IS 438
Galaxy, a construction company, buys a particular brand of tiles manufactured by Tiles and Floors, an eco-friendly tile manufacturing company. However, Tiles and Floors has declared bankruptcy and closed down. At present, Galaxy is facing a crisis because there are no other manufacturers in the market that supplies eco-friendly tiles. Which constraint is Galaxy currently facing? a. Resources b. Time c. Scope d. Cost
A
What statement is true regarding a return on investment or ROI? a. It is always a percentage. b. It is always a positive number. c. It is the result of adding the project costs to the profits. d. The lower it is, the better.
A
Which planning process is associated with project scope management? a. Collecting requirements b. Performing qualitative risk analysis c. Planning schedule management d. Estimating costs
A
Which process involves working with stakeholders to create the document that formally authorizes a project? a. Developing the project charter b. Developing the preliminary project scope statement c. Developing the project management plan d. Performing integrated change control
A
How does critical chain scheduling protect tasks on the critical chain from being delayed? a. critical paths b. feeding buffers c. dummy activities d. fast-tracking
B
What does the process of controlling costs primarily involve? a. determining the policies for project costs b. managing changes to the project budget c. finalising the procedures for project costs d. determining a basis for estimates
B
What is developed in the Project Integration Management knowledge area? a. schedule management plan b. project management plan c. WBS d. quality management
B
Which approach to product development is currently used by many organizations so a predictive set of steps is used as an overall means to coordinate more detailed steps that are adaptively managed? a. Adaptive b. Hybrid c. Predictive d. Incremental
B
Which document should list and describe all of the deliverables required for the project? a. project charter b. scope statement c. WBS d. Gantt chart
B
Which is an input of the process of controlling costs? a. cost forecasts b. work performance data c. change requests d. scope baseline
B
Which method is used for determining the estimated annual costs and benefits for a project? a. Critical path analysis b. Cash flow analysis c. Present value analysis d. Requirements analysis
B
Which statement is true of tangible costs? a. They cannot be calculated in monetary terms. b. They can be easily measured. c. They are difficult to quantify. d. Their examples include goodwill and prestige.
B
24. Which perspective on organizations assumes that organizations are coalitions composed of varied individuals and interest groups? a. Political frame b. Symbolic frame c. Structural frame d. Human resources frame
C
In which product life cycle the scope, schedule, and cost are determined early, and changes to scope are carefully managed? a. Iterative b. Incremental c. Predictive d. Adaptive
C
Newtech Inc. hires John for the position of a software programmer to work on their new project. Salary paid to John by Newtech Inc. would be an example of which type of costs? a. direct b. indirect c. sunk d. intangible
C
Which attribute is true of low-end tools of project management software? a. They are designed for especially large projects with multiple users. b. Their main advantage is that they have unlimited functionality. c. They provide basic project management features. d. They are referred to as enterprise project management software.
C
Which characteristic of organizational culture describes the degree to which management's decisions take into account the effect of outcomes on people within the organization? a. Member identity b. Group emphasis c. People focus d. Unit integration
C
A difference between strategic and tactical goals is: a. strategic goals are more specific than tactical goals. b. tactical goals encompass broader dimensions than strategic goals. c. tactical goals are more important for a project than strategic goals. d. strategic goals are long-term in nature whereas tactical goals are short-term.
D
What are new requirements imposed by management, government, or some external influence referred to as? a. Opportunities b. Charters c. Problems d. Directives
D
What term is used for the amount of time an activity can be delayed without delaying the early start date of any immediately following activities? a. forward pass b. backward pass c. fast tracking d. free slack
D
Which document is most likely to include planned project start and end dates which serve as the starting points for a detailed schedule? a. resource breakdown structure b. milestones list c. organizational process assets update d. project charter
D
Which problem-solving approach requires defining the scope of a system, dividing it into its components, and then identifying and evaluating its problems, opportunities, constraints, and needs? a. Linear programming b. Independent component analysis c. Principal component analysis d. Systems analysis
D
Which process is undertaken to reduce the probability of negative consequences associated with project risks? a. Performance reports b. Preventive actions c. Defect repairs d. Corrective actions
D
.In an earned value chart, when the actual cost line is right on or above the earned value line, it indicates that costs are less than planned. a. True b. False
False
Initiating processes are not required to end a project. a. True b. False
False
Key outcomes of the executing process group are formal acceptance of the work and creation of closing documents. a. True b. False
False
Managing the triple constraint primarily involves making trade-offs between resources and quality. a. True b. False
False
Most people believe that the underlying causes of many companies' problems can be traced to its organizational structure. a. True b. False
False
One of PERT's main disadvantages is that it does not address the risk associated with duration estimates. a. True b. False
False
Project managers should lead projects in isolation in order to truly serve the needs of the organization. a. True b. False
False
The kick-off meeting is always held before the business case and project charter are completed. a. True b. False
False
The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project. a. True b. False
False
______ includes the processes involved in defining and controlling what work is or is not included in a project.
Project Scope Management
_________ is the tendency for project scope to keep getting bigger and bigger.
Scope Creep
Change requests are always made in writing. a. True b. False
True
Every project should have a well-defined objective. a. True b. False
True
Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. a. True b. False
True
Project managers must take adequate time to identify, understand, and manage relationships with all project stakeholders. a. True b. False
True
To define activities, the project team should start by reviewing the schedule management plan, scope baseline, enterprise environmental factors, and organizational processes. a. True b. False
True
Which objective is true of projects? a. They have an indefinite beginning and end. b. They have a unique purpose. c. They are developed using regressive elaboration. d. They are permanent in nature.
b
What process involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project's products are correct and complete? a. NPV analysis b. Project management information systems c. Configuration management d. Project time management
c
Earned value management is a tool primarily used in resource management. a. True b. False
false
Until the 1980s, project management primarily focused on providing ______ and resource data to top management in the military, computer, and construction industries.
schedule
________ are sets of interacting components working within an environment to fulfill some purpose.
system
In project management, the three limitations of scope, time, and cost are referred to as the________
triple constraint
