Management Science
Pre-Test Questions
Course Introduction
Management Science is an interdisciplinary field that applies analytical methods and quantitative techniques to decision-making processes in organizations. The course covers a range of topics including linear programming, simulation, decision analysis, and forecasting, enabling students to solve complex management problems and optimize operations. Emphasis is placed on the use of mathematical models, computational tools, and practical case studies to develop effective strategies in areas such as resource allocation, scheduling, and supply chain management. By integrating theory with real-world applications, Management Science equips students with the skills needed to tackle organizational challenges and improve overall performance.
Recommended Textbook
Project Management A Managerial Approach 10th Edition by Jack R. Meredith
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13 Chapters
683 Verified Questions
683 Flashcards
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Chapter 1: Projects in Contemporary Organizations
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46 Verified Questions
46 Flashcards
Source URL: https://quizplus.com/quiz/48288
Sample Questions
Q1) When done properly,project management begins with __________.
A)stakeholder interviews
B)scope definition
C)the initial concept for the project
D)budget estimation
Answer: C
Q2) The conventional project life cycle can be described as a pattern characterized by
A)parabolic progress
B)logarithmic progress
C)slow-rapid-slow progress
D)extremely slow progress
Answer: C
Q3) In a conventional project life cycle,as work progresses,uncertainty about the expected outcome should __________.
A)become a constant
B)decrease
C)increase
D)be fully removed
Answer: B
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Chapter 2: Strategic Management and Project Selection
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45 Verified Questions
45 Flashcards
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Sample Questions
Q1) The underlying premise of the real options approach is that __________.
A)delaying an investment may lead to greater returns or may lead to elimination of marginal projects
B)rushing into an investment more quickly may lead to lower returns or may lead to elimination of marginal projects
C)delaying an investment may lead to increased costs due to delays
D)rushing into an investment more quickly may lead to less risk
Answer: A
Q2) Wheelwright identified four separate categories of projects.Which of the following are not one of those categories?
A)Sacred cow projects
B)Platform projects
C)Breakthrough projects
D)R&D projects
Answer: A
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Chapter 3: The Project Manager
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55 Verified Questions
55 Flashcards
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Sample Questions
Q1) __________ result(s)when the demands made on an individual are greater than the person's ability to cope with them,particularly when the person has a high need for achievement.
A)Stress
B)Culture
C)Balance
D)Contingency plans
Answer: A
Q2) During the __________ stage of the project lifecycle,there is no significant difference in the importance that project managers place on the three goals of cost,time,and scope.
A)main
B)formation
C)buildup
D)phaseout
Answer: B
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Chapter 4: Managing Conflict and the Art of Negotiation
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53 Verified Questions
53 Flashcards
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Sample Questions
Q1) List and describe the three basic causes for change in projects.
Q2) Thomas and Kilmann identified five strategies people use to deal with conflict.List and briefly describe these.
Q3) Partnering is an attempt to __________ the risk associated with subcontracting.
A)mitigate
B)increase
C)absorb
D)allow
Q4) Identify three basic causes for change in projects.
Q5) Which of the following is not one of the four points of principled negotiation?
A)Insist on using objective criteria
B)Focus on interest not positions
C)Invent options for mutual gain before trying to reach an agreement
D)Separate people from the problem
Q6) The boundaries between departments or functions represent __________.
A)interfaces
B)challenges
C)Pareto locations
D)risk mitigation
Q7) Describe the four points of principled negotiation described by Fisher.
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Chapter 5: The Project in the Organizational Structure
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61 Verified Questions
61 Flashcards
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Sample Questions
Q1) Explain how a company can go about implementing a PMO.
Q2) Identify the statement that is not a major advantage of placing a project within the pure project organization.
A)The functional manager retains full line authority over project team members.
B)The lines of communication are shortened in regards to the project's resources.
C)Centralized authority tends to increase the speed of decision-making.
D)A holistic approach to performing the project is supported.
Q3) In which organizational structure does the project manager have the highest level of authority?
A)Functional
B)Weak matrix
C)Strong matrix
D)Projectized
Q4) Project priorities are more of a concern in the __________ stages of the project life cycle.
A)earlier
B)later
C)middle
D)final
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Chapter 6: Activity Planning: Traditional and Agile
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44 Verified Questions
44 Flashcards
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Sample Questions
Q1) Once the project charter is completed and the project approved,a more detailed project plan can be developed.Which of the following issues is not addressed in the detailed project plan?
A)Developing a plan for managing the human resources assigned to the project
B)Developing a plan for continuously monitoring and improving project work processes
C)Developing the Work Breakdown Structure
D)Developing a list of skilled workers to hire
Q2) During initial project planning,activities are identified and sorted.In completing this process,each level in the hierarchy should limit the number of activities to a range between __________.
A)5 to 10 activities
B)0 to 5 activities
C)2 to 20 activities
D)10 to 20 activities
Q3) The __________ chart is a tree diagram used to represent a hierarchical plan.
A)PERT
B)GANTT
C)PMBOK
D)Gozinto
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Chapter 7: Budgeting and Risk Management
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55 Verified Questions
55 Flashcards
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Sample Questions
Q1) If a project budget is over funded,it will often __________.
