PM Exam 1 Burns
the two major elements of the enterprise environment in which projects are implemented include ____ and ____
Organizational structure | Culture
Most change requests fall within all but one of the following categories? Answers: a. Operations changes to widen the types of equipment the software will run on b. Scope changes coming from stakeholders, customers c. Implementation or contingency plans d. Improvement changes suggested by project team members e. None of these alternatives is correct.
a. Operations changes to widen the types of equipment the software will run on
When identifying risks, one common mistake made early in the process is ________. Answers: a. to focus on objectives and not on the events that could produce consequences b. for participants to be overly-pessimistic c. to not consider all possibilities d. for participants to be overly-optimistic e. to give too much attention to past events
a. to focus on objectives and not on the events that could produce consequences
Which of the following is not a stakeholder group? Answers: a. Competitors b. Project sponsor c. Customers d. Project team e. Fellow employees who oppose the project
a. Competitors
According to PMBOK, which of the following is not one of the five phases that comprise the project lifecycle? Answers: a. Defining b. Monitoring and Controlling c. Planning d. Closing e. Executing
a. Defining
Which of the following is not part of the Covey strategy for personal planning? Answers: a. Determine your true south direction b. Once a week create a prioritized to do list c. All of these alternatives are parts of the Covey strategy for personal planning. d. None of these alternatives is part of the Covey strategy for personal planning. e. Continually clarify what is important to you
a. Determine your true south direction
Use the above scenario. What act would be chosen if the student is an inbetweenist with α = .5? (The in-betweenist criterion is calculated as the average of the row-max and row min columns). Answers: a. Do Project 1 b. Do Project 2 c. Do Project 3 d. Do Project 4
a. Do Project 1
Use the above scenario. What act would be the optimal choice if the student is a pessimist (the largest of the row minima) and does not know the probabilities of the states of nature? Answers: a. Do Project 1 b. Do Project 2 c. Do Project 3 d. Do Project 4 e. None of these alternatives is correct.
a. Do Project 1
Use the above scenario. What act would be the optimal choice if the student is a regrettist, again assuming uncertainty? (Find the Regret numbers in the Regret table and find the Row Max Regret for each alternative in the Regret table, for the Row Max column, pick the smallest. The Regret numbers are given by Regretij = Pj - Payoffij, and Pj is the column max; i is the row index for the four project choices and j is the column index for the three states.) Answers: a. Do Project 1 b. Do Project 2 c. Do Project 3 d. Do Project 4 e. None of these alternatives is correct.
a. Do Project 1
Use the above scenario. What act would be the optimal choice if the student is an optimist, (the largest of the row maxima) again assuming uncertainty? Answers: a. Do Project 1 b. Do Project 2 c. Do Project 3 d. Do Project 4 e. None of these alternatives is correct.
a. Do Project 1
The first step in the risk management process is ________. Answers: a. Identify the risks b. Assess the risks c. Develop responses to the identified risks d. Control the responses to the risks e. All of the alternatives are true.
a. Identify the risks
Every application regardless of whether it is a mobile one or a web-based application has three components. Which of the following is not one of the three? Answers: a. Interface/integration management b. Business-logic management c. Presentation management d. Data management
a. Interface/integration management
Which of the following would not be considered a threat? Answers: a. Meeting the project schedule b. Economic conditions c. International disruptions d. Competition e. Inflation
a. Meeting the project schedule
A professional organization for project management specialists is the ________. Answers: a. PMI b. IPM c. MIS d. PMBOK e. MBA
a. PMI
Which of the following tasks/activities is not considered a project? Answers: a. Production of automobile tires b. Designing a space station c. Developing a new software program d. Developing a new advertising program e. Preparing the site for the Olympic Games
a. Production of automobile tires
Which of the following is not part of the tradeoff triangle? Answers: a. Quality b. Scope c. Time d. Cost e. All of these alternatives are parts of the tradeoff triangle.
a. Quality
Which of these is not part of the "sociocultural dimension" of project management according to Larson and Gray? Answers: a. Resource allocation b. Negotiation c. Customer expectations d. Leadership e. Politics
a. Resource allocation
Which of the following is not true of risk? Answers: a. Significant amounts of planning will overcome risks. b. Risks create causes and consequences. c. Some potential risk events can be identified before the project starts. d. Risk management attempts to recognize and manage potential and unforeseen trouble spots. e. Risks are uncertain events or conditions, which if they happen, has a positive or negative effect on the project.
a. Significant amounts of planning will overcome risks.
