Sunday, December 13, 2009

MPM-001 - Project Fundamentals And Appraisal (Set 7)

1.  A project may be undertaken to address:

 A  A new business need

 B  Maintain a running process

 C  Re-work

 D  Manufacture a car battery

 

2.  The quality considerations to be followed in the project is decided:

 A  During it's execution

 B  By the quality department

 C  At the beginning of the project

 D  Depending on the project's cost

 

3. Select two features that are common to both projects and operations from the list given below.

  1  They are performed by people

  2  At times they can use unlimited resources

  3  They have the use of limited resources

  4  The use of manpower is optional

  5  They must follow a specific procedure

 

4.  The objective of operations is to:

 A  Sustain a company's existing business

 B  Make a company's operations more efficient

 C  Address routine work

 D  All of the above

 

5.  There are many reasons why project management has become a key discipline. Indicate which one of the following is NOT true:

 A  Pressure to compress time

 B  One market place and many suppliers

 C  New business reality of globalization

 D  Pressure to improve operational efficiency

 

6.  Project management is becoming a key discipline across all sectors and it is used effectively in managing:

 A  Changes

 B  Uncertainties

 C  Totality of a project from beginning to an end

 D  All of the above

 

7.  The development of modern project management began in:

 A  1960's

 B  1950's

 C  1900's

 D  1975

 

8.  Who is responsible for ensuring the project has funds?

 A  The project manager

 B  The bankers

 C  The client

 D  The project sponsor

 

9.  Why is stakeholder analysis done?

 A  To identify all the project's stakeholders

 B  To assess the source of funding for the project

 C  To ensure stakeholders' requirements are properly considered in project planning

 D  To get approval of documents

 

10.  Double declining balance is a form of:

 A  Decelerated depreciation

 B  Straight line depreciation

 C  Accelerated depreciation

 D  Life cycle costing

 

11.  You are appraising three projects. The NPV of Project A is $10000, NPV of Project B is -$10000 and the NPV of Project C is $12000. Which project would you select?

 A  Project A

 B  Project C

 C  Project B

 D  Not enough information is given

 

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