Studying project results. 60. Resource leveling attempts to: a. Reduce resource requirements by smoothing out period-to period resource assignments. b. Ensure that the budget abnormalities are overcome. cc. Reduce the amount of resources so that they can be shared with on other endeavors. 4. Increase the amount of the project manager's authority so that budget dollars can be appropriates. 61. Aprerequisite of effective time management is: a. Knowing the dictated project completion date Having the most advanced software package for project planning, scheduling and control c. Having a good project WBS which identifies the major project deliverables and tasks, and the person responsible for each of them 6. Having a well-staffed scheduling department 62. Which type of project cost estimate is the most accurate? a Preliminary b. Definitive © Handerafted by BackkBenchers Community Page 10 of 66 Project Management www.BackkBenchers.com c. Order of magnitude 4. Conceptual 63. To assist in budget control, itis suggested that the estimate accur at the____level of the. wes a. Highest b. Lowest c. Major work effort 6. Third 64. Cost Varlance (CV) Is which of the following equations? a. CV=BCWP-BCWS b. BCWP -AcWP. sv/Bcws sy 65. Cost budgeting can be best described by which of the following? @ The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project b. The process of assembling and predicting costs of a project over Its life cycle ¢. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed G. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on: going basis 66, Project initiation is the _ phase of the project management life cycle First b. Second © Third 4. Four 67. Project sponsor is a___ or __ that is in charge of driving the project towards directions that will bring the project to successful realization of expected benefits a. Person,organization. b. Peopleproduct Product,company 4. Company,doctor © Handcrafted by BackkBenchers Community Page Nl of 66 Project Management www.BackkBenchers.com 68. What does a Work Breakdown Structure (WBS) “break down?” 2. Project deliverables are broken down into tasks and activities, b. Project costs are broken down into the departments where they are charged. ¢. The structural elements of the project facility and equipment are broken down for inventory and tracking purposes 4. Projects broke into windows. 69. Why would a project manager choose to change @ Work Breakdown Structure (WBS) from the standard template provided within the project management methodology? 2. The project manager should not alter the WBS structure. . The project manager would change the WBS to facilitate the use of new project management software, © 1. The project manager should not delete the WBS structure. 70. Whats the principle to be used when deciding how many levels deep a Work Breakdown Structure (WBS) should be “broken down’ to? 2. Use the WBS breakdown provided with the WBS template in the project management methodology. That is the correct level for each task, b ishow {i i : i managing and reporting on during project meetings. . Break down all tasks and activities within the WBS to tasks of no more than 8 hours of duration 0 that a task or activity will havea status update every day. 4. Breakdown all windows and schedule in WBS to the template. Tl. The probability of completing the project can be estimated based upon the a. Uniform distribution curve b, Normal distribution curve. ¢. U-shaped distribution curve 4. None of the above 72. Inthe intial stage of the project the probability of completing the project is__ 2 Zero b. High . Henry Gantt Jane Gantt 6 Joseph henry The full form of PERT is @. Program Evaluation and Rate Technology b. Program Evaluation and Robot Technique ¢. Program Evaluation and Robot Technology ©. Program Evaluation and Review Technique The full form of CPM is 2. Critical Path Method b. Control Path Method . Critical Plan Management 4. Control Path Management in bar charts, which color is used to show the actual progress? Red Black Blue Green are used to represent activity in a network diagram, Cire Squares, Rectangles Arrow ‘The shortest possible time in which an activity can be achieved under ideal a. Pessimistic time estimate b. Optimistic time estimate c. Expected time estimate © Handerafted by BackkBenchers Community Page 16 of 66 Project Management www.BackkBenchers.com 6. The most likely time estimate 99. According to the time estimates made by the PERT planners, the maximum time that would be Needed to complete an activity is called as 2. The most likely time estimate b. Optimistic time estimate c. Pessimistic time estimate 6. Expected time estimate 100. The aifference between the maximum time available and the actual time needed to perform an activity is known as @ Free float b. Independent float c. Total float 6. Half float 101. Gantt charts are used for a. Forecasting sales b, Production schedule Scheduling and routing 4. Linear programming 102. What isa PMIS? 3. Primary Management Incentive System b. Property Management Information System ¢. Project Management Information System . Project Management Incentive System 103. Which of the following is not project management goal? a. Keeping overall costs within budget b._ Delivering the software to the customer at the agreed time Maintaining a happy and well-functioning development team ©. Aveiding customer complaints 104. Which of the following is not considered as a risk in project management? a. Specification delays b. Product competition ¢. Testing 6. Staffturnover © Handcrafted by BackkBenchers Community Page 17 of 66 Project Management www.BackkBenchers.com 105, 106. 