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WorksheetsProject and Operations Management Quiz
Total questions: 20
Worksheet time: 15mins
What does PM stand for?
Project Manager
Project Master
Project Minder
Professional Manager
PROJECT IS ALWAYS...
Unique
Interesting
Dynamic
Extraordinary
SUCCESFUL PROJECTS ARE
Lasting forever
Completed on-time
Flexible
Independent of all variables
The sooner you identify the _____the sooner you can eleminate negative developments
Advantages
Risk
Goals
Topics
What are the Five Project Management Process Groups in order?
Initiating, Planning, Monitoring & Controlling, Executing, and Closing.
Initiating, Monitoring & controlling, Planning, Executing, and Closing
Initiating, Executing, Planning, Monitoring & controlling, and Closing
Initiating, Planning, Executing, Monitoring & controlling and Closing
As a Project Manager you finalize the list of Stakeholders, Which Process Group you are working in?
Executing
Monitoring & controlling
Initiating
Planning
You are working on a large project which has several smaller projects and programs within it. This is:
List of Projects
Portfolio
Project Life Cycle
Programming
Project risk is caused by an uncertain event that
has always negative consequences
has both positive and negative consequences
will occur
has occurred
The two main axes of a risk are:
Consequences * dependencies
Probability * good luck
Probability * cost
Probability * impact
Which phase determines if we met our goal?
Controlling
Planning
Measuring
Organizing
Which phase helps make sure we use resources wisely?
Executing
Controlling
Measuring
Planning
Positive Risk should be considered
False
True
A key component of planning a project can be
Venn Diagram
Think box
Brain Frame
Work breakdown structure
An itemized estimate of income and expenses in a project
Incremental
Bidding
Budget
Liquidated Damages
_______is the ratio of earned value to planned value; can be used to estimate the projected time to complete a project.
Schedule Variance (SV)
Life Cycle Costing
Schedule Performance Index (SPI)
Indirect Costs
Cost estimating technique based on estimating individual work items and summing them to get a project total called?
Parametric Estimate
Definitive Estimate
Bottom-Up Estimates
Analogous Estimates
What is the earned value minus the actual cost known as?
Planned Value
Cost Control
Actual Cost
Cost Variance
Cost estimating technique that uses the actual cost of a similar project as the basis for estimating current project?
Estimate at Completion
Analogous Estimate
Parametric Estimate
Cost Estimating
What is the term for the original total budget for a project?
Cost Performance Index
Budget at Completion
Schedule Performance Index
Estimate at Completion
____ is the ratio of earned value to actual cost. It can be used to estimate the projected cost to complete the project.
Budget at Completion
Cost Variance
Cost Estimating
Cost Performance Index
