SUBJECT- PROJECT MANAGEMENT (SEMESTER- 4)

Sample MCQ Questions

1. Assembling project team and assigning their responsibilities are done during which phase of a
project management?
a. Initiation
b. Planning
c. Execution
d. Closure

2. The basic nature of a project is a/an _____ one.

a. Permanent
b. Temporary
c. (A) or (B)
d. Both (A) and (B)

3. The process of Control Procurements falls under which process group

a. Planning
b. Closing
c. Monitoring and Control
d. Executing s

4. A process that involves continuously improving and detailing a plan as more detail become
available is termed as
a. project analysis
b. project enhancing
c. progressive deliberation
d. progressive elaboration

5. A program is usually a group of

a. plans
b. people and work
c. related projects
d. unrelated projects

6. 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
a. I only
b. II only
c. III only
d. II and III only
7. Projects management is divided in _____ process groups.
a. 5
b. 7
c. 9
d. 11

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 8. The scope of the work is defined in which phase of the project management?
a. Initiating
b. Planning
c. Executing
d. Closing

9. How the project work will be carried out, monitored, and controlled? These questions are ed in
which phase of the project management?
a. Initiating
b. Planning
c. Executing
d. Closing

10. The review of the successes and the mistakes is normally held during _____ phase.
a. initiation
b. planning
c. execution
d. closure

11. A ____ is a set of activities which are networked in an order and aimed towards achieving the
goals of a project.
a. Project
b. Process
c. Project management
d. Project cycle

12. Resources refers to

a. Manpower
b. Machinery
c. Materials
d. All of the above

13. Developing a technology is an example of

a. Process
b. Project
c. Scope
d. All of the above

14. The project life cycle consists of

a. Understanding the scope of the project
b. Objectives of the project
c. Formulation and planning various activities
d. All of the above

15. Following is(are) the responsibility(lies) of the project manager.

a. Budgeting and cost control
b. Allocating resources
c. Tracking project expenditure
d. All of the above

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 16. Following are the phases of Project Management Life Cycle. Arrange them in correct order
1.Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery
a. 3-2-1-4
b. 1-2-3-4
c. 2-3-1-4
d. 4-3-2-1

17. Design phase consist of

a. Input received
b. Output received
c. Both (A) and (B)
d. None of the above

18. Project performance consists of

a. Time
b. Cost
c. Quality
d. All of the above

19. Five dimensions that must be managed on a project

a. Constraint, Quality, Cost, Schedule, Staff
b. Features, Quality, Cost, Schedule, Staff
c. Features, priority, Cost, Schedule, Staff
d. Features, Quality, Cost, Schedule, customer

20. Resource requirement in project becomes constant while the project is in its _____ progress stage.
a. 40 to 55%
b. 55 to 70%
c. 70 to 80%
d. 80 to 95%

21. The probability of completing the project can be estimated based upon the ____ .
a. Uniform distribution curve
b. Normal distribution curve.
c. U-shaped distribution curve
d. None of the above

22. In the initial stage of the project the probability of completing the project is ___ .
a. Zero
b. High
c. Low
d. Any of the above

23. The entire process of a project may be considered to be made up on number of sub process placed
in different stage called the
a. Technical key resources

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 b. Work key structure
c. Work Breakdown Structure (WBS).
d. None of the above

24. Tool used for comparison of the proposed project to complete projects of a similar nature whose
costs are known.
a. Algorithmic model
b. Expert judgment
c. Top down
d. Analogy

25. Each component of the software product is separately estimated and the results aggregated to
produce an estimate for the overall job.
a. Algorithmic model
b. Expert judgment
c. Bottom-up
d. Top down

26. 26-Following is (are) the component(s) of risk management

a. Risk Assessment
b. Risk Control
c. Risk Ranking
d. All of the above

27. Following are the characteristics of Project Mindset.

a. Time, Responsiveness, Information sharing, Processes, structured planning
b. Time, Project management, Information sharing, Processes, structured planning
c. Time, Responsiveness, Information sharing, capability, structured planning
d. Time, Responsiveness, Information sharing, Processes, project planning

28. Devising and maintaining a workable scheme to accomplish the business need” is
a. Initiating process
b. Planning process
c. Executing process
d. Controlling process

