Project management quiz pdf

Deterministic Probabilistic III. Control time and cost Control only time IV. Activity oriented Event oriented V. One time estimate Three time estimate VI. Project management Product management Commercial management Venture management. Explanation: Project Management is the process which includes initiating the project , developing a plan , executing the project as per approved plan, monitoring and controlling the project , handing over the output of the project to the client and finally closing the project.

Product Management is responsible to oversee all the aspects of product's production is set a product vision and strategy that is differentiated and delivers unique value based on customer demand, define what product will deliver and timeline for implementation, provide cross functional leadership, most notably between engineering team, stores, distribution, sales, marketing and support.

Commercial Management is identification and development of business opportunities and profitable management of projects and contracts from in option to completion. Venture management is a discipline that focuses on being both innovative and challenging in the realm of introducing what could be a completely new product or entering a promising new emerging market. After the project has been successfully completed, production is undertaken.

Product Managers look after the aspects of products production, production scheduling, and inventory requirement of location and sales of the project. Get Started for Free Download App. Strategy of choosing the best possible solution considering all parameters Strategy of choosing a compromise solution Strategy of choosing the least cost solution Strategy of choosing a solution on the basis of precedents. Answer Detailed Solution Below Option 1 : Strategy of choosing the best possible solution considering all parameters.

Explanation: Finding an alternative with the most cost-effective or highest achievable performance under the given constraints, by maximizing desired factors and minimizing undesired one. In comparison, maximization means trying to attain the highest or maximum result or outcome without regard to cast or expense. Answer Detailed Solution Below Option 4 : 1, 2, 3 and 4. Explanation: There are 7 stage to project management but there are five stage mainly.

Answer Detailed Solution Below Option 3 : 3. Explanation: From the above figure, we can conclude that 3 dummies are to be drawn on the activity network. This test is designed in a manner so as to offer a wide range of Questions: 38 Attempts: Last updated: Nov 15, Earned value EV. Actual Cost AC. Schedule Variance SV. Budget at Completion BAC. Project Quality Management Mcqs Quiz. Here, we have brought this "Project quality management MCQs quiz.

One can easily come up with a plan for a project, follow it, and still fail at Questions: 10 Attempts: Last updated: Dec 16, Team Quality Management. Total Quality Managers. Team Quality Managers. Total Quality Management. Low quality with high grade is always desirable to your client. High quality always represents high grade. Answer — c. Answer — b. Make a professional looking project charter to impress the key project parties.

Get confirmation from the key parties that they have read the charter. Invite the key parties for a nice lunch to establish a friendly relationship. Gather promises from the key project players. Obtain officially signed project charters from the key parties. Answer — e. Rough order of magnitude ROM estimate b. Scope of work estimate c. Conceptual estimate d. Line estimate e. Milestone schedule estimate Answer — c.

Conceptual estimate. Analyze the risks. Estimate the likelihood of the risks occurring. Identify potential project risks. Develop a risk mitigation plan. Estimate the potential impact of risk on the project goals. Select one: A. Reserve analysis always plans contingency reserves for unexpected project scope and project costs, which are part of your project budget. Reserves should not be included in the project budget.

If you only have limited resources, you may completely ignore reserve analysis when you try to determine your project budget. Planning contingency reserves for a project is not practical. Contingency reserves have never been a concern when planning a project budget. Answer — A. Answer — a. Developing a common understanding involves defining project success, determining potential barriers to success, establishing milestones, and identifying decision-makers.

The methods and processes employed to develop a common understanding depend on the duration of the project. Irrespective of the complexity of the project, developing a common understanding usually involves informal discussions that last a few hours. When developing a common understanding of the purpose of a project, participants are often instructed to refrain from expressing skepticism. Which of the following is typically a written document that defines what work will be accomplished by the end of the project?

Scope of work SOW b. Project logic diagram c. Milestone schedule d. Ballpark estimate e. Work breakdown structure Answer — a. Scope of work SOW. Leadership skill b. Influencing c. Conflict management skill d. Time management e. Planning skill Answer — b. Project manager b. Stakeholders c. The project team d. Investors e. The board of trustees of this company Answer — c.

The project team. Watch list b. Risk management plan c. Project management plan d. WBS e. Scope management plan Answer — d. Lean accounting b. Business process re-engineering c. Kaizen d. Six Sigma e. Total Quality Management Answer — d. Six Sigma. The client has accepted the product. Archives are complete. The client appreciates your product.