Project Management

IIBM Institute of Business Management

Examination Paper MM.100

Project Management

Guidelines for paper

• Total No. of Questions is 100.• The minimum passing marks is 50%.• Each Question carries 1 mark.• Answer all the Questions.

Multiple Choices: Total Marks: 100

1. A is a temporary endeavor undertaken to create a unique product, service, or result.

a) Program b) Process c) Projectd) Portfolio

2. Which of the following is not a potential advantage of using good project management?

a) Shorter development times b) Higher worker moralec) Lower cost of capitald) Higher profit margins

3. Which of the following is not an attribute of a project?

a) Projects are uniqueb) Projects are developed using progressive elaboration c) Projects have a primary customer or sponsord) Projects involve little uncertainty

4. Which of the following is not part of the triple constraint of project management?

a) Meeting scope goals b) Meeting time goalsc) Meeting communications goals d) Meeting cost goals

5. The first stage of any project is

a) Proposalb) Conceptualizationc) Implementation d) Management

1IIBM Institute of Business Management

Examination Paper – Project Management

6. is the application of knowledge, skills, tools and techniques to project activities to meet project requirements.

a) Project management b) Program managementc) Project portfolio managementd) Requirements management

7. Project portfolio management addresses goals of an organization, while project management addresses goals.

a) Strategic, tactical b) Tactical, strategic c) Internal, external d) External, internal

8. Several application development projects done for the same functional group might best be managed as part of a

a) Portfolio b) Programc) Investmentd) Collaborative

9. Which of the following is not one of the top ten skills or competencies of an effective project manager?

a) People skills b) Leadershipc) Integrityd) Technical skills

10. What is the certification program called that the Project Management Institute provides?

a) Microsoft Certified Project Manager (MCPM)b) Project Manager Professional (PMP) c) Project Management Expert (PME) d) Project Management Mentor (PMM)

11. A is a series of actions directed towards a particular result.

a) Goalb) Processc) Pland) Project



12. Processes include coordinating people and other resource to carry out the project plans and produce the products, service, or results of the project or phase.

a) Initiating b) Planning c) Executingd) Monitoring & controlling

13. Which process group normally requires the most resources and time?

a) Initiating b) Planning c) Executingd) Monitoring and controlling

14. A work breakdown structure, project schedule, and cost estimates are outputs of the process.

a) Initiatingb) Planning c) Executingd) Monitoring and controlling

15. Which process group includes activities from each of the nine knowledge areas?


16. Project management as a profession is almost unique in having institutions concerned with its development who promote what they term their

a) Body of languageb) Body of knowledge c) Strategyd) Work

17. Initiating involves developing a project charter and preliminary project scope statement, which are part of the project management knowledge.

a) Integration b) Scopec) Communications d) Risk

18. A describes how things should be done, and different organizations often have different ways of doing things.

a) Regulation b) Processc) Standardd) Methodology



19. involves measuring progress toward project objectives and talking corrective actions.


20. What type of report do project teams create to reflect on what went right with the project?

a) Lessons – learned report b) Status reportc) Final project report d) Business case

21. Project manager is responsible for

a) Overseeing changeb) Cross functional activitiesc) Ever changing set of tasks d) All above

22. Many people use management documents.

to have a standard format for preparing various project

a) Methodologies b) Templatesc) Project management software d) Standards

23. What is the last step in the four – stage planning process for selecting information technology projects?

a) Information technology strategy planning b) Business area analysisc) Project planningd) Resource allocation

24. A new government law requires an organization to report data in anew way. Under which category would a new information system project to provide this data fall?

a) Problemb) Opportunity c) Directived) Regulation

25. A is a document that formally recognizes the existence of a project and provides direction on the project’s objectives and management.

a) Project charterb) Preliminary scope statement c) Business cased) Project management plan



26. ICOM model, which is one of the major roles of project manager, stand for

a) Integrated Constraint of Mechanismb) Inputs, Outputs, Constraints & Mechanism c) Inputs, Outputs, Constraints & Moneyd) None

