dnyansagar arts & commerce college

DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE – 45

MCQ Subject: Business Planning & Project Management (601) CLASS: TY BBA (VI SEM)

Dr. Maya Jadhav www.dacc.edu.in

UNIT-1

1-A ____ is a set of activities which are networked in an order and aimed towards achieving the goals of a project.

(A) Project

(B) Process

(C) Project management

(D) Project cycle

2-Resources refers to

(A) Manpower

(B) Machinery

(C) Materials

(D) All of the above

3-Developing a technology is an example of

(A) Process

(B) Project

(C) Scope


4-The project life cycle consists of

(A) Understanding the scope of the project

(B) Objectives of the project

(C) Formulation and planning various activities





5-Following is(are) the responsibility(ies) of the project manager.

(A) Budgeting and cost control

(B) Allocating resources

(C) Tracking project expenditure


6-Following are the phases of Project Management Life Cycle. Arrange them in correct order

Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery

(A) 3-2-1-4

(B) 1-2-3-4

(C) 2-3-1-4

(D) 4-3-2-1

7-Design phase consist of

(A) Input received

(B) Output received

(C) Both (A) and (B)

(D) None of the above

8-Project performance consists of

(A) Time

(B) Cost

(C) Quality





9-Five dimensions that must be managed on a project

(A) Constraint, Quality, Cost, Schedule, Staff

(B) Features, Quality, Cost, Schedule, Staff

(C) Features, priority, Cost, Schedule, Staff

(D) Features, Quality, Cost, Schedule, customer

10-Resorce requirement in project becomes constant while the project is in its _____ progress stage.

(A) 40 to 55%

(B) 55 to 70%

(C) 70 to 80%

(D) 80 to 95%

11-The probability of completing the project can be estimated based upon the ____ .

(A) Uniform distribution curve

(B) Normal distribution curve.

(C) U-shaped distribution curve


12-In the initial stage of the project the probability of completing the project is ___ .

(A) Zero

(B) High

(C) Low

(D) Any of the above




13-The entire process of a project may be considered to be made up on number of sub process placed in different stage called the

(A) Technical key resources

(B) Work key structure

(C) Work Breakdown Structure (WBS).


14-Tool used for comparison of the proposed project to complete projects of a similar nature whose costs are known.

(A) Algorithmic model

(B) Expert judgment

(C) Top down

(D) Analogy

15-Each component of the software product is separately estimated and the results aggregated to produce an estimate for the overall job.

(A) Algorithmic model

(B) Expert judgment

(C) Bottom-up

(D) Top down

16-Following is (are) the component(s) of risk management

(A) Risk Assessment

(B) Risk Control

(C) Risk Ranking





17-Following are the characteristics of Project Mindset.

(A) Time, Responsiveness, Information sharing, Processes, structured planning

(B) Time, Project management, Information sharing, Processes, structured planning

(C) Time, Responsiveness, Information sharing, capability, structured planning

(D) Time, Responsiveness, Information sharing, Processes, project planning

ANSWER KEY

Q A Q A Q A Q A 1 A 6 B 11 B 16 D 2 D 7 A 12 D 17 A

3 D 8 D 13 C 18 4 C 9 A 14 D 19

5 D 10 A 15 A 20




UNIT-2

1. “Devising and maintaining a workable scheme to accomplish the business need” is

(A) Initiating process

(B) Planning process

(C) Executing process

(D) Controlling process

.2.-Controlling the changes in the project may affect

(A) The progress of the project

(B) Stage cost

(C) Project scope


3-Following is (are) the tool(s) for changing a process

(A) Change Management System (CMS)

(B) Configuration Management (CM)

(C) Both (A) and (B)


4. What are the advantages of the monitoring and controlling stage?

A)The monitoring and controlling stage happens along with the execution phase and is used to check the project performance

B)It is required to close out the project and hence happens before the closure phase

C)The monitoring and controlling stage can be skipped in some instances

D)The monitoring and controlling stage is the same as execution stage.




5.Ideally what are the number of stages in the project lifecycle?

A)It depends on the complexity of the project.

B)Always all projects need to have 5 stages

C)Lean Start Up has mostly just 3 stages

D)Monitoring and Controlling phase can be skipped.

