IS 7060 Project Management Pretest Questions

False

In a critical path analysis, the shortest path is what drives the completion date for the project.

True

Monitoring and controlling processes overlap all of the other project management process groups.

planning

Creating the WBS is a subprocess associated with which process in project scope management?

start-to-start

During which relationship is the "from" activity unable start until the "to" activity is started?

revenues minus expenditures

How are profits best defined?

True

The executing process group generally requires the most resources.

True

The main purpose of the WBS is to define all of the work required to complete 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.

Scope, cost, time/schedule

What are the three pillars of a triple constraint?

planned value

What is another term used for budget?

cash flow

What term is used for benefits minus costs?

finish-to-start

Which dependencies do AOA network diagrams use?

estimating costs

Which process involves developing an approximation of the costs of resources needed to complete a project?

Developing the project charter

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

True

The two main items for monitoring and controlling in the Scrum framework are the daily Scrum and the sprint retrospectives.

burndown chart

What important Scrum artifact is used to graphically display progress on each sprint during the monitoring and controlling process?

determine the estimated costs and benefits for the life of the project and the products it produces

What is the first step in determining the NPV?

guide project execution

What is the main purpose of project plans?

total slack

What term is used for the amount of time an activity can be delayed from its early start without delaying the planned project finish date?

free slack

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?

Creating sprint backlog

Which activity is a part of the Scrum planning process?

milestone

Which term is used for a significant event on a project that normally has no duration?

project manager

a leader who works with project sponsors, project team, and other people involved in a project to meet project goals

agile

a method based on iterative and incremental development, in which requirements and solutions evolve through collaboration

project

a temporary endeavor undertaken to create a unique product, service, or result

False

Agile methods are used when deliverables have a low degree of change .

True

An activity is an element of work that has an expected duration, cost, and resource requirements.

True

IT project managers must be able to present and discuss project information both in financial and technical terms.

Functional

In Rizzati Corp, vice presidents in departments such as engineering, manufacturing, IT, and human resources report directly to the chief executive officer and undertake their tasks independently of each other. The staffs of these departments have specialized skills in their respective disciplines. Which type of organizational structure does Rizatti Corp have?

Electricity used to run its factories

Soles is a footwear company which has recently set up its store in Ambrosia. To manufacture its products, Soles incurs a range of different costs. Which would be an example of an indirect cost?

the Robinson family

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 _____.

longest; shortest

The critical path is the _____ path through a network diagram, and it represents the _____ amount of slack or float.

Monitoring and controlling

Which process includes measuring progress toward project objectives and taking corrective action to match progress with the plan?

cost budgeting

Which process results in a cost baseline as a main output?

Projects that have more flexible scheduling

Which project would be compatible with the use of the agile approach?

Gantt charts

Which provide a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a calendar format?

work involved in creating the products and the processes used to create them

Which statement best describes scope?

They are time-intensive and expensive to develop.

Which statement is true of bottom-up estimates?

It does not guarantee successes for all projects.

Which statement is true of project management?

Waterfall life cycle

Which systems development life cycle model assumes that requirements will remain stable after they are defined?

critical path analysis

Which technique involves network diagramming and is used primarily to predict total project duration?

Kick-off meetings

Which tool can best help in efficient communication management?

formal project management advantages

a. Better control of financial, physical, and human resources b. Improved customer relations c. Shorter development times d. Lower costs and improved productivity e. Higher quality and increased reliability f. Higher profit margins g. Better internal coordination h. Positive impact on meeting strategic goals i. Higher worker morale

False

The burndown chart is a Scrum created artifact that provides a list of features prioritized by business value.

determining their dependencies

In project schedule management, what is the next step after defining project activities?

sequencing activities

In project schedule management, which process primarily involve identifying and documenting the relationships between project activities?

True

In the Scrum method, team members work as a self-directed group coached by the ScrumMaster.

Adaptive

In which development life cycle do stakeholders define and approve the detailed scope before the start on an iteration?

Cost

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

False

Initiating and closing tasks are usually the longest and require the most amount of resources and time.

False

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

False

A milestone list is an output associated with the Project Scope Management knowledge area.

False

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

a work breakdown structure

An important tool for project scope management is _____.

sunk

Good Earth, a company manufacturing packaged food products, sets up its stores in Baltonia. However, a year later, the company closes the store down due to high operating costs. In such a scenario, the money spent in paying for the rent of the store in Baltonia would be an example of which costs?

Predictive

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

False

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

True

Network diagrams are the preferred technique for showing activity sequencing.

direct

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?

True

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

False

The project organizational structure is the most efficient choice for most IT projects.

Net present value

What type of analysis involves calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time?

When the net cumulative benefits equal the net cumulative costs

When does payback occur?

False

When you separate business and organizational issues from project management planning, you do a better job of ensuring project success.

project charter

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

scope statement

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

Reduced opportunities for informal transfer of information

Which is a disadvantage for virtual teams compared to traditional teams?

People lack estimating experience.

Which is most likely to be a reason for inaccuracies in information technology cost estimates?

It uses several iterations or deliveries of software instead of waiting until the end of the project to provide a product.

Which is true about the agile method?

It is a dependency in which the "from" activity must be finished before the "to" activity can be finished.

Which is true of a finish-to-finish dependency?

Cash flow analysis

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

They have a unique purpose.

Which objective is true of projects?

In the agile method, requirements and solutions evolve through collaboration.

Which observation is true of the agile approach to software development?

In the early phases of a project life cycle, resource needs are usually lowest.

Which of the following is true of the project life cycle?

Ethics

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?

project success metrics

a. The project met scope goals b. The project met time goals c. The project met cost goals d. The project satisfied the customer/sponsor e. The results of the project met its main objective, such as making or saving a certain amount of money, providing a good return on investment, or simply making the sponsors happy

project management

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