Deck 1: Modern Project Management

Question 1

Which of the following is NOT one of the driving forces behind the increasing demand for project management?

A)Compression of the product life cycle
B)Knowledge explosion
C)Increasing need for concurrent multi-project management
D)Declining need for product customization
E)More sustainable business practices

Answer 1

D
Explanation: An increase in need for product customization is a driving force behind the increasing demand for project management.

Question 2

A professional organization for project managers is the

A)PMI.
B)AMA.
C)MIS.
D)IPM.
E)PMBOK.

Answer 2

A
Explanation: The Project Management Institute (PMI)is a professional organization for project managers.

Question 3

Which dimension of project management centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project?

A)Communication
B)Sociocultural
C)Social
D)Technical
E)Scheduling

Answer 3

B
Explanation: The sociocultural dimension of project management centers on creating a temporary social system that supports the project.

Question 4

Which of the following activities is the best example of a project?

A)Processing insurance claims
B)Producing automobiles
C)Writing a policy manual
D)Monitoring product quality
E)Overseeing customer requests

Question 5

Project management is ideally suited for a business environment requiring all of the following EXCEPT

A)Accountability.
B)Flexibility.
C)Innovation.
D)Speed.
E)Repeatability.

Question 6

Which of the following statements is true?

A)Project management is far from a standard way of doing business.
B)Project management is increasingly contributing to achieving organizational strategies.
C)Project management is being used at a consistent percentage of a firm's efforts.
D)Project management is a specialty that few organizations have access to.
E)All of these statements are false.

Question 7

Project governance does NOT include

A)Setting standards for project selection.
B)Overseeing project management activities.
C)Centralization of project processes and practices.
D)Options for continuous improvement.
E)Allowing project managers to plan the project the way they see fit.

Question 8

Which of the following is NOT considered to be a characteristic of a project?

A)An established objective
B)A clear beginning and end
C)Specific time, cost and performance requirements
D)For internal use only
E)Something never been done by a particular company before

Question 9

In the _____________ stage of What is a Project? you are more likely to find status reports, changes, and the creation of forecasts.

A)Identifying
B)Defining
C)Planning
D)Executing
E)Closing

Question 10

In the _____________ stage of What is a Project? the project's schedule and budget will be determined.

A)Identifying
B)Defining
C)Planning
D)Executing
E)Closing

Question 11

In the _____________ stage of What is a Project?, a major portion of the actual project work performed.

A)Identifying
B)Defining
C)Planning
D)Executing
E)Closing

Question 12

Which of the following is NOT one of the stages of a project life cycle?

A)Identifying
B)Defining
C)Planning
D)Executing
E)Closing

Question 13

Which of the following is NOT typical of a project manager?

A)Managing a temporary activity
B)Overseeing existing operations
C)Managing a nonrepetitive activity
D)Responsible for time, cost and performance trade-offs
E)Work with a group of outsiders, including vendors and suppliers

Question 14

Two dimensions within the project management process are

A)Technical and sociocultural.
B)Cost and time.
C)Planned and unexpected.
D)Established and new.
E)Unique and reoccurring.

Question 15

Which of the following activities is NOT considered a project?

A)Developing a new software program
B)Designing a space station
C)Preparing the site for the Olympic Games
D)Production of automobile tires
E)Developing a new advertising program

Question 16

Projects should align with the organization's overall strategy in order to

A)Complete the project safely.
B)Reduce waste of scarce resources.
C)Ensure customer satisfaction.
D)Secure funding.
E)None of these are reasons why projects should align with the organization's overall strategy.

Question 17

In the _____________ stage of What is a project?, project objectives are established, teams are formed, and major responsibilities are assigned.

A)Identifying
B)Defining
C)Planning
D)Executing
E)Closing

Question 18

In the _____________ stage of What is a Project? project the product is delivered to the customer and resources are released from the project.

A)Identifying
B)Defining
C)Planning
D)Executing
E)Closing

Question 19

Which of these is NOT part of the "technical dimension" of project management?

