Exam 1 CIT 263 Project Management

Select an example of external stakeholders for an organization.

Competitors

A Gantt chart is the same as a project management plan.

False

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

False

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

False

A milestone list is an output associated with the Project Scope Management knowledge area.

False

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

False

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

False

Agile methods are used when deliverables have a low degree of change.

False

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

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

False

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

False

Managing the triple constraint primarily involves making trade-offs between resources and quality.

False

Opportunities and directives are essentially the same thing.

False

Project managers should lead projects in isolation in order to truly serve the needs of the organization.

False

Systems analysis addresses the business, technological, and organizational issues associated with creating, maintaining, and modifying a system.

False

The ROI is always positive.

False

The importance of stakeholders' needs and expectations is limited to the beginning of a project.

False

The kick-off meeting is always held before the business case and project charter are completed.

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

To be a successful manager, the only skills an IT project manager needs to possess are excellent technical skills.

False

In Rizzati Corp, vice presidents in departments such as engineering, manufacturing, IT, and human resources report directly to the chief executive officer and undertake their tasks independently of each other. The staffs of these departments have specialized skills in their respective disciplines. Which type of organizational structure does Rizatti Corp have?

Functional

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

Functional

Which of the following is true of the project life cycle?

In the early phases of a project life cycle, resource needs are usually lowest.

Which characteristic of organizational culture refers to the degree to which the organization monitors and responds to changes in the external environment?

Open-systems focus

Which characteristic of organizational culture describes the degree to which management's decisions take into account the effect of outcomes on people within the organization?

People focus

Which project management knowledge area primarily involves generating, collecting, disseminating, and storing project information?

Project communications management

Which goal distinguishes project management and portfolio management?

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

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

Project scope management

Which characteristic highlights a difference between projects and operations?

Projects are temporary endeavors whereas an organization's operations are ongoing in nature.

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

Grey's Infotech sells customized hardware and software solutions for businesses. The salespeople for Grey's have a strict dress code when meeting clients. They are required to wear dark business suits, in order to convey the company's dedication to quality. The meaning conveyed to the clients' through the salespeople's clothing is part of the _____ frame of the organization.

Symbolic

Which objective is true of projects?

They have a unique purpose.

A sprint review is a meeting in which the team demonstrates to the product owner what it has completed during the sprint

True

According to the symbolic frame, the most important aspect of any event in an organization is not what actually happened, but what it means.

True

An organization that uses a project organizational structure earns their revenue primarily from performing projects for other groups under contract.

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

Project managers in matrix organizations have staff from various functional areas working on their projects.

True

Project managers work with the project sponsors to define success for particular projects.

True

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

True

The DMAIC (Define, Measure, Analyze, Improve, and Control) methodology of the Six Sigma projects, is used to improve an existing business process.

True

The WBS provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance.

True

The executing process group generally requires the most resources

True

The level of activity and length of each process group varies for every project.

True

What is the first step in determining the NPV?

determine the estimated costs and benefits for the life of the project and the products it produces

What process provides enterprise environmental factors as an output?

project human resource management

Which information is included in a business case?

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

Which section of the project management plan includes external interfaces, internal structure, as well as roles and responsibilities?

project organization

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