Fill in the blank:

Projects are complex and ________.

• Static
• Ongoing
• Multidisciplinary
• None of the above

What is true of project risk?

• Projects that are part of a program will be less susceptible to risk.
• Uncertainty and risk can be eliminated near the project completion if proper principles are followed.
• The larger the project, the greater the risk.
• As project knowledge increases during the project, project risk goes down.

The project life cycle is often represented by which of the following?

• U-shape and W-shape
• J-shape and S-shape
• Bell curve
• Planning phase

Which statement below is true?

• Projects continually monitor changes in the broad environment.
• Portfolio managers ensure that the right projects get done.
• Programs are part of a larger entity called a project.
• Programs ensure portfolios and projects are done correctly.

Which of the following are valid project selection methods?

• The Weighted Scoring Method
• Personal preference
• The Holy Goat
• The Unbalanced Program Method

For various reasons and both internal and external factors, organizations engage in temporary improvement initiatives that are a departure from their day-to-day business. These projects are aligned with organizational goals and are undertaken to create what?

• A tangible outcome
• An opportunity for change
• A unique product, service, or result
• Tasks that are to be performed by the project team

Which of the following best describes a deliverable?

• A tangible or intangible output or outcome that is a unique product, service, or result but does not require production
• A tangible or intangible output that is any unique product, service, or capability to perform a service that is required to be produced to complete a process, phase, or project
• An outcome towards which work is directed
• None of the above

Why are projects undertaken by organizations?

• Projects are undertaken to fulfill organizational objectives by producing deliverables.
• Projects are undertaken to create unique tangible artifacts.
• Projects are undertaken when risk and uncertainty are present.
• None of the above.

A project is terminated, or closed, when project objectives have been achieved. What is another reason to terminate a project?

• The need for the project no longer exists
• The project is terminated for legal cause or convenience
• The funding for the project has run out
• All of the above

A project can be large or small and involve many people or a single individual. What characteristics help determine whether a project is a program, project, or task?

• Complex and multidisciplinary
• Presence of conflict
• Cost and schedule
• Uncertainty