Mid Term Project Management Quiz

Project is

• A temporary endeavor undertaken to create a unique product, service, or result.

• An artifact that is produced, is quantifiable, and can be either an end item in itself or a component item.

• The person assigned by the performing organization to lead the project team that is responsible for achieving the project objectives.

• An end result or consequence of a process

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements considered to be

• Project Value Delivery

• Project Manager

• Project Team

• Project Management

The following ways are values that could create by the organizations for stakeholders, except

• Enabling the changes needed to facilitate organizational transition to its desired future state

• Undermining positive social or environmental contributions.

• Improving efficiency, productivity, effectiveness, or responsiveness

• Creating a new product, service, or result that meets the needs of customers or end users

Activity D on a CPM network has predecessors B and C, an has successor E. D has duration 6, B’earliest finish is 18, while C’s is 20. E’s late start is 26. Which of the following is definitely true?

• E is critical and has zero slack

• B is a critical activity

• C is completed before B

• D is critical and has zero slack

Projects exist and operate within internal and external environments that have varying degrees of influence on value delivery. Which of the following is the internal environment?

• Resource availability

• Industry standards

• Social and cultural influences and issues

• Marketplace condition

Projects exist and operate within internal and external environments that have varying degrees of influence on value delivery. Which of the following is the external environment?

• Employee capability

• Academic research

• Organizational culture, structure, and governance

• Process assets

The Project Management Institute Code of Ethics and Professional Conduct is based on following values that were identified as most important to the project management community.

• Traceability, Respect, Adaptability, Collaborative

• Profitability, Respect, Honesty, Compatibility

• Responsibility, Respect, Fairness, Honesty

• Honesty, Accountability, Timely Oriented, Capability

A CPM network has three activities, K, L, M. K is an immediate predecessor of L and of M. L is an immediate predecessor of M. The activity durations are K=4, L=3, M=8. Which of the following statement is true?

• Slack at L is 3 units.

• The critical path is K-M, duration 12.

• Slack at K is 3 units.

• The critical path is K-L-M, duration 15.

The critical path for the network activities shown below is___ with duration ___

• B-D-E; 7

• B-C-E; 12

• A-C-E; 10

• A-D-E; 5

What is project slack?

• The difference between how long the project would take if all task were completed based on their pessimistic versus optimistic time estimates.

• The amount of time a non-critical task can be delayed without making the project late.

• The amount of time the critical path can be delayed without making the project late.

• The amount of time an activity on the critical path can be delayed without making the project late.