Question 1 1.
Project management is first and foremost: Answer
a customer service challenge.
2.5 points
Question 2 1.
Acme uses no recognizable project p roject management processes and has entertaining project meetings me etings because each member has a unique way of reporting progress or lack thereof. Acme is most likely at the __________ level in the generic project management maturity model. Answer
low
2.5 points
Question 3 1.
The same project managed in the same fashion may succeed in one organization but fail in another because __________ . Answer
organizational context matters
2.5 points
Question 4 1.
Souder's project screening criterion that indicates an effective model must reflect organization objectives, including a firm's strategic goals and mission is called: Answer
realism
2.5 points
Question 5 1.
Economic conditions are a part of an organization's: Answer
external environment.
2.5 points
Question 6 1.
One practical step that should be taken in order for an organization to begin developing a core of project management professionals is to: Answer
formalize the organization's commitment with training programs.
2.5 points
Question 7 1.
Which statement regarding the duties of l eaders and managers is best? Answer
Leaders embrace change while managers support the status quo.
2.5 points
Question 8 1.
Individual activities and their durations are developed during the __________ phase of the project life cycle. Answer
planning
2.5 points
Question 9 1.
A champion that is an engineer, scientist, or similar person who is the driving force behind an idea is termed a(n): Answer
creative originator.
2.5 points
Question 10 1.
Cleland's project stakeholder management cycle: Answer
is a recurring cycle that allows new stakeholder to be considered at any time. 2.5 points
Question 11 1.
A normal cost is incurred when: Answer
the aggressive baseline plan is adhered to.
2.5 points
Question 12 1.
Which statement regarding project selection is best? Answer
Decision models have both objective and subjective factors. There exists a place for both subjective and objective inputs and decisions in any useful screening model.
2.5 points
Question 13 1.
The temporal context or space to which an individual is oriented is their: Answer
time orientation.
2.5 points
Question 14 1.
The goals of a project are sometimes called __________. Answer
deliverables
2.5 points
Question 15 1.
Companies that are structured by grouping people performing similar activities into departments are: Answer
functional organizations.
2.5 points
Question 16 1.
Which worker's wages would constitute a direct cost for a construction project? Answer
the brick mason
2.5 points
Question 17 1.
A good starting point for matching employees to project work would be: Answer
conducting basic personality assessment.
2.5 points
Question 18 1.
The project management pearl of wisdom that declares, "If they know nothing of what you are doing, they assume you are doing nothing," means that: Answer
stakeholders must be communicated with on a continual basis throughout the project's development.
2.5 points
Question 19 1.
A project management office is designed to oversee or improve the management of projects without stripping responsibility from the project manager. Answer
TRUE
2.5 points
Question 20 1.
The most recent addition to the four criteria of project success is __________ . Answer
client acceptance 2.5 points
Question 21 1.
"A product is introduced into a market, gains the acceptance of a fickle public, and finally is supplanted by a new and improved offering. This phenomenon is known as the:" Answer
product life cycle.
2.5 points
Question 22 1.
Cost estimates that are based as a guideline on real numbers, or figures derived after the completion of preliminary design work, are: Answer
feasibility estimates.
2.5 points
Question 23 1.
Project managers communicate with __________ . Answer
a majority of stakeholders
2.5 points
Question 24 1.
A project screening criterion that allows the company to compare long term versus short term projects, projects with different technologies, and projects with different commercial objectives is: Answer
capability
2.5 points
Question 25 1.
Estimates based on the assumption that historical data can be b e used as a frame of o f reference for current estimates are: Answer
comparative estimates.
2.5 points
Question 26 1.
Which of these is NOT an element of emotional intelligence? Answer
intelligence
2.5 points
Question 27 1.
Which of the following is NOT part of the triple constraint of project success? Answer
strategy
2.5 points
Question 28 1.
"In general, product life cycles are becoming __________ and product launch windows are becoming __________." Answer
"shorter, narrower"
2.5 points
Question 29 1.
Which of the following is accomplished through project management? Answer
A software developer creates a new iPhone app.
2.5 points
Question 30 1.
Gizmo company compares the way they manage projects with the way rival Wazzo company manages projects. Gizmo company is engaged in __________ . Answer
competitive benchmarking.
2.5 points
Question 31 1.
A large sample survey was used to ask a total of 2,615 managers within U.S. corporations what they considered to be the most important characteristic of effective leaders. The item that ranked #1 with an 83 percent selection rate was: Answer
honest.
2.5 points
Question 32 1.
The project plan is supported by the t he work breakdown structure (WBS), the _________, and the __________ . Answer
"budget, schedule."
2.5 points
Question 33 1.
Which of the following is a non-traditional role of a project champion? Answer
cheerleader
2.5 points
Question 34 1.
A budget containing disaggregated figures across the schedule when work is planned is a: Answer
time-phased budget.
2.5 points
Question 35 1.
A project manager may also be the project champion. Answer
TRUE
2.5 points
Question 36 1.
Effective comparative estimates rely most heavily on: Answer
true comparability between the current project and previous project work.
2.5 points
Question 37 1.
An activity with a learning rate of 0.9 takes 20 hours for the first iteration. How long will it take to complete this task for the 10th time? Answer
14 hours
2.5 points
Question 38
1.
Which of these is typically a recurring cost? Answer
logistics
2.5 points
Question 39 1.
An advantage of top-down budgeting is: Answer
that top management estimates of project costs are often quite accurate, at least in aggregate.
2.5 points
Question 40 1.
