Project Management JumpStart 3rd Edition Kim Heldman - Solutions

Unlock the full potential of your project management skills with the "Project Management JumpStart 3rd Edition" by Kim Heldman. Access a wealth of resources including an online answers key, comprehensive solutions manual, and solutions PDF. Dive into solved problems and explore questions and answers with our detailed test bank and chapter solutions. Benefit from step-by-step answers and an instructor manual, designed to enhance your understanding of the textbook content. Enjoy the convenience of free download options, providing you with essential tools to excel in your studies and practical applications of project management.

5. Which of the following statements is false concerning the financial analysis of projects? r=68 A. The higher the net present value the better.B. A shorter payback period is better than a longer one.C. The required rate of return is the discount rate that results in an NPV of zero for the
4. It is very important to start at the top of the four-stage planning process pyramid to select projects that support the organization’s _______________. r=68 A. vision B. business strategy C. financial position D. culture
3. The last step in the four-stage planning process for projects is _______________. r=68 A. resource allocation B. project planning C. business area analysis D. strategic planning
2. A large company continues to be successful by providing new products and services for its market niche of brides. What is its main competitive strategy? r=68 A. cost leadership B. quality C. focus D. customer service
1. Which of the following is not part of a SWOT analysis? r=68 A. strengths B. weaknesses C. opportunities D. tactics
Describe the project portfolio selection process and the five levels of project portfolio management?? r=68
Discuss the program selection process and distinguish the differences between programs and projects? r=68
Summarize the various methods for selecting projects and demonstrate how to calculate net present value, return on investment, payback, and the weighted score for a project? r=68
Explain the four-stage planning process for project selection and provide examples of applying this model to ensure the strategic alignment of projects? r=68
Describe the importance of aligning projects with business strategy, the strategic planning process, and using a SWOT analysis? r=68
1. Find someone who works as a project manager or is a member of a project team. If possible, find more than one person. Use the interview guidelines and then ask the questions in person, via the phone, or via the Internet. Discuss the results with your team, and then prepare a one-to two-page
6. Watch the video about Microsoft’s Enterprise Project Management (EPM) solution. The direct link is available from www.intropm.com under Student Resources. Summarize key points of the video in a short paper or presentation.
5. Watch the videos of PMI's Project of the Year Award winners from PMI's Web site. The direct link is available from www.intropm.com under Student Resources. Summarize key points from at least two of the videos. What did the project teams do to ensure success? What challenges did they face, and
4. Review information from http://projectmanagement-softwarereview.toptenreviews.com. Read at least four reviews and visit the supplier Web sites for their products. Also investigate smart phone apps for project management. Write a one-page paper or prepare a short presentation summarizing your
3. Go to www.gradschools.com and search for graduate schools that offer courses and programs related to project management.Select Business Programs as the Field of Study and Project Management as the Subject. Also visit www.mastersinprojectmanagement.com to find similar information. Review schools
2. Find an example of a real project with a real project manager. Feel free to use projects in the media (the Olympics, television shows, movies, and so on) or a project from work, if applicable. Write a one-page paper or prepare a short presentation describing the project in terms of its scope,
1. Search the Internet for the terms project management, program management, and project portfolio management. Write down the number of hits that you received for each of these phrases.Find at least three Web sites that provide interesting information on one of the topics, including Project
7. What functions can you perform with project management software? What are some popular names of low-end, midrange, and high-end project management tools?
6. What role does the Project Management Institute play in helping the profession?
10. What is the certification program called that the Project Management Institute provides?A. Microsoft Certified Project Manager (MCPM)B. Project Management Professional (PMP)C. Project Management Expert (PME)D. Project Management Mentor (PMM)
9. What is the most significant characteristic or attribute of an effective project manager?A. is a strong communicator B. is decisive C. is visionary D. leads by example
8. Several individual housing projects done in the same area by the same firm might best be managed as part of a _______________.A. portfolio B. program C. investment D. collaborative
7. Project portfolio management addresses _______________ goals of an organization, while project management addresses _______________ goals.A. strategic, tactical B. tactical, strategic C. internal, external D. external, internal
5. Which of the following is not part of the triple constraint of project management?A. meeting scope goals B. meeting time goals C. meeting communications goals D. meeting cost goals
4. Which of the following is not an attribute of a project?A. projects are unique B. projects are developed using progressive elaboration C. projects have a primary customer or sponsor D. projects involve no uncertainty
