Project Management Fundamentals Flashcards

(30 cards)

1
Q

Which of the following groups do shareholders and subcontractors belong to in a project?

A

stakeholders

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2
Q

You are the manager for Disaster Recovery, which has been hired to help rebuild a city just destroyed by a tornado. What will you likely be managing?

A

a series of projects

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3
Q

_____ are the uncertainties or threats to a given project.

A

Risks

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4
Q

A company applies its human and financial resources to plan and execute a specific task. What is this called?

A

project management

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5
Q

Working on projects that you don’t have any experience or skill in is an example of _____.

A

unethical behavior

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6
Q

As a project manager, what can Bob use to increase efficiency?

A

Adopt best practices

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7
Q

A _____ describes a task with defined beginning and end times.

A

project

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8
Q

Which group within a company clarifies and maintains project management standards?

A

Project management office

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9
Q

Which of the following is NOT an example of project management?

A

the ongoing process of hiring new employees

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10
Q

Which of the following is NOT one of the five stages of project management?

A

evaluation

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11
Q

In which stage are Gantt charts first used?

A

Planning

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12
Q

How often does a company engage in a particular project?

A

Once

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13
Q

An ethical issue in project management could be _____.

A

taking money from a client for something that shouldn’t be done

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14
Q

Which of the following is NOT an ethical issue in project management?

A

Checking company rules and procedures

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15
Q

Key stakeholders can be _____.

A

Primary or secondary

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16
Q

The three types of stakeholders are _____.

A

Primary, secondary and key

17
Q

What is project management?

A

The use of resources to get a project from start to finish.

18
Q

What is the first step in utilizing the best practices for project management?

19
Q

In project portfolio management, name the step that comes next AFTER deciding whether to select, reject, or place a project on-hold.

A

Communicate the decision to the appropriate people in the organization.

20
Q

A project portfolio management process must include which of the following?

A

A description of the process, criteria, a method to consider resources, and a method to manage the portfolio

21
Q

A great tool to manage a schedule or budget when planning a project is:

22
Q

Who is assigned to oversee the completion of a project?

A

The project manager

23
Q

Because tasks are often being completed at the same time, a project manager needs to _____.

A

Be able to multi-task

24
Q

Which skill entails knowing how to find resolutions?

A

Problem solving

25
A group that delegates, organizes, and oversees projects within a company is know as:
A PMO
26
Which type of PMO offers training and tools for project managers?
Center of excellence
27
Project management:
All of the answers are correct
28
Which one is NOT true about project management?
It causes confusion.
29
What organizational culture may NOT be conducive to business portfolio management?
strong functional lines of authority
30
What emerging project team structure might benefit from portfolio management
Virtual Project Teams