The document contains 25 multiple choice questions about project management topics such as project types, organizational structures, project life cycles, demand forecasting, and project success criteria. Key areas covered include the differences between projects and routine work, factors that influence the appropriate organizational structure for projects, and phases in a typical project life cycle.
The document contains 25 multiple choice questions about project management topics such as project types, organizational structures, project life cycles, demand forecasting, and project success criteria. Key areas covered include the differences between projects and routine work, factors that influence the appropriate organizational structure for projects, and phases in a typical project life cycle.
Select one: a. Developing a supply chain information system b. Writing a term paper c. Attaching tags to a manufactured product d. Setting up a power plant 2. In which type of matrix structure would a project manager most likely have a command of technology Select one: a. Weak Matrix b. Balanced Matrix c. Cross-cultural matrix d. Strong Matrix 3. As the plant capacity increases, the investment cost per unit Select one: a. zero b. increases c. decreases d. remain the same 4. 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. Projectized b. Weak Matrix c. Strong Matrix d. Traditional Functional 5. Compression of the Product Life Cycle results in Select one: a. producing products in lesser time b. changing the variety of products c. lesser products in longer time d. more products in longer time 6. If the organization has very few projects, it should go for Select one: a. Dedicated teams b. Projectized c. Matrix type d. Traditional Functional 7. The major difference between a project and a program is usually Select one: a. Role of the sponsor b. Role of the line manager c. time frame d. specifcations 8. If 80% of the work involves projects, then the organization should consider Select one: a. Matrix type b. Traditional Functional c. Projectiized d. Dedicated Team 9. 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. 0.50 d. 1.50 10. The requirement of machinery and equipment is dependent on Select one: a. type of product b. production technology c. all of the above d. plant capacity 11. The qualitative method for demand forecasting is Select one: a. Delphi Method b. Moving Average Method c. Exponential Smoothing Method d. Trend Projection Method 12. 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. 0.53 d. 1.00 13. The training to customers and transfer of documents take place in Select one: a. Delivery Phase b. Planning Phase c. Defining Phase d. Execution Phase 14. Projects that remain almost entirely within one functional area are best managed by the Select one: a. functional manager b. Assigned functional employees c. project sponsor d. project manager 15. In which organizational form does the project manager often have the least amount of authority Select one: a. Strong Matrix b. Projectiized c. Traditional Functional d. Weak Matrix 16. Scope and specifications are dealt in Select one: a. Planning Phase b. Execution Phase c. Defining Phase d. Delivery Phase 17. Having too many life cycle phases may be detrimental because Select one: a. Executive sponsors will become invisible b. Executive sponsors will micromanage c. the project manager will need to develop many different plans for each phase d. the project manager will spend too much time planning for gate-review meetings rather than managing the phases 18. In which organization form is the project manager least likely to share resources with other projects Select one: a. Projectized b. Traditional Functional c. Strong Matrix d. Weak Matrix 19. Integrated Project Management relates to integrating the project with Select one: a. strategic plan of the organization b. financial plan of the organization c. functional plans of the organization d. competitor's plan of the organization 20. If an organization has both standard products and projects, it should go for Select one: a. Projectized b. Dedicated team c. Traditional Functional d. Matrix type 21. What is a project? Select one: a. Routine non-repetitive work b. Routine repetitive work c. Non-Routine repetitive work d. Non-Routine non-repetitive work 22. The grouping of projects is called Select one: a. Project Template b. Business Plan c. Program d. Business Template 23. The level of effort is maximum in the following phase of any project life cycle Select one: a. Delivering b. Planning c. Defining d. Executing 24. 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 25. 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 a success if the termination is done early enough before additional resources are squandered c. The first project is regarded as a failure d. The first project is a success if the project manager gets promoted