Font size
WorksheetsProject
Total questions: 53
Worksheet time: 31mins
Definition of project includes points about
Uniqueness of result
Time limits
Product scope
Attracted resources
Processes are
Limited in resources
Repetitive
Endless
Risky
Main characteristics of project are
Unique product
Known amount of resources
Deadlines
Lack of risks
Which of these activities are projects?
House building
Production of bread
Phone design
Automobile production
New ad release
Which of these activities are processes?
Office relocation
Airplane design
Sculpture creation
Production of bread
What is not the main project success criteria?
New connections
Achieved goals
Good reputation
Аdhered to deadlines
Achieved quality
Which of these are most common reasons of failure?
Wrong places for execution
Unmotivated team
Misplaced goals
Wrong communication
Wrong start dates
The Sydney Opera House is a project that has created a kind of "national symbol" of Australia. Which statement is true for this project:
Unsuccessful product and extremely successful project management
Successful product and successful project management
Successful product and extremely unsuccessful project management
Unsuccessful product and unsuccessful project management
What is the main idea of waterfall methodology?
the project does not stop under any circumstances
the project is carefully planned at the beginning
the project is re-planned after each achieved result
project risks are assumed to be zero
What is your goal as project manager at the start of project according to waterfall methodology?
Attract budget
Gather team
Get all requirements
Design of the product
What stage do you need to document during the project?
Implementation
Design
Requirement Analysis
Testing
What should you have before you can get to the design stage?
Project passport
Needed workers
Needed funds
Complete plans
Is the project ends after the implementation?
No, product should be tested
No, team should review its experience
Yes, product is ready
When project should be considered finished?
When final product is tested
When final product is accepted by customer
When team analyzed way it was working during the project
When the final product is implemented
Why is a waterfall less adaptable to project changes?
Non-permanent customer feedback provides less project information
High collaboration provides project information
Organizational processes provide project information
Extensive documentation
What is the definition of a waterfall method?
A project management approach that uses sequential phases
A project management approach focused on speed of delivery
A project management approach the uses iterative cycles
A project management approach focused on collaboration
What types of projects are best suited for the waterfall model?
Projects with uncertain requirements
Projects that need deadlines
Projects that have clearly defined structure
R&D projects
What is MOST important according to the Agile Manifesto?
Documentation and planning
Control and management
People and how they communicate
Processes and tools
According to Agile manifesto what carries more value?
Individuals and interactions over processes and tools
Individuals and interactions over people and technique
Individuals and interactions over products and tools
Individuals and interactions over projects and tools
How can you manage unpredictability in agile processes?
Conduct risk analysis before planning
Deliver product increments in short time periods
Carefully gather project requirements
Adapt processes to changes incrementally
Three roles in the scrum framework
Team Member
Developer
Tester
Product Owner
Scrum Master
The product backlog should contain
Tasks
User stories
Roles
Team members
Who is responsible for prioritizing the product backlog?
Tester
Lead Developer
Product Owner
Project Manager
Normal sprint duration
3 weeks
2-4 weeks
2 weeks
1 week
Tasks typically estimated as
Hours
Story points
Days
Money
What is the time box for the Daily Scrum (Standup) meeting?
10 minutes
5 minutes
30 minutes
15 minutes
How does Kanban prevent work over capacity?
By defining special rules
By having daily meetings
By using Work In Progress (WIP) Limit
By setting a powerful workflow
Choose the best answer to the following question. Which framework is the best to apply when priorities change daily?
Priorities should only be determined during a roadmap planning meeting, not daily
Either framework is fine or will work if you just tweak the processes a little
Since Kanban allows for priorities to change daily it is better to implement because
Scrum only allows priorities to change every sprint
Scrum encourages priorities to change daily, while Kanban does not
Normal sprint duration
3 weeks
2-4 weeks
2 weeks
1 week
What is the financial effectiveness?
result of the project, achieved in the end
achievement of greater quality for the product
result earned per unit of investment
effective teamwork of financial department
Which type of effectiveness concerns your income as project manager?
Commercial efficiency
Budget efficiency
Macroeconomic efficiency
Microeconomic efficiency
What type of effictiveness concerns the increasing of GNP?
Commercial efficiency
Macroeconomic efficiency
Microeconomic efficiency
Budget efficiency
Cashflow is ...
flow of expenditures, needed for implementation of project
financial result of the project, achieved in the end
Attracted fund, such as credits and investments
sum of income and expenditures for project length
Discounting is the process of ...
Calculating final result of the project in present values
Calculating future cashflows in present values
Calculating cost of materials, assuming that there will be a discount
Calculating expenditures in present values
Why discounting is important?
Because sponsor won't give us money if we don't do that
Because time influence on the future values
Because it will get higher our expectations
Because it will get us more accurate financial result
When project is not attractive to us?
NPV doesn't influence on project attractiveness
When NPV is equal zero
When NPV is lower than zero
when NPV is higher than zero
What means when NPV equal zero?
That project sponsors didn't provide enough funds
That we won't lose our investment
That we should refuse to invest to this project
That project result won't be achieved
What can we get when NPV is lower than zero?
Excessive RO
Non-financial results
Nothing
Return of our investments
Which profitability index is not good for us?
10
0.6
0
1.5
The meaning of profitability index is?
How much money we earned in the project
How much money the project will attract
How much money we earned on unit of our investments
How much money the project manager will get
What we will get from the project if our PI is lower than 1, but higher than zero?
Extra bonus
Non-financial results
Return of our investments
No profit
Which indicator is bigger?
Discounted Payback Period
Depends on situation
Payback Period
They are equal
Discounted Payback Period provides the information on the question
When will our investments return
When will project start to be profitable
When project sponsors are needed to have their money back
When will project be completed
If we choose from several projects, which equation will be more attractive for the second project?
DPP1 = DPP2
DPP1 < DPP2
This indicator is not important for decision
DPP1 > DPP2
An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more projects objectives is called
An uncertainty
Backlog
A risk
An issue
Positive risk is called
Chance
Good
Threat
Opportunity
Which of these is not a source of risk?
Digital Risk
Political Risk
Technology Risk
Economic Risk
A document for capturing all known risks is called:
Diary
Risk log
Risk list
Risk register
What are the four possible options when responding to risk?
Mitigate, Avoid, Evade, Transfer
Avoid, Transfer, Accept, Mitigate
Accept, Mitigate, Evade, Transfer
Evade, Receive, Transfer, Avoid
When should a risk be avoided?
When company can hedge losses
When the risk event is has a very high probability of occurrence and high impact
When the risk event is has a very low probability of occurrence and high impact
Risks can never be avoided
The scope of the project
Project diary
Always flexible
Strictly limited and defined
Only understandable to the Project Manager
The sooner the team identifies _____ the sooner they nip negative developments
Risks
Topics
Goals
Advantages
Which statement is true?
Every project is unique. You need to define a project management approach for each of them
Project Management is universal. You can apply the same approach to any project
You can manage the project as you like – no methodology is needed
All projects require the same and only approach
