1. ____________ is a subset of a project consisting of work packages.

• Task
• Program
• Project
• Process

Answer :- a

2. The overwhelming majority of all projects are of what size?

• Small
• Medium
• Large
• Very large

Answer :- a

3. As sub-elements of a task, these _____________ need to be accomplished to achieve the objectives of the task.

• subprojects
• programs
• work packages
• levels of effort

Answer :- c

4. _____________ is the process of evaluating individual projects or groups of projects and then choosing to implement some set of them so that the objectives of the parent organisation will be achieved.

• Project selection
• Project initiation
• Project management
• Project control

Answer :- a

5. A project selected using the sacred cow model is likely to be maintained until completed or until ___________.

• the project exceeds its budget
• the project falls behind schedule
• The boss recognises the project as a failure and terminates it
• the project manager is terminated

Answer :- c

6. The “stretched-S” pattern observed during the project life cycle, for the most part, is a result of the ____________.

• changing levels of resources used during successive stages of the project life cycle
• changing attitudes of the people who work in the project.
• difficulty in performing the individual activities of a project.
• principle that work expands to fill the allotted time

Answer :- a

7. If a company’s predicted inflation rate goes down (deflation), what happens to their projects’ net present value (NPV)?

• Goes up
• Unchanged
• Goes down
• Positive NPV’s go up, negative NPV’s go down

Answer :- a

8. According to Agile Principles, the most efficient and effective method of conveying information to and within a development team is______________

• Virtual Meeting
• Email
• Reports
• Face-to-face conversation

Answer :- d

9. Which one of the benefits have organisations obtained through the adoption of Agile methods?

• Less collaboration among stakeholders and team members
• Slow delivery of products with working functionality.
• Higher customer satisfaction due to receiving customer input and feedback throughout the project
• Reduced performance visibility

Answer :- c

10. The drawback of the _____________ model is that it fails to consider cash flows obtained once the initial investment has been recovered.

• payback period
• average rate of return
• discounted cash flow
• profitability index

Answer :- a