Project Management 438

Project procurement management mainly involves:

Buying goods and services for a project from outside the performing organization

An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. This would be an example of

Corrective action

What is the project's budget? This is an example of a project's ____constraint

Cost

Work performance information and cost forecasts are main outputs of the ____ process

Cost control

3. _______are new requirements imposed by management, government, or some external influence.

Directives

Leadership style has no impact on the success of virtual teams.

False

The ROI is always positive

False

The burndown chart is a Scrum created artifact that provides a list of features prioritized by business value.

False

The enterprise project management software, which aids project and portfolio management, is a low-end tool

False

The scope baseline in a WBS consists of the requirements documentation and enterprise environmental factors.

False

The tasks in a WBS must be developed as a sequential list of steps.

False

The team members of a virtual team are all of the same nationality.

False

When deciding what projects to invest in or continue, one should include sunk costs.

False

When you separate business and organizational issues from project management planning, you do a better job of ensuring project success.

False

What is a systems development life cycle? What are some of the predictive models associated with the systems development life cycle?

Framework for describing the phases involved in developing information systems. Phases: Analysis->design->implementation->testing Predictive models: Waterfall model, Spiral model, incremental build, prototyping model, Rapid application development (RAD) model

Projects must operate in a broad organizational environment, and project managers need to consider projects within the greater organizational context. _______ describes this holistic view of carrying out

Systems Thinking

Payback occurs when:

The net cumulative benefit equals the net cumulative costs

What is integrated change control? What are the main objectives of integrated change control?

The process for reviewing all change requests, approving and controlling changes to deliverables and organizational assets. The main objective of integrated change control is the ability to influence the factors that create changes to ensure benefits.

The business case includes information of the

The project objective, highlevel requirements and time and cost goals

Which of the following is true of analogous estimates

They are most reliable when previous projects are similar in fact with current projects

Fast tracking is an example of a tool used in ______ management.

Time

approach for constructing a WBS involves refining the work into greater and greater levels of detail.

Top-down

analogous estimates are also known as

Top-down estimates

A cost management plan can include organizational procedures links, control thresholds, and process descriptions.

True

Definitive estimates are made one year or less prior to project completion.

True

Identifying the project sponsor is a pre-initiation task.

True

Initiating processes take place during each phase of a project.

True

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

True

The project scope statement, stakeholder requirements documentation, and organizational process assets are the primary inputs for creating a WBS.

True

is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.

Work breakdown structure

What is a work breakdown structure?

a deliverable-oriented grouping of project elements which will ultimately organize and define the total scope of the project. Organizes the team's work into sections

4. A(n) _____ is a methodology that converts value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics.

balanced scorecard

A rough order of magnitude estimate can be referred to as a

ball park estimate

5. A category of software that can help align projects with business strategy is called ______ tools.

business services management

In the ______ phase of the project life cycle, the work is completed, and customers should accept the entire project.

close out

8. In addition to providing input for budgetary estimates, the process of _______provides a cost baseline.

cost budgeting

7. One of the first reality checks on scheduling that a project manager should make is to review the _______

draft schedule

The project stakeholder management knowledge area maps to the ______ process group by identifying stakeholders.

initiating

indirect costs are:

not directly related to the products or services of a project

9. The ______ is the portion of the approved total cost estimate planned to be spent on an activity during a given period.

planned value

The budget is one of three values of earned value management and is also known as

planned value

Developing a _____ is a planning process that occurs in the Project Integration Management knowledge area.

project management plan

Profits may be defined as

revenues minus expenditures

6. ______ is the tendency for project scope to keep getting bigger and bigger.

scoop creep

10. The total direct and indirect costs incurred in accomplishing work on an activity during a given period is known as the _______.

Actual Cost

____ processes include defining and authorizing a project or project phase.

Initiating

Which of the following is true of earned value

It is an estimate of the value of the physical work actually completed

Which of the following is true about the agile method?

It uses several iterations or deliveries of software instead of waiting until the end of the project to provide a product

Why is top management commitment crucial for project managers?

Managers need adequate resources Require approval for unique projects in a timely manner Must have cooperation from people in other parts of the organization Need mentors and leadership coaches for various issues

PMP Certification

Obtaining a PMP certificate displays ones knowledge and mastery of project management at a global level. Its benefits include a higher market value as well as more credibility towards your career and leads to a raise in pay.

A network diagramming technique in which boxes represent activities is known as a(n)

PDM

states that work expands to fill the time allowed

Parkinson's law

In a ______organizational structure, program managers, rather than functional managers or vice presidents, report to the CEO. Their staffs have a variety of skills needed to complete all required tasks within their programs.

Project

is an organizational group responsible for coordinating the project management function throughout an organization.

Project management office

The improvement of the product and process in the Scrum method is discussed at the

Sprint reflection meeting