Project Management Midterm
Customer responsibilities on a project might include all of the following EXCEPT: 1) Participate in status or kick-off meetings 2) Perform the work of the project to achieve its objectives 3) Review and accept project deliverables 4) Advise on project requirements
Perform the work of the project to achieve its objectives
____ 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: 1) Silo 2) Composite 3) Projectized 4) Matrix
Matrix
Projects may be undertaken as a result of any of the following strategic reasons except: 1) Environmental considerations 2) Market Demand 3) Need to keep workers busy during slow times 4) Social need
Need to keep workers busy during slow times
Which of the following examples would not be considered an enterprise environmental factor? 1) Political climate 2) Government or industry standards or regulations 3) Net present value of investment 4) Organizational structure
Net present value of investment
True or False: A project portfolio is a useful storage medium that enables the project manager to consolidate all project information in a single, convenient location.
False
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: 1) Motivation and reward systems 2) Financial control procedures 3) Code of conduct 4) Risk tolerance
Financial control procedures
Which of the following is a financial analysis tool that an organization may use to determine the cost-value of potential projects? 1) Internal Rate of Return (IRR) 2) Net Present Value (NPV) 3) All of the above 4) Payback Period (PP)
All of the above
The two traditional project management associate-level roles are different in each of the following ways EXCEPT __________ . 1) Degree of input contributed to project planning 2) The person they report to 3) Ability to work within project constraints 4) Skill set
the person they report to
In adaptive life cycles (Change driven or Agile methods), ___________ . 1) Change control is very important 2) The time and costs are fixed, but the scope is developed iteratively 3) The overall scope of the project is fixed, and the time and cost are developed incrementally 4) The overall cost is fixed, and the project scope and schedules are developed iteratively
the time and costs are fixed, but the scope is developed iteratively.
All of the following are true except: 1) A program manager has the discretion to make trade-offs in regard to which projects to pursue. 2) A portfolio may contain multiple programs and projects 3) Projects have a finite timeline, while programs may exist as long as the parent organization does. 4) A project manager has the discretion to make trade-offs in regard to which programs to pursue
A project manager has the discretion to make trade-offs in regard to which programs to pursue
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? 1) Authority 2) Fairness 3) Honesty 4) Respect
Authority
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? 1) Payback Period (PP) 2) Benefit-Cost Ratio (BCR) 3) Net Present Value (NPV) 4) Internal Rate of Return (IRR)
Benefit-Cost Ratio (BCR)
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: 1) Case Study 2) Business Case 3) Project Charter 4) Project Scope Statement
Business Case
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 among project scope, schedule, budget, risk, quality, and resources, which are also known as project ______ . 1) Deliverables 2) Constraints 3) Targets 4) Plan elements
Constraints
All projects should be aligned with their organization's strategic plan, which includes the organization's vision, goals, and objectives. Which of these describes an organization's vision? 1) Is SMART: specific, measurable, achievable, results-based, and time-specific 2) Conveys a larger sense of organizational purpose, and is both inspiring and guiding 3) Includes the organization's core purpose, core values, beliefs, culture, primary business, and primary customers 4) Describes short and long term results along with measures to determine if they have been achieved
Conveys a larger sense of organizational purpose, and is both inspiring and guiding.
Based on PMI's definition, which of these is a good example of a project? 1) Using a checklist to perform quality control 2) Manufacturing a standard commodity 3) Designing and launching a new website 4) Following policies and procedures for procuring an item
Designing and launching a new website
The project sponsor's responsibilities during the executing stage include: 1) Ensuring communications with key stakeholders 2) Reviewing and signing the project charter 3) Producing project status reports 4) Signing off on the detailed project plan
Ensuring communications with key stakeholders
The Chief Projects Officer's or PMO's responsibilities might include: 1) Promoting the project at the exclusive level of the organization 2) Working with the team to create a project schedule and budget 3) Signing the project charter 4) Ensuring enough resources are available to perform the project
Ensuring enough resources are available to perform the project
The internal and external environmental factors that both surround and influence, and sometimes constrain, a project are known as what? 1) Enterprise environmental factors 2) Enterprise organizational assets 3) Environmental enterprise constraints 4) Environmental process assets
Enterprise environmental factors
A collection of projects, programs, and operations managed as a group to achieve strategic objectives are called a: 1) Life cycle 2) Portfolio 3) Project 4) Subprogram
Portfolio
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? 1) Project manager 2) Project sponsor 3) Project team member 4) Functional manager
Project Sponsor
A narrative description of products, services or results to be delivered by the project is a: 1) Elevator pitch 2) Business case 3) Project statement of work 4) Request for information
Project statement of work
The __________________ best describe(s) why a project is being undertaken. 1) Subprojects 2) Statement of Work 3) Source Selection Criteria 4) Business case
business case
