Project Management_ LMS_QB

Sr. No. Question Option A Option B Option C Option D Correct Option

1 Project management is required to which Accomplish a Revive a project's Maximise risks Sell resources Accomplish a project's objectives within
of the following options? project's objectives performance the given time frame and the allocated
within the given time budget
frame and the
allocated budget
2 Which project organisation structure Pure Matrix Functional Managed Functional
works well in a stable work environment?

3 In which stage is feasibility of a project Appraisal Identification Preparation Presentation Appraisal

analysed?
4 Which of the following is not a General purpose Uniqueness Specified time Interdependencies General purpose
characteristic of a project? among projects

5 Interdependencies of the activities need Concept Termination Dependencies Specified time Dependencies among activities
to be taken into consideration in which among activities
stage of a project's life cycle?

6 Which phase requires the maximum Initiation Planning Execution Controlling Execution
efforts?
7 Which behavioural aspect will best Remaining calm Resolving Delegating work Showing enthusiasm Delegating work
demonstrate to the project team that under a stressful interpersonal
their project manager trusts them? condition conflicts
8 Which one is the longest stage in the Initiation Planning Execution Controlling Execution
project management life cycle.
9 Which of the following is a feature of Division of authority Clear unity of No unity of Clear unity of No unity of command
matrix organisation structure? command command command
10 Which of the following is not an Aligning a project with Maximising risks Increasing the Delivering the desired Maximising risks associated with a
advantage of project management? the strategic goals of associated with a project success results project
an organization project ratio

11 A company has won the bid to construct Social feasibility Environment Market feasibility Economic and Social feasibility analysis
a new airport in the outskirts of a city. To analysis feasibility analysis analysis financial feasibility
develop the airport, the government has analysis
procured land from the farmers in the
proposed site. Before starting the
construction, the company wants to
evaluate the impact of land acquisition
and airport construction on the local
farmers. Which feasibility analysis should
it undertake?

12 Which tool will help you pass on the most Business case Project-feasibility Project-screening Project report Project-screening matrix
suitable projects to the project- selection report matrix
stage for consideration?
13 Which statement is true about benefit They are decision They are used for They are financial They optimise an They are financial models of project
measurement methods? models of project large products. models of project objective function with selection.
selection. selection. respect to some
variables.

14 What is the purpose of project Select the most Find whether Fund the most Develop the project Select the most unsuitable projects
screening? unsuitable projects projects are doable suitable projects

15 What will SWOT analysis indicate about Whether it is safe for Whether it is Whether it fits Whether it maintains Whether it fits with corporate objectives
a project? the general public capable of entering with corporate the competitive
into a new market objectives position of the
organisation

16 Which model estimates value created in EVA Model OC Model NPV Model IRR Model EVA Model
excess of the required return on capital?

17 Which feasibility study evaluate the level Economic and Technical feasibility Operational Legal and regulatory Operational feasibility analysis
to which a project is capable of meeting financial feasibility analysis feasibility analysis feasibility analysis
organisational objectives? analysis

18 Which question does not answer Who benefits from a Who will repay Who are the Are they able to meet Who are the buyers of the proposed
financial feasibility analysis ? project? project costs? buyers of the repayment product/service?
proposed obligations?
product/service?

19 Which of the following is NOT a benefit Generate new ideas Bury the weak Identify reasons Provide information Bury the weak points of a project
of project feasibility analysis? points of a project for not for go/no-go decision
proceeding on a
project

20 Which algorithm will help you simplify a Dynamic Non-linear Linear Multiple objective Dynamic programming
complex problem by dividing it into programming programming programming programming
multiple simpler problems?
21 What do you mean by earned value? Money spent for the Budgeted cost for Difference Budgeted cost of work Budgeted cost of work performed
work actually done work scheduled between the performed
project's current
value of cash
inflow and the
current value of
cash outflow
22 Sumeru Corporation wants to develop A marketing Terms of reference A project charter An economic An economic feasibility study should be
robots for doing household work on a requirements should be should be drafted. feasibility study should conducted.
massive scale. The idea has generated document should be established. be conducted.
considerable interest from stakeholders. created.
However, before launching the project,
the organisation wants to evaluate
whether there will be adequate benefits
in return of the investment cost required
for the project. What should be done to
find this information?

23 You want to find out whether a project is Market feasibility Operational Environmental Social feasibility Operational feasibility analysis
capable of meeting organisational analysis feasibility analysis feasibility analysis analysis
objectives in the prevailing business
environment. Which type of feasibility
analysis will you conduct?
24 Which information is not provided in Justification for Key issues that Implementation Go/no-go decision Go/no-go decision about the project
Terms of Reference? carrying on a project must be addressed methodology of a about the project
for smooth project
implementation of
the project

25 What is CSSQ? Cost, schedule, Customers, Cost, scope, Company, Cost, scope, schedule, quality
solution, quantity suppliers, schedule, quality stakeholders,
shareholders, shareholders, quality
quantity