1.

-A ____ is a set of activities which are networked in an order and aimed towards achieving
the goals of a project.
(A) Project

(B) Process

(C) Project management

(D) Project cycle

2-Resources refers to
(A) Manpower

(B) Machinery

(C) Materials

(D) All of the above

3-Developing a technology is an example of

(A) Process

(B) Project

(C) Scope

(D) All of the above

4-The project life cycle consists of

(A) Understanding the scope of the project

(B) Objectives of the project

(C) Formulation and planning various activities

(D) All of the above

5-Following is(are) the responsibility(ies) of the project manager.

(A) Budgeting and cost control

(B) Allocating resources

(C) Tracking project expenditure

 (D) All of the above

6-Following are the phases of Project Management Life Cycle. Arrange them in correct order
1. Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery

(A) 3-2-1-4

(B) 1-2-3-4

(C) 2-3-1-4

(D) 4-3-2-1

7-Design phase consist of

(A) Input received

(B) Output received

(C) Both (A) and (B)

(D) None of the above

8-Project performance consists of

(A) Time

(B) Cost

(C) Quality

(D) All of the above

9-Five dimensions that must be managed on a project

(A) Constraint, Quality, Cost, Schedule, Staff

(B) Features, Quality, Cost, Schedule, Staff

(C) Features, priority, Cost, Schedule, Staff

(D) Features, Quality, Cost, Schedule, customer

10-Resorce requirement in project becomes constant while the project is in its _____ progress
stage.
(A) 40 to 55%

(B) 55 to 70%
(C) 70 to 80%

(D) 80 to 95%

11. Which of these is not one of the constraints of a project?

a. Scope

b. Resources

c. Team

d. Budget

12 Which of the following is not correct about initial phase of a project?

a. The cost associated at the beginning of the project is highest.

b. Stakeholders have maximum influence during this phase

c. The highest uncertainty is at this stage of the project.

d. All the above statements are correct.

13 The successful project managers spend most of their time

a. Planning with their personnel

b. Planning with the top management
c. Communication with the project team
d. Studying project results

14 Which of the following is not an example of formal communication?

a. Contract

b. email

c. Project status report

d. Status meeting

15 When using project portfolio management, a company should select a project to be

performed by the organization based on:

a. How well the project meets the criteria they have established and their ability to
complete the project with the available resources
b. The description of the process and the number of projects in the program
c. The amount of money remaining in the budget and the company's ability to spend it
d. The skill of the people in the organization who haven't been assigned to work on a
project

16 If the Earned Value is equal to Actual Cost, it means:

 A. Project is on budget and on schedule

B. Schedule Variance Index is 1

C. There is no schedule variance

D. There is no cost variance

17 In project portfolio management, name the step that comes next AFTER deciding
whether to select, reject, or place a project on-hold.

a. Communicate the decision to the appropriate people in the organization.

b. Select a person to manage the project.
c. Hire people to work on the project.
d. Further define the project and establish a framework to manage it

18 Discounted cash flow is also known as

a. NPV
b. Internal rate of return
c. Profitable Index
d. Net margin value

19 Which of the following types of Organizational Charts can be BEST used to track
project costs : A. Hierarchical-type Organizational Chart

B. Organizational Breakdown Structure

C. Resource Breakdown Structure

D. Responsibility Assignment Matrix

20 Project selection techniques can be classified in

a. 2 types
b. 3 types
c. 4 types
d. 1 types

21 .Process Analysis is a function of:

A. Performance Analysis

B. Quality Metrics

C. Process Improvement Plan

D. Quality Improvement Plan

22 Root Cause Analysis relates to:

A. Process Analysis

B. Quality Audits

C. Quality Control Measurements

D. Performance Measurements

23 Who creates the project team?

a. Factory manager
b. Operation manager
c. Project manager
d. Purchase Manager

24 Project Scope is

a. an outline of what it is and isn’t setting out to achieve

b. also called as project planning
c. the budget estimate
d. None of the above

25 During which stage of Risk planning are risks prioritized based on probability and impact?

a. Identify Risks

b. Plan Risk responses

c. Perform Qualitative risk analysis

d. Perform Quantitative risk analysis

26 Project deliverables are

a. The scope of the project

b. The scope creep
c. the concrete results that your project produces
d. None of these

27 A schedule activity may begin 10 days before the predecessor activity finishes. This is an
example of:

A. Finish-to-Start

B. Start-to-Finish

C. Start-to-Start

D. Finish-to-Finish
28 Work Breakdown Structure (WBS)

a. Is the objective of a project

b. is a deliverable-oriented hierarchical decomposition of the work 
c. aggregation of project work
d. None of these

29 Risk is

a. A planned event
b. Guaranteed work
c. an unplanned event
d. None of these

30 Critical mean path is

a. The shortest path from start to end

b. The average mean path from start to end
c. The longest path from start to end
d. None of these

31 The process of Control Procurements falls under which process group

A. Planning

B. Closing

C. Monitoring and Control

D. Executing

32 During which stage of Risk planning are risks prioritized based on probability and
impact?

a. Identify Risks

b. Plan Risk responses

c. Perform Qualitative risk analysis

d. Perform Quantitative risk analysis

33 Project crashing is the method for

a. breaking the project duration

b. shortening the project duration
c. extending the project duration
d. none of these

34 Gnatt chart represents

 a. Cost estimates of the project
b. Resources used in the project
c. Schedule status of the project
d. None of the above

35 Which one of the following is captured in the Work Breakdown Structure (WBS)?

A. The life cycle phases

B. The logical order of tasks

C. The scope of the project

D. Project costs

36 .In Project management when does planning take place?

