Chapter 1_2 – Flashcards

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A professional organization for project management specialists is the
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PMI.
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Which of the following is NOT considered to be a characteristic of a project?
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For internal use only.
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Which of the following activities is the best example of a project?
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Writing a policy manual.
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Which of the following is NOT one of the stages of a project life cycle?
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Identifying.
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Defining
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is the stage of the project life cycle, project objectives are established, teams are formed, and major responsibilities are assigned.
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Executing
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is the stage of the project life cycle, a major portion of the physical project work performed.
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Which of the following is NOT typical of a project manager?
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Overseeing existing operations.
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Which of the following is NOT one of the driving forces behind the increasing demand for project management?
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Declining need for product customization.
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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?
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Sociocultural.
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Project management is important to understand when people are a part of a project team because they
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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.
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Projects should align with the organization's overall strategy in order to
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Reduce waste of scarce resources.
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Which of these is NOT part of the "technical dimension" of project management?
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Problem solving.
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Which of the following is typically the responsibility of a project manager?
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Ensure that appropriate trade-offs are made between the time, cost, and performance requirements of the project.
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Which of the following is a good example of a program?
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Developing a new residential area that includes six custom homes.
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Which of the following represents the correct order of stages within the project life cycle?
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Defining, Planning, Executing, Closing.
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Project management is not limited to the
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Private Sector.
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The initial stage in the project life cycle is the
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Defining Stage.
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A major part of the project work, both physical and mental, takes place in the
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executing stage of the project life cycle.
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In today's high-tech industries the product life cycle is averaging
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6 months to 3 years.
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Increased competition has placed a premium on customer satisfaction and the development of
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customized products and services.
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Because projects have a defined beginning and end, the ________ is frequently used to manage the transitions of a project from start to completion.
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project life cycle.
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Because of the profitability motive, project management is nearly always limited to the private sector.
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FALSE.
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Because of its flexibility, project management is equally useful in ongoing, routine work as well as unique, one-time projects.
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FALSE.
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One of the characteristics that separate project management from other endeavors of the organization is that there are specific time, cost, and performance requirements.
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TRUE.
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The first stage in the project life cycle is the concept stage.
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FALSE.
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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.
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FALSE.
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The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms.
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TRUE.
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A project selection process that is strongly linked to strategy results in
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Better utilization of the organization's resources.
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Which of the following is NOT true about organizational politics?
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Project managers should not engage in organizational politics.
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Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?
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Sacred cow
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Why do project managers need to understand their organization's mission and strategy?
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So they can make appropriate decisions and adjustments and be effective project advocates.
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All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT
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Not enough projects within the portfolio to make a profit.
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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.
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Implementation gap.
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Which of the following is the correct order for the strategic management process?
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1) Mission, 2) strategies, 3) objectives, 4) projects.
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Which of the following questions does the organization's mission statement answer?
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What do we want to become?
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Which of the following would be classified as an organizational opportunity?
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Increasing product demand.
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Which of the following is NOT one of the requirements for successful implementation of strategies through projects?
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Quality management.
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Project selection criteria are typically classified as
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Financial and non-financial.
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One who endorses and lends political support for the completion of a specific project is known as the
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Project sponsor.
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Regardless of the criteria differences among different types of projects, the most important criterion for project selection is
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The project's fit to the organization strategy.
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Which of the following is NOT true when managing a portfolio system?
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It does not require a constant effort.
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The following are responsibilities of the governance team when managing a portfolio system EXCEPT
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Deciding how they wish to balance the available organizational resources among the different types of projects.
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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
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strategic management.
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A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals. An example of this would be a(n)
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project screening matrix.
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In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external
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threats.
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The financial model that measures the time it will take to recover the project investment is the
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payback model.
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In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current operations are
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compliance (must do) projects.
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Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.
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TRUE.
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Project managers should not engage in organizational politics.
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FALSE.
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Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.
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TRUE.
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If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration.
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TRUE.
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Objectives should be specific, marketable, assignable, realistic, and time related.
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FALSE.
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The first step in the Strategic Management Process is to set long-range goals and objectives.
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FALSE.
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The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.
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FALSE.
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One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.
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TRUE.
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