6. When considering the following activities, which is the best example of a project?

A)Processing insurance claims

(B)Producing automobiles

(C)Writing a policy manual

(D)Overseeing customer requests

7.In the _____________ stage of the project life cycle, project objectives are established, teams are formed, and majorresponsibilities are assigned.

A)Identifying

B)Defining

C)Planning

D)Executing

E)Closing

8.In the _____________ stage of the project life cycle, a major portion of the physical project work performed.

A)Identifying

B)Defining

C)Planning

D)Executing




9.Which of the following is NOT typical of a project manager?

A)Managing a temporary activity

B)Overseeing existing operations

C)Managing a non-repetitive activity

D)Responsible for time, cost and performance trade-offs

10.Which of the following choices is NOT one of the driving forces behind the increasing demand for project management?

A)Compression of the product life cycle

B)Knowledge explosion

C)Increasing need for multi-project management

D)Declining need for product customization

11.Which dimension of project management centers on creating a temporary social system within a larger

organizationalenvironment that combines the talents of a divergent set of professionals working to complete the project?

A)Communication

B)Sociocultural

C)Social

D)Technical

12.What is project lifecycle?

(A)When a project is about to complete, it starts a new project to shift the work to the next generation of deliverables.

(B)Everything from project start to project finish.

(C)A series of phases a project passes through from initiation to closure.

(D)Don’t know




13. What is the difference between a predictive lifecycle and an adaptive lifecycle?

(A)Predictive lifecycle forecasts project completion; adaptive lifecycle completes the project when the money runs out.

(B)Predictive lifecycle is plan-driven; adaptive lifecycle is change-driven.

(C)The predictive follows the same pattern for each iteration and the adaptive lifecycle changes its approach based upon performance growth of the project results.

(D)Don’t know

14.What factors are used to determine the project lifecycle approach that will be used?

(A)Time and money

(B)Industry standards and resource availability

(C)Project uncertainty and organization culture

(D)Don’t know

15. Milestones established by the customer must be adhered to by:

(A). Project manager

(B). Functional managers

(C) The customer

(D) Both a and b

16.The decision to request an increase the resources for a project is the responsibility of the:

(A) Functional manager

(B) Project manager

(C) Director of project management

(D) Customer




ANSWER KEY

Q A Q A Q A Q A 1 D 6 D 11 A 16 B

2 D 7 C 12 C 17 3 B 8 D 13 C 18 4 A 9 C 14 C 19

5 B 10 D 15 D 20




UNIT-3

1.In which of the following project phases is the project schedule developed?

(A) Conceptual

(B) Planning

(C) Implementation

(D) Design

2.To crash a schedule you should:

(A) Increase the time allowed on those tasks that have float.

(B) Try to increase expenditures of time only those tasks that are behind schedule.

(C) Replace those worker that are not performing up to par with the busy.

(D) Increase work efforts on those tasks that are on the critical path

3.The project scope statement furnishes the basis for:

(A) The project scope statement furnishes the basis for:

(B) Provides links to the clients functional management groups

(C) Allowing the project to move to the next phase

(D) A way to provide updated information to the accounting department

4.Which of the following is NOT one of the primary needs for good project scheduling?

(A). Cutting costs and reducing time

(B) Decreasing the time required for decision making

(C) Eliminating idle time

(D) Developing better trouble shooting procedures.




5.The time necessary to complete a project is referred to as:

(A) Implementation time

(B). Life cycle

(C) Operations cycle

(D)Production cycle

6.The successful project managers spend most of their time:

(A) Planning with their personnel

(B) Planning with the top management

(C) Communication with the project team

(D)Studying project results.

7.Resource leveling attempts to :

(A) Reduce resource requirements by smoothing out period-to period resource assignments. 2. Ensure that the budget abnormalities are overcome.

(B). Reduce the amount of resources so that they can be shared with on other endeavors.

(C). Increase the amount of the project manager's authority so that budget dollars can be appropriated.

