IS 438 EXAM 1

Leadership style has no impact on the success of virtual teams.

False

The ROI is always positive.

False

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

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 from project management planning, you do a better job of ensuring project success.

False

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

Identifying the project sponsor is a pre-initiation task.

True

Initiating processes take place during each phase of a project.

True

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

A. Initiating

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

A. Initiating

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

A. PDM

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

A. Sprint Reflection Meeting

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

A. Time

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

Actual Cost

Developing a _____ is a planning process that occurs in the Project Integration Management knowledge area. a. schedule management plan c. WBS b. project management plan d. quality management

B. Project Management Plan

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 c. Reductionism b. Systems thinking d. The silo approach

B. Systems Thinking

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

B. Top Down

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

True

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 performing organization.

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

B. the net cumulative benefits equal the net cumulative costs.

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

BUSINESS SERVICE MANAGEMENT

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

C. Cost Control

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

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

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. c. It uses several iterations or deliveries of software instead of waiting until the end of the project to provide a product. b. It is used when a project team wants to provide a potentially shippable product earlier rather than later. 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 a product.

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 c. matrix b. symbolic d. functional

C. Matrix

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

C. Parkinson's Law

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

C. Project Management Center

Which of the following is true of analogous estimates? a. Their main disadvantage is that they cost more than other techniques. c. They are most reliable when previous projects are similar in fact with current projects. b. They are the only technique which do not require expert judgement. 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.

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

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

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

C. top down

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

CLOSE OUT

"What is the project's budget?" This is an example of a project's _____ constraint.

COST

In addition to providing input for budgetary estimates, the process of _____ provides a cost baseline.

Cost budgeting

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

D. Ballpark

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 c. defect repairs b. a preventive action d. a corrective action

D. Corrective Action

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

D. Planned Value

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

D. Revenues minus expenditures

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 c. project scope statement b. business case d. work breakdown structure

D. Work Breakdown Structure

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

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

_____ 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

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

Planned Value

_____ is the tendency for project scope to keep getting bigger and bigger.

Project Creep

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.

SCORE CARD

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

True