Deck 1: An Introduction to Project, program, and Portfolio Management

Question 1

Projects typically finish according to the discrete scope,time,and cost goals originally set.

Answer 1

False

Question 2

Making ethical decisions is an important part of our personal and professional lives because it generates trust and respect with other people.

Answer 2

True

Question 3

Project managers must focus on teamwork skills to use their people effectively.

Answer 3

True

Question 4

A good project manager must do more than just meet the triple constraint.

Question 5

Portfolio managers are required to have previous experience as project or program managers.

Question 6

All organizations require that all project managers be PMP certified.

Question 7

Effective program managers recognize that managing a program is much more complex than managing a single project.

Question 8

A project has a definite beginning and a definite end.

Question 9

Most organizations claim that project management delivers higher profit margins at the expense of worker morale.

Question 10

The targets for scope,time,and cost are defined in the middle of a project.

Question 11

The term "operations" refers to work done in an organization to sustain a business.

Question 12

In a popular study involving 100 project managers,respondents agreed that effective project managers never contest the directives of top management.

Question 13

Project management is a silver bullet that guarantees success on all projects.

Question 14

Strategic goals are generally more specific and short-term than tactical goals.

Question 15

In the past,project management primarily focused on providing schedule and resource data to top management in the military and construction industries.

Question 16

All midrange project management software tools can produce Gantt charts and network diagrams.

Question 17

Stakeholders are most often characterized as having uniform needs and expectations.

Question 18

A tool or technique is much more than a software package.

Question 19

Most projects introduce changes in organizations and involve changes within the projects themselves.

Question 20

The concepts and tools of project,program,and portfolio management are only implemented within the computer industry located in the United States.

Question 21

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

A) waste
B) portfolio
C) means
D) promotion

Question 22

Many organizations claim that using project management ____.

A) lowers costs
B) reduces internal coordination
C) lengthens development time
D) diminishes customer relations

Question 23

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

A) program
B) long-term
C) tactical
D) minor

Question 24

Key elements of the project management framework include the project stakeholders,project management ____,project management tools and techniques,project success,and contribution of a portfolio of projects to the success of the entire enterprise.

A) domain
B) scope
C) vision
D) knowledge areas

Question 25

About ____ of the world's gross domestic product is spent on projects.

A) one- quarter
B) one-third
C) one-half
D) three-quarters

Question 26

Some experts believe that quality considerations,including customer satisfaction,must be ____ in setting the scope,time,and cost goals of a project.

A) supplementary
B) tangential
C) inherent
D) subsidiary

Question 27

In a home construction project,the project ____ would be the potential new homeowners.

A) sponsors
B) managers
C) contractors
D) engineers

Question 28

If it is crucial to meet time and cost goals,the ____ must be flexible.

A) schedule
B) scope
C) time-frame
D) cost

Question 29

Project ____ management,the ninth knowledge area,is an overarching function that affects and is affected by all of the other knowledge areas.

A) human resource
B) procurement
C) integration
D) quality

Question 30

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.

A) time
B) communications
C) risk
D) scope

Question 31

Given a program for building one hundred residential single family homes in a particular neighborhood,each home is a separate ____ for a specific homeowner.

A) project
B) program
C) sponsorship
D) scope

Question 32

A 2001 report showed that the United States spends ____ on projects every year,and the world as a whole spends nearly $10 trillion on projects of all kinds.

A) $2.3 million
B) $230 million
C) $2.3 billion
D) $2.3 trillion

Question 33

A program ____ provides leadership and direction for the project managers heading the projects within the program.

A) director
B) organizer
C) facilitator
D) manager

Question 34

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

A) planner
B) coordinator
C) sponsor
D) auditor

Question 35

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

A) tactical
B) strategic
C) short-term
D) anticipatory

Question 36

The four core knowledge areas of project management include project scope,time,cost,and ____ management.

A) affordable
B) centralized
C) quality
D) bottom-up

Question 37

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

A) quality
B) time
C) cost
D) scope

Question 38

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

A) depth
B) clarity
C) success
D) vision

Question 39

Project ____ work with the project sponsors,the project team,and the other people involved in a project to meet project goals.

