Multiple Choice

5 points

Question at position 1

Why do project managers need to understand their organization's mission and strategy?

Why do project managers need to understand their organization's mission and strategy?

So they can make appropriate decisions and adjustments and be effective project advocates

So that they can make sure the customer is satisfied

It is only important for senior management to understand the organization's mission and strategy

To reduce project duration and increase the number of projects implemented

To get their job done and increase opportunities for promotion

Question at position 2

2

Multiple Choice

5 points

Question at position 2

Which of the following is NOT one of the driving forces behind the increasing demand for project management?

Which of the following is NOT one of the driving forces behind the increasing demand for project management?

Increasing need for concurrent multi-project management

More sustainable business practices

Knowledge explosion

Declining need for product customization

Compression of the product life cycle

Question at position 3

3

Multiple Choice

5 points

Question at position 3

An expected output over the life of a project would be classified as

An expected output over the life of a project would be classified as

an objective.

an end object.

a target.

a deliverable.

a product.

Question at position 4

4

Multiple Choice

5 points

Question at position 4

A Responsibility Matrix will clarify

A Responsibility Matrix will clarify

tasks.

All of these alternatives are correct.

who supports and who is responsible.

supports.

responsibilities.

Question at position 5

5

Multiple Choice

5 points

Question at position 5

High-ranking managers who endorse and lend political support for the completion of a specific project are known as project _________.

High-ranking managers who endorse and lend political support for the completion of a specific project are known as project _________.

managers

leaders

executives

sponsors

politicians

Question at position 6

6

Multiple Choice

5 points

Question at position 6

Five steps are involved when defining a project. Which of the following is the first?

Five steps are involved when defining a project. Which of the following is the first?

Determine the required completion date.

Define the project scope.

Assign team members to work on the project.

Establish project priorities.

Verify the budget available.

Question at position 7

7

Multiple Choice

5 points

Question at position 7

The lowest element in the hierarchical breakdown of the WBS is

The lowest element in the hierarchical breakdown of the WBS is

a deliverable.

a work package.

a cost account.

an object.

a lowest sub-deliverable.

Question at position 8

8

Multiple Choice

5 points

Question at position 8

All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT

people are working on multiple projects and feel inefficient.

not enough projects within the portfolio to make a profit.

inadequate resources.

frequent conflicts between managers.

confused employees regarding which projects are more important.

Question at position 9

9

Multiple Choice

5 points

Question at position 9

The management system that spans the lifetime of the project is called the ____.

The management system that spans the lifetime of the project is called the ____.

lifetime phase exit model

project lifetime model

phase gate model

lifetime cycle model

lifetime model

Question at position 10

10

Multiple Choice

5 points

Question at position 10

The financial model that measures the time it will take to recover the project investment is the __________ model.

The financial model that measures the time it will take to recover the project investment is the __________ model.

recovery

break through

payback

investment

threshold

Question at position 11

11

Multiple Choice

5 points

Question at position 11

__________ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization.

__________ the portfolio system involves monitoring and adjusting selection criteria to reflect the strategic focus of the organization.

Designing

Inventing

Managing

Creating

Devising

Question at position 12

12

Multiple Choice

5 points

Question at position 12

A project life cycle is characterized as made up of stages. The initial stage in the project life cycle is the __________ stage.

A project life cycle is characterized as made up of stages. The initial stage in the project life cycle is the __________ stage.

closing

planning

conceptual

defining

executing

Question at position 13

13

Multiple Choice

5 points

Question at position 13

Which of the choices listed below is NOT considered a project?

Which of the choices listed below is NOT considered a project?

Developing a new software program

Production of automobile tires

Preparing the site for the Olympic Games

Designing a space station

Developing a new advertising program

Question at position 14

14

Multiple Choice

5 points

Question at position 14

________ translate the organization's strategy into specific, concrete, and measurable terms.

________ translate the organization's strategy into specific, concrete, and measurable terms.

Lessons learned

Objectives

Mission statements

Goals

Vision statements

Question at position 15

15

Multiple Choice

5 points

Question at position 15

Project managers who understand the role that their project plays in accomplishing the organization's strategy will be inclined to do all of the following EXCEPT

Project managers who understand the role that their project plays in accomplishing the organization's strategy will be inclined to do all of the following EXCEPT

be able to respond appropriately to delays and/or questions about product design.

be able to focus on problems or solutions if the project is a low priority strategically.

explain to stakeholders why certain project objectives and priorities are critical.

demonstrate to senior management how their project contributes to the firm's mission.

explain to team members why certain project objectives and priorities are critical.

Question at position 16

16

Multiple Choice

5 points

Question at position 16

When a prioritization team is balancing projects, they consider all factors except for

When a prioritization team is balancing projects, they consider all factors except for

Leadership style.

Resource demand.

All these alternatives are correct.

Risk.

Type of project.

Question at position 17

17

Multiple Choice

5 points

Question at position 17

A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a

A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a

Strategy.

Crusade.

Campaign.

Program.

Venture.

Question at position 18

18

Multiple Choice

5 points

Question at position 18

The process of assessing "what we are" and deciding and implementing "what we intend to be and how we are going to get there" is ______________.

The process of assessing "what we are" and deciding and implementing "what we intend to be and how we are going to get there" is ______________.

vision and mission setting

mission assessment

reflection and inquiry

strategic management

goal and objective clarity

Question at position 19

19

Multiple Choice

5 points

Question at position 19

Significant events in a project that occur at a specific point in time are natural control points and are easily recognized by project participants are known as ___________.

Significant events in a project that occur at a specific point in time are natural control points and are easily recognized by project participants are known as ___________.

milestones

due dates

activities

tasks

kill points

Question at position 20

20

Multiple Choice

5 points

Question at position 20

In regard to project priorities, if a project parameter such as the completion date or the cost of a project is fixed and must be met, it is considered ____________.

In regard to project priorities, if a project parameter such as the completion date or the cost of a project is fixed and must be met, it is considered ____________.

static

enhanced

unchangeable

constrained

accepted