Final

The Software Engineering Institute (SEI) is a federally funded research and development center established in ____ by the U.S. Department of Defense with a broad mandate to address the transition of software engineering technology.

1984

Which of the following questions would not be addressed by project portfolio management?

Are projects on time and on budget?

Which of the following information is typically included in a business case?

Business Objective

It is very important to start at the top of the four-stage planning process pyramid to select projects that support the organization's _________________.

Business strategy

A business ____ is a document that provides justification for investing in a project

Case

_____ management is a soft skill required to achieve high performance on projects

Conflict

A___ rate is the rate used in discounting future cash flows

Discount

______includes the actual amount of time spent working on an activity plus elapsed time.

Duration

The goal of project portfolio management is to help maximize business value to ensure ________________.

Enterprise success

Project integration management includes ___ processes, one for each project management process group

Five

Which of the following is not a major benefit of grouping projects into programs?

Increasing revenues

Which of the following is not a potential advantage of using good project management?

Lower cost of capital

Which of the following is not part of the triple constraint of project management?

Meeting communications goals

____ are new requirements imposed by government, management, or some external influence.

Opportunities

A positive NPV means the return from a project exceeds the ___ cost of capital - the return available by investing the capital elsewhere.

Opportunity

____ period is the amount of time it will take to recoup---- in the form of net cash inflows --- the total dollars invested in a project.

Payback

Two important concepts that help projects meet enterprise goals are the use of programs and project ____ management.

Portfolio

____ audits are often performed during contract closure to identify lessons learned in the entire procurement process.

Procurement

___ are reviews often performed during contract closure to identify lessons learned in the entire procurement process.

Procurement audits

Which of the following is a category under portfolio best practices?

Program initiation process standardization

Which knowledge areas include tasks related to closing?

Project integration and procurement management

_________coordinates the work of all other project management knowledge areas.

Project integration management

Which of the following is a category under project best practices?

Project scope planning process control

_____development uses the results of all the preceding project time management processes to determine the start and end dates of project activities and of the entire project.

Schedule

Project ____ management involves working with all appropriate stakeholders to define, gain written agreement for, and manage all the work required to complete the project successfully

Scope

Which of the following is not part of a SWOT analysis?

Tactics

Best practices are organized into three levels: project, program, and ____.

Task

Some popular ___ -management tools and techniques include Gantt charts, project network diagrams,and critical-path analysis

Time

____ are indicators or symptoms of actual risk events.

Triggers

What organizational entity helps assist project managers in achieving project goals?

a project management office

It is good practice to document meeting minutes, focusing on key decisions and ____items.

action

some organization initiate projects using a simple letter of ___, whereas use much longer documents or formal contracts.

agreement

Contract closure involves completion and settlement of contracts and resolution of ____.

any open items

Activity ____ provide schedule-related information about each activity, such as predecessors, successors, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions related to the activity.

attributes

Cost ____ involves allocating the overall cost estimate to individual tasks over time to establish a baseline for measuring performance.

budgeting

What document provides justification for investing in a project?

business case

Some projects have a senior manager called a(n) ____________________ who acts as a key proponent for a project.

champion

It is good practice to hold a ____ meeting as part of closing.

close-out

A(n)_____ management involves generating, collecting, disseminating, and storing project information.

communications

The ______ should include requirements for formal acceptance and closure of contracts.

contract itself

Three broad categories of contracts are fixed price, or lump sum; ____; and time and material.

cost reimbursable

The main planning tasks performed as part of project scope management include scope planning, scope definition, and ___.

creating the WBS

A ____ is a product or service produced or provided as part of a project.

deliverable

duration estimates are provided as a ___ number, such as four weeks; as a range, such as three to five weeks; or as three- point estimate.

discrete

A maturity model describes a(n) _____ path of increasingly organized and systematically more mature process.

evolutionary

Projects involve five project management process groups: initiating, planning,___monitoring and controlling, and closing.

executing

the best or "alpha" project managers spend more time one every process group than other project managers except for which one?

executing

The main purpose of project planning is to guide project ____.

execution

Portfolio managers must have strong_____ skills and understand how projects and programs can contribute to meeting strategic goals

financial and analytical

Planning includes tasks related to each of the ____ project management knowledge areas.

