Question 1

Project office functions typically include which of the following?

Accepted Answer

The different services project offices may provide include creating and maintaining the internal project management information system,recruiting and selecting project managers both within and outside the organization,establishing standardized project planning and reporting methodologies,training personnel in project management techniques and tools,auditing ongoing and recently completed projects,and developing comprehensive risk management systems,just to name a few.

Question 2

The major goals of phase gating are all of the following EXCEPT

Accepted Answer

The major goals for phase gating are to ensure oversight and support for the project manager and the project team,to direct organization resources toward strategic goals,and to reduce the number of projects that do not support the forward direction of the organization.

Question 3

During which of the following phase gates would the questions "Are the resources needed identified and available?" and "Are tasks sequenced and is a time-phased budget established?" be answered?

Accepted Answer

The implementation plan review information should include the planning document developed in earlier chapters.In this phase two of the questions are "Are the resources needed identified and available?" and "Are tasks sequenced and is a time-phased budget established?"

Question 4

Managing the organization project portfolio includes the following key responsibilities EXCEPT

Accepted Answer

Managing the organization project portfolio includes several key responsibilities including: review project options available by type (strategic,operational,compliance),confirm business case and linkage to organizational strategy,select,prioritize and balance risk of all organizational strategy,ensure availability of resources,set macro time,cost,and requirements,and review gating outcomes.

Question 5

During which of the following phase gates would the question "Does this project align with our strategic direction?" be answered?

Accepted Answer

This proposal phase answers a fundamental question: Does this project align with our strategic direction?

Question 6

The phase-gated process includes how many go/kill decision points or gates?

Accepted Answer

The abridged,generic phase-gate process includes six go/kill decision points or gates.At a minimum each gate should include three components: required deliverables,gate criteria and specific outputs,a clear yes/no decision on whether to go ahead.

Question 7

Which of the following is responsible for the continued support of consistent application of selection criteria,standards,processes,training,and general assistance to project managers and continued improvement and use of best practices?

Accepted Answer

The project office (PO)is the unit responsible for the continued support of consistent application of selection criteria,standards,and processes;training of and general assistance to project managers;and continued improvement and use of best practices.The project office is used as the vehicle to support and manage oversight activities.

Question 8

The intent of project oversight includes all of the following EXCEPT

Accepted Answer

The intent of project oversight is to ensure projects meet the needs of the organization through standards,procedures,accountability,efficient allocation of resources,and continuous improvement in the management of projects.A second purpose is to support the project manager.

Question 9

During which of the following phase gates would the question of "Are time,costs,and scope performances within acceptable limits?" be answered?

Accepted Answer

Your progress evaluation review covers the control activities of tracking progress,identifying variances from your plan,and taking corrective action.A major chunk of the data requirements for the phase review are simply measures against the project plan.Tracking progress and identifying variances against scope,time,budget,and control of changes and identified risks are easily accomplished using available software.In this phase one of the questions is "Are time,costs,and scope performances within acceptable limits?"

Question 10

At the project level,all of the following are examples of oversight activities EXCEPT

Accepted Answer

Project selection is an oversight activity at the organization level.

Question 11

During which of the following phase gates would the questions "Were the project scope objectives met?" and "Were project cost and schedule met?" be answered?

Accepted Answer

The closure and lessons learned activities closely follow the closure activities found in previous chapters.In this phase two of the questions would be "Were the project scope objectives met?" and "Were project cost and schedule met?"

Question 12

The term that can be defined as a set of principles and processes to guide and improve the management of projects is

Accepted Answer

Project oversight can be defined as a set of principles and processes to guide and improve the management of projects.

Question 13

The importance of the increase in project oversight to today's project manager includes all of the following EXCEPT

Accepted Answer

First,in almost all cases oversight is interested in supporting and helping the project manager where needed.This is an improvement over the past.Second,the oversight function determines the environment in which the project manager will implement his or her project.This can affect the management of a project in a positive or negative manner.Third,depending on the size and complexity of the project,methods used to hold the project manager responsible and accountable will influence how performance is measured.Finally,the project manager,who is responsible for day-to-day management,will probably be reporting to this oversight group at predetermined phases in the project.In short,project oversight supports project management at the organization and project levels.

Question 14

The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as

Accepted Answer

Portfolio project management is the centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals.Portfolio management is becoming more common and important in project organizations.

Question 15

Typical activities of project oversight cover which two dimensions?

Accepted Answer

The typical activities of project oversight cover two dimensions which include the organization and the project.These are where the organization has most control.

Question 16

At the organizational level,all of the following are examples of oversight activities EXCEPT

Accepted Answer

At the organizational level,project selection,portfolio management,improving the way all projects are managed over time,assessing and elevating the maturity level of the organization's project management system,and using the balanced scorecard approach to review progress on strategic priorities,are all examples of oversight activities.Auditing and reviewing lessons learned is an activity at the project level.

