Question 1

________ is called as a planned activity.
A)project
B)activity
C)program
D)task

Accepted Answer

A project is a planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.

Question 2

------------- project interfaces with the organization.
A)information system
B)embedded system
C)process control system
D)objective driven system

Accepted Answer

Information systems interface with organizations to collect, process, store, and distribute information to support decision making, coordination, control, analysis, and visualization in an organization.

Question 3

In product-driven projects, the objectives of the project are defined in terms of ___________.
A)functional requirements only.
B)resource and non-functional requirements.
C)functional and quality requirements.
D)resource requirements only.

Accepted Answer

In product-driven projects, the objectives are typically defined in terms of both functional and quality requirements. Functional requirements specify what the product should do, while quality requirements address how well the product performs its functions.

Question 4

__________ is record of how much the organization is willing to spend on the system.
A)resource requirements
B)functional requirements
C)security requirements
D)non functional requirements

Accepted Answer

Resource requirements document how much an organization is willing to allocate in terms of money, personnel, and technology for a system, reflecting the budget and resources planned for it.

Question 5

Projects are __________ by definition and therefore more uncertain than normal undertakings.
A)routine
B)non-routine
C)specific
D)controllable

Accepted Answer

Projects are non-routine by definition, which means they are unique or not a regular occurrence, leading to more uncertainty compared to standard, everyday tasks.

Question 6

The project deliverable is supplied to customers release by release in a scheduled time intervals is referred as
A)agile
B)incremental delivery
C)v-process model
D)spiral model

Accepted Answer

Incremental delivery is the process where the project deliverable is supplied to customers in parts, release by release, at scheduled time intervals. This approach allows for feedback and adjustments as the project progresses.

Question 7

Expand CCTA
A)center combing and technology agent
B)central computer and telecommunications agency
C)center for centralized and technology agent
D)center computer and technical agency

Accepted Answer

The correct expansion of CCTA is "Central Computer and Telecommunications Agency."

Question 8

_________ standards should be in place to ensure that changes to requirements are implemented in a safe and orderly way.
A)change control and configuration management
B)time control and configuration management
C)access control and configuration management
D)quality control and configuration management

Accepted Answer

Change control and configuration management standards are essential for ensuring that changes to requirements are implemented safely and orderly, by managing changes and maintaining the integrity of the system.

Question 9

The organization as part of its monitoring and control policy may have a ________in place which dictates that certain statistics have to be collected at various stages of aproject.
A)measurement programme.
B)system programme.
C)software programme.
D)testing programme.

Accepted Answer

A measurement programme is typically established to dictate the collection of specific statistics at various stages of a project to monitor and control its progress effectively.

Question 10

The products handed over to the clients at the end of projects are called as _____________.
A)software.
B)application program.
C)deliverables.
D)intermediate products.

Accepted Answer

Deliverables are the products or services handed over to the client at the end of a project, encompassing a broad range of outputs, including software, application programs, and other tangible items.

Question 11

The relationship between program design and program specification can be portrayed in _________.
A)data flow diagram
B)product flow diagram
C)network diagram
D)data flow diagram.

Accepted Answer

The answer of The relationship between program design and program...

Question 12

_________ time is the time between start and end of a task.
A)turnaround.
B)elapsed.
C)throughput.
D)pessimistic time.

Accepted Answer

Elapsed time refers to the total time taken from the start to the end of a task, including all processing and waiting times.

Question 13

Project planning is an _________ process.
A)continuous.
B)iterative.
C)time consuming.
D)conventional.

Accepted Answer

Project planning is iterative because it involves revisiting and refining plans as new information and insights are gained throughout the project lifecycle.

Question 14

_______ is a collection of projects that all contribute to the same overall organizational goals.
A)software.
B)task
C)programme.
D)activity

Accepted Answer

A programme is a collection of projects that are managed and coordinated as a group to achieve strategic objectives and benefits.

Question 15

The standard way of evaluating the economic benefits of any projects is to carry out a ________ analysis.
A)price-benefit.
B)cost-benefit.
C)cash flow.
D)fund flow.

Accepted Answer

The standard method for evaluating the economic benefits of projects is to perform a cost-benefit analysis, which compares the costs of a project against the benefits it will bring, to determine its overall value or profitability.

Question 16

The costs that include the salaries and other employment costs of the staff involved in the project development and all associated costs are called____________.
A)operational cost.
B)development cost.
C)setup cost.
D)direct cost.

Accepted Answer

Development cost includes the salaries and other employment costs of the staff involved in the project development and all associated costs.

Question 17

Longer term benefits that are considered very difficult to quantify are called _______ .
A)direct benefits.
B)assessable benefits.
C)indirect benefits.
D)intangible benefits.

Accepted Answer

Intangible benefits are benefits that are not easily quantified or measured, such as improved customer satisfaction, brand recognition, or employee morale. These benefits are often considered in the long term and can be crucial for strategic decision-making, even though they do not have a direct measurable financial impact.

Question 18

____________ will indicate when expenditure and income will take place.
A)cash flow forecast.
B)cost analysis.
C)fund flow.
D)technical forecast.

Accepted Answer

A cash flow forecast is a tool used by businesses to estimate the amount of money that is expected to flow in and out of the business over a specific period. It helps in planning for periods when the business might need additional cash or when it might have surplus cash.

Question 19

_________ is the time taken to break even or pay back the initial investment.
A)back period.
B)payback period.
C)cash back period.
D)rate of return.

Accepted Answer

The payback period is the time it takes for an investment to generate an amount of income or cash equal to the cost of the investment, thus "paying back" the initial investment.

Question 20

The calculation of __________ is a project evaluation technique that takes into account the profitability of a project and the timing of cash flows that are produced.
A)npv.
B)tpv.
C)spv.
D)lpv.

Accepted Answer

Net Present Value (NPV) is a project evaluation technique that considers both the profitability of a project and the timing of the cash flows it generates, discounting future cash flows to their present value.

Quiz 1: Project Management Terminology and Concepts

________ is called as a planned activity.

------------- project interfaces with the organization.

In product-driven projects, the objectives of the project are defined in terms of ___________.

__________ is record of how much the organization is willing to spend on the system.

Projects are __________ by definition and therefore more uncertain than normal undertakings.

The project deliverable is supplied to customers release by release in a scheduled time intervals is referred as

Expand CCTA

_________ standards should be in place to ensure that changes to requirements are implemented in a safe and orderly way.

The organization as part of its monitoring and control policy may have a ________in place which dictates that certain statistics have to be collected at various stages of aproject.

The products handed over to the clients at the end of projects are called as _____________.

The relationship between program design and program specification can be portrayed in _________.

_________ time is the time between start and end of a task.

Project planning is an _________ process.

_______ is a collection of projects that all contribute to the same overall organizational goals.

The standard way of evaluating the economic benefits of any projects is to carry out a ________ analysis.

The costs that include the salaries and other employment costs of the staff involved in the project development and all associated costs are called____________.

Longer term benefits that are considered very difficult to quantify are called _______ .

____________ will indicate when expenditure and income will take place.

_________ is the time taken to break even or pay back the initial investment.

The calculation of __________ is a project evaluation technique that takes into account the profitability of a project and the timing of cash flows that are produced.