ISM 5315 - Exam 1
CH4: The Just-In-Time training project team decided to use the project management process groups for the level ______ tasks in its WBS. A) 1 B) 2 C) 3 D) 0
2
CH3: In Phase I of the Just-In-Time Project, Kristin estimated that the project would have a ______ percent discounted return on investment and payback in the second year after implementing the new training program. A) 27 B) 97 C) 107 D) 7
27
CH2: Which of the following statements is false concerning agile project management? A) An agile mindset is part of agile project planning. B) It allows the teams to pivot more frequently. C) Product managers focus on the why while program and project managers focus on the how and when. D) A roadmap sets a tactical plan and goals for completing a major undertaking such as building and releasing a product.
A roadmap sets a tactical plan and goals for completing a major undertaking such as building and releasing a product.
CH 5: Which of the following statements is true? A) Agile projects never use Gantt charts. B) Agile projects include a detailed schedule for the entire project. C) Agile projects must still consider dependencies between activities. D) Agile projects do not require cost planning.
Agile projects must still consider dependencies between activities.
CH 5: Using a(n) ______ approach to developing cost estimates requires a good deal of expert judgement and is generally less costly than others are, but it can also be less accurate. A) Bottom-up B) Parametric C) Expert judgement D) Analogous
Analogous
CH1: The ______ are of project management knowledge refers to the domain or industry to which project management is applied. A) Implementation B) Application C) Coordination D) Validation
Application
CH4: For agile projects, the user stories created in an initial product backlog are often elaborated in more detail at the start of each iteration in a process called ______. A) Backlog refinement B) Decomposition C) Sprint backlog creation D) Sprint planning
Backlog refinement
CH4: ______ is the process of teams progressively elaborating and reprioritizing the work to determine what can be accomplished during that iteration. A) Story card creation B) Backlog refinement C) Time-boxing D) WBS planning
Backlog refinement
CH 5: ______ estimates involve estimating individual activities and summing them to get a project total. A) Provisional B) Temporary C) Ad hoc D) Bottom-up
Bottom-up
CH3: What document provides justification for investing in a project? A) Benefits management plan B) Project charter C) Business case D) Net present value analysis
Business case
CH 5: Which of the following is not an agile estimating method? A) Parametric estimating B) Bucket system C) Affinity estimating D) Planning poker
Parametric estimating
CH3: A rhythm of activities conducted throughout the process is called ______. A) Iterative B) Incremental C) Framework D) Cadence
Cadence
CH3: A business ______ is a document that provides justification for investing in a project. A) Blueprint B) Template C) Charter D) Case
Case
CH3: Some projects have a senior manager called a(n) ______ who acts as a key proponent of a project. A) Champion B) Advocate C) Coach D) Sponsor
Champion
CH 5: ______ is a technique for making cost and schedule trade-offs to obtain the greatest amount of schedule compression for the least incremental cost. A) Fast-tracking B) Parametric modeling C) Crashing D) De-scoping
Crashing
CH3: A ______ is a product or service produced or provided as part of a project. A) Requirement B) Result C) Process D) Deliverable
Deliverable
CH 5: Duration estimates are provided as a ______ number, such as four weeks; as a range, such as three to five weeks; or as a three-point estimate. A) Factional B) Continuous C) Random D) Discrete
Discrete
CH 5: What type of dependences are defined by the project team and sometimes referred to as soft logic? A) Discretionary B) Internal C) External D) Mandatory
Discretionary
CH1: The nature of information technology projects is different from projects in many other industries because they are very ______. A) Challenging B) Technical C) Expensive D) Diverse
Diverse
CH3: Predictive projects involve five project management process groups: initiating, planning, ______, monitoring and controlling, and closing. A) Executing B) Designing C) Delivering D) Maintaining
Executing
CH 5: Agile teams estimate user stories separately. (T/F)
False
CH 5: Every item on a WBS needs to be on the network diagram. (T/F)
False
CH 5: It is poor practice to use more than one approach for creating a cost estimate. (T/F)
False
CH 5: Some agile teams use the Kanban method for project cost estimating. (T/F)
False
CH 5: The goal of the activity definition process is to replace the scope statement. (T/F)
False
CH1: Most organizations claim that project management delivers higher profit margins at the expense of worker morale. (T/F)
False
CH1: Portfolio managers are required to have previous experience as project or program managers. (T/F)
False
CH 5: There are ______ basic attributes of dependencies among project activities. A) Six B) Four C) Three D) Five
Four
CH3: Which of the following is not part of the continuum of development approaches? A) Iterative B) Hybrid C) Agile D) Predictive
Hybrid
CH1: Demand for software to help manage agile projects has ______. A) Peaked B) Decreased C) Increased D) Not been measured
Increased
CH1: A ______ focuses on long-term goals while inspiring people to reach those goals. A) Manager B) Leader C) Scrum master D) Project manager
Leader
CH1: Examples of ______ include leadership, communications and motivation. A) Methods B) Tools C) Models D) Artifacts
Models
CH3: Which of the following statements is true concerning the GCHC project? A) It did include a business case. B) It included only one scrum team. C) It did not include a project manager, per the scrum guide. D) Most of the team members would be working virtually.
