1.
Project cycle is a collection of generally sequential project phases whose
description and order of occurrence are determined by the control needs of the
organization or organizations involved in the project. (True/False) Ans. True
2. Project management is the job of organizing, coordinating, and controlling the
various tasks and resources in order to successfully complete a project. (True / False)
Ans. True
3. To maximize returns in the current cut-throat competitive environment, it is vital
to manage the ___ effectively.
Ans. Projects
4. ___ helps an organization to prevent failures in projects.
Ans. Project management
5. Project Human Resource Management ensures that the most appropriate
manpower with necessary skills is deployed for the effective execution of the desired
project. (True/False)
Ans. True
6. Project Integration Management ensures that various elements of a project are
properly integrated and coordinated for a smooth flow of information and resources.
(True/False)
Ans. True
7. A ___ of activities that are used to achieve the project’s goals or objectives is
known as the project life cycle.
Ans. Rational order
8. In the ___ phase of the project life cycle the work gains
momentum. Ans. Quick Momentum
9. The ___ manages the four basic elements of a project: resources, time, money,
and scope.
Ans. Project Manager
10. Life cycle of a project manager ___ with the development life
cycle. Ans. Overlaps
11. Project management is a rationally planned and organized effort to achieve a
specific goal. (True/False)
Ans. True
12. Project closure involves releasing the final product to the customer, handing over
the project documentation, manuals, source code, and network layouts. (True/False)
Ans. True
13. Project management consists of interacting processes namely ___, ___, process
interactions, and ___ which are organized in groups.
Ans. Project processes, process groups, customization
14. Project process is classified into ___ and ___ processes.
Ans. Project management, product-oriented
15. ___ and ___ refer to the mechanism applied to the inputs to create the desired
outputs.
Ans. Tools and techniques
16. The most important problem faced in the implementation phase of a project is a
delay in execution. (True/False)
Ans. True
17. The system of monitoring and control is more effective when, along with the time
frame, there is a linkage between the physical work to be performed in each activity
and the financial expenditure to be incurred. (True/False)
Ans. True
18. Project management provides the project managers and team members with the
principles they require to effectively meet the needs of the customer. (True/False)
Ans. True
19. Scope, cost, and schedule are some of the parameters used for project
negotiation. (True/False)
Ans. True
20. Five dimensions that must be managed on a project are ___, ___, cost, ___, and
staff.
Ans. Scope, quality, schedule
21. ___ of a project should be clearly defined, measurable, and
achievable. Ans. Objectives
22. ___ is a continuous and repetitive process involving screening, documentation,
validation, ranking, and approval of viable project ideas for an organization. Ans.
Project identification
23. ___ study focuses on answering the essential questions such as; should we
proceed with the proposed project idea? What are the benefits and drawbacks of the
proposed project idea?
Ans. Pre-feasibility
24. The function of project initiation is to describe all the parameters of a project and
establish the suitable project management and excellence environment necessary to
complete the project. (True/False)
Ans. True
25. The project manager works with the project sponsor to identify the necessary
resources and team members needed to further develop the key project parameters –
Cost, Scope, Schedule, and Quality (CSSQ). (True/False)
Ans. True
26. Various choices of ___ that are available for constructing and developing the
project should be examined.
Ans. Techniques
27. ___ should be made of all cost factors so as to reflect on all relevant investment
and operational costs of the project including contingencies.
Ans. Realistic estimates
28. Feasibility analysis is the first stage in the process of project development.
(True/False)
Ans. True
29. The purpose of the analysis is to examine the desirability of investing in pre
investment studies. (True/False)
Ans. True
30. The technical feasibility aspect of a project relates to the earning capacity of the
project. (True/False)
Ans. False
31. ___ is a financial term to describe a business or project where the sales revenue
is equal to total expenses.
Ans. Break-even
32. If the break-even point lies ___ anticipated demand, implying a loss on the
product, and then the product may be discontinued or, may receive additional
advertising and/or be re-priced to increase demand.
Ans. Above
33. In the ___ stage, of project identification the project ideas generated above are
screened and a preliminary exercise is conducted to weed out the bad or unviable
ideas.
