Supply Chain Management
Mock Exam
Course Introduction
Supply Chain Management explores the systematic coordination of traditional business functions within an organization and across businesses within the supply chain, focusing on the flow of goods, information, and finances. The course examines the design, planning, execution, control, and monitoring of supply chain activities to create net value, build a competitive infrastructure, leverage worldwide logistics, synchronize supply with demand, and measure performance globally. Emphasis is placed on key topics such as procurement, production, distribution, inventory management, demand forecasting, risk management, and sustainable practices, preparing students to tackle real-world supply chain challenges in various industries.
Recommended Textbook
Project Management Achieving Competitive Advantage 5th Edition by Jeffrey K. Pinto
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14 Chapters
1457 Verified Questions
1457 Flashcards
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Chapter 1: Introduction: Why Project Management
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105 Verified Questions
105 Flashcards
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Sample Questions
Q1) Which of the following employability skills is used to define and solve problems,make decisions,or form judgments related to a particular situation or set of circumstances?
A)Critical thinking
B)Communication
C)Collaboration
D)Data literacy
Answer: A
Q2) Client interest is typically at its lowest during the:
A)Conceptualization phase.
B)Planning phase.
C)Execution phase.
D)Termination phase.
Answer: C
Q3) A spider-web diagram is useful for:
A)Showing company performance on a number of criteria simultaneously.
B)Collecting data on how a competitor manages projects.
C)Identifying industry standards for project management maturity.
D)Coaching,evaluating,and auditing projects.
Answer: A
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Page 3
Chapter 2: The Organizational Context: Strategy, Structure, and Culture
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105 Flashcards
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Sample Questions
Q1) One purpose of a mission statement is to:
A)Establish a sense of what the organization hopes to accomplish.
B)Explain the company's reason for existence.
C)Support the tactical plans of the organization.
D)Explicitly enumerate the projects in the company's portfolio.
Answer: B
Q2) The weather station model performs the invaluable function of:
A)Keeping an eye on project status without influencing the project.
B)Establishing standards for managing projects.
C)Enforcing the adherence to accepted protocols for project management.
D)Improving the current state of project management procedures.
Answer: A
Q3) Which of the following is NOT an element of organizational structure?
A)Well-articulated mission,vision,and value statements
B)Formal reporting relationships
C)Grouping together of individuals into departments
D)Systems designed to ensure effective communication
Answer: A
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Chapter 3: Project Selection and Portfolio Management
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) A project that is exceptionally risky might still be undertaken by a firm if they have several other projects underway that are considered more of a sure thing.This approach to project selection is BEST described by the criterion called:
A)Strategic "fit."
B)Risk.
C)Desire for portfolio balance.
D)Top management pressure.
Answer: C
Q2) The efficient frontier in a profile model is the set of options that offers a maximum return for a given level of risk or a minimum risk for every level of return.
A)True
B)False
Answer: True
Q3) Successful project management firms rely on home runs and narrowly concentrated efforts since specialization creates name recognition and market share. A)True
B)False
Answer: False
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5
Chapter 4: Leadership and the Project Manager
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112 Verified Questions
112 Flashcards
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Sample Questions
Q1) What are the practical steps that organizations can take to begin developing a core of project management professionals?
Q2) Which of these is the more meaningful measure of leadership effectiveness?
A)Subject matter knowledge
B)Emotional intelligence
C)Technical skill
D)Analytical ability
Q3) Which project champion role is least likely to be emphasized in the next project management article you read?
A)Leadership
B)Ambassador
C)Administrative
D)Technical
Q4) A project manager must be able to shift temporal orientation from past,to present,to future.
A)True
B)False
Q5) Give two examples each of traditional and nontraditional project champion duties.Which set of duties is more important? Why?
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Chapter 5: Scope Management
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Sample Questions
Q1) The mountaineers all agreed that their quest to build a bridge between the two peaks of Mount Kilimanjaro was a noble one,but they had no idea how long it would take to complete until they finished their:
A)Project goal criteria.
B)Work breakdown structure.
C)Scope baseline.
D)Management plan.
