Chapter 1 EBTM 443

A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a loss of product revenue share of ___ percent A. 10 B. 20 C. 33 D. 45 E. 50

33

Integration of project management with the organization takes place with the A. Master budget B. Strategy plan C. Process of managing actual projects D. Both b and c are correct E. A, B, and C are all correct

Both b and c are correct

From among the following activities, which is the best example of a project? A. Processing insurance claims B. Producing automobiles C. Writing a term paper D. Completing a college degree E. All of these are good examples of projects

writing a term paper

The importance of project management has increased due to 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 true E. A, B, and C are all true

A, B, and C are all true

Which of the following is not typically the responsibility of a project manger? A. Meeting budget requirements B. Meeting schedule requirements C. Meeting performance specifications D. Coordinates the actions of the team members E. All of these are typical responsibilities

All of these are typical responsibilities

Which of the following has been used as part of a group of different tools to manage projects? A. Job costing B. Partnering C. Bar charts D. Networks E. All of these have been used

All of these have been used

Project Management Professional

An individual who has met specific education and experience requirements set forth by the Project Management Institute, has agreed to adhere to a code of professional conduct, and has passed an examination designed to objectively assess and measure project management knowledge. In addition, a PMP must satisfy continuing certification requirements or lose the certification.

Which of the following statements is true? A. Project management is becoming a standard way of doing business B. Project management is increasingly contributing to achieving organizational strategies C. Project management is being used at a consistent percentage of a firm's efforts D. Both A and B are true E. A, B, and C are all true

Both A and B are true

Which of the following has increased the demand for project management? A. ISO 9000 certification B. Specialization and concentration of knowledge C. Time to market D. The reduction in small projects and increase in large projects E. Both A and C are correct

Both A and C are correct

Which of the following choices is not one of the stages of a project life cycle? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering

Conceptualizing

In which of the following stages are project objectives established, teams formed, and major responsibilities assigned? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering

Defining

Which of the following is the first step in developing a set of strategies designed to best meet the needs of customers? A. Market Research B. Define the Integrated Project Management System C. Environmental Analysis D. Project Selection E. All of the above are correct

Environmental Analysis

In which of the following stages are you more likely to find status reports, many changes, and the creation of forecasts? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering

Executing

In which of the following stages is a major portion of the physical and mental project work performed? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering

Executing

The advent of project management has been most profound in A. Automobile manufacturing B. Construction C. Information technology D. The U.S. Department of Defense E. Film making

Information Technology

Which of the following choices is not one of the driving forces behind the increasing demand for project management? A. Compression of the product life cycle B. Knowledge explosion C. Development of third world and closed economies D. More emphasis on the product and less on the customer E. Corporate downsizing

More emphasis on the product and less on the customer

Which of the following is not considered to be a characteristic of a project? A. An established objective B. A clear beginning and end C. Complex tasks D. Only for internal use E. Never been done before

Only for internal use

Corporate downsizing has increased the trend toward A. Reducing the number of projects a company initiates B. Outsourcing significant segments of project work C. Using dedicated project teams D. Shorter project lead times E. Longer project lead times

Outsourcing significant segments of project work

2. A professional organization for project management specialists is the A. PMI B. AMA C. MIS D. IPM E. PMBOK

PMI

Which of the following constraints is not typically found in managing projects? A. Time B. People C. Cost D. Performance E. Both B and D are not typical constraints

People

In which of the following stages is it determined what the project will entail, when it will be scheduled, whom it will benefit, and what the budget will be? A. Conceptualizing B. Defining C. Planning D. Executing E. Delivering

Planning

Which of the following characteristics is not typical of a project manager? A. Managing a temporary activity B. Possesses in-depth technical knowledge C. Managing a non-repetitive activity D. Manages independently of the formal organization E. Provides a direct link to the customer

Possesses in-depth technical knowledge

Which of these is not part of the "technical dimension" of project management? A. WBS B. Budgets C. Problem solving D. Schedules E. Status reports

Problem Solving

Which of the following activities is not considered a project? A. Developing a new software program B. Designing a space station C. Preparing the site for the Olympic Games D. Production of automobile tires E. Developing a new advertising program

Production of automobile tires

The Integrated Management of Projects includes all of the following except: A. Profit projections B. Environmental analysis C. Customer D. Project management system E. The organization's environment and culture

Profit Projections

A series of coordinated, related, multiple projects that continue over extended time intended to achieve a goal is known as a A. Strategy B. Program C. Campaign D. Crusade E. Venture

Program

Project management is ideally suited for a business environment requiring all of the following except A. Accountability B. Flexibility C. Innovation D. Speed E. Repeatability

Repeatability

Which of these is not part of the "sociocultural dimension" of project management? A. Negotiation B. Resource allocation C. Customer expectations D. Leadership E. Politics

Resource allocation

Two dimensions within the project management process are A. Technical and sociocultural B. Cost and time C. Planned and unexpected D. Established and new E. Unique and reoccurring

Technical and sociocultural

Project life cycle

The stages found in all projects— definition, planning, execution, and delivery.

Which of the follow is not one of the commonly heard comments of project managers? A. Where did this project come from? B. Why are we doing this project? C. How can all these projects be first priority? D. Why is this project so strongly linked to the strategic plan? E. Where are we going to get the resources to do this project?

Why is this project so strongly linked to the strategic plan?

Which of the following is the number one characteristic that is looked for in management candidates? A. Overall intelligence B. Works well with others C. Experience D. Past successes E. Good references

Works well with others

Program

a group of related projects designed to accomplish a common goal over an extended period of time

Project

a temporary endeavor undertaken to create a unique product, service, or result.

From 1994 to 2004 the trend for projects late or over budget was: A. Significantly better B. Slightly better C. About the same D. Slightly worse E. Significantly worse

about the same