Ans. Screening
34. Good plans always do not allow for flexibility to adapt to changing circumstances.
(True/False)
Ans. False
35. The planning and scoping should be such that the project manager can assess
every stage of the project and the quality of the deliverable of the project at every
stage. (True/False)
Ans. True
36. The ___ then submits the proposal to get it investigated on its viability,
evaluation, and selection
Ans. Client
37. The project team documents its charge in the form of a ___, which is based on
the project proposal and business case.
Ans. Project charter
38. ___ builds on the work done in project initiation through the development of a
project plan.
Ans. Project planning
39. ___ is where most of the resources are applied/expended on the
project. Ans. Project execution and control
40. The ___ of project closeout the assessment is to document the best practices and
lessons learned for use on future projects.
Ans. Primary purpose
41. The players in project management are the individuals and the organizations.
(True/False)
Ans. True
42. Other reported advantages include a sharper orientation toward results, better
interdepartmental coordination, and higher worker morale. (True/False) Ans.
True
43. Project planning involves three processes:___ review, and
___ Ans. Identification, analysis
44. Subsequent to preparing ___, the team plans the project schedule and
budget. Ans. Work Breakdown Structure
45. If all the steps of project planning are performed successfully, ___ and planning
become effective and the ideal outcomes are achieved.
Ans. Scoping
46. The entire process of a project may be considered to be made upon a number of
sub-processes placed in different stages called the Work Breakdown Structure.
(True/False)
Ans. True
47. WBS is produced by identifying the key elements, breaking each element down
into component parts, and continuing to break down until manageable work
packages have been identified. (True/False)
Ans. True
48. ___ is a significant facet of project management.
Ans. Project planning
49. All projects are basically ___, requiring huge money for completion and earning
no return till their successful completion.
Ans. Capital projects
50. The purpose of project planning is to identify various areas of the project work
and the influencing factors, and subsequently define the boundaries of the project
performance. (True/False)
Ans. True
51. ___ structures are typically used in businesses that primarily sell and produce
standard products and seldom conduct external projects.
Ans. Functional-type organisation
52. In a ___, the employees work for different projects in a team-like
structure. Ans. Project-type organisational structure
53. ___ is the most common type of project organisation.
Ans. Matrix-type organisation
54. In the matrix-type organisation, ___ provides the resources needed and ___ is
responsible for the project results.
Ans. The functional managers, project manager
55. ___ structures are also referred to as the Organisational
Chart. Ans. Organisational
56. A project leader or manager is expected to be completely accountable for his team
members and meeting the team’s targets. (True/False)
Ans. True
57. Project leader role will require an individual with strong management skills.
(True/False)
Ans. True
58. The Project Leader is the person responsible for the overall project.
(True/False) Ans. True
59. ___ is the oldest and simplest type of organization where the line of command is
fulfilled from top to bottom.
Ans. Line organisation
60. ___ have the principal responsibility of achieving the target goals of the firm and
have the decision-making authority.
Ans. Line managers
61. The matrix organisation is conducive for ___.
Ans. Project management
62. In large organisations, project management shall be of line type function where
the project manager shall have ___ and has total formal control over the division he
or she heads.
Ans. Full line authority
63. ___ identified six distinct leadership styles.
Ans. Daniel Goleman
64. In ___ style, a leader issues orders without any discussion with
members. Ans. Coercive
65. In ___ style, the project manager shares his or her vision with the team but
permits them to use their respective ideas to come up with a solution. Ans.
Authoritative
66. High-performance standards are set for team members in ___
style. Ans. Pace-setting
67. Lack of motivation among employees and low quality of production occurs in
___.
Ans. Theory X
68. The smoothing method reduces the scale of conflict by making differences seem
less important. (True/False)
Ans. True
69. In the method of problem-solving, a committee is set up to find a solution.
(True/False)
Ans. True
70. Withdrawal may be the most effective way to settle conflicts.
(True/False) Ans. False
71. Forcing method of resolving conflict is used when one person has authority over
another and uses it. (True/False)
Ans. True
72. A ___ needs to possess excellent analytical and organizational skills to manage a
project team.
Ans. Project Manager
73. Diversity management is a management strategy to promote and maintain a ___
environment in the organization
Ans. Positive workplace
74. A strong ___ program encourages the development of skills and talents of the
employees.
Ans. Diversity management
75. Diversity management works on the principle of
___ Ans. Acceptance