Exam 1: Introduction: Why Project Management

Where in the project life cycle are the intensity level of resources and client interest at their highest? Why is this the case?

The MBA redesign committee presents the results of their five-year project to their bemused Dean. They hope it is not just wishful thinking that they are in the:

A __________ refers to ongoing, day-to-day activities in which an organization engages while producing goods and services.

The initial goal and technical specifications of the project are developed during the planning stage.

Projects have a process orientation.

There is no such thing as a project team:

Rank the determinants of project success from most important to least important and justify your rankings.

Which of the following is accomplished through project management?

What roles do traditional process management duties of planning, organizing, and controlling play in project management, if any?

Creativity is at its zenith during the __________ stage of the project life cycle.

The degree of risk associated with the project is at its highest during the __________ stage.

A business reality that makes effective project management critical is the fact that:

The technical challenges that the project has to face are typically at their lowest during the:

Most effective project maturity models chart both a set of standards that are currently accepted as state-of-the-art as well as a process for achieving significant movement towards these benchmarks.

A project typically has:

The stages in a project's development are known as the __________.

The technical side of project management emphasizes:

Describe the project management characteristics of firms that reside at the lowest levels of the ESI, SEI, Center for Business Practice, and Kerzner maturity models and characteristics of firms that reside at the highest levels of these models.

Why is project management challenging?

Why are projects important?