question

Though temporary in nature, projects can help achieve the organizational goals when they are aligned with the organization's

answer

Strategy

question

A project has distinctive attributes that distinguish it from ongoing work or business operations.

answer

True

question

The important factors to consider within the project environment include cultural, social, international, political, and physical.

answer

True

question

In project management, application areas are made up of categories of projects that have common elements. They can be defined by industry group (pharmaceutical, financial, etc.), department (accounting, marketing, legal, etc.), technology (software development, engineering, etc), or management specialties (procurement, research and development, etc.). These application areas are usually concerned with _______, _______, and the specific needs of the ________, the customer, or the industry.

answer

disciplines, regulations, project

question

Project stakeholders include only the project team as well as those interested entities that are internal to the organization.

answer

False

question

A primary function of a PMO is to support project managers by:

answer

Managing shared resources across projects administered by the PMO

question

The Project Management Institute Code of Ethics and Professional Responsibility applies to only the PMI members.

answer

False

question

A program is defined as a group of _________, ________ and _________ managed in a coordinated way to obtain benefits not available from managing them individually.

answer

projects, subprograms, program activities

question

Projects are initiated, planned, and executed so that organizations can achieve ____________ _____________ .

answer

strategic objectives

question

A matrix organization may be referred to as one of the following, with the exception of . . .

answer

. Projectized

question

Project-based organizations refer to various organizational forms that create temporary systems for carrying out their work

answer

True

question

Controlling PMOs provide support and require compliance in managing projects. Such compliance may include adopting frameworks or methodologies, use of specific templates, forms and tools, and providing a high degree of PMO control.

answer

False

question

On any project, you will have a number of project constraints that are competing for your attention. They are cost, scope, quality, risk, resources, and time; however, the term "triple constraint" refers to project cost, scope, and risk.

answer

False

question

_______ is a combination of the standards and criteria to which the project's products must be delivered for them to perform effectively.

answer

Quality

question

At project closure, or completion, the emphasis is on releasing the _______ ________to the customer, handing over project documentation to the business, terminating supplier contracts, releasing project resources, and communicating the closure of the project to all stakeholders

answer

final deliverables

question

The ___________ ______________ describes the necessary information from a business standpoint to determine whether or not the project is worth the required investment.

answer

. business case

question

The project management process groups are not project life cycle phases?

answer

True

question

In which of the project management process groups would you develop a project charter?

answer

Initiation

question

The size of the project charter varies depending on just the length of the project and information known at the time of its creation.

answer

False

question

Work performance reports include the physical and electronic representation of work performance information compiled in project documents, intended to generate _______ or raise issues, actions, or awareness.

answer

decisions

question

Close Project or Phase is the process of finalizing all activities across all of the Project Management Process Groups to formally complete the project or phase.

answer

True

question

The Executing Process Group consists of those processes performed to complete the work defined in the project management plan to satisfy the project ______.

answer

specifications

question

During the first stage of the project lifecycle, also referred to as the initiation phase, the project objective or need is identified in terms of a business problem or opportunity.

answer

True

question

Match the project management process groups with the corresponding project management process.

answer

Monitoring and Controlling Process Group Correct E. Validate Scope Planning Process Group Correct F. Define Activities Executing Process Group Correct B. Perform Quality Assurance Initiating Process Group Correct D. Develop Project Charter

question

The application of project management processes happens once during the project without repeating .

answer

False

question

Two economic tools for evaluating and comparing projects are simple payback and internal rate of return.

answer

True

question

A change log is used to document changes that occur during a project. These changes and their impact to the project time, cost, and risk, are communicated to all stakeholders.

answer

False

question

The key inputs to the Identify Stakeholder process include the project charter and stakeholder analysis.

answer

False

question

A weighted decision matrix allows decision makers to structure and solve their problem by specifying and prioritizing their needs with a list of criteria and then initiating the project without further consideration.

answer

False

question

The purpose of a project charter will include the following with the exception of:

answer

Lessons learned and evaluation of the project team members

question

A project _________ sometimes called an executive sponsor, is an influential person who is willing to use his or her influence to help the project succeed.

answer

champion

question

The project charter is the document issued by the ________ or ________ that formally authorizes the existence of a project and provides the ________ with the authority to apply organizational resources to project activities.

answer

project initiator, sponsor, project manager

question

According to PMI, in the PMBOK, there are five project management process groups. These are considered the same as project life cycle phases.

answer

False

question

To help managers choose between projects, they can use an unsophisticated measurement called _______ ________.

answer

simple payback

question

Variance thresholds for monitoring cost performance may be specified to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. These variance thresholds are known as ________ ________.

answer

control thresholds

question

Determine Budget is the process of aggregating the estimated costs of individual activities or work packages to establish the basis of estimates.

answer

False

question

Plan Quality Management is the process of identifying _________ _________ and/or standards for the project and its deliverables.

answer

quality requirements

question

Reserve analysis is a technique used to determine the ______ and _______ reserves for the project.

answer

contingency, management

question

The inputs to the Plan Quality Management process include the project management plan, specifically the project scope baseline, schedule baseline, cost baseline and other management plans.

answer

True

question

Analogous cost estimating is frequently used to estimate a value when there is a limited amount of detailed information about the project.

answer

True

question

The project scope statement includes the description of the project scope, major deliverables, and the project sponsor and project manager authority level.

answer

False

question

Cost estimates may include contingency reserves to account for cost uncertainty. Contingency reserves will not be included in the cost baseline because this budget is allocated for identified risks, which are accepted and for which contingent or mitigating responses are developed.