Question 17

Which of the following is NOT one of the growth levels in the Organizational Project Management Maturity Model (OPM3^TM)?

Accepted Answer

Typically,these models are divided into a continuum of growth levels: initial,repeatable,defined,managed,and optimized.

Question 18

During which of the following phase gates would the question,"What are the project's ROI and/or nonfinancial benefits?" be answered?

Accepted Answer

The selection review includes a thorough analysis based on selection criteria.The gating group uses weighted scoring model criteria,which typically includes project risks,costs,resource needs,urgency,financial analysis,benefits,identified sponsor,and other criteria found in selection models.In this phase one of the questions is "What are the project's ROI and/or nonfinancial benefits?"

Question 19

The purpose of _____________ is to enable organizations to assess their progress in implementing the best project management practices in their industry and continuously move to improvement.

Accepted Answer

The purposes of all maturity models are to enable organizations to assess their progress in implementing the best project management practices in their industry and continuously move to improvement.It is important to understand that the model does not ensure success;it serves only as a measuring stick and an indicator of progress.

Question 20

The in-depth review of individual projects at specific phases in the project life cycle is known as

Accepted Answer

Phase gates provide an in-depth review of individual projects at specific phases in the project life cycle.These reviews cover assessments to continue or kill the project,reassess resource allocation,reassess prioritization,and evaluate execution progress,as well as strategic alignment decisions.

Quiz 16: Oversight

Project office functions typically include which of the following?

The major goals of phase gating are all of the following EXCEPT

During which of the following phase gates would the questions "Are the resources needed identified and available?" and "Are tasks sequenced and is a time-phased budget established?" be answered?

Managing the organization project portfolio includes the following key responsibilities EXCEPT

During which of the following phase gates would the question "Does this project align with our strategic direction?" be answered?

The phase-gated process includes how many go/kill decision points or gates?

Which of the following is responsible for the continued support of consistent application of selection criteria,standards,processes,training,and general assistance to project managers and continued improvement and use of best practices?

The intent of project oversight includes all of the following EXCEPT

During which of the following phase gates would the question of "Are time,costs,and scope performances within acceptable limits?" be answered?

At the project level,all of the following are examples of oversight activities EXCEPT

During which of the following phase gates would the questions "Were the project scope objectives met?" and "Were project cost and schedule met?" be answered?

The term that can be defined as a set of principles and processes to guide and improve the management of projects is

The importance of the increase in project oversight to today's project manager includes all of the following EXCEPT

The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as

Typical activities of project oversight cover which two dimensions?

At the organizational level,all of the following are examples of oversight activities EXCEPT

Which of the following is NOT one of the growth levels in the Organizational Project Management Maturity Model (OPM3^TM) ?

During which of the following phase gates would the question,"What are the project's ROI and/or nonfinancial benefits?" be answered?

The purpose of _____________ is to enable organizations to assess their progress in implementing the best project management practices in their industry and continuously move to improvement.

The in-depth review of individual projects at specific phases in the project life cycle is known as

Quiz 16: Oversight

Project office functions typically include which of the following?

The major goals of phase gating are all of the following EXCEPT

During which of the following phase gates would the questions "Are the resources needed identified and available?" and "Are tasks sequenced and is a time-phased budget established?" be answered?

Managing the organization project portfolio includes the following key responsibilities EXCEPT

During which of the following phase gates would the question "Does this project align with our strategic direction?" be answered?

The phase-gated process includes how many go/kill decision points or gates?

Which of the following is responsible for the continued support of consistent application of selection criteria,standards,processes,training,and general assistance to project managers and continued improvement and use of best practices?

The intent of project oversight includes all of the following EXCEPT

During which of the following phase gates would the question of "Are time,costs,and scope performances within acceptable limits?" be answered?

At the project level,all of the following are examples of oversight activities EXCEPT

During which of the following phase gates would the questions "Were the project scope objectives met?" and "Were project cost and schedule met?" be answered?

The term that can be defined as a set of principles and processes to guide and improve the management of projects is

The importance of the increase in project oversight to today's project manager includes all of the following EXCEPT

The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as

Typical activities of project oversight cover which two dimensions?

At the organizational level,all of the following are examples of oversight activities EXCEPT

Which of the following is NOT one of the growth levels in the Organizational Project Management Maturity Model (OPM3TM) ?

During which of the following phase gates would the question,"What are the project's ROI and/or nonfinancial benefits?" be answered?

The purpose of _____________ is to enable organizations to assess their progress in implementing the best project management practices in their industry and continuously move to improvement.

The in-depth review of individual projects at specific phases in the project life cycle is known as

Which of the following is NOT one of the growth levels in the Organizational Project Management Maturity Model (OPM3^TM) ?