lOMoARcPSD|16248954
(1) Milestones established by the customer must be adhered to by:
1. Project manager
2. Functional managers
3. The customer
4. Both a and b
Answer:D
(2) The decision to request an increase the resources for a project is the responsibility of the:
1. Functional manager
2. Project manager
3. Director of project management
4. Customer
Answer: B
(3) In which of the following project phases is the project schedule developed?
1. Conceptual
2. Planning
3. Implementation
4. Design
Answer: B
(4) To crash a schedule you should:
1. Increase the time allowed on those tasks that have float.
2. Try to increase expenditures of time only those tasks that are behind schedule.
3. Replace those worker that are not performing up to par with the busy.
4. Increase work efforts on those tasks that are on the critical path.
Answer:D
(5) The project scope statement furnishes the basis for:
1. The project scope statement furnishes the basis for:
2. Provides links to the clients functional management groups
3. Allowing the project to move to the next phase
4. A way to provide updated information to the accounting department
Answer:A
(6) Which of the following is NOT one of the primary needs for good project scheduling?
1. Cutting costs and reducing time
2. Decreasing the time required for decision making
3. Eliminating idle time
4. Developing better trouble shooting procedures.
Answer: D
(7) The time necessary to complete a project is referred to as:
1. Implementation time
2. Life cycle
3. Operations cycle
4. Production cycle
Answer: B
(8) The successful project managers spend most of their time:
1. Planning with their personnel
2. Planning with the top management
3. Communication with the project team
4. Studying project results.
Answer: C
(9) Resource leveling attempts to :
1. Reduce resource requirements by smoothing out period-to period resource assignments.
2. Ensure that the budget abnormalities are overcome.
3. Reduce the amount of resources so that they can be shared with on other endeavors.
4. Increase the amount of the project manager's authority so that budget dollars can be appropriated.
Answer: A
(10) A prerequisite of effective time management is:
1. Knowing the dictated project completion date
2. Having the most advanced software package for project planning, scheduling and control
3. Having a good project WBS which identifies the major project deliverables and tasks, and the person responsible for
each of them
4. Having a well staffed scheduling department
Answer: A
(1) Which type of project cost estimate is the most accurate?
1. Preliminary
2. Definitive
3. Order of magnitude
4. Conceptual
Answer:B
(2) Which of the following type of contracts is most preferable to the contractor doing the project work?
, lOMoARcPSD|16248954
1. Cost plus fixed fee
2. Fixed price
3. Fixed price plus incentive free
4. B and C
Answer: A
(3) To assist in budget control, it is suggested that the estimate occur at the level of the WBS
1. Highest
2. Lowest
3. Major work effort
4. Third
Answer: B
(4) Cost Variance (CV) is which of the following equations?
1. CV = BCWP - BCWS
2. CV = BCWP - ACWP
3. CV = SV / BCWS
4. A and c
Answer:B
(5) Cost budgeting can be best described by which of the following?
1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that
could occur during the project
2. The process of assembling and predicting costs of a project over its life cycle
3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project
can be measured and managed
4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis
Answer:C
(6) Which of the following is a direct project cost?
1. Lighting and heating for the corporate office
2. Workers Compensation insurance
3. Piping for an irrigation project
4. A and B
Answer: C
(7) Cost controls can be best described by which of the following?
1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that
could occur during the project
2. The process of assembling and predicting costs of a project over its life cycle
3. The process of assembling and predicting costs of a project over its life cycle
4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis.
Answer: D
(8) The BCWS = $250, the ACWP = $350, and the BCWP = $200. Calculate the Cost Variance.
1. -$150
2. $150
3. -$50
4. $50
Answer: A
(9) One of the types of cost estimation is Order of Magnitude. This estimate:
1. is performed when detailed information is available
2. is performed when detailed information is available
3. is used in the beginning of the project conceptualization
4.Uses mostly information from past projects 5.
Answer: E
(10) Life Cycle Costing is a term that is:
1. used when making decisions between alternatives
2. employed principally by the government
3. typically used in the construction industry
4. not used within the government
5. A and B
Answer: E
(1) Measured quality of a manufactured product is :
1. Always constant
2. Continually decreasing
3. Subject to a certain amount of variation
4. Continually increasing
Answer:C
(2) The process control charts are used:
1. to graph what typically focuses on the prevention of a problem
2. to detect the problem
3. to reject the problem
4. to determine the acceptability of the same
(1) Milestones established by the customer must be adhered to by:
1. Project manager
2. Functional managers
3. The customer
4. Both a and b
Answer:D
(2) The decision to request an increase the resources for a project is the responsibility of the:
1. Functional manager
2. Project manager
3. Director of project management
4. Customer
Answer: B
(3) In which of the following project phases is the project schedule developed?
1. Conceptual
2. Planning
3. Implementation
4. Design
Answer: B
(4) To crash a schedule you should:
1. Increase the time allowed on those tasks that have float.
2. Try to increase expenditures of time only those tasks that are behind schedule.
3. Replace those worker that are not performing up to par with the busy.
4. Increase work efforts on those tasks that are on the critical path.
Answer:D
(5) The project scope statement furnishes the basis for:
1. The project scope statement furnishes the basis for:
2. Provides links to the clients functional management groups
3. Allowing the project to move to the next phase
4. A way to provide updated information to the accounting department
Answer:A
(6) Which of the following is NOT one of the primary needs for good project scheduling?
1. Cutting costs and reducing time
2. Decreasing the time required for decision making
3. Eliminating idle time
4. Developing better trouble shooting procedures.
Answer: D
(7) The time necessary to complete a project is referred to as:
1. Implementation time
2. Life cycle
3. Operations cycle
4. Production cycle
Answer: B
(8) The successful project managers spend most of their time:
1. Planning with their personnel
2. Planning with the top management
3. Communication with the project team
4. Studying project results.
Answer: C
(9) Resource leveling attempts to :
1. Reduce resource requirements by smoothing out period-to period resource assignments.
2. Ensure that the budget abnormalities are overcome.
3. Reduce the amount of resources so that they can be shared with on other endeavors.
4. Increase the amount of the project manager's authority so that budget dollars can be appropriated.
Answer: A
(10) A prerequisite of effective time management is:
1. Knowing the dictated project completion date
2. Having the most advanced software package for project planning, scheduling and control
3. Having a good project WBS which identifies the major project deliverables and tasks, and the person responsible for
each of them
4. Having a well staffed scheduling department
Answer: A
(1) Which type of project cost estimate is the most accurate?
1. Preliminary
2. Definitive
3. Order of magnitude
4. Conceptual
Answer:B
(2) Which of the following type of contracts is most preferable to the contractor doing the project work?
, lOMoARcPSD|16248954
1. Cost plus fixed fee
2. Fixed price
3. Fixed price plus incentive free
4. B and C
Answer: A
(3) To assist in budget control, it is suggested that the estimate occur at the level of the WBS
1. Highest
2. Lowest
3. Major work effort
4. Third
Answer: B
(4) Cost Variance (CV) is which of the following equations?
1. CV = BCWP - BCWS
2. CV = BCWP - ACWP
3. CV = SV / BCWS
4. A and c
Answer:B
(5) Cost budgeting can be best described by which of the following?
1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that
could occur during the project
2. The process of assembling and predicting costs of a project over its life cycle
3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project
can be measured and managed
4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis
Answer:C
(6) Which of the following is a direct project cost?
1. Lighting and heating for the corporate office
2. Workers Compensation insurance
3. Piping for an irrigation project
4. A and B
Answer: C
(7) Cost controls can be best described by which of the following?
1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that
could occur during the project
2. The process of assembling and predicting costs of a project over its life cycle
3. The process of assembling and predicting costs of a project over its life cycle
4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on-going basis.
Answer: D
(8) The BCWS = $250, the ACWP = $350, and the BCWP = $200. Calculate the Cost Variance.
1. -$150
2. $150
3. -$50
4. $50
Answer: A
(9) One of the types of cost estimation is Order of Magnitude. This estimate:
1. is performed when detailed information is available
2. is performed when detailed information is available
3. is used in the beginning of the project conceptualization
4.Uses mostly information from past projects 5.
Answer: E
(10) Life Cycle Costing is a term that is:
1. used when making decisions between alternatives
2. employed principally by the government
3. typically used in the construction industry
4. not used within the government
5. A and B
Answer: E
(1) Measured quality of a manufactured product is :
1. Always constant
2. Continually decreasing
3. Subject to a certain amount of variation
4. Continually increasing
Answer:C
(2) The process control charts are used:
1. to graph what typically focuses on the prevention of a problem
2. to detect the problem
3. to reject the problem
4. to determine the acceptability of the same