answer

False

question

Activity-on-node is one method of representing a precedence diagram; however, this method has been replaced by the activity-on-arrow method, which is used in most project management software.

answer

False

question

The key output to the Plan Cost Management process is the project cost baseline.

answer

False

question

Plan Procurement Management identifies those project needs that can best be met or should be met by acquiring products, services, or results within the organization and accomplished by the project team.

answer

False

question

Plan Risk Management is the process of defining how to conduct risk management activities for a project.

answer

True

question

As part of the risk register, potential responses to a risk may sometimes be identified during the identify risks process. These potential responses could then be used in the Plan Risk Response process.

answer

True

question

Many projects are performed by teams that interact primarily through electronic communication and are, therefore, called virtual teams. To avoid miscommunication that can harm trust and to include team members in a project culture, the project team needs a plan for communicating reliably and in a timely manner. Understanding the nature of both synchronous and asynchronous communication is key to effective project communications.

answer

True

question

Inputs to the plan communications management process include all the following except:

answer

Communications requirements analysis

question

When considering whether or not an organization should perform the work on a project, rather than outsource the work, the decision is primarily influenced by:

answer

cost and schedule

question

It's important that the information needs of the stakeholders be determined as early in the executing phase of the project management life cycle as possible so that as you and your team develop project planning documents, you already know who should receive copies of them and how they should be delivered.

answer

False

question

The primary output of the identify risk process is the perform qualitative risk analysis process.

answer

False

question

As a common risk identification technique, ___________ __________ explores the validity of assumptions as they apply to the project. It identifies risks to the project from inaccuracy, instability, inconsistency, or incompleteness of assumptions.

answer

assumptions analysis

question

When identifying risk in a project, information about the ___________ is useful for soliciting inputs to this process. This will ensure that key stakeholders, especially the sponsor and customer, are interviewed or otherwise participate during the identify risk process.

answer

stakeholders

question

A Quality audit is a structured, independent process to determine if project activities comply with organizational and project policies, processes, and procedures. The objectives of a quality audit may include the following, except:

answer

Gathering lessons learned from other organizations' projects.

question

Control Communications is the process of monitoring and controlling communications throughout the planning stage of the project life cycle to ensure the information needs of the project stakeholders are met.

answer

False

question

Control Schedule is the process of monitoring the status of project activities to update project progress and manage changes to the ________ _________.

answer

schedule baseline

question

Control Stakeholder Engagement is the process of monitoring overall project stakeholder relationships and adjusting strategies and plans for engaging stakeholders.

answer

True

question

Control scope is the process of monitoring the status of the project and product scope and managing changes to the scope baseline.

answer

True

question

Direct and Manage Project Work also requires review of the impact and implementation of ALL project change requests.

answer

False

question

Earned Value Management (EVM) is a well-known technique to control the time and cost performance of a project and to predict the final project _________ and ________.

answer

duration, cost

question

Implementing contingency plans or workarounds sometimes results in a change request. Change requests are prepared and submitted to the Perform Integrated Change Control process. Change requests can include recommended ____________ and _____________ actions as well.

answer

corrective, preventive

question

One of the key outputs to the Acquire Project Team process is the assignment of the project staff. This process is complete when the appropriate people have been assigned to the team.

answer

True

question

The key inputs to the Control Costs process include the cost baseline, cost management plan, and schedule baseline.

answer

False

question

One of the purposes of the contract closure process is to provide formal notice to the buyer, usually in written form, that the deliverables are acceptable and satisfactory or have been rejected.

answer

False

question

The key activities in project completion are gathering project records; disseminating information to formalize acceptance of the product, service, or project; and performing project closure.

answer

True

question

Project closure activities can be applied to the closing of a project phase?

answer

True

question

Early termination of a contract is a special case of procurement closure that can result from a mutual agreement by both parties, from the default of one party, or for convenience of the buyer if provided for in the contract

answer

True

question

At project closure, or completion, the emphasis is on releasing the _______ ________to the customer, handing over project documentation to the business, terminating supplier contracts, releasing project resources, and communicating the closure of the project to all stakeholders.

answer

final deliverables

question

The key activities in project completion include the following with the exception of . . .

answer

identifying project quality requirements.

question

A procurement _________ is a structured review of the procurement process originating from the Plan Procurement Management process through Control Procurements.

answer

audit

question

When an organization requires the use of outside vendors/contractors, there may be a requirement for legal document storage and retrieval policies that apply to project documents.

answer

True

question

At the close of a project, you should release your project team members so they can go back to their functional managers or get assigned to a new project. However, this should not be done until . . . (select the most appropriate response)

answer

a review is conducted to capture the lessons that can be learned from this project, often called a lessons-learned meeting.

question

Project based organizations refer to various organizational forms that create temporary systems

answer

True

question

Controlling PMOs provide support and require compliance in managing projects. Such compliance may include adopting frame works on methodologies, use of specific templates, forms and tools, and providing a high degree of PMO control.

answer

False

question

On any project you will have a number of project constraints that are competing for your attention. They are cost, scope, quality, risk, resources, and time; however the term triple constraint refers to project cost, scope, and risk

answer

False

question

____ is a combination of the standards and criteria to which the project's products must be delivered for them to perform effectively.

answer

Quality

Project Management Answers – Flashcards

Unlock all answers in this set

Haven't found what you were looking for?

Search for samples, answers to your questions and flashcards