ISM 5315 - Exam 1

CH4: The Just-In-Time training project team decided to use the project management process groups for the level ______ tasks in its WBS. A) 1 B) 2 C) 3 D) 0

2

CH3: In Phase I of the Just-In-Time Project, Kristin estimated that the project would have a ______ percent discounted return on investment and payback in the second year after implementing the new training program. A) 27 B) 97 C) 107 D) 7

27

CH2: Which of the following statements is false concerning agile project management? A) An agile mindset is part of agile project planning. B) It allows the teams to pivot more frequently. C) Product managers focus on the why while program and project managers focus on the how and when. D) A roadmap sets a tactical plan and goals for completing a major undertaking such as building and releasing a product.

A roadmap sets a tactical plan and goals for completing a major undertaking such as building and releasing a product.

CH 5: Which of the following statements is true? A) Agile projects never use Gantt charts. B) Agile projects include a detailed schedule for the entire project. C) Agile projects must still consider dependencies between activities. D) Agile projects do not require cost planning.

Agile projects must still consider dependencies between activities.

CH 5: Using a(n) ______ approach to developing cost estimates requires a good deal of expert judgement and is generally less costly than others are, but it can also be less accurate. A) Bottom-up B) Parametric C) Expert judgement D) Analogous

Analogous

CH1: The ______ are of project management knowledge refers to the domain or industry to which project management is applied. A) Implementation B) Application C) Coordination D) Validation

Application

CH4: For agile projects, the user stories created in an initial product backlog are often elaborated in more detail at the start of each iteration in a process called ______. A) Backlog refinement B) Decomposition C) Sprint backlog creation D) Sprint planning

Backlog refinement

CH4: ______ is the process of teams progressively elaborating and reprioritizing the work to determine what can be accomplished during that iteration. A) Story card creation B) Backlog refinement C) Time-boxing D) WBS planning

Backlog refinement

CH 5: ______ estimates involve estimating individual activities and summing them to get a project total. A) Provisional B) Temporary C) Ad hoc D) Bottom-up

Bottom-up

CH3: What document provides justification for investing in a project? A) Benefits management plan B) Project charter C) Business case D) Net present value analysis

Business case

CH 5: Which of the following is not an agile estimating method? A) Parametric estimating B) Bucket system C) Affinity estimating D) Planning poker

Parametric estimating

CH3: A rhythm of activities conducted throughout the process is called ______. A) Iterative B) Incremental C) Framework D) Cadence

Cadence

CH3: A business ______ is a document that provides justification for investing in a project. A) Blueprint B) Template C) Charter D) Case

Case

CH3: Some projects have a senior manager called a(n) ______ who acts as a key proponent of a project. A) Champion B) Advocate C) Coach D) Sponsor

Champion

CH 5: ______ is a technique for making cost and schedule trade-offs to obtain the greatest amount of schedule compression for the least incremental cost. A) Fast-tracking B) Parametric modeling C) Crashing D) De-scoping

Crashing

CH3: A ______ is a product or service produced or provided as part of a project. A) Requirement B) Result C) Process D) Deliverable

Deliverable

CH 5: Duration estimates are provided as a ______ number, such as four weeks; as a range, such as three to five weeks; or as a three-point estimate. A) Factional B) Continuous C) Random D) Discrete

Discrete

CH 5: What type of dependences are defined by the project team and sometimes referred to as soft logic? A) Discretionary B) Internal C) External D) Mandatory

Discretionary

CH1: The nature of information technology projects is different from projects in many other industries because they are very ______. A) Challenging B) Technical C) Expensive D) Diverse

Diverse

CH3: Predictive projects involve five project management process groups: initiating, planning, ______, monitoring and controlling, and closing. A) Executing B) Designing C) Delivering D) Maintaining

Executing

CH 5: Agile teams estimate user stories separately. (T/F)

False

CH 5: Every item on a WBS needs to be on the network diagram. (T/F)

False

CH 5: It is poor practice to use more than one approach for creating a cost estimate. (T/F)

False

CH 5: Some agile teams use the Kanban method for project cost estimating. (T/F)

False

CH 5: The goal of the activity definition process is to replace the scope statement. (T/F)

False

CH1: Most organizations claim that project management delivers higher profit margins at the expense of worker morale. (T/F)

False

CH1: Portfolio managers are required to have previous experience as project or program managers. (T/F)

False

CH2: According to Dr. Robert Kaplan and Dr. David Norton, a balances scorecard rejects most traditional financial measures. (T/F)

False

CH2: Low - or medium - priority projects that can be finished in less time than high-priority projects should always be completed first. (T/F)

