Chapter 1: Modern Project Management

In the _____________ stage of the project life cycle, project objectives are established, teams are formed, and major responsibilities are assigned. A. Identifying B. Defining C. Planning D. Executing E. Closing

B

Projects should align with the organization's overall strategy in order to A. Complete the project safely. B. Reduce waste of scarce resources. C. Ensure customer satisfaction. D. Secure funding. E. None of these are reasons why projects should align with the organization's overall strategy.

B

A professional organization for project management specialists is the A. PMI. B. AMA. C. MIS. D. IPM. E. PMBOK.

A

Governance of all project management processes and procedures helps provide senior management with all of the following EXCEPT A. A method to ensure projects that are important to senior management are being implemented B. An assessment of the risk their portfolio of projects represents C. An overview of all project management activities D. A metric to measure the improvement of managing projects relative to others in the industry E. A big picture of how organizational resources are being used

A

The Integrated Management of Projects includes all of the following EXCEPT: A. Profit projections B. Environmental analysis C. Customer D. Project management system E. The organization's environment and culture

A

Two dimensions within the project management process are A. Technical and sociocultural. B. Cost and time. C. Planned and unexpected. D. Established and new. E. Unique and reoccurring.

A

Which of the following is NOT one of the stages of a project life cycle? A. Identifying B. Defining C. Planning D. Executing E. Closing

A

A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a A. Strategy. B. Program. C. Campaign. D. Crusade. E. Venture.

B

Corporate downsizing has increased the trend toward A. Reducing the number of projects a company initiates. B. Outsourcing significant segments of project work. C. Using dedicated project teams. D. Shorter project lead times. E. Longer project lead times.

B

Which dimension of project management centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project? A. Communication B. Sociocultural C. Social D. Technical E. Scheduling

B

Which of the following characteristics is not typical of a project manager? A. Managing a temporary activity B. Possesses in-depth technical knowledge C. Managing a non-repetitive activity D. Manages independently of the formal organization E. Provides a direct link to the customer

B

Which of the following constraints is not typically found in managing projects? A. Time B. People C. Cost D. Performance E. Both B and D are not typical constraints

B

Which of the following is NOT typical of a project manager? A. Managing a temporary activity B. Overseeing existing operations C. Managing a nonrepetitive activity D. Responsible for time, cost and performance trade-offs E. Work with a group of outsiders, including vendors and suppliers

B

Which of the following is a good example of a program? A. Planting a garden B. Developing a new residential area that includes six custom homes C. Developing a new marketing plan D. Taking notes each class meeting to prepare for the final E. Planning a wedding

B

Which of the following is the number one characteristic that is looked for in management candidates? A. Overall intelligence B. Works well with others C. Experience D. Past successes E. Good references

B

Which of the following statements is true? A. Project management is far from a standard way of doing business B. Project management is increasingly contributing to achieving organizational strategies C. Project management is being used at a consistent percentage of a firm's efforts D. Project management is a specialty that few organizations have access to E. All of these statements are false

B

Which of these is NOT part of the "sociocultural dimension" of project management? A. Negotiation B. Resource allocation C. Managing customer expectations D. Leadership E. Dealing with politics

B

A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a loss of product revenue share of ___ percent A. 10 B. 20 C. 33 D. 45 E. 50

C

From 1994 to 2004 the trend for projects late or over budget was: A. Significantly better B. Slightly better C. About the same D. Slightly worse E. Significantly worse

C

In the _____________ stage of the project life cycle the project's schedule and budget will be determined. A. Identifying B. Defining C. Planning D. Executing E. Closing

C

The advent of project management has been most profound in A. Automobile manufacturing B. Construction C. Information technology D. The U.S. Department of Defense E. Film making

C

Which of the following activities is the best example of a project? A. Processing insurance claims B. Producing automobiles C. Writing a policy manual D. Monitoring product quality E. Overseeing customer requests

C

Which of the following is NOT a reason why project management has become a standard way of doing business? A. Increased need for skilled management of stakeholders outside of organization B. Projects need to be done faster C. Organizations are doing more project work in-house instead of outsourcing D. Organizations are executing more and more projects E. Increased product complexity and innovation

C

Which of the following is the first step in developing a set of strategies designed to best meet the needs of customers? A. Market Research B. Define the Integrated Project Management System C. Environmental Analysis D. Project Selection E. All of the above are correct

