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Project Management > Quiz: End of All Lessons > Flashcards

Quiz: End of All Lessons Flashcards

1
Q

Projects have a(n) {blank} start and end date.

  1. Definite
  2. Flexible
  3. Indefinite
A

Definite

All projects have a definite start and end date.

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2
Q

Identify which of the following are business scenarios. (Choose all that apply.)

  1. The price of oil is at a five-year high.
  2. The price of oil is at a five-year high and expected to continue to rise.
  3. New battery technology has been developed.
  4. New technology can provide smaller batteries that can be recharged by movement of the mobile device, extending battery life.
  5. Oil prices are at a five-year high. Battery technology is improving.
A
  • The price of oil is at a five-year high and expected to continue to rise.
  • New technology can provide smaller batteries that can be recharged by movement of the mobile device, extending battery life.

The price of oil is at a five-year high and expected to continue to rise. (Feedback: Both of these statements contain information about past, present, and future outcomes.) New technology can provide smaller batteries that can be recharged by movement of the mobile device, extending battery life. (Feedback: Both of these statements contain information about past, present, and future outcomes.)

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3
Q

Projects selected by an organization must be directly related to the organization’s {blank}.

  1. Strategy
  2. Operating Procedures
  3. Level of Maturity
A

Strategy

Projects must relate to the organization’s strategy.

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4
Q

What are the objectives of project management?

  1. Meeting scope, budget, and schedule
  2. Making sure the guilty are blamed for a problem
  3. Maximizing bonuses for successful project completion
  4. Completing the project regardless if it aligns with company strategy
A

Meeting scope, budget, and schedule

These are the triple constraints of project management.

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5
Q

True or False.

Project managers must not only manage people of all levels, but they must also manage costs, expectations, procurement, outside suppliers, and partners.

True

False

A

True

A PM is all things to all people, and managing time and money and function are the key aspects of the expectations.

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6
Q

It is important that project status meetings are:

  1. regular and timely
  2. weekly
  3. monthly
  4. at stakeholders’ request
A

regular and timely

The frequency of project status meetings is based on stakeholders’ interests and communication needs, but they must be regular and timely.

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7
Q

Which communication type is the best option when working in a widely dispersed virtual team?

  1. Point-to-point instant messaging
  2. Phone calls
  3. Shared threaded discussion
  4. Email
A

Shared threaded discussion

Shared threaded discussions allow the contents to be available for all the team members to access and contribute to, regardless of time zone.

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8
Q

Which organization includes standards for Organizational Project Management Maturity (OPM3)?

  1. PMI
  2. APM
  3. IPMA
  4. AXELOS Ltd.
A

PMI

The Project Management Institute publishes both foundational and practice standards, including standards and frameworks for OPM3.

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9
Q

Which organizational structure is used by government entities?

  1. Projectized
  2. Functional
  3. Matrix
A

Functional

A functional organization is straightforward, has clear lines of authority, and is well-defined. This makes it perfectly suited to government entities.

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10
Q

Which applies to the PMO? (Choose all that apply.)

  1. Tracks “lessons learned” to be carried to new projects.
  2. Forms a department to assign people of no value who cannot be dismissed from the organization.
  3. Helps provide resources to projects as needed.
  4. Creates a repository for all project knowledge in the organization.
A

Tracks “lessons learned” to be carried to new projects.

Helps provide resources to projects as needed.

Creates a repository for all project knowledge in the organization.

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11
Q

PMOs can help align project investment to:

  1. Historical records
  2. Monitoring and control
  3. Corporate strategy
  4. Project policies
A

Corporate strategy

PMOs can help an organization to align project investment to corporate strategy.

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12
Q

In addition to the triple constraints, what other considerations may determine if the project is successful?

  1. The project is a project of high interest to the CEO.
  2. There are no government regulations that affect the product of the project.
  3. The requirements in the scope adequately define the project’s objectives.
A

The requirements in the scope adequately define the project’s objectives.

The scope requirements should adequately define project objectives.

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13
Q

Which statement about projects, programs, and portfolios is correct?

  1. A group of programs or projects that support the same business goal makes up a portfolio.
  2. Any two projects make up a program.
  3. Calling an endeavor a program justifies assigning more resources.
  4. Only programs can be a part of a portfolio.
A

A group of programs or projects that support the same business goal makes up a portfolio.

