Project management knowledge assessment

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1) Which of the following is not true about projects?

1 bod

Temporary in nature

Produces standard outputs or services

Constrained by limited resources of time, cost and scope

Performed by people

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2) Project manager is responsible for the success and failure of the project.

1 bod

True

False

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3) A project is considered as successful, when...

1 bod

The customer is happy

When it satisfies the business case of the project

When it is completed within the agreed upon time, cost and meet the scope agreed as well as meets the business case of the project

When the team is happy

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4) Pareto analysis is based on...

1 bod

8-80 rule

80-20 principle

50-50 rule

0-100 rule

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5) A project manager spends maximum time in....

1 bod

Initiating the project

Planning the project

Executing the project

Monitoring and controlling the project

Closing the project

Communication

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6) Of the following projects, which is the best project for execution?

1 bod

Project A, with an NPV of 1000

Project B, with an NPV of 8000

Project C, with an NPV of 7000

Project D, with an NPV of 6000

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7) Project charter is prepared during which phase of the project?

1 bod

Initiation

Planning

Execution

Monitoring and controlling

Closing

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8) Project plan is prepared during which phase of the project?

1 bod

Initiation

Planning

Execution

Monitoring and controlling

Closing

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9) Project charter gives authority to the project manager

1 bod

True

False

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10) Which of the following is not true about work breakdown structures (WBS)?

1 bod

Work packages are the lowest level in a work breakdown structure (WBS)

Project managers stop exercising control at a work package level

WBS gives the time required to complete the project

WBS is part of the scope baseline

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11) A project has just 10 tasks. The duration of five of these tasks are 20 days each, and the balance five tasks takes 10 days each. These tasks are sequential in nature. What is the duration of the critical path of this project?

1 bod

100 days

50 days

150 days

Data is insufficient to calculate the critical path

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12) Can a project have multiple critical paths?

1 bod

Yes

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13) The amount of time an activity can be delayed without affecting the late start of the subsequent activity is known as........

1 bod

Buffer

Wait time

Float

Early start

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14) Activities on the critical path will have zero float

1 bod

True

False

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15) Can the critical path can change during project execution?

1 bod

True

False

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16) Early start of a task is 1, Early finish is 10, Late start is 11, Late finish is 20. How much is the duration of the task?

1 bod

9 days

10 days

Not sufficient data to work out the duration

11 days

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17) Early start of a task is 1, Early finish is 10, Late start is 11, Late finish is 20. How much is the float?

1 bod

9 days

10 days

Not sufficient data to work out the duration

11 days

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18) After pouring concrete, there is a waiting time of 8 days for curing, and the subsequent activity can start after 8 days time only. This is an example of.......

1 bod

Float

Slack

Buffer

Lag

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19) Last time when I traveled from Bangalore to Mysore, it took me 5 hours. I am again traveling to Mysore this week on a Friday and I anticipate heavy traffic. Because of this I plan for 6 hours for the trip. This is an example of...

1 bod

Float

Slack

Buffer

Lag

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20) Last time when I traveled from Bangalore to Mysore, it took me 5 hours. I am again traveling to Mysore and I plan for 5 hours. This is an example of...

1 bod

Parametric estimate

Three point estimate

Analogous estimate

Ballpark estimate

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21) The flexibility matrix of my project says cost is negotiable, time is moderately negotiable and scope is least negotiable. There is a slippage in the schedule. Which of the following is best to recover from the schedule slippage?

1 bod

Crashing

Fast tracking

Removing scope

All of the above

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22) The schedule performance index (SPI) of the project is -1, and the cost performance index is +2. Which of the following is best to recover from the schedule slippage?

1 bod

Crashing

Fast tracking

Removing scope

All of the above

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23) The schedule performance index (SPI) of the project is -1, and the cost performance index is also -1. Which of the following is best to recover from the schedule slippage?

1 bod

Crashing

Fast tracking

Removing scope

All of the above

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24) The customer is not very clear about the scope of the project. In this case, which is the best contract type to be used?

1 bod

Fixed price

Time and material

Purchase order

Cost reimbursable

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25) You want to buy 100 lap top computers for your project team. Which of the following is the best contract type?

1 bod

Fixed price

Time and material

Purchase order

Cost reimbursable

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26) When the team is in the storming state, what should be the style of the project manager?

1 bod

Counselor

Moderator

Motivator

All of the above

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27) When apple started their outlets in China, they could not cope up with the demand. This is an example of....

1 bod

Residual risks

Negative risks

Positive risk

Contingency action

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28) In a delayed project, if I add more resources it may reduce the progress further due increased communication complexities. This is an example of....

1 bod

Residual risks

Primary risks

Secondary risks

Negative risk

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29) You are the project manager and you have 9 team members reporting to you. What is the number of communication channels in this project?

1 bod

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30) The best form of power which no one can take away from you is..

1 bod

Reward power

Reference power

Expert power

Positional power

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