Project Management Fundamentals - Prep Questions Flashcards
A financial institution needs to release a new service until the end of the current year. The company assembled an agile team to develop the service and appointed a product owner and a scrum master.
Which of the following Will the product owner be responsible for? (Choose three.)
A. Define and prioritize requirements
B. Use deliverables
C. Confirm that the product meets requirements
D. Request the project’s deliverables
E. Ensure that the product creates value to the organization
A. Define and prioritize requirements
C. Confirm that the product meets requirements
E. Ensure that the product creates value to the organization
The PO is not necessarily the user (B) or the customer (D).
The project manager is examining the project environment to determine how it may influence the project decisions. So far, the project manager has assessed the organizational culture, stakeholder’s risk tolerances and infrastructure. These factors are examples of:
A. Organizational process assets
B. Enterprise environmental factors
C. Tools and techniques
D. Project management information system
B. Enterprise environmental factors
Enterprise environmental factors are elements that exist around the project and may influence its performance. These factors include organizational elements such as organizational culture, stakeholder’s risk tolerances and infrastructure. Environmental factors may also be external to the organization, such as market competitiveness, economic environment and political stability.
You were assigned to a complex and uncertain project adopting four phases. You are convinced that
these phases Will help to handle the project complexity. Which statement is TRUE regarding project
phases?
A. The basic types of phase-to-phase relationships are: sequential, overlapping and iterative.
B. A phase cannot start without the previous phase being properly closed and accepted bythe customer.
C. The project phases are Initiating, Planning, Executing, Monitoring and Controlling, and Closing
D. All of the above
A. The basic types of phase-to-phase relationships are: sequential, overlapping and iterative.
Valid basic types of phase-to-phase relationships are: sequential, overlapping and iterative.
Phases can overlap so one can start without the previous being
closed (answer B).
The project management process groups are not project phases (answer C).
You are responsible for managing several projects related to a large information system on a financial institution. You are also managing the system support service. Your role is best described as a ___________.
A. Program manager
B. Functional manager
C. Portfolio manager
D. Project manager
A. Program manager
The work includes both projects and operations that should be managed in a coordinated way in order to achieve a common objective.
You are working as a project manager for a automobile manufacturer. The quality team is performing regular inspections on an engine assembly line. The quality team is involved in:
A. A project
B. An operation
C. A program
D. A sub-project
B. An operation
Regular inspections on an engine assembly line have a repetitive nature and are relatively certain. Thus, the quality team is performing an operation. We have no information to assume that the quality department is involved in a project, a program or a sub-project.
Project managers should examine the enterprise environmental factors to determine how they may influence project performance. These factors may exist within the organization or outside the
organization. Which of the following is an example of an enterprise environmental factor that may influence the project management plan.
A. Project charter
B. Project management plan template
C. Historical records of project management plans from previous projects
D. Project management information system
D. Project management information system
The project management system is the only available option of an
enterprise environmental factor.
Projects are undertaken under constraints that limit project options and outcomes. These constraints impose tradeoffs and will influence how the project is managed. The concept of ________ describes three concurrent project objectives that must be simultaneously accomplished, namely scope, schedule and cost.
A. Three-point estimate
B. Baselines
C. EVM
D. Triple constraint
D. Triple constraint
Triple constraint is a term used to describe three concurrent project constraints that must be simultaneously accomplished.
Your company decided to expand its business by adding new product lines to the existing product portfolio. To assist with the expansion, senior management decided to set up a new production line, expand warehouse capacity, redefine the existing distribution system and recruit additional staff.
Which of the following BEST describes your company initiative?
A. Project
B. Operation
C. Program
D. Portfolio
C. Program
Your company will need to coordinate a group of related projects (e.g., setup a new production line, expand warehouse capacity and redefine the existing distribution system) to obtain specific outcomes (e.g., expand its business).
Answers A, B and D do not fully describe your company’s initiative.
You were assigned to a complex and uncertain project adopting four phases. You are convinced that
these phases Will help to handle the project complexity. Which statement is TRUE regarding project
phases? (Choose three.)
