Chapter 1 concepts modern project management

On what does Agile project management focus? (Select all that apply.)

Adapting to changing requirements Breaking projects into small functional pieces Collaboration between the project team and customer representatives

The "triple bottom line" is made up of what three elements?

Planet. Profit. People.

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

Program

PMI provides certification for someone who has documented sufficient project experience, agreed to follow the PMI code of professional conduct, and demonstrated mastery of the field of project management by passing a comprehensive examination. What is this certification called?

Project Management Professional

Who manages the Agile team?

The team

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

able to integrate multiple technical disciplines

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

defining

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

routine / repetitive / everyday

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

scope

Place these stages in the project life cycle in the correct sequence from beginning to end.

1) defining stage 2) planning stage 3) executing stage 4) closing stage

A common rule of thumb in the world of high-tech product development is that a 6-month project delay can result in a ____ % loss in product revenue share.

33

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?

33%

Which of the following is one of the primary functions of project management?

Balancing trade-offs between time, cost and performance.

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

Because it allows a team member to make independent decisions to achieve project goals.

What is the PMI certification designed for qualified undergraduate and graduate students who want a credential to recognize their mastery of the project management knowledge?

Certified Associate in Project Management

How does a project scope statement help a project team?

It provides clarity of purpose for the project.

the _____ _____ _____ is a professional organization for project managers.

Project, Management, Institute

Categorize the following. projects routine

Projects: Writing a term paper , Choice, Setting up a sales kiosk for a meeting Setting up a sales kiosk for a meeting , Choice, Developing a supply-chain information system Developing a supply-chain information system routine: Taking class notes , Choice, Responding to supply-chain requests Responding to supply-chain requests , Choice, Attaching tags on a manufactured product Attaching tags on a manufactured product

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

Request changes to the project scope

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

Rolling Wave

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

Sales representatives Account executives

Select all that apply Which of the following statements are true?

Skill sets needed to complete a project may not always be available within a company. Project managers may need to work with outsiders who do not share the same project allegiance. Project managers are typically the direct link to the customer.

Agile works best with what types of teams?

Small teams

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

a focus on profit, the environment, and society.

A successful project manager must be ___.

both a leader and a manager.

Project management is a necessary discipline in many businesses because ___. (Select all that apply.)

corporate priorities are expanding to include environmental and social issues. new products must be developed and introduced to the market quickly. projects play an increasing role in the strategic direction of firms.

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

customized

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

knowledge

Project uncertainty varies according to the extent the project scope is ____ and _____

known stable

In balancing the time, cost, and performance requirements of a project, a good project manager must always ___.

manage trade offs between the three to satisfy the customer.

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

managing customer expectations. ultimate responsibility for project success. coordinating project team members that often have competing or different priorities.

Project planning requires

predictability

a _____ is a group of related projects designed to accomplish a common goal over an extended period of time.

program

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

project

s rapidly becoming a standard way of doing business.

project management

Project managers are ultimately ____ for performance

responsible

The major goal of a project is _____.

to satisfy a customer's need

Traditional project management focuses on thorough planning _____.

upfront