8.A prerequisite of effective time management is:

(A) Knowing the dictated project completion date

(B) Having the most advanced software package for project planning, scheduling and control

(C) Having a good project WBS which identifies the major project deliverables and tasks, and the person responsible for each of them

(D) Having a well staffed scheduling department




9. Which type of project cost estimate is the most accurate?

(A) Preliminary

(B). Definitive

(C) Order of magnitude

(D). Conceptual

10.Which stage marks the beginning of the project?

(A)Initiation

(B)Planning

(C)Deciding on a project

(D)Closing out the previous project.

11. One of the types of cost estimation is Order of Magnitude. This estimate:

(A) is performed when detailed information is available

(B) is performed when detailed information is available

(C) is used in the beginning of the project conceptualization

(D). Uses mostly information from past projects 5.

ANSWER KEY

Q A Q A Q A Q A 1 B 6 C 11 D 16

2 D 7 A 12 17 3 A 8 A 13 18 4 D 9 B 14 19

5 B 10 A 15 20




UNIT-4

1.Life Cycle Costing is a term that is:

(A) used when making decisions between alternatives

(B) employed principally by the government

(C) typically used in the construction industry

(D) A and B

2. Measured quality of a manufactured product is :

(A). Always constant

(B)Continually decreasing

(C) Subject to a certain amount of variation

(D) Continually increasing

3.The process control charts are used:

(A) to graph what typically focuses on the prevention of a problem

(B). to detect the problem

(C) to reject the problem

(D) to determine the acc

4.To successfully motivate a team in today's high tech - high demand environment, which motivational theories should the PMuse to maintain a happy, productive team?

(A) Expectancy and Theory X

(B). Theory Y and Maslow's Hierarchy

(C) Theory Y, Expectancy and Herzberg's Hygiene Factors

(D). Herzberg's Hygiene Factors and Expectancy




5.To successfully manage a project, the PM must play both a manager and leadership role. In the manager role the PM will doall but which of the following:

(A) Develop procedures

(B). Align people

(C) Produce results for stakeholder

(D) Focus on the organization and its structure 5. Both b and d

6To be successful in a functional organization, the PM must rely on:

(A) Referent power

(B). Formal authority

(C) . Informal power structure

(D) Both a and c

7.Which form of power is the LEAST effective from the project manager's viewpoint in terms of influencing functionalmanagers?

(A) Formal power

(B)Expert power

(C) Penalty power

(D). Referent power

8.The Project manager should be able to fulfill the role of:

(A). an integrator

(B). a functional manager

(C) . a line manager

(D). a sponsor




9.The most successful project manager usually:

(A). works their way up from assistants in the project office to full-fledged project managers, supplementing that experiencewith formal education.

(B) Comes right from Harvard's MBA program into managing very large projects.

(C) Is considered the technical expert of their field.

(D) Has considerable experience as a functional manager before moving into the project management arena.

10.when implementing projectmanagement in an organization?

(A) Completely selling the project management concept to the entire organization.

(B) Choice of the type of project manager.

(C) Choice of the type of project organization to be utilized.

(D)All of the above. 5.

11.The project manager has the most authority in the __________________ type of organization.

(A). Project expediter

(B). Matrix

(C) Projectized organization

(D) Functional

12.Which of the following can cause a communication barrier?

(A). Differing perceptions as to project goals and objectives

(B) Insufficient action on the part of the project manager

(C) Competition for facilities, equipment, material, manpower and other resources





13.Most of the project manager's external communication links consist of:

(A) Written documents

(B) Oral communication

(C) Tactile contact

(D). Informal contac

14.The critical element in a project's communication system is the:

(A) Progress report

(B) Project directive

(C) Project manager

(D) Customer

ANSWER KEY

Q A Q A Q A Q A

1 D 6 B 11 D 16 2 D 7 D 12 C 17 3 C 8 C 13 D 18

4 B 9 A 14 A 19 5 C 10 A 15 20




UNIT-5

1.Communication management:

(A). Is important only in projects involving telephone, television, radio, or newspaper production facilities and operations

(B) Is not a big problem for people with normal speech, sight and hearing

(C) Involves the originator, the message, the medium and the receiver

(D). Preparing an agenda

2. Truly effective communication:

(A) Depends on using multiple channels

(B) Depends on selecting the right method for each message and avoiding duplication, since everyone is overloaded with information

(C) . Cannot depend solely on non-verbal signals which might be misunderstood

(D). a, b and c

3.Methods of transmitting include:

(A) Oral and written

(B) Non-verbal/ visual

(C) Tactile, involuntary and intuitive


4.A project management information system consists of:

(A) A project management software package operating on appropriate computer facilities

(B) Hardware, software, documents, and procedures

(C) Automated and manual methods for gathering, recording, filtering, and dissemination of pertinent information for members of a project team





5.The process of communication contains four major parts. Which part is the vehicle or method used to convey the message?