107, 108. 109, no. m, ‘The process each manager follows during the life of a project is known as Project Management Manager life cycle ¢. Project Management Life Cycle 6. Process Life cycle A.66.6% risk Is considered as very low b. low moderate 4. high Quality planning is the process of developing a quality plan for a team b. project customers project manager Which ofthe following is incorrect activity for the configuration management ofa software system? a. Internship management b. Change management ©. Version management 4. System management Interface coordination is the task of. a Managing b. Planning €. Coordinating 4. Analyzing work across multiple groups. The objective of the interface management process is to guarantee the proper functioning of a system composed of many interfacing Small system b. Big system System d. sub-systems Project scheduling is @ mechanism to what tasks need to get done and which organizational resources will be to complete those tasks in what timeframe. a. Communicate, allocated b. Managingallocating © Handerafted by BackkBenchers Community Page 18 of 66 Project Management www.BackkBenchers.com c. Analyzing Allocataed 4. Monitoringallocated 112. Alinear responsibility chart establishes a clear structure that what. 2. Allocatedelete b. Analyzeupaate c. Assigns, keeps 6. Assign.clear and ____track of who is doing 113. Which stakeholder as given here is external to an organisation? a Procurement b. Data owner ¢. Supplier 6. Service desk 114, Which stakeholder as given here has the minimum interest in the project? & Antagonist b. Neutral Champion d. Stoic TIS._ Ian organisation has to send an escalation message about 2 project, which document will you refer? a. Stakeholder management plan b. Communications management plan ©. Stakeholder register 6. Risk register 116.4. Which of the following is not an input to manage stakeholder engagement process? a. Issue log b. Stakeholder management plan Organizational process assets Communications management plan 117, Astakeholder with high power and high urgency is Dependent b. Dominant Demanding O. Dangerous © Handerafted by BackkBenchers Community Page 19 of 66 Project Management www.BackkBenchers.com Ta. While auditing stakeholder analysis, auditors look for: a. Migration channels b. Job-enrichment channels . Communication channels d. Reporting channels 119, There are four quadrants in the power-interest grid. The minimum engagement effort should be applied to which stakeholders? a. Stakeholders in the bottom-left quadrant b. Stakeholders in the top-left quadrant Stakeholders in the bottom-right quadrant Stakeholders in the top-right quadrant 120. Astakeholder with a high urgency: 2. Can impose his will on project decisions b. Is authorized to release the budget Will naturally be considered as an authorized party by the project team. 4. Will expect an immediate response to his change request 121. Of the following stakeholders, which group's concerns will a company address first on priority? Demanding stakeholders b. Dormant stakeholders c. Dependent stakeholders ©. Discretionary stakeholders 122. Which communication method is best for discussing a project issue with a core stakeholder? a, Face to face meeting b. Email Website news Meme on business letter head 123. What do you look for while auditing stakeholder analysis? In channels Types of communicati Representation of stakeholders in engagement channels, ¢. Existing stakeholder challenges 6. Collection of stakeholder information 124, What are the five levels of a stakeholder in the stakeholder engagement matrix? 2, Unaware, resistant, neutral, supportive, leading b. Ignorant, antagonistic, stoic, supportive, aggressive © Handcrafted by BackkBenchers Community Page 20 of 66 Project Management www.BackkBenchers.com 125, 126. 127. 128, oe) 130, Dormant, dangerous, neutral, dependent, dominant 4. Oblivious, resilient, impartial, loyal, leading Which of the following is the key input in the control stakeholder engagement process? 2. Work performance data b. Work breakciown structure Risk management plan d. Change log Asenior manager who owns and secures the finance of the project is known as: 2. Project sponsor b. Project auditor . Project manager 4. Government body Which of the following components is not part of the project scope baseline? 