Project Management Midterm
A budgetary estimate is the most accurate of the three types of estimates. A) True B) False
False
A milestone list is an output associated with the Project Scope Management knowledge area. A) True B) False
False
In project time management, one should control the schedule before estimating the duration for each activity. A) True B) False
False
Projects that address broad organizational A) True B) False
False
The Rational Unified Process (RUP) framework is incompatible with the PMBOK process. A) True B) False
False
The primary role of project stakeholder management is to ensure that the project will satisfy the stated needs for which it was undertaken. A) True B) False
False
________ refers to all the work involved in creating the products of the project and the processes used to create them.
Scope
________ are people involved in or affected by project activities and include the project sponsor, project team, support staff, customers, users, supplier, and even opponents to the project.
Stakeholders
Change requests are always made in writing. A) True B) False
True
It is important for the activity list and activity attributes to be in agreement with the work breakdown structure. A) True B) False
True
NPV analysis is a method for making equal comparisons between cash flows for multi-year projects. A) True B) False
True
Parametric models are reliable when the models are flexible in terms of the project's size. A) True B) False
True
Project managers must have cooperation from people in other parts of the organization. A) True B) False
True
Project scope management includes the processes involved in defining and controlling what is or is not included in a project. A) True B) False
True
________ is the difference between planned and actual performance.
Variance
Subdividing the project deliverables into smaller pieces is known as ________. A) decommissioning B) decomposition C) disconnecting D) dividing
decomposition
A ________ estimate is used for making many purchasing decisions for which accurate estimates are required and for estimating final project costs. A) rough order of magnitude B) budgetary C) definitive D) final
definitive
The ________ frame of an organization focuses on providing harmony between the needs of the organization and the needs of people. A) human resources B) structural C) political D) symbolic
human resources
A(n) ________ on a project is a significant event that normal has no duration. A) activity sequence B) milestone C) activity attribute D) schedule baseline
milestone
A common ________ process is reporting performance, where project stakeholders can identify any necessary changes that may be required to keep the project on track. A) executing B) monitoring and controlling C) planning D) closing
monitoring and controlling
The outputs of the ________ process include change request status updates, project management plan updates, and project document updates. A) monitoring and controlling B) initiating C) executing D) planning
monitoring and controlling
The project scope management knowledge area maps to the ________ process group through the activities of scope validation and scope control. A) monitoring and controlling B) planning C) executing D) initiating
monitoring and controlling
In project time management, a(n) ________ is an output of controlling the schedule A) activity attribute B) project management plan update C) activity duration estimate D) milestones list
project management plan update
In the ________ stage of selecting information technology projects, organizations define project scope, benefits, and constraints. A) business area analysis B) information technology strategy planning C) resource allocation D) project planning
project planning
The role of a ________ is to provide direction and funding for a project. A) support staff member B) project manager C) project team D) project sponsor
project sponsor
A(n) ________ is a table that lists requirements, their various attributes, and the status of the requirements to ensure that all are addressed. A) entity-attribute-value model B) state transition table C) requirements traceability matrix D) Gantt chart
requirements traceability matrix
Cost variance is: A) the rate of performance minus earned value. B) the earned value minus the actual cost. C) the planned value plus actual costs. D) the planned value minus the rate of performance.
the earned value minus the actual cost.
The business case includes information on ________. A) policies, procedures, guidelines, and systems that influence a project's success B) relevant government or industry standards. C) the project objective, high-level requirements, and time and cost goals D) the business need for the project
the project objective, high-level requirements, and time and cost goals
The question, "What is the project's schedule?" is an example of a(n) ________ constraint.
time
The ________ model of a systems development life cycle assumes that requirements will remain stable after they are defined. A) waterfall life cycle B) spiral life cycle C) incremental build life cycle D) RAD life cycle
waterfall life cycle
The amount of time an activity can be delayed without delaying the early start date of any immediately following activities is known as a ________. A) fast tracking B) forward pass C) backward pass D) free slack
free slack
The critical path on a project can change as the project progresses. A) True B) False
True
The scope management plan can be informal and broad or formal and detailed, based on the needs of the project. A) True B) False
True
A(n) ________ for a project is the series of activities that determine the earliest time by which the project can be completed. A) Critical Path B) Critical Route C) Critical Diagram D) Critical Network
Critical Path
________ are revenues minus expenditures
Profits
Which of the following is a difference between an activity list and an activity attribute? A) An activity list provides a more concrete list of milestones for a project than an activity attribute. B) An activity attribute is a tabulation of activities to be included on a project schedule whereas an activity list is not. C) An activity attribute provides more schedule-related information about each activity than an activity list. D) As opposed to an activity attribute, an activity list provides resource requirements and constraints related to activities.
An activity attribute provides more schedule-related information about each activity than an activity list.
Which of the following best describes outsourcing? A) An organization's use of virtual teams with employees located in different countries B) An organization's acquisition of goods and services from an outside source C) An organization selling its products in a market outside its domestic market D) An organization setting up manufacturing and retailing facilities in a new country
An organization's acquisition of goods and services from an outside source
A project manager's primary role is to provide the funding for a project A) True B) False
False
________ analysis is a method of 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. A) Cash flow B) Cost of capital C) Net present value D) Payback
Net present value
Which of the following is a proactive process undertaken to reduce the probability of negative consequences associated with project risks? A) Defect repairs B) Performance reports C) Corrective actions D) Preventive actions
Preventive actions
A ________ is an organizational group responsible for coordinating the project management function throughout an organization. A) Project Management Professional B) Project Management Center C) Portfolio Group D) Project Management Office
Project Management Office
________ includes the processes required to ensure that a project team completes a project within an approved budget. A) Project quality management B) Project cost management C) Project time management D) Project scope management
Project cost management
In the ________ phase of the project life cycle, the work is completed, and customers should accept the entire project.
close-out closeout close out
One of the main outputs of the ________ process is a cost baseline. A) cost estimating B) cost budgeting C) cost planning D) cost controlling
cost budgeting
The main goal of the ________ process is to produce a cost baseline for measuring project performance and project funding requirements. A) cost controlling B) cost planning C) cost budgeting D) cost estimating
cost budgeting
A(n) ________ refers to a product or service, such as a technical report, a training session, a piece of hardware, or a segment of software code, produced or provided as part of a project. A) system B) deliverable C) resource D) input
deliverable
In project time management, the ultimate goal of ________ is to provide a basis for monitoring project progress for the time dimension of the project. A) sequencing activities B) defining activities C) developing a schedule D) estimating activity resources
developing a schedule
The improvement of the product and processes in the Scrum method is discussed at the ________. A) kick-off meeting B) sprint review meeting C) daily Scrum meeting D) sprint reflection meeting
sprint reflection meeting
A difference between strategic and tactical goals is that: A) strategic goals are more specific than tactical goals. B) tactical goals encompass broader dimensions than strategic goals. C) tactical goals are more important for a project than strategic goals. D) strategic goals are long-term in nature whereas tactical goals are short-term.
strategic goals are long-term in nature whereas tactical goals are short-term.
A ________ is usually not necessary to the Scrum method. A) velocity estimate B) product backlog C) team contract D) Gantt chart
team contract