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Project Management

Showing 1-75 of 258 answers

_____ is a problem-solving approach that requires defining the scope of the system
  • systems management
  • systems philosophy
  • systems analysis Correct
  • system design
______ is the most significant portion of project management which cannot be avoided at any cost
  • Strategy
  • Planning Correct
  • Costing
  • Budgeting
_______ are often measured in monetary amounts that must be paid to acquire goods and services
  • Charge
  • Costs Correct
  • Disbursement
  • Outlays
_________ involves identifying specific actions that will produce project deliverables in enough detail to determine resource/schedule estimates
  • defining activities Correct
  • activity list
  • activity name
  • Planning
___________ is a standard format for displaying project schedule information by listing project activities Also, their corresponding start and finish dates in calendar form
  • resource histogram
  • network diagram
  • Gantt chart Correct
  • critical path
___________ is useful for setting schedule goals and monitoring progress
  • accomplishment
  • indicators
  • achievements
  • milestones Correct
____________ management incudes developing and managing direction of the project
  • Integration Correct
  • Quality
  • Scope
  • All of the given
_____________ - developing an approximation/estimate of the costs of the resources needed to complete a project
  • estimating charges
  • estimating costs Correct
  • approximating costs
  • guessing costs
_____________ - money that has been spent in the past
  • sunk cost
  • wasted money
  • forgotten money
  • expenses Correct
______________ - allow for future situations that may be partially planned
  • contingency cash
  • contingency reserves Correct
  • contingency capitals
  • contingency assets
______________ - dollar amounts included in a cost estimate to mitigate cost risk by allowing for future situations that are difficult to predict
  • money
  • resources
  • assets
  • reserves Correct
_________________ - the processes required to ensure that a project team completes a project within an approved budget
  • Project payment management
  • Project fee management
  • Project cost management Correct
  • Project charge management
_________________ involves the processes required to ensure timely completion of a project
  • Gannt Chart
  • Milestone
  • Schedule Correct
  • Project time management
A ______ is a deliverable-oriented grouping of the work involved in a project that defines its total scope
  • scope statement
  • WBS Correct
  • WBS dictionary
  • work package
A ________ is a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a calendar format
  • resource histogram
  • network diagram
  • Gantt chart Correct
  • critical path
A deliverable-oriented grouping of the work involved in a project that defines the total scope of the project
  • network diagram
  • critical path
  • resource histogram
  • Work breakdown structure Correct
A document that includes, at a minimum, a description of the project, including its overall objectives and justification, detailed descriptions of all project deliverables
  • Joint Application Design (JAD)
  • project scope statement
  • project scope management Correct
  • bottom-up approach
A framework that build linkages to other stakeholders, use persuasion first, use negotiation and coercion if necessary
  • Political Framework
  • Symbolic Framework
  • Human Resources Framework Correct
  • Structure framework
A framework that view organizations as a stage or theater to play certain roles and give impressions
  • Symbolic Framework Correct
  • Political Framework
  • Human Resources Framework
  • Structure framework
A group of milestones or phases, activities or task that support an effort to accomplish something termed as _______
  • Technical
  • Project Correct
  • Educated
  • None of the given
A group of milestones or phases, activities or task that support an effort to accomplished something
  • Plan
  • Project management
  • Project Correct
  • Blueprint
A management system that maps an organization's strategic it align business activities to the vision and strategy of the organization
  • Payback Analysis
  • ROI
  • NPV
  • Balanced Scorecard Correct
A problem-solving approach that requires defining the scope of the system, dividing it into components, and then identifying and evaluating its problems, opportunities, constraints, and needs
  • Systems analysis Correct
  • System design
  • System management
  • System implementation
A project is a permanent activity
  • True
  • False Correct
A Project Manager should not elicit feedback from all team members
  • True
  • False Correct
A project with a 10-year life and a cost of 180,000 generates revenues of 24,000 each year If the discount rate is 3%, what is the NPV of the project?
  • 24,725 Correct
  • 24,275
  • 24,125
  • 22,725
  • None of the given
