Question 1

The business success dimension of project success determines whether the project achieved significant commercial success.

Accepted Answer

A) True 
 B)False

Question 2

What are project management maturity models used for?

Accepted Answer

Project management maturity models are u

Question 3

Projects, rather than repetitive tasks, are now the basis for most value-added in business.

Accepted Answer

A) True 
 B)False

Question 4

Geoffco's project manager names three individuals and requests a project budget of $3,000,000 for the new 8-Pod, a backpack-sized personal music player for 8-track tapes capable of holding up to 100 songs from the '60s and '70s. This important step takes place during __________ of the project life cycle.

Accepted Answer

A)  planning 
B)  conceptualization 
C)  execution 
D)  termination 
A)  planning 
B)  conceptualization 
C)  execution 
D)  termination

Question 5

The commitment of financial, human, and technical resources is highest during the:

Accepted Answer

A)  conceptualization phase. 
B)  planning phase. 
C)  execution phase. 
D)  termination phase. 
A)  conceptualization phase. 
B)  planning phase. 
C)  execution phase. 
D)  termination phase.

Question 6

The amount of corporate investment is typically at its lowest in the:

Accepted Answer

A)  conceptualization phase. 
B)  planning phase. 
C)  execution phase. 
D)  termination phase. 
A)  conceptualization phase. 
B)  planning phase. 
C)  execution phase. 
D)  termination phase.

Question 7

The Atkinson model for assessing project success gathers input from all of the project's stakeholders.

Accepted Answer

A) True 
 B)False

Question 8

Projects differ from classic organizational processes because projects are:

Accepted Answer

A)  discrete activities. 
B)  part of line organization. 
C)  well established systems in place to integrate efforts. 
D)  multi-objective. 
A)  discrete activities. 
B)  part of line organization. 
C)  well established systems in place to integrate efforts. 
D)  multi-objective.

Question 9

In the Atkinson model of project success, a project's impact to the surrounding community would be classified as:

Accepted Answer

A)  an element of the iron triangle. 
B)  a stakeholder benefit. 
C)  an organizational benefit. 
D)  a strategic goal. 
A)  an element of the iron triangle. 
B)  a stakeholder benefit. 
C)  an organizational benefit. 
D)  a strategic goal.

Question 10

A spider web diagram is useful for:

Accepted Answer

A)  showing company performance on a number of criteria simultaneously. 
B)  collecting data on how a competitor manages projects. 
C)  identifying industry standards for project management maturity. 
D)  coaching, evaluating, and auditing projects. 
A)  showing company performance on a number of criteria simultaneously. 
B)  collecting data on how a competitor manages projects. 
C)  identifying industry standards for project management maturity. 
D)  coaching, evaluating, and auditing projects.

Question 11

The goals of a project are sometimes called __________.

Accepted Answer

The answer of The goals of a project are sometimes...

Question 12

Which of these is NOT characteristic of a project?

Accepted Answer

A)  Projects are responsible for the newest and most improved products, services, and organizational processes. 
B)  Projects are ad hoc endeavors with a clear life cycle. 
C)  Projects provide a philosophy and strategy for the management of change. 
D)  Traditional process management functions of planning, organizing, and controlling do not apply to project management. 
A)  Projects are responsible for the newest and most improved products, services, and organizational processes. 
B)  Projects are ad hoc endeavors with a clear life cycle. 
C)  Projects provide a philosophy and strategy for the management of change. 
D)  Traditional process management functions of planning, organizing, and controlling do not apply to project management.

Question 13

The most basic level in Kerzner's project management maturity model is:

Accepted Answer

A)  common language. 
B)  common processes. 
C)  initial process. 
D)  ad hoc. 
A)  common language. 
B)  common processes. 
C)  initial process. 
D)  ad hoc.

Question 14

Describe the spider-web methodology for displaying project management maturity and present any five components of project management practice that can be displayed using this technique.

Accepted Answer

A spider-web diagram (or radar chart) de

Question 15

A project exists outside of the standard line organization.

Accepted Answer

A) True 
 B)False

Question 16

The project maturity model developed by the Center for Business Practices would have __________ rings if a spider web diagram were used.