False

CH2: Most crucial projects, such as drug development or major transportation projects, will achieve payback in less than a year. (T/F)

False

CH3: The majority of project management processes occur as part of the executing process group. (T/F)

False

CH4: Work that is not included in the scope statement should be performed as needed. (T/F)

False

CH 5: The main disadvantage of ______ is that it can end up lengthening the project schedule, because starting some tasks too soon often increases project risk and results in rework. A) Reviewing B) Fast tracking C) Crashing D) Extending

Fast tracking

CH 5: There are ______ basic attributes of dependencies among project activities. A) Six B) Four C) Three D) Five

Four

CH3: Which of the following is not part of the continuum of development approaches? A) Iterative B) Hybrid C) Agile D) Predictive

Hybrid

CH1: Demand for software to help manage agile projects has ______. A) Peaked B) Decreased C) Increased D) Not been measured

Increased

CH1: A ______ focuses on long-term goals while inspiring people to reach those goals. A) Manager B) Leader C) Scrum master D) Project manager

Leader

CH2: Instead of creating a set of structured projects with short-lived teams to execute them, ______ project portfolio management defines desired outcomes for an organization, focuses on value and revisits past decisions at least every quarter. A) Agile B) Strategic C) Organizational D) Lean

Lean

CH1: Examples of ______ include leadership, communications and motivation. A) Methods B) Tools C) Models D) Artifacts

Models

CH3: Which of the following statements is true concerning the GCHC project? A) It did include a business case. B) It included only one scrum team. C) It did not include a project manager, per the scrum guide. D) Most of the team members would be working virtually.

Most of the team members would be working virtually.

CH 5: Where should you include a buffer on a project schedule? A) On non-critical path activities B) Nowhere C) Before the project's due date D) On every activity

On every activity

CH 5: A three-point estimate is an estimate that includes a(n) ______, most likely, and pessimistic estimate, such as three weeks, four weeks, and five weeks, respectively. A) Optimistic B) Remote C) Conditional D) Unusual

Optimistic

CH4: Project management ______ facilitate communication among stakeholders and provide a baseline for progress measurement and project control. A) Compacts B) Charters C) Contracts D) Plans

Plans

CH1: A ______ is defined as projects, program, subsidiary portfolios, and operations managed as a group to achieve strategic objectives. A) Hybrid approach B) Strategy C) Portfolio D) Core

Portfolio

CH2: ______ should be formed and continuously updated to help the organization as a whole make better strategic decisions. A) Projects B) Portfolios C) Programs D) Monitors

Portfolios

CH3: You can create a ______ grid as part of a stakeholder analysis. A) Power/interest B) Stakeholder C) Scrum D) Probability/impact

Power/interest

CH3: A ______ is a single source or work undertaken by a scrum team. A) Contract B) WBS C) User story D) Product backlog

Product backlog

CH3: A ______ is an emergent, ordered list of what is needed to improve the product. It is the single source of work undertaken by the scrum team. A) Scrum backlog B) Product roadmap C) Product backlog D) Product work breakdown structure

Product backlog

CH1: A ______ is a temporary endeavor undertaken to create a unique product, service or result. A) Portfolio B) Program C) Project D) Process

Project

CH1: ______ coordinate the work of all other project management knowledge areas. A) Project management B) Project integration management C) Project management D) Project portfolio management

Project integration management

CH1: Which of the following is a disadvantage of virtual teams as compared to traditional teams? A) Increased costs for office space and support. B) Reduced opportunities for informal transfer of information. C) Limited flexibility in team working hours. D) Reduced dependence on technology and processes for accomplishing work.

Reduced opportunities for informal transfer of information.

CH1: Which of the following is not an attribute of a project? A) Projects have a primary customer or sponsor B) Projects involve no uncertainty C) Projects are developed using progressive elaboration D) Projects are unique

Projects involve no uncertainty.