A)produce waste
B)encourage slack management
C)improve morale
D)produce waste and encourage slack management
Q2) The budget process generally begins when the top management invites each division to submit a__________ for the upcoming year.
A)budget request
B)predictive budget
C)budget estimate
D)predictive request
Q3) Suppose that a person requires eight hours to complete a work element on the first attempt.That person has a learning rate of 90 percent for this work element.This person should require __________ hours to complete this work element on the fourth attempt.
A)5.83
B)6.48
C)7.2
D)8.8
Q4) Identify some of the common problems faced by the project budgeter.
Page 9
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Chapter 8: Scheduling
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56 Verified Questions
56 Flashcards
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Sample Questions
Q1) Task H has duration of 5 days,an early start of 25 days,an early finish of 30 days,a late start of 25 days,and a late finish of 30 days.There are __________ days of slack for task H.
A)0
B)5
C)10
D)20
Q2) With simulation,the model is repeated many times and the model's output for each repetition is used to construct a statistical distribution of all the outcomes.This shows the _____ of the decision
A)risk profile
B)critical path
C)maximum completion time
D)average completion time
Q3) The variance of a population is a measure of the population's __________.
A)dispersion
B)proportion
C)uniqueness
D)skewness
Q4) Explain the difference between total slack and free slack in a network.
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Chapter 9: Resource Allocation
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53 Verified Questions
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Sample Questions
Q1) __________ are tasks that logically follow a particular task in time.
A)Successor
B)Strays
C)Predecessors
D)Critical
Q2) If the crash cost is $2,500,the normal cost is $1,500,the crash time is 4,and the normal time is 6,what is the slope?
A)-1,500
B)-1,000
C)-750
D)-500
Q3) When crashing a project,our first task is to develop __________.
A)a table or graph of the cost of a project as a function of the project's possible completion dates
B)a schedule that shows the risks associated with each activity in the project
C)a list that shows the activities and the events of a project without referring to the costs
D)a table showing the noncritical activities and the cost associated with each of those activities
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11
Chapter 10: Monitoring and Information Systems
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Sample Questions
Q1) If EV = $500,AC = $475,PV = $450; SV = ________.
A)$50
B)$25
C)90%
D)95%
Q2) If CPI = 1.05,then __________ is favorable.
A)time variance
B)schedule variance
C)cost variance
D)performance variance
Q3) Vague or incomplete project requirements are an example of which telltale sign that a project is in trouble?
A)Muddy waters
B)Mysterious stakeholders
C)Unconstrained constraints
D)Scope creep
Q4) List and describe five telltale signs of project trouble it is wise to monitor.
Q5) Identify the main complaints associated with meetings.
Q6) Identify some of the benefits when timely reports are delivered to the proper people by the project management information system.
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Chapter 11: Project Control
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48 Verified Questions
48 Flashcards
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Sample Questions
Q1) __________ are seen as much the same as a report card.
A)Postcontrols
B)WBSs
C)Critical ratios
D)Cybernetics
Q2) Project changes result from three basic causes.Which of the following is not one of those causes?
A)Uncertainty about the technology on which the work of the project or its output is based
B)An increase in the knowledge base or sophistication of the client / user leading to scope creep
C)Changes to the environment in which the project is being completed
D)A modification of the rules applying to the process of carrying out the project or to its output
Q3) The stewardship of human resources requires __________ the growth and development of people.
A)flattening
B)demolition
C)controlling and maintaining
D)mandating
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Chapter 12: Project Auditing
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63 Verified Questions
63 Flashcards
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Sample Questions
Q1) Managerial audits look at __________ and their use.
A)managerial systems
B)subordinate systems
C)manual systems
D)ethical policies
Q2) Match the following project stages with the associated value of a project audit.
A)Initiation
B)Baseline schedule
C)Implementation
D)Preliminary plan / schedule budget
1)Less useful,plan frozen,flexibility of team limited
2)More or less useful,depending on importance of project methodology to successful implementation
3)Very useful,particularly for setting measurement standards to ensure conformance with standards
4)Significant value if audit takes place early-prior to 25 percent completion of initial planning stage
Q3) List and describe the points that should be contained in the formal report of a project audit.
Q4) Discuss the differences between a project audit and a financial audit.
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Chapter 13: Project Closure and Benefits Realization
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51 Verified Questions
51 Flashcards
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Sample Questions
Q1) During the implementation of project closure,the closure manager should ensure that __________.
A)delivery and implementation of project results were accomplished regardless of closure method
B)formal acceptance of the project is obtained from the project team
C)formal acceptance of the project is acknowledged by the client
D)the project's documentation is shredded
Q2) Cutting a project's budget sufficiently to stop progress without actually killing the project is referred to as __________.
A)closure by addition
B)closure by extinction
C)closure by starvation
D)closure by subtraction
Q3) The four types of project closures are __________.
A)extinction,addition,integration,and aggravation
B)extinction,addition,integration,and starvation
C)extinction,inclination,integration,and starvation
D)extinction,addition,implementation,and starvation
Q4) Describe the subjects that should be addressed in the final report.
Q5) Briefly describe the four fundamentally different ways to close out a project.
Page 15
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