2. Which of the following is not a potential advantage of using good project management?A. Shorter development times B. Higher worker morale C. Lower cost of capital D. Higher profit margins
1. Approximately what percentage of the world’s gross domestic product is spent on projects?A. 10%B. 25%C. 50%D. 75%
Management Institute, the importance of certification and ethics, and the growth of project and portfolio management software?
Describe the project management profession, including suggested skills for project, program, and portfolio managers, the role of professional organizations like the Project
Why is celebration important for team members?
What information should be archived at the close of the project?
Why should the project manager get formal project sign-off?
What are lessons learned?
Describe the purpose of a warranty period.
What sometimes happens with team members in the performing stage of development as they approach the end of the project?
What should the project manager do after contract closeout?
Why should you close the project accounts at the end of the project?
Describe the purpose of the Closing process.
What is the definition of a successful project?
What is the most important Monitoring and Controlling technique you can use when monitoring the performance of the project?
What is fast tracking?
Name the two schedule compression techniques.
Name two options you can examine when faced with scope or schedule changes.
Scope changes always require changes to what other Planning document?
What is the purpose of a change control board?
What types of information should be included in the change management plan?
What is the purpose of a change management plan, and when in the project life cycle should it be created?
Why should change requests be submitted in writing?
Name three ways that change comes about on projects.
Corrective actions are an output of what project process?
What types of project information will stakeholders normally want updates on during the course of the project?
Suppose you’re in the midst of receiving bids for work on an upcoming project. Your favorite vendor contact, whom you’ve used many times in the past, offers you and your family tickets to box seats at the upcoming ball game. The box seats include a catered dinner. You decline, explaining to the
Which of the four types of leadership power is a result of a person’s specialized knowledge or abilities?
Why is it important to link the reward to performance and to make the reward realistic?
Describe the two types of motivators.
What are the six approaches to problem solving, and which one should project manager’s use most often?
What are some of the things you can do to prepare for conflict-resolution meetings?
At what stage of team development do team members struggle with conflicts and questions regarding their position or status on the team?
Name the five stages of team development.
Does approval of each of the Planning documents guarantee overall project plan approval? Why or why not?
Changes in project scope typically require changes to what other two project’s Planning processes?
What is a cost baseline and what is it used for?
Your project budget has been approved, but it’s been approved at a lower amount than the original request. What are some of the things you can do to deal with this situation?
What is a contingency reserve used for?
Describe the bottom-up estimating technique.
Describe the analogous estimating technique.
Describe the two types of project costs and give an example of each.
Name the three categories of project costs.
What is a project budget?
What is resource leveling, and why do you use it?
Name two things you can do to shorten a project’s duration.
Describe the two types of float time.
Describe the critical path.
What is a confidence factor?
What is the formula for determining the expected value of PERT estimates?
What is expected value?
What three estimates does the PERT calculation use to determine duration?
Name three items completed previously in the project’s Planning process that will assist you in building the project schedule.
What are contingency reserves used for?
Name the seven risk response strategies.
What is risk tolerance?
Briefly describe a probability impact matrix and the purpose it serves.
What are three other techniques, in addition to the Nominal Group technique, that you can use to identify risks?
Which risk-identification technique places all the participants together in the same room with a facilitator, has each participant record risks on sticky notes, one per round, and then posts the notes to a white board?
Name five types of participants who should assist in the risk-identification process.
Name three of the most common project risks.
Name some of the planning documents or elements of the planning documents that you can use to start identifying risk.
What is a risk?
Name two processes used in the selection or award process of the contract lifecycle.
What is the purpose of the requisition process in the contract lifecycle?
Why is it important for project managers to understand contracts?
Describe the resource plan and its purpose.
What is the purpose of a make-or-buy decision?
What is the purpose of the project team directory?
What document should you look at first to help you determine the supplies, materials, and equipment needed for the work of the project?
What tools can you use to help determine human resource needs for the project?
Name at least four things you should consider when choosing project team members.
What policies should you consult before putting together your project team?
Name two ways to display network diagrams and briefly describe each.
Describe the four types of dependency relationships, and indicate which one is used most often.

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Project Management JumpStart 3rd Edition Kim Heldman - Solutions

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