Q1 The lowest level of work break down structure is called

a. Work Accounts
b. Work Package
c. Lowest Deliverables
d. Deleverables

Q2 Which of the following generally cannot be validated using a work breakdown

structure

a. Quality control
b. Cost control
c. Risk Management
d. Schedule control

Q3 A significant event in a project that occurs at a point in time is called

a. Milestones
b. Deleverable
c. Objective
d. Exclusions

Q4 If Internal rate of return is less than the cost of capital

a. Accept the project

b. Reject the project
c. Indifferent
d. Postpone the project

Q5 For a project, if Net Benefit cost ratio is greater than 0

a. Accept the project

b. Reject the project
c. Postpone the project
d. Indifferent
Q6 Phase Estimating uses the following system over the life cycle of the project

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

Q7 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

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

Q8 Time - Constrain and Cost - Acceptable means

a. Time is fixed, cost overrun/under run is acceptable

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

Q9 When the project size and scope are small, we prefer

a. Organization break down structure

b. Responsibility Matrix
c. Process break down structure
d. Work breakdown structure

Q10 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?

a. Change the scope baseline

b. Ask the contractor to put forth a change request
c. Ask your sponsor for his or her opinion
d. Change the work break down structure
Q11 One of the most condition reasons why projects undergo scope change is

a. Poorly defined statement of work

b. Lack of resources
c. Lack of Funding
d. Poor Work breakdown structure

Q12 "Must to do" projects are called

a. All of the above

b. Operational Projects
c. Strategic Projects
d. Compliance Projects
Q13 Delphi Method is used in the following estimating methods

a. Ratio Method
b. Function Points
c. Apportion Method
d. Consensus Method

Q14 Which of the following is a valid way of evaluating the financial feasibility of a project

a. Net Present Value

b. All of the above
c. Internal rate of return
d. Return on Investment

Q15 When an unusual amount of uncertainty surrounds a project, we use

a. Bottom-up approach
b. Phase Estimating
c. Range Estimating
d. Top-down approach
Q16 The source of many estimating risks is

a. Poorly defined requirements

b. Lack of management support during estimating
c. All of the above
d. An inexperienced project manager

Q17 The Bottom-up Approach for time and cost estimating is used when

a. High uncertainty in project

b. Strategic and decision-making
c. Fixed price contract
d. Unstable Scope

Q18 Top - down approach is used for time and cost estimating when

a. Fixed - price contract

b. Cost and time are important
c. Customer wants details
d. Unstable scope

Q19 The high risk and high vale projects are called

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

Q20 The work breakdown structure "control points" for the management of a project are
the

a. Constraints
b. Milestones
c. Work Packages
d. Activities
Q21 The length of time required to recover the initial cash outlay on the project taking
into account time value of money is called

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

Q22 The document that officially sanctions the project is the

a. Feasibility Study
b. Cost-benefit analysis
c. Project Plan
d. Project Charter

Q23 Increase in unsecured loans and deposits will be tabulated under

a. None of the above

b. Disposition of Funds
c. All of the above
d. Sources of Funds

Q24 Estimating pitfalls can result from

a. All of the above

b. Failure to account for risks in the estimate
c. Poorly defined statement of work
d. Using the wrong estimating techniques

Q25 When work packages have significant uncertainty associated with the time or cost to
complete, we use

a. Bottom-up approach
b. Range estimating
c. Phase Estimating
d. Top-down approach