A __________ is a temporary endevor undertaken to create a unique new product or service. Answer
project
Question 41
A writer estimates it will take three months to generate spiffy documents to accompany a seminal work in operations management. He grossly underestimates the time required and misses his deadline by two months. This estimate was: Answer
subjective and inaccurate
2.5 points
Question 42 Which of the following is a traditional duty of a project champion? Answer
technical understanding
2.5 points
Question 43
An options model could be used when financial criteria would change chang e significantly over time. Answer
TRUE
2.5 points
Question 44 Because projects managed under a project portfolio management scheme may be independent of each other, it is not necessary to consider resource use when deciding to pursue any si ngle project. Answer
FALSE
2.5 points
Question 45
A project typically has _________ . Answer
a defined start and end date.
2.5 points
Question 46
The tip of the pyramid p yramid for corporate strategic elements is __________ . Answer
objective
2.5 points
Question 47
Personnel costs comprise one of the highest sources of project expense. Answer
TRUE
2.5 points
Question 48
"Atkinson suggests that all groups that are affected by a project, otherwise known as __________, should have a hand in assessing project success." Answer
stakeholders 2.5 points
Question 49 Options models are used to assist in project selection decisions __________ Answer
when major risks dominate the decision, and the company may not recover the money it invests in the project.
2.5 points
Question 50
"Detailed specifications, schematics, and schedules are all developed during the __________ stage." Answer
planning
2.5 points
Question 51
The tendency of employees in a functionally organized company to become fixated on their own concerns and work assignments to the exclusion of the needs of other departments is known as: Answer
siloing. 2.5 points
Question 52
"Strategic management is the science of formulating, implementing, and evaluating __________ decisions." Answer
cross-functional
2.5 points
Question 53 Once most of the design work is complete, at a point when the scope and capabilities of the project are quite well understood, a __________ may be developed.
Answer
definitive estimate
2.5 points
Question 54
"The solution to external and internal problems that tha t has worked consistently for a group and that is therefore taught to new members as the correct way to perceive, think about, and feel in relation to these problems is known k nown as:" Answer
organizational culture.
2.5 points
Question 55
The order of magnitude cost estimate is used u sed when: Answer
information or time is scarce.
2.5 points
Question 56
"The PMO with minimal support to the project p roject manager, ensuring only consistent tracking and monitoring is the:" Answer
weather station model. 2.5 points
Question 57 Motivation ultimately comes from: Answer
within each team member.
2.5 points
Question 58
Which of these is typically a nonrecurring cost? Answer
site study
2.5 points
Question 59
The first step in Block's framework of the political process p rocess as applied to stakeholder management is to: Answer
assess the environment
2.5 points
Question 60
"Projects are the __________ of corporate strategy, because they turn strategy into action." Answer
stepping stones
2.5 points
Question 61 The Bennis article on competencies that determine a project leader's success indicates that it is crucial to continually remind the team: Answer
what is important.
2.5 points
Question 62 A budget that is created by starting with the work breakdown structure (WBS), determining costs for each work package, and then adding these costs together is: Answer
bottom-up budgeting.
2.5 points
Question 63
Projects are __________-focused. Answer
customer 2.5 points
Question 64
"Lockheed Corporation's name for a small, autonomous group of people who research and develop a project primarily for the sake of radical innovation." Answer
skunkworks
2.5 points
Question 65 A plan that identifies the allocated resources, the project's goals, and the schedule that allows an organization to achieve those goals is: Answer
the project budget.
2.5 points
Question 66
Which project has the faster Payback Period? Answer
"Machine C costs $10,000 and will save $5,000 per year. "
2.5 points
Question 67
The Profile Model plots a graph on a: Answer
risk-return pair of axes.
2.5 points
Question 68 There are many factors in project selection a nd screening. A commercial factor might be: Answer
the long-term market dominance.
2.5 points
Question 69
A dual hierarchy is the salient feature of a: Answer
matrix structure.
2.5 points
Question 70
Which of these duties is more reflective of a leader's tasks? Answer
motivation and inspiration
2.5 points
Question 71 The Analytical Hierarchy Process is being employed in a project selection decision. One major (first level) criteria, Market Opportunity, receives a weighting value of 40%, which is split into three second level subcriterias: short-term (55%), intermediate-term(35%), and long-term (10%). What is t he intermediateterm Market Opportunity? Answer
(0.40) x (0.35)
2.5 points
Question 72 A recent study of new product development projects at a variety of organizations revealed that: Answer
about 95% of the successful projects had a clearly identifiable champion.
2.5 points
Question 73
Successful project management firms rely on home runs and narrowly concentrated efforts since specialization creates name recognition and market sha re. Answer
FALSE 2.5 points
Question 74
Project management entails crossing __________ and __________ boundaries. Answer
"functional, organizational"
2.5 points
Question 75
Which statement about stakeholders is most accurate? Answer
"Stakeholders can potentially impact, positively or negatively, project development."
2.5 points
Question 76
The efficient frontier in a profile model is the set of options that offers a maximum return for a given level of risk or a minimum risk for every level of return. Answer
TRUE
2.5 points
Question 77 A simple scoring model for project evaluation requires: Answer
score values assigned to each criterion in terms of its rating.
2.5 points
Question 78
Unplanned costs incurred when steps are taken to speed up project's completion are called: Answer
expedited costs.
2.5 points
Question 79
The most important thing to remember when using project selection models is to be consistent and objective. Answer
TRUE
2.5 points
Question 80
"A project that results in ""doing the wrong things well"" has ignored the __________ ." Answer
customer satisfaction goal.