FA1 Flashcards
Competing in a global market is influenced by
A. Rapid change
B. Innovation
C. Time to market
Group of answer choices
Only C is correct
Both A and C are correct
Both A and B are correct
All choices are correct
All choices are correct
A ____ is a set of activities which are networked in an order and aimed towards achieving the
goals of a project.
Group of answer choices
Portfolio
Operations
Project
Process
Project
A ______________ is a temporary endeavor undertaken to create a unique product, service, or
result.
PROJECT
A project may be managed in six separate scenarios.
Group of answer choices
True
False
False
From among the following activities, which is the best example of a project?
Group of answer choices
Completing a college degree
Producing automobiles
Processing insurance claims
Writing a term paper
Writing a term paper
An area that is outside the scope of formal project management.
OPERATIONS MANAGEMENT
Project management is becoming a standard way of doing business.
Group of answer choices
True
False
t
Which of the following statements is true?
A. Project management is becoming a standard way of doing business
B. Project management is increasingly contributing to achieving organizational strategies
C. Project management is being used at a consistent percentage of a firm’s efforts
Group of answer choices
All statements are true
Both B and C are true
Both A and B are true
Both A and C are true
Both A and B are true
Which of the following activities is not considered a project?
Group of answer choices
Developing a new software program
Designing a space station
Developing a new advertising program
Production of automobile tires
Production of automobile tires
Which from the following statement(s) is/are NOT true?
I. Projects have defined objectives
II. Programs have a larger scope than projects
III. The projects and programs in a portfolio must be directly related
Group of answer choices
II and III only
II only
I only
III only
III only
A common and effective project management technique is to assign more people to the team if a
project gets behind schedule.
Group of answer choices
True
False
False
Portfolio defined as projects, programs, subsidiary portfolios and operations manage as a group to
achieve strategic objectives.
Group of answer choices
True
False
t
A project may be managed in three separate scenarios:
As a stand alone project
Without a program
Without a portfolio
Group of answer choices
True
False
False
Effective project management helps individuals, groups, and private organization to:
Group of answer choices
Meet business objectives
Resolve problems and issues
Manage change in a better manner
Satisfy stakeholder expectations
All choices are correct
Increase chances of success
All choices are correct
A program is usually a group of
Group of answer choices
people and work
plans
related projects
unrelated projects
related projects
Example of project outcomes include:
Group of answer choices
Great Wall of China
Commercial software application
Polio vaccine
All choices are correct
All choices are correct
Code of Ethics and Professional Conduct includes both aspirational standards and mandatory
standards.
Group of answer choices
True
False
True
Which of the following is not important values in Project Management community?
Group of answer choices
Kind
Honesty
Respect
Responsibility
Kind
Some project management competencies cannot be taught in a class but must be learned
through business experience.
Group of answer choices
True
False
True
The causes of failed projects include shortcuts taken during the project, expectations
mismanagement, lack of or unreasonably precise targets, poor estimating techniques,
budget overruns, missed schedules, and lack of management and leadership.
Group of answer choices
True
False
True
A project is considered successful if, (1) the resulting information system is acceptable to the
customer; (2) the system was delivered on time; (3) the system was within budget; and (4) the
system development process had a minimal impact on ongoing business operations.
Group of answer choices
True
False
t
It is defined as a group of related projects, subsidiary programs, program activities managed in
coordinated manner to obtain benefits.
PROGRAM
Integration of all project processes and practices to improve Project Management is due to
Group of answer choices
Environmental analysis
The organization’s environment and culture
Centralization
Customer Expectations
Centralization
A series of coordinated, related, multiple projects that continue over extended time intended to
achieve a goal is known as a __________.
Group of answer choices
Program
Strategy
Crusade
Campaign
Program
The project management causes of ____________ projects include shortcuts taken during the
project, expectations mismanagement, lack of or unreasonably precise targets, poor estimating
techniques, budget overruns, missed schedules, and lack of management and leadership.
FAILED
Project management is ideally suited for a business environment requiring all of the following except
Group of answer choices
Repeatability
Speed
Flexibility
Innovation
Repeatability
___________________ effectively manage multiple programs and projects that are underway at any
given time.
PORTFOLIO
A Protocols is a document established by an authority, custom, or general consent as a model or
example.
Group of answer choices
True
False
False
Effective and efficient project management should be considered a strategic competency within
organizations.
Group of answer choices
True
False
t
The basic nature of a project is a/an _____ one.
Group of answer choices
for years
permanent
for a decade
temporary
temporary
All of the following would generally be considered to be a characteristic of a project except:
Group of answer choices
Performed by internal staff
Interrelated tasks
A definite end
An established objective
Performed by internal staff
Organizational Project Management helps to ensure that all level in the organization understand the
strategic vision, the initiatives that support the vision, the objectives and the deliverable.
Group of answer choices
True
False
t
____________________________ defined as the centralized management of one or more portfolios
to achieve strategic objectives. The programs or projects of the portfolio may not necessarily be
interdependent or directly related.
PORTFOLIO MANAGEMENT
________________________ is the application of knowledge, skills, tools, and techniques to project
activities to meet the project requirements.
PROJECT MANAGEMENT
Programs are not large project. Large project is referred to as a ___________________.
MEGAPROJECT
The importance of project management has increased due to:
Choose the best answer.
A. The movement of manufacturing operations
B. Time to market
C. The movement toward flatter and leaner organizations
Group of answer choices
Both A and B are true
Both A and C are true
All statements are true
Both B and C are true
All statements are true
Operations Management concerned with the ongoing production of goods and/or services and
managing that transform input to output.
Group of answer choices
True
False
t
Project management is the process of scoping, planning, staffing, organizing, directing, and
controlling the development of an acceptable system at a minimum cost within a specified time frame.
Group of answer choices
True
False
t
Because of the profitability motive, project management is nearly always limited to the private sector.
Group of answer choices
True
False
False
A _________ is a series of coordinated, related; multiple projects that continue over extended time intended to achieve a goal.
PROGRAM
Poorly managed projects or the absence of project management may result in:
Group of answer choices
All choices are correct
Cost overruns
Loss of reputation for the organization
Uncontrolled expansion of the project
Unsatisfied stakeholders
Poor quality
All choices are correct
Competing in a global market is influenced by
A. Rapid change
B. Innovation
C. Time to market
Group of answer choices
Both A and B are correct
All choices are correct
Only C is correct
Both A and C are correct
All choices are correct
The process of scoping, planning, staffing, organizing, and controlling the development of an acceptable system at a minimum cost within a specified time frame is:
Group of answer choices
Project Management
Expectations Management Matrix
Statement of Work
Process Management
Project Management
The Standard for Project Management is a foundational reference for project management professional development programs and the practice of project management.
Group of answer choices
True
False
t
Which of the following is not considered to be a characteristic of a project?
Group of answer choices
Complex tasks
A clear beginning and end
Only for internal use
An established objective
Only for internal use