A project with a 10-year life and a cost of 180,000 generates revenues of 24,000 each year If the discount rate is 6%, what is the NPV of the project?
  • -3,548 Correct
  • -3,485
  • None of the given
  • 3,548
  • -3,845
A project with a 10-year life and a cost of 180,000 generates revenues of 24,000 each year If the discount rate is 9%, what is the NPV of the project?
  • -25,697
  • -25,976 Correct
  • -25,796
  • -27,976
  • None of the given
A project with a 12-year life and a cost of 250,000 generates revenues of 32,000 each year If the discount rate is 4%, what is the NPV of the project?
  • 50,233
  • 60,322
  • 50,522
  • 50,322 Correct
  • None of the given
A project with a 12-year life and a cost of 250,000 generates revenues of 32,000 each year If the discount rate is 6%, what is the NPV of the project?
  • 18,238
  • 18,683
  • 18,283 Correct
  • 18,382
  • None of the given
A project with a 12-year life and a cost of 250,000 generates revenues of 32,000 each year If the discount rate is 8%, what is the NPV of the project?
  • 8,845
  • None of the given
  • -8,845 Correct
  • -18,845
  • -8,458
A project with a 15-year life and a cost of 200,000 generates revenues of 22,000 each year If the discount rate is 5%, what is the NPV of the project?
  • None of the given
  • 28,352 Correct
  • 22,352
  • 28,523
  • -28,352
A project with a 15-year life and a cost of 200,000 generates revenues of 22,000 each year If the discount rate is 6%, what is the NPV of the project?
  • 13,669 Correct
  • -13,669
  • 13,996
  • 16,669
  • None of the given
A project with a 15-year life and a cost of 200,000 generates revenues of 22,000 each year If the discount rate is 7%, what is the NPV of the project?
  • None of the given
  • 374 Correct
  • -374
  • -347
  • 394
A project with a 15-year life and a cost of 200,000 generates revenues of 22,000 each year If the discount rate is 8%, what is the NPV of the project?
  • -11,961
  • None of the given
  • 11,691
  • -11,691 Correct
  • -11,619
A project with a 3 year life and a cost of 70,000 generates revenues of 26,000 in year 1, 38,000 in year 2, and 19,000 in year 3 If the discount rate is 7%, what is the NPV of the project?
  • None of the given
  • 3,000 Correct
  • 5,000
  • 10,642
  • 4,000
A project with a 3-year life and a cost of 28,000 generates revenues of 8,000 in year 1, 12,000 in year 2, and 17,000 in year 3 If the discount rate is 4%, what is the NPV of the project?
  • 5,700
  • None of the given
  • 5,900 Correct
  • 33,900
  • 5,090
A project with a 3-year life and a cost of 32,000 generates revenues of 8,000 in year 1, 12,000 in year 2, and 17,000 in year 3 If the discount rate is 5%, what is the NPV of the project?
  • 1,118
  • 1,288
  • 1,818
  • 1,188 Correct
  • None of the given
A project with a 3-year life and a cost of 65,000 generates revenues of 26,000 in year 1, 38,000 in year 2, and 19,000 in year 3 If the discount rate is 5%, what is the NPV of the project?
  • 10,462
  • 11,642
  • 8,642
  • None of the given Correct
  • 75,642
A project with a 3-year life and a cost of 70,000 generates revenues of 26,000 in year 1, 38,000 in year 2, and 19,000 in year 3 If the discount rate is 10%, what is the NPV of the project?
  • -316
  • None of the given
  • 316
  • 784
  • -684 Correct
A project with a 3-year life and a cost of 85,000 generates revenues of 32,000 in year 1, 44,000 in year 2, and 52,000 in year 3 If the discount rate is 11%, what is the NPV of the project?
  • 17,562 Correct
  • None of the given
  • 17,762
  • 17,265
  • 17,652
A project with a 3-year life and a cost of 85,000 generates revenues of 32,000 in year 1, 44,000 in year 2, and 52,000 in year 3 If the discount rate is 8%, what is the NPV of the project?
  • 3,632
  • None of the given
  • 23,632 Correct
  • 32,632
  • 23,362
A project with a 3-year life and a cost of 95,000 generates revenues of 32,000 in year 1, 44,000 in year 2, and 52,000 in year 3 If the discount rate is 14%, what is the NPV of the project?
  • 2,026 Correct
  • 2,062
  • -2,026
  • None of the given
  • 2,206
A project with a 3-year life and a cost of 95,000 generates revenues of 32,000 in year 1, 44,000 in year 2, and 52,000 in year 3 If the discount rate is 17%, what is the NPV of the project?
  • -3,004
  • 3,040
  • -3,400
  • -3,040 Correct
  • None of the given
A project with a 3-year life and a cost of P28,000 generates revenues of P8,000 in year 1, P12,000 in year 2, and P17,000 in year 3 If the discount rate is 3%, what is the NPV of the project?
  • None of the given
  • 6,356
  • 6,653
  • 6,635 Correct
  • 34,635
A stakeholder is any individual, group or organization that can affect, be affected by, or perceive itself to be affected by a programme
  • True Correct
  • False
A technique that separates data gathered from a variety of sources so that patterns can be seen
  • Diagram
  • FlowChart Correct
  • Checklist
  • Control Charts
According to Maslow's hierarchy of needs in which level does the need for acceptance occur?
