1. Manage project knowledge is the process of using existing knowledge and creating new knowledge to achieve the project's _________ and contribute to organizational ____________.
   1. deliverables, policies
   2. scope, structure
   3. objectives, learning
   4. closing, value
2. Which of these is NOT characteristic of a project?
   1. Projects are responsible for the newest and most improved products, services, and organizational processes.
   2. Projects are ad hoc endeavors with a clear life cycle.
   3. Projects provide a philosophy and strategy for the management of change.
   4. Traditional process management functions of planning, organizing, and controlling do not apply to project management.
3. When developing the project management plan, expert judgment is used to do the following, except:
   1. Implement unapproved changes early in the project.
   2. Develop technical and management details to be included in the project management plan.
   3. Tailor the process to meet the project needs
   4. Define the level of configuration management to apply to the project.
4. A strategic perspective on project management might ask which of the following questions prior to undertaking a project?
   1. What is our corporate culture?
   2. Does this project support the company vision?
   3. Do we have the necessary budget for this project?
   4. Can we define the problem?
5. The management department at the university decides to add a new program in restaurant, hotel, and institutional management. As part of the development process they hold focus groups consisting of area business leaders, current and former students, and restaurant and hotel owners. These groups can be described as:
   1. Project workers.
   2. Stakeholders.
   3. Clients.
   4. Project leaders.