QUIZ-II- Project Management -2013-14 (ePGP-04/eEPOM-05)

Total marks: 15 Time: 10 min

I.

State whether the following statements are true/false

1. One can trade off time and cost when managing a project, but the projects technical specifications
must be maintained exactly as specified by the client initially. F
2. The shortest time to complete a network is equal to the duration of the longest path through the
network. T
3. If task duration estimates are carefully made, the project manger needs to only examine the critical
path when conducting a risk analysis.
F
4. Milestones on a Gantt chart are tasks with duration of zero.
T
5. A Gantt chart cannot depict a critical path, only a PERT/CPM chart can. T
6. The projects objectives are set by the client and therefore, do not need to be related to the firms
mission. F

II.

Tick the most appropriate among the given alternatives

7. Sources of risk on a project include:
a.
Acts of nature.
b.
The client.
c.
Skills of the project team.
d.
Senior management.
e.
Only a and b.
8. A project budget is:
a. An expression of organizational policy.
b. A plan for allocating resources.
c. A means of assigning cost to the project.
d. All of the above.
e. Only b and c.
9. What is project slack?
a. Amount of time a non-critical task can be delayed without delaying the project.
b. Amount of time the critical path of a project can be delayed without delaying the project.
c. Amount of time an activity on the critical path can be delayed without delaying the project.
d. Difference between how long the project would take if all tasks were completed based on their
pessimistic versus optimistic time estimates.
e. None of the above.
10.
a.
b.
c.
d.
e.

Which of the following is not an element of the Gantt chart?

Actual progress.
Variance of the critical path.
The current date.
Scheduled milestones.
All of the above are elements.

11.
a.
b.
c.
d.

Students Syndrome in project implementation refers to

Special problems associated with Sports projects
Team members playing games with project managers to avoid extra work
Pre-mature failure of projects
Postponement of the work till the due date of the project

12.

The cost variance is positive and the schedule variance is also positive, then it indicates
that
a.
b.
c.
d.

Project is under budget and behind schedule

Project is over budget and behind schedule
Project is under budget and ahead of schedule
Project is over budget and ahead of schedule

13.

Who should be involved in the creation of lessons learned, at closure of project?

(choose the BEST answer)
a.
b.
c.
d.

Stakeholders
Project team
Management of the performing organization
Project office

14.

The organization has recently started outsourcing work to a low cost, high value
engineering center located in a different country. Which of the following should the project manager
ensure for the team as a proactive measure?
a.
b.
c.
d.

A training course on the laws of the country

A course on linguistic differences
An exposure to the cultural differences
A communication management plan

15.
a.
b.
c.
d.
e.

Which of the following is typically used as the best estimate of task duration?
Expected time.
Pessimistic time.
Optimistic time.
Most likely time.
All of the above.