Quiz 1
Which of the following questions reflect the strategic goals of project portfolio management?
Are we investing in the right areas?
In which of the following areas of management is payback analysis most likely to be used?
Cost
Which of the following refers to a set of principles that guides decision making based on personal values of what is considered right and wrong?
Ethics
Describe the triple constraint
Every project is constrained in different ways by its scope, time, and cost goals. These limitations are sometimes referred to in project management as the triple constraint. To create a successful project, a project manager must consider scope, time, and cost and balance these three often-competing goals. He or she must consider the following:
A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not
FALSE
A project manager's primary role is to provide the funding for a project
FALSE
According to a 2013 CHAOS study, user involvement is the most important factor that contributes to the success of IT projects
FALSE
Earned value management is a tool primarily used in human resource management
FALSE
Effective program managers recognize that managing a project is much more complex than managing a program
FALSE
Good project managers assume that their definition of success is the same as the sponsors
FALSE
In order to be realistic, a project manager should always set discrete goals instead of a range of objectives
FALSE
Individual projects always address strategic goals whereas portfolio management addresses tactical goals
FALSE
It is mandatory for project managers working on large information technology projects to be experts in the field of information technology
FALSE
Managing the triple constraint primarily involves making trade-offs between resources and quality
FALSE
Opponents of a project do not belong to the category of stakeholders
FALSE
Project managers should lead projects in isolation in order to truly serve the needs of the organization
FALSE
Project procurement management primarily involves identifying stakeholder needs while managing their engagement throughout the life of the project
FALSE
Questions about how a team will track schedule performance is related to a project's scope
FALSE
Responsibility assignment matrices and project organizational charts are examples of tools used in procurement management
FALSE
Systems analysis addresses the business, technological, and organizational issues associated with creating, maintaining, and modifying a system
FALSE
The enterprise project management software, which aids project and portfolio management, is a low-end tool
FALSE
The importance of stakeholders' needs and expectations is limited to the beginning of a project
FALSE
The only responsibility of a project manager is to meet the specific scope, time, and cost goals of a project
FALSE
The primary role of project stakeholder management is to ensure that the project will satisfy the stated needs for which it was undertaken
FALSE
To be a successful manager, the only skills an IT project manager needs to possess is excellent technical skills
FALSE
Which of the following tools are most likely to be used in project time management?
Gantt charts
Joe is a project manager in an IT company and has over the years, gained substantial knowledge in his area of work. However, while managing his team, he often loses his temper. In addition, he fails to be an active listener when his team members approach him with work related challenges. In which of the following areas does Joe need to develop his skills in?
Human relations skills
Which of the following statements is true of project management?
It does not guarantee successes for all projects.
Which of the following types of tools is usually recommended for small projects and single users?
Low-end
_____ tools, a step up from low-end tools, are designed to handle larger projects, multiple users, and multiple projects
Midrange
Which of the following is a difference between low-end and midrange tools of the project management software?
Midrange tools are designed to handle larger projects than low-end tools.
_____ refers to work done in organizations to sustain the business
Operations
Which of the following provides certification as a Project Management Professional?
PMI
Discuss the PMI Code of Ethics and Professional Conduct
PMI approved a new Code of Ethics and Professional Conduct that took effect in January 2007. This code applies not only to PMPs, but to all PMI members and individuals who hold a PMI certification, apply for a PMI certification, or serve PMI in a volunteer capacity. It is vital for project management practitioners to conduct their work in an ethical manner. Even if one is not affiliated with PMI, these guidelines can help one conduct their work in an ethical manner, which helps the profession earn the confidence of the public, employers, employees, and all project stakeholders. The PMI Code of Ethics and Professional Conduct includes short chapters addressing vision and applicability, responsibility, respect, fairness, and honestly.
_____ software integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization
Portfolio project management
The _____ is an international professional society for project managers founded in 1969
Project Management Institute
A _____ is an organizational group responsible for coordinating the project management function throughout an organization
Project Management Office
Which of the following project management knowledge areas primarily involve generating, collecting, disseminating, and storing project information?
Project communications management
Martha works as a project manager at a bank. Due to certain changes in external factors, Martha needs to make a few alterations in the tactical goals of her project. In such a scenario, which of the following will best help Martha cope with the change?
Project environment knowledge
Which of the following project management knowledge areas is an overarching function that affects and is affected by the different knowledge areas?
Project integration management
_____ is "the application of knowledge, skills, tools, and techniques to project activities to meet project requirements
Project management
Which of the following is a difference between project management and portfolio
Project management addresses specific, short-term goals whereas portfolio management focuses on long-term goals.
List and describe each of the ten project management knowledge areas
Project management knowledge areas describe the key competencies that project managers
What are some of the qualities of a good project manager? Explain
Project managers often take on the role of both leader and manager. Good project managers know that people make or break projects, so they must set a good example to lead their team to success. They are aware of the greater needs of their stakeholders and organizations, so they are visionary in guiding their current projects and in suggesting future ones. Companies that excel in project management grow project "leaders," emphasizing development of business and communication skills. Yet good project managers must also focus on getting the job done by paying attention to the details and daily operations of each task. The best project managers have leadership and management characteristics; they are visionary yet focused on the bottom line. Above all else, good project managers focus on achieving positive results.
