QuizMe

1: In making an investment in a project, investors require

The direct benefits from the project to be less than the investment in the project

The direct benefits from the project to be equal to the investment in the project

The direct benefits from the project to be more than the investment in the project

The sum of the direct and indirect benefits from the project to be more than the investment in the project

2: Ongoing project planning is also known as ________.

Rolling wave planning

Buildup planning

Activity planning

Project processes

3: A ______looks at determining if the project idea is a realistic project.

Case project study

Feasibility study

Matrix study

Demand study

4: The most crucial time for project risk assessment is

when a problem surfaces.

during the planning phase.

during the close-out phase.

after the project schedule has been published.

5: A project should be terminated for all of the following reasons except:

lack of team synergy.

the project no longer meets the company's objectives.

the resources are not available to complete project activities.

project funding has been significantly reduced.

6: In Order to ensure that all work in the project is included, the PM should:

Create a contingency plan

Create a risk management plan

Create a WBS

Create a scope statement

7: A project manager would find team development the most difficult in which form of organization?

Weak Matrix organization

Balanced Matrix organization

Projectized organization

Strong Matrix organization

8: Which of the following it the logical flow of any project?

Planning, Initiating, Executing, Closing

Initiating, Planning, Closing, Executing

Initiating, Executing, Planning, Closing

Initiating, Planning, Executing, Closing

9: In which phase of a project would you estimate activity duration and resources?

Initiating

Executing

Planning

Closing

10: Which of the following is not considered part of Maslow’s Hierarchy of Needs?

Social needs

Safety

Motivation

Self-actualization

11: You are managing the release of a new drug in the market. Your role is that of a:

Functional Manager, because you have good understanding functional knowledge of the pharmaceutical industry

Project Manager, because you are creating a unique product within specific time schedules

Operations Manager, because you have to do several repetitive tasks

Program Manager, because you have to manage several sub-projects to effectively do your job

12: Which of the following is not true about a project?

Constrained by limited resources and time

Planned, executed and controlled

Creates unique product or service

May be ongoing and repetitive

13: Your IT company is responsible for making software virus programs. You are responsible for managing both the individual product releases and the co-ordination of multiple releases over time. Your role is that of a

Functional Manager

Operations Manager

Project Manager

Senior Project Manager

Program Manager

Portfolio Manager

14: Your IT company is responsible for making software virus programs. You are responsible for managing both the individual product releases and the co-ordination of multiple releases over time. Your role is that of a

Functional Manager

Operations Manager

Project Manager

Senior Project Manager

Program Manager

Portfolio Manager

15: During human resource planning you identified that your team members are not sufficiently qualified for their tasks. Which may be an appropriate solution to this problem?

Reduce the project scope/goal

Develop a training plan

Revise project plan and increase execution time

Increase employees monitoring

Develop intensive motivation plans for the staff.

16: Projects may be initiated by any of the following except____.

Project team

Sponsor

PMO

CEO