Question 1

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

Accepted Answer

The project life cycle is used to manage the transitions of a project from start to completion, outlining the phases from initiation through to closure.

Question 2

Identify the five major characteristics of a project.

Accepted Answer

The answer of Identify the five major characteristics of a...

Question 3

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

Accepted Answer

The answer of Project managers are expected to ensure that...

Question 4

When the project scope and / or technology are not fully known or stable, the best choice of method for such projects is

Accepted Answer

Agile-driven project management is best suited for projects where the scope and technology are not fully known or stable. It allows for flexibility, iterative development, and adaptation to changes, making it ideal for managing uncertainty.

Question 5

In today's customer-focused organizations, the customer is recognized as the final authority of what constitutes quality. Nevertheless, customer tastes and feature preferences vary from customer to customer. Increased competition has placed a premium on customer satisfaction and the development of __________ products and services.

Accepted Answer

Given the context of varying customer tastes and the emphasis on customer satisfaction, the development of "customized" products and services is the most fitting answer. Customization addresses the individual preferences of customers, aligning with the need to cater to diverse customer demands in a competitive market.

Question 6

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

Accepted Answer

An increase in the complexity of projects is often due to the growth in new knowledge, as projects incorporate the latest advances and innovations, which require updated understanding and expertise.

Question 7

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

Accepted Answer

A program is a series of coordinated, related multiple projects that are managed in a coordinated manner to achieve a specific goal over an extended period.

Question 8

Life cycles are used to characterize how things change over time. The _____________ typically passes sequentially through four stages.

Accepted Answer

The answer of Life cycles are used to characterize how...

Question 9

Project managers must have many competencies, among them leadership, teamwork and negotiation. Leadership, teamwork, and negotiation are examples of the _________ dimension of the project management process.

Accepted Answer

These competencies fall under the sociocultural dimension, which involves managing people and relationships in a project.

Question 10

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

Accepted Answer

The defining stage of the project life cycle involves establishing project goals, specifications, and responsibilities.

Question 11

For companies of moderate-to-large size, it is not unusual to have hundreds of small projects ongoing concurrently. The advent of many small projects has created the need for an organization that can support __________ management.

Accepted Answer

Multi-project management is necessary to handle the simultaneous execution and coordination of numerous small projects within a company.

Question 12

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

Accepted Answer

Training the customer, releasing staff, and resources are activities typically associated with the closing stage of a project life cycle. This is when the project is being finalized, deliverables are handed over, and the project is formally closed out.

Question 13

Project managers employ lots of useful tools, many supported by software. WBS, schedules, and budgets are tools taken from the _________ dimension of the project management process.

Accepted Answer

WBS (Work Breakdown Structure), schedules, and budgets are technical tools used in project management to organize, plan, and track the progress of a project. These tools fall under the technical dimension of project management, which focuses on the formal, discipline-specific techniques and methodologies used in managing projects.

Question 14

Projects with high predictability are said to have ____.

Accepted Answer

Projects with high predictability typically have well-defined scopes and requirements, making them ideal for traditional project management approaches that rely on detailed planning and predictability. Agile project management, on the other hand, is better suited for projects with uncertain or evolving requirements.

Question 15

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

Accepted Answer

A project is defined by having a specific objective that it aims to achieve.

Question 16

Agile project management involves ____ whereas traditional project management involves _______.

Accepted Answer

Agile project management is characterized by iterative and incremental delivery, allowing for flexibility and adaptation as the project progresses. Traditional project management, on the other hand, relies on extensive upfront planning and aims for high predictability of outcomes, often with a well-defined scope from the beginning.

Question 17

Agile PM is appropriate when _______.

Accepted Answer

Agile Project Management is suitable for projects where the scope is unknown or unstable, as it allows for flexibility and iterative progress, adapting to changes as they arise.

Question 18

Traditional project management focuses on thorough planning up front. Such planning requires ____.

Accepted Answer

The answer of Traditional project management focuses on thorough planning...

Question 19

A professional organization for project managers is the ___________.

Accepted Answer

The Project Management Institute (PMI) is a globally recognized professional organization for project managers, known for its certification programs and standards in project management.

Question 20

Iterative and incremental delivery means ______.

Accepted Answer

Iterative and incremental delivery involves delivering components or features of the project product or service one at a time throughout the project's duration, allowing for feedback and adjustments.

Quiz 1: Modern Project Management