Which of the following is not a tool we use to identify risks? Answers: a. Simulation b. Brainstorming c. Delphi technique d. SWOT Technique e. Interviewing
a. Simulation
In which step is a RBS (Risk Breakdown Structure) created? Answers: a. Step 1 b. Step 2 c. Step 3 d. Step 4 e. Step 5
a. Step 1
What is the greatest enemy of the 'best' thing we could do with our lives? Answers: a. The many good things we can do b. Distractions c. Not having enough resources d. The many bad things we can do e. None of these alternatives is correct.
a. The many good things we can do
Which of the following is not a commonly heard comment of project managers? Answers: a. Why is this project so strongly linked to the strategic plan? b. Where did this project come from? c. How can all these projects be first priority? d. Where are we going to get the resources to do this project? e. Why are we doing this project?
a. Why is this project so strongly linked to the strategic plan?
Integration of all project processes and practices to improve Project Management is due to ________. Answers: a. centralization b. environmental analysis c. the organization's environment and culture d. customer expectations e. project management system
a. centralization
To determine what's best for us we need to ________. Answers: a. clarify our values b. ask a mentor c. write a vision statement d. establish goals e. None of these alternatives is true.
a. clarify our values
A WBS is created from scratch by ________. Answers: a. decomposition of the work b. identifying milestones c. users exclusively d. defining phase exits e. choosing siblings of legitimate parents
a. decomposition of the work
Empowerment is ________. Answers: a. delegation with detachment b. possible without alignment c. governed by negotiations d. encouragement e. giving authority to do something
a. delegation with detachment
In terms of managing one's calendar, it is important to ________. Answers: a. do planning and scheduling once a week b. put the unimportant activities on your calendar first c. do planning and scheduling once a month d. All of these alternatives are true. e. Only a. and b. are true.
a. do planning and scheduling once a week
When creating a WBS, we stop breaking the work down when we get to parcels of work that can be ________. Answers: a. done by a single person in one to four weeks b. the bottom of the page c. tasks or activities d. All of these alternatives are correct. e. Only a. and c. are correct.
a. done by a single person in one to four weeks
Corporate downsizing has increased the trend toward ________. Answers: a. outsourcing significant segments of project work b. using dedicated project teams c. shorter project lead times d. longer project lead times e. reducing the number of projects a company initiates
a. outsourcing significant segments of project work
In Larson and Gray, the two dimensions within project management are ________ and ________. Answers: a. technical | sociocultural b. cost | time c. unique | reoccurring d. planned | unexpected e. established | new
a. technical | sociocultural
Covey is a strong proponent of once a ________ planning. Answers: a. week b. day c. year d. quarter e. month
a. week
key questions organizations must ask in conjunction with which organizational structure include all but _____
a. how much will the project cost and how will it take?
construction firms and consulting firms, where most of the work is project work, the most appropriate organizational structure is ____
a. projectized organizational structure
the weaknesses of a projectized organization include all but _____
a. the completion of projects is slow
which of the following is not an advantage of a functional organizational structure?
a. the level of focus is low.
in a matrix organizational structure, every team member has ____
a. two reporting authorities, two chains of command
If the expected payoff of perfect information is $100,000 and the expected return without additional information is $40,000, the expected value of perfect information is ________. Answers: a. $50,000 b. $60,000 c. $30,000 d. $40,000 e. $80,000
b. $60,000
What intermediate phenomenon appears to be particularly troublesome and has to do with lead time to perform change requests on existing apps? Answers: a. Applications had to reside entirely within the mainframe. b. Centralized MIS shops had lead times extending out to 36 months. c. Customer and competitive environments were changing rapidly. d. Mainframes were computational bottlenecks.
b. Centralized MIS shops had lead times extending out to 36 months.
