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Sunday, November 20, 2011

Project Management Quiz - 35

1. The purpose of a dummy activity in an activity-on-arrow diagram is to:
[A]Identify a task that could be replaced by another.
[B]Take the slack time into account.
[C]Show a task that is not necessarily needed.
[D]Denote a milestone.
[E]Show a dependency relationship.



2. When planning, organizing, coordinating, and controlling a project an important human resources skill or ability would be
[A]Building multi-disciplinary teams
[B]Managing conflict
[C]Communicating orally and in writing with all levels of personnel
[D]Involving senior management
[E]All are important



3. Which is not a negotiation tactic?
[A]Imposing deadlines
[B]surprises
[C]person with authority is absent
[D]reasoning together
[E]all are negotiations tactics



4. Which of the following is referred to as sunk cost:
[A]management reserve
[B]contingency fund
[C]cost budgeted for construction under water
[D]expended funds over which there is no further control
[E]forecasted budget over-runs



5. A project manager believes that modifying the scope of the project may provide added value for the customer. The project manager should:
[A]Change the scope baseline
[B]Prepare a variance report
[C]Call a meeting of the configuration control board
[D]Change the project's objectives
[E]Postpone the modification until a separate enhancement project is funded after this project is completed according to the original baseline



6. As a project is carried out and slack time is consumed on individual tasks, the slack left over for the remaining tasks is:
[A]Insignificant.
[B]Reduced.
[C]Unchanged.
[D]Increased.
[E]Doubled.



7. Group brainstorming encourages all of the following except:
[A]Team building
[B]Uninhibited verbalization
[C]Decision making
[D]Analysis of alternatives
[E]Convergent thinking



8. Non-conformance penalties are a form of _____.
[A]quality incentive
[B]risk sharing
[C]contract negotiations
[D]quality assurance programs
[E]None of the above.



9. Risk Event Status is defined as _____ .
[A]Risk Probability x Amount At Stake.
[B]the severity of the consequences.
[C]how likely the event is to occur with risk.
[D](Cost + Benefit + Business Risk) / Insurable Risk.
[E]B and C



10. There are hard causes of conflict (e.g. conflicting schedules) and soft causes. Soft causes are as important as hard causes. Soft causes include diversity of disciplinary expertise, _____, and the project manager's power of reward and punishment.
[A]Performance tradeoffs
[B]Ambiguity of roles
[C]Administrative procedures
[D]Determining earned value
[E]



11. Which of the following is referred to as payback period:
[A]the number of periods required to recover the initial investment
[B]the rate of return on the investment
[C]the number of periods required to bring project cost back to the original budget, based on current performance
[D]loan payment schedule
[E]None of the above



12. Which one of the following is not an acquisition method?
[A]advertising
[B]invitation
[C]negotiation
[D]purchase
[E]all are acquisition methods



13. At least _____of the cost of quality are the direct responsibility of management.
[A]0.25
[B]0.85
[C]0.5
[D]1
[E]0.33



14. Fast tracking means to:
[A]Speed up a project through parallel tasks.
[B]Swap one task for another.
[C]Reduce the number of tasks if possible.
[D]B and C.
[E]None of the above.



15. Formal written correspondence is mandated in which of the following situations:
[A]Product undergoes casual in-house testing
[B]Client requests additional work not covered under contract
[C]Project manager calls a meeting
[D]B and C only
[E]None of the above



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