888 + Mcqs in Project Management Page 6 McqOptions

251.	PMI updated and approved the Code of Ethics for project managers in
A.	1995
B.	2006
C.	1988
D.	both a and b
Answer» E.

Discussion

252.	Formal analytic method such as SWOT analysis is used for the identification of
A.	Mission
B.	Vision
C.	Strategies
D.	All of the Above
Answer» E.

Discussion

253.	Fisher have developed a negotiation technique that tends to maintain
A.	2 requirements
B.	3 requirements
C.	4 requirements
D.	5 requirements
Answer» C. 4 requirements

Discussion

254.	Estimating the implications for project objectives, is done at the
A.	Qualitative Risk Analysis
B.	Risk Response
C.	Risk Identification
D.	Quantitative Risk Analysis
Answer» E.

Discussion

255.	Commitment of resources to the project must be forthcoming from
A.	Functional managers
B.	Senior Management
C.	both a and b
D.	Project mangers
Answer» D. Project mangers

Discussion

256.	No matter how ornate the procedure is, most firms actually have only priorities of
A.	1 level
B.	2 levels
C.	3 levels
D.	5 levels
Answer» D. 5 levels

Discussion

257.	Resource Leveling is the approach to even out the peaks of
A.	Resources
B.	Quality
C.	Performance
D.	Lackage
Answer» B. Quality

Discussion

258.	For some extent, risk management techniques can be applied to
A.	Scope Change
B.	Partnering
C.	Chartering
D.	Technological uncertainty
Answer» B. Partnering

Discussion

259.	Multiple screens are employed to try to narrow down the number of competing projects in step
A.	Resources availability
B.	Data collection step
C.	Reduce the criteria set
D.	Prioritizing projects
Answer» D. Prioritizing projects

Discussion

260.	Most conflicts have their roots in uncertainty, and negotiation is a way of managing the
A.	Resultant Risk
B.	Failure
C.	Uncertainty
D.	Inputs
Answer» B. Failure

Discussion

261.	In reduction of criteria set, the first screen is each project's support of the
A.	Timing
B.	Cost
C.	Quality
D.	Goal
Answer» E.

Discussion

262.	Discounted cash flow method determines the net present value of all cash flows by discounting them with the required
A.	Hurdle rate
B.	Cutoff rate
C.	Rate of return
D.	All of the Above
Answer» E.

Discussion

263.	Project success is dependent on support from parent organization's
A.	Senior management
B.	Middle management
C.	Project management
D.	Lower management
Answer» B. Middle management

Discussion

264.	PMIS stands for
A.	Project Management Information System
B.	Project Management Integrated System
C.	Project Management Inline System
D.	Project Management Input System
Answer» B. Project Management Integrated System

Discussion

265.	A pure project organization overlaid on the functional divisions of the parent firm, is known as
A.	Mixed Organizational System
B.	Pure Project Organization
C.	The Matrix Organization
D.	Virtual Organization
Answer» D. Virtual Organization

Discussion

266.	The PM needs credibility of kinds:
A.	Two
B.	Three
C.	Four
D.	Six
Answer» B. Three

Discussion

267.	A combination of interrelated activities and events depicted with arcs and nodes, is known as
A.	Listing
B.	Nodes Sorting
C.	Team Management
D.	Network
Answer» E.

Discussion

268.	Schedules are a major source of conflicts in the
A.	Project formation
B.	Project Buildup
C.	Main program
D.	Project Phase-out
Answer» D. Project Phase-out

Discussion

269.	The responsibility of allocating and controlling resources and skills to the projects is of
A.	Middle Management
B.	Project council
C.	Control Team
D.	Project Profile Team
Answer» C. Control Team

Discussion

270.	A frim can select the organizational structure that seems to offer the most
A.	Efficient
B.	Effective
C.	both a and b
D.	Low Capital investment
Answer» D. Low Capital investment

Discussion

271.	The individual who has the responsibility for performing and completing a task sometimes overestimates
A.	Time required
B.	Cost required
C.	both a and b
D.	Quality required
Answer» D. Quality required

Discussion

272.	The process of cutting a project's budget enough to stop progress without actually killing the project, is
A.	Termination by Integration
B.	Termination by starvation
C.	Termination by murder
D.	Termination by Addition
Answer» C. Termination by murder