Accepted Answer

A)  three 
B)  four 
C)  five 
D)  six 
A)  three 
B)  four 
C)  five 
D)  six

Question 17

Low inflation is a trigger for improved project management skills because:

Accepted Answer

A)  rampant cost increases must be passed along to the consumer. 
B)  internal process improvement is accomplished via project management. 
C)  lower inflation means narrower product launch windows. 
D)  global markets are a prerequisite for low inflation. 
A)  rampant cost increases must be passed along to the consumer. 
B)  internal process improvement is accomplished via project management. 
C)  lower inflation means narrower product launch windows. 
D)  global markets are a prerequisite for low inflation.

Question 18

The Center for Business Practices maturity model stage that describes project management as an ad hoc process is __________.

Accepted Answer

Level 1 or

Question 19

A product is introduced into a market, gains the acceptance of a fickle public, and finally is supplanted by a new and improved offering. This phenomenon is known as the:

Accepted Answer

A)  product life cycle. 
B)  rule of 80. 
C)  Mendoza line. 
D)  beta. 
A)  product life cycle. 
B)  rule of 80. 
C)  Mendoza line. 
D)  beta.

Question 20

The classic triple constraint standard for project performance is composed of time, cost, and client acceptance.

Accepted Answer

A) True 
 B)False

The business success dimension of project success determines whether the project achieved significant commercial success.

What are project management maturity models used for?

Projects, rather than repetitive tasks, are now the basis for most value-added in business.

The commitment of financial, human, and technical resources is highest during the:

The amount of corporate investment is typically at its lowest in the:

The Atkinson model for assessing project success gathers input from all of the project's stakeholders.

Projects differ from classic organizational processes because projects are:

In the Atkinson model of project success, a project's impact to the surrounding community would be classified as:

A spider web diagram is useful for:

The goals of a project are sometimes called __________.

Which of these is NOT characteristic of a project?

The most basic level in Kerzner's project management maturity model is:

Describe the spider-web methodology for displaying project management maturity and present any five components of project management practice that can be displayed using this technique.

A project exists outside of the standard line organization.

The project maturity model developed by the Center for Business Practices would have __________ rings if a spider web diagram were used.

Low inflation is a trigger for improved project management skills because:

The Center for Business Practices maturity model stage that describes project management as an ad hoc process is __________.

A product is introduced into a market, gains the acceptance of a fickle public, and finally is supplanted by a new and improved offering. This phenomenon is known as the:

The classic triple constraint standard for project performance is composed of time, cost, and client acceptance.

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Critical Chain Project Scheduling

Resource Management

Project Evaluation and Control

Project Closeout and Termination

Filters

Exam 1: Introduction: Why Project Management

The business success dimension of project success determines whether the project achieved significant commercial success.

What are project management maturity models used for?

Projects, rather than repetitive tasks, are now the basis for most value-added in business.

The commitment of financial, human, and technical resources is highest during the:

The amount of corporate investment is typically at its lowest in the:

The Atkinson model for assessing project success gathers input from all of the project's stakeholders.

Projects differ from classic organizational processes because projects are:

In the Atkinson model of project success, a project's impact to the surrounding community would be classified as:

A spider web diagram is useful for:

The goals of a project are sometimes called __________.

Which of these is NOT characteristic of a project?

The most basic level in Kerzner's project management maturity model is:

Describe the spider-web methodology for displaying project management maturity and present any five components of project management practice that can be displayed using this technique.

A project exists outside of the standard line organization.

The project maturity model developed by the Center for Business Practices would have __________ rings if a spider web diagram were used.

Low inflation is a trigger for improved project management skills because:

The Center for Business Practices maturity model stage that describes project management as an ad hoc process is __________.

A product is introduced into a market, gains the acceptance of a fickle public, and finally is supplanted by a new and improved offering. This phenomenon is known as the:

The classic triple constraint standard for project performance is composed of time, cost, and client acceptance.

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Critical Chain Project Scheduling

Resource Management

Project Evaluation and Control

Project Closeout and Termination

Filters