Quiz 1

Which of the following questions reflect the strategic goals of project portfolio management?

Are projects on time and on budget?

Individual projects always address strategic goals whereas portfolio management addresses tactical goals.

False

To be a successful manager, the only skills an IT project manager needs to possess is excellent technical skills.

False

Joe is a project manager in an IT company and has over the years, gained substantial knowledge in his area of work. However, while managing his team, he often loses his temper. In addition, he fails to be an active listener when his team members approach him with work related challenges. In which of the following areas does Joe need to develop his skills in?

Human relations skills

The _______________ is an international professional society for project managers founded in 1969.

PMI

Passing the CPA exam is the standard for accountants. Similarly passing the PMP exam is one of the standards for __________________________________.

Project Managers

Which of the following is a difference between projects and operations?

Projects are temporary endeavors whereas an organization's operations are ongoing in nature.

Steve, a software engineer in a technology company, is at present working on a home construction software project. The home construction software is being built for the Robinson family, the owners of a home construction business. Steve is working with his project team and support staff to ensure the project is completed on time. In such a scenario, the project sponsor is ______________________.

The Robinson Family

A key reason why project management is challenging is because of the factor of uncertainty.

True

Every project should have a well-defined objective.

True

Projects that arise as a result of problems, directives, or changes in laws must be resolved quickly to avoid hurting an organization's business.

True