IS 438 exam 1

The kick-off meeting is always held before the business case and project charter are completed.

False

Earned value management is a tool primarily used in resource management.

False

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.

False

Initiating processes are not required to end a project.

False

Key outcomes of the executing process group are formal acceptance of the work and creation of closing documents.

False

Managing the triple constraint primarily involves making trade-offs between resources and quality.

False

Most people believe that the underlying causes of many companies' problems can be traced to its organizational structure.

False

One of PERT's main disadvantages is that it does not address the risk associated with duration estimates.

False

Project managers should lead projects in isolation in order to truly serve the needs of the organization.

False

The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project

False

Which document should list and describe all of the deliverables required for the project?

scope statement

A difference between strategic and tactical goals is:

strategic goals are long-term in nature whereas tactical goals are short-term.

What are new requirements imposed by management, government, or some external influence referred to as?

Directives

Which method is used for determining the estimated annual costs and benefits for a project?

Cash flow analysis

Which planning process is associated with project scope management?

Collecting requirements

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?

Configuration management

Which process involves working with stakeholders to create the document that formally authorizes a project?

Developing the project charter

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?

Hybrid

What statement is true regarding a return on investment or ROI?

It is always a percentage.

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?

People focus

Which perspective on organizations assumes that organizations are coalitions composed of varied individuals and interest groups?

Political frame

In which product life cycle the scope, schedule, and cost are determined early, and changes to scope are carefully managed?

Predictive

Which process is undertaken to reduce the probability of negative consequences associated with project risks?

Preventive actions

____________ includes the processes involved in defining and controlling what work is or is not included in a project.

Project scope management

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?

Resources

Until the 1980s, project management primarily focused on providing _____ and resource data to top management in the military, computer, and construction industries.

Schedule

_____ is the tendency for project scope to keep getting bigger and bigger

Scope Creep

________ are sets of interacting components working within an environment to fulfill some purpose.

Systems

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?

Systems analysis

Which statement is true of tangible costs?

They can be easily measured.

Which objective is true of projects?

They have a unique purpose.

Which attribute is true of low-end tools of project management software?

They provide basic project management features.

In project management, the three limitations of scope, time, and cost are referred to as the _______.

Triple Constraints

Change requests are always made in writing.

True

Every project should have a well-defined objective.

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.

True

Project managers must take adequate time to identify, understand, and manage relationships with all project stakeholders.

True

To define activities, the project team should start with reviewing the schedule management plan, scope baseline, enterprise environmental factors, and organizational processes.

True

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?

direct

How does critical chain scheduling protect tasks on the critical chain from being delayed?

feeding buffers

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?

free slack

What does the process of controlling costs primarily involve?

managing changes to the project budget

Which document is most likely to include planned project start and end dates which serve as the starting points for a detailed schedule?

project charter

What is developed in the Project Integration Management knowledge area?

project management plan

Which is an input of the process of controlling costs?

work performance data