Project Mgmt Ch.2 Questions Flashcards Preview

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Flashcards in Project Mgmt Ch.2 Questions Deck (25)
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1

The project life cycle is comprised of which of the following?

A. Phases
B. Milestones
C. Estimates
D. Activities

A. Phases

The project life cycle is comprised of phases.

2

Marcy, the project manager for the ERP Project, is about to complete the Project Phase Review. The completion of a project phase is also known as which of the following?

A. A lesson learned
B. Kill points
C. Earned value management
D. Conditional advancement

B. Kill point

The completion of a project phase may also be known as a kill point.

3

Which of the following is not a key stakeholder in a project that creates a service internal to an organization?

A. The project manager
B. External customers
C. Project vendors
D. Project team members

B. External customers

External customers are not key stakeholders in this instance as they are not actively involved in an internal project.

4

Of the following management skills, which will a project manger use most?

A. Leading
B. Communication
C. Influencing the organization
D. Negotiations

B. Communication

Communication is the key general management skill a project manager will use the most.

5

Managing a project is best described as which one of the following?

A. Establishing direction
B. Functional controls over the project team and stakeholders
C. Consistently producing key results expected by stakeholders
D. Motivating and inspiring the project team to produce results that are stakeholders

C. Consistently producing key results expected by stakeholders

Managing has to do with consistently producing key results that are expected by stakeholders

6

When will stakeholders have the most influence over a project's product?

A. At the end of the project
B. During scope verification
C. At the start of a project
D. At the start of each phase

C. At the start of a project

Stakeholders have the most influence over a project's deliverable at the start of the project.

7

Which of the following is an example of negotiation?

A. Arbitration
B. Formal communications
C. Conferring
D. Scope creep

A. Arbitration

Arbitration is a form of negotiation. Technically, it is a form of assisted negotiation.

8

You are the project manager for your organization. Influencing your organization requires which of the following?

A. An understanding of the organizational budget
B. Research and documentation of proven business cases
C. An understanding of formal and informal organizational structures
D. Positional power

C. An understanding of formal and informal organizational structures

To influence an organization (in order to get things done), a project manager must understand the explicit and implied organizational structures within an organization.

9

Your global project is sabotaged by rumors and gossip about the project deliverable. This is an example of:

A. Cultural achievability
B. Cultural influences with the project team
C. Project team mutiny
D. Ineffective planning

A. Cultural achievability

Rumors and gossip can sabotage a project. This is an example of cultural achievability.

10

What is the difference between a standard an a regulation?

A. Standards are mandatory; regulations are not.
B. Standards are optional; regulations are not.
C. Regulations are usually mandatory; standards may be seen as guidelines.
D. Regulations are usually mandatory; standards may be seen as guidelines.

D. Regulations are usually mandatory; standards may be seen as guidelines.

Regulations are mandatory requirements.

11

All of the following are examples of stakeholders that have a positive influence on a project except for which one?

A. Business leaders in a community affected by a commercial development project
B. Team members that will receive a bonus if the project is successful
C. Employees that prefer the older version of the software that a project is replacing
D. Functional managers that want your project to complete so their employees can move onto other projects

C. Employees that prefer the older version of the software that a project is replacing

The employees that do not want the deliverable of a project are negative stakeholders.

12

Which of the following is an example of a deliverable at the end of the requirements gathering phase in a software design project?

A. Responsibility matrix creation
B. Detail design document
C. Business needs
D. Project team assembled

B. Detail design document

The detail design document is an output of the design phase.

13

You are the project manager for the ERP Project. Your organization uses a PMO. The primary purpose of a project office is to:

A. Support the project managers
B. Support the project sponsor
C. Support the project team
D. Identify the stakeholders

A. Support the project managers

The PMO supports the project manager.

14

Which of the following best describes a project deliverable?

A. The resources used by the project to complete the necessary work
B. The resources exported from the project as a result of the project work
C. The end result of a project planning session
D. The tangible good or service created by the project team

D. The tangible good or service created by the project team

Recall that projects are temporary endeavors to create a unique product or service.

15

At what point in a project would a kill point be acceptable?

A. When a project team member is not performing as planned
B. When a project reaches the end of a project phase
C. When a project reaches the end of its budget
D. When a project manger determines the project team cannot continue

B. When a project reaches the end of a project phase

Kill points typically executed at the end of a project phase. A kill point does not mean the project is killed, just that the potential for termination exists.

16

Of the following, which is not an exit criterion?

A. Customer sign-offs
B. Quality metrics
C. Stakeholder analysis
D. Regulatory inspections

C. Stakeholder analysis

Exit criterion are activities or evidence that allow a project to move forward.

17

The compilation of all the phases within a project equates to ________.

A. The project life cycle
B. The product life cycle
C. Project completion
D. Project processes

A. The project life cycle

The project life cycle is comprised of all the project phases within a project.

18

Management has asked Nancy to determine if a project concept is valid and can be completed using a reasonable amount of time and finances. Management is asking for which of the following?

A. Kill points
B. Cost and time estimates
C. A project case study
D. A feasibility study

D. A feasibility study

Management is looking for a feasibility study to determine if it is practicable for a project to exist.

19

Henry, the project manager of the MHB Project, has allowed a subsequent project phase to begin before the predecessor phase is complete. This is an example of which of the following?

A. Crashing
B. Fast tracking
C. Risk management
D. Tandem scheduling

B. Fast tracking

Fast tracking is the process of allowing successor phases (or activities) to begin before the predecessor phases (or activities) are complete.

20

Which of the following describes the early stages of a project?

A. High costs and high demand for resources
B. A high demand for change
C. A high demand for project team time
D. Low costs and low demand for resources

D. Low costs and low demand for resources

Projects typically have low costs and low demand for resources early in their life cycle.

21

At which point is the risk of failure the least, but the consequence of failure the highest?

A. During the early stages
B. During the middle stages
C. During the final stages
D. Risk of failure is even across all project phases

C. During the final stages

As the project moves closer to completion, the likelihood of risk diminishes.

22

Tracey is the project manager of the KHG Project. Her organization is a classic functional environment. Her level of authority as a project manager can be best described as which of the following?

A. Low
B. Moderate
C. Balanced
D. High

A. Low

Tracey will most likely have a low amount of authority in a functional organization structure.

23

Project team members are most likely to work full-time on a project in which of the following organizational structures?

A. Functional
B. Weak matrix
C. Strong matrix
D. Projectized

D. Projectized

Projectized structures often have project team members assigned to the project on a full-time basis.

24

A project with much risk and reward is most likely to be accepted in which of the following?

A. An entrepreneurial company
B. A heavily regulated company
C. A non-profit organization
D. A community

A. An entrepreneurial company

Projects with much risk and rewards are most likely to be accepted within an entrepreneurial organization.

25

Where can a project manager expect to receive templates?

A. Commercial databases
B. The project office
C. The project sponsor
D. PMIS

B. The project office

The project office is the best choice since its role is to support the project manager.