29. Controlling the changes in the project may affect

a. The progress of the project
b. Stage cost
c. Project scope
d. All of the above

30. Following is (are) the tool(s) for changing a process

a. Change Management System (CMS)
b. Configuration Management (CM)
c. Both (A) and (B)
d. None of the above

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 31. Which of these is not one of the constraints of a project?
a. Scope
b. Resources
c. Team
d. Budget

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

33. The project you are managing has nine stakeholders. How many channels of communications are
there between these stakeholders?
a. 9
b. 8
c. 45
d. 36

34. Which of the following is not an example of formal communication?

a. Contract
b. email
c. Project status report
d. Status meeting

35. A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can
BEST describe the difference of $5,000?
a. Cost Variance
b. Management Overhead
c. Management Contingency Reserve
d. Schedule Variance

36. If the Earned Value is equal to Actual Cost, it means:

a. Project is on budget and on
b. Schedule Variance Index is 1
c. There is no schedule variance
d. There is no cost variance

37. Andrew has joined as the Project Manager of a project. One of the project documents available to
Andrew lists down all the risks in a hierarchical fashion. What is this document called?
a. Risk Management Plan.
b. List of risks.

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 c. Monte Carlo diagram.
d. Risk Breakdown Structure.

38. During which stage of Risk planning are risks prioritized based on probability and impact?
a. Identify Risks
b. Plan Risk responses
c. Perform Qualitative risk analysis
d. Perform Quantitative risk analysis s

39. Activity Definition is typically performed by which of the following:

a. Project Manager who created the WBS
b. Project Team Members responsible for the work package
c. Project Officer
d. Project Stakeholder

40. Which of the following does NOT generate changes to the Project documents?
a. Define Activities
b. Sequence Activities
c. Estimate Activity Resources
d. Estimate Activity Durations

41. is a set of activities which are networked in an order and aimed towards achieving the goals of
project?
a. Project
b. Process
c. Project management
d. Project cycle
42. Resources refers to
a. Manpower
b. Machinery
c. Materials
d. All of the above

43. Developing a technology is an example of

a. Process
b. Project
c. Scope
d. All of the above

44. The project life cycle consists of

a. Understanding the scope of the project
b. Objectives of the project

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 c. Formulation and planning various activities
d. All of the above

45. Following is(are) the responsibility(lies) of the project manager.

a. Budgeting and cost control
b. Allocating resources
c. Tracking project expenditure
d. All of the above

46. Following are the phases of Project Management Life Cycle. Arrange them in correct order
1.Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery
a. 3-2-1-4
b. 1-2-3-4
c. 2-3-1-4
d. 4-3-2-1

47. Design phase consist of

a. Input received
b. Output received
c. Both (A) and (B)
d. None of the above

48. Project performance consists of

a. Time
b. Cost
c. Quality
d. All of the above

49. Five dimensions that must be managed on a project

a. Constraint, Quality, Cost, Schedule, Staff
b. Features, Quality, Cost, Schedule, Staff
c. Features, priority, Cost, Schedule, Staff
d. Features, Quality, Cost, Schedule, customer

50. Resource requirement in project becomes constant while the project is in its _____ progress stage.
a. 40 to 55%
b. 55 to 70%
c. 70 to 80%
d. 80 to 95%

51. The probability of completing the project can be estimated based upon the ____ .
a. Uniform distribution curve
b. Normal distribution curve.
c. U-shaped distribution curve
d. None of the above

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 52. In the initial stage of the project the probability of completing the project is ___ .
a. Zero
b. High
c. Low
d. Any of the above

53. The entire process of a project may be considered to be made up on number of sub process placed
in different stage called the
a. Technical key resources
b. Work key structure
c. Work Breakdown Structure (WBS).
d. None of the above

54. Tool used for comparison of the proposed project to complete projects of a similar nature whose
costs are known.
a. Algorithmic model
b. Expert judgment
c. Top down
d. Analogy

55. Each component of the software product is separately estimated and the results aggregated to
produce an estimate for the overall job.
a. Algorithmic model
b. Expert judgment
c. Bottom-up
d. Top down