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14
Q

You work at an automotive manufacturer. This company has the goal of being able to supply a full family of passenger cars from small compact to large luxury.

There is a huge endeavor being undertaken to design and develop an entirely new small passenger car. There are several groups of people working on different aspects of this endeavor: one group on the engine, one on the transmission, one on navigation system, and so on. Each group has its scheduled start and end dates and a definition of the unique product it will create.

Each of these groups is working on a {blank}.

  1. program
  2. portfolio
  3. project
  4. long-term business strategy
A

project

Each group is involved in an activity that meets the definition of a project.

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15
Q

You are talking to a friend, Ted, who has renovation project management experience. You cannot decide whether you want to take on the daunting task of being your own project manager. Ted tells you that if you decide to manage the project, your first assignment will be to create the project {blank}.

  1. Scheduling template
  2. Workflow diagram
  3. Platform
  4. Plan
A

Plan

The plan needs to begin immediately so that resources can be selected for executing on the plan.

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16
Q

You ask Ted what types of skills he thinks are critical in a project manager role. Ted thinks for a minute, then responds, “I can think of three things right off the top of my head.”

What do you think are critical? (Choose all that apply.)

  1. Conflict resolver
  2. Most popular person
  3. Organization
  4. Ability to communicate verbally and in writing
  5. Great technician
A

Conflict resolver
Organization
Ability to communicate verbally and in writing

16
Q

What has the evolution of cloud computing done for project management?

  1. Created a universal database for housing document templates and examples
  2. Provided levels of security for the housing of documents and reports
  3. Provided a way to collaborate virtually
  4. Developed a structure for project manager certification tracking
A

Provided a way to collaborate virtually

The cloud has opened up new ways of collaborating in all kinds of environments and teams.

17
Q

An organization’s project management maturity level is determined by what?

  1. Adherence to standards or guidelines set by recognized professional organizations
  2. The percentage of projects completed successfully
  3. Whether project managers have degrees
  4. The number of certified project managers on staff
A

Adherence to standards or guidelines set by recognized professional organizations

There are accepted standards and guidelines that specify certain practices that must be adhered to in order to reach levels of project management maturity.

18
Q

In which type of organizational structure does the project manager and the functional manager “share” authority?

  1. Functional
  2. Projectized
  3. Matrix
A

Matrix

In this organization the project manager and the functional manager “share” authority.

19
Q

What are advantages of having a project management office? (Choose all that apply.)

  1. Keeps a central database of “lessons learned”
  2. Makes sure all projects implement best practices
  3. Makes sure proprietary information remains within the company
  4. Provides a place to assign people between projects
A

Keeps a central database of “lessons learned”

Makes sure all projects implement best practices

20
Q

The base types of organizational structure are functional, projectized, and:

  1. Informal
  2. Formal
  3. Matrix
  4. Ad hoc
A

Matrix

This is the third type of organizational structure.

21
Q

What is an example of information that might be found in a project proposal?

Risks to the project

Project charter

Low-level estimate of the costs

A

Risks to the project

A complete project proposal includes any risks that might derail the project.

22
Q

What concludes the project defining phase?

Brainstorming approaches for getting key stakeholders on board

Creation of a work breakdown structure

Creation and selection of the project charter

A

Creation and selection of the project charter

Project selection and the drafting of a project charter conclude the defining phase of a project.

23
Q

Major project outcomes and deliverables, how the project will be completed, and a high-level estimate of the cost and completion time are included in the:

project charter

project proposal

project concept document
correct

A

project proposal

Major project outcomes and deliverables, how the project will be completed, and a high-level estimate of the cost and completion time are included in the project proposal.

24
Q

True or False.

During the executing phase, the project team may need to return to the planning phase in order to make an adjustment to the budget, schedule, or scope.

True

False

A

True

It is during the executing phase that changes to triple constraints are often identified and must be addressed.
Submit

25
Q

The project deliverables and outcomes are created during the which phase of the project life cycle?

Closing

Executing

Defining

Planning

A

Executing

The project team completes the activities to create the project deliverables and outcomes during the executing phase of the project life cycle.

Project Management (3 decks)

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