Examination
Paper – Project Management
1
IIBM
Institute of Business Management
IIBM
Institute of Business Management
Examination
Paper MM.100
Project
Management
Guidelines for paper
• Total No. of Questions is 100.
• The minimum passing marks is 50%.
• Each Question carries 1 mark.
• Answer all the Questions.
Multiple
Choices: Total Marks: 100
1. A ________________ is a
temporary endeavor undertaken to create a unique product, service, or
result.
a) Program
b) Process
c) Project
d) Portfolio
2. Which of the following is
not a potential advantage of using good project management?
a) Shorter development times
b) Higher worker morale
c) Lower cost of capital
d) Higher profit margins
3. Which of the following is
not an attribute of a project?
a) Projects are unique
b) Projects are developed
using progressive elaboration
c) Projects have a primary
customer or sponsor
d) Projects involve little
uncertainty
4. Which of the following is
not part of the triple constraint of project management?
a) Meeting scope goals
b) Meeting time goals
c) Meeting communications
goals
d) Meeting cost goals
5. The first stage of any
project is
a) Proposal
b) Conceptualization
c) Implementation
d) Management
………………………………..
19. ___________________
involves measuring progress toward project objectives and talking
corrective actions.
a) Initiating
b) Planning
c) Executing
d) Monitoring and controlling
20. What type of report do
project teams create to reflect on what went right with the project?
a) Lessons – learned report
b) Status report
c) Final project report
d) Business case
21. Project manager is
responsible for
a) Overseeing change
b) Cross functional
activities
c) Ever changing set of tasks
d) All above
22. Many people use
________________ to have a standard format for preparing various project
management documents.
a) Methodologies
b) Templates
c) Project management
software
d) Standards
23. What is the last step in
the four – stage planning process for selecting information technology
projects?
a) Information technology
strategy planning
b) Business area analysis
c) Project planning
d) Resource allocation
24. A new government law
requires an organization to report data in anew way. Under which
category would a new
information system project to provide this data fall?
a) Problem
b) Opportunity
c) Directive
d) Regulation
25. A __________________ is a
document that formally recognizes the existence of a project and
provides direction on the
project’s objectives and management.
a) Project charter
b) Preliminary scope
statement
c) Business case
d) Project management plan
……………………….
33. What major restaurant
chain terminated a large project after spending $170 million on it,
primarily because they
realized the project scope was too much to handle?
a) Burger King
b) Pizza Hut
c) McDonalds
d) Taco Bell
34. Scope
____________________ is often achieved by a customer inspection and then sign –
off on
key deliverables.
a) Verification
b) Validation
c) Completion
d) Close – out
35. Project management
software helps you develop a _________________, which serves as a basis
for creating Gantt charts,
assigning resources, and allocating costs.
a) Project plan
b) Schedule
c) WBS
d) Deliverable
36. WBS (Work Breakdown
Structure) is also known as
a) Chunking
b) Unbundling
c) Both (a) & (b)
d) None
37. What is the first process
in planning a project schedule?
a) Milestone definition
b) Activity definition
c) Activity resource
estimation
d) Activity sequencing
38. Predecessors, successes,
logical relationships, leads and lags, resource requirements, constraints,
imposed dates, and
assumptions are all examples of ___________________.
a) Items in an activity list
b) Items on a Gantt chart
c) Milestone attributes
d) Activity attributes
………………………
47. Which of the following
statement is false?
a) “Growing grass” was on the
critical path for a large theme park project.
b) The critical path is the
series of activities that determine the earliest time by which a
project can be completed.
c) A forward pass through a
project network diagram determines the early start and
early finish dates for each
activity.
d) Fast tracking is a
technique for marking cost and schedule trade-offs to obtain the
obtain the greatest amount of
schedule comparison for the least incremental cost.
48. _____________________ is
a method of scheduling that considers limited resources when
creating a project schedule
and includes buffers to protect the project completion date.
a) Parkinson’s Law
b) Murphy’s Law
c) Critical path analysis
d) Critical chain scheduling
49. _______________ is a
resource scarified or foregone to achieve a specific objective or something
given up in exchange.
a) Money
b) Liability
c) Trade
d) Cost
Examination
Paper – Project Management
9
IIBM
Institute of Business Management
50. What is main goal of project
cost management?
a) To complete a project for
as little cost as possible
b) To complete a project
within an approved budget
c) To provide truthful and
accurate cost information on projects
d) To ensure that an
organization’s money is used widely
51. A fundamental of ‘Theory
of Constraints’ (TOC) is to manage systems by focusing on the
constraints, termed as
a) Watermark
b) Bottleneck
c) Tick-sheet
d) None
52. “An activity will expand
to fill the time available”; it is
a) Newton’s Law
b) Parkinson’s Law
c) Einstein’s Law
d) None
…………..
64. _______________ generates
ideas for quality improvements by comparing specific project
practices or product
characteristics to those of other projects or products within or outside the
performing organization.
a) Quality audits
b) Design of experiments
c) Six Sigma
d) Benchmarking
65. What tool could you use
to determine whether a process is in control or out of control?
a) A cause – and – effect
diagram
b) A control chart
c) A run chart
d) A scatter chart
66. Complication to the
critical path represents the formation of compound series of activities often
involving different paths
which has been termed
a) The critical chain
b) The critical path
c) TOC
d) Resource path
67. Six Sigma’s target for
perfection is the achievement of no more than ________________ defects,
errors, or mistakes per
million opportunities.
a) 6
b) 9
c) 3.4
d) 1
68. The seven run rule states
that if seven data points in a row on a control chart are all below the
mean, above the means, or all
increasing or decreasing, then the process needs to be examined for
_________________ problems.
a) Random
b) Non – random
c) Six Sigma
d) Quality
69. What is the preferred
order for performing testing on information technology projects?