56. Following is (are) the component(s) of risk management

a. Risk Assessment
b. Risk Control
c. Risk Ranking
d. All of the above

57. Following are the characteristics of Project Mindset.

a. Time, Responsiveness, Information sharing, Processes, structured planning
b. Time, Project management, Information sharing, Processes, structured planning
c. Time, Responsiveness, Information sharing, capability, structured planning
d. Time, Responsiveness, Information sharing, Processes, project planning

58. “Devising and maintaining a workable scheme to accomplish the business need” is
a. Initiating process
b. Planning process

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 c. Executing process
d. Controlling process

59. Controlling the changes in the project may affect

a. The progress of the project
b. Stage cost
c. Project scope
d. All of the above

60. Following is (are) the tool(s) for changing a process

a. Change Management System (CMS)
b. Configuration Management (CM)
c. Both (A) and (B)
d. None of the above

61. PERT analysis is based on

a. Optimistic time
b. Pessimistic time
c. Most likely time
d. All the above.
62. Which of the option is not a notable challenge while scheduling a project?
a. Deadlines exist.
b. Independent activities.
c. Too many workers may be required.
d. Costly delay

63. The particular task performance in CPM is known

a. Dummy
b. Event
c. Activity
d. Contract.

64. The earliest start time rule

a. Compares the activities starting time for an activity successor.
b. Compares the activities end time for an activity predecessor.
c. Directs when a project can start.
d. Regulates when a project must begin.

65. The critical path

a. Is a path that operates from the starting node to the end node
b. Is a mixture of all paths.
c. Is the longest path
d. Is the shortest path

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 66. Completion of a CPM network diagram activity is commonly known
a. Connector
b. Event
c. Node
d. All the above.

67. Activities A, B, and C are the immediate predecessors for Y activity. If the earliest finish times
for the three activities are 12, 15, and 10, then the earliest start time for Y will be
a. 10
b. 15
c. 12
d. Cannot be determined

68. Activities P, Q and R instantly follow activity M, and their current start times are 12, 19, and 10.
Therefore, the latest finish time for activity M is
a. 11
b. 10
c. 18
d. Cannot be determined

69. 69 PERT analysis is based on

a. Optimistic time
b. Pessimistic time
c. Most likely time
d. All the above.

70. While scheduling a project by CPM

a. project is divided into various activities
b. Required time for each activity is established
c. sequence of various activities is made according to their importance
d. All the above.

71. A project has three independent critical paths A, B and C. To reduce the project length, we have
to shorten
a. The activities of A
b. The activities of B
c. The activities of C
d. The activities of A, B, and C simultaneously.

72. Pick up the correct statement from the following:

a. Total slack is the difference between its late start and early start times
b. Total slack is the difference between its late finish and early finish times
c. The activities on the critical path have zero total slack

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 d. All the above.

73. Referring the figure state which one of the following statements, is correct:
a. The initial node of activity b is 2
b. The final node of activity b is 3
c. The initial nodes of activities b and c are the same
d. All the above.

74. In arrow diagram figure of Q. 19.119

a. Activity b is the immediate successor of the activity a
b. Activity a has two successors but no predecessor
c. The terminal nodes of activities d and e is 5
d. All the above.

75. Pick up the correct statement from the following:

a. dummy activity takes zero time to perform
b. dummy is used solely to illustrate a precedence relationship
c. The predecessor of a dummy activity is to be completed before its successor can be
begun
d. All the above.

76. Frequency distribution curves

a. having a single lump, are called unimodal curves
b. if symmetrical, are called normal curves
c. if not symmetrical, are called skew curves
d. all the above.

77. The technique for establishing and maintaining priorities among the various jobs of a project, is
known
a. Event flow scheduling technique
b. Critical ratio scheduling
c. Slotting technique for scheduling
d. Short interval scheduling.

78. The PM distributed a document to the stakeholders, which described the software to be
developed, the functionality, the users it would serve and the installation timeline. The document
was an example of:
a. Product scope
b. Project scope
c. A combination of project and product scope
d. It was not complete enough to be either a product or a project scope document

79. Each item of the Work Breakdown Structure is assigned a unique identifier. What is the name of
this identifier?

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 a. Product ID number
b. Code of accounts
c. Quality inspection identifier
d. Project activity code

80. When developing a project's scope statement, which of the following should not be included?
a. Project justification.
b. Cost/benefit analysis
c. Project deliverables
d. Measurable objectives

81. PERT analysis is based on

a. Optimistic time
b. Pessimistic time
c. Most likely time
d. All the above

82. Which of the option is not a notable challenge while scheduling a project?
a. Deadlines exist.
b. Independent activities.
c. Too many workers may be required.
d. Costly delay

83. The particular task performance in CPM is known

a. Dummy
b. Event
c. Activity
d. Contract.
84. The earliest start time rule
a. Compares the activities starting time for an activity successor.
b. Compares the activities end time for an activity predecessor.
c. Directs when a project can start.
d. Regulates when a project must begin.

