KTHP Mondal

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I.

MULTIPLE CHOICE
1. What does SIPOC stand for in quality management?
a. Suppliers, Inputs, Process, Outputs, Customer
b. Standards, Inspection, Process, Outputs, Controls
c. Strategy, Implementation, Planning, Outputs, Controls
d. Suppliers, Inspection, Process, Outputs, Customers
2. All process related assets from any of the organizations involved in the project
that can be used to influence the project's success.
a. Organizational process asset
b. Long-term goal
c. Project charter
d. Enterprise environmental factors
3. Expertise provided by any group or individual with specialized knowledge or
training on a subject.
a. Business Case
b. Expert judgement
c. Short-term goal
d. Project charter
4. Document issued by the project initiator or sponsor that formally authorizes
the existence of a project and provides the project manager with the authority to
apply organizational resources to project activities
a. Contract
b. Short-term goal
c. Goal setting
d. Project charter
5. Which quality planning tool helps in visualizing the relationship between
different variables?
a. Fishbone diagram
b. Control chart
c. Scatter diagram
d. Histogram
6. In quality planning, what is the purpose of benchmarking?
a. To allocate resources effectively
b. To compare project practices with best practices
c. To create project timelines
d. To monitor project costs
7. What does a Control Chart help to monitor in quality management?
a. Resource allocation
b. Budget variance
c. Process variation over time
d. Team performance
8. Which of the following is a common quality standard framework?
a. ISO 9001
b. PRINCE2
c. Agile
d. Lean Six Sigma
9. What is the first step in the quality planning process?
a. Define quality metrics
b. Identify project requirements
c. Conduct risk analysis
d. Develop a quality management plan
10, Which method is used to ensure continuous improvement in quality
management?
a. PDCA cycle (PlanDoCheckAct)
b. Critical Path Method (CPM)
c. Earned Value Management (EVM)
d. Monte Carto simulation
11. What is a primary benefit of quality planning in project management?
a. Increased project scope
b. Improved stakeholder satisfaction
c. Reduced project costs
d. Faster project completion
12. Which tool is used to break down a project into smaller, manageable parts for
quality planning?
a. Work Breakdown Structure (WBS)
b. Gantt chart
c. Network diagram
d. Resource histogram
13. Which is the first step of Schedule management process?
a. Sequence activity
b. Estimate activity durations
c. Determine activities
d. Develop schedule
14. Which is the second step of Project scheduling process?
a. Define activity
b. Estimate activity durations
c. Plan schedule management
d. Develop schedule
15. Which purpose of this Gantt chart?
a. Planning Monitor
b. Monitor
c. Make a decision
d. Make a choice
16. In this table, which information do we need more to build the schedule
management plan up?
a. Activity list
b. Duration
c. Predecessor
d. CPM
17. In this table, which information do we need to know if we would like to
develop the project schedule management?
a. Activity list
b. Sequence activity
e. Duration
d. Task coding
18. Which activity is in project estimation?
a. Defining activities
b. Resource
C. Develop schedule
d. Sequencing
19. PERT is a technique, used to manage
a. activities of a project
b. sequencing
c. quality
d. uncertain tasks of a project
20. Which of the following is the best way to evaluate risks?
a. Using a probability/impact matrix
b. Using a risk register
c. Using a risk breakdown structure
d. All of the above
21. Which of the following is NOT a risk communication technique?
a. Regular status meetings
b. Issue logs
c. Risk registers
d. Town halls
22. Which of the following is the best way to monitor risks?
a Regularly review the risk register
b. Hold regular status meetings
c. Communicate risks to stakeholders
d. All of the above
23. The final stage of the project life cycle is.
a. Initiation
b. Planning
c. Execution
d. Evaluation
24. Which of the following is NOT a risk management process?
a. Risk identification
b. Risk analysis
c. Risk response planning
d. Risk monitoring
25, Which tool is commonly used to identify the critical path?
a. Gantt Chart
b. Fishbone Diagram
c. Network Diagram
d. Histogram
26, What is a contingency plan in risk management?
a. A plan to avoid risks
b. A plan to manage residual risks
c. A backup plan to execute if identified risks occur
d. A plan to speed up the project
27. What does the term "risk appetite" refer to?
a. The total number of risks in a project
b. The amount of risk an organization is willing to accept
c. The frequency of risk occurrences
d. The likelihood of a risk event
28. What is a risk register?
a. A document listing all potential risks and their management strategies
