Question 1

The abridged, generic phase gated process includes how many Go/Kill decision points?

Accepted Answer

D

Question 2

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

Accepted Answer

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

Question 3

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.

Question 4

During which of the following phase gates would the question of "What are the project's ROI and/or non-financial 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 include 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 5

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.

Question 6

During which of the following phase gates would the question of "Are the resources needed identified and available?" be answered?

Accepted Answer

The implementation plan review information should include the planning document developed in earlier chapters.In this phase one of the questions is "Are the resources needed identified and available?"

Question 7

Project Management Office functions typically include all of the following except:

Accepted Answer

The PMO does not typically have the authority to select which projects to undertake. This is usually the responsibility of senior management or a project steering committee. The other options are typical functions of a PMO.

Question 8

Which of the follow percentages is the authors' estimate of project-driven organizations that have been implementing some form of oversight for several years?

Accepted Answer

The authors estimate over 95 percent of project-driven organizations have been implementing some form of oversight for several years.

Question 9

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

Accepted Answer

This proposal phase answers a fundamental question: Is the project a good idea and does it solve a business problem or issue?

Question 10

Typical activities of project oversight cover which of the following dimensions?

Accepted Answer

Project oversight typically covers the dimensions of organization and project, but not necessarily the customer. Therefore, choices A and B are correct, while choice C is not. Both A and B being correct, the answer is D.

Question 11

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

Accepted Answer

Phase gate, 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.

Question 12

Which of the following is not one of the techniques to insure that projects meet the needs of the organization?

Accepted Answer

The intent 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 13

Project Management Office functions typically include all of the following except:

Accepted Answer

The Project Management Office (PMO) typically includes functions like creating and maintaining project management systems, recruiting project managers, training personnel, and developing risk management programs. Therefore, all the options listed are typically included in PMO functions.

Question 14

Organizational options to cover every aspect of managing projects in the organization are currently achieved by all of the following except:

Accepted Answer

Project oversight, through an executive committee, oversight group, or a project office, covers every aspect of managing projects in the organization.

Question 15

The original Stage-Gate^TM model included all the following stages except:

Accepted Answer

The original Stage-Gate model included all the stages listed: Preliminary investigation, Detailed investigation, Testing and validation, and Production and market launch.

Question 16

The term that is used to reflect how organizations oversee their project management systems is:

Accepted Answer

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

Question 17

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 18

Project offices are known to result in positive benefits such as:

Accepted Answer

Project offices provide a bridge between senior management and project managers, support the integration of project management processes, and offer training to enhance project management maturity, thus all options are correct.

Question 19

Which of the following firms use project offices to coordinate projects and to ensure best practices are being used to manage projects?

Accepted Answer

High-tech firms such as Hewlett-Packard (HP), International Business Machines (IBM), and Dell all use project offices to coordinate projects and to ensure best practices are being used to manage projects.

Question 20

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?"

Quiz 16: Oversight

The abridged, generic phase gated process includes how many Go/Kill decision points?

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

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:

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

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?

During which of the following phase gates would the question of "Are the resources needed identified and available?" be answered?

Project Management Office functions typically include all of the following except:

Which of the follow percentages is the authors' estimate of project-driven organizations that have been implementing some form of oversight for several years?

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

Typical activities of project oversight cover which of the following dimensions?

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 techniques to insure that projects meet the needs of the organization?

Project Management Office functions typically include all of the following except:

Organizational options to cover every aspect of managing projects in the organization are currently achieved by all of the following except:

The original Stage-Gate^TM model included all the following stages except:

The term that is used to reflect how organizations oversee their project management systems is:

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

Project offices are known to result in positive benefits such as:

Which of the following firms use project offices to coordinate projects and to ensure best practices are being used to manage projects?

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

Quiz 16: Oversight

The abridged, generic phase gated process includes how many Go/Kill decision points?

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

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:

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

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?

During which of the following phase gates would the question of "Are the resources needed identified and available?" be answered?

Project Management Office functions typically include all of the following except:

Which of the follow percentages is the authors' estimate of project-driven organizations that have been implementing some form of oversight for several years?

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

Typical activities of project oversight cover which of the following dimensions?

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 techniques to insure that projects meet the needs of the organization?

Project Management Office functions typically include all of the following except:

Organizational options to cover every aspect of managing projects in the organization are currently achieved by all of the following except:

The original Stage-GateTM model included all the following stages except:

The term that is used to reflect how organizations oversee their project management systems is:

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

Project offices are known to result in positive benefits such as:

Which of the following firms use project offices to coordinate projects and to ensure best practices are being used to manage projects?

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

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

The original Stage-Gate^TM model included all the following stages except: