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IIBM Institute of Business Management Examination Paper Project Management MM.

100

Guidelines for paper


Total No. of Questions is 100. The minimum passing marks is 50%. Each Question carries 1 mark. Answer all the Questions. Total Marks: 100 is a temporary endeavor undertaken to create a unique product, service, or a) b) c) d) Program Process Project Portfolio

Multiple Choices: 1. A result.

2. Which of the following is not a potential advantage of using good project management? a) b) c) d) Shorter development times Higher worker morale Lower cost of capital Higher profit margins

3. Which of the following is not an attribute of a project? a) b) c) d) Projects are unique Projects are developed using progressive elaboration Projects have a primary customer or sponsor Projects involve little uncertainty

4. Which of the following is not part of the triple constraint of project management? a) b) c) d) Meeting scope goals Meeting time goals Meeting communications goals Meeting cost goals

5. The first stage of any project is a) b) c) d) Proposal Conceptualization Implementation Management 1 IIBM 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) b) c) d) Project management Program management Project portfolio management Requirements management goals of an organization, while goals.

7. Project portfolio management addresses project management addresses 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) b) c) d) Portfolio Program Investment Collaborative

9. Which of the following is not one of the top ten skills or competencies of an effective project manager? a) b) c) d) People skills Leadership Integrity Technical skills

10. What is the certification program called that the Project Management Institute provides? a) b) c) d) 11. A a) b) c) d) Goal Process Plan Project Microsoft Certified Project Manager (MCPM) Project Manager Professional (PMP) Project Management Expert (PME) Project Management Mentor (PMM) is a series of actions directed towards a particular result.

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Examination Paper Project Management 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) Executing d) Monitoring & controlling 13. Which process group normally requires the most resources and time? a) Initiating b) Planning c) Executing d) Monitoring and controlling 14. A work breakdown structure, project schedule, and cost estimates are outputs of the process. a) b) c) d) Initiating Planning Executing Monitoring and controlling

15. Which process group includes activities from each of the nine knowledge areas? a) Initiating b) Planning c) Executing d) Monitoring and controlling 16. Project management as a profession is almost unique in having institutions concerned with its development who promote what they term their a) b) c) d) Body of language Body of knowledge Strategy Work

17. Initiating involves developing a project charter and preliminary project scope statement, which are part of the project management knowledge. a) b) c) d) Integration Scope Communications Risk

18. A describes how things should be done, and different organizations often have different ways of doing things. a) b) c) d) Regulation Process Standard Methodology 3 IIBM Institute of Business Management

Examination Paper Project Management


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involves measuring progress toward project objectives and talking corrective actions. a) Initiating b) Planning c) Executing d) Monitoring and controlling

20. What type of report do project teams create to reflect on what went right with the project? a) b) c) d) Lessons learned report Status report Final project report Business case

21. Project manager is responsible for a) b) c) d) Overseeing change Cross functional activities Ever changing set of tasks All above to have a standard format for preparing various project

22. Many people use management documents. a) b) c) d)

Methodologies Templates Project management software Standards

23. What is the last step in the four stage planning process for selecting information technology projects? a) b) c) d) Information technology strategy planning Business area analysis Project planning 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) b) c) d) Problem Opportunity Directive Regulation

25. A is a document that formally recognizes the existence of a project and provides direction on the projects objectives and management. a) b) c) d) Project charter Preliminary scope statement Business case Project management plan 4 IIBM Institute of Business Management

Examination Paper Project Management 26. ICOM model, which is one of the major roles of project manager, stand for a) b) c) d) Integrated Constraint of Mechanism Inputs, Outputs, Constraints & Mechanism Inputs, Outputs, Constraints & Money None

27. A often includes sensitive information, so it should not be part of the overall project plan for anyone to see. a) b) c) d) Business case Project charter Personnel chart Stakeholder analysis

28. Which of the following is not a suggestion for performing integrated change control? a) b) c) d) 29. Use good configuration management Minimize change Establish a formal change control system View project management as a process of constant communication and negotiation

refer(s) to all the work involved in creating the products of the projects and processes used to create them. a) b) c) d) Deliverables Milestones Scope 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) b) c) d) 0 1 2 3