a) Unit testing, integration
testing, system testing, user acceptance testing
b) Unit testing, system
testing, integration testing, user acceptance testing
c) Unit testing, system
testing, user acceptance testing, integration testing
d) Unit testing, integration
testing, user acceptance testing, system testing
Examination
Paper – Project Management
12
IIBM
Institute of Business Management
70. ___________________ is
known for his work on quality control in Japan and developed the 14
points for Management in his
text Out of the Crisis.
a) Juran
b) Deming
c) Crosby
d) Ishikawa
71. The theory of constraints
(TOC) is successfully applied in
a) Planning
b) Checking
c) Manufacturing
d) Controlling
72. PMI’s OPM3 is an example
of a ____________________ model or framework for helping
organization improve their
processes and systems.
a) Benchmarking
b) Six Sigma
c) Maturity
d) Quality
73. Which of the following is
not part of project human resource management?
a) Resource estimating
b) Acquiring the project team
c) Developing the project
team
d) Managing the project team
74. _________________ causes
people to participate in an activity for their own enjoyment.
a) Intrinsic motivation
b) Extrinsic motivation
c) Self motivation
d) Social motivation
75. At the bottom of Maslow’s
pyramid or hierarchy of needs are _____________ needs.
a) Self – actualization
b) Esteem
c) Safety
d) Physiological
76. ________________ power is
based on a person’s individual charisma.
a) Affiliation
b) Referent
c) Personality
d) Legitimate
Examination
Paper – Project Management
13
IIBM
Institute of Business Management
77. What technique can you
use to resolve resource conflicts by delaying tasks?
a) Resource loading
b) Resource leveling
c) Critical path analysis
d) Over allocation
78. Which of the following is
not a tool or technique for managing project team?
a) Observation and
conversation
b) Project performance
appraisals
c) Issue logs
d) Social Styles Profile
79. What do many experts
agree is the greatest threat to the success of any project?
a) Lack of proper funding
b) A failure to communicate
c) Poor listening skills
d) Inadequate staffing
80. Which communication skill
is most important for information technology professionals for career
advancement?
a) Writing
b) Listening
c) Speaking
d) Using communication
technologies
81. Which of the following is
not a process in project communication management?
a) Information planning
b) Information distribution
c) Performance reporting
d) Managing stakeholders
82. A building may not be
constructed unless the planning permission for it has been obtained, this is
the
a) Legal constraint
b) Quality constraint
c) Cost constraint
d) Logic constraint
83. A ________________ report
describes where the project stands at a specific point in time.
a) Status
b) Performance
c) Forecast
d) Earned value
Examination
Paper – Project Management
14
IIBM
Institute of Business Management
84. __________________ is an
uncertainly that can have a negative or positive effect on meeting
project objectives.
a) Risk utility
b) Risk tolerance
c) Risk management
d) Risk
85. A person who is a risk -
______________ receives greater satisfaction when more payoffs is at
stake and is willing to pay a
penalty to take risks.
a) Averse
b) Seeking
c) Neutral
d) Aware
86. Which risk management
process involves prioritizing based on their probability and impact of
occurrence?
a) Risk management planning
b) Risk identification
c) Qualitative risk analysis
d) Quantitative risk analysis
87. The 7-S framework of
project management issues was promoted by
a) McJonald and Co.
b) McKinsly and Co.
c) J & K Co.
d) None
88. Your project involves
using a new release of a software application, but if that release is not
available, your team has
______________ plans to use the current release.
a) Contingency
b) Fallback
c) Reserve
d) Mitigation
89. A risk _________________
is a document that contains results of various risk management
processes, often displayed in
a table or spreadsheet format.
a) Management plan
b) Register
c) Breakdown structure
d) Probability / impact
matrix
Examination
Paper – Project Management
15
IIBM
Institute of Business Management
90. Your project team has
decided not to use an upcoming release of software because it might cause
your schedule to slip. Which
negative risk response strategy are you using?
a) Avoidance
b) Acceptance
c) Transference
d) Mitigation
91. For non critical
activities, network diagrams build in …………………………. at the start of
activities.
a) Temporary
b) Buffer
c) Slack
d) Anywhere
92. If a project being
undertaken by a particular project team, then these are referred as
a) Resource capability
b) Resource capacity
c) Resource calendar
d) Resource pool
93. The term ‘hedgehog
syndrome’ means
a) Management problem
b) Solving problem
c) Repetition of problem
d) Find out a problem
94. What is the first
procurement process?
a) Planning contracting
b) Planning purchasing and
acquisitions
c) Requesting seller
responses
d) Procurement management
planning
95. The _____________ is the
point at which the contractor assumes total responsibility for each
additional dollar of contract
cost.
a) A breakeven point
b) Share ratio point
c) Point of reconciliation
d) Point of total assumption
96. We’re standing on this
hill here. We want to be on that hill over there, this is
a) View
b) Vision
c) Mission
d) Aim
Examination
Paper – Project Management
16
IIBM
Institute of Business Management
97. A ______________________
is a document prepared by a seller when there are different
approaches for meeting buyer
needs.
a) RFP
b) RFQ
c) Proposal
d) Quote
98. Buyers often prepare a
______________________ list when selecting a seller to make this
process more manageable.
a) Preferred
b) Short
c) Qualified suppliers
d) BAFO
99. A proposal evaluation
sheet is an example of a(n) ______________________.
a) RFP
b) NPV analysis
c) Earned value analysis
d) Weighted scoring model
100. __________________ is a
term used to describe various procurement functions that are
now done electronically.
a) E – procurement
b) eBay
c) E – commerce
d) EMV
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