1. An effective project manager must:
a. Tell his team members what to do
b. Be the most capable person on the team technically
c. Be focused on achieving results
d. Not trust his team members to achieve results without his personal attention to detail
2. Which of the following is a scope planning tool?
a. Benefit/cost analysis
b. WBS
c. Earned Value analysis
d. Fast tracking
3. A tool that graphically shows cost variance is:
a. A chart of accounts
b. A code of accounts
c. A histogram (also called a resource loading chart)
d. A cumulative cost curve (also called S-curve)
4. Internal Rate of Return (IRR) is the discount rate that sets the present value of cash outflow equal to the present value of cash inflow.
a. true
b. false
5. Which of the following is an elapsed time task?
a. Paint is drying
b. A painter paints the wall
c. Software is being written
d. A sandwich is being made
6. A project can be terminated prematurely because the original objectives may no longer be valid.
a. true
b. false
7. Bottom-up estimates:
a. Are based on historical trends
b. Can be derived from the WBS
c. Must employ Monte Carlo simulation
d. a and c
8. If review of a project's status indicates that EV = $400, AC = $400, and PV = $500, the project is:
a. On budget, behind schedule
b. On budget, ahead of schedule
c. Over budget, behind schedule
d. Over budget, ahead of schedule
9. The astute project manager typically uses only one management style in order not to confuse his/her teammates.
a. true
b. false
10. There is a definite link between the level of risk an enterprise encounters and project time frame.
a. true
b. false
11. In project management, the level of uncertainty plays a major role in determining the adequacy of a project plan.
a. true
b. false
12. Using working time or elapsed time to calculate the time it will take to complete a task produces the same results.
a. true
b. false
13. Under rapid prototyping (also called application prototyping), the customer actually sees and works with the deliverable as it evolves.
a. true
b. false
14. A four step risk assessment process reflecting standard risk management good practice consists of:
a. Risk identification, Risk deflection, Risk impact analysis, Risk monitoring and control
b. Risk acceptance, Risk impact analysis, Risk response planning, Risk monitoring and control
c. Risk deflection, Contingency planning, Risk impact analysis, Risk monitoring and control
d. Risk identification, Risk impact analysis, Risk response planning, Risk monitoring and control
15. A challenge of the matrix project organization is that:
a. Team members are full of ego
b. Team members are selected from the same functional area
c. Team members have divided loyalties
d. It enables functional managers to provide career guidance to their workers