Project Management This assignment consists of 21 questions. Read each question carefully. QUESTIONS [70 MARKS] 1. Project reporting can best be defined as: (1) a) informing stakeholders about the project. b) storing and archiving of project information. c) gathering stakeholder feed back. d) collecting project information. 2. Which one of the following statements best defines an estimate? (1) a) An approximation of project time and cost targets, refined throughout the project life cycle. b) A prediction of a future condition or event based on information or knowledge available now. c) The value of useful work done at any given point in a project to give a measure of progress. d) A situation that affects or influences the outcome of the project expressed in time or cost terms. 3. The main outcome of risk identification, in a risk management process, is to: (1) a) identify and determine the relative importance of the project risks. b) identify and describe all risks that might occur on the project. c) identify and determine the responses to the project risks. d) identify and describe risks that have occurred on previous projects. 4. Which one of the following is not considered in resource management? a) Identifying resources. b) Influencing resources. c) Assigning resources to activities. d) Matching resources to the schedule. 5. Which one of the following does project change control primarily seek to ensure? (1) a) All variance to the project scope is evaluated. b) No reduction in the perceived quality of the project outcome. c) Management costs of the project do not increase. d) Any decrease in the scoped deliverable of the project is rejected. 6. What is defined as "the ability to influence and align others towards a common purpose"? (1) a) Teamwork. b) Motivation. c) Management. d) Leadership. 7. Which one is a true statement relating to project communications? (1) a) A project sponsor is responsible for all communication methods and media. b) Different stakeholders typically have different communication needs. c) It is best to have a standard set of project reports used for every project. d) Email is the only way to communicate with large numbers of people. 11 This assignment consists of 24 questions. Read each question carefully. Answer all questions. Use correct numbering. Complete your assignment online using the online quiz. QUESTIONS [75 MARKS] 1. A is a temporary endeavour undertaken to create a unique product, service, or result. (1) a) project b) programme c) strategy d) mega-project 2. Which one of the following best describes a project issue? a) A major problem that requires formal escalation. b) A problem that the project manager has to deal with on a day-to-day basis. c) An uncertain event that may or may not occur. d) An opportunity that occurs through change control. 3. Scheduling can best be defined as the process used to determine: a) overall project duration. b) project cost estimating. c) the project management plan. d) sub-contractor's responsibilities. 4. Which one of the following statements is true? a) An increase in project scope is likely to increase project cost. b) A decrease in the project time is likely to increase project quality. c) An increase in the project quality requirements is likely to decrease project cost. d) A decrease in the project cost is likely to decrease project time. 5. Which one of the following statements best defines the purpose of a Product Breakdown Structure (PBS)? a) To define the hierarchy of deliverables that are required to be produced on the project. b) To define how the products are produced by identifying derivations and dependencies. c) To establish the extent of work required prior to project commissioning and the handover. d) To identify the health and safety strategies and procedures to be used on the project. 6. Which one of the following is a valid project Key Performance Indicator (KPI)? a) Staff appraisals. b) Management buy in. c) Milestone achievement. d) Master schedule. 7. Which one of the following statements is true? a) The business case is owned by the sponsor and is created during the concept phase of the project life cycle. b) The business case is owned by the project manager and is created during the concept phase of the project life cycle. c) The business case is owned by the sponsor and is created during definition phase of the project life cycle. d) The business case is owned by the project manager and is created during the definition phase of the project life cycle. 8. Who owns the Project Management Plan (PMP)? a) The project team. b) The chief executive. c) The project manager. d) The project support office. 9. Which one of the following best describes users? a) Providers of both strategic and tactical direction to the project. b) Those intended to receive benefits or operate outputs. c) Facilitators of an appropriate issue resolution procedure. d) Those providing full-time commitment to the project. 10. Which statement best describes a responsibility of the project manager: a) to be the sole source of expertise for estimating techniques on cost and time. b) to deliver the project objectives to enable benefits to be realised. c) to take ultimate accountability for the delivery of the business benefits. d) to delegate all accountability for managing time, cost and quality to team leaders. 11. A project is typically defined in terms of scope, time, cost and which other parameter? a) Benefits. b) Quality. c) Tolerance. d) Controls. 12. Which one of the following statements is true? a) Business-as-usual activities cannot be improved. b) Business-as-usual activities are more difficult to manage than projects. c) Projects are transient endeavours that bring about change to business-as-usual. d) A project is always the starting point for operation refinement. 13. In project management, the term quality is best defined as: a) inspection, testing and measurement. b) reviews and audits. c) fitness for purpose of deliverables. d) professionally-bound project reports