Project Management MCQ Quiz Hub

1. Which one of the following is a role of BIFR?
Securing the timely detection of Sick and Potentially Sick Companies
Speedy determination by group of experts about various measures to be taken in respect of sick company
Both a and b
None of the Above

2. For rehabilitating a sick unit, role of Industry Associations include
Installed Capacity Utilisation in industry
Checking the growth trends
Checking the problems
All of the above

3. Government Policies as an external cause of sickness includes
Unfavourable Government Policies
Lack of Support from Government
Taxation and Licensing
All of the above

4. What does IRBI stand for?
Industrial Reconstruction Bank of India
Industrial Rehabilitation Bank of India
Industrial Refinance Bank of India
Industrial Revenue Bank of India

5. When a company has been financed by consortium of banks, who has to report toBIFR about the sickness?
Lead Bank
Participating Banks
Company
None of the Above

6. Managers should manage their firm’s resources with the prime objective of ___
Employee Satisfaction
Fulfillment of Tax Obligations
Enhancing the firm’s Market Value
None of the Above

7. Cotton is an example of ________ raw material.
Mineral Product
Industrial Product
Marine Product
none of the above

8. End use method of demand forecasting involves
Identify the possible uses of product
Define the consumption coefficient of the Product for various uses
Both a and b
None of the above

9. How can organisational structures that are characterised by democratic and inclusive stylesof management be described?
Hierarchical
Bureaucratic
Flat
Functional

10. The cost reduction technique in comparison to the worth of a product is known as
Reverse engineering
Value engineering
Material engineering
Quality engineering

11. Value analysis examines the
Design of every component
Method of manufacturing
Material used
All of the above

12. Who is named as Father of Value Analysis?
Lawrence D. Miles
George Terborgh
Michael Jucius
Edwin B. Flippo

13. Constructive and destructive conflict are distinguished from each other in which of the following ways?
constructive conflict is We-oriented; destructive conflict is Me-oriented
constructive conflict is characterized by de-escalation of the conflict; destructive conflict is characterized by escalation of the conflict
constructive conflict is characterized by cross-complaining; destructive conflict is characterized by flexibility
Both a and b

14. Constructive and destructive anger can be distinguished from each other by the
intensity of the anger
flexibility of the anger
duration of the anger
both a and c

15. Which of the following is not a characteristic of conflict?
expressed struggle
independent parties
perceived incompatible goals
perceived interference for outside parties

16. Which of the following can be validly concluded from research on intercultural conflict management?
collectivist and individualist cultures typically favor different conflict management styles
the key to effective intercultural conflict management is flexible use of conflict management styles
disagreement should be discouraged when communicating with individuals from diverse cultures
Both a and b

17. Which of the following is a tactic of avoiding conflict?
competing
stonewalling
autonomy
compromising

18. What are the two types of change management?
Real change and superficial change
Incremental change and circular change
Radical change and transformational change
Incremental change and tr

19. In high collectivist cultures, leaders need to emphasize:
Long-tem implications of the change on the wider community
Short- term implications of the change on the wider community
Material implications of the change on the wider community
Personal implications of the change on the wider community

20. In high power distance cultures:
change tends to be implemented top down.
change tends to be implemented bottom up.
leaders must consult lower level employees.
change tends to be implemented horizontally.

21. The three stages of the change process are:
unfreezing, adjustment, and refreezing.
adjustment, unfreezing, and refreezing.
adjustment, unfreezing, and re-adjustment.
adjustment, re-adjustment, and unfreezing.

22. The five stages of the coping cycle are (in order):
Denial, defence, discarding, adaptation, internalization
Defence, denial, discarding, adaptation, internalization
Denial, resistance, discarding, adaptation, internalization
Denial, defence, resistance, adaptation, internalization

23. Dunphy and Stace (1993) identified:
Three styles of change management
Two styles of change management
Four styles of change management
Five styles of change management

24. How will conflicts over resources/facility usage between this and other projects be settled?", is critically settled at level
Main program
Project formation
Project Buildup
Project Buildup

25. Level which includes disposition of project’s assets and personnel, is
First Stage
Second Stage
Third stage
Fourth stage

26. A mean for monitoring and controlling organization's strategic projects is
Project Monitoring process
Project Portfolio Process
Project Portfolio Plan
Project Portfolio Phase

27. Projects provide an excellent growth environment for future executives and for developing
Sales skills
Manufacturing skills
Managerial skills
Execution skills

