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Event Management Exam Questions - 1421 Verified Questions

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Event Management Exam Questions

Course Introduction

Event Management is a comprehensive course that explores the principles and practices involved in planning, organizing, and executing various types of events, such as conferences, festivals, corporate gatherings, and social celebrations. Students will learn about event conceptualization, budgeting, marketing, risk assessment, logistics, and stakeholder coordination. Through theoretical study and practical projects, the course equips students with essential skills in leadership, teamwork, communication, and problem-solving, preparing them to manage successful events in dynamic and diverse environments.

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Project Management Achieving Competitive Advantage 4th Edition by Jeffrey K. Pinto

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14 Chapters

1421 Verified Questions

1421 Flashcards

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Chapter 1: Introduction: Why Project Management?

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Sample Questions

Q1) One model of project success offered in the chapter looks beyond the current project into the future.Comment on the elements of this model and their impact along the timeline from project completion to well beyond this point in time.

Answer: This framework was proposed by Shenhar,Levy,and Dvir and contains in chronological order,the elements of project efficiency,impact on the customer,business success,and preparing for the future.The immediate measure of success is efficiency,that is,have the project budget and schedule been achieved? More important,have the customer needs,technical specifications been met? Next,has the project achieved the commercial success that was hoped for? Finally,has the project opened new markets or new product lines,helped develop new technologies,or developed new skills for the organization?

Q2) Project members may be from:

A) Different departments.

B) Other organizational units.

C) One functional area.

D) All of the above.

Answer: D

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Chapter 2: The Organizational Context:

Strategy,Structure,and Culture

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Sample Questions

Q1) Creating action plans to address the needs of various stakeholder groups is part of the ________ step of Block's framework for stakeholder management.

A) define the problem

B) test and refine the solutions

C) develop solutions

D) identify the goals of the principal actors

Answer: C

Q2) The Larson and Gobeli study that compared projects that had been managed in a variety of structural types revealed that both new product development and construction projects tended to be least effectively executed when the organizational structure was a:

A) Project matrix.

B) Project organization.

C) Balanced matrix.

D) Functional organization.

Answer: D

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Page 4

Chapter 3: Project Selection and Portfolio Management

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Sample Questions

Q1) Realignment describes:

A) The change in a project portfolio with an addition of a new project.

B) The shifting of project resources from one to another.

C) The change in strategy for a firm.

D) The annual recasting of all project managers.

Answer: A

Q2) Personnel costs comprise one of the highest sources of project expense.

A)True

B)False

Answer: True

Q3) Internal rate of return is preferable to net present value because IRR employs a weighted average cost of capital discount rate that reflects potential reinvestment.

A)True

B)False

Answer: False

Q4) Choose any example from recent news media and explain why their project failed. Answer: Examples will vary and may include product launches,public programs,building projects,or any number of other projects.

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Chapter 4: Leadership and the Project Manager

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Sample Questions

Q1) In a partnership,each member of the project team is responsible for the project's outcomes and the current situation,whether it is positive or shows evidence of project problems.The term that BEST describes this responsibility is:

A) Exchange of purpose.

B) A right to say no.

C) Joint accountability.

D) Absolute honesty.

Q2) Which statement regarding the duties of leaders and managers is BEST?

A) Leaders embrace change while managers support the status quo.

B) Management is more about interpersonal relationships than leadership is.

C) Leaders aim for efficiency.

D) Managers aim for effectiveness.

Q3) What are any three types of project champions and how are they different?

Q4) Which personality trait is a poor match for project work?

A) Introverted

B) Outgoing

C) Gregarious

D) People-oriented

Q5) What are any four key differences between managers and leaders?

Q6) What can a project manager do to motivate project team members?

Page 6

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Chapter 5: Scope Management

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Sample Questions

Q1) Project team members can identify who should be notified of task completion status by checking the:

A) Control account.

B) Linear responsibility chart.

C) Statement of work.

D) Monthly joint review report.

Q2) The statement of work is a detailed narrative description of the work required for a project.

A)True

B)False

Q3) In the case of projects developed for external clients,work authorization typically addresses:

A) Budget linkage.

B) Audit trail establishment.

