vu mgmt627 Final Term - Quiz No.1
vu mgmt627 Project Management Quiz
This quiz belongs to book/course code vu mgmt627 Project Management of vu organization. We have 2 quizzes available related to the book/course Project Management. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: Which of the following refers to a narrative description of the work to be accomplished?
The statement of work (SOW)
The project specifications
The milestone schedule
The work breakdown structure (WBS)
Question 2: Which of the following require input from a large number of functional units and usually control vast resources?
Individual projects
Staff projects
Special projects
Matrix or Aggregate projects
Question 3: __________ is the lowest level of quality development.
Quality Assurance
Quality Management
Inspection
Total Quality Management
Question 4: All of the following are relevant factors of competitive bids EXCEPT:
Schedule
Financial Stability
Financing Offer
Ease of minor changes adopted
Question 5: Which of the following statements is TRUE for Work breakdown Structure (WBS)?
Project Manager must structure work into small elements that are manageable
Project Manager must structure work into small elements that are independent
Project Manager must structure work into small elements that are measurable
All of the given options
Question 6: Which of the following is the discount rate that equates the present values of the two sets of flows?
Discounted Cash Flow
Pay Back Period
Discounted Cash Flow
Internal Rate of Return
Question 7: The main purpose of a __________ is to function as a blueprint for the group’s business operations.
Business Plan
Scope statement
Feasibility Study
Work Breakdown Structure
Question 8: Fitness to cost can be obtained by:
Determining the customer’s needs
Building of customer needed products
Obtaining high quality and low cost products
Developing quality management
Question 9: The three general preconditions for achieving lasting success as a project manager are:
Technical Skills, Ability, Human Skills and Design Skill
Ability, Motivation to manage and Opportunity
Motivation to manage,Opportunityand Conceptual Skill
Ability, Capacity and Supervision
Question 10: Which of the following statements gives the Technical definition of Project Planning?
Working out of sub-components in some degree of detail
To cover area of government legislation & regulation related to “use of resources”
“Planned use of any /all resources”- Succession of five year plans
Structured sequence of events leading to desired set of objectives
