Question 1

A project is a temporary endeavor undertaken to create a unique product, service, or result.

Accepted Answer

True

Question 2

A project is a lasting endeavor undertaken ot maintain a reliable product or service.

Accepted Answer

False

Question 3

Most projects are conducted with constraints on the amount of time and funding available to the project manager.

Accepted Answer

True

Question 4

Project plans and goals usually become more specific as early work is completed.

Accepted Answer

True

Question 5

Operations consist of the ongoing work needed to ensure the organization continues to function effectively.

Accepted Answer

True

Question 6

Customers may need to sacrifice expectations related to cost or schedule in order to realize their expectations for scope or quality.

Accepted Answer

True

Question 7

An important factor used to determine the phases in a project life cycle are the control needs of the organization(s) involved in the project.

Accepted Answer

True

Question 8

Generally, project life cycle stages are designed so that the amount of money spent in each of the stages is nearly equivalent.

Accepted Answer

False

Question 9

Project customers can be either internal or external to the organization.

Accepted Answer

True

Question 10

Different project life cycle models are used for different types of projects.

Accepted Answer

True

Question 11

All projects go through a common project life cycle that includes four stages: concept, development, production and close-out.

Accepted Answer

False

Question 12

The name and number of phases in a project life cycle are determined by the organization(s) involved in the project.

Accepted Answer

True

Question 13

Integration management represents the processes and activities to identify, define, combine, unify and coordinate the various processes and project management activities.

Accepted Answer

True

Question 14

Scope management includes the processes to manage timely completion of the project.

Accepted Answer

False

Question 15

Communications management generally entails the processes that organize, manage, and lead the project team.

Accepted Answer

False

Question 16

Stakeholder management is comprised of the processes to identify the people, groups, or organizations that could impact or be impacted by the project, analyze their expectations and impact, and developing strategies for engaging them and managing conflicting interests.

Accepted Answer

True

Question 17

Cost management processes are involved in planning, estimating, budgeting,m financing, funding, managing and controlling costs so that the project can be completed within the approved budget.

Accepted Answer

True

Question 18

The most critical measures of project success are completing the project on schedule and on budget.

Accepted Answer

False

Question 19

Some projects are considered successful if they reap business benefits like increased profitability, even if completed late or over budget.

Accepted Answer

True

Question 20

In reality, many projects are fully successful in some ways, but less successful in others.

Accepted Answer

True

Question 21

In agile projects, the customer representative role is passive, and their involvement is typically limited to the early stages of the project.

Accepted Answer

False

Question 22

The project manager is normally directly accountable for the project results, schedule and budget.

Accepted Answer

True

Question 23

The project management office (PMO) is typically the person or group that provides the financial resources and support for the project, and is accountable for enabling success.

Accepted Answer

False

Question 24

Which of the following examples is NOT a typical or appropriate situation to employ project management?    a.improving an existing work process  b.installing a new computer system  c.conducting a routine, standard customer service operation  d.developing a new product

Accepted Answer

c

Question 25

Which of the following examples is NOT a typical or appropriate situation to employ project management?    a.improving a soldering process in an assembly line  b.processing deposits and withdrawals in a bank  c.installing a new accounting application on to a server  d.developing a new medical device for use by clinics

Accepted Answer

B

Question 26

All of the following factors have influenced the increased reliance upon project management in recent years EXCEPT:    a.rapid growth and changes in the information technology and telecommunications industries  b.realization that methods for large projects can be modified and used for small projects  c.increased international competition and its influence on consumer demands  d.the decreased demands of ongoing operational work

Accepted Answer

D

Question 27

Projects often require tradeoffs among all of the following EXCEPT:    a.scope   b.cost  c.schedule  d.programs

Accepted Answer

D

Question 28

Once projects are completed, they will typically yield all of the following results EXCEPT:    a.a unique product, service or result  b.make or buy decisions  c.stakeholders whose interests are affected by the outcome  d.a primary deliverable along with supporting deliverables

Accepted Answer

B

Question 29

In an adaptive or change - driven project life cycle:   a.the product or deliverable is well understood.  b.planning precedes all executing.  c.early results lead into planning later work.  d.the waterfall approach is commonly used.

Accepted Answer

C

Question 30

Which of the following statements correctly describes project management?    a.Project management applies knowledge, skills, tools and techniques to project activities.  b.Project management should not involve tradeoffs between scope, schedule and cost.  c.Project management only relies upon checklists to plan and execute the work.  d.Project management\'s goal is to maintain efficiency of ongoing operations.