28. Favored technique for resolving conflict is
Negotiating
Conciliation
Removal of participants
Not entertaining them

29. What is the critical path through the network above?
ABGHIF
ABDEF
ABGHIF& ABDEF
ABCEF

30. What would be the critical path if the duration of activity C increased to 10?
ABCF
ABCEF
ABGHIF
ABGHIF & ABDEF

31. If the Earned Value is equal to Actual Cost, it means:
Project is on budget and on schedule
Schedule Variance Index is 1
There is no schedule variance
There is no cost variance

32. A critical path network diagram does NOT:
Help determine the amount of float
Identify the particularly important activities
Calculate earned value
Calculate the duration of the whole project

33. A Gantt chart is used to show a project timeline diagramatically.
True
False
none
all

34. Changes to the project involve moving from:
Project control stage to project definition stage
Project control stage to project planning stage
Project control stage to understanding the project environment stage
None of the above

35. The project life cycle consists of
Understanding the scope of the project
Objectives of the project
Formulation and planning various activities
All of the above

36. Developing a technology is an example of
Process
Project
Scope
All of the above

37. Resource requirement in project becomes constant while the project is in its _____ progress stage.
40 to 55%
55 to 70%
70 to 80%
80 to 95%

38. Five dimensions that must be managed on a project
Constraint, Quality, Cost, Schedule, Staff
Features, Quality, Cost, Schedule, Staff
Features, priority, Cost, Schedule, Staff
Features, Quality, Cost, Schedule, customer

39. Considers the total cost of ownership, or development plus support costs, for a project.
Learning Curve Theory
Life Cycle Costing
Parametric Modeling
Rate of Performance

40. A time-phased budget that project managers use to measure and monitor cost performance.
Cost Baseline
Cost Budgeting
Cost Estimating
Cost Variance

41. Costs that are not directly related to the products or services of the project, but are indirectly related to performing the project.
Intangible Costs
Sunk Cost
Tangible Costs
Indirect Costs

42. Relationship based on unrelated level of activity and past data of cost is measured withhelp of
cost estimation
price estimation
unit estimation
production estimation

43. In estimation of cost functions, variations in a single activity level represents the
related total costs
related fixed cost
related variable cost
related per unit cost

44. The latest finish time for an activity:
Equals the min. of LFT − t for all immediate successors
Equals the max. of LFT − t for all immediate predecessors.
Equals the max. of EST + t for all immediate predecessors.
Equals the min. of EST + t for all immediate successors.

45. Which of the following statements is true?
PERT is considered as a deterministic approach and CPM is a probabilistic techniques.
PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach.
PERT and CPM are both probabilistic techniques.
PERT and CPM are both considered as deterministic approachs.

46. In corporate costs, cost incurred to finance construction of new equipment are classified as
treasury costs
discretionary costs
human resource management costs
corporate administration costs

47. An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed.
Random Chance
Disaster
Risk
Hazard

48. The cost impact of a risk event occurring as a project proceeds through its life cycle tends to
Slowly rise
Slowly drop
Drop sharply and then level out
Rise sharply and then level out

49. Evaluation process of proposed projects or groups of projects is known as:
Project Analysis
Project Compilation
Project selection
Project Documentation

50. Nature of interrelationships between components in a system defines the
Function of system
Structure of system
Environment of system
Platform of system

51. Listing goals of each existing and proposed project is first step in
Data Collection
Establishment of Project council
Prioritizing the projects
Identification of project categories

52. For any project word objective is held to be synonymous with
Fact
Option
Opinion
Assumption

53. Which of these is not one of the constraints of a project?
Scope
Resources
Team
Budget

54. Which of the following is not correct about initial phase of a project?
The cost associated at the beginning of the project is highest.
Stakeholders have maximum influence during this phase
The highest uncertainty is at this stage of the project.
All the above statements are correct.

55. Which is the first stage in the project management model?
Understanding the project environment
Project definition
Project control
Project planning

56. A clear hierarchy of objectives in the project definition would NOT normally contain:
The purpose
An End result
Success criteria
Control mechanisms

57. Which of the following is a factor that influences project selection?
Perceived and real needs
List of potential and ongoing projects
Current organizational environment
All of the above

58. The primary deliverable from the project identification and selection phase is a:
schedule of specific IS development projects.
Statement of Work.
mission statement.
design strategy.

59. When classifying and ranking projects, which of the following refers to the amount and type of resources the project requires and their availability?
Value chain availability
Business placement
Resource availability
Potential benefits

60. When classifying and ranking projects, which of the following refers to the extent to which the project is viewed as helping the organization achieve its strategic objectives and longterm goals?
Resource availability
Business placement
Strategic alignment
Potential benefits