Project management total course

A category of project management software is high-end tools, sometimes referred to as enterprise project management software. These tools provide robust capabilities to handle very large projects and dispersed workgroups.

True

Interface management involves identifying and managing the points of interaction between various elements of a project.

FALSE

Opportunities and directives are essentially the same thing

FALSE

Project integration management must occur just within the context of a particular project

FALSE

Projects that address broad organizational needs are likely to fail.

FALSE

The ROI is always positive

FALSE

The number of interfaces in a single project is limited, and does not depend on the number of people involved in the project.

FALSE

The organization should complete low-priority projects before high-priority ones, if the low-priority ones take less time.

FALSE

A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not

False

A project manager's primary role is to provide the funding for a project.

False

Earned value management is a tool primarily used in human resource management.

False

Effective program managers recognize that managing a project is much more complex than managing a program.

False

Good project managers assume that their definition of success is the same as the sponsors.

False

In order to be realistic, a project manager should always set discrete goals instead of a range of objectives.

False

Opponents of a project do not belong to the category of stakeholders.

False

Project procurement management primarily involves identifying stakeholder needs while managing their engagement throughout the life of the project.

False

Questions about how a team will track schedule performance is related to a project's scope

False

Responsibility assignment matrices and project organizational charts are examples of tools used in procurement management.

False

The enterprise project management software, which aids project and portfolio management, is a low-end tool.

False

The only responsibility of a project manager is to meet the specific scope, time, and cost goals of a project.

False

The primary role of project stakeholder management is to ensure that the project will satisfy the stated needs for which it was undertaken.

False

A project involves uncertainty. Every project is unique and thus it is sometimes difficult to define its objectives clearly, estimate how long it will take to complete, or determine how much it will cost. This uncertainty is one of the main reasons project management is so challenging

True

An annual discount factor is a multiplier for each year based on the discount rate and year.

TRUE

As projects progress, the organization must reevaluate the need, funding, and will for each project to determine if the project should be continued, redefined, or terminated.

TRUE

In project integration management, directing and managing project execution involves carrying out the project management plan by performing the activities included in it.

TRUE

Information systems can help an organization support a strategy of being a low-cost producer.

TRUE

NPV analysis is a method for making equal comparisons between cash flows for multi-year projects

TRUE

Payback period is the amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project.

TRUE

Projects that arise as a result of problems and directives must be resolved quickly to avoid hurting an organization's business.

TRUE

Some organizations initiate projects using a contract in place of a project charter

TRUE

Which of the following best defines the role of leaders?

They inspire people to reach goals.

Which of the following is true of low-end tools of the project management software?

They provide basic project management features.

Which of the following is true of program managers?

They provide leadership and direction for project managers heading the projects within a program.

Which of the following tools can best help in efficient communication management?

Kick-off meetings

Which of the following types of tools is usually recommended for small projects and single users?

Low-end

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

A project is "a temporary endeavor undertaken to create a unique product, service, or result." Operations, on the other hand, is work done in organizations to sustain the business.

An organization should consider only projects with a negative NPV if financial value is a key criterion for project selection.

FALSE

An organization's information technology project selection process should guide the strategic plan.

FALSE

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

Are we investing in the right areas?

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

Cost

Which of the following refers to a set of principles that guides decision making based on personal values of what is considered right and wrong?

Ethics

A SWOT analysis, being a linear process, cannot be performed using the nonlinear mind mapping technique.

FALSE

A project charter typically does not authorize the project manager to use organizational resources to complete the project.

FALSE

Which of the following tools are most likely to be used in project time management?

Gantt charts

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

Which of the following statements is true of project management?

It does not guarantee successes for all projects.

Which of the following is a difference between low-end and midrange tools of the project management software?

Midrange tools are designed to handle larger projects than low-end tools.

Which of the following is true of projects?

One of the attributes of projects is that they has have a unique purpose. Every project should have a well-defined objective

Which of the following provides certification as a Project Management Professional?

PMI

A _____ is an organizational group responsible for coordinating the project management function throughout an organization.

Project Management Office

Which of the following project management knowledge areas primarily involve generating, collecting, disseminating, and storing project information?

Project communications management

Martha works as a project manager at a bank. Due to certain changes in external factors, Martha needs to make a few alterations in the tactical goals of her project. In such a scenario, which of the following will best help Martha cope with the change?

Project environment knowledge

Which of the following project management knowledge areas is an overarching function that affects and is affected by the different knowledge areas?

Project integration management

Which of the following is a difference between project management and portfolio management?

Project management addresses specific, short-term goals whereas portfolio management focuses on long-term goals.

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 of the following constraints is Galaxy currently facing?

