TLI 213 ch 1- project management

A common rule of thumb for high technology products is that a six month delay in project execution can result in lost market share of what amount?

A)10% B)25% C)33% D)50% C

What positions are now more likely to be in the role of project manager as the result of increased focus on customer service?

A)Account executives B)Sales representatives C)C-level managers D)Administrative assistants A,B

___ methodologies emerged out of frustration with using traditional project management processes to develop software.

agile, agile project management

In the ____ stage, specifications of the project are defined; project objectives are established; teams are formed; major responsibilities are assigned.

defining

Fundamentally, Agile PM employs an incremental, iterative process sometimes referred to as a "____ _____ " approach to complete projects

rolling wave

A project is not ____ work.

routine, repetitive, everyday

A project is not ____ work. (Fill in the blank with one word.)

routine, repetitive, or everyday

With Agile project management, instead of trying to plan for everything up front, the ____ of the project evolves.

scope

Why is it important for a project team member to understand the customer's priorities?

A)Because when the priority is established, it will never change and thus allow for good decisions. B)Because it aids in knowing which problems to delegate upward to the customer. C)Because it allows a team member to make independent decisions to achieve project goals. C

In project management, the term program would best fit which of the following examples?

A)Designing a new automobile B)Launching a chain of restaurants C)Managing a production line in a factory D)Building a skyscraper B

How does a project scope statement help a project team?

A)It defines the project team organization. B)It provides clarity of purpose for the project. C)It explains the project priority. B

Project management requires knowledge of which of the following technical project management skills?

A)Managing corporate politics B)Developing a work breakdown structure. C)Developing a project scope. B,C

Identify the necessary sociocultural skills for project managers.

A)Managing customer communication and expectations B)Using project software to plan, control, and schedule a project C)Motivating project team members D)Managing corporate politics A,C,D

Which of the following best describes a group of related projects that are managed together to accomplish something over a long period of time?

A)Program B)Grand project C)Process D)Project group A

Project management is a results oriented management system that necessitates which of the following?

A)Relying solely on project management software. B)Holding a certification in project management from the Project Management Institute. C)Working with a specific set of tools. D)Building collaborative relationships with diverse stakeholders. D

Which of the following should a project manager allow their customers to do?

A)Schedule project team members B)Unilaterally change the project scope C)Request changes to the project scope D)Negotiate directly with outside vendors used for project tasks C

Why has time to market become increasingly important in project management?

A)Speed has become a competitive advantage. B)Taking more time ensures better quality. C)Organizations have many other projects to complete. D)Marketing needs time to develop the promotional campaign. A

What can be said about companies that use many small projects to run their business?

A)There are always enough people to handle all the projects. B)Project prioritization becomes an issue. C)All tools in the Project Management Body of Knowledge (PMBOK) must be used. D)They generally face resource allocation problems. B,D

Project management is the best fit for which type of work?

A)Training employees B)Distributing end-of-month reports C)Running a production line D)Developing a new product D

The "triple bottom line" is best characterized as ___.

A)a focus on tripling an organization's profit margins B)a focus on profit, the environment, and society. C)a goal of reducing carbon footprint by 300%. D)a set of reporting requirements for project managers B

A successful project manager must be ___.

A)an effective leader. B)an effective manager. C)a technical expert for the project team. D)both a leader and a manager. D

Project management is a necessary discipline in many businesses because ___.

A)new products must be developed and introduced to the market quickly. B)projects play an increasing role in the strategic direction of firms. C)few college programs are teaching project management. D)corporate priorities are expanding to include environmental and social issues. A,B,D

Since product complexity has increased the need to integrate divergent technologies, good project managers must be ___.

A)technically proficient in all project related aspects B)able to integrate multiple technical disciplines C)technical experts in the endeavor being undertaken B

The major goal of a project is _____.

A)to be completed on time B)to be completed within the allocated budget C)to satisfy a customer's need D)to satisfy the project manager's expectation C

The role/title "project manager" carries with it many responsibilities, including: select all that apply

A)ultimate responsibility for project success. B)changing the scope of the project when required. C)managing customer expectations. D)coordinating project team members that often have competing or different priorities. A,C,D

The _____ stage includes three activities: delivering the project product to the customer, redeploying project resources, and conducting a post-project review.

closing

Project management is critical both to developing ____ products and services.

customized, unique

In the ___ stage, time, cost, and specification measures are used for control.

executing

In the _____ stage, a major portion of the project work takes place—both physical and mental

executing

True or false: Small projects carry less risk than large projects.

false

The growth in new ___ has increased the complexity of projects.

knowledge

____ _____ is rapidly becoming a standard way of doing business.

project management