Question 1

Briefly explain what a project is.

Accepted Answer

A project is a temporary endeavor undert

Question 2

A project manager does not need to understand why a project is selected for funding because he did not initiate the process.

Accepted Answer

A) True 
 B)False

Question 3

The group of 17 developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. The following is one of those twelve principles: Avoiding changing requirements so that the project can be completed on time and within budget.

Accepted Answer

A) True 
 B)False

Question 4

As a rule of thumb, the number of factors included in a scoring model should be at least 10.

Accepted Answer

A) True 
 B)False

Question 5

Projects are always carried out under conditions of uncertainty.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is an example of win-win negotiation?

Accepted Answer

A)  Buying a car from a second-hand car dealership at the asking price 
B)  Forcibly using resources allocated to another department 
C)  Keeping resources that could be used by another team busy in unnecessary tasks 
D)  Agreeing to share resources for the benefit of all involved in different projects 
E)  Carrying on an argument over a petty issue that can be easily resolved 
A)  Buying a car from a second-hand car dealership at the asking price 
B)  Forcibly using resources allocated to another department 
C)  Keeping resources that could be used by another team busy in unnecessary tasks 
D)  Agreeing to share resources for the benefit of all involved in different projects 
E)  Carrying on an argument over a petty issue that can be easily resolved

Question 7

In addition to the Agile Manifesto, the group of 17 also developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. Which of the following is not one of those 12 principles?

Accepted Answer

A)  Continuous attention to technical excellence and good design enhances agility. 
B)  Simplicity--the art of maximizing the amount of work not done--is essential. 
C)  The best architectures, requirements, and designs emerge from self-organizing teams. 
D)  At regular intervals, the team reflects on how to become more effective. 
E)  Complex problems require complex solutions. 
A)  Continuous attention to technical excellence and good design enhances agility. 
B)  Simplicity--the art of maximizing the amount of work not done--is essential. 
C)  The best architectures, requirements, and designs emerge from self-organizing teams. 
D)  At regular intervals, the team reflects on how to become more effective. 
E)  Complex problems require complex solutions.

Question 8

For a project, the lower the NPV, the better.

Accepted Answer

A) True 
 B)False

Question 9

A similarity between project management and general management is the tendency to "manage by exception."

Accepted Answer

A) True 
 B)False

Question 10

Many recent developments in project management are being driven by changes in the nature of the American workforce.

Accepted Answer

A) True 
 B)False

Question 11

Scrum is the most popular Agile approach.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not a trend in project management?

Accepted Answer

A)  Achieving strategic goals 
B)  Improving project effectiveness 
C)  Quasi projects 
D)  Reductive projects 
E)  Achieving routine goals 
A)  Achieving strategic goals 
B)  Improving project effectiveness 
C)  Quasi projects 
D)  Reductive projects 
E)  Achieving routine goals

Question 13

While there are a number of different Agile approaches, they are all based on the Agile Manifesto and the 12 Principles and they all share the following general characteristics except for which one?

Accepted Answer

A)  Time-to-completion is the most important aspect of managing the project. 
B)  The project is divided into iterations most commonly called sprints. 
C)  Based on its roots in lean management, there is an emphasis on simplicity. 
D)  Project teams are self-managing. 
E)  Progress on the project is measured in terms of working product functionality. 
A)  Time-to-completion is the most important aspect of managing the project. 
B)  The project is divided into iterations most commonly called sprints. 
C)  Based on its roots in lean management, there is an emphasis on simplicity. 
D)  Project teams are self-managing. 
E)  Progress on the project is measured in terms of working product functionality.

Question 14

The discounted cash flow methods of calculation are fairly complex.

Accepted Answer

A) True 
 B)False

Question 15

The group of 17 developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. The following is one of those twelve principles: On-time delivery is the primary measure of progress.

Accepted Answer

A) True 
 B)False

Question 16

The performance of a project is assessed based on three criteria known as the "triple constraints." Which of the following is not one of those constraints?