b. A financial record of project expenditures
c. A list of project team members
d. A schedule of project activities
29. Expertise provided by any group or individual with specialized knowledge or
training on a subject
a. Business Case
b. Expert judgement
c. Short-term goal
d. Project charter
30. Project charter contents include.
a. Scope
b. Main stakeholders
c. Roles and responsibilities
d. All the above
31. Which of the following is the primary goal of quality planning in project
management?
a. To identify potential risks
b. To define quality standards
c. To allocate resources
d. To create a project schedule
32. What is the purpose of a Quality Management Plan?
a. To document the project scope
b. To outline quality assurance and control measures
c. To define the project budget
d. To establish a communication plan
33. Which tool is used to identify and prioritize potential problems in a project?
a. Gantt chart
b. Pareto chart
c. Work Breakdown Structure (WBS)
d. Responsibility Assignment Matrix (RAM)
34. Which method is used to ensure continuous improvement in quality
management?
a. PDCA cycle (PlanDoCheckAct)
b. Critical Path Method (CPM
c. Earned Value Management (EVM)
d. Monte Carlo simulation
35, What is a Histogram used for in quality management?
a. To show process variations over time
b. To display frequency distributions
c. To map out project timelines
d. To assign responsibilities
36. Which tool is used to identify the root causes of problems in quality
management?
a. Fishbone diagram
b. Control chart
c. Pareto chart
d. Histogram
37. Which risks response strategy involves taking no action and dealing with the
risk if it occurs?
a. Avoidance
b. Mitigation
c. Transfer
d. Acceptance
38. The third stage of the project life cycle is...
a. Closure and evaluation
b. Execution
c. Planning
d. Initiation
39. Some of the skills of a good project manager are:
a. Leadership; Communication; Information Technology: Accounting and
Purchasing
b. Dancing; Rapping: Singing: Acting and Purchasing c. Leadership and Information
Technology only
d. Communication and Accounting only
40. The outputs from the Monitor Risks process include all the following
EXCEPT:
a. Project documents updates.
b. Work breakdown structure (WBS).
c. Change requests.
d. Project management plan updates.
41. What is the critical path in a project?
a. The longest path through the project
b. The shortest path through the project
c. The path with the most tasks
d. The path with the least slack
42. Why is identifying the critical path important?
a. It helps to determine the total project duration
b. It identifies the tasks with the most slack
c. It prioritizes the tasks by cost
d. It finds the tasks with the least resources
43. If a project has multiple critical paths, what does this indicate?
a. The project is complex with multiple crucial tasks
b. The project is simple
c. The project is ahead of schedule
d. The project is under budget
44. Which tool is commonly used to identify the critical path?
a. Gantt Chart
b. Fishbone Diagram
c. Network Diagram
d. Histogram
45. How can the critical path be shortened?
a. By adding more tasks
b. By delaying noncritical tasks
c. By crashing or fast tracking tasks
d. By reducing the budget
46. What is the effect of reducing the duration of a task not on the critical path?
a. It shortens the overall project duration
b. It increases the critical path length
c. It creates a new critical path
d. It has no effect on the overall project duration
47. Which of the following best describes total slack?
a. The maximum amount of tine a project can be delayed
b. The total time allocated to complete a task
c. The time by which a task can be delayed without delaying the project end date
d. The time allocated for team breaks
48. If a task has zero slack, what does this imply?
a. The task is noncritical
b. The task is critical and cannot be delayed without affecting the project
c. The task is optional
d. The task has already been completed
49. What is free slack?
a. The total time available for the project
b. The time a task can be delayed without delaying subsequent tasks
c. The tine between project phases
d. The time saved by completing tasks early
50, What is a Work Breakdown Structure (WBS)?
a. A visual representation of project tasks and their dependencies
b. A hierarchical decomposition of the total scope of work to be carried out by the
project team
c. A timeline of project milestones
d. A list of project stakeholders
51. Which of the following is a key benefit of using a WBS?
a. It reduces project costs
b. It helps in dividing the project into manageable sections
c. It climates the need for project managers
d. It ensures project delays
52. What level of detail should a WBS include?
a. Only major project phases
b. Detailed tasks down to individual activities
c. Only high level project goals