Most of the team members would be working virtually.
CH 5: Where should you include a buffer on a project schedule? A) On non-critical path activities B) Nowhere C) Before the project's due date D) On every activity
On every activity
CH 5: A three-point estimate is an estimate that includes a(n) ______, most likely, and pessimistic estimate, such as three weeks, four weeks, and five weeks, respectively. A) Optimistic B) Remote C) Conditional D) Unusual
Optimistic
CH3: You can create a ______ grid as part of a stakeholder analysis. A) Power/interest B) Stakeholder C) Scrum D) Probability/impact
Power/interest
CH1: A ______ is a temporary endeavor undertaken to create a unique product, service or result. A) Portfolio B) Program C) Project D) Process
Project
CH1: ______ coordinate the work of all other project management knowledge areas. A) Project management B) Project integration management C) Project management D) Project portfolio management
Project integration management
CH1: Which of the following is a disadvantage of virtual teams as compared to traditional teams? A) Increased costs for office space and support. B) Reduced opportunities for informal transfer of information. C) Limited flexibility in team working hours. D) Reduced dependence on technology and processes for accomplishing work.
Reduced opportunities for informal transfer of information.
CH2: Which of the following is a benefit of program management? A) Optimizing resources B) Decreasing authority C) Investing money D) Saving time
Saving time
CH 5: The project team beings to develop a ______ by first clearly defining all the activities it needs to perform. A) Charter B) Schedule C) Scope D) Work flow diagram
Schedule
CH1: If it is crucial to meet schedule and cost goals, the ______ must be flexible. A) Scope B) Resources C) Time-frame D) Risk
Scope
CH3: After a project is approved, senior managers should meet to determine the ______, time and cost constraints for the project. A) Range B) Scope C) Boundary D) Vision
Scope
CH4: To define the ______ of the project accurately, it is very important to ensure consistency between the project charter, scope statement, WBS, Gantt chart, and related documents. A) Parameters B) Scope C) Vision D) Charter
Scope
CH1: ______ is a lightweight framework that helps people, teams, and organizations generate value through adaptive solutions for complex problems. A) Project management B) Scrum C) Agile D) Portfolio management
Scrum
CH4: The hierarchy for a value breakdown structure starts with an initiative at the top, then epics, and then ______. A) Tasks B) Deliverables C) Activities D) Stories
Stories
CH3: For a large training project, there is often a(n) ______ project done first before investing in a larger project. A) Advance B) Simulated C) Study D) Preparatory
Study
CH3: A stakeholder analysis is a technique for analyzing information to determine which stakeholders' interests to focus on and how to increase stakeholder ______. A) Funding B) Support C) Interest D) Power
Support
CH4: Planning includes tasks related to each of the ______ project management knowledge areas. A) Four B) Sixteen C) Ten D) Five
Ten
CH 5: ______ means that completing all activities required to complete all work packages means you complete the project. A) Validation B) The 100% rule C) Verification D) Acceptance
The 100% rule
CH 5: Which agile estimating method is an extension of planning poker when there are many user stories, and the team is large? A) The bucket system B) Parametric modeling C) T-shirt sizing D) Affinity estimates
The bucket system
CH2: According to the ______ value of money, a dollar today is worth more than a dollar tomorrow. A) Time B) Economic C) Financial D) Discretionary
Time
CH 5: The SMART criteria are guidelines suggesting that milestones should be specific, measurable, attainable, relevant, and ______. A) Targeted B) Time-boxed C) Time-framed D) Timed
Time-framed
CH4: A requirements ______ ______ is a table that lists requirements, various attributes of each requirement, and the status of the requirements to ensure that all of them are addressed. A) Management matrix B) Traceability matrix C) Tracking tool D) Management plan
Traceability matrix
CH3: A ______ is a description of what a customer or user would want from a product or solution. A) User requirement B) Customer request C) User story D) Scrum backlog
User story
CH4: The main planning tasks performed as part of project scope management include planning scope management, collecting requirements, defining scope, and creating the ______. A) Requirements traceability matrix B) Requirements management plan C) Portfolio D) WBS
WBS
CH4: The MoSCoW method is a prioritization framework for time-boxed projects where the acronym stands for must-haves, should-haves, could-haves, and ______. A) Will not have B) Want to haves C) Will haves D) Will never have
Will not have
