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:
[A]0.002
[B]1
[C]2.5
[D]7.5
[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:
[A]Engineering
[B]Marketing
[C]Manufacturing
[D]Accounting
[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:
[A]uniform
[B]normal
[C]discrete
[D]symmetrical
[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
[E]penalty



10. Which of the following is NOT a characteristic of message filtering?
[A]semantics
[B]media
[C]ethics
[D]organizational status
[E]reputation



11. Feasibility studies evaluate alternatives in terms of
[A]Cost-effectiveness
[B]Ease of performance
[C]Risk
[D]Safety
[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
[B]output
[C]technical experience
[D]priorities
[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