five

Project____ management involves coordinating all the project management knowledge areas throughout a project's life span.

integration

Many organizations are working hard to improve the ____ process since human capital is one of their key assets

knowledge transfer

Answering questions like "Reflect on whether or not you met the project success criteria" and "Describe one example of what went wrong on this project" are found in a ____ report.

lessons-learned

Answering questions such as, "What will you do differently on the next project based on your experience working on this project?" is part of a ______.

lessons-learned report

Leadership and ____ are terms often used interchangeably, although there are differences.

management

A higher ____ level describes the characteristics of the most organized and mature organizations.

maturity

Many studies about project success rates, such as the CHAOS studies, define success based on _______

meeting project scope,time,and cost goals

Projects should first and foremost address business ______

needs

The ____ cost of capital is the return available by investing the capital elsewhere.

opportunity

Best practices are "____ methods, currently recognized within a given industry or discipline, to achieve a goal or objective."

optimal

A project ____ chart is a graphic representation of how authority and responsibility is distributed within the project.

organizational

Three primary methods for determining the projected financial value of projects include net present value analysis. return on investment, and ____ analysis.

payback

It is helpful to start preparing a stakeholder management strategy during initiation and adding information to it during the ____ process.

planning

By grouping projects into ____, organizations can better tie their projects to meeting strategic goals

portfolios

Some people call a close-out meeting a ____ meeting.

post-partum

Examples of organizational _____ assets include policies and procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information

process

Outputs from closing ____ include closed procurement (such as closed contracts) and updates to organizational process assets.

procurement

Which of the following is a key output of project procurement management planning

procurement statements of work

After deciding which projects to pursue, organizations need to decide if it is advantageous to manage several projects together as part of a(n)_____

program

Several individual housing projects done in the same area by the same firm might best be managed as part of a ________

program

Several individual housing projects done in the same area by the same firm might best be managed as part of a _______________.

program

Preparing a stakeholder register and management strategy are part of which knowledge area?

project communications management

Some organizations have the project sponsor complete a _____ form to close a project or phase

project completion/customer acceptance

Which knowledge area includes the closing process called close project or phase?

project integration management

It often makes sense to break large projects down into two or more smaller _____

projects

Project ____ management ensures that the project will satisfy the stated or implied needs for which it was undertaken.

quality

A(n) ____ management system provides the ability to easily organize, find, and archive procurement-related documents.

records

The last step in the four-stage planning process for project is ____

resource allocation

________ is the result of subtracting the project costs from the benefits and then dividing by the costs.

return on investment

If it is crucial to meet time and cost goals, the _____Must be flexible

scope

After defining project activities the next step in project time management is activity________

sequencing

The project ____ usually provides the direction and funding for the project.

sponsor

The project manager should work with his or her team and ____ to determine the level of detail needed in the WBS dictionary.

sponsor

Project ____ are usually most interested in making sure that final products, services, or results are delivered and transitioned to the appropriate part of the organization.

sponsors

Closing projects involves gaining _____acceptance of the final products and services, and bringing the project to an orderly end.

stakeholder and customer

One of the main tasks normally involved in project initiation is to identify and understand project ______.

stakeholders

One of the main tasks normally involved in project initiation is to identify and understand project_____.

stakeholders

Portfolio managers help their organizations make wise investment decisions by helping to select and analyze projects from a(n)____ perspective.

strategic

project ___ may be defined as a test of whether a project has met scope, time, and cost goals

success

Individual projects often address ____ goals, whereas project portfolio management addresses strategic goals

tactical

The term "____" is used to describe each level of work in the WBS.

task

According to the ___ value of money, a dollar today is worth more than a dollar tomorrow.

time

Some popular _____-management tools and techniques include Gantt charts, project network diagrams, and critical-path analysis

time

As part of project closing, it is important to plan for and execute a smooth _____ of the project into normal operations of the company.

transition

When developing a _____ plan, the project team should work with managers in affected operating departments, and the contents of the plan should be tailored to fit the support needs of the project.

transition

Updating documentation and historical information produced by the project in a useful format is part of ______.

updating organizational process assets

A(n)____scoring model is a tool that provides a systematic process for selecting projects based on many criteria.

weighted