d. Stakeholder names and roles
53. Which component is at the top of a WBS hierarchy?
a. The smallest task
b. The first milestone
c. The project itself
d. The project sponsor
54. In a WBS, what is a work package?
a. The entire project
b. The smallest unit of work that can be assigned
c. A phase of the project
d. A project goal
55. How does a WBS facilitate communication in a project?
a. By listing stakeholders
b. By clearly defining project tasks and responsibilities
c. By reducing the need for meetings
d. By simplifying project goals
56. How can the use of a WBS improve project control?
a. By providing a structured approach to task management
b. By reducing the number of project tasks
c. By eliminating project dependencies
d. By reducing the need for resources
57. The primary output of the Identify Risks process is the:
a. Risk register.
b. Expected monetary value of the risk events
c. List of corrective actions.
d. Risk mitigation plan.
58. All the following are inputs to the Identify Risks process EXCEPT:
a. Risk management plan.
b. Scope baseline.
c. Risk mitigation plan.
d. Quality management plan
59. Tools and techniques of the Perform Quantitative Risk Analysis process
include:
a. Contracting, contingency planning, alternative strategies, and insurance
b. Interviewing, historical results, workarounds, and response development.
c. Checklists, damage control reports, standard allowances, and inspection.
d. Expert judgment, data gathering, simulations, and decision tree analysis.
60. As un output of the Perform Quantitative Risk Analysis process, the risk
register is updated. These updates generally include:
a. Prioritized list of quantified risks.
b. Qualitative analysis of the threats to ignore and opportunities to accept.
c. Checklists, corrective actions, and qualified decision trees.
d. Direction, resources, and contingency costs.
II.SHORT ANSWER
61. The tool used for statistical analysis in quality management is known as Control
Chart.
62. This an example of a risk identification tool Fishbone diagram.
63. The quality planning tool is used to show the distribution of data points in
Histogram.
64. The quality tool is used to graphically represent the sequence of steps in a process
Flow Chart.
65. The focus of the ISO 9000 family of standards is quality management.
66. The most common risk response strategy is to reduce risk
67. The maximum amount of risk an organization is willing to bear risk toleration.
68. Full form of RBS Risk Breakdown Structure.
69. An example of qualitative risk analysis technique Expert judgment.
70. The risk response strategy involves reducing the likelihood or impact of a risk is
known as Mitigation.
71. An evaluation of quality management processes is known as Quality Audit.
72. The quality planning tool is used to show the distribution of data points in
Histogram.
73. TQM stands for Total quality Management
74. Full form of RBS Risk Breakdown Structure.
75. The technique is used for identifying risks in a project is known as Brainstorming.
76. The risk response strategy involves reducing the likelihood or impact of a risk is
known as Mitigation
77. The network diagramming technique used to predict total project duration is
Critical path analysis.
78. Shifting the impact of a risk to a third party is known as Risk transfer
79. The critical path is the longest path through a network diagram.
80. The project management tool gives a graphic representation of the project's
timeline is Gantt Chart.
III. SOLUTIONS
1.NPV CALCULATIONS
Rt
t
(1+i)
2.Rate of Return
(Total benefits – Total costs) / Total costs

3.Schedule Variance
• Difference between planned and actual progress
SV=EV-PV
• Earned value (EV) is the value of the work that has been completed
to date. It is calculated by multiplying the planned value (PV) by the
percentage of work completed.
• Planned value (PV) is the budgeted value of the work that should be
completed by a certain point in time. It is based on the project plan
and the estimated costs of each activity.
• Positive value (+): project is ahead of schedule
• Zero (0): project is on-time
• Negative(-): project is behind schedule

Earn value , Planned Value


(+): project is ahead of schedule
0: on-time
(-): behind schedule
4.Cost Variance
CV = Earn value (EV) – Actual Cost (AC)
(+): achieving more than you predicted for the money
0: right on the plan
(-): achieving less than you predicted for the money

5.Schedule Performance Index


SPI = Earned Value (EV) / Planned value (PV)
SPI < 1 : the project is behind schedule
SPI =1: right on schedule
SPI > 1: the project is ahead of schedule
6.Cost Performance Index
CPI = EV / AC
>1: under budget
=1 : on budget
<1: overspending the budget
7.Estimated Cost to Complete
ETC = BAC (budget at completion) – EV
ETC = (BAC – EV)/CPI

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