Which of the following is not a stakeholder in most projects? Answers: a. Upper-level management b. Competitors c. Customers d. Line managers e. Users
b. Competitors
Which of the following is not necessary to have trustworthiness? Answers: a. Character b. Confidence c. Competence d. Integrity e. All of these alternatives are not necessary to have trustworthiness.
b. Confidence
Which of the following is not a project characteristic? a. Accomplished in teams b. Creates resources c. Has an objective or goal d. Has a definite starting time e. Has a definite stopping time
b. Creates resources
In which of the following phases is a major portion of the physical and mental project work performed? Answers: a. Delivering b. Executing c. Monitoring and Controlling d. Planning e. Initiating
b. Executing
What is the name of the software tool that delineates a timeline chart showing all of the activities and their start and stop dates? Answers: a. Control chart b. Gantt chart c. Work breakdown structure chart d. Network chart e. Flowchart
b. Gantt chart
According to Thomas Friedman, how often does project management get offshored? Answers: a. Sometimes b. Never c. Always d. Rarely e. Frequently
b. Never
In which of the following phases is it determined what the project effort will be, when the project will be scheduled, whom it will benefit, and what the budget will be? Answers: a. Executing b. Planning c. Initiating d. Closing e. Monitoring and controlling
b. Planning
In the urgency/importance matrix, which quadrant should we be living in? Selected Answer: Correctb. Quadrant II Answers: a. Quadrant I b. Quadrant II c. Quadrant III d. Quadrant IV e. Quadrant V
b. Quadrant II
Which of the following statements is not true about risk management? Answers: a. Risk management improves chances of reaching project performance objectives. b. Risk management is a reactive rather than a proactive approach. c. Risk management prepares a project manager to take advantage of risks. d. Risk management provides better control over the future. e. Risk management reduces surprises and negative consequences.
b. Risk management is a reactive rather than a proactive approach.
Which of the following is an undesirable effect emanating from the structure of the current reality tree? (Undesirable effects usually appear at or near the top of the current reality tree.) Answers: a. Mainframes were computational bottlenecks. b. Sales cannot see who among its clients are current on their payments. c. Customer and competitive environments were changing rapidly. d. Applications had to reside entirely within the mainframe.
b. Sales cannot see who among its clients are current on their payments.
In which step is the likelihood (probability) and impact (severity) of the risk determined? Answers: a. Step 1 b. Step 2 c. Step 3 d. Step 4 e. Step 5
b. Step 2
In multi-attribute problems, what do the weights sum to? Why? Answers: a. They sum to 1 so as to make the overall grade fall into the range 0 to 1. b. They sum to 1 so as to make the overall grade fall into the range 0 to 100. c. They sum to 10 as to make the overall grade fall into the range 0 to 1. d. They sum to any number so as to make the overall grade maximized.
b. They sum to 1 so as to make the overall grade fall into the range 0 to 100.
Delineation of a WBS should take place ________. Answers: a. after a network chart is created b. before a Gantt chart is composed c. concurrently with the Gantt chart d. All of these alternatives are correct. e. Only a. and c. are correct.
b. before a Gantt chart is composed
Covey suggests that we put the important stuff on our calendars ________. Answers: a. everyday b. first and once a week c. first and twice a week d. last and twice a week e. last and once a wee
b. first and once a week
If your project starts with existing code, rather than from scratch, then your project is considered to be a ________. Answers: a. predictive project b. maintenance project c. agile or adaptive project d. integration project e. development project
b. maintenance project
Strategy, when considered to be under purview of senior management, is ________. Selected Answer: Correctb. old school thinking Answers: a. beneficial to the Project Manager b. old school thinking c. necessary in a company structure d. depended on company goals e. a new school of management thought
b. old school thinking
Projects are ________ endeavors. Answers: a. repetitive b. temporary c. substantial d. enduring e. perpetual
b. temporary
Before you can apply the regret criterion, you have to do all of the following except ________. Answers: a. determine the payoffs b. determine state probabilities c. determine column maximums d. determine a regret number for each state/alternative pair
b. determine state probabilities
once the decision to pursue a project has been made, then the next question is _______
b. how will the project be implemented
which of the following is not an advantage of matrix organizational forms?