85. The critical path

a. Is a path that operates from the starting node to the end node
b. Is a mixture of all paths.
c. Is the longest path
d. Is the shortest path

86. Completion of a CPM network diagram activity is commonly known

a. Connector
b. Event

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 c. Node
d. All the above.

87. Activities A, B, and C are the immediate predecessors for Y activity. If the earliest finish times
for the three activities are 12, 15, and 10, then the earliest start time for Y will be
a. 10
b. 15
c. 12
d. Cannot be determined

88. Activities P, Q and R instantly follow activity M, and their current start times are 12, 19, and 10.
Therefore, the latest finish time for activity M is
a. 11
b. 10
c. 18
d. Cannot be determined

89. PERT analysis is based on

a. Optimistic time
b. Pessimistic time
c. Most likely time
d. All the above.

90. While scheduling a project by CPM

a. A project is divided into various activities
b. Required time for each activity is established
c. A sequence of various activities is made according to their importance
d. All the above.
91. Pick up the correct statement from the following:
a. Programmed Evaluation and Review Technique, is event oriented
b. Programmed Evaluation and Review Technique is not event oriented
c. Critical Path Method is event oriented
d. Critical Path method is event oriented.

92. PERT analysis is based on

a. optimistic time
b. pessimistic time
c. most likely time
d. all the above.

93. Critical path method

a. is an improvement upon bar chart method
b. provides a realistic approach to daily problems

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 c. avoids delays which are very common in bar charts
d. All the above.

94. While scheduling a project by C.P.M.

a. a project is divided into various activities
b. required time for each activity is established
c. sequence of various activities is made according to their importance
d. All the above.

95. The performance of a specific task in CPM, is known

a. Dummy
b. Event
c. Activity
d. Contract.

96. Completion of an activity on CPM network diagram, is generally known

a. Event
b. Node
c. Connector
d. All the above.

97. An event is indicated on the network by a number enclosed in

a. a circle
b. a square
c. a triangle
d. all the above.

98. Pick up the incorrect statement from the following:

a. An activity of a project is denoted by an arrow on the net work
b. The tail of the arrow indicates the start of the activity
c. The head of the arrow indicates the end of the activity
d. The arrows are drawn to scale from left to right

99. The artificial activity which indicates that an activity following it, cannot be started unless the
preceding activity is complete, is known as
a. event
b. free float
c. dummy
d. constant.

100. A dummy activity

a. is artificially introduced
b. is represented by a dotted line

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 c. does not consume time
d. all the above.

101. The estimated time required to perform an activity, is known as

a. event
b. dummy
c. duration
d. float.

102. If D is the duration, ES and EF are the earliest start and finish, LS and LF are latest start
and latest finish time, then the following relation holds good
a. EF = ES + D
b. LS = LF? D
c. LF = LS + D
d. all the above.

103. The difference between the time available to do a job and the time required to do the job,
is known as
a. event
b. float
c. duration
d. constraint.

104. If TL is the latest allowable event occurrence time, total activity slack(s), is equal to
a. LST-EST
b. LFT- EFT
c. TL-EFT
d. all the above.

105. The critical activity has

a. maximum float
b. minimum float
c. zero float
d. none of these.

106. The time by which activity completion time can be delayed without affecting the start of
succeeding activities, is known as
a. duration
b. total flat
c. free float
d. interfering float.

107. For completion of a project, the critical path of the network represents
a. minimum time
b. maximum time
c. maximum cost

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 d. minimum cost.

108. Which one of the following represents an activity?

a. excavation for foundation
b. curing of concrete
c. setting of question paper
d. all the above.

