Chapter 1 30% (3 out of 10 correct)
The questions marked with symbol have not been graded. Responses to questions are indicated by the symbol.
1. The growing demand for a broad range of complex, sophisticated, customized goods and services would have which w hich one of the following implications for the manage ment of projects in modern organizations A. Project managers are responsible for making det ailed technical decisions B. Project managers should rely on the use of teams to plan and execute projects C. Most projects will be performed using subcontractors
solution should always a lways be frozen early in the planning D. The design of a pro ject solution process see p. 1 Level: easy
2. Identify the example that would not usually be considered a project. A. Building a car B. Developing a computer software application program C. Designing a new product
pro duction line D. Installing new equipment in an existing production While it is true that automobiles have an element e lement of customization, process management techniques are used to mass-produce the vehicles. Refer to the section titled Project Objectives.intermediate
3.
According to the authors, aut hors, the prime objectives of project management are cost, time and A. Schedule B. Quality C. Customer satisfaction D. Performance
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Refer to Figure 1 -- 1. Level: easy
4.
The term ³program´ refers to an except ionally large, long-range objective that is broken down into a set of ________. A. Tasks B. Projects C. Subprojects D. Campaigns
Refer to section 1.1. Level: easy
5. The five attributes that characterize a project are: A. Purpose, repetition, interdependencies, consistency, uncertainty B. Lifecycle, schedule, cost, uncertainty, independence C. Purpose, lifecycle, uniqueness, conflict, interdependencies D. Purpose, lifecycle, conflict, certainty, independence
Refer to section 1.1. Level: easy
6. Rising client expectations during execution of a project may lead to a condition known as ________. YOUR ANSWER:
turtu
The suggested answer is scope creep. Refer to the section titled Project Objectives.easy
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The suggested answer is unique. Refer to section 1.1. This is the PMI de finition finition of of a project. Level: easy
8. Having incomplete information about a situation or outcome is known as ________. YOUR ANSWER:
tyrty
The suggested answer is uncertainty. Refer to the t he glossary. Level: easy
9. With respect to project goals throughout the project's lifecycle, early in the lifecycle, the project team's focus should be on how to achieve the required ________. YOUR ANSWER:
trytry
The suggested answer is performance. Refer to Figure 1.3 and section 1.3. Level: advanced
lifecycle concept co ncept is that a project will resist 10. An important implication of the project lifecycle ________ of its existence. YOUR ANSWER:
tyryry
The suggested answer is termination. Refer to section 1.3. Level: intermediate
11. Because the customer is not a member of the performing organization, the customer is not a stakeholder of the project. A. True B. False
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12. The pattern of progress observed in every project lifecycle can be explained by the S-curve that exhibits a cumulative pattern o f slow-rapid-slow slow-rapid-slow progress. prog ress. A. True B. False
refer to section 1.3. Level: intermediate
13. The conventional project lifecycle can be described as a pattern o f cumulative progress that is slow-rapid-slow progress. A. True B. False
Refer to Figure 1 -- 3. Level: easy
14. Earned value is based on the concept that the percentage of project completion is closely correlated with cost or with the use o f resources. A. True B. False
refer to Figure 1.3 and section 1.3. Level: advanced
15. In a conventional project lifecycle, as work progresses uncertainty about the expected outcome should increase. A. True B. False
Refer to Figure 1.7. Dispersion about the t he expected outcome will decrease as the t he results of the project become known.
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30% (3 out of 10 correct)
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o f project selection models. They are 1. The text identifies two basic types of A. Biased and fair B. Iconic and analog C. Numeric and nonnumeric D. Numeric and qualitative
Refer to section 2.3. Level: intermediate
2. If a system is being updated due to operating necessity, the project was selected because A. The system is a sacred cow system that is not important to business success B. The system is worth saving at the estimated co st of the project C. The dimension of cost is not relevant to execution of the project D. The cost overruns can be hidden in someone else's budget
Refer to section 2.4, the o perating necessity nonnumeric model. Level: easy
3.
