BIT 415 Exam 1

In project procurement management, which process involves completion and settlement of each contract, including resolution of any open items?

controlling procurements

Which characteristic of organizational culture refers to the degree to which employees identify with the organization as a whole, rather than with their types of job or profession?

Member identity

In which of the following areas of management is payback analysis most likely to be used?

Cost

The _____ lists the relative probability of a risk occurring and the relative impact of the risk occurring.

Cost

_____ contracts involve payment to the supplier for direct and indirect actual costs and often include fees.

Cost-reimbursable

The outputs of which process include change request status updates, project management plan updates, and project document updates?

Monitoring and controlling

Which analysis technique simulates a model's outcome many times to provide a statistical distribution of the calculated results?

Monte Carlo

Which process involves working with stakeholders to create the document that formally authorizes a project?

Developing the project charter

What are new requirements imposed by management, government, or some external influence referred to as?

Directives

Which tool is most likely to be used in project schedule management?

Gantt charts

Which of the following is true of a matrix organizational structure?

In a strong matrix organizational structure, the project manager controls the project budget and has moderate to high authority.

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

Systems Thinking

Which perspective of an organization focuses on different groups' roles and responsibilities in order to meet the goals and policies set by top management?

Structural frame

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

The _____ frame of an organization focuses on providing harmony between the needs of the organization and the needs of people.

human resources

Which is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions?

interviewing

_____ refers to a set of shared assumptions, values, and behaviors that characterize the functioning of an organization.

organizational culture

Which process involves prioritizing risks based on their probability of occurrence and impact?

performing qualitative risk analysis

The procurement statements of work are an output of the _____ process of project procurement management

planning

In project procurement management, which process involves determining what to procure, when, and how?

planning procurement management

In what type of organizational structure do project managers have the most authority?

project

Outsourcing to provide extra workers during periods of peak workloads can be much more economical than trying to fill entire projects with internal resources. Which advantages does this characteristic of outsourcing provide organizations?

provides flexibility

Which process involves selecting information technology projects and assigning resources?

resource allocation

Team building exercises and motivation techniques are tools used in _____ management.

resources

Which document contains results of various risk management processes; it is often displayed in a table or spreadsheet format?

risk register

Steve, an engineer in a construction company, is at present working on a home construction project. The home is being built for the Robinson family, the owners of the home. 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

What is the first step in the planning process?

tie the information technology strategic plan to the organization's overall strategic plan

Which project management knowledge area ensures that the project will satisfy the stated or implied needs for which it was undertaken?

Project Quality Management

Which knowledge area involves defining and managing all the work required to complete the project successfully?

Project scope management

The role of a _____ is to provide direction and funding for a project.

Project sponsor

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

Which is true of lump-sum contracts?

They involve a fixed total price for a well-defined product or service.

_____ is a qualitative risk analysis tool that maintains an awareness of risks throughout the life of a project in addition to identifying risks.

Top Ten Risk Item Tracking

Which stage of information technology planning outlines business processes that are central to achieving strategic goals and helps determine which ones could most benefit from information technology?

business area analysis

Project procurement management mainly involves:

buying goods and services for a project from outside the performing organization.