CH1: Which project constraint focuses on satisfying the customer? A) Quality B) Stakeholder management C) Resource Management D) Scope

Quality

CH2: Instead of annual strategy meetings, agile organizations often hold ______. A) Brainstorming sessions B) Scrums C) Retrospectives D) Quarterly business Reviews

Quarterly business reviews

CH2: Which of the following is a benefit of program management? A) Optimizing resources B) Decreasing authority C) Investing money D) Saving time

Saving time

CH 5: The project team beings to develop a ______ by first clearly defining all the activities it needs to perform. A) Charter B) Schedule C) Scope D) Work flow diagram

Schedule

CH1: If it is crucial to meet schedule and cost goals, the ______ must be flexible. A) Scope B) Resources C) Time-frame D) Risk

Scope

CH3: After a project is approved, senior managers should meet to determine the ______, time and cost constraints for the project. A) Range B) Scope C) Boundary D) Vision

Scope

CH4: To define the ______ of the project accurately, it is very important to ensure consistency between the project charter, scope statement, WBS, Gantt chart, and related documents. A) Parameters B) Scope C) Vision D) Charter

Scope

CH1: ______ is a lightweight framework that helps people, teams, and organizations generate value through adaptive solutions for complex problems. A) Project management B) Scrum C) Agile D) Portfolio management

Scrum

CH4: The hierarchy for a value breakdown structure starts with an initiative at the top, then epics, and then ______. A) Tasks B) Deliverables C) Activities D) Stories

Stories

CH3: For a large training project, there is often a(n) ______ project done first before investing in a larger project. A) Advance B) Simulated C) Study D) Preparatory

Study

CH3: A stakeholder analysis is a technique for analyzing information to determine which stakeholders' interests to focus on and how to increase stakeholder ______. A) Funding B) Support C) Interest D) Power

Support

CH4: Planning includes tasks related to each of the ______ project management knowledge areas. A) Four B) Sixteen C) Ten D) Five

Ten

CH 5: ______ means that completing all activities required to complete all work packages means you complete the project. A) Validation B) The 100% rule C) Verification D) Acceptance

The 100% rule

CH 5: Which agile estimating method is an extension of planning poker when there are many user stories, and the team is large? A) The bucket system B) Parametric modeling C) T-shirt sizing D) Affinity estimates

The bucket system

CH 5: You are estimating costs with your large agile team, and there are many user stories. Which method would be most appropriate to use? A) T-shirt sizing B) Planning poker C) The Kanban method D) The bucket system

The bucket system

CH2: According to the ______ value of money, a dollar today is worth more than a dollar tomorrow. A) Time B) Economic C) Financial D) Discretionary

Time

CH 5: The SMART criteria are guidelines suggesting that milestones should be specific, measurable, attainable, relevant, and ______. A) Targeted B) Time-boxed C) Time-framed D) Timed

Time-framed

CH4: A requirements ______ ______ is a table that lists requirements, various attributes of each requirement, and the status of the requirements to ensure that all of them are addressed. A) Management matrix B) Traceability matrix C) Tracking tool D) Management plan

Traceability matrix

CH 5: After you determine the reason for a dependency between activities, you must determine the type of dependency. (T/F)

True

CH 5: Duration relates to the time estimate, not the effort estimate. (T/F)

True

CH1: A 2020 report estimated that the global project portfolio management market size would reach USD 11.4 billion by 2027. (T/F)

True

CH1: An artifact can be a template, document, output or project deliverable. (T/F)

True

CH1: In the past, project management primarily focused on providing schedule and resource data to top management in the military and construction industries. (T/F)

True

CH1: PMI's Agile Practice Guide defines agile as a term used to describe a mindset of values and principles as set forth in the Agile Manifesto. (T/F)

True

CH2: Organizations - both large and small - cannot undertake most of the potential projects identified because of resource limitations and other constraints. (T/F)

True

CH3: In an incremental approach, each increment builds on top of the previous one. (T/F)

True

CH3: It is good practice to send kick-off meeting minutes to all meeting participants and other appropriate stakeholders within a day or two of a meeting. (T/F)

True

CH3: You can categorize stakeholders as being unaware, resistant, neutral, supportive, or leading. (T/F)

True

CH4: As more information becomes available and decisions are made related to project scope, the project team should update the project scope statement. (T/F)

True

CH3: A ______ is a description of what a customer or user would want from a product or solution. A) User requirement B) Customer request C) User story D) Scrum backlog

User story

CH4: The main planning tasks performed as part of project scope management include planning scope management, collecting requirements, defining scope, and creating the ______. A) Requirements traceability matrix B) Requirements management plan C) Portfolio D) WBS

WBS

CH4: The MoSCoW method is a prioritization framework for time-boxed projects where the acronym stands for must-haves, should-haves, could-haves, and ______. A) Will not have B) Want to haves C) Will haves D) Will never have

Will not have

CH1: Which of the following statements is true concerning agile project management? A) You cannot use both agile and predictive project management tools on the same project. B) You should use a tool like Jira and not Microsoft Project on agile projects. C) You should first understand and use an agile mindset before trying to implement agile project management. D) All projects should be run using an agile framework such as scrum.

You should first understand and use and agile mindset before trying to implement agile project management.