2, Scope management plan b. Scope statement wes, WBSdictionary You want to fing out howa project deliverable will fulfill a particular requirement. Which field should you look up in the RTM? a. WES b ID AssociatelD Project objectives parameter refer to the actual project work campleted till date a. Planned Value b. Earned Value Actual Cost . Schedule Variance ‘The Requirement Treceability Matrix (RTM) is used to, each requirement over the project life cycle from the project initiation to testing, a trace b. define manage 6. detect © Handerafted by BackkBenchers Community Page 21of 66 Project Management www.BackkBenchers.com 3. process must be enforced for controlling the scope changes. a Scope validation b. Scope measurement Scope verification 6. Scope mitigation 182, The act of spontaneously increasing the quality level of a project deliverable more than the initially agreed level is called 2. gold-plating b. quality scope change silver-plating initial quality revision 133, What do you need to measure the completion of project scope? @ Project management plan b. Scope management pian ¢. WBS and WBS dictionary 4d. Business case 134, Which of the following is not an input to control the scope process? 3. Project charter b. Project management plan Requirements documentation 6. Requirements traceability matrix 135. 23, Work performance information is an output of which of the following processes? @. Define scope process b. Create scope process ©. Validate scope process 6. Control scope process 136. To control project scope, what should the project manager use? Inspection b. Expert judgment Variance analysis 4. Delphi analysis BT. After the second release of project deliverables, some clients and stakeholders complain that certain features of the deliverables do net provide any business value, How will you confirm te your customers that the features of the deliverables are directly related to their specifically expressed requirements? © Handerafted by BackkBenchers Community Page 22 of 66 Project Management www.BackkBenchers.com @ Requirements documentation b. Requirements traceability matrix c. Project scope statement 4d. Scope management plan 188. Which of the following is not an outout of the control scope process? ‘&. Work performance information b. Project decuments update ¢. Accepted deliverables 6. Change requests 139. f the CPI is greater than J, then the project is stated to be: @ Behind schedule b. Ahead of schedule c. Over-pudget 6. Under-budget 140. Which parameters do you use to calculate SPI? a. Earned value and actual cost b. Earned value and planned value . Schedule variance and actual cost 6. Actual cost only 141. Whien technique is used to evaluate the difference between an estimated amount and the actual amount? a. Variance analysis b. Activity-based costing c. Master budgeting 4. Cost performance index 142. Which of the following may cause a variance in project performance? @ Maintained project scope b. Market factors cc. Adequate resources 6. Accurate estimates 143. The first part of project communication is a, to plan communication management b. toverify the depth of necessity of communication management . principles and rules of communication management 4. people required to develop the communication plan, © Handerafted by BackkBenchers Community Page 23 of 66 Project Management www.BackkBenchers.com 144, Which of the below statements Is true about project communication? Develops and maintains inconsistency between reality and perception, Cannot include jargons, if every stakeholder understands them. Itis an alternative to status meetings. 4. itis an amalgam of individual languages related to multi-disciplines 145. You are handling a complex project that involves multiple stakeholders. You want that anyone reading your PCM plan is able to understand clearly what needs to be done in what situation. Which element below will help you in that? 2, Communication flowchart b. Communication channel ‘Communication technology 4. Project directory 146. The items that are not in the meeting agenda, but those that merit further discussion later are placed in a parking area b. parking lot cc. TBD items 6. TBD lot 147. If you are handling a team of 23 people, then how many communication channels should you provide for the project? awe b. 265 © 20 4. 253 148. A requirement about the project has changed its scope. You want to knaw inputs from your team members on now you can mest the bigger scope in the same deadline. You are particularly interested in knowing the viewpoints of fresh members of your team, Which communication tool should you use? a Email b. Discussion board Chat tool 6. Project board 149. Which ef the following is an input to the communication control process? Project management update plans b._ Change requests © Handerafted by BackkBenchers Community Page 24 of 66 Project Management www.BackkBenchers.com ¢. Project communication d. Work performance information 150. What can be a challenge in project communication? Your client wants the project to be delivered in time, and your vendor is interested in completing his part earlier so that he can work on another project b. Your project sponser and you have the same idea about the project communication goals. ¢. Some specialists that are engaged in troubleshooting are based in the East Coast time zone, USA, whereas the rest of the time is working in Delhi, 6. You area soft-spoken, but a precise and empathetic communicator. 