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|Payback period analysis identifies that point in time when:
A. Profit maximum is realized.
B. Unit profit is realized.
C. Monthly revenue exceeds monthly costs.
D. Cumulative revenue exceeds cumulative costs.
|During the execution of a pipeline project, the pipeline subcontractor proposes an upgrade
of certain material without a change in the schedule or cost. After the change is approved,
where would this change BEST be documented?
A. Project charter
B. Execution phase
C. Procurement Management plan
D. Work breakdown structure
E. Quality assurance plan
|The PERT method is MOST used in situations where:
A. It is important to know the interrelationships of activities.
B. Little is known about the cost estimated related to the project.
C. Little experience exists on which to base estimated of activity duration.
D. Resource requirements are well defined.
|Work packages are described in the:
A. Work charter.
B. Work schedule.
C. Work breakdown structure.
D. Work project plan.
E. Statement of work.
|The determination of conformance with scope requirements is called ____?
A. Quality Planning.
B. Quality Control.
C. Quality Management.
D. Quality Assurance.
|The project plan has been developed. A project end date has been established. The customer
later requests additional work to be included in the project, but will not renegotiate the end date.
Cost is not a factor. The project team should immediately.
A. Invoke the change control process.
B. Initiate contingency plans.
C. Modify the original project scope to include the additional work.
D. Commit to original project scope and open a new project to handle additional work.
E. Request project team to work overtime to meet end date.
|The senior executive of your company wants monthly schedule update of your project. Which of
the following would you send to the executive?
A. Milestone chart
B. Time-scaled network diagram
C. Arrow activity diagram
D. PERT chart
|The authority to accept or reject a requested change in a large and complex project, should rest
A. The sponsor.
B. The president.
C. The change control board.
D. The client.
E. The project manager.
|A benefit-cost ratio of 3.22 indicates a:
A. Profit of s3.22 per unit produced.
B. Profit of s3.22 for each dollar expended.
C. Resources assigned to other tasks on the critical path.
D. Payback of s3.22 for each dollar expended.
|Which of the following terms is used to refer to the adjustment of task schedules to result in more
effective human resource deployment?
A. Resource fast tracking.
B. Resource planning
C. Resource leveling.
D. Resource crashing.
E. Resource loading.
|An individual?s willingness to take a risk can be determined by:
A. Decision tree modeling.
B. Monte Carlo method,
C. Sensitivity analysis.
D. Utility theory.
E. Maslow?s hierarchy of needs.
|Which of the following is NOT a function of a kick-off meeting?
A. Project cost estimation and presentation.
B. Introducing the stakeholders.
C. Identifying goals of the project.
D. Obtaining commitment from all participants.
|The MOST effective method in developing a project team within a matrix organization is to follow
A. communications plan.
B. Scope change control plan.
C. Staffing management plan.
D. Training development plan.
|Which of the following theories are illustrated by the principle: ?Employees who believe that their
efforts will lead to effective performance and who anticipate important rewards for their
accomplishments become productive stay productive.?
A. The X-Y theory.
B. Maslow?s theory.
C. The expectancy theory.
D. Ouchi's Theory Z
E. Herzberg?s theory.
|The person responsible for obtaining funding for a new project?s conceptual study is the:
A. Project manager.
C. Chief financial officer.
D. Project sponsor.
E. The client
|During a weekly meeting, the IT department states that they are bringing new CRM application
system online. Though no problems are anticipated, in the event that a problem does arise, they
will work overtime to stay on schedule. How would you react as the project manager operating in
a matrix organization?
A. Assess the cost implication of this activity in the implementation phase.
B. Request that the IT department's commitment be in writing.
C. Assess the risk of this activity and develop a response strategy.
D. Note this information in the minutes of the conference report meeting.
E. Request that the IT department delay implementation of the CRM application system until your
project is completed.
|A primary function of the change control board is to:
A. Review the impact of change request.
B. Issue change requests.
C. Represent top management interests.
D. Identify new areas of project work.
E. Assign new team members to increase output.
|Which of the following statements describes quality control?
A. Monitoring specific project results to determine if they comply with relevant quality
B. Evaluating over ll project performance on a regular basis.
C. Taking action to increase the effectiveness and efficiency of they project.
D. Identifying which quality standards are standards are relevant to the project.
|Although they have a variety of side-effects, the primary objective of incentive clauses in a
contract is to:
A. Aligning contractor and buyer goals.
B. Reduce risk for the contractor
C. Controlling contractor costs
D. Reduce costs to the buyer
E. Reducing production costs.
|You have been assigned as project manger of an existing project. You have been with your
company for several years but not in the area where this project is occurring. A Project
Management Plan is in place. The project has not exceeded by baseline change thresholds. The
customer is not happy with the status of the project.
Of the following, which is the BEST initial action?
A. Conducting team-building exercises with all stakeholders.
B. Identifying critical float time.
C. Verification of the customer?s needs and expectations.
D. Verification that the change control system is operating properly.
E. Preparation of a corrective action plan.
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