Friday, November 25, 2011

Project Management Quiz - 40

1. Range estimating in determining cost risk probabilities requires _____ .
[A]an amount of financial exposure.
[B]risks and opportunities ranked in order of bottom line importance
[C]contingency requirements for expected level of confidence
[D]probability of cost overrun occurrences
[E]All of the above.

2. Satisfaction of the functional requirements of a product is called _____ .
[E]All of the above.

3. The project charter is a document designed to tell _____ exactly what the project entails.
[A]The project manager
[B]The project office
[C]The project team
[D]The project sponsor
[E]Anyone associated with the project

4. Which of the following control types has the highest risk to the owner:
[A]Firm fixed price (FFP)
[B]Time and material (T&M)
[C]Cost plus fixed fee (CPFF)
[D]Cost plus incentive fee (CPIF)
[E]A and B only

5. Which of the following statements is in agreement with McGregor's concepts concerning Theory X and Theory Y managers?
[A]Theory X managers view subordinates as being lazy, irresponsible, and resistant to change
[B]Theory Y managers view subordinates as being imaginative, creative, and willing to accept responsibility
[C]Theory X managers tend to be autocratic whereas Theory Y managers are more likely to delegate responsibility
[D]A and B.
[E]All of the above

6. Ensuring that all work is both authorized and funded by contractual documentation is the responsibility of:
[A]The project manager
[B]The functional manager
[C]The project sponsor
[D]The client
[E]All of the above

7. Forecasting human resource requirements necessitates making predictions about both the supply and demand of human resources. Which of the following is not a method used to forecast the demand for human resources?
[A]Delphi Method
[B]Regression Analysis
[C]PERT Charts
[D]Staffing Tables
[E]Time Series Analysis

8. Free float is the amount of time that an activity may be delayed with out affecting the _____.
[A]Early start of the succeeding activities.
[B]Late start of the succeeding activities.
[C]Project finish.
[D]Cost of the project.
[E]None of the above.

9. Risks that cannot be identified or evaluated _____ .
[A]should be deflected to the contracting officer.
[B]should be handled via contingency allowances.
[C]should be ignored, since they cannot be identified.
[D]should be ignored, since they are not covered in the Risk Assessment.
[E]C and D

10. The five major cost categories of quality are _____ .
[A]prevention, appraisal, internal failures, external failures, and equipment (measurement and test).
[B]specifications, QA programs, QC programs, parts rejected and parts returned
[C]Staffing, Training, reviews, equipment and rejected goods
[D]sampling, design considerations, manufacturing considerations, training and rework.
[E]None of the above

11. The process of interpreting a message is:
[E]A and C

12. Which of the following is a formal invitation that requests a formal response that describes the method of work and associated compensation.
[A]Request for quotation (RFQ)
[B]Request for proposal (RFP)
[C]Request for bids (RFB)
[D]Invitation for bids (IFB)
[E]Letter of intent (LOI)

13. A program can best be described as:
[A]A grouping of related activities which last two years or more
[B]The first major subdivision of a project
[C]A grouping of projects, similar in nature, which support a product or product line and have no definable end point
[D]A product line
[E]Another name for a project

14. Cost of quality includes:
[A]Appraisal cost
[B]detection cost
[C]prevention cost
[D]maintenance cost
[E]A, B, and C only

15. Flextime and compressed workweeks are two popular alternative work schedules used by employers to improve the quality of work life of their employers. Which of the following statements concerning these alternative work schedules is not true?
[A]Flextime schedules alter the employee's working hours but not the number of hours worked each day
[B]Both flextime and compressed workweek schedules make scheduling more complex for the employer
[C]Both flextime and compressed workweek schedules can complicate compliance with overtime regulations
[D]Fatigue is a disadvantage of compressed workweek schedules because employees must work longer than the traditional eight hour work day
[E]Under flextime schedules, the working hours are established by the employer