151. You have taken over a new project. You want to understand the meeting reporting format and timelines, and who should be invited in which meeting. From which document will you get this, information? a Stakeholder register b. Meeting management plan Stakeholder management plan 4. Communication management plan 152, 40. Which among the following contains information regarding means & frequency of communication to the parties both inside and outside the project? 2. Communication management approach b. Stakeholder register Meeting management olan None of these 153. You are having a problem with a team member to get the work done on time. How should you address this problem initially? a, Informal chat in person b. Formal warning in person Informal chat message written 4. Formal email sent 154, To improve PCM, you must do all the following except: 3. Use outside experts to provide inputs on communication management . Increase communication tools as the size of the time increases Use templates to prepare formal communication documents 4. stakeholders © Handcrafted by BackkBenchers Community Page 25 of 66 Project Management www.BackkBenchers.com 155. Your can be a challenge In communicating effectively to your project team. Chose the correct answer out of the following options: a. Role b. Style c. Stakeholder 4. Project 156. Which of the following is an output of communication control? 2. Information management system b. Change request Project communication Work performance data 157. You have taken over a new project and want to find about the regular progress of the project done s0 far. Which among the following communication tolls should you use? a. Weekly status reports b. Emails Discussion board 4. Document depository 158, Technical design meetings should ideally be conducted: 2. In weekly conference call b. Face-to-face once ina month ©. Video calls daily 4. Face:tonface as required 159, 47. Their role is to accept the final deliverable of the project. Therefore, they must be regularly consulted during prototype review, design approval, implementation, and acceptance of final deliverable stages. Whose role has been discussed here? 3 Customer b. Project manager Project sponsor 6. Steering committee 160. Which is the last step of the project communication process? a. Planning communication management b. Tracking communication Managing communication ._Directing communication © Handerafted by BackkBenchers Community Page 26 of 66 Project Management www.BackkBenchers.com 161. In controlling project costs, managers compare the actual costs of work performed against which ‘among the following options? a. Project management plan b. Scope baseline ¢. Cost baseline 4. Stakeholder management plan 162. Which of the following processes belongs to the monitoring and controlling process group? 2. Control costs b. Plan cost management Estimate costs 4. Develop budget 163. What is (%6 completed work) « (Budget at completion}? 2. Planned value b. Earned value Actual cost a Cost variance 164, All the following are outputs of the cost control process except: 2. Work performance data b. Work performance information Cost forecasts Change requests 165. Which of the following metric represents the cost forecasts? a BAC b. SPI aw 4. EAC 166. The main parameters of the EVM technique are all of the following except: a. Quality value b. Earned value Planned value 4. Actual cost © Handerafted by BackkBenchers Community Page 27 of 66 Project Management www.BackkBenchers.com 167. Areason for performing the control costs process in your project isto: Find funding sources b. Increase consumption Allow budget overrun 4. Prevent fraud 168. What input is used in the control costs process? Choose the correct option. 2. Schedule baseline b. Scope baseline ¢. Work performance data 4. Schedule management olen 169. Which of the following methods is not used for controlling project costs? a. Reserve analysis 'b. Iteration burn down chart Performance reviews Project Management Software 170. All of the following cost management processes belang to the planning process group except: 2, Control cost b. Determine budget Estimate costs Plan cost management 17. Which among the following Is an output from the plan cost management process and used as an input of the control costs process? a. Cost basel e b. Project funding requirements Work performance data 4. Cost management plan 172. Ifthe CPI of a project is 0, then the project is: a. Tothe budget b. Under the budget Over the budget 4. Itcannot be 0 © Handcrafted by BackkBenchers Community Page 28 of 66 Project Management www.BackkBenchers.com 173. What EVM parameter from the option will complete the following equation? ETC = EAC a PV b. Ac eV Tel 174, The budget of a |-year project is $10,000. After 6 months, $4,000 is spent on the project, but 50% of the work is completed, What is the value earned on the work completed so far? a $10,000 b. $4000 ¢. $2000 6. $1800 175, Ifthe CV of the project is more than 0, then the project is _. Choose the correct option @ tothe budget b. under the budget . over the budget 4. Itcannot be 0 176, Which among the following is the future performance of the