109. Which one of the following represents an event?

a. concrete cured
b. fixing of door
c. plastering of walls
d. selecting sites

110. Pick up the correct network for the activities of pouring concrete, erection of form work,
removal of form work and curing of concrete from the following:
a. Pouring of Concrete,2. Erection of form work,3. Curing of concrete,4. Removal of form
work
b. Erection of form work ,2. Pouring of concrete3. Curing of concrete,4. Removal of form
work
c. Removal of form work 2. Erection of form work3. Pouring of concrete,4. Curing of
concrete
d. Pouring of concrete2. Curing of concrete 3. Erection of form work 4. Removal of form
work.

111. In a certain project an activity C can only be started when activities A and B have been
completed, which have no bearing on each other and can be started independently. The correct
network for the activities, is
a. Activities A and B can be started independently
b. Activity C can be started only on completion of activity A
c. Activity D can be started only on completion of activity
d. all the above

112. In a project logic, four activities M, N, 0 and P are to be completed before starting
activity Q. If the finish times of M, N, 0 and P are 12-00 hr, 14-00 hr, 15-00 hr. and 17-00 hr.
respectively, the earliest event occurrence time for the activity
a. 1200 hr.
b. 1400 hr.
c. 1500 hr.
d. 1700 hr.

113. If the total float and duration of an activity are 5 and 10 days respectively, the particular
activity can be

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 a. started 5 days later
b. completed 5 days later
c. performed at slower rate in 15 days
d. all the above.

114. Pick up the correct statement from the following :

a. The float may be positive, zero or negative
b. If the float is positive and the activity is delayed by a period equal to its total float, the
completion of project is not delayed
c. If the float of an activity is negative, delay in its performance is bound to delay the
completion of project
d. All the above.

115. Critical path lies along the activities having total float
a. positive
b. negative
c. zero
d. same.

116. Critical Path Net Work helps an engineer

a. to concentrate his attention on critical activities
b. to divert the resources from non-critical advanced activities to critical activities
c. to be cautious for avoiding any delay in the critical activities to avoid delay of the whole
project
d. all the above.

117. The time which results in the least possible construction cost of an activity, is known
a. normal time
b. slow time
c. crash time
d. standard time.

118. The technique for establishing and maintaining priorities among the various jobs of a
project is known
a. Event flow scheduling technique
b. Critical ratio scheduling
c. Slotting technique for scheduling
d. Short interval scheduling.

119. A critical ratio scheduling

a. establishes the relative priorities among various activities on a common basis
b. determines the status of each activity
c. adjusts automatically changes in activity progress

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 d. none of these.

120. If a is the optimistic time, b is the pessimistic time and m is most likely time of an
activity, the expected time of the activity, is
a. a + m + b
b. a + 2rn + b
c. a + 4m + b
d. a + 5m +b

121. A PROJECT is defined as:

a. a temporary endeavor undertaken to create any regular product.
b. a combination of human and nonhuman resources pulled together in a temporary
organization to achieve a specified purpose.
c. a routine series of tasks directed toward making profit.
d. Any single activity

122. Which of the following is a characteristic of any projects?

a. They are simple and routine business activities
b. They do not have a clear goal or set of goals
c. They have unlimited budget, schedule and resources
d. They are customer focused

123. Which processes are included in the Initiating Process Group?

a. Scope planning & Scope definition
b. Develop a project charter
c. Develop project management plan
d. Create WBS

124. Under which category of Project Selection models is the "Payback period" categorized?
a. Non-Numeric project selection model
b. Theoretical Project selection model
c. Numeric project selection model
d. Classical Project selection model

125. A document that formally authorizes the existence of a project and provides the project
manager with the authority to apply organizational resources to project activities is:
a. Project Plan
b. Project Report
c. Project Budget
d. Project Charter

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 126. Under which category of Project Selection models is the "Sacred Cow" categorized?
a. Non-Numeric project selection model
b. Theoretical Project selection model
c. Numeric project selection model
d. Classical Project selection model

127. As per the terminologies of Project Management, PMO is abbreviation of:

a. Project Management Office
b. People Management Office
c. Project Management Outcomes
d. Project Management Objectives

128. Which of the following is the correct sequence of Project Team building activities
a. Forming, Norming, Storming, Performing
b. Forming, Storming, Performing Norming
c. Forming, Performing, Storming, Norming
d. Forming, Storming, Norming, Performing

