MPM-003 - Project Implementation and Control (Set 2)

1.  I am faced with several possible options and want to make a choice by projecting

these different possible outcomes. To do this I should use:

 A  Cost-benefit analysis

 B  Decision trees

 C  Cause-and-effect analysis

 D  NPV

 

2.  You have been asked to conduct a SWOT analysis for identifying potential risks. Strengths and

Weaknesses are both ----------------- factors while Opportunities and Threats are ----------------- factors.

 A  internal, crucial

 B  External, internal

 C  Internal, external

 D  Less important, more important

 

3.  As the Project Manager you need to communicate a complex problem. The most suitable communication method will be:

 A  Informal verbal

 B  Formal verbal

 C  Informal written

 D  Formal written

 

4.  When doing a qualitative risk analysis as the team leader you tell your team members to assess the identified risk's:

 A  Probability and range of likelihood

 B  Probability and impact

 C  External and internal impacts

 D  Probability of each risk category

 

5.  I want to calculate a future outcome that may or may not occur. Which tool should I use to do this?

 A  Sensitivity analysis

 B  Present value

 C  Expected monetary value

 D  Expected value

 

6.  What is not a feature of an ego-less team?

 A  Weak communication

 B  Flat structure

 C  Decisions by consensus

 D  Chances of lack of leadership

 

7.  Unresolved conflicts among team members can lead to:

 A  Crisis in the work

 B  Ill feeling

 C  Dissatisfaction

 D  All of the above

 

8.  To enter into a Firm Fixed price contract a prospective buyer must be clear about:

 A  The costs of the work packages

 B  The contract's detailed manpower requirements

 C  Details of the work to be done

 D  The contractor's fee

 

9.  All of the following are tools used for identifying risks except:

 A  PI matrix

 B  Assumption analysis

 C  Influence diagrams

 D  Documentation reviews

 

10.  All of the following is true of flow charts except:

 A  Depict a pictorial representation of a sequence of steps

 B  Show relationship of different elements of a process

 C  Are difficult to depict and understand

 D  Uses different symbols to show different types of activities