project that a manger must meet to complete the project within the approved budget? a CPL b PV © TPCl 0 177. The TCP indicates which of the following? a. The future performance of the project b. The past performance of the project ‘The current performance of the project No relation with the project performance 178. |f the TCPI of a project is 125, then what does it mean? You must consider recalculating the TCPl b. You can continue with the same cost performance, c. You are in a comfortable position with respect to the project cost performance. d. You must improve the cost performance, © Handerafted by BackkBenchers Community Page 29 of 66 Project Management www.BackkBenchers.com 179. Which among the following document Is not updated as a result of the control costs process? a. Assumption log b. Cost management plan Cost baseline Change request 180, Budget at Completion - Estimate at Completion = ? Tick the correct option. a. Estimate to Complete b. Variance at Completion ¢. TCPI based on BAC 4. TCPI based on EAC 181. Which among the following is the smallest unit of work to which a project activity is decomposed? @ Cost management plan b. Cost baseline c. Work packages 4d. Change request: 182. You are preparing for a major exam. To plan for the risk of falling ill during exam preparation, you take vaccination for the most contagious diseases and avold eating from outside. However, you can still be exposed to other less common diseases. What is this risk called? a. Primary risk b. Unknown risk ¢. Residual risk 6. Secondary risk 183. A vaccine that you have taken causes a side effect of fatigue. You have to consult your doctor to remove that, What is this risk called? a. Known tisk b. Secondary risk Residual risk 4, Primary tisk 184, All of the following are inputs of the risk monitoring process, except: a Risk management pian b. Risk register c. Issue log ©. Enterprise environmental factors © Handerafted by BackkBenchers Community Page 30 of 66 Project Management www.BackkBenchers.com 185. Which method is used for risk monitoring? a. Risk review meetings b. SWOTanalysis Delphi technique Checklist analysis 186, All of the following inputs are needed to perform risk control. However, which input is mandatory as without it the process cannot happen at all? a. Project management plan b. Work performance data c. Work performance data 4. Risk register 187. If managers are unable to handle a threat on their own, then they: a Avoidit b. Accept it . Escalate it 6. Enhance it 188, If an opportunity is too important to miss, managers: a. Exploit it b. Escalate it c. Shareit 6. Accept it 189. There is a chance that one of your team members may go on leave during the peak time of your project. To manage this risk, you plan to bring in another identified personnel in your project. What type of risk is this? a. Known tisk b. Unknown risk . Residual risk 6. Secondary risk 190. Managers are allowed to spend a maximum of $10,000 to manage risks in project. Anything more than that is not acceptable. This budget is called: a Estimated cost b. Cost overruns Contingency reserve 6. Planned value © Handcrafted by BackkBenchers Community Page 31 of 66 Project Management www.BackkBenchers.com 191. Movement of clouds can be a for rainfall Risk threshold Risk trigger Residual risk eo ge Risk tolerance 192. You are constructing @ bullding. For security purpose, you have installed an electrical wire at the top of the boundary wall. However, if someone accidentally touches the electrical wire, then ‘that person will get an electric shock. This is an example of Known risk b. Unidentified risk ¢. Secondary risk 6. Residual risk 193. You have planned for a critical meeting during the monsoon season in Mumbai. However, due to heavy rainfall, you end up meeting remotely. This is an example of @ Residual risk b. Secondary risk New risk ‘Actual risk 194, Which of the following is an output of monitoring risk process? 2. Stakeholder management plan b. Work performance data ©. Work performance information 4. Work performance reports 195. Which project document must you always update after implementing a risk response to control the risk? a. Assumptions log b. Risk register Issues log 4. Work performance report 196. All the following methods are used for monitoring risks except: a. Reserve analysis b. Technical performance analysis cc. Risk audits d. Riskreassessment © Handcrafted by BackkBenchers Community Page 32of 66 Project Management www.BackkBenchers.com 197. Yousee an opportunity in your project that is too good te miss. You leave no stone unturned to make sure that it does happen. Here, you are: a Accepting the opportunity b. Mitigating the opportunity ¢. Exploiting the opportunity . Enhancing the opportunity 198, Astrategic alliance with another company to capture a new mark a. Enhance b. Exploit Escalate Is which type of risk response? Accept 199. If managers want to reduce the severity of a negative risk if it occurs, then which response should they choose? a. Accept b. Avoid Mitigate 4. Share 200. Which method ensures the quality of the risk management process? a. Risk audit b. Risk ressessment c. Trend