PM

Governance of all project management processes and procedures helps provide senior management with all of the following EXCEPT

A. A method to ensure projects that are important to senior management are being implemented.

Which of the following is NOT one of the stages of a project life cycle?

A. Identifying

. A professional organization for project managers is the

A. PMI.

Two dimensions within the project management process are

A. Technical and sociocultural.

A major portion of the project work, both physical and mental, takes place during the production stage of the project life cycle. T/F

FALSE A major portion of the project work, both physical and mental, is done in the executing stage.

A program is a process designed to accomplish a common goal over time. T/F

FALSE A program is a group of related projects designed to accomplish a common goal over an extended period of time.

Because of its flexibility, project management is equally useful in ongoing, routine work as well as unique, one-time projects. T/F

FALSE A project is not routine, repetitive work! Ordinary daily work typically requires doing the same or similar work over and over, while a project is done only once; a new product or service exists when the project is completed.

Since a construction company builds many buildings, the buildings built after the first do not fit the definition of a project. T/F

FALSE All projects are non-routine and have some unique elements. Not all buildings will be built on the same space or use the same materials.

Small business development is a major driver of project management.

FALSE Compression of the product life cycle, knowledge explosion, triple bottom line, corporate downsizing, increased customer focus, and small projects represent big problems and are the major drivers of project management.

Smaller projects in larger organizations tend not to need project management skills.

FALSE Many small projects can eat up the people resources of a firm and represent hidden costs not measured in the accounting system. Organizations with many small projects going on concurrently face the most difficult project management problems.

One of the most significant driving forces behind the demand for project management is the ever increasing lengthening of the product life cycle. T/F

FALSE One of the most significant driving forces behind the demand for project management is the shortening of the product life cycle.

Project Management is critically important only for the electronics industry.

FALSE Project Management has spread to all avenues of work.

Project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation and repeatability.

FALSE Project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation, speed and continuous improvement.

Because of the profitability motive, project management is nearly always limited to the private sector. T/F

FALSE Project management is not limited to the private sector. Project management is also a vehicle for doing good deeds and solving social problems.

Successful project managers focus primarily on technical dimensions of project management, which include planning, scheduling, and controlling projects.

FALSE Project managers must master both the technical and the sociocultural aspects of project management in order to be successful.

. In the _____________ stage of What is a project?, project objectives are established, teams are formed, and major responsibilities are assigned.

B. Defining

Which of the following is a good example of a program?

B. Developing a new residential area that includes six custom homes

Corporate downsizing has increased the trend toward

B. Outsourcing significant segments of project work.

Which of the following is NOT typical of a project manager?

B. Overseeing existing operations

A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a

B. Program.

Which of the following statements is true?

B. Project management is increasingly contributing to achieving organizational strategies.

Projects should align with the organization's overall strategy in order to

B. Reduce waste of scarce resources.

Which of these is NOT part of the "sociocultural dimension" of project management?

B. Resource allocation

Which dimension of project management centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project?

B. Sociocultural

In organizations where a majority of workers perform repetitive operations there is often a lack of

B. singular purpose.

Which of the following represents the correct order of stages within the project life cycle?

C. Defining, Planning, Executing, Closing

Which of the following is NOT a reason why project management has become a standard way of doing business?

C. Organizations are doing more project work in-house instead of outsourcing.

In the _____________ stage of What is a Project? The project's schedule and budget will be determined.

C. Planning

Which of these is NOT part of the "technical dimension" of project management?

C. Problem solving

Which of the following activities is the best example of a project?

C. Writing a policy manual

A project does not include

C. repetitive same or similar work.

Which of the following is NOT one of the driving forces behind the increasing demand for project management?

D. Declining need for product customization

In the _____________ stage of What is a Project? you are more likely to find status reports, changes, and the creation of forecasts.

D. Executing

In the _____________ stage of What is a Project?, a major portion of the actual project work performed.

D. Executing

Which of the following is NOT considered to be a characteristic of a project?

D. For internal use only

Which of the following is NOT true about project management?