b. matrix organizational forms are fast, without stress
which of the following organizational structure super imposes a project structure upon an existing organization structure?
b. matrix organizational structure
Use the above scenario. What is the payoff of the optimal EV criterion? What is the optimal expected value? (In thousands of $.) Answers: a. 66 b. 55 c. 82 d. 47 e. None of these alternatives is correct.
c. 82
Giving consideration to the discussion about Burns, Figures 5.3a, 5.3b, and 5.6, what is the focal point and ultimate answer to the question 'What to change?' Answers: a. Customer and competitive environments were changing rapidly. b. Centralized MIS shops had lead times extending out to 36 months. c. Applications had to reside entirely within the mainframe. d. Mainframes were computational bottlenecks.
c. Applications had to reside entirely within the mainframe.
According to Burns, Figure 5.1, which of the following is not part of feasibility assessment? Answers: a. Test resource availability b. Test alignment with and impact on corporate strategy c. Assemble team d. Identify dependencies with other projects
c. Assemble team
There are ten knowledge areas within PMBOK; which one is not one of the ten? Answers: a. Scope b. Quality c. Budget d. Cost e. Time (schedule)
c. Budget
At the time, that the UDE symptoms of mainframe computers were encountered, two other technological developments were happening that made fixing these UDE symptoms possible. They were: Answers: a. Printers and peripherals were becoming less expensive. b. Desktop and notebook computers were becoming less expensive. c. Data communications and data storage was becoming very cheap. d. Windows operating system and software applications were becoming more prevalent.
c. Data communications and data storage was becoming very cheap.
Which of the following is not part of the Covey strategy for personal planning? Answers: a. Once a week create a prioritized to do list b. Continually clarify what is important to you c. Determine your true south direction d. All of these alternatives are parts of the Covey strategy for personal planning. e. None of these alternatives is part of the Covey strategy for personal planning.
c. Determine your true south direction
What's more important? Answers: a. Doing the thing right b. Doing the least harm c. Doing the right thing d. Doing everything e. Doing nothing
c. Doing the right thing
Which of the following is not one of the steps in the risk management process (either Larson & Gray or PMBOK)? Answers: a. Risk identification b. Risk assessment c. Risk tracking d. Risk response development e. Risk response control
c. Risk tracking
Which risk response step develops a strategy for reducing possible damage and develops a contingency plan? Answers: a. Step 1 b. Step 2 c. Step 3 d. Step 4 e. Step 5
c. Step 3
Which of the following is not one of Covey's seven habits? Answers: a. Begin with the end in mind b. Synergize c. Think win/lose d. Put first things first e. Be proactive
c. Think win/lose
The Goldratt methodology addresses three questions. Which of the following is not one of those questions? Answers: a. How to cause the change? b. What to change? c. Who will effect the change? d. What to change to?
c. Who will effect the change?
he risk graph (Larson & Gray, Figure 7.1) informs us of all of the following but ________. Answers: a. the chances of risks occurring decrease over the lifetime of the project b. initially, the chances of a risk occurring within a project are high c. at the delivering phase the cost to fix a risk event is low d. the cost to fix a risk event goes up over the lifetime of a project e. All of the alternatives are true.
c. at the delivering phase the cost to fix a risk event is low
A critical factor to ensure the success of integrating the strategic plan with projects lies in a process that ________. Answers: a. starts with top management's directives b. with projects first and integrates them with the strategic plan c. is open and published for all participants to review d. Both b. and c. are correct. e. All of these alternatives are correct.