analysis 4. Variance analysis 201. Which among the following requires a set of activities networked in an order and almed towards accomplishing the goals of a project? a. Project b. Process Project management d. Project cycle 202. The process of initiating a technology comes under which one? @ Process b. Project, ©. Scope 6. Execution © Handcrafted by BackkBenchers Community Page 33 of 66 Project Management www.BackkBenchers.com 203. The major issue faced by project management is a. to manage the constraints of time b, to achieve all the project objectives cto produce a unique product , to bring about a beneficial change 204, The minutes of the meeting help action plan for the project. Choose the correct option a Plan b. Manage ©. Summarise d. Implement on the accountability and identify the follow-up 205. Which of the following methods consists of the application of knowledge, skills, tools and techniques to project activities to achieve project requirements? a Planning b. Time management ¢. Project management 4d. Marketing management 208. How should @ project manager ensure clear boundaries for project completion? a Scope verification b. Risk management plan . Scope definition d. Completing the scope statement 207. How can the project manager ensure that the total work in the project is included? Create a risk management plan Create a contingency pian Create a Work Breakdown Structure Create a scope statement 208. The main goal of project delivery management is to complete the project, Choose the correct option. 2. with the data provided b. ontime with risk management plan 4. for the project delivery © Handerafted by BackkBenchers Community Page 34 of 66 Project Management www.BackkBenchers.com 209. The success of the project is mainly dependent on the Who are working to execute it. Which among the following is correct? 2. managers b, stakeholders &. clients 4. people 210. The validity of assessing the benefits is using the method of which would comply with the benefits with parameters. Which among the following is correct? a. Cost benefit analysis b, SMART test c. Brainstorming 6. Mapping 211. In which of the following are the benefits an important aspect of the initiation phase of the project. life cycle? a. Identifying b. Implementing Utilising 4d. Mapping 212. Who is responsible for the process of implementing the changes and realisation of benefits? Choose the correct option, @ Sponsor b. Stakeholder cc. Client 4. Project manager 213. Project Risk Management includes all of the following processes except: Risk Monitoring and Control Risk Identification Risk Avoidance Risk Response Planning Risk Management Planning 214. Using the PMBOK definition of contingency reserve, which of the following statements about contingency reserves is false? Accontingeney reserve is a separately planned quantity used to allow for future situations which may be planned for only In part. b. Contingency reserves may be set aside for known unknowns © Contingency reserves may be set aside for unknown unknowns © Handerafted by BackkBenchers Community Page 35 of 66 Project Management www.BackkBenchers.com 6. Contingeney reserves are normally included in the project's cast and schedule baselines 21S. Which of the following is not a tool or technique used during the Risk Quantification Process? a. Expected monetary value b. Contingency planning Decision Trees Statistical sums Allof the above are tools and techniques of Risk Quantification 216. Which of the following is true about pure risk? ‘a. The risk can be deflected or transferred to another party through a contract or insurance policy b. Pure risks Involve the chance of both a profit and a loss. c. No opportunities are associated with pure risk, only losses 4. aande e aandb 217. Acontingency plan is ‘Aworkaround A reserve used to allow for future situations which may be planned for only in part aande aandb 218. The normal risk of doing business that carries opportunities for both gain and loss is called: @. favorable risk b. opportunity risk pure risk d. business risk 219. Arisk response which involves eliminating 2 threat is called: a. Mitigation b. Deflection ¢. Avoidance @. Transfer e bandd 220. Deflection or transfer of a risk to another party is part of which of the following risk response categories? a. Mitigation b. Acceptance Avoidance © Handcrafted by BackkBenchers Community Page 36 of 66 Project Management www.BackkBenchers.com 6. Analysis 22). When should risk identification be performed? (select best answer) During Concept Phase b. During Development Phase During Implementation Phase 4. Risk identification should be performed on a regular basis throughout the project 222. Which of the following statements is false? a. Uncertainty and risk are greatest at the start of the project and lowest at the end b. The amount at stake is lowest at the end of the project and greatest at the start c. Expected monetary value can be expressed as the product of the risk event probability and the risk event value 4. Opportunities are positive outcomes of risk 223. Acontingency plan is executed when: a. Ariskis identified b. Anidentified risk occurs: ‘When a workaround is needed All of the above e bande 224. Management reserves are used to handle which type of risk? 3. Known unknowns b. Unknown unknowns business risks pure risks 225. Which of the following techniques accounts for path convergence and generally estimates project. durations more accurately? a CPM b. PERT ¢. Schedule simulation . Path convergence method 226. When should a risk be avoided? ‘When the risk event has a low probability of occurrence and low impact b. When the risk event is unacceptable -- generally one with a very high probability of eccurrence and high impact c. When it can be transterred by purchasing insurance 6. Arisk event can never be avoided © Handcrafted by BackkBenchers Community Page 37 of 66 Project Management www.BackkBenchers.com 227. Risk management Is responsibility of the: Customer b. Investor © Developer d. Project team Production team 228. The independence of two events in which the occurrence of one Is not related to the eccurrence of the other is called: event phenomenon b. Independent probability ¢. statistical independence 4. statistical probability 229, The one document that should always be used to help identify risk is the: Risk Management Plan wes Scope Statement Project Charter Contingeney Plan poo ge 230. Risks are accepted when: a You develop a contingency plan to execute should the risk event occur b. You accept the consequences of the risk You transfer the risk to another party 9. You reduce the probability of the risk event occurring @ aandb 231. An example of risk mitigation is: Using proven technology in the development of 2 product to lessen the probability that the product will not work Purchasing insurance Eliminating the cause of ¢ risk d. Accepting a lower profit if costs overrun e aandb b. 232. Aprocess that is not part of Project Risk Management is a. Identification b. Solicitation ¢. Qualitative and Quentitative Analysis d._ Response Development © Handcrafted by BackkBenchers Community Page 38 of 66 Project Management www.BackkBenchers.com @. Monitoring and Control 233. A.response to negative risk event Is known as a: a Work item b. Work package Workaround 6. Work breakdown structure 234, Who Is responsible for risk identification, risk quantification, risk response development, risk response control? a. Project Communications Management b. Project Human Resource Management ¢. Project Procurement Management . Project Risk Management . None of the above 235. RE represents what? Risk Expense b. Related Expense ¢. Risk Exposure 4. Risk Evaluation 236. When summing the probability distributions if the distributions are skewed to the __ the project mean will always be significantly higher than the sum of the most likely estimates. a Right b. Left c. Middle 6. Not skewed 237. By using Project Risk Management techniques project managers can develap strategies that do all but which of the following: a. Significantly reduce project risks b. Eliminate project risks Provide a rational basis for better decision making 6. Identifying risks, their impact{s), and any appropriate responses 238, Which phase of the project life cycle typically has the highest uncertainty and risk assoctated with it? 3. Concept b. Development ©. Execution © Handerafted by BackkBenchers Community Page 39 of 66 Project Management www.BackkBenchers.com 4. Conclusion 239. Risks classified as unknown (Le, those which cannot be identified or evaluated): 2 Should be deflected to the contracting officer b. Should be handled via contingency allowances Should be ignored since they cannot be identified 6. Should be ignored, since they are not covered in the Project Risk Assessment 240. Risks can be divided into two basic types: business risk and pure (or insurable risk), Of the following, which one(s) fall(s) under business risk? a. Liability Loss b. Direct property loss ¢. Profit loss 4. Personnel-related loss 241. Deflection involves the transfer of risk by such means as: @. Contracting out to another party b. Developing schedule alternatives Developing discrete organizational functions under the project manager to handle risk events Disaster planning and responses 242. Risk mitigation involves all but which of the following: 2. Developing system standards (policies, procedures, responsibility standards) b. Obtaining insurance against loss 2 ificati ject ri . Performing contingent pianning @. Developing planning alternatives 243. Risk event probability is determined as: a. The total number of possible events divided inte the expectation or frequency of the risk event b. The number of times the risk event may occur ‘The fraction of the total project tasks which may be affected by the risk event ‘The total number of possible events divided into the consequences of the risk event 244, In performing an impact analysis the most effective tool to ensure all risks are identified on large projects is the: a. Work breakdown structure b. Milestone review and schedule technique Cost / schedule Control system Planning programming budget system © Handerafted by BackkBenchers Community Page 40 of 66 Project Management www.BackkBenchers.com 245. During which phase