101) An average PM spends 50% of her time on:
a) Meetings
b) Issue resolution
c) Managing stakeholders
d) Risk analysis
102) The cost of a contractor is $25 per hour. Two contractors working for 10 hours will cost $500. This is an example of:
a) Analogous estimating
b) Parametric estimating
c) Three-point estimating
d) Bottom-up estimating
103) Using PERT triangular distribution, calculate the time it takes for a task with the following information:
Pessimistic time=5 hours, Optimistic time=2 hours, Most likely time=5 hours. The answer is:
a) 4 hours
b) 3 hours
c) 5 hours
d) 1.5 hours
104) The cost management plan can establish:
a) Control thresholds
b) Organizational procedures links
c) Level of precision
d) All of the above
105) The revenue earned from doing a project is $1000. The costs involved sum to $500. The benefit cost ratio is:
a) 2
b) 0.5
c) 500000
d) None of the above
106) If the Benefit cost ratio is > 1, then:
a) Costs are greater than benefits
b) Benefits are greater than costs
c) Cannot be determined
d) Depends on other factors
107) EV=$1000, PV=$2000. The schedule performance index is:
a) 0.5
b) 2
c) 1000
d) None of the above
108) Earned value=$2000. Planned value=$2500. The schedule performance index is:
a) 0.8
b) 1.25
c) 500
d) None of the above
109) Estimate at completion can be calculated using BAC and CPI as:
a) BAC/CPI
b) CPI/BAC
c) BAC-CPI
d) CPI-BAC
110) Earned value=$1000, Actual cost=$2000. The cost variance is:
a) -1000
b) 2
c) 1000
d) None of the above
111) Actual cost=$1000, Budget at completion=$800, cost performance index=0.5, Earned value= $600, schedule performance index=0.5, both the CPI and SPI influence the remaining work,. The estimate at completion is:
a) $1000
b) $1400
c) $1800
d) None of the above
112) Actual cost=$1000, Budget at completion=$800, Earned value= $500, future work will be accomplished at the planned rate. The estimate at completion is:
a) $1000
b) $1300
c) $800
d) None of the above
113) Phase-end reviews are called:
a) Phase exits
b) Stage gates
c) Kill points
d) All of the above
114) The following is true about risk of failing:
a) It is higher in the beginning as uncertainty is high and gets lesser as the project continues
b) It remains the same throughout the project
c) It is lesser in the beginning as uncertainty is high and gets better as the project continues
d) None of the above
115) In a functional organization structure, the PM's authority is:
a) Little or none
b) Limited
c) Low
d) Moderate
116) In a strong matrix organization structure, the PM's authority is:
a) High to almost total
b) Limited
c) Low to moderate
d) Moderate to high
117) In a projectized organization structure, the PM's authority is:
a) High
b) Limited
c) High to almost total
d) Moderate to high
118) In a balanced matrix, the project budget is controlled by:
a) Functional manager
b) Project manager
c) Mixed
d) None of the above
119) Deming's cycle is used for continuous improvement of processes. The four-step management method is:
a) Plan-Do-Check-Act
b) Plan-Act-Check-Do
c) Plan-Act-Do-Check
d) None of the above
120) ‘Manage Project Team’ belongs to:
a) Monitoring process group
b) Executing process group
c) Controlling process group
d) Monitoring and controlling process group
a) Meetings
b) Issue resolution
c) Managing stakeholders
d) Risk analysis
102) The cost of a contractor is $25 per hour. Two contractors working for 10 hours will cost $500. This is an example of:
a) Analogous estimating
b) Parametric estimating
c) Three-point estimating
d) Bottom-up estimating
103) Using PERT triangular distribution, calculate the time it takes for a task with the following information:
Pessimistic time=5 hours, Optimistic time=2 hours, Most likely time=5 hours. The answer is:
a) 4 hours
b) 3 hours
c) 5 hours
d) 1.5 hours
104) The cost management plan can establish:
a) Control thresholds
b) Organizational procedures links
c) Level of precision
d) All of the above
105) The revenue earned from doing a project is $1000. The costs involved sum to $500. The benefit cost ratio is:
a) 2
b) 0.5
c) 500000
d) None of the above
106) If the Benefit cost ratio is > 1, then:
a) Costs are greater than benefits
b) Benefits are greater than costs
c) Cannot be determined
d) Depends on other factors
107) EV=$1000, PV=$2000. The schedule performance index is:
a) 0.5
b) 2
c) 1000
d) None of the above
108) Earned value=$2000. Planned value=$2500. The schedule performance index is:
a) 0.8
b) 1.25
c) 500
d) None of the above
109) Estimate at completion can be calculated using BAC and CPI as:
a) BAC/CPI
b) CPI/BAC
c) BAC-CPI
d) CPI-BAC
110) Earned value=$1000, Actual cost=$2000. The cost variance is:
a) -1000
b) 2
c) 1000
d) None of the above
111) Actual cost=$1000, Budget at completion=$800, cost performance index=0.5, Earned value= $600, schedule performance index=0.5, both the CPI and SPI influence the remaining work,. The estimate at completion is:
a) $1000
b) $1400
c) $1800
d) None of the above
112) Actual cost=$1000, Budget at completion=$800, Earned value= $500, future work will be accomplished at the planned rate. The estimate at completion is:
a) $1000
b) $1300
c) $800
d) None of the above
113) Phase-end reviews are called:
a) Phase exits
b) Stage gates
c) Kill points
d) All of the above
114) The following is true about risk of failing:
a) It is higher in the beginning as uncertainty is high and gets lesser as the project continues
b) It remains the same throughout the project
c) It is lesser in the beginning as uncertainty is high and gets better as the project continues
d) None of the above
115) In a functional organization structure, the PM's authority is:
a) Little or none
b) Limited
c) Low
d) Moderate
116) In a strong matrix organization structure, the PM's authority is:
a) High to almost total
b) Limited
c) Low to moderate
d) Moderate to high
117) In a projectized organization structure, the PM's authority is:
a) High
b) Limited
c) High to almost total
d) Moderate to high
118) In a balanced matrix, the project budget is controlled by:
a) Functional manager
b) Project manager
c) Mixed
d) None of the above
119) Deming's cycle is used for continuous improvement of processes. The four-step management method is:
a) Plan-Do-Check-Act
b) Plan-Act-Check-Do
c) Plan-Act-Do-Check
d) None of the above
120) ‘Manage Project Team’ belongs to:
a) Monitoring process group
b) Executing process group
c) Controlling process group
d) Monitoring and controlling process group