31. Which of the following is not a best practice that can help in avoiding scope problems on information technology projects? a) b) c) d) Keep the scope realistic Use off-the-shelf hardware and software whenever possible Follow good project management processes Dont 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) b) c) d) Policy deployment Strategy matrix Project performance measurement None 5 IIBM Institute of Business Management

Examination Paper Project Management 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) b) c) d) Burger King Pizza Hut McDonalds Taco Bell is often achieved by a customer inspection and then sign off on

34. Scope key deliverables. a) b) c) d) Verification Validation Completion Close out

35. Project management software helps you develop a for creating Gantt charts, assigning resources, and allocating costs. a) b) c) d) Project plan Schedule WBS Deliverable

, which serves as a basis

36. WBS (Work Breakdown Structure) is also known as a) b) c) d) Chunking Unbundling Both (a) & (b) None

37. What is the first process in planning a project schedule? a) b) c) d) Milestone definition Activity definition Activity resource estimation Activity sequencing

38. Predecessors, successes, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions are all examples of . a) b) c) d) Items in an activity list Items on a Gantt chart Milestone attributes Activity attributes

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Examination Paper Project Management 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) b) c) d) Technical Mandatory Discretionary External

40. You cannot start editing a technical report until someone else completes the first draft. What type of dependency does this represent? a) b) c) d) Finish to start Start to start Finish to finish 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. 1 A 2 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) b) c) d) 43.
10

Dependency Precedence Freedom None

A
20

5Day s In the above figure calculate the EET (earliest event time) at 20. a) b) c) d) 10 20 5 25

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Examination Paper Project Management

44. What symbol on a Gantt chart represents a slipped milestone? a) b) c) d) A black arrow A white arrow A black diamond A white diamond

45. What type of diagram shows planned and actual project schedule information? a) b) c) d) 46. duration. a) b) c) d) PERT A Gantt chart Critical path method Crashing A network A Gantt chart A Tracking A milestone chart is a network diagramming technique used to predict total project

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) b) c) d) 49. Parkinsons Law Murphys Law Critical path analysis Critical chain scheduling

is a resource scarified or foregone to achieve a specific objective or something given up in exchange. a) b) c) d) Money Liability Trade Cost

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Examination Paper Project Management 50. What is main goal of project cost management? a) b) c) d) To complete a project for as little cost as possible To complete a project within an approved budget To provide truthful and accurate cost information on projects To ensure that an organizations 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) b) c) d) Newtons Law Parkinsons Law Einsteins Law None

53. Which of the following is not a key output of project cost management? a) b) c) d) A cost estimate A cost management plan Updates to the cost management plan 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) b) c) d) 55. a) b) c) d) -5 percent 5 percent -$5 $5 reserves allow for future situations that are unpredictable. Contingency Financial Management 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) b) c) d) Parametric Analogous Bottom up Top down 9 IIBM Institute of Business Management

Examination Paper Project Management 57. a) b) c) d) 58. and cost data. a) b) c) d) Reserve analysis Life cycle costing Project cost budgeting Earned value analysis involves allocating the project cost estimate to individual work items over time. Reserve analysis Life cycle costing Project cost budgeting Earned value analysis is a project performance measurement technique that integrates scope time,

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) b) c) d) The cost variance is -$500, which is over budget The cost variance is -$500, which is under budget The cost variance is $500, which is over budget 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) b) c) d) It is ahead of schedule and under budget It is ahead of schedule and over budget It is behind schedule and under budget 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) b) c) d) 62. a) b) c) d) Parametric estimating Asbuts Forecasts All above is the degree to which a set of inherent characteristics fulfills requirements. Quality Conformance to requirements Fitness for use 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 met c) To ensure that the project will satisfy the needs for which it was undertaken d) All of the above 10 IIBM Institute of Business Management

Examination Paper Project Management 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) b) c) d) Quality audits Design of experiments Six Sigma Benchmarking

65. What tool could you use to determine whether a process is in control or out of control? a) b) c) d) A cause and effect diagram A control chart A run chart 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) b) c) d) The critical chain The critical path TOC Resource path defects,

67. Six Sigmas target for perfection is the achievement of no more than errors, or mistakes per million opportunities. a) b) c) d) 6 9 3.4 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) Random b) Non random c) Six Sigma d) Quality 69. What is the preferred order for performing testing on information technology projects? a) b) c) d) Unit testing, integration testing, system testing, user acceptance testing Unit testing, system testing, integration testing, user acceptance testing Unit testing, system testing, user acceptance testing, integration testing Unit testing, integration testing, user acceptance testing, system testing

