1. The highest degrees of project risk and uncertainty are associated with the following phase of the project: A. conceptual B. execution C. cut-over D. post project evaluation E. A and D only ANS: A
2. The most common types of schedules are Gantt charts, milestone charts, line of balance, and: A. Networks. B. Time phased events. C. Calendar integrated activities. D. A and C only. E. B and C only. ANS: A
3. Which of the following is often overlooked in achieving effective communication? A. speaking clearly B. listening C. interpreting D. maintaining eye contact E. manipulating the conversation ANS: B
4. Which type of contract requires that the buyer keep the tightest labor/material cost control? A. Cost Plus Incentive Fee B. Cost Plus Percentage of Costs C. Cost Plus Fixed Fee D. Firm Fixed Price E. Firm Fixed Price Plus Incentive ANS: B
5. A task-oriented family tree of activities is a: A. Detailed plan. B. Linear responsibility chart. C. Work breakdown structure. D. Cost account coding system. E. Work package description. ANS: C
6. Adding 5 people to a 4 person team increases the communication channels by a factor of: A. 2 times B. 3 times C. 4 times D. 5 times E. 6 times ANS: E
7. Cost management includes: A. Cost estimating/forecasting. B. Cost budgeting/cost control. C. Cost applications. D. All of the above. E. A and B only. ANS: D
8. Participative Management: A. involves the solicitation of information from all team members. B. assumes that members avoid work and responsibility. C. suggests the sharing of power and decision making. D. employs a Theory X style of leadership. E. A and C ANS: E
9. The auditing function that provides feedback about the quality of output is referred to as: A. quality control. B. quality planning. C. quality assurance. D. quality improvement E. All of the above. ANS: C
10. The lowest dollar amount ’at stake’ is associated with the following phase of the project: A. conceptual B. execution C. cut-over D. post project evaluation E. A and D only ANS: A