Select the best answer for the multiple choice or True/False (T/F) questions:

1) A project is a set of processes undertaken to monitor the work done in producing a product or service required by a customer.

2) Projects are restrained by technological complexity, time length and resource availability.

3) A project may not meet customer expectations, but still it may have been run successfully.

4) The science of project management has its own rules, guidelines, principles that provide guidance to project managers in order to enable a project team to organize its work and meet the project success factors.

5) The act of collaboration among people and other required resources such that a project is planned, organized, and controlled effectively to accomplish its goals and objectives best defines

A) project controlling.

B) knowledge acquisition.

C) project planning.

D) project management

6) Factors that may cause project management to fail include

A) wrong project manager.

B) lack or misuse of project management techniques.

C) inadequate rationale, objectives, tasks, and goals.

D) none of the above.

E) all of the above.

F) A, B, C.

7) A unique activity that adds value, expends resources, has beginning and end dates, and has constraints and requirements that include scope, cost, schedule performance, resources and value best defines

A) project activity.

B) super project.

C) project management.

D) project deliverable.

F) project output.

G) project

8) A project

A) has a beginning and a definite end.

B) expends resources.

C) has constraints and requirements that may include scope, budget, schedule, and resources, performance factors, and creation of value to stakeholders.

D) has a duration that may extends in many years.

E) All of the above are correct.

F) at start has an undefined scope.

G) may not deliver something that satisfies the needs of project customers.

9) A project life span is

A) a progression through a series of differing stages of project development.

B) the total of the phases through which a project passes from the time it is initially conceived until the time it is either in use as a success or abandoned as a failure.

C) often used to explain changes in project strategic decision priorities, changes in project strategic outlook, and their effect on organizational structure and perceptions of organizational effectiveness criteria.

D) limited

E) all of the above.

10) An example of a project is:

A) a bookkeeper recording debits and credits of an amount that records the buying of some inventory for the business.

B) building a house establishment for the homeless people in the city.