_____ refers to the process in which organizations group and manage projects and programs as a cluster of investments that contribute to the entire enterprise's success
Project portfolio management
Which of the following is a difference between projects and operations?
Projects are temporary endeavors whereas an organization's operations are ongoing in nature.
Galaxy, a construction company, buys a particular brand of tiles manufactured by Tiles and Floors, an eco-friendly tile manufacturing company. However, Tiles and Floors has declared bankruptcy and closed down. At present, Galaxy is facing a crisis because there are no other manufacturers in the market that supplies eco-friendly tiles. Which of the following constraints is Galaxy currently facing?
Resources
_____ include people, hardware, software, or other assets
Resources
A project's stakeholders includes its customers, users, and suppliers
TRUE
Every project should have a well-defined objective
TRUE
Maturity models, statistical methods, and test plans are examples of tools used in quality management
TRUE
One of the main reasons why project management is challenging is because of the factor of uncertainty
TRUE
Program managers are change agents
TRUE
Project human resource management is concerned with making effective use of the people involved with a project
TRUE
Project managers and their teams must keep in mind the effects of any project on the interests and needs of the entire system or organization instead of focusing on the immediate concerns of the project
TRUE
Project managers work with the project sponsors to define success for particular projects
TRUE
Projects should be developed in increments
TRUE
Resources in a project should be used effectively because they are limited
TRUE
Stakeholder analyses, work requests, and project charters are tools used in integration management
TRUE
The introduction of new software makes basic tools, such as Gantt charts and network diagrams, inexpensive and easy to create
TRUE
Until the 1980s, project management primarily focused on providing schedule and resource data to top management in the military, computer, and construction industries
TRUE
Using a systems approach is critical to successful project management
TRUE
Discuss the PMP certification
The Project Management Institute (PMI) provides certification as a Project Management Professional (PMP)—someone who has documented sufficient project experience and education, agreed to follow the PMI code of professional conduct, and demonstrated knowledge of the field of project management by passing a comprehensive examination.
Which of the following is true of projects?
They have a unique purpose.
Which of the following best defines the role of leaders?
They inspire people to reach goals.
Which of the following is true of low-end tools of the project management software?
They provide basic project management features.
Which of the following is true of program managers?
They provide leadership and direction for project managers heading the projects within a program.
An important tool for project scope management is _____
a work breakdown structure
Project procurement management mainly involves:
buying goods and services for a project from outside the performing organization.
A Gantt chart is a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a ____ format
calendar
A _____ is a tool used in quality management
checklist
"What is the project's budget?" This is an example of a project's _____ constraint
cost
Project _____ management consists of preparing and managing the budget for a project
cost
A critical path:
determines the earliest completion date of a project.
Enterprise project management softwares are also known as _____ tools of project management software
high-end
Soft skills are also known as _____ skills
human relations
Team building exercises and motivation techniques are tools used in _____ management
human resource
Which of the following tools can best help in efficient communication management?
kick-off meetings
Project management _____ describe the key competencies that project managers must develop
knowledge areas
The critical path is the _____ path through a network diagram that determines the earliest completion of a project
longest
High-end tools are generally licensed on a(n) _____ basis
per-user
Ethics is a set of principles that guides decision making based on _____ of what is considered right and wrong
personal values
High-end tools in project management software have enterprise and _____ functions that summarize and combine individual project information to provide an enterprise view of all projects
portfolio management
A project's sponsor is also known as a(n) _____
primary customer
A _____ is a tool used in risk management
probability matrice
A(n) _____ is "a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually
program
A(n) _____ is a temporary endeavor undertaken to create a unique product, service, or result
project
Passing the CPA exam is a standard for accountants
project managers
The role of a _____ is to provide direction and funding for a project
project sponsor
The _____ of project management includes quality, scope, time, and cost constraints
quadruple constraint
Project _____ management ensures that the project will satisfy the stated or implied needs for which it was undertaken
quality
Until the 1980s, project management primarily focused on providing _____ and resource data to top management in the military, computer, and construction industries
schedule
Project _____ management involves defining and managing all the work required to complete the project successfully
scope
The question, "What unique product does the customer expect from the project?" is an example of a(n) _____ constraint
scope
A difference between strategic and tactical goals is that:
strategic goals are long-term in nature whereas tactical goals are short-term.
Steve, an engineer in a construction company, is at present working on a home construction project. The home is being built for the Robinson family, the owners of the home. Steve is working with his project team and support staff to ensure the project is completed on time. In such a scenario, the project sponsor is _____.
the Robinson family
Fast tracking is an example of a tool used in _____ management
time
Project _____ management includes estimating how long it will take to complete work, develop an acceptable project schedule, and ensure timely completion of a project
time
The question, "What is the project's schedule?" is an example of a(n) _____ constraint
time
In project management, the three limitations of scope, time, and cost are referred to as the _____
triple constraint