129. Which are the decisions at the GATE in Stage Gate Process?
a. Go, Kill, Hold, Recycle
b. Go, Start, Process, Recycle
c. Hold, Process, Inspect, Recycle
d. Hold, Kill, Inspect, Recycle

130. Which of the following is a Project Management Knowledge area as defined by Project
Management Institute (PMI)?
a. Project Financial Management
b. Project Personnel Management
c. Project Integration Management
d. Project Purchasing Management

131. The activity "Closure Contract" is a part of:

a. Closing Process Group
b. Monitoring and Control Process Group
c. Executing Process Group
d. Planning Process Group

132. The activity "Activity resource estimation" is a part of:

a. Closing Process Group
b. Monitoring and Control Process Group
c. Executing Process Group
d. Planning Process Group

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 133. The activity "Acquire project team" is a part of:
a. Closing Process Group
b. Monitoring and Control Process Group
c. Executing Process Group
d. Planning Process Group

134. The activity "Manage project team" is a part of:

a. Closing Process Group
b. Monitoring and Control Process Group
c. Executing Process Group
d. Planning Process Group

135. The activity "Contract Administration" is a part of:

a. Closing Process Group
b. Monitoring and Control Process Group
c. Executing Process Group
d. Planning Process Group

136. Which of the following activity is included in the “Project Integration Management”?
a. Develop project charter
b. Plan Scope Management
c. Define Scope
d. Collect requirements

137. Which of the following activity is included in the “Project Scope Management”?
a. Develop project charter
b. Collect Requirements
c. Define Activities
d. Sequence Activities

138. Which of the following activity is included in the “Project Time Management”?
a. Develop project charter
b. Collect Requirements
c. Define Activities
d. Determine Budget

139. Which of the following activity is included in the “Project Cost Management”?
a. Develop project charter
b. Collect Requirements
c. Define Activities
d. Determine Budget

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 140. The activity "Create Work Breakdown Structure (WBS)" is a part of:
a. Project Scope Management
b. Project Cost Management
c. Project Time Management
d. Project Scope Management

141. In the process to develop the Project Charter, under which category “Enterprise
Environmental Factors” are considered?
a. Inputs
b. Tools and Techniques
c. Outputs
d. Objectives

142. In the Project Network Analysis, the abbreviation "CPM" indicates:

a. Common Project Method
b. Critical Path Method
c. Critical Project Methodology
d. Casual Project Method

143. The abbreviation "PERT" used in Project Network Analysis stands for:
a. Project Examination and Rectification Technique
b. Projects Evaluation for Rapid Testing
c. Project Evaluation and Review Technique
d. Programmed Examination and Recognition Technique

144. Any Task or Operation which consumes resources like man hours, time, capital, machine
hours etc. is called as:
a. Event
b. Activity
c. Process
d. Program

145. An Event which represents the start of Multiple Activities is called as:
a. Simple Event
b. Burst Event
c. Merge Event
d. Critical Event

146. An Activity which must be completed before the start of Another activity is called as:
a. Predecessor Activity

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 b. Successor Activity
c. Dependent Activity
d. Follower Activity

147. In the Given Project Network Diagram, Activity C is _________________ of Activity D.

a. Predecessor Activity
b. Successor Activity
c. Dependent Activity
d. Follower Activity

148. Observing the Given Project Network Diagram, Select the correct Statement.

a. Activity connecting Node 3 and Node 2 is a Dummy activity.

b. Activity B is Predecessor activity for Activity A
c. Activity connecting Node 3 and Node 7 is a Dummy activity.
d. There are 4 Dummy activities involved in the Network diagram.

149. 8. In the Given Project Network Diagram, Identify the Successor Activity for Activity C :

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 a. Activity B
b. Activity A
c. Activity D
d. Activity F

150. A Dummy Activity is the one which:

a. Consumes time and Resources
b. Does not Consume any time and Resources
c. Consumes time but does not consume Resources
d. Consume human Resources

151. Project Network Analysis helps the project Manager to:

a. Maximize the Project Cost
b. Prepare the Project Charter
c. Define Project Scope
d. Optimum Utilization of Resources

152. The value of FLOAT for any Critical Activity is:

a. Always equal to ZERO
b. Always equal to One
c. Always Greater than One
d. Always between Zero and One

