Contents

Project Management .................................................................................................................................... 2

Project Planning: How to map out the project ......................................................................................... 5
Project Implementation ............................................................................................................................ 6
Project Management

1. A statement of the scope, objectives, and participants in a project is

a) project charter
b) project definition
c) Business Scope
d) None

2. The project risk plan balances the investment of the mitigation against the benefit for the
project. The project team often develops an alternative method for accomplishing a project goal
when a risk event has been identified that may frustrate the accomplishment of that goal. The
plans are called
a) Viable plans
b) Contingency plans
c) Implementable plans
d) None

3. It includes a description of the business problem or opportunity, the costs and benefits of each
alternative solution, and the recommended solution for approval.
a) Business Case
b) Project Charter
4. Following are the elements of the project charter except for
a) Constraints
b) Project Manager assigned authority level
c) Measurable objectives
d) None

5. Work that needs to be done to make the product is

a) Project Scope
b) Product Scope
c) Process scope
d) Procedure Scope
A
6. The five scope management processes includes the following except for the one
Creating WBS
Scope definition
Control Scope
Network diagram
D
7. Breaking down complex activities into pieces and working out the resource assignments for each
of those simpler

8. Which type of project cost estimate is the most accurate?

a) Preliminary
b) Definitive
c) Order of magnitude
d) Conceptual

9. Following are the phases of Project Management Life Cycle. Arrange them in correct order
1. Design
2. Marketing
3. Analysis and evaluation
4. Inspection
5. Testing and delivery
a) 3-2-1-4
b) 1-2-3-4
c) 2-3-1-4
d) 4-3-2-1

10. Cost budgeting can be best described by which of the following?

a) 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
c) The process of establishing budgets, standards, and a monitoring system by which the
investment cost of the project can be measured and managed
d) The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-
going basis

11. Which of the following is a direct project cost?

a) Lighting and heating for the corporate office
b) Workers Compensation insurance
c) Piping for an irrigation project
d) A and B

12. On a project the project manager should strive for a "Quality Level" that
a) Is the highest level possible.
b) Is as close to the project objectives as possible.
c) Represents the least cost to the project.
 d) Exceeds the specified requirements of the project.

13. To be successful in a functional organization, the PM must rely on:

a) Referent power
b) Formal authority
c) Informal power structure
d) Broad span of control
e) Both a and c

14. The project manager has the most authority in the __________________ type of organization.
a) Project expediter
b) Matrix
c) Projectized organization
d) Functional

15. The Three attributes of project risk are _________, ___________ and ___________.
a) What might happen, who it happens to, and how much will it cost
b) Notification, frequency of relevant events, probability of occurrence
c) Risk cost, quality, control
d) Quality, risk planning, total number of risk events
e) Risk event, probability occurrence, the amount at stake

16. A new project was initiated that involves new technology and subsequently has never been
done before. What type ofcontract would to owner want to issue to reduce or eliminate as
much risk as possible.
a) Firm fixed price
b) Cost plus incentive fee
c) Lump sum
d) A and C

17. A Unit Price (UP) contract provides:

a) a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the
contract progresses
b) a reimbursement of allowable cost of services performed plus an agreed upon percentage
of the estimated cost as profit
c) the supplier with a fixed price for delivered performance plus a predetermined fee for
superior performance
d) a fixed price where the supplier agrees to furnish goods and services at unit rates and the
final price is dependent on the quantities needed to carry out the work.
 D

18. One of the initial project documents, issued by senior management, which outlines the
authority of the project manager, is called Project charter. As a seller, what other document can
be used in this place:
a) Work breakdown structure
b) Project scope
c) Contract
d) Internal memo

Project Planning: How to map out the project

19. A project planning methodology is any structured approach used to guide the project team
during development of the project plan. What is an example of this methodology?
a) Standard forms or templates.
b) Upper management involvement
c) Functional work authorizations
d) Stakeholders skills

20. Each project phase is marked by completion of one or more:

a) Tasks.
b) Milestones
c) Deliverables
d) Life cycles
C
21. Project Scope:
a) is of concern only at the start of the project
b) is mainly a problem to be handled by the change control procedures during the project
execution phase.
c) Should be managed and controlled from the project concept through close-out
d) is usually not a problem after the contract or other document authorizing the project has
been approved

22. When developing a project's scope statement, which of the following should not be included?
a) Project justification.
b) Cost/benefit analysis
c) Project deliverables
d) Measurable objectives

A
 23. The narrative description of the project scope, including major deliverables, project objectives,
project assumptions, project constraints, and a statement of work, that provides a documented
basis for making future project decisions and for confirming or developing a common
understanding of project scope among stakeholders is
a) Project Scope Statement
b) Project Charter
c) Business Case
d) None
A
24. when you give a successor task some time to get started before the predecessor task finishes is.
a) Lead
b) Lag
c) None
d) Bottom up

25. the string of activities that will delay the whole project if any one of them is delayed is
a) Efficient point
b) Critical path
c) Economies of scale
d) None

26. The amount of time an activity can be delayed before it causes your project to be delayed is
a) Float
b) Slack
c) Both A and B
d) None

Project Implementation

27. Which of the following is the responsibility of proposed project manager?

a) Project Plan & strategy
b) Description of Project Organization
c) Development of organizational Chart
d) All of the given options

28. Which contract type places the most risk on the seller
a) Cost plus percentage fee
b) Cost plus incentive fee
c) Cost plus fixed fee
 d) Fixed price plus incentive fee
e) Firm fixed price
E
29. What is the last item a project manager must do to finalize project close-out
a) Reassign the team
b) Contract completion
c) Archive the project records
d) Complete lessons learned
e) None of the above.
B
30. A performance bond should always provide what part of the contract value?
a) 10 percent
b) 25 percent
c) 50 percent
d) 100 percent
e) Normally a performance bond, depending upon the state, only stipulates that the contractor
will guarantee the work for a certain period of time.