Q2) Create a 4×4 responsibility assignment matrix as an example and indicate the information gleaned from this tool.
Q3) Which of these scope statement steps creates the all-important bureaucracy for a project?
A)The management plan
B)The work breakdown structure
C)The scope baseline
D)The project goal criteria
Q4) Controls can be established at any point during a project but should follow the maxim "more control is better."
A)True
B)False
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Chapter 6: Project Team Building, Conflict, and Negotiation
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) Your first project team meeting got off to a bad start when the functional manager for your team's physician refused to allow her to attend the meeting.This:
A)Goal-oriented conflict threatened the project's success.
B)Administrative conflict posed a serious threat to the project's success.
C)Interpersonal conflict was devastating to the project's chance for success.
D)Interactionist conflict meant there would be no project completion party in your future.
Q2) What are the steps in assembling a project team? Which is most critical? Why?
Q3) If a functional manager will NOT release the resources you need as project manager,your best course of action is to:
A)Complete the project as best you can and inform management and the client that you predicted this outcome.
B)Use social media to voice your concerns.
C)Notify top management of the consequences.
D)Update your resume.
Q4) Sketch the two-stage model of cross-functional cooperation and describe all of the elements.
Q5) What are the main three reasons why project teams fail?
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Page 8
Chapter 7: Risk Management
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) Each project team member had a backup that could fill in at a moment's notice should another team member fall by the wayside.The project was able to mitigate risks in this fashion thanks to an aggressive:
A)Mentoring program.
B)Cross-training program.
C)Duplication program.
D)Featherbedding program.
Q2) The exposure a firm opens itself to when developing a project that requires a large up-front investment can be classified as:
A)Financial risk.
B)Technical risk.
C)Execution risk.
D)Legal risk.
Q3) A method for conducting risk factor identification that consolidates the judgments of isolated anonymous respondents is:
A)A brainstorming meeting.
B)The Delphi method.
C)Past history.
D)Multiple assessments.
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Page 9
Chapter 8: Cost Estimation and Budgeting
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105 Flashcards
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Sample Questions
Q1) Once most of the design work is complete,at a point when the scope and capabilities of the project are quite well understood,a ________ may be developed.
A)definitive estimate
B)comparative estimate
C)parametric estimate
D)non-parametric estimate
Q2) Provide examples and discuss the differences between direct and indirect costs.
Q3) Workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15,have what total direct labor cost for an 8-hour work day?
A)$151.30
B)$174.00
C)$200.10
D)$236.80
Q4) The project management research in brief titled "Delusion and Deception Taking Place in Large Infrastructure Projects," describes three reasons that cost overruns occur in large infrastructure project work.Briefly describe these three reasons
Q5) What are parametric cost estimates and how are they developed?
Q6) What are function points and how do they work?
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Chapter 9: Project Scheduling: Networks, Duration
Estimation, and Critical Path
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Sample Questions
Q1) Hammock activities allow:
A)Project managers to streamline the linkage and sequencing between activities.
B)Project workers to effectively skip nonessential activities without compromising project quality.
C)The project team to better disaggregate the overall project network into logical summaries.
D)The project manager to identify float more quickly and leverage it more successfully for the overall success of the project.
Q2) Activity float is the difference between the late finish and early finish for the activity in question.
A)True
B)False
Q3) The BEST candidate activities for shortening the overall project are:
A)The shortest tasks.
B)The longest tasks.
C)The merge tasks.
D)The burst tasks.
Q4) Discuss any five approaches to reducing the critical path.Which is the most effective and which is the most difficult to achieve? Why?
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Chapter 10: Project Scheduling: Lagging, Crashing, and Activity Networks
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Sample Questions
Q1) Use the Gantt chart and the activity list to determine which resource is used the least.
\[\begin{array} { | l | l | l | l | }
\hline \text { Activity } & \text { Resources } & \text { Activity } & \text { Resources } \\
\hline \mathrm { A } & 1 & \mathrm { F} & 2 \\
\hline \mathrm { B }& 1 & \mathrm { G } & 3 \\
\hline \mathrm { C } & 4 & \mathrm { H } & 4 \\
\hline \mathrm { D } & 2 & \mathrm {~J} & 3 \\
\hline \mathrm { E } & 2 & K & 5 \\
\hline
\end{array}\]
A)Resource 1
B)Resource 3
C)Resource 4
D)Resource 2
Q2) AON networks have an advantage over AOA networks:
A)If the project under study is complex.