153. The maximum possible time taken by an activity for completion is called as:
a. Optimistic Time
b. Pessimistic Time
c. Most Likely Time
d. Expected Time

154. The "Most Likely Time" is always:

a. Greater than Pessimistic Time
b. Less than Optimistic Time

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 c. More than Optimistic Time but Less than Pessimistic Time
d. Equal to the Expected Time

155. CRITICAL PATH is the __________________Path in the Project Network.

a. Longest
b. Shortest
c. Less Resources consuming
d. Independent

156. For a certain activity, the time estimates in days are: Optimistic Time=2, Most Likely
Time=5 and Pessimistic Time=8. Determine the Expected Time for activity.
a. 5 days
b. 4 days
c. 6 days
d. 8 days

157. For a certain activity, the time estimates in days are: Optimistic Time=1, Most Likely
Time=1 and Pessimistic Time=1. Which of the following statement is correct?
a. Variance=1
b. Variance=2
c. Variance=0
d. Variance=3

158. For a certain activity, Earliest Start Time(EST)=20, Earliest Finish Time (EFT)=45, latest
Start Time (LST)= 20 and Latest Finish Time (LFT)= 45. Determine the value of TOTAL Float.
a. Total Float=20
b. Total Float=45
c. Total Float=25
d. Total Float=00

159. Which of the following is the Appropriate criterion to select any project?
a. Net Present Value (NPV) should be positive
b. Net Present Value (NPV) should be negative
c. Benefit Cost Ratio (BCR) should be less than One
d. Net Benefit Cost Ratio (NBCR) should be less than Zero

160. The demand for disposable plastic tubes for a general hospital is 300 units and 350 units
for September and October month respectively. Using 200 units as the forecasted demand for
September Month, calculate the forecasted demand for October month. Consider the value of
Smoothing constant=0.7
a. 270 units
b. 300 units
c. 350 units

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 d. 200 units

161. A ____ is a set of activities which are networked in an order and aimed towards
achieving the goals of a project.
a. Project
b. Process
c. Project management
d. Project cycle

162. Resources refers to

a. Manpower
b. Machinery
c. Materials
d. All of the above

163. Developing a technology is an example of

a. Process
b. Project
c. Scope
d. All of the above

164. The project life cycle consists of

a. Understanding the scope of the project
b. Objectives of the project
c. Formulation and planning various activities
d. All of the above

165. Following is(are) the responsibility(ies) of the project manager.

a. Budgeting and cost control
b. Allocating resources
c. Tracking project expenditure
d. All of the above

166. Following are the phases of Project Management Life Cycle. Arrange them in correct
order Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery
a. 3-2-1-4
b. 1-2-3-4
c. 2-3-1-4

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 d. 4-3-2-1

167. Design phase consist of

a. Input received
b. Output received
c. Both (A) and (B)
d. None of the above

168. Project performance consists of

a. Time
b. Cost
c. Quality
d. All of the above

169. Five dimensions that must be managed on a project

a. Constraint, Quality, Cost, Schedule, Staff
b. Features, Quality, Cost, Schedule, Staff
c. Features, priority, Cost, Schedule, Staff
d. Features, Quality, Cost, Schedule, customer

170. Resource requirement in project becomes constant while the project is in its _____
progress stage.
a. 40 to 55%
b. 55 to 70%
c. 70 to 80%
d. 80 to 95%

171. The probability of completing the project can be estimated based upon the ____ .
a. Uniform distribution curve
b. Normal distribution curve.
c. U-shaped distribution curve
d. None of the above

172. In the initial stage of the project the probability of completing the project is ___ .
a. Zero
b. High
c. Low
d. Any of the above

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 173. The entire process of a project may be considered to be made up on number of sub
process placed in different stage called the
a. Technical key resources
b. Work key structure
c. Work Breakdown Structure (WBS).
d. None of the above

174. Tool used for comparison of the proposed project to complete projects of a similar nature
whose costs are known.
a. Algorithmic model
b. Expert judgment
c. Top down
d. Analogy

175. Each component of the software product is separately estimated and the results
aggregated to produce an estimate for the overall job.
a. Algorithmic model
b. Expert judgment
c. Bottom-up
d. Top down
176. Following is (are) the component(s) of risk management
a. Risk Assessment
b. Risk Control
c. Risk Ranking
d. All of the above

