Chapter 1 Flashcards
1
Q
An example of an intangible asset is a utility a fixture a tool goodwill
A
goodwill
2
Q
Effective project managers have the following characteristic: knowledge performance personal commitment all of the above
A
all of the above
3
Q
Organizations manage their \_\_\_\_\_\_ to maximize value, based on specific goals. projects portfolio programs schedules
A
portfolio
4
Q
\_\_\_\_\_\_ involve a group of related projects coordinated and managed to obtain greater control. Operations Portfolios Programs Schedules
A
Programs
5
Q
Project management includes the processes of initiating, planning, identifying and executing. scoping and controlling. executing and process. monitoring and controlling
A
monitoring and controlling
6
Q
Strategic considerations that are typically required before a project is authorized include market demand for the project. creation of a unique product or service organizational need. all of the above
A
all of the above
7
Q
Competing constraints include Schedule Budget Resources All of the above
A
All of the above
8
Q
During the planning phase, auditors review processes and procedures and help control how they are implemented. Project \_\_\_\_\_\_ can have unforeseen effects on timely completion. results risks ethics approach
A
risks
9
Q
What is the primary objective of an operation? To sustain the business. To reach and terminate at its end goal. To construct a facility. To develop a product.
A
To sustain the business.
10
Q
A characteristic of an operation that is NOT a characteristic of a project is who performs the task. resource constraints. it is planned and controlled. it is ongoing and repetitive
A
it is ongoing and repetitive
11
Q
\_\_\_\_\_\_\_ are organized activities that help achieve the organization's strategic plan Plans Projects Programs Operations
A
Projects
12
Q
All of the following are examples of a project EXCEPT
r&d.
a public works contract.
operation of an automated accounting system.
a 2020 hybrid car model.
A
operation of an automated accounting system
13
Q
Project Quality Management ensures
contracts are effectively resourced and administered.
effective project monitoring and control.
efficient preliminary planning and development of strategic operations
the project satisfies its objectives.
A
the project satisfies its objectives.
14
Q
What area of project management is concerned with organizing and managing the project team? Project Integration management Project Communications management Project Resource management. Project Scope management.
A
Project Resource management.
15
Q
What area of project management is concerned with timely completion of the project? Project Schedule management. Project Cost management. Project Scope management. Project Integration management.
A
Project Schedule management.
