The document discusses key concepts in project management including:
1) Project management involves planning, monitoring, and controlling projects to meet objectives and includes dividing work into tasks and establishing responsibilities, schedules, and budgets.
2) Risk is usually reduced as projects progress through phases like initiation, planning, execution, and closing using tools like Gantt charts, work breakdown structures, and quality management plans.
3) Project cost management aims to complete projects within approved budgets using techniques like estimating, budgeting, earned value analysis, and change control.
The document discusses key concepts in project management including:
1) Project management involves planning, monitoring, and controlling projects to meet objectives and includes dividing work into tasks and establishing responsibilities, schedules, and budgets.
2) Risk is usually reduced as projects progress through phases like initiation, planning, execution, and closing using tools like Gantt charts, work breakdown structures, and quality management plans.
3) Project cost management aims to complete projects within approved budgets using techniques like estimating, budgeting, earned value analysis, and change control.
The document discusses key concepts in project management including:
1) Project management involves planning, monitoring, and controlling projects to meet objectives and includes dividing work into tasks and establishing responsibilities, schedules, and budgets.
2) Risk is usually reduced as projects progress through phases like initiation, planning, execution, and closing using tools like Gantt charts, work breakdown structures, and quality management plans.
3) Project cost management aims to complete projects within approved budgets using techniques like estimating, budgeting, earned value analysis, and change control.
The document discusses key concepts in project management including:
1) Project management involves planning, monitoring, and controlling projects to meet objectives and includes dividing work into tasks and establishing responsibilities, schedules, and budgets.
2) Risk is usually reduced as projects progress through phases like initiation, planning, execution, and closing using tools like Gantt charts, work breakdown structures, and quality management plans.
3) Project cost management aims to complete projects within approved budgets using techniques like estimating, budgeting, earned value analysis, and change control.
● Review 2) Risk is usually _______ as the project progresses. ● Reduced 3) Assembling a project team and assigning their responsibilities are done during which phase of a project management? ● Initiation 4) The basic nature of a project is a/an _____ one ● Temporary 5) A process that involves continuously improving and detailing a plan as more detail become available is termed as ● progressive elaboration 6) A program is usually a group of ● Related project 7) Project management is divided in _____ process groups. ●5 8) A project is basically a _____activity ● Temporary 9) Which of the following statement is NOT true about a project? ● It contains no risk 10) A graphical chart that shows project tasks against time is known as ● Gantt chart 11) A _____ is a set of activities which are networked in an order and aimed towards achieving the goals of a project. ● Project 12) Resources refers to ● manpower & machinery & materials 13) Developing a technology is an example of ● Project 14) 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 ● 3-2-1-4 15) Project performance consists of ● time, cost & quality 16) Five dimensions that must be managed on a project ● features, Quality, Cost, Schedule, Staff 17) Resource requirement in a project becomes constant while the project is in its _____ progress stage. ● 80 to 95% 18) The probability of completing the project can be estimated based upon the ____ ● Normal distribution curve 19) In the initial stage of the project the probability of completing the project is ___ . ● Low 20) The entire process of a project may be considered to be made up on number of sub process placed in different stage called the ● Work Breakdown Structure 21) Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known ● Analog 22) Each component of the software product is separately estimated and the results aggregated to produce an estimate for the overall job. ● Bottom up 23) Following are the characteristics of Project Mindset. ● Time, Responsiveness, Information sharing, Processes, structured planning 24) Following is (are) the components of risk management ● risk assessment, risk control, risk ranking 25) Devising and maintaining a workable scheme to accomplish the business need” is ● Planning process 26) Controlling the changes in the project may affect ● The progress of the project, Stage cost & Project scope 27) Which one of the following is captured in the Work Breakdown Structure (WBS)? ● The scope of the project 28) Which stage of project management life cycle requires the maximum time of completion ● Execution 29) In Project management when does planning take place? ● At the start of the project 30) Which one is a true statement relating to project communications? ● Different stakeholders typically have different communication needs. 31) The particular task performance in CPM is known ● Activity 32) The critical path ● Is a path that operates from the starting node to the end node 33) Free float for any activity is defined as the difference between ● its earliest finish time and earliest start time for its successor activity 34) The time with which direct cost does not reduce with the increase in time is known as ● Normal time 35) time corresponding to minimum total project cost is ● between normal time and crash time 36) If any one factor of a project changes, _____ other factor(s) is/are likely to be affected ● Atleast one 37) Which from the following represents the correct project cycle? ● Initiating→ Planning→ ExecuƟng→ Closing 38) A horizontal bar chart that shows project tasks against a calendar is called ● Gantt chart 39) Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle? Select one ● Risks are identified with each major group of activities 40) Risk must be considered in the _____ phase and weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. Select one: ● Initiations 41) Which of the following is not a project management goal? ● Avoiding