Wednesday, January 11, 2012

Project Management Quiz - 60

1. You are involved in identifying risks using the Delphi technique. Which statement is true about this technique?
[A]Participants should be known to each other
[B]Participants cannot be in different locations
[C]Participants are generally anonymous
[D]Delphi technique is generally not used to identify risks

2. You are required to prepare reports for top management that only show the start/end dates and likely durations of the critical path activities. To do this you would use:
[A]Bar charts
[B]PDM network
[C]Milestone charts
[D]Pert networks

3. The 80/20 rule often used in projects is depicted as a:
[A]Control chart
[B]Attribute variable
[C]Pareto chart
[D]Run chart

4. The project manager of a large multidisciplinary engineering project is evolving a RAM (Responsibility Assignment Matrix) to assign the different roles and responsibilities for her team members. She must use:
[A]The project’s WBS and the organizational chart
[B]The WBS
[C]The network schedule
[D]The staff productivity

5. In a project, quality control helps to:
[A]Prevent production of defective material
[B]Identify established specifications and influence results through specific data
[C]Check for quality compliance by monitoring project results
[D]All of the above

6. During the execution of a project two team members get into a serious disagreement about how to proceed with a task that they are working on. This disagreement is seriously affecting the work on the project. The project manager holds a meeting with both of them to sort out the issues. He discusses the best way to approach the task and both team members agree with him. This method of settling differences can best be described as:
[D]Confronting/problem solving

7. Which of the following is NOT the responsibility of the project manager?
[A]Monitoring project progress
[B]Project Integration
[C]Budgeting project costs
[D]Developing the Project charter

8. Normally, increased complexities in a project will _______ uncertainties:
[A]Have nothing to do with
[D]Can not say any thing about

9. Project plans are primarily developed by the:
[B]Functional managers
[C]Project manager with involvement of the project team
[D]Project team alone

10. When communicating, project managers spend most of their time _______:
[B]Exchanging information
[C]On the phone
[D]Solving problems

11. A very common pitfall in effective communication is:
[A]Not selecting the correct medium
[B]Not considering the position of the receiver
[C]Assuming that because a message is sent, it has been received
[D]Not selecting the correct audience to receive the message

12. Which is the single most important ingredient for building an effective team?
[A]Effective communications skills
[B]Appropriate experience
[D]Willingness to accept change

13. Each project is divided into several project phases. Project management follows this approach in order to:
[A]Improve management control of the project
[B]Provide links to the organizations ongoing operations
[C]Better control on resource deployment as resource requirements may vary from phase to phase
[D]All of the above

14. Project stakeholders are defined as those who can _________:
[A]Involved in the project and /or can have positive or negative influence on their interests due to project execution
[B]Only be involved in the project execution
[C]Have only the influence in the investment decisions
[D]Be the member of the Board of a corporation

15. All of the following techniques consider time value of money except:
[A]Payback period
[B]Discounted cash flow
[C]Net present value
[D]Internal rate of return