Quiz 1

¡Supera tus tareas y exámenes ahora con Quizwiz!

Which of the following questions reflect the strategic goals of project portfolio management?

Are we investing in the right areas?

In which of the following areas of management is payback analysis most likely to be used?

Cost

Which of the following refers to a set of principles that guides decision making based on personal values of what is considered right and wrong?

Ethics

Describe the triple constraint

Every project is constrained in different ways by its scope, time, and cost goals. These limitations are sometimes referred to in project management as the triple constraint. To create a successful project, a project manager must consider scope, time, and cost and balance these three often-competing goals. He or she must consider the following:

A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not

FALSE

A project manager's primary role is to provide the funding for a project

FALSE

According to a 2013 CHAOS study, user involvement is the most important factor that contributes to the success of IT projects

FALSE

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

FALSE

Effective program managers recognize that managing a project is much more complex than managing a program

FALSE

Good project managers assume that their definition of success is the same as the sponsors

FALSE

In order to be realistic, a project manager should always set discrete goals instead of a range of objectives

FALSE

Individual projects always address strategic goals whereas portfolio management addresses tactical goals

FALSE

It is mandatory for project managers working on large information technology projects to be experts in the field of information technology

FALSE

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

FALSE

Opponents of a project do not belong to the category of stakeholders

FALSE

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

FALSE

Project procurement management primarily involves identifying stakeholder needs while managing their engagement throughout the life of the project

FALSE

Questions about how a team will track schedule performance is related to a project's scope

FALSE

Responsibility assignment matrices and project organizational charts are examples of tools used in procurement management

FALSE

Systems analysis addresses the business, technological, and organizational issues associated with creating, maintaining, and modifying a system

FALSE

The enterprise project management software, which aids project and portfolio management, is a low-end tool

FALSE

The importance of stakeholders' needs and expectations is limited to the beginning of a project

FALSE

The only responsibility of a project manager is to meet the specific scope, time, and cost goals of a project

FALSE

The primary role of project stakeholder management is to ensure that the project will satisfy the stated needs for which it was undertaken

FALSE

To be a successful manager, the only skills an IT project manager needs to possess is excellent technical skills

FALSE

Which of the following tools are most likely to be used in project time management?

Gantt charts

Joe is a project manager in an IT company and has over the years, gained substantial knowledge in his area of work. However, while managing his team, he often loses his temper. In addition, he fails to be an active listener when his team members approach him with work related challenges. In which of the following areas does Joe need to develop his skills in?

Human relations skills

Which of the following statements is true of project management?

It does not guarantee successes for all projects.

Which of the following types of tools is usually recommended for small projects and single users?

Low-end

_____ tools, a step up from low-end tools, are designed to handle larger projects, multiple users, and multiple projects

Midrange

Which of the following is a difference between low-end and midrange tools of the project management software?

Midrange tools are designed to handle larger projects than low-end tools.

_____ refers to work done in organizations to sustain the business

Operations

Which of the following provides certification as a Project Management Professional?

PMI

Discuss the PMI Code of Ethics and Professional Conduct

PMI approved a new Code of Ethics and Professional Conduct that took effect in January 2007. This code applies not only to PMPs, but to all PMI members and individuals who hold a PMI certification, apply for a PMI certification, or serve PMI in a volunteer capacity. It is vital for project management practitioners to conduct their work in an ethical manner. Even if one is not affiliated with PMI, these guidelines can help one conduct their work in an ethical manner, which helps the profession earn the confidence of the public, employers, employees, and all project stakeholders. The PMI Code of Ethics and Professional Conduct includes short chapters addressing vision and applicability, responsibility, respect, fairness, and honestly.

_____ software integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization

Portfolio project management

The _____ is an international professional society for project managers founded in 1969

Project Management Institute

A _____ is an organizational group responsible for coordinating the project management function throughout an organization

Project Management Office

Which of the following project management knowledge areas primarily involve generating, collecting, disseminating, and storing project information?

Project communications management

Martha works as a project manager at a bank. Due to certain changes in external factors, Martha needs to make a few alterations in the tactical goals of her project. In such a scenario, which of the following will best help Martha cope with the change?

Project environment knowledge

Which of the following project management knowledge areas is an overarching function that affects and is affected by the different knowledge areas?

Project integration management

_____ is "the application of knowledge, skills, tools, and techniques to project activities to meet project requirements

Project management

Which of the following is a difference between project management and portfolio

Project management addresses specific, short-term goals whereas portfolio management focuses on long-term goals.

