1. The critical path is: a The longest path through the network and determines t

Question

1. The critical path is:

a The longest path through the network and determines the earliest completion of project work.

b The initial requirements phase of a project.

c A risk management framework.

d None of the above.

2. Project management is not just:

a Planning

b Rework

c Scheduling

d Controlling

3. SMART Objective stands for:

a Slow, Meticulous, Attainable, Rigorous, Timely

b Specific, Measureable, Attainable, Realistic, Time-limited

c Steady, Money-driven, Adventurous, Risky, Terrible

d None of the above.

4. The two network rules as it relates to projects are:

a Before a task can begin, all tasks preceding it must be complete; arrows denote the logical order of work.

b The early start task can be done after the late finish task; circles are used to indicate task completion.

c Both of the above.

d None of the above.

5. The purpose of a Work Breakdown Structure (WBS) is to:

a Assess project risk.

b Divide a complicated task into smaller tasks until you reach a level that cannot be further sub-divided.

c Make it easier to estimate how long the small task will take and how much it will cost to perform it.

d Both B and C are correct.

6. The purpose of the change control form is to:

a Asses project risk.

b Provide proper documentation for the change process within a project.

c Divide a complicated task into smaller tasks until you reach a level that cannot be further sub-divided.

d None of the above.

7. Which statement is true regarding measuring project performance/quality?

a Overall quality can always be sacrificed as long as the deliverable is met on time.

b There is no method to measure project quality.

c Work quality is most likely to be sacrificed when deadlines are tight.  Constant attention is required in order to avoid this tendency.

d None of the above.

8. Regarding vendor selection, steps in the due diligence process include:

a On-site and client site reviews.

b Reference checks.

c Review vendor financial statements

d All of the above.

9. Return on investment (ROI) is:

a A process that consists of financial steps that will determine mathematically whether the project will provide the necessary monetary returns to the business.

b A methodology that involves project scheduling.

c A risk matrix.

d None of the above.

10. Two common methods of communicating formal requirements are:

a Gantt charts and Work Breakdown Structure (WBS).

b Risk matrix and change manuals.

c Request for Information (RFI) and Request for Proposal (RFP).

d None of the above.

Explanation / Answer

Question no.1: a.) The longest path through the network and determines the earliest completion of project work. (This process include sequence of stages where we figure out least amount of time necessary to complete the task with least amount of slack.)

Question no. 2: c.) Scheduling. (Appart from scheduling, project management also involves some other sort of stuff carried out like planning, executing and controlling the project/activities in order to achieve specific goal of the project.)

Question no. 3: b.) Specific, Measurable, Attainable, Realistic, Time-limited

Question no. 4: a.) Before a task can begin, all tasks preceding it must be complete; arrows denote the logical order of work.

Question no. 5: d.) Both B and C are correct. (As breaking down the project into small units, will help in estimating project cost, risk as well as time.)

Question no. 6: b.) Provide proper documentation for the change process within a project.

Question no. 7: c.) Work quality is most likely to be sacrificed when deadlines are tight.  Constant attention is required in order to avoid this tendency.

Question no. 8: d.) All of the above.

Question no. 9: a.) A process that consists of financial steps that will determine mathematically whether the project will provide the necessary monetary returns to the business.

Question no. 10: a.) Gantt charts and Work Breakdown Structure (WBS).

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