Which of the following is a good condition for bottom-up estimating?

a) When the project involves strategic decision making

b) When the project is internal and small
c) When there is a fixed price contract
d) When there is high uncertainty involved in the project
e) When there is an unstable scope

Which of the following is a good condition for bottom-up estimating?

a) When the project involves strategic decision making

b) When the project is internal and small
c) When there is a fixed price contract
d) When there is high uncertainty involved in the project
e) When there is an unstable scope
Which of the following statements is not false?
a) Project management is far from a standard way of doing business
b) Project management is increasingly contributing to achieving organizational
strategies
c) Project management is being used at a consistent percentage of a firm's
efforts
d) Project management is a specialty that few organizations have access to
e) All of the above are False

Which of the following statements is not false?

a) Project management is far from a standard way of doing business
b) Project management is increasingly contributing to achieving
organizational strategies
c) Project management is being used at a consistent percentage of a firm's
efforts
d) Project management is a specialty that few organizations have access to
e) All of the above are False
One of the characteristics that separate project management from
other endeavours of the organization is that there are specific time,
cost and performance requirements. TRUE / FALSE

One of the characteristics that separate project management from

other endeavours of the organization is that there are specific time,
cost and performance requirements. TRUE / FALSE
In the _____________ stage of the project life cycle project the
product is delivered to the customer and resources are reassigned.
a) Identifying
b) Closing
c) Execution
d) Controlling
e) Defining

In the _____________ stage of the project life cycle project the

product is delivered to the customer and resources are reassigned.
a) Identifying
b) Closing
c) Execution
d) Controlling
e) Defining
The financial model that measures the time it will take to recover the
project investment is the __________ model.
a) NPV
b) IRR
c) ARR
d) Payback
e) None of the above

The financial model that measures the time it will take to recover the
project investment is the __________ model.
a) NPV
b) IRR
c) ARR
d) Payback
e) None of the above
Which of the following is not true about an organization's strategy?
a) Strategy determines how an organization will compete
b) Strategy is implemented through projects
c) Only top management must understand strategy
d) Project selection should be clearly aligned with strategy
e) All of the above

Which of the following is not true about an organization's strategy?

a) Strategy determines how an organization will compete
b) Strategy is implemented through projects
c) Only top management must understand strategy
d) Project selection should be clearly aligned with strategy
e) All of the above
The matrix form of project management structure is a good choice
when resource usage needs to be optimized by having individuals work
on multiple projects while still performing functional duties. TRUE /
FALSE

The matrix form of project management structure is a good choice

when resource usage needs to be optimized by having individuals work
on multiple projects while still performing functional duties. TRUE /
FALSE
All of the following are functions culture plays in an organization except
–
a) It provides a sense of identity.
b) It helps legitimize the management system.
c) It replaces the need for a project selection process.
d) It helps create social order.
e) It clarifies and reinforces standards of behavior.

All of the following are functions culture plays in an organization except

–
a) It provides a sense of identity.
b) It helps legitimize the management system.
c) It replaces the need for a project selection process.
d) It helps create social order.
e) It clarifies and reinforces standards of behavior.
Estimating the total cost of a house by multiplying the total square feet
by cost per square foot is an example of the apportion method of
estimating costs.
TRUE / FALSE

Estimating the total cost of a house by multiplying the total square feet
by cost per square foot is an example of the apportion method of
estimating costs.
TRUE / FALSE
A typical Hammock activity spans over a segment of a project and the
duration of such hammock activity is determined __________the
network is drawn.
a) After
b) Before
c) During
d) All of the above
e) None of the above

A typical Hammock activity spans over a segment of a project and the

duration of such hammock activity is determined __________the
network is drawn.
a) After
b) Before
c) During
d) All of the above
e) None of the above