Discussion

273.	Most projects fail because of insufficient top management support, poor planning and
A.	Wrong Project manager
B.	Inappropriate use of project form
C.	both a and b
D.	None of the Above
Answer» D. None of the Above

Discussion

274.	PM is responsible for the project, but the functional managers will probably make some of the fundamental and critical
A.	Project Planning
B.	Project manufacturing
C.	Project Decisions
D.	Project Execution
Answer» D. Project Execution

Discussion

275.	What is used to categorize risks, assumptions, and environments so that all risk management groups can access work done on risk management?
A.	List of Indexes
B.	List of categories
C.	List of keywords
D.	both b and c
Answer» E.

Discussion

276.	The project life cycle can be viewed of a mechanism, like
A.	Control System
B.	Execution System
C.	Implementation System
D.	Testing system
Answer» B. Execution System

Discussion

277.	In matrix-organized projects, the PM controls
A.	Functional decisions
B.	Administrative decisions
C.	Technological decisions
D.	Technical decisions
Answer» C. Technological decisions

Discussion

278.	The manner in which the process of risk management is conducted depends on
A.	Management impact
B.	Technological impact
C.	Environment impact
D.	Conflicts
Answer» D. Conflicts

Discussion

279.	The fourth sub process in the risk management process is
A.	Qualitative Risk Analysis
B.	Quantitative Risk Analysis
C.	Risk monitoring and controlling
D.	Risk Response
Answer» C. Risk monitoring and controlling

Discussion

280.	A wide-ranging method for addressing problems that considers multiple and interacting relationships is called
A.	Analytic approach
B.	Systematic approach
C.	Break-down approach
D.	Technological approach
Answer» C. Break-down approach

Discussion

281.	Anything outside a system (the project) that can affect or be affected by the system, is known as
A.	Environment
B.	Medium
C.	Channel
D.	Boundary matrix
Answer» B. Medium

Discussion

282.	Problematic cultural issues include the group's perception of time and the manner of
A.	Staffing personnel
B.	Staffing projects
C.	linguistics
D.	Collaboration
Answer» C. linguistics

Discussion

283.	A ratio to evaluate a proposed course of action is known as
A.	Low-cost
B.	Benefit-cost
C.	High-cost
D.	Cost-ratio
Answer» C. High-cost

Discussion

284.	From the initiation of the project to its termination, crises appear without
A.	Solution
B.	Pause
C.	Limitations
D.	Warning
Answer» E.

Discussion

285.	Apart from the value of a fine design, the economic value of the time saved is immense. The value can be derived from
A.	1 source
B.	2 sources
C.	3 sources
D.	4 sources
Answer» C. 3 sources

Discussion

286.	In matrix approach, there is less anxiety about what happens when the project is completed than is typical of
A.	Pure Project Organization
B.	Mixed Organizational System
C.	Virtual Organization
D.	Functional Form Organization
Answer» B. Mixed Organizational System

Discussion

287.	The database must be available to everyone proposing to perform
A.	Risk Response
B.	Risk management
C.	Risk analysis
D.	Risk Identification
Answer» C. Risk analysis

Discussion

288.	The phase that takes into account, the realities of the firm's limitations on facilities, capital and personnel is
A.	Modelling phase
B.	Planning phase
C.	Analysis phase
D.	Execution phase
Answer» B. Planning phase

Discussion

289.	A solution in which both parties are better off in the outcome is known as
A.	Pareto-Optimal Solution
B.	win-lose solution
C.	win-win solution
D.	lose-lose solution
Answer» D. lose-lose solution

Discussion

290.	The second set of trade-offs concerns sacrificing smoothness of running the project team for
A.	Functional progress
B.	Scheduling
C.	Managerial progress
D.	Technical progress
Answer» E.

Discussion

291.	Getting many more projects than management expected, is a symptom of a misaligned
A.	Strategy
B.	Vision
C.	Portfolio
D.	Mission
Answer» D. Mission

Discussion

292.	All members of the project work force are directly responsible to the
A.	Marketing Manager
B.	Functional Manager
C.	Technical Manager
D.	Project Manager
Answer» E.

Discussion

293.	The need to consider the many environments of almost any project is clear while examining
A.	Risk analysis
B.	Risk management
C.	Risk identification
D.	Risk Response
Answer» C. Risk identification

Discussion

294.	A primary disadvantage of functional elements is the part that is not the focus of activity, is
A.	Manager
B.	Technical team
C.	Scope
D.	Client
Answer» E.

