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Tuesday, October 25, 2011

Project Management Quiz - 13

1. Which of the following is an element of procurement management:
[A]inspection
[B]purchasing
[C]estimating
[D]expediting
[E]A, B and D only



2. Which of the following is most closely associated with pure risk:
[A]profit and loss
[B]personnel turnover
[C]insurance
[D]market fluctuations
[E]A and D only



3. Assignable cause or special variation is:
[A]is indicated when a point falls outside the control limits.
[B]is indicated when a point falls outside the specification limits.
[C]is indicated when a run of seven or more points fall above the center line of a standard control chart.
[D]is indicated when a run of seven or more points fall below the center line of a standard control chart.
[E]A, C, and D.



4. In the arrow diagramming method (ADM), _____ do not consume time or resources.
[A]Events.
[B]Activities
[C]Slack elements.
[D]B and C only.
[E]All of the above.



5. Management reserve is generally intended to be used to:
[A]implement additional unbudgeted scope
[B]compensate for inaccurate estimates
[C]cover major unforeseen catastrophes
[D]cover unforeseen problems in the project
[E]All of the above.



6. Project management has been proven to be successful because employees get to see the entire effort, from beginning to end, rather than just small pieces. This could be considered an example of:
[A]Behavioral modification
[B]Linking performance to pay
[C]Positive job reinforcement
[D]Job enrichment
[E]All of the above



7. Project managers that are available to answer questions, provide guidance when need, and generally do not interfere with day-to-day activities have a(n) ______ managerial style.
[A]Autocratic
[B]Conciliatory
[C]Ethical
[D]Facilitative
[E]Judicial



8. The scope baseline once established and approved, is used:
[A]as the basis for making future decisions.
[B]to accomplish verification measures.
[C]to evaluate potential changes.
[D]All of the above.
[E]A and C only.



9. The three most common types of project cost estimates are:
[A]Order of magnitude, parametric, and budget.
[B]Parametric, definitive and top down.
[C]Order of magnitude, definitive and bottom up.
[D]Order of magnitude, budget and definitive.
[E]Analogy, parametric and top down.



10. To calculate the expected value of an outcome:
[A]divide the value of each outcome by its probability, then add the results.
[B]divide the value of the desired outcome by the value all possible outcomes
[C]multiply the value of each outcome by its probability, then add the results
[D]use linear regression to assess the expected value of the outcome
[E]B and D only



11. Activities with zero time duration are referred to as:
[A]Critical path activites.
[B]Noncritical path activities.
[C]Slack time activities.
[D]Dummies
[E]None of above.



12. For a given characteristic in a construction process, the standard deviation associated with production variation is 0.8", and the standard deviation associated with measurement variation is 0.6". The total standard deviation for this characteristic is:
[A]1.4"
[B]1.2".
[C]1.0"
[D]0.8"
[E]0.2"



13. Project cash reserves are often used for adjustment in escalation factors which may be beyond the control of the project manager. Other than possibly financing (interest) costs and taxes, the three most common escalation factors involve changes in:
[A]Overhead rates, labor rates and material costs.
[B]Overhead rates, schedule slippages, and rework.
[C]Rework, cost-of-living adjustments, and overtime.
[D]Material costs, shipping cost, and scope changes.
[E]Labor rates, material costs, and cost reporting.



14. Selective perception is _____ of new conflicting information that may result, in a breakdown in communication.
[A]Encoding
[B]Blocking out
[C]Transmission
[D]Acceptance
[E]Decoding



15. The work breakdown structure (WBS) is an excellent tool for objective control and evaluation. Which of the following is generally NOT validated through the WBS?
[A]Time, schedule and cost.
[B]Management coordination and organization structuring.
[C]Work methods and accountability.
[D]Quality of work.
[E]Risk and impact decision-making.



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