Prin of Project Man. - Chapter 1,2,&3 Test
Altering the specifications of an ongoing project is referred to as
scope creep
How many different types of project organizations are there?
unlimited
A functional project structure is NOT characterized by:
improved communications
A major advantage of concurrent engineering is:
it helps reduce project duration
A subdivision of a program is a(n)
project
A(n) ___________ shows the set of all tasks in a project arranged by task level
Work Breakdown Structure
According to your text, the use of sticky-notes can be particularly useful for constructing a(n)
Work Breakdown Structure
Given a hurdle rate of 12% and an expected inflation rate of 2%, the discount factor for the second year of a project s life is:
.77
If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:
5
Defining resource needs is not necessary on small projects.
F
In addition to managing the project, the project manager must also select the project s organizational form.
False
A pure project organization is usually too expensive for the management of small projects
TRUE
Lack of planning is a major contributor to project s failure.
True
"Projectitis" is most likely to occur in which type of project organizational structure?
a pure project organization
In the Design Structure Matrix
both the rows and columns correspond to tasks
A disadvantage of empowerment is the lack of timely feedback
f
A disadvantage of using scoring models for selecting projects is that they are biased to favor short-run projects
f
A disadvantage of using scoring models rather than financial models for selecting projects is that they cannot include the project s profitability.
f
A disadvantage of using the discounted cash flow method (or net present value method) for selecting projects is that it cannot be adjusted to account for inflation.
f
A key deficiency of the aggregate project plan is that it provides little information about the resources committed to the various projects.
f
A project that is selected because it is necessary for continued operations exemplifies a sacred cow
f
A similarity between project management and general management is the tendency to manage by exception.
f
An action plan typically does not include resource requirements.
f
An advantage of pure project organization is its great depth of technical knowledge.
f
As a rule of thumb, the lowest level tasks in a typical project should not take longer than two days to complete.
f
As a rule of thumb, the number of factors included in a scoring model should be at least 10.
f
Concurrent engineering is typically only applicable to new product development projects.
f
Cross divisional project communication is enhanced when a project is organized in a functional project organization
f
Functional project organizations have higher personnel costs than pure project organizations.
f
If the performance of all subsystems is optimized, it follows that the overall system is optimum.
f
In general, financial methods for selecting projects are preferable to scoring models because the former are objective and the latter are basically subjective.
f
In project management, superior-subordinate relationships are known and lines of authority are clear.
f
Project team conflict stifles team creativity.
f
Project war rooms discourage team cooperation, morale and communications
f
Conflict occurs mainly at the beginning of the project.
f?
A matrix project that closely resembles the pure project is referred to as
strong matrix
"The operation was a success but the patent died" best exemplifies
suboptimization
A disadvantage of using the payback period method for selecting projects is that it cannot reflect the time-value of money.
t
A matrix organization is a combination of pure project organization and functional organization
t
A primary purpose for creating a work breakdown structure is to make sure important tasks are not overlooked.
t
A primary purpose of forming projects is to assign the responsibility for accomplishing some organizational task to a specific person or small group.
t
A project manager needs both technical and administrative credibility.
t
A representative of senior management should be invited to the project launch meeting
t
Concurrent engineering would support manufacturing production personnel being involved in the design of a new product.
t
Functionally organized projects are not seen as a high priority by functional managers.
t
Having responsibility for the outcome of a project without the authority of rank or position is common in project management.
t
High self-esteem is an important characteristic of successful project team members
t
In general, financial methods are inadequate for selecting projects
t
In project management, it is often necessary to trade-ff one objective for another
t
A matrix that illustrates the magnitude of both product and process changes resulting from a project is called
the aggregate project plan