Question 1

By technical feasibility of a solution we mean that

Accepted Answer

A) technology is available to implement it 
B) persons are available to implement it 
C) persons have technical ability to implement it 
D) funds are available to implement it 
A) technology is available to implement it 
B) persons are available to implement it 
C) persons have technical ability to implement it 
D) funds are available to implement it A

Question 2

Which of the following is a factor that influences project selection?

Accepted Answer

A) Perceived and real needs 
B) List of potential and ongoing projects 
C) Current organizational environment 
D) All of the above 
A) Perceived and real needs 
B) List of potential and ongoing projects 
C) Current organizational environment 
D) All of the above D

Question 3

Goals are identified by

Accepted Answer

A) discussion with all concerned 
B) pinpointing unsatisfactory performance 
C) finding poor management 
D) examining a variety of documents 
A) discussion with all concerned 
B) pinpointing unsatisfactory performance 
C) finding poor management 
D) examining a variety of documents B

Question 4

Relationship based on unrelated level of activity and past data of cost is measured with help of

Accepted Answer

A) cost estimation 
B) price estimation 
C) unit estimation 
D) production estimation 
A) cost estimation 
B) price estimation 
C) unit estimation 
D) production estimation

Question 5

When classifying and ranking projects, which of the following refers to the amount and type of resources the project requires and their availability?

Accepted Answer

A) Value chain availability 
B) Business placement 
C) Resource availability 
D) Potential benefits 
A) Value chain availability 
B) Business placement 
C) Resource availability 
D) Potential benefits

Question 6

The primary deliverable from the project identification and selection phase is a:

Accepted Answer

A) schedule of specific IS development projects. 
B) Statement of Work. 
C) mission statement. 
D) design strategy. 
A) schedule of specific IS development projects. 
B) Statement of Work. 
C) mission statement. 
D) design strategy.

Question 7

Evaluation process of proposed projects or groups of projects is known as:

Accepted Answer

A) Project Analysis 
B) Project Compilation 
C) Project selection 
D) Project Documentation 
A) Project Analysis 
B) Project Compilation 
C) Project selection 
D) Project Documentation

Question 8

Which of the following statements is true?

Accepted Answer

A) PERT is considered as a deterministic approach and CPM is a probabilistic techniques. 
B) PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach. 
C) PERT and CPM are both probabilistic techniques. 
D) PERT and CPM are both considered as deterministic approachs. 
A) PERT is considered as a deterministic approach and CPM is a probabilistic techniques. 
B) PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach. 
C) PERT and CPM are both probabilistic techniques. 
D) PERT and CPM are both considered as deterministic approachs.

Question 9

When classifying and ranking projects, which of the following refers to the extent to which the project is viewed as helping the organization achieve its strategic objectives and longterm goals?

Accepted Answer

A) Resource availability 
B) Business placement 
C) Strategic alignment 
D) Potential benefits 
A) Resource availability 
B) Business placement 
C) Strategic alignment 
D) Potential benefits

Question 10

Which is the first stage in the project management model?

Accepted Answer

A) Understanding the project environment 
B) Project definition 
C) Project control 
D) Project planning 
A) Understanding the project environment 
B) Project definition 
C) Project control 
D) Project planning

Question 11

A clear hierarchy of objectives in the project definition would NOT normally contain:

Accepted Answer

A) The purpose 
B) An End result 
C) Success criteria 
D) Control mechanisms 
A) The purpose 
B) An End result 
C) Success criteria 
D) Control mechanisms

Question 12

In corporate costs, cost incurred to finance construction of new equipment are classified as

Accepted Answer

A) treasury costs 
B) discretionary costs 
C) human resource management costs 
D) corporate administration costs 
A) treasury costs 
B) discretionary costs 
C) human resource management costs 
D) corporate administration costs

Question 13

During feasibility analysis it is necessary to examine several alternative solutions because
(i) a comparison of alternatives will lead to a cost-effective solution
(ii) a pre-conceived single solution may turn out to be unimplementable
(iii) it is always good to examine alternatives
(iv) management normally looks at alternatives

Accepted Answer

A) i and iii 
B) i and iv 
C) i and ii 
D) ii and iv 
A) i and iii 
B) i and iv 
C) i and ii 
D) ii and iv

Question 14

For any project word objective is held to be synonymous with

Accepted Answer

A) Fact 
B) Option 
C) Opinion 
D) Assumption 
A) Fact 
B) Option 
C) Opinion 
D) Assumption

Question 15

In estimation of cost functions, variations in a single activity level represents the

Accepted Answer

A) related total costs 
B) related fixed cost 
C) related variable cost 
D) related per unit cost 
A) related total costs 
B) related fixed cost 
C) related variable cost 
D) related per unit cost

Question 16

Nature of interrelationships between components in a system defines the

Accepted Answer

A) Function of system 
B) Structure of system 
C) Environment of system 
D) Platform of system 
A) Function of system 
B) Structure of system 
C) Environment of system 
D) Platform of system

Question 17

Which of these is not one of the constraints of a project?

