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