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Examination Paper Project Management 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) b) c) d) Juran Deming Crosby Ishikawa

71. The theory of constraints (TOC) is successfully applied in a) b) c) d) Planning Checking Manufacturing Controlling model or framework for helping

72. PMIs OPM3 is an example of a organization improve their processes and systems. a) b) c) d) Benchmarking Six Sigma Maturity Quality

73. Which of the following is not part of project human resource management? a) b) c) d) 74. a) b) c) d) Resource estimating Acquiring the project team Developing the project team Managing the project team causes people to participate in an activity for their own enjoyment. Intrinsic motivation Extrinsic motivation Self motivation Social motivation needs.

75. At the bottom of Maslows pyramid or hierarchy of needs are a) b) c) d) 76. a) b) c) d) Self actualization Esteem Safety Physiological power is based on a persons individual charisma. Affiliation Referent Personality Legitimate

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Examination Paper Project Management 77. What technique can you use to resolve resource conflicts by delaying tasks? a) b) c) d) Resource loading Resource leveling Critical path analysis Over allocation

78. Which of the following is not a tool or technique for managing project team? a) b) c) d) Observation and conversation Project performance appraisals Issue logs Social Styles Profile

79. What do many experts agree is the greatest threat to the success of any project? a) b) c) d) Lack of proper funding A failure to communicate Poor listening skills Inadequate staffing

80. Which communication skill is most important for information technology professionals for career advancement? a) b) c) d) Writing Listening Speaking Using communication technologies

81. Which of the following is not a process in project communication management? a) b) c) d) Information planning Information distribution Performance reporting Managing stakeholders

82. A building may not be constructed unless the planning permission for it has been obtained, this is the a) b) c) d) 83. A a) b) c) d) Legal constraint Quality constraint Cost constraint Logic constraint report describes where the project stands at a specific point in time. Status Performance Forecast Earned value 13 IIBM Institute of Business Management

Examination Paper Project Management 84. project objectives. a) b) c) d) Risk utility Risk tolerance Risk management Risk is an uncertainly that can have a negative or positive effect on meeting

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) b) c) d) Averse Seeking Neutral Aware

86. Which risk management process involves prioritizing based on their probability and impact of occurrence? a) b) c) d) Risk management planning Risk identification Qualitative risk analysis Quantitative risk analysis

87. The 7-S framework of project management issues was promoted by a) b) c) d) McJonald and Co. McKinsly and Co. J & K Co. 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) b) c) d) Contingency Fallback Reserve Mitigation

89. A risk is a document that contains results of various risk management processes, often displayed in a table or spreadsheet format. a) b) c) d) Management plan Register Breakdown structure Probability / impact matrix

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Examination Paper Project Management 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) b) c) d) Avoidance Acceptance Transference Mitigation

91. For non critical activities, network diagrams build in . at the start of activities. a) b) c) d) Temporary Buffer Slack Anywhere

92. If a project being undertaken by a particular project team, then these are referred as a) b) c) d) Resource capability Resource capacity Resource calendar Resource pool

93. The term hedgehog syndrome means a) b) c) d) Management problem Solving problem Repetition of problem Find out a problem

94. What is the first procurement process? a) b) c) d) Planning contracting Planning purchasing and acquisitions Requesting seller responses Procurement management planning

95. The is the point at which the contractor assumes total responsibility for each additional dollar of contract cost. a) b) c) d) A breakeven point Share ratio point Point of reconciliation Point of total assumption

96. Were standing on this hill here. We want to be on that hill over there, this is a) b) c) d) View Vision Mission Aim 15 IIBM Institute of Business Management

Examination Paper Project Management 97. A is a document prepared by a seller when there are different approaches for meeting buyer needs. a) b) c) d) RFP RFQ Proposal Quote list when selecting a seller to make this

98. Buyers often prepare a process more manageable. a) b) c) d) Preferred Short Qualified suppliers BAFO

99. A proposal evaluation sheet is an example of a(n) a) b) c) d) 100. now done electronically. a) b) c) d) E procurement eBay E commerce EMV RFP NPV analysis Earned value analysis Weighted scoring model

is a term used to describe various procurement functions that are

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