PROJECT MANAGEMENT TEST 3 & 4 – Flashcards

Unlock all answers in this set

Unlock answers
question
Intermediaries are often used to bridge the gap between a project manager and the culture in which they are working. The following are all functions they perform EXCEPT
answer
Help foreign project team members complete project work as the project manager specifies.
question
Sally receives the following information on her project: PV = 100, AC = 75, EV = 100. How well is the project doing in terms of budget?
answer
25 under budget
question
If a construction company in Dallas builds a bridge in Houston, the project would be classified as
answer
Domestic
question
Principled negotiation emphasizes developing win/win solutions while protecting yourself against those who would take advantage of your forthrightness. Which of the following is NOT one of the key points of principled negotiation?
answer
Be honest and forthright
question
The result of team building among the project's participants that states their common goals for the project as well as the procedures that will be used to achieve these goals is a
answer
Partnering charter
question
The second step in the project control process for measuring and evaluating project performance is to
answer
Measure progress and performance.
question
When negotiating, the tendency is to want to win! Why is this not a good approach when managing contracted relationships?
answer
All of these are reasons a competitive approach to negotiation should not be used when managing contracted relationships
question
Which of the following is NOT an advantage of establishing a long-term partnership?
answer
Risk is eventually transferred to the other party
question
When considering principled negotiation, revealing why you are trying to achieve something instead of demanding what you want or need is an example of
answer
Focus on interests, not positions.
question
In this culture, preference is given to friends when hiring, contracting, procuring and sharing business opportunities. Family is also very important and trustworthiness is often gauged by the level of loyalty and attention one devotes to their family.
answer
Mexican
question
Which of the following is the BEST way to ensure that cohesion and cooperation are not undermined and the parties involved will be satisfied when the project is complete?
answer
Fair and incentive-laden contracts
question
Needs for a project could include telecommunications, transportation, power, and availability of technically skilled talent. These are examples of which of the following environmental factors?
answer
Infrastructure
question
Successful firms are very careful in selecting the work to be outsourced. If expectations and requirements are fuzzy or open to debate, working together can become very difficult. The following are ways to clarify requirements and procedures EXCEPT
answer
Make sure communication is well structured and interactions are managed to avoid confusion.
question
When someone familiar with each task estimates what percent of the task has been completed or how much of the task remains, they are creating a method for assigning costs to the baseline called the
answer
Percent complete rule.
question
When interacting with the customer, it is important that the project manager
answer
Speak the language of the customer.
question
Ultimate success of the project is determined by
answer
Whether the customer is happy.
question
Culture is a concept that encompasses all of the following EXCEPT
answer
Economic level.
question
Why are extensive training and team building activities important when managing contracted relationships?
answer
So team members are provided with a theoretical understanding of the barriers to collaboration as well as the skills and procedures to be successful
question
A project manager learns that the project is only earning $.90 of planned work for each dollar spent by looking at the
answer
CPI.
question
The following are distinguishing characteristics of retrospectives methodology EXCEPT
answer
Reviews cannot be linked to percent complete.
question
Which of the following methods will measure the cost efficiency of the work accomplished to date?
answer
EV/AC
question
McDonald's is creating a multinational distribution system for all of its foreign and domestic subsidiaries. The project manager is from the corporate headquarters and he manages teams from each of the countries involved. The project would be classified as
answer
Global
question
The earned value system starts with the time-phased costs that provide the project baseline, which is called the
answer
Planned budgeted value of work scheduled.
question
In monitoring project time (schedule) performance, actual performance should be compared to
answer
Project network schedule derived from the WBS/OBS.
question
When you call your Internet provider to solve a technical problem and you end up talking to a technician in India or Romania, you have just experienced
answer
Outsourcing
question
The stages of culture shock include all of the following EXCEPT
answer
Repatriation.
question
Advantages of outsourcing project work may likely include all of the following EXCEPT
answer
Reduced conflict.
question
Which of the following is NOT one of the forms that stress-related culture shock takes?
answer
Hyperactivity
question
The schedule variance for a project is calculated by:
answer
EV - PV
question
Nancy tells her supervisor that as of right now, $1.05 worth of work has been accomplished for each $1 worth of scheduled work. Nancy got this information from viewing the
answer
SPI
question
Which of the following is suggested as the best target for a customer satisfaction ratio?
answer
1.05
question
A guide who leads the project team through an analysis of project activities that went well and of what needs improvement and aids in the development of a follow-up action plan with goals and accountability is a(n)
answer
Project facilitator.