List and describe each of the ten project management knowledge areas

Project management knowledge areas describe the key competencies that project managers

What are some of the qualities of a good project manager? Explain

Project managers often take on the role of both leader and manager. Good project managers know that people make or break projects, so they must set a good example to lead their team to success. They are aware of the greater needs of their stakeholders and organizations, so they are visionary in guiding their current projects and in suggesting future ones. Companies that excel in project management grow project "leaders," emphasizing development of business and communication skills. Yet good project managers must also focus on getting the job done by paying attention to the details and daily operations of each task. The best project managers have leadership and management characteristics; they are visionary yet focused on the bottom line. Above all else, good project managers focus on achieving positive results.

_____ refers to the process in which organizations group and manage projects and programs as a cluster of investments that contribute to the entire enterprise's success

Project portfolio management

Which of the following is a difference between projects and operations?

Projects are temporary endeavors whereas an organization's operations are ongoing in nature.

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 of the following constraints is Galaxy currently facing?

Resources

_____ include people, hardware, software, or other assets

Resources

A project's stakeholders includes its customers, users, and suppliers

TRUE

Every project should have a well-defined objective

TRUE

Maturity models, statistical methods, and test plans are examples of tools used in quality management

TRUE

One of the main reasons why project management is challenging is because of the factor of uncertainty

TRUE

Program managers are change agents

TRUE

Project human resource management is concerned with making effective use of the people involved with a project

TRUE

Project managers and their teams must keep in mind the effects of any project on the interests and needs of the entire system or organization instead of focusing on the immediate concerns of the project

TRUE

Project managers work with the project sponsors to define success for particular projects

TRUE

Projects should be developed in increments

TRUE

Resources in a project should be used effectively because they are limited

TRUE

Stakeholder analyses, work requests, and project charters are tools used in integration management

TRUE

The introduction of new software makes basic tools, such as Gantt charts and network diagrams, inexpensive and easy to create

TRUE

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

TRUE

Using a systems approach is critical to successful project management

TRUE

Discuss the PMP certification

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

Which of the following is true of projects?

They have a unique purpose.

Which of the following best defines the role of leaders?

They inspire people to reach goals.

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

They provide basic project management features.

Which of the following is true of program managers?

They provide leadership and direction for project managers heading the projects within a program.

An important tool for project scope management is _____

a work breakdown structure

Project procurement management mainly involves:

buying goods and services for a project from outside the performing organization.

A Gantt chart is a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a ____ format

calendar

A _____ is a tool used in quality management

checklist

"What is the project's budget?" This is an example of a project's _____ constraint

cost

Project _____ management consists of preparing and managing the budget for a project

cost

A critical path:

determines the earliest completion date of a project.

Enterprise project management softwares are also known as _____ tools of project management software

high-end

Soft skills are also known as _____ skills

human relations

Team building exercises and motivation techniques are tools used in _____ management

human resource

Which of the following tools can best help in efficient communication management?

kick-off meetings

Project management _____ describe the key competencies that project managers must develop

knowledge areas

The critical path is the _____ path through a network diagram that determines the earliest completion of a project

longest

High-end tools are generally licensed on a(n) _____ basis

per-user

Ethics is a set of principles that guides decision making based on _____ of what is considered right and wrong

personal values

High-end tools in project management software have enterprise and _____ functions that summarize and combine individual project information to provide an enterprise view of all projects

portfolio management

A project's sponsor is also known as a(n) _____

primary customer

A _____ is a tool used in risk management

probability matrice

A(n) _____ is "a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually

program

A(n) _____ is a temporary endeavor undertaken to create a unique product, service, or result

project

Passing the CPA exam is a standard for accountants

project managers

The role of a _____ is to provide direction and funding for a project

project sponsor

The _____ of project management includes quality, scope, time, and cost constraints

quadruple constraint

Project _____ management ensures that the project will satisfy the stated or implied needs for which it was undertaken

quality

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

schedule

Project _____ management involves defining and managing all the work required to complete the project successfully

scope

The question, "What unique product does the customer expect from the project?" is an example of a(n) _____ constraint

scope

A difference between strategic and tactical goals is that:

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

Steve, an engineer in a construction company, is at present working on a home construction project. The home is being built for the Robinson family, the owners of the home. Steve is working with his project team and support staff to ensure the project is completed on time. In such a scenario, the project sponsor is _____.

the Robinson family

Fast tracking is an example of a tool used in _____ management

time

Project _____ management includes estimating how long it will take to complete work, develop an acceptable project schedule, and ensure timely completion of a project

time

The question, "What is the project's schedule?" is an example of a(n) _____ constraint

time

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

triple constraint


Conjuntos de estudio relacionados

Steps in which a presynaptic neuron signals a postsynaptic neuron

View Set

NURS 309 Quiz 6 Male Reproductive

View Set

Disciplines and Practices in Psychology (PSY 2010) Final

View Set

Ch.10 Object-Oriented Programming: Polymorphism and Interfaces

View Set