Question 1

Not yet answered

Marked out of 1.00

Flag question

Question text
Which of the following generally cannot be validated using a work breakdown structure

Select one:
a. Risk Management
b. Schedule control
c. Cost control
d. Quality control

Question 2
Not yet answered
Marked out of 1.00

Flag question

Question text
One of the most condition reasons why projects undergo scope change is

Select one:
a. Lack of resources
b. Poorly defined statement of work
c. Lack of Funding
d. Poor Work breakdown structure

Question 3
Not yet answered
Marked out of 1.00

Flag question
Question text
Top - down approach is used for time and cost estimating when

Select one:
a. Unstable scope
b. Customer wants details
c. Cost and time are important
d. Fixed - price contract

Question 4
Not yet answered
Marked out of 1.00

Flag question

Question text
When an unusual amount of uncertainty surrounds a project, we use

Select one:
a. Range Estimating
b. Phase Estimating
c. Top-down approach
d. Bottom-up approach

Question 5
Not yet answered
Marked out of 1.00

Flag question

Question text
The high risk and high vale projects are called

Select one:
a. bread and butter project
b. Oysters
c. Pearls
d. White elephants

Question 6
Not yet answered
Marked out of 1.00

Flag question

Question text
If Internal rate of return is less than the cost of capital

Select one:
a. Accept the project
b. Indifferent
c. Postpone the project
d. Reject the project

Question 7
Not yet answered
Marked out of 1.00

Flag question

Question text
The source of many estimating risks is

Select one:
a. Lack of management support during estimating
b. Poorly defined requirements
c. An inexperienced project manager
d. All of the above

Question 8
Not yet answered
Marked out of 1.00
 Flag question

Question text
Time - Constrain and Cost - Acceptable means

Select one:
a. Time is optimized, cost overrun/under run is not acceptable
b. Time is fixed , cost can be optimized
c. Time is fixed, cost overrun/under run is acceptable
d. Time is fixed, cost is fixed

Question 9
Not yet answered
Marked out of 1.00

Flag question

Question text
The length of time required to recover the initial cash outlay on the project taking into account time
value of money is called

Select one:
a. Payback period
b. Internal rate of return
c. Discounted payback period
d. Return of Investment

Previous page

Question 10
Not yet answered
Marked out of 1.00

Flag question
Question text
The Bottom-up Approach for time and cost estimating is used when

Select one:
a. Strategic and decision-making
b. Fixed price contract
c. Unstable Scope
d. High uncertainty in project

Question 11
Not yet answered
Marked out of 1.00

Flag question

Question text
Phase Estimating uses the following system over the life cycle of the project

Select one:
a. None of the above
b. Three-time estimate
c. All of the above
d. Two-time system
e. One - time estimate

Question 12
Not yet answered
Marked out of 1.00

Flag question

Question text
A significant event in a project that occurs at a point in time is called

Select one:
a. Objective
b. Deleverable
c. Milestones
d. Exclusions

Question 13
Not yet answered
Marked out of 1.00

Flag question

Question text
Increase in unsecured loans and deposits will be tabulated under

Select one:
a. Disposition of Funds
b. All of the above
c. Sources of Funds
d. None of the above

Question 14
Not yet answered
Marked out of 1.00

Flag question

Question text
Estimating pitfalls can result from

Select one:
a. Failure to account for risks in the estimate
b. Poorly defined statement of work
c. Using the wrong estimating techniques
d. All of the above

Question 15
Not yet answered
Marked out of 1.00
 Flag question

Question text
"Must to do" projects are called

Select one:
a. Strategic Projects
b. Compliance Projects
c. Operational Projects
d. All of the above

Question 16
Not yet answered
Marked out of 1.00

Flag question

Question text
Which of the following is a valid way of evaluating the financial feasibility of a project

Select one:
a. Return on Investment
b. All of the above
c. Internal rate of return
d. Net Present Value

Question 17
Not yet answered
Marked out of 1.00

Flag question

Question text
When the project size and scope are small, we prefer
Select one:
a. Process break down structure
b. Organization break down structure
c. Responsibility Matrix
d. Work breakdown structure

Question 18
Not yet answered
Marked out of 1.00

Flag question

Question text
The change control board, of which you are a member approves a significant scope change. The
first document that the project manager should updated would be the

Select one:
a. Scope baseline
b. Budget
c. Work break down structure
d. Schedule

Question 19
Not yet answered
Marked out of 1.00

Flag question

Question text
When work packages have significant uncertainty associated with the time or cost to complete, we
use

Select one:
a. Bottom-up approach
b. Top-down approach
c. Range estimating
d. Phase Estimating
Question 20
Not yet answered
Marked out of 1.00

Flag question

Question text
One of your contractors sends you an e-mail request to use high quality raw materials in your project
stating that this will be value-added and improve quality. What should be the project manager do
first?

Select one:
a. Ask the contractor to put forth a change request
b. Change the work break down structure
c. Change the scope baseline
d. Ask your sponsor for his or her opinion

Previous page

Question 21
Not yet answered
Marked out of 1.00

Flag question

Question text
For a project, if Net Benefit cost ratio is greater than 0

Select one:
a. Indifferent
b. Accept the project
c. Reject the project
d. Postpone the project

Question 21
Not yet answered
Marked out of 1.00
 Flag question

Question text
For a project, if Net Benefit cost ratio is greater than 0

Select one:
a. Indifferent
b. Accept the project
c. Reject the project
d. Postpone the project

Question 22
Not yet answered
Marked out of 1.00

Flag question

Question text
The lowest level of work break down structure is called

Select one:
a. Deleverables
b. Work Accounts
c. Work Package
d. Lowest Deliverables

Question 23
Not yet answered
Marked out of 1.00

Flag question

Question text
The document that officially sanctions the project is the
Select one:
a. Project Plan
b. Feasibility Study
c. Project Charter
d. Cost-benefit analysis

Question 24
Not yet answered
Marked out of 1.00

Flag question

Question text
The work breakdown structure "control points" for the management of a project are the

Select one:
a. Activities
b. Constraints
c. Milestones
d. Work Packages

Question 25
Not yet answered
Marked out of 1.00

Flag question

Question text
Delphi Method is used in the following estimating methods

Select one:
a. Consensus Method
b. Ratio Method
c. Apportion Method
d. Function Points