27. A often includes sensitive information, so it should not be part of the overall project plan for anyone to see.

a) Business case b) Project charter c) Personnel chartd) Stakeholder analysis

28. Which of the following is not a suggestion for performing integrated change control?

a) Use good configuration management b) Minimize changec) Establish a formal change control systemd) View project management as a process of constant communication and negotiation

29. refer(s) to all the work involved in creating the products of the projects and processes used to create them.

a) Deliverables b) Milestonesc) Scoped) Product development

30. Assume you have a project with major categories called planning, analysis, design, and testing.What level of the WBS would these items fall under?

a) 0b) 1c) 2d) 3

31. Which of the following is not a best practice that can help in avoiding scope problems on information technology projects?

a) Keep the scope realisticb) Use off-the-shelf hardware and software whenever possible c) Follow good project management processesd) Don’t involve too many users in scope management

32. Having ascertains the portfolio of projects obtained objectives for each of them, we have to move to the next stage of the strategy process to balance the objectives

a) Policy deployment b) Strategy matrixc) Project performance measurementd) None



33. What major restaurant chain terminated a large project after spending $170 million on it, primarily because they realized the project scope was too much to handle?

a) Burger King b) Pizza Hutc) McDonalds d) Taco Bell

34. Scope is often achieved by a customer inspection and then sign – off on key deliverables.

a) Verification b) Validationc) Completiond) Close – out

35. Project management software helps you develop a , which serves as a basis for creating Gantt charts, assigning resources, and allocating costs.

a) Project plan b) Schedulec) WBSd) Deliverable

36. WBS (Work Breakdown Structure) is also known as

a) Chunkingb) Unbundlingc) Both (a) & (b)d) None

37. What is the first process in planning a project schedule?

a) Milestone definition b) Activity definitionc) Activity resource estimationd) Activity sequencing

38. Predecessors, successes, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions are all examples of .

a) Items in an activity list b) Items on a Gantt chart c) Milestone attributesd) Activity attributes



39. As the project manager for a software development project, you are helping to develop its schedule. You decide that writing code for a system cannot start until sign off on the analysis work. What type of dependency is this?

a) Technical b) Mandatoryc) Discretionaryd) External

40. You cannot start editing a technical report until someone else completes the first draft. What type of dependency does this represent?

a) Finish – to – start b) Start – to – startc) Finish – to – finish d) Start – to – finish

41. …………………. Involves going through the cycle several times to test the effects of the changes make on the outcomes.

a) Planning b) Strategy c) Iterative d) None

42.

A B1 2 3

5Days 7Days

Above figure shows two activities A & B; B cannot start until A finished and the times for A & B are 5 and 7 days respectively. This logic is known as

a) Dependency b) Precedence c) Freedomd) None

43.

A10 20

5Days

In the above figure calculate the EET (earliest event time) at 20.

a) 10b) 20c) 5d) 25



44. What symbol on a Gantt chart represents a slipped milestone?

a) A black arrow b) A white arrowc) A black diamond d) A white diamond

45. What type of diagram shows planned and actual project schedule information?

a) A networkb) A Gantt chart c) A Trackingd) A milestone chart

46. is a network diagramming technique used to predict total project duration.

a) PERTb) A Gantt chartc) Critical path method d) Crashing

47. Which of the following statement is false?

a) “Growing grass” was on the critical path for a large theme park project.b) The critical path is the series of activities that determine the earliest time by which a

project can be completed.c) A forward pass through a project network diagram determines the early start and

early finish dates for each activity.d) Fast tracking is a technique for marking cost and schedule trade-offs to obtain the

obtain the greatest amount of schedule comparison for the least incremental cost.

