Project Management We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: 0 +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) 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. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: 0 +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)