Tuesday, November 29, 2011

Project Management Quiz - 44

1. A key to successful Management by Objectives (MBO) is
[A]insuring that employees have clearly defined objectives
[B]involving employees in decision meetings
[C]permitting employees to set their own objectives
[D]allowing employees to perform their own evaluations
[E]A or C.

2. Sunk costs are:
[A]future costs held in reserve.
[B]costs invested in commodities.
[C]expended costs over which we have no control.
[D]expended costs over which we have no more control
[E]tax credits

3. The degree to which a company accepts and utilizes project management is often dependent upon the _____ and _____ of the project.
[A]Competition, dollar value
[B]Type of industry, manpower requirements
[C]Size, nature
[D]Quality requirements, manpower requirement
[E]Type of industry, risk

4. The specification for a particular part is 10" + or - 0.015". The standard associated process produces parts with a means of 10" and standard deviation of 0.002'. The process capability index is:
[E]None of the above

5. Which of the following is indicative of negative float?
[A]The late start date is earlier than the early start date.
[B]The critical path supports the imposed end date.
[C]The early finish date is equal to the late finish date.
[D]When leads are employed in the schedule.
[E]The project is sinking.

6. Line of balance charts are used most frequently in:
[E]Contracts and procurement

7. Project tradeoffs are usually made by comparing _____ and constraints.
[A]Time, cost, and quality
[B]Time, risk, and quality
[C]Risk, quality, and manpower availability
[D]Cost, quality, and technical performance
[E]Cost, quality, and risk

8. Standard "Shewhart" control charts assume that the distribution of sample means is:
[E]B and D only

9. The type of power most infrequently used by the PM is
[A]formal authority
[B]reward power
[C]referent power
[D]expert power

10. Which of the following is NOT a characteristic of message filtering?
[D]organizational status

11. Feasibility studies evaluate alternatives in terms of
[B]Ease of performance
[E]All or part of A through D

12. Present value measures
[A]the value to us today of future cash flows.
[B]the rate of return on an investment when we take account of cash inflows and outflows
[C]the current estimates of our project budget
[D]the dollars worth of work accomplished as of today
[E]All of the above.

13. The Project Manager has the responsibility of knowing what kind of message to send because his _____ may avoid communications barriers.
[A]business interfaces
[C]technical experience
[E]training methods

14. The ability to reduce risk is _____ to how far you have progressed through the project life cycle.
[A]inversely proportional
[B]directly proportional
[C]not related
[D]the responsibility of the risk executive
[E]is directly proportional to the amount at stake.

15. The risk of accepting a lot of poor quality, in acceptance sampling, is referred to as:
[A]buyer's risk
[B]consumer's risk
[C]producer's risk
[D]type I error
[E]B and D only