c. is open and published for all participants to review
A(n) ________ is a risk event that can have a positive impact on project objectives. Answers: a. weakness b. milestone c. opportunity d. strength e. threat
c. opportunity
A series of coordinated, related, multiple projects that continue over extended time intended to achieve a goal is known as a ________. Answers: a. strategy b. crusade c. program d. venture e. campaign
c. program
A WBS delineates ________. Answers: a. cost b. schedule c. scope d. All of these alternatives are correct. e. Only a. and b. are correct.
c. scope
The expected value and expected regret criteria always ________. Answers: a. tell you what the expected payoff of perfect information is b. tell you what the expected benefits of using either is c. select the same alternative d. produce the same number or value e. tell you what the expected payoff of sample information is
c. select the same alternative
organizational structure issues get addressed _____
c. after the corporate strategy has been determined
a simple explanation of organizational culture is that it reflects the _______ of an organization
c. personality
which of the following is not true of dedicated project teams?
c. team members have other, outside responsibilities
which of the following is not a negotiated issue when it comes to matrix organizational structures?
c. what has to be done?
Which of the following is not true of project management structures? Answers: a. The project itself should be considered when determining which structure is best. b. They provide a framework for launching and implementing projects. c. They help determine who has most authority in regard to managing the project. d. In selecting a management structure, the culture of the organization is not a huge consideration. e. They appropriately balance the needs of both the parent organization and the project.
d. In selecting a management structure, the culture of the organization is not a huge consideration.
Projects create ________. Answers: a. products b. services c. results d. All of the alternatives are correct e. Only a. and b. are correct
d. All of the alternatives are correct
Good goal statements should ________. Answers: a. have a target date b. be measurable c. begin with the infinitive to d. All of these alternatives are correct. e. Only a. and b. are correct.
d. All of these alternatives are correct.
Projects with vague visions, objectives are ________. Answers: a. likely to fail b. more common than many project managers like to admit c. examples of reactive project management d. All of these alternatives are correct. e. Only a. and c. are correct.
d. All of these alternatives are correct.
Alignment is necessary because ________. Answers: a. while we are working on our firms' goals we must also be working on our goals b. our goals must align with our personal vision statement c. without alignment, empowerment leads to chaos, anarchy d. All of these alternatives are true. e. All of these alternatives are false.
d. All of these alternatives are true.
Goal setting is important because ________. Answers: a. it sets a direction for our lives b. it causes us to focus on the future c. it programs our success mechanism d. All of these alternatives are true. e. Only a. and c. are true.
d. All of these alternatives are true.
To establish vision and mission statements, we need to ________. Answers: a. determine what is needed within our domain of influence b. determine our values c. determine what we really enjoy doing d. All of these alternatives are true. e. Only a. and b. are true.
d. All of these alternatives are true.
Which of the following was a root cause of the current reality tree? (Root causes appear at the bottom of the tree and do not have arrows directed toward them.) Answers: a. Sales cannot see who among its clients are current on their payments. b. Mainframes were computational bottlenecks. c. Customer and competitive environments were changing rapidly. d. Applications had to reside entirely within the mainframe.
d. Applications had to reside entirely within the mainframe.
Which of the following is a main reason why project managers need to understand their organization's mission and strategy? Answers: a. They can better focus on the immediate customer. b. They can make appropriate decisions and adjustments. c. They can be effective project advocates. d. Both b. and c. are correct. e. All of these alternatives are correct.
d. Both b. and c. are correct.
________ and ________ are frequently used to cover project risks—identified and unknown. The former is used to lesson budget risk, while the latter is used to diminish schedule risk. Answers: a. Contingency funding | walkthroughs b. Testing | time buffers c. Prototyping | walkthroughs d. Contingency funding | time buffers e. Walkthroughs | testing
d. Contingency funding | time buffers
Which of the following was not one of the top three suggestions for how to be a star at work by Kelly? Answers: a. Take initiative b. Network with peers and bosses c. All of these alternatives are not suggestions for how to be a star at work by Kelly. d. Continually clarify your values and vision e. Aggressively self-manage your life and your career
d. Continually clarify your values and vision
Which of the following is not a tool we use to perform qualitative risk analysis? Answers: a. Probability/impact matrices b. Top-ten risk item tracking c. Expert judgement d. Decision Trees/simulation e. All of the alternatives are tools used for qualitative risk analysis.
