Project Management Fundamentals

Question 1

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

Answer 1

stakeholders

Question 2

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?

Answer 2

a series of projects

Question 3

_____ are the uncertainties or threats to a given project.

Answer 3

Risks

Question 4

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

Answer 4

project management

Question 5

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

Answer 5

unethical behavior

Question 6

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

Answer 6

Adopt best practices

Question 7

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

Answer 7

project

Question 8

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

Answer 8

Project management office

Question 9

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

Answer 9

the ongoing process of hiring new employees

Question 10

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

Answer 10

evaluation

Question 11

In which stage are Gantt charts first used?

Answer 11

Planning

Question 12

How often does a company engage in a particular project?

Answer 12

Once

Question 13

An ethical issue in project management could be _____.

Answer 13

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

Question 14

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

Answer 14

Checking company rules and procedures

Question 15

Key stakeholders can be _____.

Answer 15

Primary or secondary

Question 16

The three types of stakeholders are _____.

Answer 16

Primary, secondary and key

Question 17

What is project management?

Answer 17

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

Question 18

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

Answer 18

Planning

Question 19

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

Answer 19

Communicate the decision to the appropriate people in the organization.

Question 20

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

Answer 20

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

Question 21

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

Answer 21

Gantt charts

Question 22

Who is assigned to oversee the completion of a project?

Answer 22

The project manager

Question 23

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

Answer 23

Be able to multi-task

Question 24

Which skill entails knowing how to find resolutions?

Answer 24

Problem solving

Question 25

A group that delegates, organizes, and oversees projects within a company is know as:

Answer 25

A PMO

Question 26

Which type of PMO offers training and tools for project managers?

Answer 26

Center of excellence

Question 27

Project management:

Answer 27

All of the answers are correct

Question 28

Which one is NOT true about project management?

Answer 28

It causes confusion.

Question 29

What organizational culture may NOT be conducive to business portfolio management?

Answer 29

strong functional lines of authority

Question 30

What emerging project team structure might benefit from portfolio management

Answer 30

Virtual Project Teams