Top 350+ Solved Project Management MCQ Questions Answer
Q. Relationship based on unrelated level of activity and past data of cost is measured withhelp of
a. cost estimation
b. price estimation
c. unit estimation
d. production estimation
Q. In estimation of cost functions, variations in a single activity level represents the
a. related total costs
b. related fixed cost
c. related variable cost
d. related per unit cost
Q. Which of the following statements is true?
a. PERT is considered as a deterministic approach and CPM is a probabilistic techniques.
b. PERT is considered as a probabilistic techniques and CPM is considered as a deterministic approach.
c. PERT and CPM are both probabilistic techniques.
d. PERT and CPM are both considered as deterministic approachs.
Q. In corporate costs, cost incurred to finance construction of new equipment are classified as
a. treasury costs
b. discretionary costs
c. human resource management costs
d. corporate administration costs
Q. An uncertain event or condition that, if it occurs, has a positive or negative effect on a project objectives is termed.
a. Random Chance
b. Disaster
c. Risk
d. Hazard
Q. The cost impact of a risk event occurring as a project proceeds through its life cycle tends to
a. Slowly rise
b. Slowly drop
c. Drop sharply and then level out
d. Rise sharply and then level out
Q. Evaluation process of proposed projects or groups of projects is known as:
a. Project Analysis
b. Project Compilation
c. Project selection
d. Project Documentation
Q. Nature of interrelationships between components in a system defines the
a. Function of system
b. Structure of system
c. Environment of system
d. Platform of system
Q. Listing goals of each existing and proposed project is first step in
a. Data Collection
b. Establishment of Project council
c. Prioritizing the projects
d. Identification of project categories
Q. For any project word objective is held to be synonymous with
a. Fact
b. Option
c. Opinion
d. Assumption
Q. Which of these is not one of the constraints of a project?
a. Scope
b. Resources
c. Team
d. Budget
Q. Which of the following is not correct about initial phase of a project?
a. The cost associated at the beginning of the project is highest.
b. Stakeholders have maximum influence during this phase
c. The highest uncertainty is at this stage of the project.
d. All the above statements are correct.
Q. Which is the first stage in the project management model?
a. Understanding the project environment
b. Project definition
c. Project control
d. Project planning
Q. A clear hierarchy of objectives in the project definition would NOT normally contain:
a. The purpose
b. An End result
c. Success criteria
d. Control mechanisms
Q. Which of the following is a factor that influences project selection?
a. Perceived and real needs
b. List of potential and ongoing projects
c. Current organizational environment
d. All of the above