B)Because they don't need dummy activities.
C)In the construction industry because they are the norm.
D)When it is critical to highlight milestones.
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Chapter 11: Advanced Topics in Planning and Scheduling:
Agile and Critical Chain
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Sample Questions
Q1) A product backlog is the final list of what is needed to complete the project.
A)True
B)False
Q2) Which of these numerical (quantity)comparisons is CORRECT?
A)Scrum meeting > Sprint
B)Scrum master > Development team
C)Sprint time box > Project duration
D)Daily scrum duration < Development work duration
Q3) List any three criticisms of critical chain project management and rank them in order from the greatest to smallest threat to universal adoption of CCPM.
Q4) Extreme programming advocates a large development staff,several times the number of programmers than would appear in a traditional software project,since the objective is to deliver the project quickly.
A)True
B)False
Q5) What is the difference between the critical path and the key system constraint?
Q6) What is Agile PM and what makes it ideal for many software development projects?
Q7) What are the formal steps to apply CCPM to multiple project portfolios?
Q8) What is aggregated buffer and how can the appropriate amount be determined? Page 13
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Page 14
Chapter 12: Resource Management
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Sample Questions
Q1) The project described in the table uses the same resource for activities A,B,C,and D.Which activity gets first use of this resource if we assign the resource based on the activity with the lowest activity identification number? \[\begin{array} { | l | l | l | l | }
\hline \text { Dctivity } & \text { Duration } & \text { Predecesser } & \text { WBS ID } \\
\hline \text { W } & 4 & - - & 12 \\
\hline \text { A } & 3 & \text { W } & 16 \\
\hline B & 4 & \text { W } & 15 \\
\hline \mathrm { C } & 5 & \text { W } & 13 \\
\hline \mathrm { D } & 6 & \text { W } & 14 \\
\hline \mathrm { E } & 1 & \mathrm {~B} & 17 \\
\hline \mathrm { Z } & 1 & \mathrm {~A} , \mathrm { E } , \mathrm { C } , \mathrm { D } & 18 \\
\hline
\end{array}\]
A)Activity A
B)Activity B
C)Activity C
D)Activity D
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Chapter 13: Project Evaluation and Control
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107 Flashcards
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Sample Questions
Q1) Which of these tools allows a project team to make future projections of project status based on its current state?
A)Tracking Gantt chart
B)Milestone chart
C)S-curve
D)Budgeting
Q2) In the formation stage,failed projects are more likely to have:
A)Technical limitations.
B)Personal ambition.
C)Clear objectives.
D)Team motivation.
Q3) The earned value divided by the actual,cumulative cost of the work to date is the:
A)Cost performance index.
B)Budgeted cost at completion index.
C)Budget efficiency index.
D)Schedule performance index.
Q4) Identify a different key success driver and inhibitor for the project stages of formation,build-up,main phase,and close-out.
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Page 16
Chapter 14: Project Closeout and Termination
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Sample Questions
Q1) A project that is terminated by extinction must have been completed successfully.
A)True
B)False
Q2) The PFI arrangement in the United Kingdom for projects is an acronym for:
A)Project Failure Insurance.
B)Profiterole Filling Inclusion.
C)Private Finance Initiative.
D)Primary Figure Investment.
Q3) Loss of team identity is:
A)An emotional staff issue.
B)An emotional client issue.
C)An intellectual internal issue.
D)An intellectual external issue.
Q4) Which of these statements about early termination decisions is BEST?
A)The decision to pull the plug is usually clear-cut.
B)A project's viability is usually a purely internal issue.
C)Projects that can fulfill a useful purpose in the marketplace are not killed.
D)External reasons,such as a change in the organization's environment,are often the reasons for project termination.
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