D. It focuses primarily on technical processes.

Project management is being driven by

D. Knowledge explosion and increased customer focus.

Which of the following activities is NOT considered a project?

D. Production of automobile tires

Project Managers are

D. all of the above.

Project Management is a style that places a premium on

D. building relationships and including a diverse set of talent.

A project lifecycle

D. can vary based on the industry.

As the number of small projects increase within an organization's portfolio, what is a challenge an organization faces?

E. All of these are challenges.

Project management is important to understand when people are a part of a project team because they

E. All of these are reasons it is important for project team members to understand project management. Project members are expected to use project management tools and concepts such as working as a team to create a budget or schedule and be able to monitor project progress. They also need to be able to understand project priorities and parameters.

Which of the following is typically the responsibility of a project manager?

E. All of these are typical responsibilities.

Project governance does NOT include

E. Allowing project managers to plan the project the way they see fit.

n the _____________ stage of What is a Project? project the product is delivered to the customer and resources are released from the project.

E. Closing

Project management is ideally suited for a business environment requiring all of the following EXCEPT

E. Repeatability.

Contrary to on-going duties and responsibilities of traditional jobs, projects have a defined endpoint.

TRUE A "traditional" job means doing something for an organization over an entire career, versus doing variations of something for individual efforts with a defined start and end. For example, you could be a welder for a company as a traditional job, or your can be a contract welder that moves in-between projects for different organizations.

Not only is project management critical to many careers, the skill set is transferable across most businesses and professions. T/F

TRUE At its core, project management fundamentals are universal.

Due to corporate downsizing, significant segments of project work have been outsourced to other organizations.

TRUE Corporate downsizing has also led to a change in the way organizations approach projects. Companies outsource significant segments of project work, and project managers have to manage not only their own people but also their counterparts in different organizations.

Project governance means applying a set of knowledge, skills, tools, and techniques to a collection of projects in order to move the organization toward its strategic goals.

TRUE Governance includes centralization of all project processes and practices to improve project management.

One of the characteristics that separate project management from other endeavors of the organization is that there are specific time, cost, and performance requirements. T/F

TRUE Major characteristics are specific time, cost, and performance requirements.

One of the defining characteristics of project management is that the projects are not confined to a single department but involve several departments and professionals. T/F

TRUE One of the major characteristics is the involvement of several departments and professionals.

At first glance, project managers perform the same functions as other managers. That is, they plan, schedule, motivate and control.

TRUE Project managers perform the same functions as other managers; however, what makes them unique is that they also manage temporary, non-repetitive activities to complete a fixed life project.

Today, projects are the modus operandi or the method used for implementing organizational strategy.

TRUE Projects are how organizations implement strategy. This is why it is imperative that the two are aligned.

A professional certification for project managers is a Project Management Professional (PMP). T/F

TRUE The PMI provides certification as a Project Management Professional (PMP)-someone who has documented sufficient project experience, agreed to follow the PMI code of professional conduct, and demonstrated mastery of the field of project management by passing a comprehensive examination. See Snapshot: The Project Management Institute.

The fundamentals of Project Management are considered universal across most businesses and professions.

TRUE The individual principles and strategies will work across all but the most specialized industries and projects.

The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms.

TRUE The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms. See Figure 1.3: The Socio-Technical Dimensions of the Project Management Process.

Most people who excel at managing projects never have the title of project manager. T/F

TRUE They include accountants, lawyers, administrators, scientists, contractors, teachers, etc.

Projects typically require the combined efforts of a variety of specialists.

TRUE Without the specialist efforts brought to bear on the problem to be solved, it is unlikely that it will be solved in a manner that is timely enough for an organization.

The first stage in the project life cycle is the concept stage. T/F

FALSE The first stage is defining.

Strategic plans should be written by one group of managers, projects should be selected by another group, and projects should be implemented by another group.

FALSE These independent decisions by different groups of managers create a set of conditions leading to conflict, confusion, and frequently an unsatisfied customer.

Because of the requirement for in-depth expertise, project management is generally restricted to specialists.

FALSE Unlike their functional counterparts, project managers generally possess only rudimentary technical knowledge.