Deck 12: Project Management

Question 1

Scheduling production on a weekly basis is an example of a project.

Answer 1

False

Question 2

As per the Project risk/return matrix,projects that are low-hanging fruit have a

A)low risk factor and low return factor.
B)high risk factor and low return factor.
C)low risk factor and high return factor.
D)high risk factor and high return factor.

Answer 2

A

Question 3

As per the Project risk/return matrix,projects that are poor candidates have a

A)low risk factor and low return factor.
B)high risk factor and low return factor.
C)low risk factor and high return factor.
D)high risk factor and high return factor.

Answer 3

B

Question 4

As per the Project risk/return matrix,projects that are excellent candidates have a

A)low risk factor and low return factor.
B)high risk factor and low return factor.
C)low risk factor and high return factor.
D)high risk factor and high return factor.

Question 5

Integrated change control is a key activity during the monitoring and controlling phase of a project.

Question 6

Integrated change control is a key activity during which phase of a project?

A)Initiation
B)Planning
C)Executing
D)Monitoring and controlling

Question 7

Developing the project charter is a key activity during the planning phase of a project.

Question 8

Reporting to see that the project plan is being followed is a key activity during which phase of a project?

A)Initiation
B)Planning
C)Executing
D)Monitoring and controlling

Question 9

As per Belbin,a person whose strengths are to be disciplined,reliable,conservative and efficient is ideal for the project team role of

A)shaper.
B)implementer.
C)coordinator.
D)resource investigator.

Question 10

The project team stage of development when a mutually supportive,steady state is achieved is

A)forming.
B)storming.
C)norming.
D)performing.

Question 11

As per Hersey and Blanchard's Situation Leadership Model,the manager's role of telling is categorized as

A)Low Task Behavior and Low Relationship Behavior.
B)Low Task Behavior and High Relationship Behavior.
C)High Task Behavior and High Relationship Behavior.
D)High Task Behavior and Low Relationship Behavior.

Question 12

As per Hersey and Blanchard's Situation Leadership Model,which role of a manager can be described as Low Task Behavior and Low Relationship Behavior?

A)Delegating
B)Participating
C)Selling
D)Telling

Question 13

As per Belbin,a person whose strengths are maturity,confidence,someone who clarifies goals,promotes decision making and delegates well is ideal for the project team role of

A)shaper.
B)implementer.
C)coordinator.
D)resource investigator.

Question 14

Developing the project charter is a key activity during which phase of a project?

A)Initiation
B)Planning
C)Executing
D)Monitoring and controlling

Question 15

The project team stage of development when the team becomes a cohesive unit and interdependence,trust,and cooperation develops between team members is

A)forming.
B)storming.
C)norming.
D)performing.

Question 16

Developing the preliminary project scope statement is a key activity during which phase of a project?

A)Initiation
B)Planning
C)Executing
D)Monitoring and controlling

Question 17

Developing the project management plan is a key activity during which phase of a project?

A)Initiation
B)Planning
C)Executing
D)Monitoring and controlling

Question 18

The project team stage of development when the team members get to know each other,however,agreements have not yet been made to facilitate smooth interaction between team members,is

A)forming.
B)storming.
C)norming.
D)performing.

Question 19

As per Hersey and Blanchard's Situation Leadership Model,the manager's role of participating is categorized as

A)Low Task Behavior and Low Relationship Behavior.
B)Low Task Behavior and High Relationship Behavior.
C)High Task Behavior and High Relationship Behavior.
D)High Task Behavior and Low Relationship Behavior.

Question 20

As per Belbin,a person who has the strengths of being an extrovert,enthusiastic,communicative and someone who explores opportunities and develops contacts is ideal for the project team role of

A)shaper.
B)implementer.
C)coordinator.
D)resource investigator.

Question 21

A project to which an employee is assigned full-time is known as ________.

Question 22

An organizational form in which an employee works part-time on a project team and continues to perform fundamental job assignments is known as ________ structure.

Question 23

The scope of a process improvement project team usually involves a local or single department.

Question 24

The act of celebrating successes,releasing resources,including people,and performing a project debrief is known as ________.

Question 25

Adding on unnecessary deliverables to a project is known as ________.

Question 26

The scope or participation in a Tiger team usually involves a local or single department.

Question 27

The act of defining what the team needs to do to complete a project is known as ________.

Question 28

________ is a term applied to the process of managing changes to the project charter and plan.

Question 29

Procrastination in beginning project tasks is known as the ________.

Question 30

A graph by Hersey and Blanchard that illustrates the correlation between task behavior,relationship behavior,and leadership behavior is known as the ________.

Question 31

Specialists that are assigned full-time to a project that needs to be completed quickly are known as ________ team(s).

Question 32

The process of reporting to see that the project plan is being followed is known as ________.

Question 33

Beginning project steps,including scoping and chartering projects,is known as ________.

Question 34

Developing a road map for the project is known as ________.

Question 35

The project charter is most likely to include the project goals,scope and deliverables.

Question 36

A one-time,temporary endeavor with a defined beginning and ending is known as a ________.

Question 37

Performing the work necessary to complete the project is known as ________.

Question 38

The project planning step of estimating activity times is done before determining the work breakdown structure of a project.

Question 39

The act of leading and directing the people and other resources in a project is known as ________.