d. Decision Trees/simulation
SCENARIO: A portfolio manager must decide among four different projects. He has funds sufficient only to do one of the projects. This decision must be made in the context of a risky future involving three possible states of the economy: economy remains strong, moderate, and recession. The manager estimates these states at .4, .5, and .1 respectively. Assuming a five-year horizon, the manager has determined that the following payoff table applies (NUMBERS ARE IN THOUSANDS OF $): Economy Row Min Row Max In-Betweenist In-sufficient Expected Value Payoff Table Strong Moderate Recession a. Do Project 1 50 60 100 b. Do Project 2 90 70 30 c. Do Project 3 80 40 50 d. Do Project 4 80 90 50 Probability 0.4 0.5 0.1 row sum Column Max 90 90 100 Regret Table Row Max Expected Regret a. Do Project 1 40 30 0 b. Do Project 2 0 20 70 c. Do Project 3 10 50 50 d. Do Project 4 10 0 50 Use the above scenario. What act would be the optimal choice under the principle of insufficient reason (all states considered equally likely—the largest of the row sums)? Answers: a. Do Project 1 b. Do Project 2 c. Do Project 3 d. Do Project 4 e. None of these alternatives is correct.
d. Do Project 4
Use the above scenario. What would be the optimal choice under EV, expected value or return? (The sum of the products involving the state probabilities and the payoffs associated with any given decision alternative.) Answers: a. Do Project 1 b. Do Project 2 c. Do Project 3 d. Do Project 4 e. None of these alternatives is correct.
d. Do Project 4
5 out of 5 points Which of the following is not a criterion for decision making under uncertainty? Answers: a. Pessimist criterion b. In-betweenist criterion c. Regrettist criterion d. Expected value criterion e. Optimist criterion
d. Expected value criterion
In which off the following lifecycle phases is a project charter created? Answers: a. Executing b. Closing c. Planning d. Initiating e. Monitoring
d. Initiating
What is the number one cause of failed projects? Answers: a. Incomplete requirements b. Poor planning c. Lack of cohesion, consensus d. Lack of user involvement e. Changing requirements
d. Lack of user involvement
In which lifecycle phase are schedules, budgets, risks, resources and staffing defined? Answers: a. Executing b. Closing c. Monitoring d. Planning e. Initiating
d. Planning
Which of these is not part of the "technical dimension" of project management? Answers: a. Schedules b. WBS c. Status reports d. Problem solving e. Budgets
d. Problem solving
In the multi-attribute table that follows, which project should be chosen? .15 .2 .15 .15 .15 .2 Alignment Benefit Economic Feasibility Technical Feasibility No Conflict User Acceptance Total Project 1 85 80 70 30 90 90 Project 2 80 78 90 75 80 75 Project 3 75 88 85 85 85 75 Project 4 80 55 41 65 75 50 Answers: a. Project 4 b. Project 2 c. Project 1 d. Project 3
d. Project 3
In the multi-attribute table that follows, which project should be chosen? .15 .15 .15 .15 .15 .25 Alignment Benefit Economic Feasibility Technical Feasibility No Conflict User Acceptance Total Project 1 80 80 60 30 80 90 Project 2 65 78 90 75 80 75 Project 3 70 88 85 85 85 75 Project 4 85 78 95 89 85 95 Answers: a. Project 2 b. Project 1 c. Project 3 d. Project 4
d. Project 4
Which of the following is not a generally-recognized type of risk? Answers: a. Technical risks b. Schedule risks c. Cost risks d. Quality risks e. Funding risks
d. Quality risks
Which of the following is the strategy for mitigating risk? Answers: a. Reducing the visibility of the risk b. Total elimination of the risk c. Reducing the likelihood of detection of the risk d. Reducing the probability and the impact of the risk e. Reducing the awareness of the risk
d. Reducing the probability and the impact of the risk
Which of the following is one of Covey's seven habits? Answers: a. Personal mastery b. Team learning c. Shared vision d. Sharpen the saw e. Mental models
d. Sharpen the saw
After we have created a list of things to get done in the next week, we should ________. Answers: a. put the important stuff on our calendar first b. scrub the unimportant stuff from the list c. put the important stuff on our calendar last d. check the list for completeness e. prioritize the list from most to least important
d. check the list for completeness
