Question 1

The project __________ is responsible for the continued support of consistent application of selection criteria,standards,processes,training,and general assistance to project managers.

Accepted Answer

The answer of The project __________ is responsible for the...

Question 2

In which of the following Project Management Maturity Model Levels is the focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods?

Accepted Answer

In Level 5: Optimization of project management system,the focus is on continuous improvement through incremental advancements of existing practices and by innovations using new technologies and methods.

Question 3

The balanced scorecard model differs from project selection models by reviewing projects over a longer horizon of ___________ after the project is implemented.

Accepted Answer

The balanced scorecard model differs from project selection models by reviewing projects over a longer horizon of 5 to 10 years after the project is implemented.It is more "macro" in perspective than project selection models.

Question 4

When considering the phase gate review process,gate criteria and specific outputs must be established at each gate.The criteria for all of the gates during the project should be selected ________ the start of the project.

Accepted Answer

The answer of When considering the phase gate review process,gate...

Question 5

It is well established that project-driven companies with higher maturity levels are more ____________ in managing projects.

Accepted Answer

The answer of It is well established that project-driven companies...

Question 6

The first appearance of standard approaches to managing projects including scope statements and WBS occurs in which of the following Project Management Maturity Model Levels?

Accepted Answer

In Level 2: Formal application of project management,the organization applies established project management procedures and techniques.This level is often marked by tension between project managers and line managers who need to redefine their roles.Standard approaches to managing projects,including scope statements,WBS,and activity lists,are used.There is no formal project priority selection system established at this level and limited training in project management is provided.

Question 7

The _________ phase of the phase-gated process answers the fundamental question: "Is the project a good idea and does it solve a business problem or issue?"

Accepted Answer

The answer of The _________ phase of the phase-gated process...

Question 8

Which model reviews projects over a long horizon and measures the results of major activities taken to support the overall vision,mission,and goals of the organization? This model helps answer two questions: "Did we select the right projects?" and "Did the project contribute to the long-range strategic direction of the firm?"

Accepted Answer

The balanced scorecard model reviews projects over a long horizon and measures the results of major activities taken to support the overall vision,mission,and goals of the organization? This model helps answer two questions: "Did we select the right projects?" and "Did the project contribute to the long-range strategic direction of the firm?" The scorecard model limits measures of performance to goals in four main areas: customer,internal,innovation and learning,and financial measures.

Question 9

An established process of managing projects that is evident by planning templates,status report systems and checklists for each stage of the project life cycle occurs in which of the following Project Management Maturity Model Levels?

Accepted Answer

In Level 3: Institutionalization of project management,an organizationwide project management system,tailored to specific needs of the organization with the flexibility to adapt the process to unique characteristics of the project,is established.Risk assessment derived from WBS and technical analyses and customer input are in place along with an established process of managing projects evident by planning templates,status report systems and checklists for each stage of the project life cycle.These are a few of the characteristics of this level.

Question 10

Phase gates provide an in-depth review of individual projects at specific ________ in the project life cycle.

Accepted Answer

The answer of Phase gates provide an in-depth review of...

Question 11

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 __________ project management.

Accepted Answer

The answer of The centralized management of projects to ensure...

Question 12

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

Accepted Answer

The answer of Project __________ can be defined as a...

Question 13

The ____________ review process can be defined as a structured process to review,evaluate,and document outcomes in each project phase and to provide management with information to guide resource deployment toward strategic goals.

Accepted Answer

The phase gate review process can be defined as a structured process to review,evaluate,and document outcomes in each project phase and to provide management with information to guide resource deployment toward strategic goals.This oversight activity begins with project selection and tracking the project life cycle through closure and lessons learned.

Question 14

The typical activities of project oversight cover two dimensions.Project selection and portfolio management are typical activities at the _________ level of project oversight.

Accepted Answer

The answer of The typical activities of project oversight cover...

Question 15

The typical activities of project oversight cover two dimensions.Reviewing project objectives and resolving project bottlenecks are typical activities at the _________ level of project oversight.

Accepted Answer

The answer of The typical activities of project oversight cover...

Question 16

The second purpose of project oversight is to support the ___________.

Accepted Answer

The answer of The second purpose of project oversight is...

Question 17

Project audits are performed on all significant projects and lessons learned are recorded and used on subsequent projects in which of the following Project Management Maturity Model Levels?

Accepted Answer

In Level 4: Management of project management system,the organization develops a system for managing multiple projects that are aligned with strategic goals of the organization.Project audits are performed on all significant projects and lessons learned are recorded and used on subsequent projects.These are a few of the characteristics of this level.

Question 18

Each gate within the phase gate review process should,at a minimum,include the following EXCEPT

Accepted Answer

At a minimum each gate should include three components: required deliverables,gate criteria and specific outcomes,a clear yes/no decision on whether to go ahead.

Question 19

The __________ review process can be defined as a structured process to review,evaluate,and document outcomes in each project phase and to provide management with information to guide resource deployment toward strategic goals.

Accepted Answer

The answer of The __________ review process can be defined...

Question 20

No consistent project management process is in place in which of the following Project Management Maturity Model Levels?

Accepted Answer

In Level 1: Ad hoc project management,no consistent project management process is in place.How a project is managed depends upon the individuals involved.

Quiz 16: Oversight