customer complaints 42) What is the first step in project planning? ● Establish the objectives and scope 43) According to the Project Management Institute (PMI), project management is defined as “the application of knowledge, _____, _____, and techniques to project activities to meet the project requirements”. ● Skills tools 44) During project estimation, project manager estimates following ● Project duration, Project effort & Project cost 45) Different activity of a project management is ● Project planning, project monitoring & project control 46) Effective software project management focuses on ● People, Product, Process, Project 47) Which of the following is not considered as a risk in project management? ● Testing 48) Risk management is one of the most important jobs for a ● Project manager 49) Capacity planning ● Save time 50) Which of the following is not considered a stakeholder in the software process? ● Sales people 51) Which of the following activities is undertaken immediately after the feasibility study and before the requirement analysis and specification phase? ● Project planning 52) A 66.6% risk is considered as ● High 53) Which one of the following is not a software process quality? ● Portability 54) Quality planning is the process of developing a quality plan for ● Project 55) Which process involves developing an approximation of the costs of resources needed to complete a project? ● Estimating cost 56) What type of management includes the processes required to ensure that a project team completes a project within an approved budget? ● Project cost management 57) Which process involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance? ● Determining the budget 58) Which process results in a cost baseline as a main output? ● Cost budgeting 59) What does the process of controlling costs primarily involve? ● managing changes to the project budget 60) Work performance information and cost forecasts are main outputs of which process? ● Cost control 61) Which method is used for determining the estimated annual costs and benefits for a project? ● Cash flow analysis 62) Which statement is true regarding indirect costs? ● not directly related to the products or services of a project 63) What is the first step in project cost management? ● plan how costs will be managed 64) Which type of estimate uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project? ● analogous estimates 65) What term is used for analogous estimates? ● Top-down 66) Which statement is true of analogous estimates? ● They are most reliable when previous projects are similar in fact with current projects 67) What type of estimate is a cost estimation tool that involves estimating individual work items or activities and summing them to get a project total? ● Bottom up 68) Which type of estimating uses project characteristics in a mathematical model to estimate project costs? ● Parameteric 69) Which is most likely to be a reason for inaccuracies in information technology cost estimates? ● People lack estimating experience. 70) The main goal of which process is to produce a cost baseline for measuring project performance and project funding requirements? ● Cost budgeting 71) Which is an input of the process of controlling costs? ● Work performance data 72) What is another term used for budget? ● Planned value 73) Which is true of earned value? ● It is an estimate of the value of the physical work actually completed. 74) Variances are calculated by subtracting the actual cost from which value? ● Earned value 75) Which statement best defines cost variance? ● earned value minus the actual cost 76) Which statement best defines schedule variance? ● earned value minus the planned value 77) What is the purpose of a cost performance index? ● estimate the projected cost of completing the project 78) Which is true of the schedule performance index? ● It can be used to estimate the projected time to complete the project. 79) The main outputs of which process are a quality management plan, quality metrics, project management plan updates, and project documents updates? ● planning quality management 80) Which term is used for a standard of measurement in quality management ● Metric 81) Which process is often associated with the technical tools and techniques of quality management, such as Pareto charts, quality control charts, and statistical sampling ● Quality control 82) Performing quality assurance is a subprocess of which project quality management stage ● Managing 83) Validated changes and validated deliverables are the outputs of the ____ subprocess of project quality management. ● Controlling 84) What are the system’s special characteristics that appeal to users? ● Features 85) Which addresses how well a product or service performs the customer’s intended use? ● Performance 86) What term is used for the ability of a product or service to perform as expected under normal conditions ● Reliability 87) Which five-phase improvement process do projects that use Six Sigma principles for quality control normally follows? ● DMAIC 88) Which phase of the DMAIC process includes tools such as a project charter, a description of customer requirements, process maps, and Voice of the Customer (VOC) data? ● define 89) What term is used for any instance where the product or service fails to meet customer requirements ● Defect 90) An input to define scope process is ● Project Charter 91) The following is true about WBS ● Each descending level represents an increasingly detailed description of the project ● deliverables 92) Which of the following is not an output of the Control Scope Process ● Accepted deliverables 93) Which project management plan guides the creation of the detailed project scope statement? ● Project scope plan 94) Which one of the following is not needed to define the project scope? ● Risk management plan 95) The lowest-level item in a WBS is called what? ● Work package 96) Which two items are parts of the scope baseline for the project? ● WBS and WBS dictionary 97) Scope verification leads to what? ● Formal acceptance of the complete project scope 98) What is the only tool and technique used during scope verification? ● Inspection 99) Creating the _____ involves subdividing the major project deliverables into smaller, more manageable components. ● WBS 100) The main outputs of scope definition are the _____ and project document updates ● project scope statement