AIMA Solved Assignments for OM03
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Subject Code: OM03
Subject Name: PROJECT MANAGEMENT
Component name: ASSIGNMENT 1
Question 1:- The triple constraints of Project Management are time, cost and __________
a) Quality
b) Scope
c) Both a & b
d) None of the above
Question 2:- People involved in or affected by project activities are the _________
a) stake holder
b) sponsor
c) Project Manager
d) None of the above
Question 3:- A _____________ is a product or service produced or provided as part of a project.
a) deliverable
b) idea
c) concept
d) None of the above
Question 4:- PMBOK® Guide has ______ knowledge areas.
a) 7
b) 8
c) 9
d) 10
Question 5:- Working with stakeholders to create the document that formally authorizes a project is called__________
a) Work Breakdown Structure
b) Scope Statement
c) Project Charter
d) None of the above
Question 6:- _____________________analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time
a) Net present value
b) Internal Rate of Return
c) Payback Analysis
d) Break Even Analysis
Question 7:- Internal rate of return (IRR) can by calculated by setting the NPV to
a) Minimum
b) Maximum
c) Both a & b
d) None of the above
Question 8:- The ______________is the amount of time it will take to recoup, in the form of net cash inflows, the total money invested in a project.
a) Return on Investment
b) Payback period
c) Break Even
d) None of the above
Question 9:- ___________ refers to all the work involved in creating the products of the project and the processes used to create them.
a) Deliverable
b) Scope
c) WBS
d) None of the above
Question 10:- A ________ is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.
a) Deliverable
b) Scope
c) WBS
d) None of the above
Question 11:- A WBS ___________is a document that describes detailed information about each WBS item.
a) Dictionary
b) Statement
c) Both a & b
d) None of the above
Question 12:- _____________ provide a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a calendar format.
a) Network Diagram
b) Gantt charts
c) Project Charter
d) None of the above
Question 13:- The _____________ is the shortest time taken to complete an activity
a) Optimistic Time
b) Pessimistic Time
c) Most Likely Time
d) None of the above
Question 14:- The ____________ of an activity is the amount of time available by which it is possible to delay its completion time without extending the overall project completion time.
a) Float
b) Slack
c) Both a & b
d) None of the above
Question 15:- An _________ represents an action and consumption of resources required to complete a portion of a project.
a) Event
b) Activity
c) Process
d) None of the above
Question 16:- optimistic time= 4 days, most likely time = 6 days and pessimistic time = 8 days find the standard deviation
a) 0.444
b) 0.555
c) 0.666
d) 0.777
Question 17:- optimistic time= 8 days, most likely time = 10 days and pessimistic time = 24 days find the mean time
a) 10
b) 11
c) 12
d) 13
Question 18:- When one or more activities end simultaneously at an event, the event is called__________
a) Merge Event
b) Burst Event
c) Tail Event
d) Head Event
Question 19:- Critical Path is the __________ path of a network.
a) Shortest
b) Longest
c) Multiple
d) Single
Question 20:- A dependency or relationship relates to the ___________ of project activities or tasks.
a) sequencing
b) Scheduling
c) Assigning
d) All of the above
Subject Code: OM03
Subject Name: PROJECT MANAGEMENT
Component name: ASSIGNMENT 2
Question 1:- The payback period model fails to consider
a) Any cashflows generated by the project
b) Any cashflows generated during the project’s execution
c) Any cashflows generated after the project’s execution has been completed
d) Any cashflows beyond those required to recover the initial project investment
Question 2:- If the NPV for a project is > 0, it indicates that the project will
a) Report a profit loss
b) Report a profit gain
c) Cover its hurdle rate
d) Fail to cover its hurdle rate
Question 3:- The IRR of a project is a discount rate which makes_____________ equal to zero.
a) BCR
b) PV
c) NPV
d) CRR
Question 4:- ________ is a resource sacrificed or foregone to achieve a specific objective, or something given up in exchange.
a) Raw Material
b) Cost
c) Human Resource
d) All of the above
Question 5:- Allocating the overall cost estimate to individual work items to establish a baseline for measuring performance
a) Cost estimating
b) Cost budgeting
c) Cost control
d) None of the above
Question 6:- ___________determines the estimated annual costs and benefits for a project and the resulting annual cash flow.
a) Profits
b) Life cycle costing
c) Cash flow analysis
d) None of the above
Question 7:- ________is money that has been spent in the past; when deciding what projects to invest in or continue
a) Sunk cost
b) Indirect costs
c) Intangible costs
d) All of the above
Question 8:- _____________________ allow for future situations that may be partially planned for (sometimes called known unknowns) and are included in the project cost baseline
a) Project Reserve
b) Management reserves
c) Contingency reserves
d) None of the above
Question 9:- COCOMO stands for
a) Conservative Cost Model
b) Constructive Cost Model
c) Continuous Cost Model
d) None of the above
Question 10:- The ____________, formerly called the budgeted cost of work scheduled (BCWS), also called the budget, is that portion of the approved total cost estimate planned to be spent on an activity during a given period.
a) Planned value (PV)
b) Actual cost (AC)
c) The earned value (EV)
d) Rate of performance (RP)
Question 11:- Cost performance Index(CPI) is calculated by
a) EV/AC
b) AC/EV
c) EV/PV
d) PV/EV
Question 12:- Scheduled performance Index(SPI) is calculated by
a) EV/AC
b) AC/EV
c) EV/PV
d) PV/EV
Question 13:- A CPI or SPI that is less than _________ percent indicates problems.
a) 70
b) 80
c) 90
d) 100
Question 14:- A ____________________ is a matrix that maps the work of the project, as described in the WBS
a) responsibility assignment matrix
b) resource assignment matrix
c) responsibility alignment matrix
d) None of the above
Question 15:- It is a method in forecasting which involves soliciting the opinion of group of managers on expected future sales.
a) Delphi Method
b) Casual Methods
c) Jury of executive method
d) End Use Method
Question 16:- How much will $5,000 to be received in 10 years be worth today if the interest rate is 7%?
a) $1,541.50
b) $2,041.50
c) $2,541.50
d) $3,041.50
Question 17:- Central to the success of any company is the investment decision, also known as the
a) Means of Finance
b) Cost of capital
c) Project Financing
d) Capital Budgeting
Question 18:- __________is the time period it takes for the cash flows generated by the project to recover the initial investment in the project.
a) NPV
b) IRR
c) Payback
d) Benefit-Cost Ratio
Question 19:- When we say a firm has a “cost of capital” of, for example, 12%, we are saying
a) The firm can only have a positive NPV on a project if return exceeds 12%
b) The firm must earn 12% just to compensate investors for the use of their capital in a project c) The use of capital in a project must earn 12% or more, not that it will necessarily cost 12% to borrow funds for the project
d) All of the above
Question 20:- If a firm uses both debt and equity financing, the cost of capital must include the cost of each, weighted to proportion of each (debt and equity) in the firm’s capital structure This is called the
a) Cost of Equity
b) Weighted Average Cost of Capital
c) Cost of Debt
d) Cost of Capital