(A) Communicator

(B)Message

(C) Medium

(D). Recipient

6. The contemporary view of conflict is that:

(A). Conflict is bad

(B) Conflict is caused by trouble makers

(C) Conflict should be avoided

(D). Conflict is often beneficial

7.Approximately what percentage of the project manager's time is spent in some form of

communication, such as:conferences, meetings, writing memos, reading and preparing reports, and talking with project team members, uppermanagement, and all other stalk holders?

(A) 10-20%

(B). 50-70%

(C) 75-90%

(D) 21-45%

8 The Three attributes of project risk are _________, ___________ and ___________.

(A). What might happen, who it happens to, and how much will it cost

(B). Notification, frequency of relevant events, probability of occurrence

(C) Risk cost, quality, control

(D). Risk event, probability occurrence, the amount at stake




9. One of the initial project documents, issued by senior management, which outlines the authority of the project manager, iscalled Project charter. As a seller, what other document can be used in this place:

(A) Work breakdown structure

(B) Project scope

(C) Contract

(D) Internal memo

10. During the planning development process, at times it is necessary to make certain assumptions to

enhance the project planwhen the data is not available. In regard to making those assumptions, which one of the following is most true for projectplanning purposes?

(A). The assumptions will be considered as true, real, or certain.

(B) By making the assumption, it tends to reduce the project risk.

(C) Project assumptions are based upon historical data used for the project.

(D) Senior management predefines the budget constraints.

11.A project planning methodology is any structured approach used to guide the project team during development of the projectplan. What is an example of this methodology?

(A). Standard forms or templates.

(B)Upper management involvement

(C) Functional work authorizations

(D). Stakeholders skills

12.The engineer of the project in the planning phase and makes a significant contribution to the technical scope. This is anexample of what type of skill and knowledge?

(A). Inherent

(B). Stakeholder

(C) Technical evaluation

(D). Convergent thinking Answer: B




13.In a program or project plan, there are always revisions to account for new or missing data. Which one of the followingprovides the best reason for performing a revision of the plan?

(A). A supplier has changed the way their product is delivered to your supplier

(B) Project tasks are crashed to meet their end dates

(C) . Human resources will remain constant through out the project

(D). Historical data on a similar project suggests that risk events are not included in the current plan.

14. The project closing process is essential to overall project planning. What is considered one of the most important steps inclosing the project?

(A). Insuring that plans are produced to implement the project by phases.

(B) Issuing work orders so that financial data can be collected.

(C) Transition the lease of equipment to the owner

(D) Satisfying the contractual obligations

15..Each project phase is marked by completion of one or more:

(A). Tasks.

(B). Deliverables

(C) Phases

(D). Life cycles

16.The Scope Statement should contain which of the following?

(A). Project schedule

(B). Project budget constraints

(C) Summary of project tasks , deliverables and resources required

(D). Project objectives




17.The Scope Management Plan is included in which of the following documents.

(A). Project Plan

(B). The Work Breakdown Structure

(C) The Scope Statement

(D). Project Specifications

18.Project Scope:

(A)is of concern only at the start of the project

(B) is mainly a problem to be handled by the change control procedures during the project execution

phase.

(C) Should be managed and controlled from the project concept through close-out

(D) is usually not a problem

19.PMI states that there are two risk types : business and insurable. Which of the following are considered insurable risks?

(A). Employee replacement costs

(B) Opportunity costs

(C) Sunken costs

(D) A and D

ANSWER KEY

Q A Q A Q A Q A

1 C 6 D 11 A 16 D 2 D 7 C 12 B 17 C

3 D 8 D 13 B 18 D 4 D 9 C 14 D 19 D 5 C 10 A 15 C 20

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