Your organization has implemented best practices in project management processes. One function that has been set up is the project management office (PMO). What is the function of the PMO? 1) Close project accounts at the end of projects 2) Provide hot-desk facilities for all project managers 3) Provide standard stationary for project paperwork 4) Coordinate the management of projects
Coordinate the management of projects
All of the following are characteristics of a projectized organization EXCEPT: 1) Coordination is the responsibility of project managers 2) Decision making is streamlined 3) Focus is on the customer 4) Functional managers have the majority of authority
Functional managers have the majority of authority
A hierarchical organization where each employee has one clear superior and staff are grouped by areas of specialization and managed by a person with expertise in that area is known as a: 1) Projectized organization 2) Functional organization 3) Weak matrix organization 4) Composite organization
Functional organization
As you develop the project scope statement as the foundation for work your company is performing, you should: 1) Include acceptance criteria to use as closure guidelines 2) Ask the project team to list major project milestones 3) Use the resource traceability matrix in your data analysis 4) Identify any new job seekers for open positions
Include acceptance criteria to use as closure guidelines
You have made the decision to control risk through planning on your current project and therefore conclude that your scope management approach should be: 1) Iterative 2) Predictive 3) Lean 4) Adaptive
Predictive
Group phenomena that 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: 1) Organization structures 2) Vision and mission 3) Project culture (norms) 4) Roles and responsibilities
Project culture (norms)
Projects pass through a series of phases as they move from initiation to project closure. The names and the numbers of the 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 ________ . 1) Project scope management 2) Project management 3) Project life cycle 4) Product life cycle
Project life cycle
The team or function assigned responsibility for the centralized and coordinated management of projects within an organization is known as what? 1) Project management office 2) War room 3) Program management office 4) Project headquarters
Project management office
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? 1) Quality managment 2) Scope management 3) Risk management 4) Cost management
Scope Management
What is the best role for a project management office in an organization with a low level of project management maturity? 1) Controlling 2) Supportive 3) Directive 4) Enabling
Supportive
In an agile project, who decides who will perform the work for the next period's defined scope? 1) Scrum Master 2) Team members 3) Project manager 4) Product owner
Team members
What does the 100 percent rule refer to? 1) The presence of all product and project work in the WBS with nothing left out and no extra work included 2) The ratio of stakeholder engagement required for the project to move to the Executing phase 3) The sum of quality tasks in a project together with the administrative tasks 4) The ratio of requirements that need to be implemented for the project to be a success
The presence of all product and project work in the WBS with nothing left out and no extra work included
Your current project has produced a requirements management plan. What is the purpose of this document? 1) The requirements management plan describes how individual requirements meet the business need for the project. 2) The requirements management plan documents how requirements will be analyzed, documented, and managed throughout the project. 3) The requirements management plan provides guidance on how project scope will be defined, documented, verified, managed, and controlled. 4) The requirements management plan links requirements to their origin and traces them throughout the project.
The requirements management plan documents how requirements will be analyzed, documented, and managed throughout the project.
In an Agile life cycle model _____: 1) The scrum master controls the team 2) Detailed planning precedes execution 3) Customer requirements are gathered early in the project 4) The team is self-directed
The team is self-directed
An organization's vision often includes reference to its social, environmental, and economic health, collectively referred to as the: 1) Triple bottom line 2) Statement of Work (SOW) 3) Business case 4) Net present value (NPV)
triple bottom line
When would a predictive project life cycle be the preferred approach? 1) when the product will be created through a series of repeated cycles 2) when the environment is changing rapidly 3) when the product to be delivered is well understood 4) when the high level vision has been developed, but the product scope is not well defined
when the product to be delivered is well understood
To be effective, a project manager needs to possess all of the following competencies, except _________ . 1) Authority - power or right granted by the organization 2) Performance - what project managers can accomplish while applying their project management knowledge 3) Personal effectiveness - attitudes, core personality traits, leadership 4) Knowledge of project management - understanding of project management tools and techniques
authority - power or right granted by the organization
A freelance project manager is brought in by Company X to lead a large, expensive project. This project manager has excellent leadership skills and a strong technical understanding of the project. In order for her to optimize every component of the Talent Triangle, what might be a good activity for the project manager at the start of her time with Company X? 1) Host an icebreaker for all team members 2) Familiarize herself with the long-term objectives of Company X 3) Send an email including her resume to all SMEs to ensure they are aware of her technical background 4) Attend a seminar on advanced leadership techniques
familiarize herself with the long-term objectives of Company X
