BUS521
Operations & Project Management
Midterms Exam Review (Qns & Ans)
2025
1. Which project management methodology focuses on iterative
development and collaboration?
- A. Waterfall
- B. Agile
- C. Six Sigma
- D. PRINCE2
ANS: B
Rationale: Agile emphasizes iterative development,
teamwork, and flexibility to adapt to changing requirements.
©2025
,2. The primary goal of critical path analysis in project
management is to:
- A. Identify all non-critical activities in a project
- B. Determine the longest sequence of dependent tasks
- C. Reduce resource usage
- D. Increase project profitability
ANS: B
Rationale: The critical path represents the longest sequence
of tasks that dictates the project's shortest possible duration.
3. Which of the following is a key principle of Lean operations?
- A. Maximizing inventory levels
- B. Eliminating waste in processes
- C. Prioritizing customer complaints
- D. Introducing complex workflows
ANS: B
Rationale: Lean operations focus on waste elimination to
improve efficiency and add customer value.
4. In project management, the process of identifying risks and
planning responses falls under which knowledge area?
©2025
, - A. Project Time Management
- B. Project Risk Management
- C. Project Scope Management
- D. Project Communication Management
ANS: B
Rationale: Project Risk Management includes identifying
risks, assessing their impact, and developing mitigation strategies.
5. What is the primary purpose of a Work Breakdown Structure
(WBS)?
- A. Assigning team roles
- B. Breaking projects into manageable components
- C. Scheduling project milestones
- D. Estimating costs
ANS: B
Rationale: The WBS is used to decompose projects into
smaller, manageable tasks for effective planning and control.
---
Fill-in-the-Blank Questions
©2025
, 6. In project management, the _____________ is the document
that formally authorizes the start of a project.
ANS: Project charter
Rationale: A project charter outlines objectives, stakeholders,
and high-level requirements, providing formal authorization.
7. ________ is a visual tool in Lean operations that helps
monitor workflow and limits work in progress.
ANS: Kanban
Rationale: Kanban boards visually represent workflow stages
and help manage work efficiently.
8. The ____________ is the range of acceptable cost variances
for a project, expressed as a percentage.
ANS: Cost variance threshold
Rationale: Cost variance thresholds define acceptable
deviations from the baseline budget.
9. In the Six Sigma methodology, the term ____________ refers
to the number of defects per million opportunities (DPMO).
ANS: Sigma level
©2025
Operations & Project Management
Midterms Exam Review (Qns & Ans)
2025
1. Which project management methodology focuses on iterative
development and collaboration?
- A. Waterfall
- B. Agile
- C. Six Sigma
- D. PRINCE2
ANS: B
Rationale: Agile emphasizes iterative development,
teamwork, and flexibility to adapt to changing requirements.
©2025
,2. The primary goal of critical path analysis in project
management is to:
- A. Identify all non-critical activities in a project
- B. Determine the longest sequence of dependent tasks
- C. Reduce resource usage
- D. Increase project profitability
ANS: B
Rationale: The critical path represents the longest sequence
of tasks that dictates the project's shortest possible duration.
3. Which of the following is a key principle of Lean operations?
- A. Maximizing inventory levels
- B. Eliminating waste in processes
- C. Prioritizing customer complaints
- D. Introducing complex workflows
ANS: B
Rationale: Lean operations focus on waste elimination to
improve efficiency and add customer value.
4. In project management, the process of identifying risks and
planning responses falls under which knowledge area?
©2025
, - A. Project Time Management
- B. Project Risk Management
- C. Project Scope Management
- D. Project Communication Management
ANS: B
Rationale: Project Risk Management includes identifying
risks, assessing their impact, and developing mitigation strategies.
5. What is the primary purpose of a Work Breakdown Structure
(WBS)?
- A. Assigning team roles
- B. Breaking projects into manageable components
- C. Scheduling project milestones
- D. Estimating costs
ANS: B
Rationale: The WBS is used to decompose projects into
smaller, manageable tasks for effective planning and control.
---
Fill-in-the-Blank Questions
©2025
, 6. In project management, the _____________ is the document
that formally authorizes the start of a project.
ANS: Project charter
Rationale: A project charter outlines objectives, stakeholders,
and high-level requirements, providing formal authorization.
7. ________ is a visual tool in Lean operations that helps
monitor workflow and limits work in progress.
ANS: Kanban
Rationale: Kanban boards visually represent workflow stages
and help manage work efficiently.
8. The ____________ is the range of acceptable cost variances
for a project, expressed as a percentage.
ANS: Cost variance threshold
Rationale: Cost variance thresholds define acceptable
deviations from the baseline budget.
9. In the Six Sigma methodology, the term ____________ refers
to the number of defects per million opportunities (DPMO).
ANS: Sigma level
©2025
