Project Management
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QUESTION 1
The three phases involved in the management of large projects are
“Scheduling, operating, evaluating”
“Planning, scheduling, evaluating”
“Scheduling, designing, operating”
“Planning, scheduling, controlling”
QUESTION 2
A dummy activity is required when
The network contains two or more activities that have identical starting and ending events
Two or more activities have different ending events
Two or more activities have the same ending events
Two or more activities have the same starting events
QUESTION 3
“With respect to PERT and CPM, slack”
Is a task or subproject that must be completed
Marks the start or completion of a task
Is the amount of time a task may be delayed without changing the overall project completion time
Is the latest time an activity can be started without delaying the entire project
QUESTION 4
Which of the following is a basic assumption of PERT?
There is only one complete route from the start of a project to the end of a project
No activity in the network must be repeated.
Activity completion times are known with certainty
Only critical path activities in the network must be performed
QUESTION 5
Which of the following is a direct responsibility of the project manager?
Calculating completion probabilities for all tasks in the project
Drawing the network diagram
“Making sure that the people assigned to the project receive the motivation, direction, and information needed to do their jobs”
Performing all of the activities in the project
QUESTION 6
“When checking the calendar of a team member to schedule a meeting, you see she has scheduled a meeting with a key stakeholder that you were not informed of. The best approach would be to”
Avoid mentioning it to the team member but continue to watch her activities
Notify your boss about the problem
Address the concern with the team member’s boss
Address the concern with the team member
QUESTION 7
Project A has an internal rate of return (IRR) of 21 percent. Project B has an IRR of 7 percent. Project C has an IRR of 31 percent. Project D has an IRR of ig percent. Which of these would be the BEST project?
Project A
Project B
Project C
Project D
QUESTION 8
PERT analysis computes the variance of the total project completion time as
The sum of the variances of all activities on the critical path
The sum of the variances of all activities in the project
The variance of the final activity of the project
The sum of the variances of all activities not on the critical path
QUESTION 9
Which of the following is not a potential for a ranking problem between two mutually exclusive projects?
The projects have unequal lives that differ by several years
The costs of the two projects differ by nearly 30%.
The two projects have cash flow patterns that differ dramatically
One of the mutually exclusive projects involves replacement while the other involves expansion
QUESTION 10
A project whose acceptance does not prevent or require the acceptance of one or more alternative projects is referred to as __________
a mutually exclusive project
an independent project
a dependent project
a contingent project
QUESTION 11
“If all planned work has been completed or earned,What is the schedule variance?”
0.01
0
0.1
0.5
QUESTION 12
Which of the following statements is correct regarding the internal rate of return (IRR) method?
Each project has a unique internal rate of return
“As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence”
The internal rate of return does not consider the time value of money
The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated
QUESTION 13
“In, ____________we see whether return or benefits on this investment are more than its cost from point of view of society in which we are living”
Social cost benefit analysis
Cost benefit analysis
Profit analysis
Risk analysis
QUESTION 14
“When operating under a single-period capital-rationing constraint, you may first want to try selecting projects by descending order of their __________ in order to give yourself the best chance to select the mix of projects that adds most to firm value.”
profitability index (PI
net present value (NPV)
Internal rate of return (IRR)
payback period (PBP)
QUESTION 15
Resource leveling will generally
Reduce the time needed to do the project
Increase the total time necessary to do all the tasks
Reduce the overutilization of resources
Reduce resources to the lowest skill that is possible
QUESTION 16
A project manager is using a cause and effect diagram with the team to determine how various factors might be linked to potential problems. In what part of the quality management process is the project manager involved?
Quality analysis
Perform quality assurance
Perform quality control
Quality planning
QUESTION 17
The act of doing anything that will help to bring future project performance into line with the project plan is called
Budget update
Revised cost estimate
Corrective action
Contingency planning
QUESTION 18
A project manager would like to manage his project in such a way that he will be able to identify specific tasks that should be watched and managed more closely than others. The project manager should use which method?
The PERT method
The critical path method
The GERT method
The PCDM method
QUESTION 19
Which of the following managers develop operational plans for the project?
Top Managers
Middle Manager
Line Managers
Supervisors
QUESTION 20
The program evaluation and review technique (PERT) method of scheduling differs from the critical path method (CPM) because the PERT method:
Uses weighted averages of activity durations to calculate project duration
Uses ..dummy.. activities to represent logic ties
Uses ..free float.. instead of ..total float.. in the schedule calculations
Uses bar charts instead of logic diagrams to portray the schedule
We Also Provide SYNOPSIS AND PROJECT.
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Email: amitymbaassignment@gmail.com
Call: 0 +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)