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General Project management

If the initial investment in a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:
-5 years
-4 years
-one fifth of the year
- 10 years

A functional project structure is NOT characterized by:
-lower personnel costs
-improved communications
-lack of "projectitis"
-lack of technical knowledge depth

The name given to the budget process that aggregates income and expendatures across projects is:
-activity based costing
-top down budget
-bottom up budget
-program oriented budget

The amount of time a noncritical task can be delayed without delaying the project is called?
-Surplus
-Flop
-Slack
-Critical time

The first step in settin up a monitoring system is to:
-Identify personnel
-Identify all project milestones
-Identify key factors to be controlled
-Identify reports required

SDT stands for:
-Study, Design, Test
-Self directed team
-Significantly delayed task
-Standard design task

The cost/spending variance is calculated as:
-AC-EV
-EV-PV
-PV-EV
-EV-AC

Which of the following audits is typically performed by a person or team with special technical skills?
-The technical audit
-The detailed audit
-The aggregate audit
-The quality audit

The _____approach centers on understanding the bits and pieces in a system.
-Facilitating
-Analytical
-Systems
-Sensitivity

Which of the following is used to show linkages between people and tasks?
-The Work Breakdown Structure
-The RACI
-The Project Action Plan
-The Project resource diagram

Solution Preview

General Project management questions
If the initial investment in a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:
-5 years
-4 years
-one fifth of the year
- 10 years
If we divide the investment $100,000 with the annual net profit of $20,000 we get 5. 5 years is the answer.
A functional project structure is NOT characterized by:
-lower personnel costs
-improved communications
-lack of "projectitis"
-lack of technical knowledge depth
A functional project structure has the weakness of poor communications. The answer is - improved communications.

The name given to the budget process that aggregates income and expenditures ...

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