Project Management MCQ Quiz Hub

1. During feasibility analysis it is necessary to examine several alternative solutions because (i) a comparison of alternatives will lead to a cost-effective solution (ii) a pre-conceived single solution may turn out to be unimplementable (iii) it is always good to examine alternatives (iv) management normally looks at alternatives
i and iii
i and iv
i and ii
ii and iv

2. The following are the most important points of a detailed system proposal (i) who will supply and install the required equipment (ii) cost-benefit analysis (iii) comparison of alternative solutions (iv) implementation plan
i, ii and iii
i, iii and iv
ii, iii and iv
ii and iii

3. The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business is known as a:
feasibility analysis
business plan
strategic analysis
industry analysis

4. The following assumptions are made in case of break even analysis, except
All fixed costs are fixed
All variable costs are fixed
The prices of input factors are constant
Volume of production and volumes of sales are equal

5. At breakeven point there is
Profit
Loss
No profit or loss
None of these

6. Which of the following should be taken into account when planning a project?
Social environment
Political environment
Operational environment
All of the above

7. Improvement efforts are determined by:
Criticality of problems
Current performance
Priorities for future output
All of the above

8. Performance measurement is:
The determination of improvement efforts.
The process of quantifying action.
The improvement of operations.
The planning and control of operations.

9. Performance relating to the five operations’ objectives can be plotted on which type of diagram?
Quality
Outcome
Polar
Satisfaction

10. Which kind of standards are those that are set arbitrarily to reflect some level of performance that is regarded as appropriate or reasonable?
Competitor performance standards
Target performance standards
Historical standards
Absolute performance standards

11. For a police department, using competitor performance standards, a competitor might be:
A fire service
A foreign police authority
A similar police department
All of the above

12. What approach is used to compare organisation operations with those of other companies?
SWOT analysis
PERT analysis
Benchmarking
Competitor performance assessment

13. The origins of benchmarking as it is used today go back to which company?
Microsoft
Toyota
Xerox
McDonald’s

14. A comparison between operations or parts of operations that are within the same total organisation is called:
Internal benchmarking
Competitive benchmarking
Non-competitive benchmarking
External benchmarking

15. Benchmarking against external organisations that do not compete directly in the same markets is called:
Non-competitive benchmarking
Collaborative benchmarking
Practice benchmarking
Non-assault benchmarking

16. Which of the following is regarded as a fundamental flaw in the whole concept ofbenchmarking?
It limits improvements to currently accepted methods of operating.
It does not involve learning.
It limits critical thinking.
It is not a continuous process.

17. What matrix positions each factor according to its performance and its importance?
Performance importance matrix
Performance importance matrix
Importance performance matrix
Customer assessment matrix

18. What do the letter ‘D’ and ‘I’ stand for in Deming’s cycle of improvement?
Design and improve
Develop and implement
Design and implement
Define and improve

19. Ishikawa Diagrams are another name for what technique of improvement?
Cause-effect diagrams
Input-output analysis
Process maps
Scatter diagrams

20. The principles of the business process re-engineering (BPR) approach do NOT include:
Checking that all internal customers act as their own suppliers to identify problems.
Scrapping any process line over two years old and starting again from scratch.
Striving for improvements in performance by radical rethinking and redesigning the process.
Rethinking business processes cross-functionally to organise work around natural information flows.

21. Qualifying competitive factors are those which:
Directly win business for the operation.
Need to be better than a good industry standard.
Are relatively unimportant compared with the others.
May not win extra business if the operation improves its performance but can certainly lose business if performance falls below a particular point.

22. Which of the following is not a tool and technique used in the process of Plan Risk Responses
Contingent Response Strategies
Expert Judgment
Risk and Impact Matrix
Strategies for positive risks or opportunities

23. During which stage of Risk planning are modeling techniques used to determine overall effects of risks on project objectives for high probability, high impact risks?
Identify Risks
Plan Risk responses
Perform Qualitative risk analysis
Perform Quantitative risk analysis

24. Supplier risk is highest with ______
Cost plus incentives fee.
Cost sharing.
Firm fixed price contract.
Fixed price plus incentives.

25. You have just completed Qualitative Risk Analysis of the project. What should you bedoing next?
Plan Risk Management
Perform Quantitative Risk Analysis
Plan Risk Responses
Control Risks

26. Risk Management Plan may include
Budgeting, Timing, Thresholds, Methodology
Risks, Triggers, Inputs to other processes
Avoided, Transferred, Mitigated and Accepted Risks
Risk Response Audits, Earned Value Analysis, Technical Performance Measurement

27. Reserve analysis is NOT a Tool/Technique in which of the following processes?
Cost Estimation
Activity Duration estimation
Cost Budgeting
Activity Resource Estimation

28. Which of the following is not a tool or technique used during the Risk Quantification Process?
Risk Categorization
Contingency planning
Probability and Impact Matrix
Risk Data Quality Assessment

29. Risk management is responsibility of the
Customer
Investor
Developer
Project team

30. What is associated with product risk?
Control of test item
Negative consequences
non-availability of test environment
Test object

31. A _____ is a temporary endeavor undertaken to create a unique product service orresult.
Assignment
Product
Research
project

32. Assembling project team and assigning their responsibilities are done during which phaseof a project management?
Initiation
Planning
Execution
Closure

33. The basic nature of a project is a/an _____ one.
permanent
temporary
(A) or (B)
Both (A) and (B)

34. The structure of a project will vary depending on the _________to provide.
benefits it is intended
Structure
Schedule
Assignment

35. A process that involves continuously improving and detailing a plan as more detail becomeavailable is termed as
project analysis
project enhancing
progressive deliberation
progressive elaboration

36. A program is usually a group of
plans
people and work
related projects
unrelated projects

37. Which from the following statement(s) is/are NOT true? I. Projects have defined objectives II. Programs have a larger scope than projects III. The projects and programs in a portfolio must be directly related
I only
II only
III only
II and III only

38. Projects management is divided in _____ process groups.
5
7
. 9
11

39. ___are avoided by providing more tangible and objective results troughout thelife cycle.
Adversarial stakeholder relationship
Documents
Preview
risk resolution

40. If any one factor of a project changes, _____ other factor(s) is/are likely to be affected.
all
one
at least one
at most one

41. Business Value =
Tangible Elements
Intangible Elements
Tangible Elements – Intangible Elements
Tangible Elements + Intangible Elements

42. Which from the following is NOT a tangible element?
Fixtures
Trademarks
Monetary assets
Stockholder equity

43. A horizontal bar chart that shows project tasks against a calendar is called
milestone
goal
Gantt chart
PERT chart

44. Which from the following represents the correct project cycle?
Planning→Initiating→Executing→Closing
Planning→Executing→Initiating→Closing
Initiating→Planning→Executing→Closing
Initiating→Executing→Planning→Closing

45. The strategy used to correct resource over-allocations by balancing demand for resourcesand the available supply is known as
resource assignment
resource leveling
resource splitting
resource scheduling

46. The statistical tool that depicts a project’s tasks and the relationships between those tasks is known as
milestone
goal
Gantt chart
PERT chart

47. Which of the following is NOT a part of project management?
initiating
monitoring
closing
All above are parts

48. The scope of the work is defined in which phase of the project management?
Initiating
Planning
Executing
Closing