The payback period model fails to consider ________. pro ject A. Any cashflows generated by the project B. Any cashflows generated during the project's execution C. Any cashflows generated after the project's execution has been completed D. Any cashflows beyond those required to recover the initial project investment
Refer to section 2.4, numeric nu meric models. Level: intermediate
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4.
If the NPV for a project pro ject is > 0, it indicates that the project pro ject will A. Report a profit loss B. Report a profit gain C. Cover its hurdle rate D. Fail to cover its hurdle rate
Refer to section 2.4, numeric nu meric models, discounted cash flow. Level: advanced
usua lly does not account for cashflow. 5. Identify the numeric model that usually A. Internal rate of return B. Average return on investment C. Net present value D. Payback period
Refer to section 2.4, numeric nu meric models. Level: easy
6. The process of modeling a problem seeks to carve away the ________ of a problem. YOUR ANSWER:
hgj
The suggested answer is unwanted reality. Refer to section 2.2. Level: intermediate
7. Reference to an external standard is necessary when taking an ________ measurement. YOUR ANSWER:
jgh
The suggested answer is objective. Refer to section 2.6, measurements. Level: advanced
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YOUR ANSWER:
ghjg
The suggested answer is reliable. Refer to section 2.6, measurements. Level: advanced
______ __ projects have objectives or deliverables 9. According to Wheelwright and Clark, ________ that are only incrementally different in both bot h product and process from existing offerings. YOUR ANSWER:
hgj
The suggested answer is derivative. Refer to section 2.7, step 2: identify project pro ject categories and criteria Level: intermediate
10. The RFP solicitation document includes information about price and ________. YOUR ANSWER:
jhgj
The suggested answer is methodology. Refer to section 2.8, Level: intermediate
11. For a project selected using nonnumeric models, operating necessity projects have priority over competitive necessity projects. A. True
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Refer to section 2.4, numeric models, internal rate of return. Level: intermediate
13. Depreciation is an example of a non-cash expense that would be added to accounting income to determine cash flow from operations. A. True B. False
Refer to section 2.4, numeric models. Level: advanced
profitability models mode ls to account 14. Scoring models are used to o vercome the inability of profitability for multiple decision criteria. A. True B. False
Refer to section 2.4, numeric models, scoring. Level: intermediate
o bjective refers to the difference between an 15. The distinction between subjective and objective opinion and a fact. A. True B. False
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organizing, and controlling the project. A. Drafting B. Funding C. Insuring D. Staffing
Refer to section 3.1. Level: easy
2. The mechanism by which the people in organizations make decisions is known as ________. A. Politics B. Persuasion C. Win-lose competitions D. Strategy
Refer to section 3.2, acquiring adequate resources Level: intermediate
3.
According to the authors, a Type 2 project is A. Well understood but not routine B. Well understood and routine
ro utine C. Not well understood and not routine
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Refer to section 3.3, credibility Level:
into the three t hree 5. The project manager's responsibilities are broad and fall primarily into separate areas of responsibilities to the ________, to the project and the t he client, and to the members of the project pro ject team. A. Parent organization B. Investors C. Interveners D. Special-interest groups
Refer to section 3.1, project pro ject responsibilities responsibilities Level: easy
6. During the ________ stage of the project lifecycle, there is no significant difference in the importance that project managers place on the three goa ls of cost, time, and performance. YOUR ANSWER:
cxbc
The suggested answer is Design or formation stage. Refer to section 3.2, making project goal trade-offs Level: intermediate
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YOUR ANSWER:
vcbv
The suggested answer is schedule. Refer to section 3.2, making project goal tradeoffs. Level: intermediate
9. Culture contains the four elements of technology, ________, language, and arts. YOUR ANSWER:
nvcv
The suggested answer is institutions. Refer to section section 3.4 3. 4 Level: intermediate
cu lture. 10. Art is the aspect of culture that communicates the ________ of the culture. YOUR ANSWER:
cvn
The suggested answer is aesthetic values. Refer to section 3.4 Level: easy
11. The functional manager is responsible for dec iding what resources will be devoted to accomplishing the task. A. True B. False
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Level: easy
13. Type 1 projects usually fail because they are late or over budget. A. True B. False
Refer to section 3.2, failure and the t he risk and fear of failure Level: intermediate
