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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.
|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.
|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 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
|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.
|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 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.
|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.
|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.
|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
|The determination of conformance with scope requirements is called ____?
A. Quality Planning.
B. Quality Control.
C. Quality Management.
D. Quality Assurance.
|The communications management plan is primarily dependent on the:
A. Length of the project.
B. Physical location of team members.
C. Specific needs of the project.
D. Project deliverables.
E. Distance between project teams.
|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.
|Certain resources have been added to tasks on the critical path so as to reduce the project
duration. As a result the plan should then be reviewed for the:
A. Possible lag time on other paths.
B. Resource assigned to other tasks on the critical path.
C. The most time consuming task remaining in the plan.
D. Emergence of a new critical path.
|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.
|n an ideal situation resource leveling should be limited to activities with___?
A. With zero float time.
B. With negative float time.
C. With positive float time.
D. With critical float time
E. On the critical path.
|Which of the following conflict resolution approaches is likely to lead to the MOST lasting
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Payment of time- barred debt is:
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
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
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An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal