Exam 1

6. _____ processes include defining and authorizing a project or project phase. a. Initiating b. Planning c. Executing d. Monitoring and controlling

A Initiating

3. A _____ is an organizational group responsible for coordinating the project management function throughout an organization. a. Project Management Office b. Project Management Professional c. Project Management Center d. Portfolio Group

A Project Management Office

15. The _____ approach for constructing a WBS involves refining the work into greater and greater levels of detail. a. analogy b. bottom- up c. top-down d. mind mapping

A analogy

8. The project stakeholder management knowledge area maps to the _____ process group by identifying stakeholders. a. initiating b. planning c. executing d. monitoring and controlling

A initiating

5. In a _____organizational structure, program managers, rather than functional managers or vice presidents, report to the CEO. Their staffs have a variety of skills needed to complete all required tasks within their programs. a. project b. symbolic c. matrix d. functional

A project

10. The improvement of the product and process in the Scrum method is discussed at the _____. a. sprint reflection meeting b. sprint review meeting c. kick-off meeting d. daily Scrum meeting

A sprint reflection meeting

2. Fast tracking is an example of a tool used in ______ management. a. time b. quality c. communication d. risk

A time

16. A network diagramming technique in which boxes represent activities is known as a(n) _____. a. PDM b. CPM c. ADM d. PERT

A PDM

The total direct and indirect costs incurred in accomplishing work on an activity during a given period is known as the______.

Actual Costs

7. Developing a _____ is a planning process that occurs in the Project Integration Management knowledge area. a. Schedule Management Plan b. Project Management Plan c. WBS d. Quality Management

B Project Management Plan

4. Projects must operate in a broad organizational environment, and project managers need to consider projects within the greater organizational context. _____ describes this holistic view of carrying out projects within the context of the organization. a. Linear Analysis b. Systems Thinking c. Reductionism d. The Silo Approach

B Systems Thinking

1. Project procurement management mainly involves: a. making effective use of the people involved with the project. c. generating, collecting, disseminating, and storing project information. b. buying goods and services for a project from outside the performing organization. d. identifying and analyzing stakeholder needs while managing and controlling their engagement.

B buying goods and services for a project from outside the preforming organization

11. Payback occurs when: a. the net cumulative benefits minus costs equal one b. the net cumulative benefits equal the net cumulative costs c. the net costs are lower than the cumulative benefits d. the cumulative benefits are doubled the cumulative costs

B the net cumulative benefits equal the net cumulative costs

22. Analogous estimates are also known as _____ estimates. a. Bottom-up b. top-down c. parametric d. budgetary

B top-down

A(n) ______ is a methodology that converts value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics

Balance Scorecard

A category of software that can help align projects with business strategy is called _______ tools

Business Service Management (BSM)

25. Which of the following is true of earned value? a. it is the actual cost plus the planned cost b. It is based solely on the total cost estimate to be spent on an activity c. It is an estimate of the value of the physical work actually completed d. It is also known as the planned value

C It is an estimate of the value of the physical work actually completed

9. Which of the following is true about the agile method? a. It is often used when a project team can express the scope early in the product life cycle b. It is used when a project team wants to provide a potentially shippable product earlier rather than later c. it uses several iterations or deliveries of software instead of waiting until the end of the project to provide the product d. It is used when project teams want to use the predicative approach to a project.

C It uses several iterations or deliveries of software instead of waiting until the end of the project to provide the product

17. _____ states that work expands to fill the time allowed. a. Murphy's Law b. Miller's Law c. Parkinson's Law d. Einstein's Law

C Parkinson's Law

23. Which of the following is true of analogous estimates? a. their main disadvantage is that they cost more than other techniques b. they are the only technique which do not require expert judgement c. They are most reliable when previous projects are similar in fact with current projects d. they use project characteristics in a mathematical model to estimate project costs

C They are most reliable when previous projects are similar in fact with current projects

18. Work performance information and cost forecasts are main outputs of the _____ process. a. cost budgeting b. cost estimating c. cost control d. cost pricing

C cost control

12. The business case includes information on _____. a. the business need for the project b. relevant government or industry standards c. the project objective, high-level requirements, and time and cost goals d. policies, procedures, guidelines, and systems that influence a project's success

C the project objective, high-level requirements, and time and cost goals

In addition to providing input for budgeting estimated, the process of ________ provides a cost baseline.

Cost Budgeting (usually included in project charter)

13. An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. This would be an example of _____. a. cost forecasting b. a preventive action c. defect repairs d. a corrective action

D a corrective action

21. A rough order of magnitude estimate can be referred to as a _____ estimate. a. definitive b. budgetary c. final d. ballpark

D ballpark

20. Indirect costs are: a. directly related to preforming the project b. those that cannot be allocated to projects c. those that can be easily controlled be managers d. not directly related to the products or services of a project

D not directly related to the products or services of a project

24. The budget is one of the three values of earned value management and is also known as _____. a. earned value b. actual cost c. indirect cost d. planned value

D planned value

19. Profits may be defined as: a. expenses plus net income b. costs plus revenues c. revenues plus expenses d. revenues minus expenditures

D revenues minus expenditures

14. A(n) _____ is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project. a. project charter b. business case c. project scope statement d. work breakdown structure

D work breakdown structure

_______ are new requirements imposed by management, government, or some external influence

Directives

One of the first reality checks on scheduling that a project manager should make is to review the______

Draft Schedule

Leadership style has no impact on the success of virtual teams

False

The Burndown chart is a Scrum created artifact that provides a list of features prioritized by business value

False

The ROI is always positive

False

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

False

The scope baseline in a WBS consists of the requirements documentation and enterprise environmental factors

False

The tasks in a WBS must be developed as a sequential list of steps

False

The team members of a virtual team are all of the same nationality

False

When deciding what projects to invest in or continue, one should include sunk costs

False

When you separate business and organizational issues form project management planning, you do a better job of ensuring project success

False

The _______ is the portion of the approved total cost estimate planned to be spent on an activity during a given period.

Planned Value (PV) or Budgeting

______ is the tendency for a project scope to keep getting bigger and bigger

Scope Creep

A cost management plan can include organizational procedures links, control thresholds, and process descriptions

True

Definitive estimates are made one year or less prior to project completion

True

Identifying the project sponsor is a pre-initiaton task

True

Initiating processes take place during each phase of a project

True

Project human resource management is concerned with making effective use of the people involved with a project

True

The project scope statement, stakeholder requirements documentation, and organizational process assets are the primary inputs for creating a WBS

True

In the ______ phase of the project life cycle, the work is completed, and customers should accept the entire project

close-out

"What is the projects budget?" This is an example of a project's______ constraint.

cost