A. Before the project

B. During the project execution

C. At the start of the project

D. After the project

37 The particular task performance in CPM is known

A.Dummy

B.Event

C. Activity

D.Contract.

38 Crash time will always be a number

a. smaller than normal time

b. greater than normal time
c. equal to normal time
d. None of these

39 Goldratt is associated with

a. Critical path method

b. PERT
c. Critical chain method
d. None of the above

40 The time with which direct cost does not reduce with the increase in time is known as
A.crash time

B.normal time

C.optimistic time

D.standard time

41 To assist in budget control, it is suggested that the estimate occur at the _____ ____
______ level of the WBS

a. Highest
b. Lowest
c. Major work effort
d. Third

42 The cost variance is defined as

a. difference between planned value and actual costs

b. difference between earned value and actual costs
c. difference between earned value and earned costs
d. None of the above

43 . Project crashing is the method for -------------

A.Shortening the project duration by reducing the time of one or more critical activities

B.Adding resources at critical points

C.Doing technical analysis of the finished work for review

D.Adding duration to each activity

44 The criteria for acceptance of a project on the basis of Profitability Index (PI) is

A. PI=0

B. PI > 0

C. PI < 0

D. PI > 1

45 . In Project crashing, rent and overheads are treated as

A.Significant Cost

B.Insignificant costs

C.Direct Costs

D. Indirect Costs
46 The main objective of project auditing is

a. Ensures the project is completed in scheduled time

b. Ensure that the project meets the standards 
c. Ensure that the is project is completed
d. None of these

47 Controlling the changes in the project may affect

a. The progress of the project

b. Stage cost
c. Project scope
d. All of the above

48 Conflict occurrence in projects is

a. Unavoidable
b. Depend on type of project
c. Avoidable
d. Depends on culture

49 Which one of these is not a source of conflicts?

a. Schedules
b. Personal enmity
c. Resources competition
d. Cultural differences

50 PERT (Project Evaluation and Review Technique) analysis is based on

A. Optimistic time, Pessimistic time and Most likely time

B. Pessimistic time, Optional time, Maximum time

C. Optimistic time, Efficient time, Most likely time

D. Minimax time, Optimistic time and harmonic time

51 The numbering of the nodes in A-O-A is done

A. From left to right

B. From Right to Left

C. Randomly

D. On the basis of the duration of the activity

52 The successful project managers spend most of their time

a. Planning with their personnel

 b. Planning with the top management
c. Communication with the project team
d. Studying project results

53 The entire process of a project may be considered to be made up on number of sub process
placed in different stage called the

a. Technical key resources

b. Work key structure
c. Work Breakdown Structure (WBS)
d. Technical key resources

54 Outsourced projects are susceptible to conflicts as

A. People get less pay in these projects and work is more

B. More work pressure and less time horizon

C. These projects are away from home location

D. People are unaccustomed to working together and have different values

55 Which of these is not a risk management process

a. Risk Identification
b. Risk Planning
c. Risk Assessment
d. Risk response development

56 Which one these is not Potential Cause of Favorable Cost Performance

a. Efficiencies being realized

b. Overhead Rate increases
c. Fewer revisions and rework
d. Work less complex than anticipated

57 Which of the following represents the estimated value of the work actually accomplished?

A. Earned value (EV)

B. Planned value (PV)

C. Actual cost (AC

D. Cost variance (CV)

58 Amount of work completed to date compared with planned in the Earned Value
Management method is

A. Schedule Performance Index

B. Cost Performance Index

C. Percentage Complete

D .Percentage Spent

59 The payback period is the period

A. a project takes to pay back the loan taken to purchase the capital assets

B. equal to the useful life of the machines

C. a project takes to recover its initial cash outflow

D. over which the project will be getting operating cash inflows

60 In PERT (Project Evaluation and Review Technique) method Expected time (Te) is

A. (To+Tp+4Tm)/6

B. (To+Tp+2Tm)/6

C. (To+Tp+Tm)/6

D. (Tm+Tp+4To)/6

61 Which of the following activities is not considered a project?

A. Developing a new software program

B. Designing a space station

C. Preparing the site for the Olympic Games

D. Production of automobile tires

62 Assembling project team and assigning their responsibilities are done during which phase
of a project management?
(A) Initiation
(B) Planning
(C) Execution
(D) Closure

63 The basic nature of a project is a/an _____ one.

(A) permanent
(B) temporary
(C) (A) or (B)
(D) Both (A) and (B)

64 The statistical tool that depicts a project’s tasks and the relationships between those tasks
is known as
(A) milestone
(B) goal
(C) Gantt chart
(D) PERT chart

65 The scope of the work is defined in which phase of the project management?
(A) Initiating
(B) Planning
(C) Executing
(D) Closing

66 A project charter does not include ____ of the project.

(A) scope
(B) objectives
(C) team
(D) all above are include
67 Portfolio Management focuses on __________ goals
(A) targeted
(B) long-term
(C) tangible
(D) intangible

68 People participated in or affected by project activities are known as

(A) staff
(B) stakeholders
(C) project team
(D) project managers

69 How the project work will be carried out, monitored, and controlled? These questions are
answered in which phase of the project management?
(A) Initiating
(B) Planning
(C) Executing
(D) Closing

70 The review of the successes and the mistakes is normally held during _____ phase.
(A) initiation
(B) planning
(C) execution
(D) closure