C

Which of the following represents the correct order of stages within the project life cycle? A. Planning, Defining, Executing, Closing B. Closing, Planning, Defining, Executing C. Defining, Planning, Executing, Closing D. Executing, Defining, Planning, Closing E. Planning, Defining, Closing, Executing

C

Which of these is NOT part of the "technical dimension" of project management? A. WBS B. Budgets C. Problem solving D. Schedules E. Status reports

C

In the _____________ stage of the project life cycle you are more likely to find status reports, changes, and the creation of forecasts. A. Identifying B. Defining C. Planning D. Executing E. Closing

D

In the _____________ stage of the project life cycle, a major portion of the physical project work performed. A. Identifying B. Defining C. Planning D. Executing E. Closing

D

Integration of project management with the organization takes place with the A. Master budget B. Strategy plan C. Process of managing actual projects D. Both B and C are correct E. A, B, and C are all correct

D

Which of the follow is NOT one of the commonly heard comments of project managers? A. Where did this project come from? B. Why are we doing this project? C. How can all these projects be first priority? D. Why is this project so strongly linked to the strategic plan? E. Where are we going to get the resources to do this project?

D

Which of the following activities is NOT considered a project? A. Developing a new software program B. Designing a space station C. Preparing the site for the Olympic Games D. Production of automobile tires E. Developing a new advertising program

D

Which of the following choices is NOT one of the driving forces behind the increasing demand for project management? A. Compression of the product life cycle B. Knowledge explosion C. Development of third world and closed economies D. More emphasis on the product and less on the customer E. Corporate downsizing

D

Which of the following is NOT considered to be a characteristic of a project? A. An established objective B. A clear beginning and end C. Specific time, cost and performance requirements D. For internal use only E. Something never been done before

D

Which of the following is NOT one of the driving forces behind the increasing demand for project management? A. Compression of the product life cycle B. Knowledge explosion C. Increasing need for multiproject management D. Declining need for product customization E. More sustainable business practices

D

Which of the following is NOT true about project management? A. It is not limited to the private sector B. Many opportunities are available for individuals interested in this career path C. It improves one's ability to plan, implement and manage activities to accomplish specific organizational objectives D. It focuses primarily on technical processes E. It is a set of tools

D

Which of the following statements is true? A. Project management is becoming a standard way of doing business B. Project management is increasingly contributing to achieving organizational strategies C. Project management is being used at a consistent percentage of a firm's efforts D. Both A and B are true E. A, B, and C are all true

D

As the number of small projects increase within an organization's portfolio, what is a challenge an organization faces? A. Sharing resources B. Measuring efficiency C. Managing risk D. Prioritizing projects E. All of these are challenges

E

In the _____________ stage of the project life cycle project the product is delivered to the customer and resources are reassigned. A. Identifying B. Defining C. Planning D. Executing E. Closing

E

Project governance does NOT include A. Setting standards for project selection. B. Overseeing project management activities. C. Centralization of project processes and practices. D. Options for continuous improvement. E. Allowing project managers to plan the project the way they see fit.

E

Project management is ideally suited for a business environment requiring all of the following EXCEPT A. Accountability. B. Flexibility. C. Innovation. D. Speed. E. Repeatability.

E

Project management is important to understand when people are a part of a project team because they A. Work with others to create a schedule and budget. B. Need to understand project priorities so they can make independent decisions. C. Need to be able to monitor and report project progress. D. Need to understand the project charter or scope statement that defines the objectives and parameters of the project. E. All of these are reasons it is important for project team members to understand project management.

E

The importance of project management has increased due to A. The movement of manufacturing operations out of the U.S B. Time to market C. The movement toward flatter and leaner organizations D. Both a and b are true E. A, B, and C are all true

E

Which of the following has been used as part of a group of different tools to manage projects? A. Job costing B. Partnering C. Bar charts D. Networks E. All of these have been used

E

Which of the following has increased the demand for project management? A. ISO 9000 certification B. Specialization and concentration of knowledge C. Time to market D. The reduction in small projects and increase in large projects E. Both A and C are correct

E

Which of the following is typically the responsibility of a project manager? A. Meeting budget requirements B. Meeting schedule requirements C. Meeting performance specifications D. Coordinating the actions of the team members E. All of these are typical responsibilities

E