Problem 1. Which of the following best exemplifies a project?
a. producing computer monitors
b. setting up the stage for a traveling musical production
c. processing insurance claims
d. writing a new textbook on project management
e. monitoring test results
Problem 2. Gantt Charts are used to:
a. communicate project schedule information
b. schedule project tasks
c. help managers measure performance
d. all the above
Problem 3. The WBS s typically used to:
a. to define a baseline for project performance measurement and control
b. to define the project schedule
c. to identify the logical person to be the project sponsor
d. all the above
Problem 4. The project plan is used to:
a. coordinate all project planning documents
b. improve management’s general skills
c. guide a project’s execution and control
d. both a and c
e. none of the above
Problem 5. Time management includes:
a. estimating how long it will take to complete the work
b. developing an acceptable project schedule
c. ensuring timely completion of the project
d. all the above
Problem 6. The project schedule is not used to determine:
a. the starting and finishing dates of the activity
b. occasional changes to the activities
c. the total float of activities
d. the project’s budget
Problem 7. Which technique shows external dependencies best?
a. activity-on-arrow diagramming
b. activity-on-node diagramming
c. PERT diagramming
d. none of the above
Problem 8. The following technique can be used in the analysis of risk in a project:
a. PERT
b. CPM
c. Monte Carlo
d. All of the above
Problem 9. An important output of the risk response development process includes:
a. a risk management plan
b. contingency plan
c. reserves
d. all the above
e. both a and c
Problem 10.
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Year 1
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Year 2
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Year 3
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Year 4
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Costs
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$ 5,000,000
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$ 1,000,000
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$ 1,000,000
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$ 1,000,000
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Benefits
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$ 0
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$ 2,000,000
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$ 4,000,000
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$ 4,000,000
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i. The payback for the project occurs in year:
a. 1
b. 2
c. 3
d. 4
ii. The net present value of the project is:
a. ($ 160,000)
b. $ 340,000
c. $ 570,000
d. $ 640,000
e. $ 1,360,000
iii. The project return on investment is:
a. (2.4%)
b. 7.7%
c. 8.5%
d. 13.60%
e. 20.00%