IS 438 exam 1
The kick-off meeting is always held before the business case and project charter are completed.
False
Earned value management is a tool primarily used in resource management.
False
In an earned value chart, when the actual cost line is right on or above the earned value line, it indicates that costs are less than planned.
False
Initiating processes are not required to end a project.
False
Key outcomes of the executing process group are formal acceptance of the work and creation of closing documents.
False
Managing the triple constraint primarily involves making trade-offs between resources and quality.
False
Most people believe that the underlying causes of many companies' problems can be traced to its organizational structure.
False
One of PERT's main disadvantages is that it does not address the risk associated with duration estimates.
False
Project managers should lead projects in isolation in order to truly serve the needs of the organization.
False
The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project
False
Which document should list and describe all of the deliverables required for the project?
scope statement
A difference between strategic and tactical goals is:
strategic goals are long-term in nature whereas tactical goals are short-term.
What are new requirements imposed by management, government, or some external influence referred to as?
Directives
Which method is used for determining the estimated annual costs and benefits for a project?
Cash flow analysis
Which planning process is associated with project scope management?
Collecting requirements
What process involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project's products are correct and complete?
Configuration management
Which process involves working with stakeholders to create the document that formally authorizes a project?
Developing the project charter
Which approach to product development is currently used by many organizations so a predictive set of steps is used as an overall means to coordinate more detailed steps that are adaptively managed?
Hybrid
What statement is true regarding a return on investment or ROI?
It is always a percentage.
Which characteristic of organizational culture describes the degree to which management's decisions take into account the effect of outcomes on people within the organization?
People focus
Which perspective on organizations assumes that organizations are coalitions composed of varied individuals and interest groups?
Political frame
In which product life cycle the scope, schedule, and cost are determined early, and changes to scope are carefully managed?
Predictive
Which process is undertaken to reduce the probability of negative consequences associated with project risks?
Preventive actions
____________ includes the processes involved in defining and controlling what work is or is not included in a project.
Project scope management
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
Until the 1980s, project management primarily focused on providing _____ and resource data to top management in the military, computer, and construction industries.
Schedule
_____ is the tendency for project scope to keep getting bigger and bigger
Scope Creep
________ are sets of interacting components working within an environment to fulfill some purpose.
Systems
Which problem-solving approach requires defining the scope of a system, dividing it into its components, and then identifying and evaluating its problems, opportunities, constraints, and needs?
Systems analysis
Which statement is true of tangible costs?
They can be easily measured.
Which objective is true of projects?
They have a unique purpose.
Which attribute is true of low-end tools of project management software?
They provide basic project management features.
In project management, the three limitations of scope, time, and cost are referred to as the _______.
Triple Constraints
Change requests are always made in writing.
True
Every project should have a well-defined objective.
True
Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project.
True
Project managers must take adequate time to identify, understand, and manage relationships with all project stakeholders.
True
To define activities, the project team should start with reviewing the schedule management plan, scope baseline, enterprise environmental factors, and organizational processes.
True
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?
direct
How does critical chain scheduling protect tasks on the critical chain from being delayed?
feeding buffers
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?
free slack
What does the process of controlling costs primarily involve?
managing changes to the project budget
Which document is most likely to include planned project start and end dates which serve as the starting points for a detailed schedule?
project charter
What is developed in the Project Integration Management knowledge area?
project management plan
Which is an input of the process of controlling costs?
work performance data