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Quiz 11

The document discusses key concepts in project management including: 1) Project managers must balance time, cost, and quality when making trade-offs. 2) Effective project objectives should be specific, measurable, assignable, and time-related. 3) A project scope defines the end result and what will be delivered to customers. 4) Activity-on-node and activity-on-arrow are two approaches to represent project networks and dependencies between activities.

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0% found this document useful (0 votes)
18 views

Quiz 11

The document discusses key concepts in project management including: 1) Project managers must balance time, cost, and quality when making trade-offs. 2) Effective project objectives should be specific, measurable, assignable, and time-related. 3) A project scope defines the end result and what will be delivered to customers. 4) Activity-on-node and activity-on-arrow are two approaches to represent project networks and dependencies between activities.

Uploaded by

hanoma.156
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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1.

Project Managers must ensure that appropriate trade-offs are


made between the _____, _______, and _________________
requirements of the project.
a) Time, performance, and quality.
b) Time, cost, and performance.
c) Materials, Manpower, and Equipment.
d) Stakeholders, Contractor, and Owner.
2. Effective project objectives should be:
a) Specific, realistic, measurable, assignable, time-related.
b) Standard, Agreeable, Low cost, quantifiable.
c) Short time, Low cost, high impact, acceptable.
d) Organized, Specific, Practical, and Low cost.
3. A project Scope is:
a) A definition of the end result of your project, a product or
service for your client / customer. It describes what you expect
to delivered to your customer when the project is completed.
b) An outline of the breakdown structure and the activity
precedence.
c) A clear statement of time and cost for each project activity.
d) A detailed specification list for each material and equipment to
be used.
4. Activity-on-node (AON) and Activity-on-arrow (AOA) are
a) Two activities needed to represent project networks.
b) Two approaches to represent project networks.
c) Two methods to show precedence and dependencies among
project activities.
d) B and C.
5. What does PMBOK stand for?
a) Project Management Book.
b) Project Management by Organizational Knowledge.
c) Project Management body of knowledge.
d) People, Material, Buildings, Occupation, and Knowledge.
6. What is WBS?
a) Work Breakdown Structure.
b) Wages, and Base Salaries.
c) Work, Building, and Specifications.

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d) World Business Standards.
7. A temporary endeavor undertaken to accomplish a unique
purpose.
a) What is the definition of a project?
b) What is the definition of an activity?
c) What is the definition of an operation?
d) What is the definition of interrupted work?
8. Project Management is:
a) The application of knowledge, skills, tools and techniques to
project activities in order to meet or exceed stakeholder needs
and expectations
b) Managing people working in a project.
c) Controlling project cost.
d) Controlling delivery time of each activity.
9. Explain the importance of phases in a project
a) Phases of a project are a contractor’s scheme to increase cost
and “gold-plate” each activity.
b) Projects are broken up into phases to make the project more
manageable and to reduce risk. Each phase should focus on
producing a deliverable
c) The phases are start-up, execution, and shutting down.
d) Phases are essential for quality control of a project.
10. The following is one of the nine knowledge areas for
understanding project management according to the PMBOK.
a) Project communication Management
b) Project integration Management
c) Project Procurement Management
d) All of the above.
11. What is a project charter?
a) A project charter serves as an agreement and as a
communication tool for all the project stakeholders. The project
charter documents the project's value to the organization, and
describes the infrastructure needed to support the project. It
also summarizes many of the details found in the project plan.
b) It is the project network diagram and is either represented by
AON or AOA methods.

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c) It is the project Gantt chart
d) It is the project closing document.
12. The project managerial cycle is:
a) Planning, Executing, and Controlling.
b) Planning, Initiation, Project charter, Cost control, Delivery on
time, and Project closure.
c) Concept Development, review and design, Brain storming, and
Execution.
d) Cash management, Time management, and specification
management.
13. Under Project Planning the first task of planning is to establish
the objectives to be achieved in a project
a) True
b) False
14. Resource Allocation is a part of Project Planning, while it is not
part of Project Execution.
a) True
b) False
15. During a project the _______ process allows the project
manager to monitor and report progress.
a) Reporting
b) Planning
c) Controlling
d) Time Management
16. In developing the WBS an important rule must be considered,
which is:
a) The immediate predecessor rule, which limits the impact of
each activity on the project to its dependent activity.
b) The Time equals Money rule, which is a general rule of
tradeoffs that a Great Project Manager should follow.
c) The 100% rule, which states that all “children” activities scope
sums up to exactly the scope of the “parent” activity.
d) The customer is always right rule, which considers all scope
changes to be approved by the project owner.
17. The critical path is the shortest path through the project
network a) True

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b) False
18. Calculating the latest start time of an activity is done in the
backward pass, by subtracting the activity duration from the
latest finish time.
a) True
b) False
19. According to PERT technique for modelling variable activity
times of a project,
a) Activity times are statistically independent.
b) Activity times are statistically dependent.
c) Pessimistic time has a higher value in developing the expected
completion time.
d) Project Variance is statistically independent from the individual
activity times.
20. A project is considered running on acceptable rate when the
EV parameters CPI and SPI are:
a) CPI is greater than 1, while SPI is less than 1.
b) CPI is less than 1, while SPI is greater than 1.
c) CPI is less than 1, while SPI is also less than 1.
d) CPI is greater than 1, while SPI is also greater than 1

21. Which of the following graphs is the correct AOA representation


for the following project:
Activity Predecessors
A none
B A
C A
D B
E B and C
F D and E
a)

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b)

c) Both A and B
d) None of A or B.

22. During a project controlling session the following data was


offered to the project manager,
i. Only 6 activities were completed out of 8 scheduled to be
completed to date. ii. The budget cost for the completed
activities was 90,000 LE and the actual cost spent was
exactly the same.
iii. The expected budget for the project scheduled activities to
date (the 8 activities) was 100,000 LE. Therefore
a) CPI > 1, and SPI >1
b) SPI <1, but CPI >1
c) CPI =1, and SPI =1.
d) CPI=1, but SPI<1.
23. Plot the diagram for the following project and the find out the
minimum time to complete the project using CPM method.
Activity 7 can’t start until activity 5 is completed.
Activity Start End Completion time
node node (weeks)
1 1 2 2
2 1 3 3

5 of 7
3 1 4 2
4 2 5 3
5 3 6 7
6 4 6 5
7 5 7 4
8 6 7 9
9 7 8 3
a) 26 weeks
b) 21 weeks
c) 23 weeks
d) 22 weeks
24. In the previous project the Slack of activity 7 is
a) 0 weeks
b) 2 weeks
c) 5 weeks
d) 4 weeks
25. In the following graph:

a) Activity duration is shortened by 5 weeks but cost increased by


$800
b) Activity duration is fixed but cost is reduced to $400
c) Activity duration can be reduced to 5 weeks for additional cost
of $400
d) Project duration can be reduced by 5 weeks for additional cost
of $400

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26. A bank loan is offered at 12% per year, the loan amount is
500,000 LE and the payment plan is over 5 equal payments
over the next 5 years. The approximate amount to be paid back
is:
a) 112,000 LE per year
b) 881,171 LE per year
c) 144,705 LE per year
d) 138,705 LE per year

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