QUIZ-I- Project Management -2013-14 (ePGP/eEPOM)

Tick the most appropriate among the given choices:

Total marks:15
Time: 10 min
-- 15X1=15 Marks

1. What should a project manager do or follow to ensure clear boundaries for project completion?
a)

Scope verification

b)

scope definition

c)

Completing a scope statement

d)

Risk management plan

2. The term sacred cow is used to refer a

a) An environmental project
b) A project undertaken due to political compulsion
c)

A project that is advocated by a powerful and high ranking official in organization

d) The project with highest level of profitability

3. What should be done by the project manager to ensure that all the work in the project is included?
a) Create a contingency plan
b) Create a WBS
c) Create a risk management plan
d) Create a scope statement
4. If the project must be expedited to meet an earlier date, the first action the project manager would take is to
check which activities
a) are on the critical path
b) cost the least
c) have the longest duration
d) have the highest risk
5. In which of the following categories are you more likely to find status reports, many changes, and the
creation of forecasts?
a) Conceptualizing
b) Defining
c) Planning
d) Executing
6. Which of the following will correctly calculate the total slack in an activity?
a) LS-ES
b) LF-ES
c) LF-EF
d) Both a and c are correct

7. The amount of time an activity can be delayed and yet not delay the project is termed
a) Total slack
b) Free slack
c)

critical float

d) Slip pad
8. Which of the following is not one of the basic rules to follow when developing project networks?
a) An activity cannot begin until all preceding activities have been completed.
b) Each activity must have a unique identification number
c) Conditional statements are allowed but looping statements are not allowed.
d) An activity identification number must be larger that that of any preceding activities.
9. An item on a project network is Design Software Completed. This is best described as a(n)
a) path
b) Event
c) Activity
d) milestone
10. The critical path in a project network is the
a) network path with the most difficult activities
b) shortest path through the network
c) network path with the most merge activities
d) longest path through the network
11. Information to develop a project network is collected from the
a) organization breakdown structure
b) wok breakdown structure
c) budget
d) project proposal
12. If the initial investment in a project is $100,000 and the expected annual net profit for the project is $20,000
the payback period is:
a) 5 years
b) 4 years
c) 10 years
d) Insufficient information to determine the payback period.
13. The most important consideration in budgeting is:
a) Cost control.
b) Maximizing projects return on investment.
c) Meeting the projects schedule.
d) Estimating project resource costs.
e) All of the above.

14. The project charter is:

a) The projects mission statement.
b) A document of agreement on the project plan.
c) The project teams contract to work on the project.
d) A signed-off copy of the project plan not subject to further change.
e) None of the above.
15. Which of the following is not an element of the Gantt chart?
a) Actual progress.
b) Variance of the critical path.
c) The current date.
d) Scheduled milestones.
e) All of the above are elements.