of the project life cycle is the amount at stake lowest? a. Concept b. Development Execution Conelusion 246. The single point standard deviations are 3, 5, 10, and 3 for the critical path. What is the standara Geviation for the entire path? aa b. 2 1s 55 €. impossible to determine without optimistic and pessimistic estimates 247. Mitigating risk could! involve a, identifying risks, obtaining insurance and developing alternatives. b. contracting and quality assurance developing standards, buying insurance, and planning for contingencies and alternatives re-scoping the project and reassessing requirements 248. Final risk quantification and modeling normally considers the impacts of all risks except possibly those due to a. producibilty reliability affordability acceptability operability eaos 249. Risk management is defined as the art and science of _____risk factors throughout the life cycle of a project. researching, reviewing, and acting on identifying, analyzing, and responding to reviewing, monitoring, and managing identifying, reviewing, and avoiding analyzing, changing, and suppressing poeopge 250. Project risk Is defined as the cumulative effect of the chances of that will adversely affect project objectives. a. likely events b. complex activities complex schedules © Handerafted by BackkBenchers Community Page 41 of 66 Project Management www.BackkBenchers.com d. uncertain occurrences @ new work 251, The three factors that characterize project risk are. a. severity of impact, duration of impact, and cost of impact b. Identification, type of risk category, and probability of impact ¢. risk event, risk probability, and the amount at stake 6. occurrence, frequency, and cost . cost, schedule, and quality 252. Risk event is the precise description of what might happen to the of the project. a manager b. detriment schedule budget fe length 253. In the risk management context, mitigation and deflection are moth means of the risk to the objectives. @ Improving; client's b. increasing: project's cc. decreasing; sponsor's 4d. decreasing: project's . decreasing; corporation's 254, Contingency planning is a means to risks to the project through a formal process and provide the resources to meet the risk events, a. address classify assign resolve eliminate 255. Asa tester which of the following will come under product risk if you are testing an e-commerce website? a. Shortage of testers b. Many changes in SRS that caused changes in test cases ¢. Delayin fixing defects by development team 4. Failure to transfer a user to secure gateway while paying © Handcrafted by BackkBenchers Community Page 42 of 66 Project Management www.BackkBenchers.com 256, What is associated with product risk? Control of test item b. Negative consequences Non-availability of test environment d. Test object 257. After deployment of a system, a software is incorrectly performing one of its major functionality. Who Is going to determine how badly it will hamper the organization? (QA personnel b. Developer . Technical people d. Business analyst 258. What is risk? a. Negative consequence that could occur b. Negative consequence that will occur c. Negative consequence that must occur 6. Negative consequence that shall occur 259, What is the process of incorporating changes and rescheduling or replanning called? a Resource allocation b. Resource smoothing Resource levelling 4. Updating 260. In resources levelling Total duration of project is reduced b. Total duration of project is increased ¢. Uniform demand of resources is achieved 4. Cost of project is controlled 261. The critical path method has a few inherent drawbacks: Unlimited Resources Float Misuse Activity Completion Gain/Loss . Student syndrome 262. Critical chain management has three buffers, These buffers are: a. Project Buffer, Feeding Buffer, Resource Buffer b. Project Buffer, Function Buffer, Resource Buffer . Problem Buffer, Feeding Buffer, Random Buffer © Handcrafted by BackkBenchers Community Page 43 of 66 Project Management www.BackkBenchers.com 6. Project Buffer, Feeding Buffer, Random Buffer 263. Which of the option is not a notable challenge while scheduling a project? @ Deadlines exist. b. Independent activities. Too many workers may be required Costly delay 264, The particular task performance in CPM is known a. Dummy b. Event c. Activity 6. Contract 265, The earliest start time rule ‘a. Compares the activities starting time for an activity successor. b. Compares the activities end time for an activity predecessor. c. Directs when a project can start. 4. Regulates when a project must begin, 266. The critical path Isa path that operates from the starting node to the end node Isa mixture of all paths. b. ¢. Isthe longest path 4. Isthe shortest path 267. Which of the following are items to consider during stakeholder management 2. Over deliver on expectations b. Communicate the same to every stakeholder ¢. Identify the needs of all stakeholders 4. Avoid challenging stakeholders 268. An important input to planning stakeholder management is: 2. The risk management plan b. The stakeholder register

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