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what is a project management?
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Answer Posted / atul
Project Management is a system to complete the task by
Initiating, Planning, Monitoring and controlling.
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You are the project manager for a new website for the local zoo. You need to perform Quantitative Risk Analysis. You'll use all of the following tools and techniques to accomplish this except: A. Data precision ranking B. Sensitivity analysis C. Decision tree analysis D. Interviewing
what is software project planning?
You are the project manager working on a research project for a new drug treatment. Your preliminary project schedule runs past the due date for a federal grant application. The manager of the R&D department has agreed to release two resources to work on your project in order to meet the federal grant application date. This is an example of: A. Crashing B. Fast trucking C. Resource leveling D. Adjusting the resource calendar
What are the tools for process improvement?
What are the initiation process outputs? A. Project charter, identification and assignment of project manager, constraints, and project overview documents B. Project charter, project overview, feasibility study, and constraints C. Project charter, identification and assignment of project manager, constraints, and assumptions D. Identification and assignment of project manager, project overview, constraints, and assumptions
Your project has recently experienced change. Some of the agreed-upon WBS elements have been changed as a result. What kind of change has occurred? A. Schedule change B. Risk response change C. Quality change D. Scope change
All of the following are true regarding the tools and techniques of Activity Sequencing except: A. GERT uses analogous methods. B. GERT allows for loops. C. GERT is a conditional diagramming method. D. GERT allows for conditional branches.
You’ve been assigned as a project manager on a research and development project for a new dental procedure. You’ve published the scope statement and are working on the scope management plan. What is the purpose of the scope management plan? A. It describes and documents a scope baseline to help make future project decisions. B. It decomposes project deliverables. C. It describes how project scope changes will be incorporated into the project and how project scope will be managed. D. It describes how cost and time estimates can be composed for project scope changes.
You are preparing a cash flow analysis for a project the company is considering undertaking. The project's cost is $525,000, and expected cash inflows are $125,000 the first year and then $75,000 per quarter the second year and $100,000 per quarter after that. What is the payback period? A. 16 months B. 27 months C. 32 months D. 28 months
You are a project manager for an international marketing firm. You are ready to assign resources to your new project using a work authorization system. All of the following are true except: A. Work authorization systems clarify and initiate the work for each work package. B. Work authorization systems are written procedures defined by the organization. C. Work authorization systems are tools and techniques of the Project Plan Execution process. D. Work authorization systems are an output of the Project Plan Execution process.
Each of the following is true regarding the risk management plan except: A. The risk management plan is an output of the Risk Management Planning process B. The risk management plan includes a description of the responses to risks and triggers. C. The risk management plan includes thresholds, scoring and interpretation methods, responsible parties, and budgets. D. The risk management plan is an input to all the remaining risk planning processes.
The tools and techniques of the Source Selection process include all of the following except: A. Contract negotiation B. Correspondence C. Independent estimates D. Screening system
Mathematical models using linear, dynamic, integer, or algorithm models are considered: A. Project selection criteria B. A form of expert judgment C. Project selection methods D. A form of historical information
You are a project manager for an agricultural supply company. You have just completed and obtained sign-off on the scope statement for your new Natural Bug Busters project. A key stakeholder has informed you that a deliverable is missing from the scope statement. This deliverable is a critical success factor. You should do which of the following? A. Inform the stakeholder that work not stated in the scope statement is excluded from the project. B. Modify the scope statement to reflect the new deliverable. C. Inform the stakeholder that this deliverable can be included in the next project since sign-off has already been obtained. D. Modify the scope statement after an approved change request has been received from the stakeholder.
You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering opening a new club in Arizona or Nevada. You have derived the following information: Project Arizona: Payback period is 18 months, and the NPV is 250. Project Nevada: Payback period is 24 months, and the NPV is 300. Which project would you recommend to the selection committee? A. Project Arizona because the payback period is shorter than Project Nevada B. Project Nevada because the NPV is a positive number C. Project Arizona because the NPV is a negative number D. Project Nevada because the NPV is a higher number than Project Arizona's NPV