A)WBS
B)Budgets
C)Problem solving
D)Schedules
E)Status reports

Question 20

Project management is important to understand when people are a part of a project team because they

A)Work with others to create a schedule and budget.
B)Need to understand project priorities so they can make independent decisions.
C)Need to be able to monitor and report project progress.
D)Need to understand the project charter or scope statement that defines the objectives and parameters of the project.
E)All of these are reasons it is important for project team members to understand project management.

Question 21

Project Management is a style that places a premium on

A)building relationships.
B)including a diverse set of talent.
C)maintenance operations.
D)building relationships and including a diverse set of talent.

Question 22

As the number of small projects increase within an organization's portfolio, what is a challenge an organization faces?

A)Sharing resources
B)Measuring efficiency
C)Managing risk
D)Prioritizing projects
E)All of these are challenges.

Question 23

Which of the following is a good example of a program?

A)Planting a garden
B)Developing a new residential area that includes six custom homes
C)Developing a new marketing plan
D)Taking notes each class meeting to prepare for the final
E)Planning a wedding

Question 24

A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a

A)Strategy.
B)Program.
C)Campaign.
D)Crusade.
E)Venture.

Question 25

Project management is not limited to the __________ sector.

Question 26

Which of the following is typically the responsibility of a project manager?

A)Meeting budget requirements
B)Meeting schedule requirements
C)Meeting performance specifications
D)Coordinating the actions of the team members
E)All of these are typical responsibilities.

Question 27

Which of the following is NOT a reason why project management has become a standard way of doing business?

A)Increased need for skilled management of stakeholders outside of organization.
B)Projects need to be done faster.
C)Organizations are doing more project work in-house instead of outsourcing.
D)Organizations are executing more and more projects.
E)Increased product complexity and innovation.

Question 28

A project lifecycle

A)will only ever consist of four phases.
B)must be dogmatically followed.
C)reduces the amount of planning necessary.
D)can vary based on the industry.

Question 29

The initial stage in the project life cycle is the __________ stage.

Question 30

Governance of all project management processes and procedures helps provide senior management with all of the following EXCEPT

A)A method to ensure projects that are important to senior management are being implemented.
B)An assessment of the risk their portfolio of projects represents.
C)An overview of all project management activities.
D)A metric to measure the improvement of managing projects relative to others in the industry.
E)A big picture of how organizational resources are being used.

Question 31

Project management is being driven by

A)Elevated profit motive.
B)Knowledge explosion.
C)Increase customer focus.
D)Knowledge explosion and increase customer focus.

Question 32

A professional organization for project managers that has grown from 93,000 in 2002 to more than 520,000 currently is the ___________.

Question 33

Which of these is NOT part of the "sociocultural dimension" of project management?

A)Negotiation
B)Resource allocation
C)Managing customer expectations
D)Leadership
E)Dealing with politics

Question 34

Which of the following is NOT true about project management?

A)It is not limited to the private sector.
B)Many opportunities are available for individuals interested in this career path.
C)It improves one's ability to plan, implement and manage activities to accomplish specific organizational objectives.
D)It focuses primarily on technical processes.
E)It is a set of tools.

Question 35

Which of the following represents the correct order of stages within the project life cycle?

A)Planning, Defining, Executing, Closing
B)Closing, Planning, Defining, Executing
C)Defining, Planning, Executing, Closing
D)Executing, Defining, Planning, Closing
E)Planning, Defining, Closing, Executing

Question 36

A project does not include

A)unique elements.
B)a specific objective.
C)repetitive same or similar work.
D)creating a new product or service.

Question 37

In organizations where a majority of workers perform repetitive operations there is often a lack of

A)job security.
B)singular purpose.
C)a management hierarchy.
D)administrative oversight.

Question 38

Corporate downsizing has increased the trend toward

A)Reducing the number of projects a company initiates.
B)Outsourcing significant segments of project work.
C)Using dedicated project teams.
D)Shorter project lead times.
E)Longer project lead times.