Accepted Answer

A

Question 31

Which of the following statements regarding project life cycles is most accurate?    a.All research and development organizations rely upon a four-stage project life cycle that includes initiating, planning, executing and closing.  b.The project life cycle is the same regardless of the type of projects managed by an organization.  c.Many different project life cycle models are used, for different types of projects.  d.All project life cycles are the same across every industry

Accepted Answer

C

Question 32

In the PMBOK, the five logical groupings of the project management inputs, tools and techniques, and outputs are called the:  a.project management knowledge areas  b.project management process groups   c.life cycle stages  d.phases and gates

Accepted Answer

B

Question 33

When applied to project management, the human resource management knowledge area typically involves which of the following activities?    a.  determining the work necessary for project completion  b.  estimating, budgeting and controlling project costs  c.  identifying, analyzing and controlling project risks  d.  organizing, managing and leading the project team

Accepted Answer

D

Question 34

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully?  a.  Project scope management  b.  Project quality management  c.  Project communications management  d.  Project stakeholder management

Accepted Answer

A

Question 35

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the activities of purchasing or acquiring products, services or results from outside the project team?    a.  Scope management  b.  Quality management  c.  Communications management  d.  Procurement management

Accepted Answer

D

Question 36

Achieving project success is determined by all of the following EXCEPT:    a.creating deliverables that include all required features  b.involving only important key stakeholders  c.completing the project on schedule and on budget  d.providing outputs that please the project\'s customers

Accepted Answer

B

Question 37

Projects are considered successful for all of the reasons below EXCEPT:..    a.  members of the team learn new skills working on the project.  b.  the organization captures lessons learned for future projects.  c.  the team has demonstrated heroics to meet project objectives  d.  the organization reaps business level benefits.

Accepted Answer

C

Question 38

Which of the following actions will likely cause a project to fail?    a.  dedicating valuable team member time to identify risk events  b.  spending project funding to procure needed tools and spare parts  c.  unclear or conflicting stakeholder expectations  d.  conducting a project audit to evaluate performance

Accepted Answer

C

Question 39

Project failure can result from all of the following causes EXCEPT:    a.support of senior management  b.changes in scope are not agreed upon by all parties involved.  c.too little time is allowed for project completion.  d.planning is not adequate.

Accepted Answer

A

Question 40

A project manager in agile projects who serves and leads in a collaborative, facilitation manner is called a:    a.program manager  b.scrum master  c.sponsor  d.functional manager

Accepted Answer

B

Question 41

Typically, a steering team or leadership team is responsible for all of the following project related roles EXCEPT:    a.selecting, prioritizing and resourcing projects  b.providing rigid policies, procedures, standards and guidelines   c.ensuring accurate progress is reported and adjustments made  d.aligning projects with the organization\'s strategic plans

Accepted Answer

B

Question 42

Which of the following roles is typically associated with the project manager?    a.the person assigned by the performing organization to lead the team that is responsible for achieving the project objectives  b.the person with management authority over a unit within a functional organization  c.the person responsible for project methods, standards and training  d.the person responsible for providing the financial resources and support for the project and is accountable for enabling success.

Accepted Answer

A

Question 43

Typically, the senior customer representative is responsible for which of the following project roles?    a.develops the project schedule and budget  b.determines how the project work will be accomplished  c.ensures the needs of the customer\'s organization are identified and prioritized  d.helps the project manager with running meetings and providing status reports

Accepted Answer

C

Question 44

From an agile project management perspective, which of these constraints are considered to be fixed?  a.Quality and value  b.Resources and schedule  c. scope and time  d.Customer satisfaction

Accepted Answer

B

Question 45

Strategic analysis is an important first step in setting strategic direction.

Accepted Answer

True

Question 46

Strategic analysis is often called SWOT - Strengths, Weaknesses, Opportunities and Threats (SWOT).

Accepted Answer

True

Question 47

Strategic analysis is often called SWOT - Start With Objectives Template (SWOT).

Accepted Answer

False

Question 48

The internal part of strategic analysis considers opportunities and threats posed by competitors, suppliers and regulatory agencies among others.

Accepted Answer

False

Question 49

The organization\'s leadership should establish guiding principles such as the vision and mission for an organization before developing strategic objectives.

Accepted Answer

True

Question 50

The organization\'s leadership should establish the strategic objectives to set the stage for the strategic analysis.

Accepted Answer

False

Question 51

The vision should present a positive, inspiring and vivid description of the organization as it currently exists.

Accepted Answer

False

Question 52

Strategic objectives should focus decisions regarding which projects to select and how to prioritize them.

Accepted Answer

True

Question 53

Strategic objectives describe both long and short term results that are desired, along with measures to determine their achievement.

Accepted Answer

True

Question 54

Projects tend to be the primary method for implementing many objectives

Accepted Answer

True

Question 55

A portfolio is a collection of projects, programs, subportfolios, and operations managed as a group to achieve strategic business objectives.

Accepted Answer

True

Question 56

A project portfolio is a useful storage medium that enables the project manager to consolidate all project information in a single, convenient location.

Accepted Answer

False

Question 57

Portfolio management aligns with organizational strategies by selecting the right projects, prioritizing work, and providing needed resources.

Accepted Answer

True

Question 58

If an organization does not have the right capabilities, a project may be too difficult to complete successfully.

Accepted Answer

True

Question 59

The degree of formality used in selecting projects varies widely across organizations.

Accepted Answer

True

Question 60

While there is a wide variety of projects across organizations, the degree of formality used in selecting them is largely uniform.

Accepted Answer

False

Question 61

The prioritization of projects in a portfolio should consider whether the demands of performing each project are clearly understood

Accepted Answer

True

Question 62

Payback period models do not consider the amount of profit that may be realized after the costs are paid.

Accepted Answer

True

Question 63

None of the financial project selection models ensure alignment of the project with an organization\'s strategic goals.

Accepted Answer

True

Question 64

Scoring models are most useful when there are multiple projects and several criteria to consider.

Accepted Answer

True

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