Project Management Final (BCONLINE)

Flashcard maker : Lily Taylor
It is important for project managers to focus on indirect costs because they can be easily controlled.
False
A project’s stakeholders includes its customers, users, and suppliers.
True
An activity is an element of work that has an expected duration, cost, and resource requirements.
False, Task
Project scope management includes the processes involved in defining and controlling what is or is not included in a project.
True
Project schedules grow out of basic documents such as the project charter.
True
The only responsibility of a project manager is to meet the specific scope, time, and cost goals of a project.
False
In project time management, the primary output of defining activities is a schedule management plan.
False
It is important for the activity list and activity attributes to be in agreement with the work breakdown structure.
True
In project time management, the next step after sequencing activities is to define these activities.
False
Projects should be developed in increments
True
Questions about how a team will track schedule performance is related to a project’s scope.
False
Deliverables are only product-related, such as a piece of hardware or software.
False
A project manager’s primary role is to provide the funding for a project.
False
To define activities, the project team should start with reviewing the schedule management plan, scope baseline, enterprise environmental factors, and organizational processes.
True
Extrinsic motivation causes people to participate in an activity for their own enjoyment.
False
The primary output of the planning cost management process is a change request.
False
A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.
False
Risks can have both negative and positive effects on meeting project objectives.
True
Intangible costs can be easily measured in monetary terms.
False
One of the main reasons why project management is challenging is because of the factor of uncertainty.
True
Milestones are easy to achieve and are always achieved through one main activity
False
After defining project activities, the next step in project time management is developing the schedule
False
Project managers must conduct cash flow analysis to determine net present value.
True
Maslow suggests that each level of the hierarchy of needs is not necessarily a prerequisite for the levels above.
False
Overrun is the additional percentage amount by which estimates exceed actual costs.
False
When deciding what projects to invest in or continue, one should include sunk costs.
False
IT project managers must be able to present and discuss project information both in financial and technical terms.
True
The project’s size, complexity, importance, and other factors will not affect how much effort is spent on collecting requirements for scope planning.
False
Assignment, budget, promotion, money, and penalty influence bases are automatically available to project managers as part of their position.
False
If an important supplier goes out of business, management reserves can be set aside to cover the resulting costs.
True
Managing the triple constraint primarily involves making trade-offs between resources and quality.
False
Scope refers to all the work involved in creating the products of the project and the processes used to create them
True
A schedule management plan includes information which describes the format and frequency of schedule reports required for the project.
True
Contingency plans are predefined actions that the project team will take if an identified risk event occurs.
True
In order to be realistic, a project manager should always set discrete goals instead of a range of objectives.
False
Unknown risks can be managed proactively.
False
Opponents of a project do not belong to the category of stakeholders.
False
Resources in a project should be used effectively because they are limited.
True
Every project should have a well-defined objective.
True
The scope management plan can be informal and broad or formal and detailed, based on the needs of the project.
True

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