PM cards 2nd 20

Question 1

What is a strong matrix organization?

Answer 1

Emphasizes project work over functional duties. The project manager has the majority of power in this type of organization.

Question 2

In this type of matrix organization, the project manager has the majority of power.

Answer 2

Strong Matrix.

Question 3

What is a weak matrix organization?

Answer 3

Emphasizes functional work over project work and operates more like a functional hierarchy. The functional mangers have the majority of power in this type of organization.

Question 4

In this type of matrix organization, the functional manager has the majority of power and the project manager has the least amount of power.

Answer 4

Weak Matrix

Question 5

What is a balanced matrix organization?

Answer 5

Shares equal emphasis between projects and functional work. Both the project manager and the functional manager share power in this type of structure.

Question 6

What is the least common form of an organization?

Answer 6

Projectized or Project-Based Organization

Question 7

What type of organization is solely focused on projects?

Answer 7

Projectized

Question 8

Project managers have the most power in which type of organization?

Answer 8

Projectized

Question 9

What are the two components involved in validating a project?

Answer 9

Preparing the business case and identifying and analyzing the project stakeholders.

Question 10

What is the first step involved in validating a project?

Answer 10

Preparing & validating the business case

Question 11

What does the business case typically document?

Answer 11

The reasons the project came into existence.

Question 12

What are the seven needs, requirements or reasons projects come into existence?

Answer 12

Market demand, strategic opportunity or business need, customer request, technological advance, legal requirement, ecological impact or social need

Question 13

What is one of the things a project manager can do at the onset of a project?

Answer 13

Determine the business reason for the project.

Question 14

Where is the business reason for a project discussed?

Answer 14

In the business case.

Question 15

What is the business case?

Answer 15

A written document or report that helps executive management and key stakeholders determine the benefits and rewards of the project. It documents the business need or justification for the project and will often include high-level details regarding estimated budgets and timelines for completing the project.

Question 16

What is a feasibility study?

Answer 16

A formal endeavor that is undertaken to determine whether there is a compelling reason to perform the proposed project.

Question 17

What components are necessary when validating a project?

Answer 17

Validating the business case, doing a feasibility study, justification, alignment to the strategic plan, and identifying and analyzing project stakeholders.

Question 18

______________________ are used to determine which proposed projects should receive approval and move forward.

Answer 18

Project selection methods.

Question 19

What is a decision model?

Answer 19

A formal method of project selection that helps managers make decisions regarding the use of limited budgets and human resources.

Question 20

What are the two primary categories of decision models?

Answer 20

Benefit measurement methods & Constrained optimization methods