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PM Quiz 2

This document contains 20 multiple choice questions about project management topics such as work breakdown structures, estimating techniques, milestones, and risk management. For each question, the respondent is asked to select the best answer from the given options but has not yet answered any of the questions.

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rajesh
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100 views9 pages

PM Quiz 2

This document contains 20 multiple choice questions about project management topics such as work breakdown structures, estimating techniques, milestones, and risk management. For each question, the respondent is asked to select the best answer from the given options but has not yet answered any of the questions.

Uploaded by

rajesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The work breakdown structure "control points" for the management of a project are the

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

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

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

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

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

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Time - Constrain   and Cost - Acceptable means

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

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

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

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The high risk and high vale projects are called

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

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The document that officially sanctions the project is the

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

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"Must to do" projects are called

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

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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. Schedule
b. Budget
c. Work break down structure
d. Scope baseline
Question 10
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When work packages have significant uncertainty associated with the time or cost to
complete, we use

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

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Estimating pitfalls can result from

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

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

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

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

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When the project size and scope are small, we prefer

Select one:
a. Organization break down structure
b. Responsibility Matrix
c. Process break down structure
d. Work breakdown structure

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The lowest level of work break down structure is called

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

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

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

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

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

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

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

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

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

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Delphi Method is used in the following estimating methods

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

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