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HW-1098 Finance MCQ 1-30
 

HW-1098 Finance MCQ 1-30

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Question 1
Which of the following is an example of a project?


a. Maintaining e-mail addresses

b. Capacity planning

c. Submitting travel and expense reports

d. Sending monthly reports to top management

Question 2
An effective project manager must:


a. Tell his team members what to do

b. Be the most capable person on the team technically

c. Be focused on achieving results

d. Not trust his team members to achieve results without his personal attention to detail

Question 3
A key characteristic of an effective project team is that:


a. Members have graduate degrees in project management

b. Members come from the same professional background

c. Members see themselves as stakeholders in the project

d. Members adhere to a prescribed pecking order

Question 4
A challenge of the matrix project organization is that:


a. Team members are full of ego

b. Team members are selected from the same functional area

c. Team members have divided loyalties

d. It enables functional managers to provide career guidance to their workers

Question 5
A key weakness of the Benefit-Cost ratio project selection mechanism is that:


a. It only focuses on things that can be measured

b. It takes time frame into consideration

c. It is too much based on subjective judgment

d. It does not entail prioritizing

Question 6
A major strength of task Gantt charts is that they can:


a. Offer a sophisticated model of a project

b. Show how many resources will be used on the project

c. Show the interdependencies of tasks

d. Show actual versus planned schedule status

Question 7
If you want to shorten the length of a project, you must:


a. Shorten the critical path

b. Shorten the free float

c. Spend more money

d. Cut back on the features you plan to deliver

Question 8
The critical path:


a. Provides the duration of a project

b. Has the shortest duration on a project

c. Is the most expensive path to implement

d. Contains the project's most significant tasks


Question 9
A tool that graphically shows cost variance is:


a. A chart of accounts

b. A code of accounts

c.A histogram (also called a resource loading chart)

d.A cumulative cost curve (also called S-curve)

Question 10
Which of the following methods involves performing tasks in parallel?


a. Crashing

b. Fast tracking

c. Leveling

d. Hammocking

Question 11
Top-down estimates (also called parametric estimates):


a. Are based on historical trends

b. Can be derived from the WBS

c. Can be determined by analyzing work packages

d. Provide accurate assessments of project costs

Question 12
Bottom-up estimates:


a. Are based on historical trends

b. Can be derived from the WBS

c. Must employ Monte Carlo simulation

d. a and c

Question 13
Definitive estimates are generally derived from:


a. Bottom-up estimates

b. Top-down estimates

c. Expert judgment cost estimates

d. Order of magnitude estimates

Question 14
The resource planning tool that enables us to identify who we need to carry out what tasks is called:


a. A resource Gantt chart

b. A resource matrix (also called the responsibility chart)

c. A resource ogive

d. A resource loading chart (also called a resource histogram)

Question 15
Which of the following shows resource allocation over time?


a. Resource Gantt chart

b. Resource matrix

c. S-Curve

d. Resource leveling

Question 16
What is the function of a change control board (CCB) in configuration management?


a. To assess the management impacts of change requests

b. To initiate changes needed on the project

c. To focus on the technical implication of change requests

d. To approve change requests coming from senior management

Question 17
Good functional requirements


a. Describe how the deliverable should be developed

b. Provide detailed technical insights into what the deliverable will do

c. Describe what the deliverable looks like and what it should do

d. Are created after development of the technical specifications

Question 18
The type of management whose focus is on activities whose variances lie outside the acceptable range is:


a. Management by Objectives

b. Management by Exception

c. Management by Walking Around

d. Management by Control Limits

Question 19
Which of the following is a characteristic of an effective reporting system?


a. SMART

b. KISS

c. MBO

d. LOWBALLING

Question 20
Which of the following is an elapsed time task?


a. Paint is drying

b. A painter paints the wall

c. Software is being written

d. A sandwich is being made

Question 21
An autocratic management style:


a. Is effective in most project management situations

b. Is effective in highly routine efforts

c.Is effective in high flux, state-of-the-art projects

d. Will lead to the tyranny of the majority

Question 22
A project team structure that closely reflects the physical structure of the deliverable is known as:


a. Egoless

b. Specialty

c. Surgical

d. Isomorphic

Question 23
The purpose of mid-project evaluation is:


a. Continual monitoring of budget and estimates

b. To focus on achievement of individual element of the project plan

c.To determine whether the original objectives are still relevant

d. To re-baseline the project budget

Question 24
If the latest time you can start a task is five hours into the project, and the earliest time is three and a half hours into the project, how much slack (also called float) does the task have?


a. 0.5 hours

b. 1.5 hours

c. 2.5 hours

d. 8.5 hours

Question 25
In risk management, insurance is an example of:


a. Risk avoidance

b. Risk deflection

c. Risk acceptance

d. Contingency planning

Question 26
A four step risk assessment process reflecting standard risk management good practice consists of:


a. Risk identification, Risk deflection, Risk impact analysis, Risk monitoring and control

b. Risk acceptance, Risk impact analysis, Risk response planning, Risk monitoring and control

c. Risk deflection, Contingency planning, Risk impact analysis, Risk monitoring and control

d. Risk identification, Risk impact analysis, Risk response planning, Risk monitoring and control

Question 27
Structured Walk-Through is a methodology used in:


a. PERT

b. GERT

c. VERT

d. Project Evaluation

Question 28
If review of a project's status indicates that EV = $400, AC = $400, and PV = $500, the project is:


a. On budget, behind schedule

b. On budget, ahead of schedule

c. Over budget, behind schedule

d. Over budget, ahead of schedule

Question 29
The poor man's hierarchy is a method for:


a. Project estimation

b. Project scheduling

c. WBS construction

d. Project selection

Question 30
According to PMI, a WBS should focus on


a. Tasks

b. Deliverables

c. Interrelationships among activities

d. Cost of the project


Answer will be sent by email as attachment.
Last Updated: 6 Apr 2026 05:09:38 PDT home  |  about  |  terms  |  contact
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