Resources

A project is developed using progressive elaboration. Projects are often defined broadly when they begin, and as time passes, the specific details of the project become clearer. Therefore, projects should be developed in increments.

True

A project requires resources, often from various areas. Resources, however, are limited and must be used effectively to meet project and other corporate goals.

True

A project sponsor usually provides the direction and funding for a project

True

A project's stakeholders consist of its customers, users, and suppliers

True

A project's stakeholders consist of its customers, users, and suppliers.

True

As computer hardware became smaller and more affordable and software companies developed graphical, easy-to-use interfaces, project management software became less expensive and more widely used. New software makes basic tools such as Gantt charts and network diagrams inexpensive, easy to create, and available for anyone to update.

True

Before the 1980s, project management primarily focused on providing schedule and resource data to top management in the military, computer, and construction industries.

True

Effective program managers recognize that managing a program is much more complex than managing a single project.

True

Every project is constrained in different ways. For some projects, resources are the main concern

True

Every project should have a well defined objective and have a unique purpose

True

Good project managers do not assume that their definition of success is the same as the sponsors. They take the time to understand their sponsors' expectations and then track project performance based on important success criteria.

True

IT project managers must be willing to develop more than their technical skills to be productive team members and successful project managers. Everyone, no matter how technical they are, should develop business and soft skills.

True

Managing the triple constraint involves making trade-offs between scope, time, and cost goals for a project. Experienced project managers know that one must decide which aspect of the triple constraint is most important.

True

Motivation techniques, empathic listening, responsibility assignment matrices, project organizational charts, and team building exercises are tools used in human resource management.

True

Program managers are responsible for more than the delivery of project results. They are change agents responsible for the success of products and processes developed by these projects.

True

Project budgets, net present value, return on investment, payback analysis, and earned value management are tools used in cost management.

True

Project management knowledge areas describe the key competencies that project managers must develop. Project human resource management is concerned with making effective use of the people involved with the project.

True

Project management knowledge areas describe the key competencies that project managers must develop. Project procurement management involves acquiring or procuring goods and services for a project from outside the performing organization.

True

Project management knowledge areas describe the key competencies that project managers must develop. Project stakeholder management includes identifying and analyzing stakeholder needs while managing and controlling their engagement throughout the life of the product.

True

Project managers for large IT projects do not have to be experts in the field of IT, but they must have working knowledge of various technologies and understand how the project would enhance the business.

True

Project managers must strive not only to meet specific scope, time, cost, and quality goals of projects but also facilitate the entire process to meet the needs and expectations of people involved in project activities or affected by them.

True

Project managers work with the project sponsors, the project team, and other stakeholders to meet project goals. They also work with sponsors to define success for particular projects.

True

Project scope deals with questions such as, "What work will be done as part of the project?", "What unique product, service, or result does the customer or sponsor expect from the project?", or "How will the scope be verified?"

True

Project selection methods, project management methodologies, stakeholder analyses, work requests, and project charters are some of the tools used in integration management.

True

Projects are different from operations in that they end when their objectives have been reached or the project has been terminated.

True

Projects involve uncertainty and limited resources. Thus they rarely finish according to their original scope, time, and cost goals. Instead of discrete target goals, it is often more realistic to set a range of goals.

True

Quality metrics, maturity models, statistical methods, and test plans are some of the tools used in quality management

True

Stakeholders are the people involved in or affected by project activities, and include the project sponsor, project team, support staff, customers, users, suppliers, and even opponents of a project.

True

Stakeholders' needs and expectations are important in the beginning and throughout the life of a project. Successful project managers develop good relationships with project stakeholders to understand and meet their needs and expectations.

True

Tactical goals are generally more specific and short-term than strategic goals, which emphasize long-term goals for an organization. Individual projects often address tactical goals, whereas portfolio management addresses strategic goals.

True

Today's project management involves much more, and people in every industry and every country manage projects.

True

An important tool for project scope management is _____.

a work breakdown structure

Project procurement management mainly involves:

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

A Gantt chart is a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a ____ format.

calendar

A _____ is a tool used in quality management

checklist

A critical path:

determines the earliest completion date of a project.

Enterprise project management softwares are also known as _____ tools of project management software.

high-end

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

human resource

A _____ is a tool used in risk management

probability matrice

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

project sponsor

Project _____ management ensures that the project will satisfy the stated or implied needs for which it was undertaken

quality

Project _____ management involves defining and managing all the work required to complete the project successfully.

scope

A difference between strategic and tactical goals is that:

strategic goals are long-term in nature whereas tactical goals are short-term

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

Fast tracking is an example of a tool used in _____ management

time