Friday, November 11, 2011

Project Management Quiz - 29

1. Fixed-price and incentive-type contracts place responsibility for performance and financial risks associated with delay or non-performance on the:
[B]Third party
[D]All of the above
[E]None of the above

2. In a contract, the point of total assumption refers to the point where:
[A]The customer incurs the total financial responsibility for each additional dollar spent.
[B]The contractor incurs the total financial responsiblity for each dollar spent.
[C]The schedule and cost variance are zero.
[D]The customer will incur no further costs for the work the contractor performs in the completion of the contract.
[E]B and D only.

3. In a matrix organizational form, MBO may be difficult to implement:
[A]If the functional employees are supervised closely by the line manager rather than the project manager
[B]Unless the project manager has an input into the employee's performance review
[C]Unless the project and line managers agree on the ultimate objective
[D]Unless the project and line managers agree to the duration of the task
[E]None of the above are correct answers

4. Quality assurance
[A]refers to the prevention of product defects
[B]is an auditing function that provides feedback to the project team and client about the quality of output being produced.
[C]is the technical process that include the construction of control charts which specify acceptability limits for conforming output.
[D]A and B.
[E]B and C

5. Which of the following communication media is least accepted by organizations?

6. Formal written communication is mandated for which of the following?
[A]scope changes not part of the original project
[B]taking exception to a specification
[C]procurement of raw materials
[D]All of the above.
[E]A and B only

7. In performing an impact analysis, the most effective tool to ensure all risks are identified on large projects is the:
[A]Work breakdown structure
[B]milestone review and schedule technique
[C]cost/schedule control system
[D]planning programming budget system
[E]program and evaluation review technique

8. In the project environment, the individual ultimately responsible for quality control is:
[A]The line workers who must strive "to do things right the first time" to avoid quality problems.
[B]the company's quality control manager who must work with the project members to ensure the quality control program is effective.
[C]The head of the production department who retains ultimate quality control responsibility for all the company's projects.
[D]The project manager who has ultimate responsibility for the entire project.
[E]the customer who must ensure that he is receiving a quality product from the vendor.

9. In which organizational form do project managers usually get to know the employees well enough to provide an input into their performance review?
[C]Pure project

10. The critical path in a schedule network is the path that:
[A]Takes the longest time to complete
[B]Must be done before any other tasks
[C]Allows some flexibility in scheduling a start time.
[D]Is not affected by schedule slippage
[E]All of the above.

11. The use of the project reports:
[A]are not necessary on small projects
[B]provides a means whereby various levels of authority can judge project performance
[C]provides insight into project areas and the effectiveness of the control systems
[D]All of the above
[E]B and C

12. You must produce 27 widgets. You can only produce 9 widgets per production run. Each production line setup costs $1000. Each widget consumes $10 worth of material and $5 worth of labor. What is the total fixed cost for producing the widgets.

13. _____ is based on information gathered and analyzed about demand and supply. This forecast provides a prediction of short and long term prices and the underlying reasons for those trends.
[A]Demand forecast
[B]Price forecast
[C]Supply forecast
[D]Production forecast
[E]None of the above.

14. A project is defined as:
[A]a coordinated undertaking of interrelated activities directed toward a specific goal that has a finite period of performance.
[B]a large, complex undertaking with many objectives, multiple sources of funding, and a not discernible end point.
[C]an undertaking of interrelated activities directed toward a specific goal that can be accomplished in less than one year.
[D]a group of activities headed by a project manager who has cradle-to-grave cycle responsibility for the end product.
[E]All of the above.

15. An acceptance control chart has limits that are based on the spec. limits for the product rather than limits which differentiate between random and assignable causes. Under which of the following circumstances should a QC manager consider this type chart
[A]When the engineering tolerance on a dimension greatly exceeds the natural dispersion of the manufacturing process
[B]When the number of samples outside the current control chart limits become too costly and cumbersome to investigate.
[C]When a process is subject to constant but stable tool wear.
[D]A and B.
[E]A and C