Question 40

People that are dispersed around the country or world and work together over the Internet are known as ________ team(s).

Question 41

A tool for prioritizing potential projects where an estimate is made of the difficulty of completing the project in a reasonable amount of time with available resources is known as ________.

Question 42

Task C is directly preceded by two tasks-task A and task B.Task A has an expected task completion time of five weeks and an ES time of week 6.Task B has an expected task completion time of seven weeks and an ES time of week 7.Task C has an expected task completion time of 10 weeks.The ES for activity C is week

A)7.
B)14.
C)12.
D)24.

Question 43

In a project network,the critical path is the sequence of activities which has the

A)most tasks.
B)most nodes.
C)most events.
D)longest time.

Question 44

Key phases in a project time line are often referred to as milestones.

Question 45

Following are the three time estimates for a task in a project: optimistic completion time = 2 weeks
Most likely completion time = 4 weeks
Pessimistic completion time = 7 weeks
Compute the task variance.

A)0.5 weeks
B)1.23 weeks
C)0.69 weeks
D)2.25 weeks

Question 46

Key phases in a project time line are often referred to as ________.

Question 47

The shortest time for completing a project task is known as most likely completion time.

Question 48

The longest foreseeable completion time is known as ________.

Question 49

A sequence of activities that leads from the starting node to the finishing node is called a

A)path.
B)trail.
C)slack.
D)timeline.

Question 50

A document that outlines the primary deliverables,the objective,and the parameters of a project is known as ________.

Question 51

The formula which helps compute project times with a high probability of completion is known as ________.

Question 52

A tool for monitoring who is assigned to multiple projects is known as ________.

Question 53

The best estimate for the time required to complete a project task is known as ________.

Question 54

The act of creating a document outlining the deliverables of a project is known as ________.

Question 55

The shortest time for completing a project task is known as ________.

Question 56

The act of determining which tasks precede and follow other tasks is known as ________.

Question 57

The longest foreseeable task completion time is known as pessimistic completion time.

Question 58

Given the portion of the network diagram shown below,where numbers in boxes show the task times,what is the earliest finish time for task C,if the earliest start time for task A is 10,and the earliest start time for task B is 13?

A)13
B)16
C)20
D)24

Question 59

Following are the three time estimates for a task in a project: optimistic completion time = 2 weeks
Most likely completion time = 4 weeks
Pessimistic completion time = 7 weeks
Compute the expected time for the task.

A)3.5 weeks
B)4.167 weeks
C)5.23 weeks
D)5.75 weeks

Question 60

Allowing the deliverables of a project to expand over time is known as ________.

Question 61

The standard deviation of the critical path is equal to the sum of the standard deviations of all of the tasks on the critical path.

Question 62

The sum of times of the shortest path in a network indicates expected project completion time,and the tasks represent the critical activities.

Question 63

The method for planning and controlling projects having probabilistic time estimates using networks is called ________.

Question 64

Tasks on the critical path with no slack are known as ________.

Question 65

Tasks not on the critical path have a slack time equal to zero.

Question 66

The path in a network with the shortest length of time to completion is called the critical path.

Question 67

The path in a PERT network diagram with no slack is known as ________.

Question 68

The latest starting time for a task is equal to the latest finish time minus the task time.

Question 69

The method for planning projects that uses shortest paths is called ________.

Question 70

The table below provides information about tasks to be completed on a project,the precedence relationship between tasks and the expected times required to complete each task.Using this information,represent the project tasks on a Activity-on-Node (AON)network diagram,identify all the paths and the critical path,the critical tasks,the ES,EF,LS and LF times for each task and the time estimate for completing the project.

Question 71

The difference between the latest possible completion time and the earliest possible completion time for a project task is known as ________.

Question 72

A project network in which activities are labeled on the network nodes is known as ________.

Question 73

If two consecutive tasks on the same path each have two days of slack,this means that each of them can be delayed by two days without delaying the project.

Question 74

Table A2
For this question,please use the standard normal distribution table,Table A2.It has been estimated that the mean time required to complete a project is 20 weeks and the variance of project completion time is 9 weeks.What is the probability that the project will be completed in 23 weeks?

A)34%
B)50%
C)68%
D)84%

Question 75

The earliest finish time for a task is equal to the latest finish time minus the task slack.

Question 76

The network diagram describes sequential relationships among major tasks on a project.

Question 77

Table A2
For this question,please use the standard normal distribution table,Table A2.It has been estimated that the mean time required to complete a project is 20 weeks and the variance of project completion time is 9 weeks.So there is a 95% chance that the project can be completed in

A)10 weeks.
B)19 weeks.
C)20 weeks.
D)26 weeks.

Question 78

Task C is directly preceded by two tasks-task A and task B.Task A has an expected task completion time of five weeks and an ES time of week 6.Task B has an expected task completion time of seven weeks and an ES time of week 7.Task C has an expected task completion time of 10 weeks.The EF for activity C is week

A)7.
B)14.
C)12.
D)24.

Question 79

It has been estimated that the mean time required to complete a project is 20 weeks and the variance of project completion time is 9 weeks.So there is a 50% chance that the project can be completed in

A)10 weeks.
B)19 weeks.
C)20 weeks.
D)26 weeks.

Question 80

The earliest finish time for a task is equal to the latest finish time minus the task time.