A) organizers
B) designers
C) handlers
D) managers

Question 40

Pacific Edge Software's product manager,Eric Burke,defines project ____ management as "the continuous process of selecting and managing the optimum set of project initiatives that deliver maximum business value."

A) core
B) portfolio
C) return
D) option

Question 41

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

A) management
B) coordination
C) organization
D) direction

Question 42

In addition to project management,organizations are embracing program and ____________________ management to address enterprise-level needs.

Question 43

____ provide robust capabilities to handle very large projects,dispersed work groups,and enterprise functions that summarize and combine individual project information to provide project portfolio management information.

A) Basic productivity software packages
B) Low-end tools
C) Midrange tools
D) High-end tools

Question 44

Project management software tools can be divided into ____ general categories based on functionality and price.

A) two
B) three
C) four
D) five

Question 45

The four ____________________ knowledge areas of project management are human resource,communications,risk,and procurement management.

Question 46

Project management tools and ____________________ assist project managers and their teams in carrying out work in all nine knowledge areas.

Question 47

____________________ are the people involved in or affected by project activities and include the project sponsor,project team,support staff,customers,users,suppliers,and even opponents to the project.

Question 48

According to some experts,the "____________________" of project management includes quality along with scope,time,and cost.

Question 49

The triple ____________________ placed on every project consists of scope,time,and cost goals.

Question 50

____________________ management is "the application of knowledge,skills,tools,and techniques to project activities to meet project requirements."

Question 51

Project managers and their teams must develop knowledge and skills in all ____ project management knowledge areas.

A) five
B) nine
C) eleven
D) fifteen

Question 52

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

A) Scope
B) Time
C) Conflict
D) Cost

Question 53

The project manager should be communicating with the ____________________ throughout the project to make sure the project meets her expectations.

Question 54

____ provide basic project management features and generally cost less than $200 per user.

A) Basic productivity software packages
B) Low-end tools
C) Midrange tools
D) High-end tools

Question 55

Project management ____________________ areas describe the key competencies that project managers must develop.

Question 56

A(n)____________________ is "a temporary endeavor undertaken to create a unique product,service,or result."

Question 57

The ____ area of project management knowledge refers to the application to which project management is applied.

A) implementation
B) validation
C) coordination
D) application

Question 58

Conducting work in a(n)____ manner helps the profession earn the confidence of the public,employers,employees,and project team members.

A) secretive
B) high-handed
C) ethical
D) legalistic

Question 59

By the end of December 2006,there were ____ certified project management professionals.

A) 76,550
B) 102,047
C) 175,194
D) 221,144

Question 60

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

A) portfolios
B) applications
C) suites
D) collections

Question 61

How do experienced project managers assign importance to each aspect of the triple constraint?

Question 62

Generally,a(n)____________________ focuses on long-term goals and big-picture objectives while inspiring people to reach those goals.

Question 63

Using an illustration from The Apprentice,describe the vital role project managers play in business.

Question 64

Microsoft ____________________ is still the most widely used project management software today.

Question 65

PMI provides certification as a(n)____________________-someone who has documented sufficient project experience and education,agreed to follow the code of ethics and professional conduct,and demonstrated knowledge of the field of project management by passing a comprehensive examination.

Question 66

The ____________________ Center,a Web site for people involved in project management,provides an alphabetical directory of more than three hundred project management software solutions (www.infogoal.com/pmc).

Question 67

____________________ project management software tools provide basic project management features and generally cost less than $200 per user.

Question 68

A(n)____________________ is "a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually."

Question 69

In what ways do general management knowledge and skills fit into the job description of a project manager?

Question 70

Achieving high performance on projects requires ____________________ relations-or soft-skills.

Question 71

____________________,loosely defined,is a set of principles that guide our decision making based on personal values of what is "right" and "wrong."

Question 72

One category of project management software is high-end tools,sometimes referred to as ____________________ project management software.

Question 73

A popular study found that effective project managers provide ____________________ by example,and are visionary,technically competent,decisive,good communicators,and good motivators.

Question 74

Describe the role project managers play in helping projects succeed using an example of building a home.

Question 75

Provide a summary of the reasons that justify the study of project management.