A. The project life cycle is the collection of phases that the project must go through from its beginning to its closing
B. A project phase includes multiple life cycles
C. Project phases often overlap
D. Different projects may adopt different project life cycles
E. The project life cycle extends from product conception until the product phase out
A. The project life cycle is the collection of phases that the project must go through from its beginning to its closing
C. Project phases often overlap
D. Different projects may adopt different project life cycles
A phase does not include a life cycle (answer B). A project life cycle is not the same as a product life cycle (answer E). The remaining statements are correct.
A small and under-skilled agile team is developing a virtual reality headset. At the midpoint of the project, the team is expressing signs of emotional, physical and mental exhaustion as a result of ongoing overwork. Who should have avoided the team burnout?
A. Sponsor
B. Scrum master
C. Team members
D. Product owner
B. Scrum master
The scrum master ensures that the team members’ needs are addressed. He or she also protects the team from external interferences and removes any impediments.
The project manager Plays a critical role in project success. The project manager’s responsibilities will typically include:
A. Delivering above expectations
B. Securing project funding
C. Tailoring the project management approach to the project’s needs
D. Defining and prioritizing requirements
C. Tailoring the project management approach to the project’s needs
The project manager should tailor the project management approach to the project context. The project manager should translate expectations into requirements and then meet those requirements (answer A). The sponsor is responsible for securing project funding (answer B). Business representatives are responsible for defining and prioritizing requirements (answer D)
Management wants to clearly distinguish projects from operations. Which of the following statements is correct?
A. Projects and operations are exposed to similar levels of risk
B. Projects use cross-functional teams to run the business
C. Projects develop unique deliverables that change the business
D. Operations are not constrained by resources
C. Projects develop unique deliverables that change the business
Projects are unique and introduce change (answer C). They are usually subject to higher levels of risk than operations (answer A). Operations are used to run the business (answer B) and are constrained by resources (answer D).
Susan is a project manager working for a government agency which can be characterized as a functional organization. Susan was recently assigned to manage her first project. Which of the following can she expect?
A. Project resources will be fully loyal to the project
B. She will have full authority over the project
C. Team members will be organized and grouped by functions
D. Quick project decision making
C. Team members will be organized and grouped by functions
A functional organization is organized around resources functional expertise (answer C).
Team members may adopt a silo mentality, being more loyal to their functional area than to the project (answer A). Project managers have a very low level of project authority in functional organizations (answer B). Fragmenting the project team and project authority slows down decisions (answer D).
Management wants to clearly distinguish projects from operations. Which of the following cannot be use to distinguish a project from an operation?
A. Develop unique deliverables
B. Are temporary
C. Should be planned and controlled
D. Are progressively elaborated
C. Should be planned and controlled
Projects, as many operations, require planning and controlling. Unlike operations, projects are temporary, unique and progressively elaborated.
You have just been hired to manage an engine design project. Your project sponsor told you that the company has successfully implemented a project management office last year. What kind of support can you expect from the organization’s project management office?
A. Assign team members to the project
B. Share lessons learned from previous projects
C. Establish how your new project will be managed
D. Define and prioritize requirements
B. Share lessons learned from previous projects
The project management office can share relevant historical information, including lessons learned from previous projects (answer B).
Team members are assigned by functional managers (answer A). The adopted project management approach should be defined by the project manager (answer C). Requirements are typically defined and prioritized by a business representative (answer D).
Your organization assembled a project team to build a drone to transport mail packages. The company vice president, who will act as the project sponsor, issued a project charter formally authorizing the project. Which of the following options are part of the project sponsor’s responsibilities? (Choose three.)
A. Provide guidance
B. Remove organizational obstacles
C. Confirm that the product meets acceptance criteria
D. Provide financial resources
E. Establish project baselines
A. Provide guidance
B. Remove organizational obstacles
D. Provide financial resources
The sponsor oversees project performance (answer A), removes organizational obstacles (answer B) and secures project funding (answer D).
The business representative should confirm that the product meets acceptance criteria (answer C). The project manager should establish project baselines (answer E).
After attending a project management class, one of your friends is worried because he does not understand the concept of planning. Which of the following statements explains it BEST?
A. Provides the formal authority required to manage the project
B. Defines, refines and formalizes objectives and establishes the actions and approach required to pursue those objectives
C. Analyzes performance variances and recommends corrective actions
D. Creates a detailed understanding of what is included and excluded from the project scope
B. Defines, refines and formalizes objectives and establishes the actions and approach required to pursue those objectives
Planning includes all the activities required to define, refine and formalize objectives, as well as establish the actions and approach required to pursue those objectives.