Accepted Answer

A) Scope 
B) Resources 
C) Team 
D) Budget 
A) Scope 
B) Resources 
C) Team 
D) Budget

Question 18

Listing goals of each existing and proposed project is first step in

Accepted Answer

A) Data Collection 
B) Establishment of Project council 
C) Prioritizing the projects 
D) Identification of project categories 
A) Data Collection 
B) Establishment of Project council 
C) Prioritizing the projects 
D) Identification of project categories

Question 19

By economic feasibility of a system we mean that

Accepted Answer

A) it is economical to operate 
B) it is expensive to operate 
C) it will be cost-effective if implemented 
D) finances are available to implement the system and it will be cost - effective 
A) it is economical to operate 
B) it is expensive to operate 
C) it will be cost-effective if implemented 
D) finances are available to implement the system and it will be cost - effective

Question 20

The latest finish time for an activity:

Accepted Answer

A) Equals the min. of LFT ? t for all immediate successors 
B) Equals the max. of LFT ? t for all immediate predecessors. 
C) Equals the max. of EST + t for all immediate predecessors. 
D) Equals the min. of EST + t for all immediate successors. 
A) Equals the min. of LFT ? t for all immediate successors 
B) Equals the max. of LFT ? t for all immediate predecessors. 
C) Equals the max. of EST + t for all immediate predecessors. 
D) Equals the min. of EST + t for all immediate successors.

By technical feasibility of a solution we mean that

Which of the following is a factor that influences project selection?

Goals are identified by

Relationship based on unrelated level of activity and past data of cost is measured with help of

When classifying and ranking projects, which of the following refers to the amount and type of resources the project requires and their availability?

The primary deliverable from the project identification and selection phase is a:

Evaluation process of proposed projects or groups of projects is known as:

Which of the following statements is true?

When classifying and ranking projects, which of the following refers to the extent to which the project is viewed as helping the organization achieve its strategic objectives and longterm goals?

Which is the first stage in the project management model?

A clear hierarchy of objectives in the project definition would NOT normally contain:

In corporate costs, cost incurred to finance construction of new equipment are classified as

For any project word objective is held to be synonymous with

In estimation of cost functions, variations in a single activity level represents the

Nature of interrelationships between components in a system defines the

Which of these is not one of the constraints of a project?

Listing goals of each existing and proposed project is first step in

By economic feasibility of a system we mean that

The latest finish time for an activity:

Project Planning and Analysis

Aspects of Market Research and Financial Statements

Financing and Industrial Unit Sickness

Project Management and Industrial Revival

Financial Management and Project Planning: Raw Materials, Expenses, and Working Capital

Finance and Business Operations

Organisational Structures, Conflict Management, and Change Management

Project Management and Quality Control

System Proposals, Feasibility Studies, Cost-Benefit Analysis, and Improvement Techniques

Project Management and Risk Analysis

Project Management Processes and Quality Control Techniques

Project Management and Software Development

Filters

Exam 9: Cost, Risk, and Project Selection in Project Management

By technical feasibility of a solution we mean that

Which of the following is a factor that influences project selection?

Goals are identified by

Relationship based on unrelated level of activity and past data of cost is measured with help of

When classifying and ranking projects, which of the following refers to the amount and type of resources the project requires and their availability?

The primary deliverable from the project identification and selection phase is a:

Evaluation process of proposed projects or groups of projects is known as:

Which of the following statements is true?

When classifying and ranking projects, which of the following refers to the extent to which the project is viewed as helping the organization achieve its strategic objectives and longterm goals?

Which is the first stage in the project management model?

A clear hierarchy of objectives in the project definition would NOT normally contain:

In corporate costs, cost incurred to finance construction of new equipment are classified as

For any project word objective is held to be synonymous with

In estimation of cost functions, variations in a single activity level represents the

Nature of interrelationships between components in a system defines the

Which of these is not one of the constraints of a project?

Listing goals of each existing and proposed project is first step in

By economic feasibility of a system we mean that

The latest finish time for an activity:

Project Planning and Analysis

Aspects of Market Research and Financial Statements

Financing and Industrial Unit Sickness

Project Management and Industrial Revival

Financial Management and Project Planning: Raw Materials, Expenses, and Working Capital

Finance and Business Operations

Organisational Structures, Conflict Management, and Change Management

Project Management and Quality Control

System Proposals, Feasibility Studies, Cost-Benefit Analysis, and Improvement Techniques

Project Management and Risk Analysis

Project Management Processes and Quality Control Techniques

Project Management and Software Development

Filters