Projects vs. operations
Projects and operations have similarities and differences. Which of following is true?
A. Projects are performed by teams, operations are performed by individuals
B. Projects are temporary, operations are ongoing
C. Projects are planned, operations are executed
D. Projects are limited by constraints, operations are not
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Develop Project Charter
You have just been hired as a project manager for a telecommunications company. You are tasked with managing a project that will create smaller cellular phones. The business case for this is based on:
A. Organizational need
B. Strategic offering
C. Social need
D. Technological advance
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Part of your project includes the construction of a new room and although it is not your company’s core competency, you decide to perform a make-or-buy analysis. After you conduct your due diligence and make your decision, you will be creating a request for proposal. Which process are you working on?
A. Plan Procurements
B. Select Sellers
C. Conduct Procurements
D. Plan Contracting
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Monitor and control risks tool
While monitoring and controlling risks on a project, one of the tools a project manager could use compares the amount of the contingency reserves remaining to the amount of risk remaining to determine if the remaining reserve is adequate. This is called:
A. Reserve analysis
B. Performance report
C. Risk audit
D. Variance and trend analysis
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Sequence Activities process
As a senior project manager, Jim is asked to review the work of other project managers in the organization. Wendy, a fairly new project manager, is working with her team to sequence activities. One thing Jim should ensure is that Wendy has already performed the __________ process.
A. Develop Schedule
B. Estimate Activity Resources
C. Define Activities
D. Estimate Activity Durations
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Communication channels
Your project team currently consists of you and three others. If you add one more individual to the team, making a total of five people, how many more communication channels will you have?
A. 3
B. 4
C. 6
D. 10
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B. Analogous
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A quality management tool used to determine show cause and effect is:
A. Decision tree
B. Pareto diagram
C. Control chart
D. Fishbone diagram
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Benefit cost ratio (BCR)
There are two projects being evaluated but only one can be undertaken. Your finance department decides to use Benefit Cost Ratio (BCR) to help make the decision. Before they even perform the BCR, they inform you that a possible outcome is that neither is a good fit for the organization and you may have to find another solution. After completing their analysis they determine that Project A has a BCR of 0.8 and Project B has a BCR of 0.6. Based on their BCR scores, you should:
A. Choose Project A
B. Choose Project B
C. Choose neither and seek alternative projects
D. Ask for more information to make a decision
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Activity sequencing, part II
The intern who will be verifying address labels will not be able to check them until they have obviously been printed. However, you recognize that she does not have to wait until all of the labels have been printed; rather she can begin shortly after the printing of the labels begin. This is an example of:
A. Finish-to-start
B. Finish-to-finish
C. Start-to-start
D. Start-to-finish
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