Your organization assembled a project team to build a drone to transport mail packages. The company vice president, who will act as the project sponsor, issued a project charter formally authorizing the project. Which of the following best describes the sponsor’s role?
A. Oversee project performance
B. Alocate resources
C. Help to prevent unfavorable changes
D. Help to produce the project management plan
A. Oversee project performance
The sponsor can help to manage critical situations, like managing unfavorable project changes.
You have just been hired to manage an engine design project. Your project sponsor told you that the company has successfully implemented a project management office last year. Which of the following can be performed by the Project Management Office? (Choose Three.)
A. Assign a project manager to a critical project
B. Define project management methodologies
C. Define the business need
D. Help to prioritize projects according to the company strategy
E. Manage team conflict
F. Identify project risks
A. Assign a project manager to a critical project
B. Define project management methodologies
D. Help to prioritize projects according to the company strategy
The business need (answer C), project team (answer E) and project risks (answer F) should be managed within the project. The remaining options may be performed by the Project Management Office.
Projects can interact with operations at different stages of the product life cycle. All of the following statements are examples of projects interacting with operations, EXCEPT:
A. Developing a new IT system
B. Transferring production to a new factory site
C. Include an additional shift to increase production output
D. Upgrading the production line
C. Include an additional shift to increase production output
Including an additional shift to increase production output does not typically require a temporary and unique initiative. The remaining answers are examples of projects interacting with operations, by developing (answer A), terminating (answer B) or enhancing products (answer D).
You are working as a project manager for an insurance company. You have just been nominated to manage your fist project. To manage it more effectively you should rely most on:
A. Project management training
B. Team knowledge
C. Organizational process assets
D. Your experience
C. Organizational process assets
With no project management experience, the organizational process assets can provide accumulated experience through historical information.
You are managing an interior design project which is struggling with motivation and productivity issues. A friend of yours recommended the implementation of a project recognition and rewards system. Who would be responsible for recognizing and rewarding the project’s team members considering that you work in a weak matrix organization?
A. Functional managers
B. Project sponsor
C. Projectmanager
D. Project team
A. Functional managers
Functional managers retain most of the authority over resources (e.g., authority to recognize and reward team members) in a week matrix organization.
Team members working in matrix organizations often experience conflicts of authority. Which of the following BEST describes the reason for these conflicts of authority?
A. Matrix organizations do not provide the project manager the authority to assign organizational resources to project activities
B. Matrix organizations’ projects are often complex and volatile
C. Team members report to multiple managers
D. Team members’ responsibilities are defined ambiguously
C. Team members report to multiple managers
In every matrix organization, including the strong matrix, the project authority is shared, flowing vertically from the functional manager and horizontally from the project manager (answer C).
The remaining answers are either incorrect (answer A) or do not explain why matrix organizations often experience conflicts of authority (answers B and D).
A team member has just informed you that he has been partially assigned to a new project and he will not be able to complete his project assignment within schedule. Assuming that you are working
in a balanced matrix organization, you should organize a meeting with __________ to deal with the issue.
A. Team member
B. Other project manager
C. Sponsor
D. Team member’s functional manager
D. Team member’s functional manager
In a balanced matrix, authority is shared between project manager and functional manager.
You need to prepare a credible project schedule for a complex and uncertain project. A friend of yours recommended the practice of progressive elaboration. Which of the following statements
regarding progressive elaboration is FALSE?
A. Project deliverables are often progressively elaborated
B. Progressive elaboration is closely related to project uncertainty
C. Progressive elaboration should be avoided once baselines have been approved
D. Rolling wave planning is a progressive elaboration technique
C. Progressive elaboration should be avoided once baselines have been approved
Progressive elaboration may occur throughout the project and does not necessarily lead to a change to project baselines. All the other statements are correct.
XYZ is a construction company that decided to adopt a projectized structure to manage their large construction programs abroad, while maintaining a matrix structure to manage the remaining business. XYZ can be classified as a organization.
A. composite
B. projectized
C. mixed
D. matrix
A. composite
Composite organizations adopt characteristics of different organization types.