48. is a method of scheduling that considers limited resources when creating a project schedule and includes buffers to protect the project completion date.

a) Parkinson’s Law b) Murphy’s Lawc) Critical path analysisd) Critical chain scheduling

49. is a resource scarified or foregone to achieve a specific objective or something given up in exchange.

a) Money b) Liability c) Traded) Cost



50. What is main goal of project cost management?

a) To complete a project for as little cost as possible b) To complete a project within an approved budgetc) To provide truthful and accurate cost information on projects d) To ensure that an organization’s money is used widely

51. A fundamental of ‘Theory of Constraints’ (TOC) is to manage systems by focusing on the constraints, termed as

a) Watermark b) Bottleneck c) Tick-sheet d) None

52. “An activity will expand to fill the time available”; it is

a) Newton’s Lawb) Parkinson’s Law c) Einstein’s Lawd) None

53. Which of the following is not a key output of project cost management?

a) A cost estimateb) A cost management planc) Updates to the cost management plan d) A cost baseline

54. If a company loses $5 for every $100 in revenue for a certain product, what is profit margin for that product?

a) -5 percent b) 5 percent c) -$5d) $5

55. reserves allow for future situations that are unpredictable.

a) Contingencyb) Financialc) Management d) Baseline

56. You are preparing a cost estimate for a building based on its location, purpose, number of square feet, and other characteristics. What cost estimating technique are you using?

a) Parametric b) Analogousc) Bottom – up d) Top – down



57. involves allocating the project cost estimate to individual work items over time.

a) Reserve analysis b) Life cycle costingc) Project cost budgeting d) Earned value analysis

58. is a project performance measurement technique that integrates scope time, and cost data.

a) Reserve analysis b) Life cycle costingc) Project cost budgetingd) Earned value analysis

59. If the actual cost for a WBS item is $1500 and its earned value was $2000, what is its cost variance, and is it under or over budget?

a) The cost variance is -$500, which is over budget b) The cost variance is -$500, which is under budget c) The cost variance is $500, which is over budgetd) The cost variance is $500, which is under budget

60. If a project is halfway completed and its schedule performance index is 110% and its cost performance index is 95%, how is it progressing?

a) It is ahead of schedule and under budget b) It is ahead of schedule and over budget c) It is behind schedule and under budgetd) It is behind schedule and over budget

61. To determine the cost of particular element in advance of the project, which technique can be employed?

a) Parametric estimatingb) As…………but…………s c) Forecastsd) All above

62. is the degree to which a set of inherent characteristics fulfills requirements.

a) Qualityb) Conformance to requirements c) Fitness for used) Reliability

63. What is the purpose of project quality management?

a) To produce the highest quality products and services possible b) To ensure that appropriate quality standards are metc) To ensure that the project will satisfy the needs for which it was undertaken d) All of the above



64. generates ideas for quality improvements by comparing specific project practices or product characteristics to those of other projects or products within or outside the performing organization.

a) Quality auditsb) Design of experiments c) Six Sigmad) Benchmarking

65. What tool could you use to determine whether a process is in control or out of control?

a) A cause – and – effect diagram b) A control chartc) A run chartd) A scatter chart

66. Complication to the critical path represents the formation of compound series of activities often involving different paths which has been termed

a) The critical chain b) The critical path c) TOCd) Resource path

67. Six Sigma’s target for perfection is the achievement of no more than defects, errors, or mistakes per million opportunities.

a) 6b) 9c) 3.4d) 1

68. The seven run rule states that if seven data points in a row on a control chart are all below the mean, above the means, or all increasing or decreasing, then the process needs to be examined for problems.

a) Randomb) Non – random c) Six Sigmad) Quality

69. What is the preferred order for performing testing on information technology projects?

a) Unit testing, integration testing, system testing, user acceptance testing b) Unit testing, system testing, integration testing, user acceptance testing c) Unit testing, system testing, user acceptance testing, integration testing d) Unit testing, integration testing, user acceptance testing, system testing



70. is known for his work on quality control in Japan and developed the 14 points for Management in his text Out of the Crisis.

a) Juranb) Deming c) Crosbyd) Ishikawa

71. The theory of constraints (TOC) is successfully applied in

a) Planning b) Checkingc) Manufacturing d) Controlling

72. PMI’s OPM3 is an example of a model or framework for helping organization improve their processes and systems.

a) Benchmarking b) Six Sigmac) Maturity d) Quality

73. Which of the following is not part of project human resource management?

a) Resource estimatingb) Acquiring the project team c) Developing the project teamd) Managing the project team

