Which of the following is NOT a characteristic of a project?

Select one:

a.Ongoing and repetitive

b.Creates a unique product or service

c.Planned, executed, and controlled

d.Constrained by limited resources

You are working as a portfolio manager. You are responsible for managing which of the following?

Select one:

a.Projects and programs

b.Project interdependencies

c.Projects, programs, and day to day operations decisions

d.Functional work and operations

You are managing the release of a new drug in the market. Your role is that of a:

Select one:

a.Functional Manager, because you have good functional knowledge of the pharmaceutical industry

b.Operations Manager, because you have to do several repetitive tasks

c.Program Manager, because you have to manage several projects to d0 job effectively

d.Project Manager, because you are creating a unique product within specific time schedules

You are responsible for managing a project in your company but you have least authority and have toconstantly report to a functional manager. To which organizational structure does your company belong?

Select one:

a.Functional

b.Matrix

c.Projectized

d.Balanced

You are the project manager in a company where you have maximum authority. To whichorganizational structuredoes your company belong?

Select one:

a.Weak Matrix

b.Strong Matrix

c.Functional

d.Projectized

In a kick-off meeting for your project, you provided information to your team members about the differentproject management processes to be followed in the project, what are these processes?

Select one:

a.Conceptualizing, Initiating, Executing, Monitoring and Controlling, and Closing

b.Initiating, Planning, Executing, Monitoring and Controlling, and Closing

c.Initiating, Planning, Executing, Controlling, and Administrative Closure

d.Initiating, Verifying, Executing, Monitoring and Controlling, and Closing

In your project, you are subdividing major project deliverables into smaller, more manageable components. This will bedone as part of

Select one:

a.Scope Verification

b.Product Analysis

c.Work Authorization System

d.Create WBS

The following provides information on a particular task in your project:

Early Start (ES): day 25

Late Start (LS): day 30

Early Finish (EF): day 50

Late Finish (LF): day 55

Select one:

a.The task is not on the critical path

b.The project may get delayed

c.The project float is 5 days

d.The task is on the critical path

Float is the amount of time an activity can be delayed without delaying the project finish date. It is also called:

Select one:

a.Path float

b.Critical Paths

c.Free float

d.Slack

In your company, payback period is primarily used as the decision criterion for project selection. Payback period is the:

Select one:

a.Duration in which the project gets completed

b.Discount rate on an investment that makes present value of all cash inflows equal to present value of all cashoutflows

c.Number of years a company takes to get back the invested amount

d.Number of years a company takes to make profits equal to the amount invested

rag the following four risk activities into the correct order:

• Risk Assessment/analysis
• Risk response control
• Risk Identification
• Risk Response development

Which two methods are ways of reducing risk? (Select all that apply)

Select one or more:

a.Reducing Impact

b.Reducing Time

c.Reducing Likelihood

d.Reducing Cost

In your project, you have created a list of identified risks and potential responses. You should document this informationin:

Select one:

a.Risk management plan

b.Risk register

c.Project plan

d.Risk database

When your company buys computers from Dell, you also pay extra for a three-year warranty which ensures that anymanufacturing defects will be taken care of by Dell. The risk response strategy used is:

Select one:

a.Accept

b.Avoid

c.Mitigate

d.Transfer