Project Management 438
Project procurement management mainly involves:
Buying goods and services for a project from outside the performing organization
An IT company revises its process parameters in response to complaints from vendors that products were not ready on time. This would be an example of
Corrective action
What is the project's budget? This is an example of a project's ____constraint
Cost
Work performance information and cost forecasts are main outputs of the ____ process
Cost control
3. _______are new requirements imposed by management, government, or some external influence.
Directives
Leadership style has no impact on the success of virtual teams.
False
The ROI is always positive
False
The burndown chart is a Scrum created artifact that provides a list of features prioritized by business value.
False
The enterprise project management software, which aids project and portfolio management, is a low-end tool
False
The scope baseline in a WBS consists of the requirements documentation and enterprise environmental factors.
False
The tasks in a WBS must be developed as a sequential list of steps.
False
The team members of a virtual team are all of the same nationality.
False
When deciding what projects to invest in or continue, one should include sunk costs.
False
When you separate business and organizational issues from project management planning, you do a better job of ensuring project success.
False
What is a systems development life cycle? What are some of the predictive models associated with the systems development life cycle?
Framework for describing the phases involved in developing information systems. Phases: Analysis->design->implementation->testing Predictive models: Waterfall model, Spiral model, incremental build, prototyping model, Rapid application development (RAD) model
Projects must operate in a broad organizational environment, and project managers need to consider projects within the greater organizational context. _______ describes this holistic view of carrying out
Systems Thinking
Payback occurs when:
The net cumulative benefit equals the net cumulative costs
What is integrated change control? What are the main objectives of integrated change control?
The process for reviewing all change requests, approving and controlling changes to deliverables and organizational assets. The main objective of integrated change control is the ability to influence the factors that create changes to ensure benefits.
The business case includes information of the
The project objective, highlevel requirements and time and cost goals
Which of the following is true of analogous estimates
They are most reliable when previous projects are similar in fact with current projects
Fast tracking is an example of a tool used in ______ management.
Time
approach for constructing a WBS involves refining the work into greater and greater levels of detail.
Top-down
analogous estimates are also known as
Top-down estimates
A cost management plan can include organizational procedures links, control thresholds, and process descriptions.
True
Definitive estimates are made one year or less prior to project completion.
True
Identifying the project sponsor is a pre-initiation task.
True
Initiating processes take place during each phase of a project.
True
Project Human resource management is concerned with making effective use of the people involved with a project
True
The project scope statement, stakeholder requirements documentation, and organizational process assets are the primary inputs for creating a WBS.
True
is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.
Work breakdown structure
What is a work breakdown structure?
a deliverable-oriented grouping of project elements which will ultimately organize and define the total scope of the project. Organizes the team's work into sections
4. A(n) _____ is a methodology that converts value drivers, such as customer service, innovation, operational efficiency, and financial performance, to a series of defined metrics.
balanced scorecard
A rough order of magnitude estimate can be referred to as a
ball park estimate
5. A category of software that can help align projects with business strategy is called ______ tools.
business services management
In the ______ phase of the project life cycle, the work is completed, and customers should accept the entire project.
close out
8. In addition to providing input for budgetary estimates, the process of _______provides a cost baseline.
cost budgeting
7. One of the first reality checks on scheduling that a project manager should make is to review the _______
draft schedule
The project stakeholder management knowledge area maps to the ______ process group by identifying stakeholders.
initiating
indirect costs are:
not directly related to the products or services of a project
9. The ______ is the portion of the approved total cost estimate planned to be spent on an activity during a given period.
planned value
The budget is one of three values of earned value management and is also known as
planned value
Developing a _____ is a planning process that occurs in the Project Integration Management knowledge area.
project management plan
Profits may be defined as
revenues minus expenditures
6. ______ is the tendency for project scope to keep getting bigger and bigger.
scoop creep
10. The total direct and indirect costs incurred in accomplishing work on an activity during a given period is known as the _______.
Actual Cost
____ processes include defining and authorizing a project or project phase.
Initiating
Which of the following is true of earned value
It is an estimate of the value of the physical work actually completed
Which of the following is true about the agile method?
It uses several iterations or deliveries of software instead of waiting until the end of the project to provide a product
Why is top management commitment crucial for project managers?
Managers need adequate resources Require approval for unique projects in a timely manner Must have cooperation from people in other parts of the organization Need mentors and leadership coaches for various issues
PMP Certification
Obtaining a PMP certificate displays ones knowledge and mastery of project management at a global level. Its benefits include a higher market value as well as more credibility towards your career and leads to a raise in pay.
A network diagramming technique in which boxes represent activities is known as a(n)
PDM
states that work expands to fill the time allowed
Parkinson's law
In a ______organizational structure, program managers, rather than functional managers or vice presidents, report to the CEO. Their staffs have a variety of skills needed to complete all required tasks within their programs.
Project
is an organizational group responsible for coordinating the project management function throughout an organization.
Project management office
The improvement of the product and process in the Scrum method is discussed at the
Sprint reflection meeting