14. In a Type II project, the so-called planning problems usually result from an inability to plan unknown unknowns. A. True B. False
Refer to section 3.2, failure and the t he risk and fear of failure Level: intermediate
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D. Assigning cost centers for the organizational breakdo wn structure
Refer to chapter 5, introduction. Level: intermediate
o f the three major objectives for systems 2. Identify the statement that describes one of integration. A. Performance will be acceptable to the project manager B. The desired performance will be achieved by optimizing each component in the system C. Cost is a design parameter that can be minimized through value engineering
co ncern D. Project efficiency is of paramount concern Refer to section 5.2. Level: easy
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p roject lifecycle that ________. 5. A milestone is a significant event in the project d uration on and consumes co nsumes limited resources A. Has a very short durati B. Has zero duration but consumes resources C. Has zero duration and does not consume resources D. Indicates completion of intangible deliverables
PMBOK Guidelines glossary. Level: easy
6. Attributes such as reliability, quality, and maintainability describe aspects of ________ that reflect what a system does. YOUR ANSWER:
hfdgfg
The suggested answer is performance. Refer to section 5.2. Level: intermediate
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t ime compared to its average 9. The ___________ displays how a statistic is changing over time and extreme values. YOUR ANSWER:
The suggested answer is control chart Refer to the glossary. Level: intermediate
10. The ________ is a measure of project progress that has been made against baseline plans during execution of the project. YOUR ANSWER:
The suggested answer is earned value. Refer to the glossary. Level: intermediate
11. The project plan must be designed in such a way that the project outcome meets the criteria used to justify justify its selection. A. True
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B. False
Refer to section 5.5 Level: easy
ca lled milestones. milestones. 14. The physical items to be delivered from a project are called A. True B. False
Refer to the glossary. Level: easy
o f a task that defines all the work 15. The scope statement provides a description of required to accomplish it, including inputs and d esired outputs. A. True B. False
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Refer to chapter 6, introduction. intro duction. Level: easy
2. Property rights and contractual obligations provide a major source of conflicts that involve the organization and ________. A. Functional managers B. Project team members C. External customers D. Internal customers
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pro ject will often 5. Pressure to complete the project and a nxiety about leaving the project generate ________ conflicts during project phaseout. A. Technical B. Administrative C. Cost D. Personality
Refer to section 6.3, project phaseout. Level:
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9. During project build-up, the project manager seeks a commitment of work from the functional departments when the ________ matrix organizational structure is used to manage the project. YOUR ANSWER:
The suggested answer is weak. Refer to section 6.3, project buildup. Level: intermediate
incompatibilities is likely to 10. The need to manage technical interfaces and to correct incompatibilities create technical conflicts during the __________ _____ _____ phase of the project pro ject lifecycle.
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A. True B. False
Refer to section 6.1 Level: easy
P areto-optimal solution to conflict is to find a so lution 14. The general objective of a Pareto-optimal such that one party can be b e made better off by making a nother party worse off by the same amount or more. A. True
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Refer to chapter 7, introduction. intro duction. Level: easy
shou ld 2. The project's budget should A. Associate earned value during execut ion with project revenues B. Allow funds to be spent without linkage to achievement C. Reflect the timing of expenses associated with the use of resources D. Be changed whenever scope creep can be used to explain a cost variance
Refer to chapter 7, introduction
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ru nning sum of forecast errors (RSFE) approaches ________, t he 5. If the value of the running estimator's errors are assumed to be random. A. Zero B. 1 standard deviation
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The suggested answer is constraints. Refer to chapter 7, introduction. Level: intermediate
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14. If forecast errors are normally distributed, MAD is approximately 80% of a standard deviation.
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2. In the AOA network, dotted-line arrows depict A. Activities B. Events C. Logical dependencies
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C. median D. longest
Refer to section 8.2, critical path and a nd time
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