Deck 1: Introduction to Project Management

Question 1

Some projects are considered successful if they reap business benefits like increased profitability,even if completed late or over budget.

Answer 1

True

Question 2

Quality management generally entails risk identification,analysis and response planning.

Answer 2

False

Question 3

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

Answer 3

True

Question 4

The name and number of phases in a project life cycle are determined by the organization(s)involved in the project.

Question 5

All projects go through a common project life cycle that includes four stages: concept,development,production and close-out.

Question 6

Projects consist of the ongoing work needed to ensure the organization continues to function effectively.

Question 7

Most projects are conducted with constraints on the amount of time and funding available to the project manager.

Question 8

In reality,many projects are fully successful in some ways,but less successful in others.

Question 9

Cost management processes are involved in estimating,budgeting and controlling costs so that the project can be completed within the approved budget.

Question 10

Generally,project life cycle stages are designed so that the amount of money spent in each of the stages is nearly equivalent.

Question 11

Human Resource management is comprised of the processes that organize,manage and lead the project team.

Question 12

The most critical measures of project success are completing the project on schedule and on budget.

Question 13

Project plans and goals usually become more specific as early work is completed.

Question 14

A project is a lasting endeavor undertaken to maintain a reliable product or service.

Question 15

Different project life cycle models are used for different types of projects.

Question 16

An important factor used to determine the phases in a project life cycle are the control needs of the organization(s)involved in the project.

Question 17

Project customers can be either internal or external to the organization.

Question 18

Integration management represents the processes and activities needed to define,combine,unify and coordinate the various processes and project management activities.

Question 19

Customers may need to sacrifice expectations related to cost or schedule in order to realize their expectations for scope or quality.

Question 20

Scope management generally entails defining,sequencing and estimating the duration of project activities.

Question 21

Projects often require tradeoffs among all of the following EXCEPT:

A) scope (size)
B) cost
C) schedule
D) programs

Question 22

Scope management typically involves which of the following processes?

A) acquiring, developing and managing the project team
B) ensuring that the project includes all the work required and only the work required, to complete the project successfully
C) collecting, disseminating and storing appropriate project information
D) identifying, analyzing and controlling project risks

Question 23

Project management involves the development of project plans that:

A) should never change once the project begins.
B) are frequently discarded once the actual work begins.
C) become more specific as early work is completed.
D) become less clear as the project progresses

Question 24

Typically,a steering team or leadership team is responsible for all of the following project related roles EXCEPT:

A) selecting, prioritizing and resourcing projects
B) providing rigid policies, procedures, standards and guidelines
C) ensuring accurate progress is reported and adjustments made
D) aligning projects with the organization's strategic plans

Question 25

Project failure can result from all of the following causes EXCEPT:

A) support of senior management
B) changes in scope are not agreed upon by all parties involved.
C) too little time is allowed for project completion.
D) project expectations are unclear.

Question 26

Which of the nine knowledge areas defined in the Project Management Body of Knowledge includes the activities of purchasing or acquiring products,services or results from outside the project team?

A) Scope management
B) Quality management
C) Communications management
D) Procurement management

Question 27

Projects are considered successful for all of the reasons below EXCEPT:..

A) members of the team learn new skills working on the project.
B) the organization captures lessons learned for future projects.
C) the team has demonstrated heroics to meet project objectives
D) the organization reaps business level benefits.

Question 28

The project manager is normally directly accountable for the project results,schedule and budget.

Question 29

Once projects are completed,they will typically yield all of the following results EXCEPT:

A) a unique product, service or result
B) make or buy decisions
C) stakeholders whose interests are affected by the outcome
D) a primary deliverable along with supporting deliverables

Question 30

Which of the nine knowledge areas defined in the Project Management Body of Knowledge includes the activities of generating,collecting,distributing,storing,retrieving and disposing of timely and appropriate project information?

A) Scope management
B) Quality management
C) Communications management
D) Procurement management

Question 31

Which of the following statements regarding project life cycles is most accurate?

A) All research and development organizations rely upon a four-stage project life cycle that includes initiating, planning, executing and closing.
B) The project life cycle is the same regardless of the type of projects managed by an organization.
C) The control needs of an organization determine the name and number of phases in the project life cycle that it adopts.
D) All project life cycles are the same across every industry

Question 32

The project manager is typically the person or group that provides the financial resources,in cash or kind,for the project.

Question 33

Which of the following actions will likely cause a project to fail?

A) dedicating valuable team member time to identify risk events
B) spending project funding to procure needed tools and spare parts
C) failing to adequately plan the project
D) conducting a project audit to evaluate performance

Question 34

When applied to project management,human resource management typically involves which of the following activities?

A) determining the work necessary for project completion
B) estimating, budgeting and controlling project costs
C) identifying, analyzing and controlling project risks
D) organizing, managing and leading the project team

Question 35

Typically,the person or group that provides the financial resources,in cash or in kind for a project is the project...

A) benefactor.
B) sponsor.
C) manager.
D) treasurer.

Question 36

Which of the following statements correctly describes project management?

A) Project management applies knowledge, skills, tools and techniques to project activities.
B) Project management should not involve tradeoffs between scope, schedule and cost.
C) Project management only relies upon checklists to plan and execute the work.
D) all of these

Question 37

All of the following factors have influenced the increased reliance upon project management in recent years EXCEPT:

A) rapid growth and changes in the information technology and telecommunications industries
B) realization that methods for large projects can be modified and used for small projects
C) increased international competition and its influence on consumer demands
D) the decreased demands of ongoing operational work

Question 38

Which of the following examples is NOT a typical or appropriate situation to employ project management?

A) improving a soldering process in an assembly line
B) processing deposits and withdrawals in a bank
C) installing a new accounting application on to a server
D) developing a new medical device for use by clinics

Question 39

Which of the following examples is NOT a typical or appropriate situation to employ project management?

A) improving an existing work process
B) installing a new computer system
C) conducting a routine, standard customer service operation
D) developing a new product

Question 40

Achieving project success is determined by all of the following EXCEPT:

A) creating deliverables that include all required features
B) involving only important key stakeholders
C) completing the project on schedule and on budget
D) providing outputs that please the project's customers

Question 41

Which of the following roles is typically associated with the project manager?

A) the person assigned by the performing organization to achieve the project objectives
B) the person with management authority over a unit within a functional organization
C) the person responsible for project methods, standards and training
D) the person responsible for providing the financial resources for the project

Question 42

Project managers frequently face competing constraints. Identify these common constraints and describe approaches that project managers can use to make the trade-offs required to succeed.

Question 43

The leadership of top management is often cited as a factor that is critical to project success. Describe the key project related activities of the steering team,chief projects officer and sponsor.

Question 44

Typically,the senior customer representative is responsible for which of the following project roles?

A) develops the project schedule and budget
B) determines how the project work will be accomplished
C) ensures the needs of the customer's organization are identified and prioritized
D) helps the project manager with running meetings and providing status reports

Question 45

Describe the relationship between portfolios,programs,projects and sub-projects.

Question 46

Contrast project management with operations management. How do these differences impact the approach required to manage a project successfully?

Question 47

The Project Management Body of Knowledge published by the Project Management Institute identifies five process groups. Briefly identify and describe each of these five process groups.