From 1994 to 2009 the phenomena of project lateness or of projects being over budget were ________. Answers: a. significantly increased b. slightly increased (more projects were late or over budget) c. about the same d. decreased somewhat (fewer projects were late or over budget) e. significantly, substantially decreased
d. decreased somewhat (fewer projects were late or over budget)
Some ways to generate lists of possible risks include all but ________. Answers: a. brainstorming b. risk profiling c. RBS d. simulation e. problem identification
d. simulation
IT projects differ from construction projects in all of the following ways, except ________. Answers: a. with IT projects, there is more risk b. with IT projects, there is more newness c. with IT projects, the technology is changing more rapidly d. with IT projects, there is more visibility e. with IT projects, requirements are less definitive
d. with IT projects, there is more visibility
Boxes on the bottom-most level of the WBS are called ________ and should be ________ in duration. Answers: a. roots | 4-6 weeks b. leaves | 1-5 days c. products | 1-2 months d. work packages | 1-4 weeks e. deliverables | 1-2 weeks
d. work packages | 1-4 weeks
for most organizations, the existing organizational structure is a ______
d. functional organizational structure
good project management structures balance the needs of both the _______ and ______
d. parent organization | the project
Which of the following is not a major issue that risk management endeavors to address? Answers: a. What can go wrong b. How to minimize the risk event's impact (consequences) c. What can be done before a risk event occurs (anticipation) d. What to do when the risk event occurs (contingency plans) e. All of the alternatives are major issues.
e. All of the alternatives are major issues.
If you are getting into project management for the first time, you should pick a project that is ________. Answers: a. small b. short in duration c. limited in scope d. involves a half-dozen or fewer people e. All of these alternatives are correct.
e. All of these alternatives are correct.
The importance and significance of project management has increased due to ________. Answers: a. the movement of manufacturing operations out of the U.S. b. time to market c. the movement toward flatter and leaner organizations d. Both a. and b. are correct. e. All of these alternatives are correct.
e. All of these alternatives are correct.
The intended outcome of strategy/projects integration is ________. Answers: a. clear organization focus b. best use of scare organization resources c. improved communication across projects and departments d. Both a. and b. are correct. e. All of these alternatives are correct.
e. All of these alternatives are correct.
Project managers who do not understand the role that their project plays in accomplishing the organization's strategy tend to make all the following mistakes except ________. Answers: a. focusing on low priority problems b. overemphasizing technology as an end in and of itself c. focusing on the immediate customer d. trying to solve every customer issue e. All of these alternatives are likely mistakes.
e. All of these alternatives are likely mistakes.
Which of the following is not a phase in any project lifecycle? Answers: a. Initiating b. Planning c. Executing d. Closing e. All of these alternatives are phases of the project lifecycle.
e. All of these alternatives are phases of the project lifecycle.
Which of the following is not typically the responsibility of a project manager? Answers: a. Meeting budget requirements b. Meeting schedule requirements c. Meeting performance specifications d. Coordinates the actions of the team members e. All of these alternatives are typical responsibilities.
e. All of these alternatives are typical responsibilities.
An activity is a(n) ________. Answers: a. task b. step c. event d. All of these alternatives are correct. e. Both a. and b. are correct.
e. Both a. and b. are correct.
In the pessimist criterion we pick ________. Answers: a. the worst case scenario within each alternative b. the best case scenario within each alternative c. the best of the worst case scenarios d. the worst of the best case scenarios e. Both a. and c. are correct.
e. Both a. and c. are correct.
