OM435HW1

15. A project statement of work (SOW) would use or include information from each of the following sources except: a) Project charter b) Strategic plan c) Business need d) Product scope description

A

16. All projects should be aligned with their organization's strategic plan, which includes the organization's vision, goals, and objectives. Which of these is the definition of a vision statement? a) Conveys a larger sense of organizational purpose, and is both inspiring and guiding. b) Describes short and long term results along with measures to determine if they have been achieved. c) Includes the organization's core purpose, core values, beliefs, culture, primary business, and primary customers. d) Is SMART: specific, measurable, achievable, results-based, and time-specific

A

20. A business case typically contains information regarding the business need and a financial analysis. Which financial model divides the cash flow by the initial cash outlay? a) Benefit-Cost Ratio (BCR) b) Internal Rate of Return (IRR) c) Net Present Value (NPV) d) Payback Period (PP)

A

28. Customer responsibilities on a project might include all of the following EXCEPT: a) Perform the work of the project to achieve its objectives b) Advise on project requirements c) Review and accept project deliverables d) Participate in status or kick-off meetings

A

5. Projects pass through a series of phases as they move from initiation to project closure. The names and number of these phases can vary significantly depending on the organization, the type of application, industry, or technology employed. These phases create the framework for the project, and are referred to collectively as the: a) Project life cycle b) Project management information system (PMIS) c) Product life cycle d) Quality methodology

A

11. A collection of projects, programs, and operations managed as a group to achieve strategic objectives is called a: a) Process b) Portfolio c) Subprogram d) Life cycle

B

23. ____ organization structures can be classified as weak, balanced or strong depending on the relative level of influence between the functional manager and the project manager: a) Silo b) Matrix c) Composite d) Projectized

B

4. In which project management process group would you find those processes that establish the scope of effort for the project, refine the project objectives, and define the course of action to achieve the objectives? a) Initiating process group b) Planning process group c) Executing process group d) Monitoring and Controlling process group

B

7. The responsibilities of a project management office (PMO) and the degree of control that it provides can cover a broad spectrum. All of these are examples of types of PMO structures within organizations except: a) Controlling - require compliance through various means b) Selective - review business cases and select and prioritize projects to be initiated. c) Supportive - perform a consultative role through training, templates, and best practices d) Directive - provide a high degree of control by directly managing the projects.

B

10. In Adaptive Life Cycles (change - driven or agile methods) __ a) The overall scope of the project is fixed and the time and cost are developed incrementally. b) The overall cost is fixed and the project scope and schedule are developed iteratively. c) The time and cost are fixed but the scope is developed iteratively. d) Change control is very important.

C

12. Projects may be undertaken as a result of any of the following strategic reasons except: a) Social need b) Market demand c) Executive discretion d) Environmental considerations

C

13. A narrative description of products, services or results to be delivered by the project is a: a) Request for information b) Business case c) Project statement of work d) Elevator pitch

C

18. The document that includes the necessary information to determine whether a project is worth the required investment, and is used for decision making by upper management, is called the: a) Project Scope Statement b) Project Charter c) Business Case d) Case Study

C

19. The author notes that contractors seeking external customers should also use a project selection / portfolio alignment process. Once an external customer and contractor have reached a consensus on the initial intentions for the contracted work, their understanding is documented in: a) A statement of work (SOW) b) A business case c) An agreement d) A strategic alliance

C

21. All of the following are characteristics of a projectized organization EXCEPT: a) Decision making is streamlined b) Coordination is the responsibility of project managers c) Functional managers have majority of authority d) Focus is on the customer

C

26. The project sponsor's responsibilities during the executing stage include: a) Reviewing and signing the project charter b) Signing off on the detailed project plan c) Ensuring communications with key stakeholders d) Producing project status reports

C

27. Group phenomena which evolve over time and include established approaches to initiating and planning projects, the acceptable means for getting the work done, and recognized decision-making authorities are referred to as: a) Organization structures b) Roles and responsibilities c) Project culture (norms) d) Vision and mission

C

3. In order to be successful, the project team must be able to assess the needs of stakeholders and manage their expectations through effective communications. At the same time they must balance competing demands between project scope, schedule, budget, risk, quality, and resources, which are also known as project _____? a) Plan elements b) Deliverables c) Constraints d) Targets

C

30. PMI's Code of Ethics and Professional Conduct is a guide for project management practitioners that describes the expectations that they should hold for themselves and others. Which of these is not one of the desired behaviors and basic obligations referenced by the code of conduct? a) Fairness b) Honesty c) Authority d) Respect

C

6. Based on PMI's definition, which of these is a good example of a project? a) Manufacturing a standard commodity b) Following policies and procedures for procuring an item c) Designing and launching a new website d) Using a checklist to perform quality control

C

8. When would a predictive project life cycle be the preferred approach? a) When the high-level vision has been developed, but the product scope is not well defined. b) When the environment is changing rapidly. c) When the product to be delivered is well understood. d) When the product will be created through a series of repeated cycles.

C

1. Which project role provides resources or support for the project, promotes and protects the project at higher levels of management, and takes an active role in the project from the chartering stage through project closure? a) Functional manager b) Project manager c) Project team member d) Project sponsor

D

22. Characteristics of an organizational culture can have a major impact on a project's success. All of these are attributes of an organizational culture EXCEPT: a) Motivation and reward systems b) Risk tolerance c) Code of conduct d) Financial control procedures

D

25. In an agile life cycle model _____: a) The scrum master controls the team b) Detailed planning precedes execution c) Customer requirements are gathered early in the project d) The team is self-directed

D

14. Program management helps determine the optimal approach for managing interdependent projects in order to achieve benefits and control. Program management activities might include all of the following except: a) Aligning organizational and strategic direction b) Managing shared client relationships c) Resolving issues and change management d) Resolving resource constraints

B

17. Which group within the organization is responsible for integrating data and information from corporate strategic projects, and using corporate measurement systems to evaluate how strategic objectives are being fulfilled? a) Chief Information Officer b) Project Management Office c) Project Sponsors d) Operations Management

B

2. Which PMBOK® Guide Knowledge Area includes those processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully? a) Cost management b) Scope management c) Risk management d) Quality management

B

24. A hierarchical organization where each employee has one clear superior, staff are grouped by areas of specialization and managed by a person with expertise in that area is known as a: a) Composite organization b) Functional organization c) Projectized organization d) Weak matrix organization

B

29. The Chief Projects Officer or PMO's responsibilities might include: a) Signing the project charter b) Ensuring enough resources are available to perform the project c) Working with the team to create a project schedule and budget d) Promoting the project at the executive level of the organization

B

9. To be effective, a project manager needs to possess all of the following competencies except: a) Personal effectiveness - attitudes, core personality traits, leadership b) Authority - power or right granted by the organization c) Performance - what the project manager can accomplish while applying their project management knowledge d) Knowledge of project management - understanding of project management tools and techniques

B