74. causes people to participate in an activity for their own enjoyment.

a) Intrinsic motivationb) Extrinsic motivation c) Self motivationd) Social motivation

75. At the bottom of Maslow’s pyramid or hierarchy of needs are needs.

a) Self – actualizationb) Esteem c) Safetyd) Physiological

76. power is based on a person’s individual charisma.

a) Affiliationb) Referentc) Personality d) Legitimate



77. What technique can you use to resolve resource conflicts by delaying tasks?

a) Resource loading b) Resource levelingc) Critical path analysis d) Over allocation

78. Which of the following is not a tool or technique for managing project team?

a) Observation and conversation b) Project performance appraisals c) Issue logsd) Social Styles Profile

79. What do many experts agree is the greatest threat to the success of any project?

a) Lack of proper fundingb) A failure to communicate c) Poor listening skillsd) Inadequate staffing

80. Which communication skill is most important for information technology professionals for career advancement?

a) Writingb) Listening c) Speakingd) Using communication technologies

81. Which of the following is not a process in project communication management?

a) Information planningb) Information distribution c) Performance reportingd) Managing stakeholders

82. A building may not be constructed unless the planning permission for it has been obtained, this is the

a) Legal constraintb) Quality constraint c) Cost constraintd) Logic constraint

83. A report describes where the project stands at a specific point in time.

a) Statusb) Performance c) Forecastd) Earned value



84. is an uncertainly that can have a negative or positive effect on meeting project objectives.

a) Risk utilityb) Risk tolerancec) Risk management d) Risk

85. A person who is a risk - receives greater satisfaction when more payoffs is at stake and is willing to pay a penalty to take risks.

a) Averse b) Seeking c) Neutral d) Aware

86. Which risk management process involves prioritizing based on their probability and impact of occurrence?

a) Risk management planning b) Risk identificationc) Qualitative risk analysis d) Quantitative risk analysis

87. The 7-S framework of project management issues was promoted by

a) McJonald and Co.b) McKinsly and Co.c) J & K Co. d) None

88. Your project involves using a new release of a software application, but if that release is not available, your team has plans to use the current release.

a) Contingency b) Fallbackc) Reserved) Mitigation

89. A risk is a document that contains results of various risk management processes, often displayed in a table or spreadsheet format.

a) Management plan b) Registerc) Breakdown structured) Probability / impact matrix



90. Your project team has decided not to use an upcoming release of software because it might cause your schedule to slip. Which negative risk response strategy are you using?

a) Avoidance b) Acceptance c) Transference d) Mitigation

91. For non critical activities, network diagrams build in …………………………. at the start of activities.

a) Temporary b) Bufferc) Slackd) Anywhere

92. If a project being undertaken by a particular project team, then these are referred as

a) Resource capabilityb) Resource capacityc) Resource calendar d) Resource pool

93. The term ‘hedgehog syndrome’ means

a) Management problemb) Solving problemc) Repetition of problem d) Find out a problem

94. What is the first procurement process?

a) Planning contractingb) Planning purchasing and acquisitions c) Requesting seller responsesd) Procurement management planning

95. The is the point at which the contractor assumes total responsibility for each additional dollar of contract cost.

a) A breakeven point b) Share ratio pointc) Point of reconciliationd) Point of total assumption

96. We’re standing on this hill here. We want to be on that hill over there, this is

a) Viewb) Visionc) Mission d) Aim



97. A is a document prepared by a seller when there are different approaches for meeting buyer needs.

a) RFPb) RFQc) Proposal d) Quote

98. Buyers often prepare a list when selecting a seller to make this process more manageable.

a) Preferred b) Shortc) Qualified suppliersd) BAFO

99. A proposal evaluation sheet is an example of a(n) .

a) RFPb) NPV analysisc) Earned value analysisd) Weighted scoring model

100. is a term used to describe various procurement functions that arenow done electronically.

a) E – procurement b) eBayc) E – commerced) EMV


Project Management

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