Question 39

Project Managers are

A)ultimately responsible for performance.
B)not timid.
C)a direct link to the customer.
D)all of the above.

Question 40

The final stage in the project life cycle is the __________ stage.

Question 41

In today's high-tech industries the product life cycle is averaging _________ to 3 years.

Question 42

A(n)_________ is a series of coordinated, related multiple projects that continue over an extended time intended to achieve a goal.

Question 43

A professional organization for project management specialists is the ___________.

Question 44

Because of the profitability motive, project management is nearly always limited to the private sector.

Question 45

The establishment of project goals, specifications, and responsibilities usually occurs in the ________ stage of the project life cycle.

Question 46

A major part of the project work, both physical and mental, takes place in the ___________ stage of the project life cycle.

Question 47

The _____________ typically passes sequentially through four stages.

Question 48

One of the defining characteristics of a project is that it has a singular purpose, i.e., an established ________.

Question 49

Increased competition has placed a premium on customer satisfaction and the development of __________ products and services.

Question 50

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

Question 51

WBS, schedules, and budgets are examples of the _________ dimension of the project management process.

Question 52

Training the customer, releasing staff and resources occurs in the ________ stage of the project life cycle.

Question 53

In some organizations, selection and management of projects often fail to support the overall _________ of the organization.

Question 54

Project managers are expected to ensure that appropriate trade-offs are made between the time, cost, and __________ requirements of the project.

Question 55

The advent of many small projects has created the need for an organization that can support __________ management.

Question 56

Leadership, teamwork, and negotiation are examples of the _________ dimension of the project management process.

Question 57

Applying a set of knowledge, skills, tools, and techniques to a collection of projects in order to move the organization toward its strategic goals is known as project ____________.

Question 58

The project's schedule and budget will be determined in the ___________ stage of the project life cycle.

Question 59

An increase in the complexity of projects, because projects typically include the latest advances, can be the result of a growth in new __________.

Question 60

Because projects have a defined beginning and end, the ________ is frequently used to manage the transitions of a project from start to completion.

Question 61

One of the defining characteristics of project management is that the projects are not confined to a single department but involve several departments and professionals.

Question 62

Most people who excel at managing projects never have the title of project manager.

Question 63

One of the characteristics that separate project management from other endeavors of the organization is that there are specific time, cost, and performance requirements.

Question 64

Project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation and repeatability.

Question 65

Due to corporate downsizing, significant segments of project work have been outsourced to other organizations.

Question 66

Strategic plans should be written by one group of managers, projects should be selected by another group, and projects should be implemented by another group.

Question 67

Since a construction company builds many buildings, the buildings built after the first do not fit the definition of a project.

Question 68

One of the most significant driving forces behind the demand for project management is the ever increasing lengthening of the product life cycle.

Question 69

A professional certification for project managers is a Project Management Professional (PMP).

Question 70

Not only is project management critical to many careers, the skill set is transferable across most businesses and professions.

Question 71

Successful project managers focus primarily on technical dimensions of project management, which include planning, scheduling, and controlling projects.

Question 72

A program is a process designed to accomplish a common goal over time.

Question 73

Because of its flexibility, project management is equally useful in ongoing, routine work as well as unique, one-time projects.

Question 74

Project governance means applying a set of knowledge, skills, tools, and techniques to a collection of projects in order to move the organization toward its strategic goals.

Question 75

Smaller projects in larger organizations tend not to need project management skills.

Question 76

Today, projects are the modus operandi or the method used for implementing organizational strategy.

Question 77

Because of the requirement for in-depth expertise, project management is generally restricted to specialists.

Question 78

The first stage in the project life cycle is the concept stage.

Question 79

At first glance, project managers perform the same functions as other managers.That is, they plan, schedule, motivate and control.

Question 80

A major portion of the project work, both physical and mental, takes place during the production stage of the project life cycle.