Accepted Answer

A)  Time 
B)  Budget 
C)  Efficiency 
D)  Scope 
A)  Time 
B)  Budget 
C)  Efficiency 
D)  Scope

Question 17

The main distinction between platform and breakthrough projects is that the former usually depend on existing technology.

Accepted Answer

A) True 
 B)False

Question 18

If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:

Accepted Answer

A)  One fifth of a year 
B)  4 years 
C)  5 years 
D)  10 years 
E)  Insufficient information to determine the payback period 
A)  One fifth of a year 
B)  4 years 
C)  5 years 
D)  10 years 
E)  Insufficient information to determine the payback period

Question 19

Which of the following is not related to the three goals of a project?

Accepted Answer

A)  Time 
B)  Data 
C)  Schedule 
D)  Cost 
E)  Performance 
A)  Time 
B)  Data 
C)  Schedule 
D)  Cost 
E)  Performance

Question 20

Nonnumeric project selection methods are only suitable if numeric methods are not available.

Accepted Answer

A) True 
 B)False

Briefly explain what a project is.

A project manager does not need to understand why a project is selected for funding because he did not initiate the process.

The group of 17 developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. The following is one of those twelve principles: Avoiding changing requirements so that the project can be completed on time and within budget.

As a rule of thumb, the number of factors included in a scoring model should be at least 10.

Projects are always carried out under conditions of uncertainty.

Which of the following is an example of win-win negotiation?

In addition to the Agile Manifesto, the group of 17 also developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. Which of the following is not one of those 12 principles?

For a project, the lower the NPV, the better.

A similarity between project management and general management is the tendency to "manage by exception."

Many recent developments in project management are being driven by changes in the nature of the American workforce.

Scrum is the most popular Agile approach.

Which of the following is not a trend in project management?

While there are a number of different Agile approaches, they are all based on the Agile Manifesto and the 12 Principles and they all share the following general characteristics except for which one?

The discounted cash flow methods of calculation are fairly complex.

The group of 17 developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. The following is one of those twelve principles: On-time delivery is the primary measure of progress.

The performance of a project is assessed based on three criteria known as the "triple constraints." Which of the following is not one of those constraints?

The main distinction between platform and breakthrough projects is that the former usually depend on existing technology.

If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:

Which of the following is not related to the three goals of a project?

Nonnumeric project selection methods are only suitable if numeric methods are not available.

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Allocating Resources to the Project

Monitoring and Controlling the Project

Evaluating and Terminating the Project

Filters

Exam 1: The World of Project Management

Briefly explain what a project is.

A project manager does not need to understand why a project is selected for funding because he did not initiate the process.

The group of 17 developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. The following is one of those twelve principles: Avoiding changing requirements so that the project can be completed on time and within budget.

As a rule of thumb, the number of factors included in a scoring model should be at least 10.

Projects are always carried out under conditions of uncertainty.

Which of the following is an example of win-win negotiation?

In addition to the Agile Manifesto, the group of 17 also developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. Which of the following is not one of those 12 principles?

For a project, the lower the NPV, the better.

A similarity between project management and general management is the tendency to "manage by exception."

Many recent developments in project management are being driven by changes in the nature of the American workforce.

Scrum is the most popular Agile approach.

Which of the following is not a trend in project management?

While there are a number of different Agile approaches, they are all based on the Agile Manifesto and the 12 Principles and they all share the following general characteristics except for which one?

The discounted cash flow methods of calculation are fairly complex.

The group of 17 developed a list of 12 Agile Principles that support the values articulated in the Agile Manifesto. The following is one of those twelve principles: On-time delivery is the primary measure of progress.

The performance of a project is assessed based on three criteria known as the "triple constraints." Which of the following is not one of those constraints?

The main distinction between platform and breakthrough projects is that the former usually depend on existing technology.

If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:

Which of the following is not related to the three goals of a project?

Nonnumeric project selection methods are only suitable if numeric methods are not available.

The Manager, the Organization, and the Team

Planning the Project

Budgeting the Project

Scheduling the Project

Allocating Resources to the Project

Monitoring and Controlling the Project

Evaluating and Terminating the Project

Filters