CH1: Which project constraint focuses on satisfying the customer? A) Quality B) Stakeholder management C) Resource Management D) Scope
Quality
CH2: Instead of annual strategy meetings, agile organizations often hold ______. A) Brainstorming sessions B) Scrums C) Retrospectives D) Quarterly business Reviews
Quarterly business reviews
CH 5: You are estimating costs with your large agile team, and there are many user stories. Which method would be most appropriate to use? A) T-shirt sizing B) Planning poker C) The Kanban method D) The bucket system
The bucket system
CH2: According to Dr. Robert Kaplan and Dr. David Norton, a balances scorecard rejects most traditional financial measures. (T/F)
False
CH2: Low - or medium - priority projects that can be finished in less time than high-priority projects should always be completed first. (T/F)
False
CH2: Most crucial projects, such as drug development or major transportation projects, will achieve payback in less than a year. (T/F)
False
CH3: The majority of project management processes occur as part of the executing process group. (T/F)
False
CH4: Work that is not included in the scope statement should be performed as needed. (T/F)
False
CH 5: The main disadvantage of ______ is that it can end up lengthening the project schedule, because starting some tasks too soon often increases project risk and results in rework. A) Reviewing B) Fast tracking C) Crashing D) Extending
Fast tracking
CH2: Instead of creating a set of structured projects with short-lived teams to execute them, ______ project portfolio management defines desired outcomes for an organization, focuses on value and revisits past decisions at least every quarter. A) Agile B) Strategic C) Organizational D) Lean
Lean
CH4: Project management ______ facilitate communication among stakeholders and provide a baseline for progress measurement and project control. A) Compacts B) Charters C) Contracts D) Plans
Plans
CH1: A ______ is defined as projects, program, subsidiary portfolios, and operations managed as a group to achieve strategic objectives. A) Hybrid approach B) Strategy C) Portfolio D) Core
Portfolio
CH2: ______ should be formed and continuously updated to help the organization as a whole make better strategic decisions. A) Projects B) Portfolios C) Programs D) Monitors
Portfolios
CH3: A ______ is a single source or work undertaken by a scrum team. A) Contract B) WBS C) User story D) Product backlog
Product backlog
CH3: A ______ is an emergent, ordered list of what is needed to improve the product. It is the single source of work undertaken by the scrum team. A) Scrum backlog B) Product roadmap C) Product backlog D) Product work breakdown structure
Product backlog
CH1: Which of the following is not an attribute of a project? A) Projects have a primary customer or sponsor B) Projects involve no uncertainty C) Projects are developed using progressive elaboration D) Projects are unique
Projects involve no uncertainty.
CH 5: After you determine the reason for a dependency between activities, you must determine the type of dependency. (T/F)
True
CH 5: Duration relates to the time estimate, not the effort estimate. (T/F)
True
CH1: A 2020 report estimated that the global project portfolio management market size would reach USD 11.4 billion by 2027. (T/F)
True
CH1: An artifact can be a template, document, output or project deliverable. (T/F)
True
CH1: In the past, project management primarily focused on providing schedule and resource data to top management in the military and construction industries. (T/F)
True
CH1: PMI's Agile Practice Guide defines agile as a term used to describe a mindset of values and principles as set forth in the Agile Manifesto. (T/F)
True
CH2: Organizations - both large and small - cannot undertake most of the potential projects identified because of resource limitations and other constraints. (T/F)
True
CH3: In an incremental approach, each increment builds on top of the previous one. (T/F)
True
CH3: It is good practice to send kick-off meeting minutes to all meeting participants and other appropriate stakeholders within a day or two of a meeting. (T/F)
True
CH3: You can categorize stakeholders as being unaware, resistant, neutral, supportive, or leading. (T/F)
True
CH4: As more information becomes available and decisions are made related to project scope, the project team should update the project scope statement. (T/F)
True
CH1: Which of the following statements is true concerning agile project management? A) You cannot use both agile and predictive project management tools on the same project. B) You should use a tool like Jira and not Microsoft Project on agile projects. C) You should first understand and use an agile mindset before trying to implement agile project management. D) All projects should be run using an agile framework such as scrum.
You should first understand and use and agile mindset before trying to implement agile project management.