C) Resource requirements.

D) Contractual obligations.

Q4) What takes place at the project closeout step?

Q5) Rank the key steps in information development from most to least important and justify your rankings.

Q6) What is configuration management and why is it important?

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Chapter 6: Project Team Building,Conflict,and Negotiation

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Sample Questions

Q1) During the two hours before their 7:30 p.m.appointments on Wednesday evenings,the operations team had a weekly gripe session during which everyone gleefully unloaded on the powers that controlled their miserable lives.This session was valuable since it:

A) Allowed them to feel like real men, if only for a little while.

B) Rewarded good behavior.

C) Established a sense of security and consistency.

D) Created a clear process for addressing conflict and group norms.

Q2) Cross-functional cooperation directly influences both the actual implementation of the project and the team members' assessment that the project experience was worthwhile.

A)True

B)False

Q3) One of the BEST methods for ensuring that a negotiation proceeds along substantive lines is to frame the discussion around:

A) Subjective criteria.

B) Broadening options.

C) Negative brainstorming.

D) Objective criteria.

Q4) What are the characteristics of effective project teams?

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Chapter 7: Risk Management

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Sample Questions

Q1) Risk management is a:

A) Three-stage process.

B) Four-stage process.

C) Five-stage process.

D) Six-stage process.

Q2) Project risk is lowest during the:

A) Concept stage of the project life cycle.

B) Implementation stage of the project life cycle.

C) Termination stage of the project life cycle.

D) Development stage of the project life cycle.

Q3) The Farm Fresh Egg project was too great for one person to pull off.The construction costs for the coop and chicken run were enormous and the sinister threat of avian flu hung over the area like a black cloud.It was only through the combined efforts of Matsushita Chickenworks and the City of Edmond that the project would be undertaken,since they would be able to:

A) Accept the risk.

B) Minimize the risk.

C) Transfer the risk.

D) Share the risk.

Q4) What is the PRAM methodology and what are its salient features?

Page 9

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Chapter 8: Cost Estimation and Budgeting

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Sample Questions

Q1) Project cost estimates usually anticipate that resources will be available,that the weather will not be extreme,and that funding will materialize,creating what are called:

A) Hyperactivity.

B) Standard operating procedures.

C) Standard duress.

D) Normal conditions.

Q2) A time-phased budget allocates costs across both project activities and the anticipated time in which the budget is to be expended.

A)True

B)False

Q3) Material is an example of a cost that is recurring,variable and direct.

A)True

B)False

Q4) A normal cost is incurred when:

A) Overtime is used more than originally planned.

B) Shipments are expedited.

C) Additional temporary workers are brought on site.

D) The aggressive baseline plan is adhered to.

Q5) What are parametric cost estimates and how are they developed?

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Chapter 9: Project Scheduling: Networks,Duration

Estimation,and Critical Path

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Sample Questions

Q1) Use the values in the table to calculate activity durations and variances for the project.What is the likelihood of finishing this project within 47 days? \[\begin{array} { | l | l | l | l | l | }

\hline \text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Likely } & \text { Pessimistic } \\

\hline \text { A } & - & 5 & 8 & 11 \\

\hline \text { B } & \text { A } & 15 & 20 & 25 \\

\hline \text { D } & \text { A } & 7 & 9 & 12 \\

\hline \text { D } & \text { A } & 12 & 16 & 20 \\

\hline \text { F } & \text { B, D } & 8 & 11 & 15 \\

\hline \text { G } & \text { C } & 13 & 17 & 22 \\

\hline \end{array}\]

Q2) Network logic suggests that:

A) Activity D can start any time.

B) Activity A must be complete before Activity B can be done.

C) Activities A, B and C must be complete before Activity D can be done.

D) Activity C must begin before Activity B begins.

Q3) What are hammock activities and when should they be used?

