I.

Multiple Choice (20 points)

Select the correct answer by writing the letter of your choice on the answer sheet.

1. What is project management?

a) The ongoing process of managing a business
b) The process of planning, organizing, and executing a project from start to finish
c) A repetitive process that businesses follow daily
d) None of the above
2. A key difference between projects and operations is that:
a) Projects are temporary, while operations are ongoing
b) Operations have a set deliverable, while projects do not
c) Projects are repetitive, while operations are unique
d) Operations are temporary, while projects are ongoing
3. Which of the following is NOT one of the key differences between projects and
operations?
a) Temporary vs. Ongoing
b) Unique vs. Repetitive
c) Budget vs. Resources
d) Scope vs. Continuity
4. What is a primary responsibility of a project manager?
a) Managing daily business operations
b) Assigning work to team members and mitigating risks
c) Ignoring project budgets and schedules
d) Ensuring only part of the project scope is completed
5. What is the first phase of the project life cycle?
a) Planning
b) Execution
c) Initiation
d) Closing
6. Which phase of the project life cycle involves creating a detailed project plan?
a) Execution
b) Monitoring and Controlling
c) Planning
d) Initiation
7. What is the final phase of the project life cycle?
a) Execution
b) Closing
c) Monitoring and Controlling
d) Planning
8. What does project scope define?
a) The complete set of work required to complete a project
b) The project's objectives and why it is being undertaken
c) The budget and financial aspects of the project
d) The number of people assigned to the project
9. What is a Work Breakdown Structure (WBS)?
a) A chart showing employee salaries
b) A tool that integrates scope, cost, and schedule baselines
c) A method for hiring new employees
d) A financial report used in cost management
10. What is "scope creep"?
a) A situation where project scope remains unchanged
b) A process of carefully managing project changes
c) The uncontrolled expansion of project scope beyond its original objectives
d) A cost estimation technique
11. What is the purpose of change management?
a) To eliminate all project changes
b) To manage and document changes in a project
c) To reduce the project scope
d) To increase project costs
12. Which of the following tools is commonly used in project scheduling?
a) SWOT Analysis
b) Gantt Chart
c) Balanced Scorecard
d) Fishbone Diagram
13. The Critical Path Method (CPM) is used to:
a) Determine the shortest time to complete a project
b) Assign employee salaries
c) Eliminate project risks
d) Reduce project costs
14. Which of the following is NOT a time estimation technique?
a) Parametric estimation
b) Bottom-up estimation
c) SWOT analysis
d) Analogous estimation
15. What is the purpose of cost control in project management?
a) To ignore budget constraints
b) To monitor and manage expenses within the project budget
c) To reduce team communication
d) To increase project risks
16. What does a detailed project budget typically include?
a) Labor, materials, equipment, and overhead costs
b) Only employee salaries
c) A general estimate with no cost breakdown
d) A list of project risks
17. What is a key benefit of effective time management?
a) Increased stress and reduced productivity
b) Missing deadlines more frequently
c) Completing responsibilities on time and reducing stress
d) Ignoring project timelines
 18. Which cost estimation technique relies on using data from previous projects?
a) Bottom-up estimating
b) Analogous estimating
c) Three-point estimating
d) Parametric estimating
19. The process of actively monitoring, analyzing, and managing all financial aspects of a
project is known as:
a) Project Time Management
b) Cost Control and Financial Management
c) Project Execution
d) Change Management
20. The Program Evaluation and Review Technique (PERT) is primarily used for:
a) Managing team performance
b) Estimating project duration and identifying task dependencies
c) Creating financial reports
d) Assigning employee roles

II. Enumeration (10 points)

Write your answers clearly.

A. List five key differences between projects and operations.

1.

2.

3.

4.

5.

III. True or False (20 points)

Write "T" if the statement is true and "F" if it is false.

1. ____ Projects are temporary, while operations are ongoing.

2. ____ A project manager is responsible for defining project scope and managing
resources.
3. ____ The execution phase involves monitoring project progress and controlling
deviations.
4. ____ Scope creep is beneficial for all projects.
5. ____ The Work Breakdown Structure (WBS) helps integrate scope, cost, and schedule.
6. ____ Gantt charts are commonly used for project scheduling.
7. ____ The critical path method helps identify the shortest path to project completion.
8. ____ Cost estimation only considers material costs.
9. ____ Expert judgment is a valid cost estimation technique.
10. ____ The closing phase is where the project is finalized and deliverables are submitted.
11. ____ Change management helps control and document project changes.
12. ____ Time estimation techniques include bottom-up and analogous estimation.
13. ____ Effective time management leads to missed deadlines.
14. ____ Cost control ensures expenses stay within the project budget.
15. ____ The planning phase is where tasks and resource allocation are defined.
16. ____ Financial management is not necessary for project success.
17. ____ Monitoring and controlling help ensure a project stays on track.
18. ____ The project scope outlines all tasks, deliverables, and timelines.
19. ____ PERT is used for estimating project duration.
20. ____ A well-managed project balances scope, time, and cost.