Discussion

295.	A monitoring technique, that is closely related to network diagrams, Is
A.	Pi-Chart
B.	Bar-Chart
C.	Gantt Chart
D.	Histogram
Answer» D. Histogram

Discussion

296.	The hybridization of the mixed form leads to
A.	Flexibility
B.	Inflexibility
C.	Complexity
D.	Poor Quality
Answer» B. Inflexibility

Discussion

297.	If project is organized as a weak matrix, the PM seeks a commitment of work from the
A.	Personnels
B.	Subcontractors
C.	Senior Management
D.	Functional Department
Answer» E.

Discussion

298.	The PM must perceive sufficient technical knowledge to
A.	Outsiders
B.	Clients
C.	Senior Executives
D.	both b and c
Answer» E.

Discussion

299.	The second credibility required by PM is known as
A.	Functional Credibility
B.	Technical Credibility
C.	Administrative Credibility
D.	Competence Credibility
Answer» D. Competence Credibility

Discussion

300.	If project's organizational format is a strong matrix, the PM seeks a commitment of people from the
A.	Functional Department
B.	Technical Department
C.	Senior Management
D.	Personnels
Answer» B. Technical Department

Discussion

Explore topic-wise MCQs in Software Engg.

PMI updated and approved the Code of Ethics for project managers in

Formal analytic method such as SWOT analysis is used for the identification of

Fisher have developed a negotiation technique that tends to maintain

Estimating the implications for project objectives, is done at the

Commitment of resources to the project must be forthcoming from

No matter how ornate the procedure is, most firms actually have only priorities of

Resource Leveling is the approach to even out the peaks of

For some extent, risk management techniques can be applied to

Multiple screens are employed to try to narrow down the number of competing projects in step

Most conflicts have their roots in uncertainty, and negotiation is a way of managing the

In reduction of criteria set, the first screen is each project's support of the

Discounted cash flow method determines the net present value of all cash flows by discounting them with the required

Project success is dependent on support from parent organization's

PMIS stands for

A pure project organization overlaid on the functional divisions of the parent firm, is known as

The PM needs credibility of kinds:

A combination of interrelated activities and events depicted with arcs and nodes, is known as

Schedules are a major source of conflicts in the

The responsibility of allocating and controlling resources and skills to the projects is of

A frim can select the organizational structure that seems to offer the most

The individual who has the responsibility for performing and completing a task sometimes overestimates

The process of cutting a project's budget enough to stop progress without actually killing the project, is

Most projects fail because of insufficient top management support, poor planning and

PM is responsible for the project, but the functional managers will probably make some of the fundamental and critical

What is used to categorize risks, assumptions, and environments so that all risk management groups can access work done on risk management?

The project life cycle can be viewed of a mechanism, like

In matrix-organized projects, the PM controls

The manner in which the process of risk management is conducted depends on

The fourth sub process in the risk management process is

A wide-ranging method for addressing problems that considers multiple and interacting relationships is called

Anything outside a system (the project) that can affect or be affected by the system, is known as

Problematic cultural issues include the group's perception of time and the manner of

A ratio to evaluate a proposed course of action is known as

From the initiation of the project to its termination, crises appear without

Apart from the value of a fine design, the economic value of the time saved is immense. The value can be derived from

In matrix approach, there is less anxiety about what happens when the project is completed than is typical of

The database must be available to everyone proposing to perform

The phase that takes into account, the realities of the firm's limitations on facilities, capital and personnel is

A solution in which both parties are better off in the outcome is known as

The second set of trade-offs concerns sacrificing smoothness of running the project team for

Getting many more projects than management expected, is a symptom of a misaligned

All members of the project work force are directly responsible to the

The need to consider the many environments of almost any project is clear while examining

A primary disadvantage of functional elements is the part that is not the focus of activity, is

A monitoring technique, that is closely related to network diagrams, Is

The hybridization of the mixed form leads to

If project is organized as a weak matrix, the PM seeks a commitment of work from the

The PM must perceive sufficient technical knowledge to

The second credibility required by PM is known as

If project's organizational format is a strong matrix, the PM seeks a commitment of people from the