Page 11

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Chapter 10: Project Scheduling: Lagging, Crashing, and Activity Networks

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Sample Questions

Q1) Given the cost information in the table,what is the cheapest activity to crash on a per week basis? \[\begin{array} { | l | l | l | l | l | }

\hline \text { Activity } & \text { Normal Time } & \text { Normal Cost } & \text { Crash Time } & \text { Crash Cost } \\

\hline \text { A } & 8 & \$ 1,000 & 5 & \$ 6,000 \\

\hline \text { B } & 6 & 2,000 & 4 & 6,000 \\

\hline \text { D } & 9 & 2,500 & 6 & 8,000 \\

\hline & 12 & 4,000 & 8 & 10,000 \\

\hline

\end{array}\]

A) Activity A

B) Activity B

C) Activity C

D) Activity D

Q2) Gantt charts can display early start or late start logic.

A)True

B)False

Q3) What are the three principal methods for accelerating a project and under what circumstances might these methods yield little gain?

Page 12

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Chapter 11: Advanced Topics in Planning and Scheduling:

Agile and Critical Chain

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Sample Questions

Q1) Which of the following statements about CCPM activity networks is CORRECT?

A) Project workers are more likely to meet a deadline for their activity than miss it.

B) There are no milestones in the CCPM activity network.

C) Project workers are more likely to miss a deadline for their activity than meet it.

D) There is no project delivery deadline in the CCPM activity network.

Q2) A system-wide constraint is called a:

A) Rope.

B) Resource.

C) Drum.

D) Chain.

Q3) What takes place in the Scrum process?

Q4) All of these happen during the sprint phase EXCEPT:

A) Technical issues are forwarded to the product owner.

B) Scope clarification.

C) Sprint goal modification.

D) Scope renegotiation.

Q5) What is the difference between the critical path and the key system constraint?

Page 13

Q6) Compose a haiku using three or more of the key terms in Agile PM.

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Chapter 12: Resource Management

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Sample Questions

Q1) The idea behind resource leveling is to avoid huge swings in utilization of labor and equipment.

A)True

B)False

Q2) It's resource leveling time at Satriale's Pork Store and management is pondering four possibilities for task splitting.Which of these activities would be the worst candidate for splitting?

A) Silvio's task, which requires several workers

B) Paulie's task, which is the most expensive

C) Richie's task, which has high start up costs

D) Ralph's task, which is the least expensiv

Q3) The Minimum Late Finish Time rule stipulates that:

A) The earliest late finishers are scheduled last.

B) The latest early finishers are scheduled first.

C) The earliest late finishers are scheduled first.

D) The latest late finishers are scheduled first.

Q4) What are the three types of constraints that projects face; provide examples and suggest ways to address these constraints?

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Page 14

Chapter 13: Project Evaluation and Control

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Sample Questions

Q1) Use this earned schedule table to determine the schedule performance index (t)for this project at the end of Month 6. \(\begin{array}{|l|l|l|l|l|l|l|l} & \text { Month } 1 & \text { Month } 2 & \text { Month } 3 & \text { Month 4 } & \text { Month } 5 & \text { Month } 6 & \text { Month } 7 \\

\hline \mathbb{P V}(\$) & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \\

\hline \text { EV (\$) } & \$ 50 & \$ 120 & \$ 255 & \$ 420 & \$ 715 & \$ 865 & \$ 0 \\ \hline \end{array}\)

A) 0.71

B) 0.54

C) 0.38

D) 0.21

Q2) Once an activity is begun,it is assumed to be half done under the:

A) "Once begun, half done" rule.

B) Minimal effort rule.

C) Midway rule.

D) 50/50 rule.

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Chapter 14: Project Closeout and Termination

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Sample Questions

Q1) The final project report should answer questions related to project performance,such as:

A) How the organization's operating structure either helped or hindered the project team and their efforts.

B) How the project fared compared to baseline schedule and budget.

C) How consistently the organization estimated the completion time for activities.

D) How close the project came to achieving its goals.

Q2) Which statement about project closeout activities is BEST?

A) Closeout activities are usually given a high priority.

B) Getting the project signed off discourages other closeout activities.

C) Because all projects are unique, the actual carryover from project to project is minimal.

D) Closeout activities are impossible to ignore.

Q3) The rapid evolution of technology and the need to freeze a project's scope can combine to render a project:

A) Too costly to complete.

B) Obsolete before it can be finished.

C) A poor fit with current company strategy.

D) So complex that it will take too long to complete.

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