In decision-making under uncertainty ________ Answers: a. the probabilities of each of the future states are known b. the probabilities of each of the future states are unknown c. the decision criterion uses the decision-maker's attitude toward the risk d. the decision criterion uses state probabilities e. Both b. and c. are correct.
e. Both b. and c. are correct.
In the optimist criterion, we pick ________. Answers: a. the worst case scenario within each alternative b. the best case scenario within each alternative c. the best of the best case scenarios d. the worst of the best case scenarios e. Both b. and c. are correct.
e. Both b. and c. are correct.
For projects that have been completed many times before, it is helpful to start the development of the WBS with ________. Answers: a. decomposition b. a clean sheet of paper c. a WBS template for the project type d. old WBSs taken from past similar projects e. Both c. and d. are correct.
e. Both c. and d. are correct.
Which of the following is not one of the sections of the project charter? Answers: a. Assumptions/risks/obstacles b. Purpose or goal of a project c. Discussion of problem or opportunity d. Success criteria e. Detailed list of tasks that make up the project
e. Detailed list of tasks that make up the project
Which of the following is not one of the sections of the project charter? Answers: a. Assumptions/risks/obstacles b. Success criteria c. Discussion of problem or opportunity d. Purpose or goal of a project e. Detailed list of tasks that make up the project
e. Detailed list of tasks that make up the project
Which of the following choices is not one of the driving forces behind the increasing demand for project management? Answers: a. The triple bottom line (planet, people, profit) b. Increased customer focus c. Knowledge explosion d. Compression of the product life cycle e. Development of third world and closed economies
e. Development of third world and closed economies
Which of the following has to do with personal leadership? Answers: a. Doing nothing b. Doing the least harm c. Doing the thing right d. Doing everything e. Doing the right thing
e. Doing the right thing
Which of the following is not a project? a. Creating a PowerPoint presentation b. Developing a spreadsheet template c. Setting up a sales kiosk for a meeting d. Writing a term paper e. Manufacturing an iPhone
e. Manufacturing an iPhone
From the list below which chart shows the sequence in which activities must be performed? Answers: a. Gantt chart b. Burndown chart c. Timeline chart d. Work breakdown structure chart e. Network chart
e. Network chart
An item with a WBS code of 2.1.3.4 ________. Answers: a. is on the third level b. has an immediate parent with a code of 2.1.3 c. is one of at least four siblings d. All of these alternatives are correct. e. Only b. and c. are correct.
e. Only b. and c. are correct.
In what phase of the project lifecycle should a project charter be drawn up? Answers: a. Phase 3 b. Phase 2 c. Phase 4 d. Phase 5 e. Phase 1
e. Phase 1
Which of the following is the number one characteristic that is looked for in management candidates? Answers: a. Experience b. Overall intelligence c. Good references d. Past successes e. Works well with others
e. Works well with others
Empowerment is ________. Answers: a. encouragement b. governed by negotiations c. possible without alignment d. giving authority to do something e. delegation with detachment
e. delegation with detachment
Within PMBOK, almost every knowledge area begins with a ________ process and ends with a ________ process. Answers: a. mediating | delivering b. identifying | closing c. planning | closing d. identifying | controlling e. planning | controlling
e. planning | controlling
The greatest enemy of the best things we could do with our time is ________. Answers: a. those periods of time in which we relax, play video games and read our Facebook entries b. the urgent things we do with our time c. None of these alternatives is correct. d. the not urgent, unimportant things we can do with our time e. the good things we can do with our time
e. the good things we can do with our time
which of the following would not serve the interests of a high priority project in which the firm wants completed as quickly as possible?
e. all of these alternatives are impediments to a quick completion of a high priority project
organizations have difficulty in creating a system for managing projects because _____
e. both a. and c. are correct
when utilized, dedicated project teams operate in conjunction with which organizational structure?
e. functional organizational structure
which of the following is not an advantage of a dedicated team project
e. neither c. nor d. are advantages
which of the following is not a disadvantage of a functional organizational structure?
e. there is in-depth expertise