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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.
|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.
|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.
|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.
|Which of the following concepts are associated with the ?Cost of Quality? in project management?
(Choose all that apply)
A. Appraisal costs
B. Management costs
C. Prevention costs
D. Failure costs
E. Planning costs
|Which of the following will have the greatest impact on a product or service?s reliability and
|The determination of conformance with scope requirements is called ____?
A. Quality Planning.
B. Quality Control.
C. Quality Management.
D. Quality Assurance.
|During execution, a resource is added to the project team. What effect will this have on the
A. The effect cannot be determined.
B. The project duration will be shortened.
C. A scope change will be required
D. The quality of the project will be increased.
|A project?s scope statements is developed during scope:
A. The initiation phase.
B. The implementation phase.
C. The planning phase.
D. The verification phase.
E. The definition phase.
|During project lose-out, the final task is to....
A. Verify that contractual obligations were met.
B. Transfer the deliverables to the client.
C. Reassign team member.
D. Complete performance/lessons-learned records.
|Conflict resolution techniques that may be used on a project include:
A. Withdrawing, compromising, controlling, and forcing.
B. Controlling forcing smoothing, and withdrawing.
C. Confronting, compromising, smoothing and directing.
D. Smoothing, confronting, forcing, and withdrawing.
|Work packages are described in the:
A. Work charter.
B. Work schedule.
C. Work breakdown structure.
D. Work project plan.
E. Statement of work.
|What is the term that is used when referring to the adjustment of task schedules in order to
deploy human resource more effectively?
D. Fast tracking.
|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.
|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.
|To determine the staffing requirements of the project, the project mange FIRST needs a(n);
A. Resource breakdown schedule.
B. Responsibility assignment matrix.
C. Work breakdown structure.
D. Organization chart.
|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.
|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.
|Which of the following represents the BEST way to organize project activities for scheduling?
A. By the critical path.
B. By the task start date.
C. By the date of commencement of project.
D. By work breakdown structure.
E. By the responsible organization.
|One a project, quality should generally be of:
A. Equal priority with schedule, but higher priority than cost.
B. Higher priority than cost and schedule.
C. Equal priority with cost, but higher priority than schedule.
D. Equal priority with cost and schedule.
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Latest 20 Questions
An offer which is open for acceptance over a period of time is:
(a) Cross Offer
(b) Counter Offer
(c) Standing Offer
(d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
"Holiday Packages" announced as an advertisement are an example of _________: (a) Offer (b) Counter Offer (c) Invitation to Offer (d) None of the above
A match fixing contract between a player and a broker is a: (a) Valid Contract (b) Unenforceable Contract (c) Void Contract (d) Illegal Contract
When a bookseller sells a book on cash payment then it is called as ___________: (a) Unilateral Contract (b) Bilateral Contract (c) Executed Contract (d) Executory Contract
____________ agreements are created by situation: (a) Written (b) Oral (c) Void (d) Implied