Ask Business Management Expert

Question

1. In a strong matrix structure, employees take daily direction from:
Project manager only
Both, but the project manager has greater influence
Both, but the functional manager has greater influence
Functional manager only

2. If the schedule variance is positive and the cost variance is negative, the project's status is:
Over budget and behind schedule
Under budget and ahead of schedule
Over budget and ahead of schedule
Under budget and behind schedule

3. Which category of projects would involve a large number of functional units where the workers may be assigned either part-time or full-time?
Special
Individual
Staff
Matrixed

4. Which type of chart provides the least "predictive" value?
PDM
ADM
PERT
Bar chart

5. Scope creep is generally the result of:
Too much detail in the specifications
Having too many levels in the WBS
Poorly defined SOW
Having the wrong people assigned to the project

6. Which of the following is the role of the PM rather than the role of the functional manager?
Where it will be done
How the work will be done
Who will do it
What work will be done

7. The balance between quality and cost is called:
Produceability
Salability
Availability
Operability

8. The EVMS term that represents the value of work actually accomplished is:
BAC
AC
EV
PV

9. Which of the following would be the first item to be discussed in the initial kickoff meeting for a project?
Understanding of the budget
Understanding of the schedule
Understanding of the requirements
Understanding of the plan

10. Quality is defined by the:
Project team
customer
Project manager
Project sponsor

11. Which of the following people has the greatest influence on how much authority a project manager will possess on a given project?
The project sponsor
The customer
The project manager's line manager
The project manager himself / herself

12. A project manager desires a work breakdown structure that goes through 6 levels of detail. Level 3 through level 6 would most likely be prepared by:
Customer
Subject matter experts
Project manager
Project sponsor

13. In which project life cycle phase does quality begin?
Initiation / planning
Monitoring & control
Closure
Implementation

14. Project management restructuring allowed companies to manage projects that _____.
Had undefined objectives
Could not be handled by the traditional organization
Did not require effective cost control
Require little functional integration

15. Risk constitutes a lack of knowledge _____.
Of future events
About the estimates
About the customer's requirements
About the environment

16. The two primary components of a risk are:
The probability and the impact
The impact and the event
The impact and the amount at stake
The event and the probability

17. Which of the following standard project estimating techniques is usually accomplished in weeks?
Engineering
Parametric
Analogy
Grassroots

18. The hardest part in creating a best practices library is:
Storage
Classification
Evaluation
Knowledge transfer

19. A typical project office (not to be confused with a project management office) responsible for the management of a large project includes the project manager and the:
Project sponsor and assistant project managers
Assistant project managers
Assistant project managers and functional managers
Project sponsor

20. Industries that have _____ tasks and operate in a _____ environment demonstrated the greatest need for project management.
Complex; Dynamic
Simple; Static
Complex; Static
Simple; Dynamic

21. Pricing out the construction cost of a home by a cost per square foot would be representative of a(n) _____ estimate.
Grassroots
Parametric
Engineering
Analogy

22. The collective term for the formal quality activities and processes is called:
Quality control
Quality visions
Quality assurance
Quality policies

23. The difference between the cost baseline and the contracted cost is the:
Profit
Management reserve
Cost of scope changes
Cost at completion

24. Plans such as the cost plan, schedule plan and quality plan are referred to as:
Subsidiary plans
Specialized plans
Integration plans
Functional plans

25. Companies can become reasonably mature in project management by designing the right support systems. In general, how much time usually elapses after maturity before a company becomes excellent in project management execution?
2 years
1 year
5 years
10 years

26. The best source of revenue for a customer-requested scope change is:
A customer-funded contract amendment
Profits
Management reserve
Undistributed budget

27. During the 1970s and 1980s, formal project management practices were put in place because the constraints were _____ and _____ boundaries had to be crossed
Tight; few
Tight; several
Loose; few
Loose; several

28. A charting technique designed to illustrate the inductive and deductive reasoning necessary to achieve some objective is called a _____ Diagram / network
Descriptive
Intuition
Gantt
Logic

29. Which of the following is often overlooked when planning and budgeting a project?
Customer's milestones
Timing of the deliverables
Number of meetings with the customer
Cost and size of contractual documentation

30. What is the project sponsor's responsibility with regard to the WBS preparation?
The sponsor should not be involved in WBS development.
Make sure all work packages are well-defined.
Make sure that the management levels of the WBS are correct.
Make sure that the technical levels of the WBS are correct.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92049199
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Business Management

Name a company that addressed a recent ethical problem in a

Name a company that addressed a recent ethical problem in a positive way. Also, explain how or if this positively affects us as a community?

When it is appropriate to use the trade-off process what

When it is appropriate to use the trade-off process. What conditions apply, and the technical evaluation criteria that might be used?

Need help with a essay with the following phrase for

Need help with a essay with the following phrase for analyzing : " Capitalism is at the heart of how people and organisations are managed in contemporary society" May i ask for a better explanation of the question? Also ...

How could these three tenets of the auburn creed be used to

How could these three tenets of the Auburn Creed be used to motivate others: "I believe that this is a practical word and that I can count only on what I earn. Therefore, I believe in work, hard work." "I believe in educ ...

How can these two tenets of the auburn creed by used in

How can these two tenets of the Auburn Creed by used in addressing teamwork issues: "I believe in honesty and truthfulness, without which I cannot win the respect and confidence of my fellow men." "I believe in the human ...

Discuss the advantages of having and interacting in a

Discuss the advantages of having and interacting in a diverse workplace. Consider the wide range of ideas and perspectives that a range of team members bring to a team, that are of differing ages, ethnic backgrounds and ...

Parmigiano-reggiano global recognition of geographical

Parmigiano-Reggiano: Global Recognition of Geographical Indications What historical factors have helped support the consortium's claims for the geographic specificity of Parmigiano-Reggiano and Parmesan? What are the eco ...

Communication planthis communication plan will be a roadmap

Communication Plan This communication plan will be a roadmap on how the new division will best be able to communicate with Biotech's corporate headquarters, suppliers, other divisions, and internally. This should lay out ...

Discuss strategies to obtain feedback from a customer and

Discuss strategies to obtain feedback from a customer and clients when working in sales.

Describe different networking methods and the advantages

Describe different networking methods and the advantages and disadvantages of them?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As