BUSINESS ADMINISTRATION LEVEL 3 - NCFE MOCK EXAM #1 QUESTIONS AND ANSWERS

BUSINESS ADMINISTRATION LEVEL 3 - NCFE MOCK EXAM #1 QUESTIONS AND ANSWERS /. As part of your ongoing personal development you have been asked to manage a project for the first time. Which of the following would best define 'project'? A. The procedures that must be followed in order to achieve all business goals. B. A series of tasks that need to be completed in order to reach a specific outcome. C. A temporary duty to complete a plan of action for a board or management team. D. A strategy to provide information to senior staff or management team. - Answer-B. A series of tasks that need to be completed in order to reach a specific outcome. /.As part of the company's training and development programme you are creating training materials for the project management team. What is the difference between project management and process management? A. They are the same as they both monitor performance. B. One is about performance and the other is about objectives. C. One is on-going and the other has defined start and finish times. D. One is the monitoring of the processes and the other is task orientated - Answer-C. One is on-going and the other has defined start and finish times. /.You have been asked to lead the development of a new project for the first time and you are researching the process involved in project management. What is scope management within a project? A. Scope management is the process of managing resources and identifying gaps within project phases and the project life cycle. B. Scope management is the process whereby the project lead identifies and analyses project completion outcomes. C. Scope management is the process of identifying key project drivers and influences particularly around stakeholders. D. Scope management is the process whereby outputs, outcomes and benefits are identified, defined and controlled. - Answer-D. Scope management is the process whereby outputs, outcomes and benefits are identified, defined and controlled. /.You are managing a project and will be using the agile method. Which of the following is the best description of this? A. The process by which projects can be delivered on time without any delays or issues. B. The process by which projects can be monitored and the delivery of outcomes guaranteed. C. The process by which projects can be identified as unachievable prior to commencement. D. The process by which projects can be managed and implemented in small chunks of work - Answer-D. The process by which projects can be managed and implemented in small chunks of work /.Your manager has asked you to monitor a project as part of your personal development. Which of the following is a tool used to monitor project progress? A. Scheduling sheet. B. Gantt chart. C. Resource analysis. D. SWOT analysis. - Answer-B. Gantt chart. /.As part of your new role your manager has asked you to put together a resource plan for a project. What is the best description of project resource planning? A. A plan of required resources to meet the needs of a project. B. A plan of the staffing resources required over a specific time period. C. A plan for allocating tasks and activities to project contributors. D. A plan of financial commitments and outlays within a project scope. - Answer-A. A plan of required resources to meet the needs of a project. /.You are managing a project and are looking at some of the challenges that may be involved. What is the primary challenge of project management? A. To achieve most of the goals within time and cost limits. B. To achieve a positive outcome irrespective of time and cost. C. To achieve all of the goals within the given time and cost. D. To achieve some of the goals even if the time and cost have exceeded their limit. - Answer-C. To achieve all of the goals within the given time and cost. /.As part of your new role your manager has asked you to produce a schedule for a project. What is the best description of schedule management in a project? A. The listing of the project milestones, activities, and deliverables, usually with intended start and finish dates. B. The scope of the project broken down into manageable pieces of work with direct ownership. C. The way a project is decided upon in terms of the context in which it will be managed and the major stakeholders. D. The overarching plan for the project that gives detailed and clear project objectives. - Answer-A. The listing of the project milestones, activities, and deliverables, usually with intended start and finish dates. /.You have been asked to look at the culture of the organisation to determine if it meets expectations. What is the benefit to the workforce of a strong corporate culture? A. Increased team activities because everyone wants to be involved. B. Increased staff motivation because they feel part of the organisation. C. An increase in the number of employees attending social activities. D. An increase in the number of employees applying for promotions and new job roles. - Answer-B. Increased staff motivation because they feel part of the organisation. /.You have been asked to create a mission statement to help define and establish the company brand. What is a mission statement? A. A short statement of an organisation's values, process and purpose. B. A short statement of an organisation's purpose, procedures and values.