question

A professional organization for project management specialists is the

answer

PMI.

question

Which of the following is NOT considered to be a characteristic of a project?

answer

For internal use only.

question

Which of the following activities is the best example of a project?

answer

Writing a policy manual.

question

Which of the following is NOT one of the stages of a project life cycle?

answer

Identifying.

question

Defining

answer

is the stage of the project life cycle, project objectives are established, teams are formed, and major responsibilities are assigned.

question

Executing

answer

is the stage of the project life cycle, a major portion of the physical project work performed.

question

Which of the following is NOT typical of a project manager?

answer

Overseeing existing operations.

question

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

answer

Declining need for product customization.

question

Which dimension of project management centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project?

answer

Sociocultural.

question

Project management is important to understand when people are a part of a project team because they

answer

All the above. Are expected to use project management tools and concepts such as working as a team to create a budget or schedule and be able to monitor project progress. They also need to be able to understand project priorities and parameters.

question

Projects should align with the organization's overall strategy in order to

answer

Reduce waste of scarce resources.

question

Which of these is NOT part of the "technical dimension" of project management?

answer

Problem solving.

question

Which of the following is typically the responsibility of a project manager?

answer

Ensure that appropriate trade-offs are made between the time, cost, and performance requirements of the project.

question

Which of the following is a good example of a program?

answer

Developing a new residential area that includes six custom homes.

question

Which of the following represents the correct order of stages within the project life cycle?

answer

Defining, Planning, Executing, Closing.

question

Project management is not limited to the

answer

Private Sector.

question

The initial stage in the project life cycle is the

answer

Defining Stage.

question

A major part of the project work, both physical and mental, takes place in the

answer

executing stage of the project life cycle.

question

In today's high-tech industries the product life cycle is averaging

answer

6 months to 3 years.

question

Increased competition has placed a premium on customer satisfaction and the development of

answer

customized products and services.

question

Because projects have a defined beginning and end, the ________ is frequently used to manage the transitions of a project from start to completion.

answer

project life cycle.

question

Because of the profitability motive, project management is nearly always limited to the private sector.

answer

FALSE.

question

Because of its flexibility, project management is equally useful in ongoing, routine work as well as unique, one-time projects.

answer

FALSE.

question

One of the characteristics that separate project management from other endeavors of the organization is that there are specific time, cost, and performance requirements.

answer

TRUE.

question

The first stage in the project life cycle is the concept stage.

answer

FALSE.

question

Strategic plans should be written by one group of managers, projects should be selected by another group, and projects should be implemented by another group.

answer

FALSE.

question

The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms.

answer

TRUE.

question

A project selection process that is strongly linked to strategy results in

answer

Better utilization of the organization's resources.

question

Which of the following is NOT true about organizational politics?

answer

Project managers should not engage in organizational politics.

question

Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?

answer

Sacred cow

question

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

answer

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

question

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

answer

Not enough projects within the portfolio to make a profit.

question

Which of the following problems refers to lack of understanding and consensus of organization strategy among top and middle-level managers? This also can result when top management formulates strategy and leaves implementation to functional managers.

answer

Implementation gap.

question

Which of the following is the correct order for the strategic management process?

answer

1) Mission, 2) strategies, 3) objectives, 4) projects.

question

Which of the following questions does the organization's mission statement answer?

answer

What do we want to become?

question

Which of the following would be classified as an organizational opportunity?

answer

Increasing product demand.

question

Which of the following is NOT one of the requirements for successful implementation of strategies through projects?

answer

Quality management.

question

Project selection criteria are typically classified as

answer

Financial and non-financial.

question

One who endorses and lends political support for the completion of a specific project is known as the

answer

Project sponsor.

question

Regardless of the criteria differences among different types of projects, the most important criterion for project selection is

answer

The project's fit to the organization strategy.

question

Which of the following is NOT true when managing a portfolio system?

answer

It does not require a constant effort.

question

The following are responsibilities of the governance team when managing a portfolio system EXCEPT

answer

Deciding how they wish to balance the available organizational resources among the different types of projects.

question

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

answer

strategic management.

question

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals. An example of this would be a(n)

answer

project screening matrix.

question

In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external

answer

threats.

question

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

answer

payback model.

question

In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current operations are

answer

compliance (must do) projects.

question

Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

answer

TRUE.

question

Project managers should not engage in organizational politics.

answer

FALSE.

question

Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.

answer

TRUE.

question

If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration.

answer

TRUE.

question

Objectives should be specific, marketable, assignable, realistic, and time related.

answer

FALSE.

question

The first step in the Strategic Management Process is to set long-range goals and objectives.

answer

FALSE.

question

The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.

answer

FALSE.

question

One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.

answer

TRUE.

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