CMQ-OE

CMQ-OE practice questions, page 13 of 29, with answer review and explanations.

Question 61

Which of the following elements would be expected to be included in a good project plan? I: Cost–benefit analysis - II: Timetable for completion - III: Description of required resources IV: Statement of project deliverables

  1. I and II only
  2. II and III only
  3. I, III, and IV only
  4. I, II, III, and IV

Question 62

Which of the following is not an advantage of a formal project report?

  1. They generally address a specific issue.
  2. They are suitable for long-term retention.
  3. They usually include additional background information.
  4. They are useful to individuals not closely involved with the project.

Question 63

The most critical use for project portfolio analysis is to:

  1. Compare the net value of a new project relative to continuing previously approved projects
  2. Determine the best time to start a new project
  3. Assess the feasibility of starting a new project relative to the resources being allocated to existing projects as well as assessing the strategic fit of the new project
  4. Make room for a new project by canceling or postponing an existing project that will not produce as high an ROI as the new project

Question 64

Given a four-week project involving 22 tasks, a budget of $22,000, and a part-time team (project manager and two analysts), which project management tool will most likely be used to display project progress to management?

  1. Work breakdown structure
  2. Network diagram
  3. Budget variance report
  4. Gantt/milestone chart

Question 65

The mission statement for a quality function would best focus on:

  1. Reducing defects.
  2. Assessing the performance of production workers.
  3. Companywide and departmental activities that collectively result in product and/or service quality.
  4. Leading small teams that break down barriers and reach higher organizational goals.