  • Transcendence
  • Self Actualisation
  • Self Esteem Correct
  • Love/belonging
According to McClelland's acquired-needs theory, people who desire harmonious relations with other people and need to feel accepted have a high need
  • affiliation Correct
  • social
  • extrinsic
  • achievement
According to the PMI, a project is _________
  • An ongoing operation which exists to meet business needs and meet targets
  • A temporary endeavour undertaken to create a unique product, service or result
  • A unique system defined to meet ongoing operational needs with repeating activities Correct
  • An environment created for the purpose of specifying the process and system to follow when meeting marketing objectives
Activity definition refers to the process of parsing a project into a number of individual tasks which must be completed before the deliverables can be considered completed
  • True Correct
  • False
Activity sequencing is the number of work periods that are needed to complete individual activities
  • True
  • False Correct
Allocating the overall cost estimate to individual work item
  • Cost Valuing
  • Cost Control
  • Cost Budgeting Correct
  • Resource Planning
An exchange of promises, a mutual understanding; a contract A document or communication defining initial intentions or a project
  • Bond
  • Covenant
  • Contract Correct
  • Agreement
An optimal way recognized by industry to achieve a stated goal or objective
  • good governance
  • standard practice
  • best practice Correct
  • prepared solution
At the bottom of Maslow's pyramid or hierarchy of needs are needs
  • Esteem
  • Self-actualization
  • Physiological Correct
  • Safety
AThe most commonly used graph for showing frequency distributions, or how often each different value in a set of data occurs
  • Control Charts
  • Check sheet
  • Cause-and-effect diagram
  • Histogram Correct
Benchmarking is one way to collect requirements
  • True Correct
  • False
Causes people to participate in an activity for their own enjoyment
  • Self Motivation
  • Extrinsic Motivation
  • Intrinsic Motivation Correct
  • Social Motivation
Characteristics of the business or project that give it an advantage over others
  • Strengths Correct
  • Threats
  • Weaknesses
  • Opportunities
Clinical psychologist and pioneer of 'job enrichment', is regarded as one of the great original thinkers in management and motivational theory
  • David McClelland
  • Frederick Herzberg Correct
  • Abraham Maslow
  • McGregor
Composition is an effective technique of WBS
  • True
  • False Correct
Contains monitoring and control of expenditures as the work proceeds as well as modifying the method if the result is not satisfactory
  • Resource Planning
  • Cost Budgeting
  • Cost Control Correct
  • Cost Valuing
CPM stands for
  • Critical Path Module
  • Critical Path Method Correct
  • Critical Paths Methodology
  • Critical Process Method
CPM was developed in the 1960s by the US Navy
  • True
  • False Correct
Decomposition of all the work necessary to complete a project
  • WBS Correct
  • scope statement
  • WBS dictionary
  • work package
Defines exactly what is required and how to accomplish it
  • Purpose
  • Functional
  • Performance
  • Design Correct
Determining what needs to be done, who is going to do it, and when it needs to be done are all part of the planning process
  • controlling
  • planning Correct
  • Organizing
  • leading
Develop a plan which sums up the funds included in undertaking the project by listing the labor
  • milestones
  • implementation plan
  • resource plan Correct
  • dependencies
developed two theories of human behavior at work: Theory and X and Theory Y
  • David McClelland
  • Frederick Herzberg
  • Abraham Maslow
  • McGregor Correct
Elements in the environment that could cause trouble for the business or project
  • Threats
  • Strengths
  • Weaknesses
  • Opportunities Correct
Elements that the business or project could exploit to its advantage
  • strengths
  • threats
  • weaknesses
  • opportunities Correct
Ensuring that the project will satisfy the stated and implied needs for which it was undertaken
  • Project excellence management
  • Project quality management Correct
  • Project QA management
  • Project distinction management
Establishes partnership between the performing organizations and the requesting organization (or customer, in the case of external projects)
  • Develop Project Management Plan
  • Develop Project Charter Correct
  • Monitor and Control Project Work
  • Direct and Manage Project Work
Estimating how long it will take to complete the work , developing, an acceptable project schedule given cost-effective use of available resources, and ensuring timely completion of the project
  • Gannt Chart
  • Schedule
  • Project time management Correct
  • Milestone
This course is taught by the mentor:
Professor Carmencita Rabano

Carmencita Rabano

Master in Information Technology.

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