177. Following are the characteristics of Project Mindset.

a. Time, Responsiveness, Information sharing, Processes, structured planning
b. Time, Project management, Information sharing, Processes, structured planning
c. Time, Responsiveness, Information sharing, capability, structured planning
d. Time, Responsiveness, Information sharing, Processes, project planning

178. “Devising and maintaining a workable scheme to accomplish the business need” is
a. Initiating process
b. Planning process
c. Executing process
d. Controlling process

179. Controlling the changes in the project may affect

a. The progress of the project
b. Stage cost

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 c. Project scope
d. All of the above

180. Following is (are) the tool(s) for changing a process

a. Change Management System (CMS)
b. Configuration Management (CM)
c. Both (A) and (B)
d. None of the above

181. The span of time within which the investment made for the project will be recovered by
the net returns of the project is known as
a. Period of return
b. Payback period
c. Span of return
d. None of the above

182. Projects with __________ are preferred

a. Lower payback period
b. Normal payback period
c. Higher payback period
d. Any of the above

183. ___________ on capital is called ‘Cost of capital’.

a. Lower expected return
b. Normally expected return
c. Higher expected return
d. None of the above

184. The values of the future net incomes discounted by the cost of capital are called
a. Average capital cost
b. Discounted capital cost
c. Net capital cost
d. Net present values

185. Under Net present value criterion, a project is approved if

a. Its net present value is positive
b. The funds are unlimited
c. Both (A) and (B)

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 d. None of the above

186. The internal Rate of Return (IRR) criterion for project acceptance, under theoretically
infinite funds is: accept all projects which have
a. IRR equal to the cost of capital
b. IRR greater than the cost of capital
c. IRR less than the cost of capital
d. None of the above

187. Which of the following criterion is often preferred?

a. Net present value
b. Profitability index
c. Internal Rate of Return
d. All of the above

188. The project is accepted of

a. if the profitability index is equal to one
b. The funds are unlimited
c. If the profitability index is greater than one
d. Both (B) and (C)

189. Where capital availability is unlimited and the projects are not mutually exclusive, for the
same cost of capital, following criterion is used
a. Net present value
b. Internal Rate of Return
c. Profitability Index
d. Any of the above

190. A project is accepted when

a. Net present value is greater than zero
b. Internal Rate of Return will be greater than cost of capital
c. Profitability index will be greater than unity
d. Any of the above

191. With limited finance and a number of project proposals at hand, select that package of
projects which has
a. The maximum net present value
b. Internal rate of return is greater than cost of capital

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 c. Profitability index is greater than unity
d. Any of the above

192. A project may be regarded as high-risk project when

a. It has smaller variance of outcome but a high initial investment
b. It has larger variance of outcome and high initial investment
c. It has smaller variance of outcome and a low initial investment
d. It has larger variance of outcome and low initial investment

193. Following is (are) the method(s) for adjustment of risks

a. Risk-adjusted Discounting Rate
b. Risk Equivalence Coefficient Method
c. Both (A) and (B)
d. None of the above

194. Which from the following is NOT a tangible element?

a. Fixtures
b. Trademarks
c. Monetary assets
d. Stockholder equity

195. Which from the following is NOT an intangible element?

a. Utility
b. Public benefit
c. Brand recognition
d. Good will

196. Which from the following represents the correct project cycle?
a. Planning→Initiating→Executing→Closing
b. Planning→Executing→Initiating→Closing
c. Initiating→Planning→Executing→Closing
d. Initiating→Executing→Planning→Closing

197. The strategy used to correct resource over-allocations by balancing demand for resources
and the available supply is known as
a. resource assignment
b. resource leveling
c. resource splitting
d. resource scheduling

198. A horizontal bar chart that shows project tasks against a calendar is called

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 a. Milestone
b. Goal
c. Gantt chart
d. PERT chart

199. The statistical tool that depicts a project’s tasks and the relationships between those tasks
is known as
a. Milestone
b. Goal
c. Gantt chart
d. PERT chart

200. According to Olivier Mesly, the 4 P’s critical for the success of a project are:
a. plan, processes, people, policy
b. plan, processes, people, power
c. plan, processes, potential, policy
d. plan, processes, potential, power

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