question
As a response to the events of September 11, 2001, the moving of personnel, materials, and equipment across international borders created border congestion with increased costs and time. This was a result of which of the following environmental factors?
answer
Security
question
Project professionals assigned to foreign countries should have a minimal understanding of _________.
answer
All of these are examples of areas an international project manager should have minimal understanding of before traveling
question
Which of the following is the BEST way to ensure that cohesion and cooperation are not undermined and the parties involved will be satisfied when the project is complete?
answer
Fair and incentive-laden contracts
question
What does the acronym BATNA stand for?
answer
Best alternative to a negotiated agreement
question
The significance of personal relationships has created a system in which Mexicans are obligated to give preference to relatives and friends when hiring, contracting, procuring, and sharing business opportunities. This is referred to as the __________ system.
answer
Compadre
question
Which of the following is NOT a potential advantage of managing international projects?
answer
Foreign currency exchange rates
question
When you have recovered from your sense of psychological disorientation and begin to function and communicate, you are in which of the following stages of culture shock?
answer
Adaptation
question
A CPI or SPI value less than one indicates that the project is
answer
Over cost or behind schedule.
question
Which of the following is NOT true regarding scope creep?
answer
It commonly occurs late in projects
question
Test 4
answer
:)
question
If you are considering pursuing a career in project management, you should first find out what specific project job opportunities exist ___________.
answer
Within your company
question
A new holistic approach in new commercial product development efforts where the cross-functional team collaborating to develop a new product is compared to rugby, where the whole team tries to go the distance as a unit is known as
answer
Scrum
question
One aspect of project management that is unique is the _________ nature of assignments.
answer
Temporary
question
In pursuing your ambition you should continually be on the lookout for ________.
answer
A mentor
question
Managing the organization project portfolio includes the following key responsibilities EXCEPT
answer
Balance profit of projects.
question
Project ________ varies according to the extent the project scope is known and stable and the technology to be used is known and proven.
answer
Uncertainty
question
When considering traditional versus agile project management, all of the following are part of the traditional project management model EXCEPT
answer
Continuous design.
question
The following are benefits of joining the Project Management Institute EXCEPT
answer
All of these are benefits of joining the Project Management Institute.
question
When considering the agile project management process, at the end of each iteration
answer
Stakeholders and customers review progress and reevaluate priorities.
question
Which model reviews projects over a long horizon and measures the results of major activities taken to support the overall vision, mission, and goals of the organization? This model helps answer two questions: "Did we select the right projects?" and "Did the project contribute to the long-range strategic direction of the firm?"
answer
Balance scorecard.
question
The following are true regarding career paths within project management EXCEPT
answer
You can likely become a project manager as soon as you graduate from a university.
question
Which of the following would be the best way to gain visibility as a skilled project manager?
answer
Look for opportunities in the community
question
The ____________ review process can be defined as a structured process to review, evaluate, and document outcomes in each project phase and to provide management with information to guide resource deployment toward strategic goals.
answer
Phase gate
question
Which of the following is NOT true of a development team using Scrum methodology?
answer
They have the authority to change features and priorities at the end of each sprint
question
Typical activities of project oversight cover which two dimensions?
answer
Organization and project
question
While agile project management does not consist of one set method, most methods are based on similar principles. Which of the following agile project management principles would be described when employing business-driven prioritization of requirements and features to satisfy customer needs?
answer
Focus on customer value
question
Few project managers have received formal training. Typically they have mastered the job through __________, supplemented by occasional workshops on specific project topics such as project scheduling or negotiating contracts.
answer
On-the-job training
question
Scrum relies on three key roles. A person who facilitates the Scrum process and resolves impediments at the team and organizational level is called a
answer
Scrum master.
question
Which of the following is NOT one of the growth levels in the Organizational Project Management Maturity Model (OPM3TM)?
answer
Expanded (expansion of project management system).
question
People find that their project management responsibilities ________ as they move up the organization's hierarchy.
answer
Expand
question
The term that can be defined as a set of principles and processes to guide and improve the management of projects is
answer
Project oversight.
question
When possible, you should choose to manage the following projects EXCEPT
answer
That are run-of-the-mill with low risk.
question
_________ represents the amount of work the team commits to complete during the next sprint.
answer
Sprint backlog
question
Many project managers' careers began by
answer
Volunteering for task forces and small projects within their organization.
question
The major goals of phase gating are all of the following EXCEPT
answer
To provide a detailed investigation of variances.
question
Scrum uses a series of coordinated meetings to manage the development process. During which of the following are goals and the general plan for the project established?
answer
Release planning meeting
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New