Project Management (Merged - ESZG523/MMZG523/QMZG523/HHSMZG519)

1 The grouping of projects is called

Select one:

a. Business Plan

b. Business Template

c. Project Template

d. Program
2 Compression of the Product Life Cycle results in

Select one:

a. producing products in lesser time

b. changing the variety of products

c. more products in longer time

d. lesser products in longer time

3 In which organization form is the project manager least likely to share resources with other projects
Select one:

a. Weak Matrix

b. Traditional Functional

c. Projectized

d. Strong Matrix
The training to customers and transfer of documents take place in

Select one:

a. Planning Phase

b. Execution Phase

c. Delivery Phase

d. Defining Phase
The requirement of machinery and equipment is dependent on

Select one:

a. plant capacity

b. type of product

c. production technology

d. all of the above

Given Q as demand and I as Income and If Q1 = 60, Q2 = 70, I1 = 1000 and I2 = 1200, What is the
income elasticity of demand?

Select one:

a. 1.00

b. 0.85

c. 1.50

d. 0.50
In which organizational form does the project manager often have the least amount of authority

Select one:

a. Projectiized

b. Strong Matrix

c. Traditional Functional

d. Weak Matrix
Having too many life cycle phases may be detrimental because

Select one:

a. the project manager will need to develop many different plans for each phase

b. the project manager will spend too much time planning for gate-review meetings rather than managing
the phases

c. Executive sponsors will become invisible

d. Executive sponsors will micromanage

The major difference between a project and a program is usually

Select one:

a. Role of the line manager

b. time frame

c. specifcations

d. Role of the sponsor

Which of the following is not a project

Select one:

a. Setting up a power plant

b. Attaching tags to a manufactured product

c. Developing a supply chain information system

d. Writing a term paper

Scope and specifications are dealt in

Select one:
a. Execution Phase

b. Planning Phase

c. Defining Phase

d. Delivery Phase
In which organizational form is the worker in the greatest jeopardy of losing his or her job if the project
gets canceled

Select one:

a. Weak Matrix

b. Projectized

c. Strong Matrix

d. Traditional Functional
The qualitative method for demand forecasting is

Select one:

a. Trend Projection Method

b. Moving Average Method

c. Exponential Smoothing Method

d. Delphi Method
If an organization has both standard products and projects, it should go for

Select one:

a. Dedicated team

b. Matrix type

c. Traditional Functional

d. Projectized
What is a project?

Select one:

a. Routine non-repetitive work

b. Non-Routine non-repetitive work

c. Routine repetitive work

d. Non-Routine repetitive work

As the plant capacity increases, the investment cost per unit

Select one:

a. remain the same

b. zero
c. increases

d. decreases
Projects that remain almost entirely within one functional area are best managed by the

Select one:

a. project sponsor

b. Assigned functional employees

c. project manager

d. functional manager
In which type of matrix structure would a project manager most likely have a command of technology

Select one:

a. Balanced Matrix

b. Strong Matrix

c. Cross-cultural matrix

d. Weak Matrix
In which type of matrix structure would a project manager most likely have a command of technology

Select one:

a. Balanced Matrix

b. Strong Matrix

c. Cross-cultural matrix

d. Weak Matrix
If P is price and Q is demand and if P1 = 40 Q1 = 100000 P2 = 50 Q2 = 95000 then the price elasticity
of demand is

Select one:

a. - 0.23

b. zero

c. 1.00

d. - 0.53
Effective Demand is calculated as

Select one:

a. Production + Imports - Exports + Changes in stock level

b. Production - Imports - Exports - Change in stock level

c. Production + Imports - Exports - Change in stock level

d. Production - Imports + Exports + Changes in stock Level

Integrated Project Management relates to integrating the project with

Select one:

a. financial plan of the organization

b. functional plans of the organization

c. competitor's plan of the organization

d. strategic plan of the organization

If 80% of the work involves projects, then the organization should consider

Select one:

a. Traditional Functional

b. Dedicated Team

c. Matrix type

d. Projectiized
If the organization has very few projects, it should go for

Select one:

a. Matrix type

b. Traditional Functional

c. Dedicated teams

d. Projectized
The level of effort is maximum in the following phase of any project life cycle

Select one:

a. Defining

b. Executing

c. Planning

d. Delivering
A project is terminated early because the technology cannot be developed and the resources are applied
to another project that ends up being successful. Which of the following is true concerning the first
project?

Select one:

a. The first project is a failure if the project manager gets reassigned to a less important project

b. The first project is regarded as a failure

c. The first project is a success if the termination is done early enough before additional resources are
squandered

d. The first project is a success if the project manager gets promoted