ISA 406 Q1

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

Project Sponsor

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

Project integration management

Which project management knowledge area ensures that the project will satisfy the stated or implied needs for which it was undertaken?

Project quality management

Which knowledge area involves defining and managing all the work required to complete the project successfully?

Project scope management

Which objective is true of projects?

They have a unique purpose.

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

Are we investing in the right areas?

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

Earned value management is a tool primarily used in 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 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

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 are excellent technical skills.

False

Which tool is most likely to be used in project schedule management?

Gantt Charts

Which statement is true of project management?

It does not guarantee successes for all projects.

Which tool can best help in efficient communication management?

Kick-off meetings

What 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.

Which organization provides certification as a Project Management Professional?

PMI

Which goal distinguishes project management and portfolio management?

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

Which characteristic highlights 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 constraint is Galaxy currently facing?

Resources

Which attribute best defines the role of leaders?

They inspire people to reach goals

Which attribute is true of low-end tools of 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.

A project's stakeholders include its customers, users, and suppliers.

True

Every project should have a well-defined objective.

True

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

True

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

True

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

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

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 _____ is a tool used in quality management.

checklist

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

Enterprise project management software is also known as a _____ tool of project management software.

high-end

A _____ is a tool used in risk management.

probability matrix

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

resource

A difference between strategic and tactical goals is:

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