PJM QUIZ 4
1.
A project is delayed when- [EV- Earned Value, AC- Actual Cost, PV-Planned
Value]-
Question 1Answer
a.
AC is greater than EV
b.
EV is greater than AC
c.
AC is greater than PV
d.
PV is greater than AC
e.
PV is greater than EV
2.
Reserve kept to cover risks of specific work packages is called-
Question 2Answer
a.
Management reserve
b.
Resource reserve
c.
Activity reserve
d.
Budget reserve
e.
Project reserve
3.
Sprint Burndown chart is used for-
Question 3Answer
a.
Penalising
b.
Tracking
c.
Planning
d.
Scheduling
e.
Budgeting
4.
A project executed in another country for a company of another country is called-
Question 4Answer
a.
Foreign project
b.
International project
c.
Overseas project
d.
Global project
e.
Domestic project
5.
The output(s) of PERT analysis (when activity time duration is highly uncertain) is
(are)Question 5Answer
a.
Variance of the duration
b.
Expected duration and variance
c.
Expected duration
d.
Standard deviation of the duratione.
Critical path and standard deviation
6.
Risk Severity Matrix’s two dimensions are-
Question 6Answer
a.
Likelihood and Impact
b.
Uncertainty and Likelihood
c.
Impact and Investment
d.
Likelihood and Severity
e.
Revenue and Cost
7.
Which of the following can be computed before the project starts?
Question 7Answer
a.
Earned Value and Planned Value
b.
Actual Cost
c.
Planned Value
d.
Earned Value
e.
Earned Value and Actual Cost
8.
A project is delayed and it has cost overrun when-[EV- Earned Value, AC- Actual
Cost, PV-Planned Value]Question 8Answer
a.
AC is less than PV and PV is less than EV
b.
AC is greater than PV and PV is greater than EV
c.
AC is less than PV and PV is greater than EV
d.
AC is less than PV and PV is less than EV
e.
AC is greater than EV and PV is greater than EV
9.
Which of the following is not a type of project closure-?
Question 9Answer
a.
Failed project
b.
Normal
c.
Premature
d.
New project
e.
Perpetual
10.
Which chart is used to (re)schedule tasks of a project?
Question 10Answer
a.
Burndown chart
b.
Swimlane chart
c.
Gantt chart
d.
Flow chart
e.
Radar chart
11.
Which of the following is not a Risk Response strategy?
Question 11Answer
a.
Sharing Risk
b.
Avoiding Risk
c.
Retaining Risk
d.
Transferring Risk
e.
Measuring Risk
12.
Which of the following is not a step in project control process?
Question 12Answer
a.
Measuring progress and performance
b.
Project planning
c.
Taking action
d.
Comparing plan against actual
e.
Setting a baseline plan
13.
Which of the following is not a response to project risk?
Question 13Answer
a.
Mitigating Risk
b.
Avoiding Risk
c.
Buying Risk
d.
Transferring Risk
e.
Retaining Risk
14.
Which of the following is not a project specific risk?
Question 14Answer
a.
Technical risk
b.
Schedule risk
c.
Inflation risk
d.
Funding risk
e. Cost risk
15.
PERT analysis (when activity time duration is highly uncertain) would be most
appropriate for aQuestion 15Answer
a.
House construction project
b.
Computer software installation project
c.
Car repair project
d.
Research and Development project
e.
Showroom renovation project
16.
The two indexes of performance efficiency of an ongoing project are-
Question 16Answer
a.
Cost Performance Index and Scheduling Performance Index
b.
Cost Reduction Index and Scheduling Efficiency Index
c.
Cost Performance Index and Scheduling Efficiency Index
d.
Cost Efficiency Index and Scheduling Efficiency Index
e.
Cost Efficiency Index and Scheduling Performance Index
17.
Reserve kept to cover major unforeseen risks of the total project. is called-
Question 17Answer
a.
Budget reserve
b.
Resource reserve
c.
Activity reserve
d.
Management reserve
e.
Project reserve
18.
Which of the following is a role in the Scrum framework?
Question 18Answer
a.
Business Analyst
b.
Lead Developer
c.
Project Manager
d.
Product Owner
e.
Full stack Developer
19.
A project executed in a foreign country for the local company is called-
Question 19Answer
a.
Global project
b.
Domestic project
c.
Foreign project
d.
International project
e.
Overseas project
20.
A project has cost overrun when- [EV- Earned Value, AC- Actual Cost, PVPlanned Value]Question 20Answer
a.
EV is greater than AC
b.
AC is greater than PV
c.
PV is greater than AC
d.
PV is greater than EV
e.
AC is greater than EV
21.
Scrum framework is likely to useful for-
Question 21Answer
a.
Renovation projects
b.
Research and Development projects
c.
Software development projects
d.
Car repair projects
e.
House construction projects
22.
Total slack for an activity is the difference between _____ and ____
Question 22Answer
a.
LS and LF
b.
LF and ES
c.
ES and EF
d.
LS and ES
e.
LS and EF
23.
The alternative plan that will be used if the possible foreseen event becomes
reality isQuestion 23Answer
a.
Strategic Plan
b.
Contingency Plan
c.
Operational Plan
d.
Aggregate Plan
e.
Baseline plan
24.
Which of the following is not a type of project closure?
Question 24Answer
a.
Changed Priority
b.
Perpetual
c.
Simple
d.
Failed Project
e.
Normal
25.
Risk Value equals to-
Question 25Answer
a.
Impact * (Probability – Detection)
b.
Impact * Probability * Detection
c.
Impact + (Probability + Detection)
d.
(Impact * Probability) + Detection
e.
Impact + Probability – Detection