Question 1

Having responsibility for the outcome of a project without the authority of rank or position is common in project management.

Accepted Answer

A) True 
 B)False

Question 2

There are three different life cycles along which projects progress from start to completion.

Accepted Answer

A) True 
 B)False

Question 3

In the early years of a project when outflows usually exceed inflows, the NPV of the project for those years will be positive.

Accepted Answer

A) True 
 B)False

Question 4

Briefly explain the project portfolio process.

Accepted Answer

The Project Portfolio Process (PPP) atte

Question 5

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

Accepted Answer

A) True 
 B)False

Question 6

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)  Our highest priority is to satisfy the customer through early and continuous delivery of valuable software. 
B)  The budget is our highest priority. 
C)  Welcome changing requirements, even late in development. 
D)  Deliver working software frequently. 
E)  Business people and developers must work together daily throughout the project. 
A)  Our highest priority is to satisfy the customer through early and continuous delivery of valuable software. 
B)  The budget is our highest priority. 
C)  Welcome changing requirements, even late in development. 
D)  Deliver working software frequently. 
E)  Business people and developers must work together daily throughout the project.

Question 7

A primary purpose of forming projects is to assign the responsibility for accomplishing some organizational task to a specific person or small group.

Accepted Answer

A) True 
 B)False

Question 8

Projects are complex and include interfaces, interdependencies, and many assumptions, any or all of which may turn out to be wrong.

Accepted Answer

A) True 
 B)False

Question 9

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

Accepted Answer

A) True 
 B)False

Question 10

Searching for the third alternative is most closely associated with

Accepted Answer

A)  win-win negotiation 
B)  project planning 
C)  project budgeting 
D)  the three goals of a project 
E)  the weighted scoring model 
A)  win-win negotiation 
B)  project planning 
C)  project budgeting 
D)  the three goals of a project 
E)  the weighted scoring model

Question 11

Explain what the third alternative is in negotiation.

Accepted Answer

Successful win-win negotiation often inv

Question 12

Rank ordering a large number of projects can be done with a Q-sort.

Accepted Answer

A) True 
 B)False

Question 13

Rebus Inc., a game development company, had gained critical success with its video game Authority Online a year ago. The game's publisher wanted Rebus to undertake a project to revitalize the game's sales by updating the graphics and releasing it for a new platform. This type of project is an example of a(n) _____.

Accepted Answer

A)  derivative project 
B)  R&D project 
C)  platform project 
D)  breakthrough project 
E)  sacred cow project 
A)  derivative project 
B)  R&D project 
C)  platform project 
D)  breakthrough project 
E)  sacred cow project

Question 14

Briefly describe each of the three fundamental goals of a project.

Accepted Answer

The performance of a project, commonly c

Question 15

Project budgeting differs from standard budgeting in regards to accounting techniques.

Accepted Answer

A) True 
 B)False

Question 16

Negotiating the purchase of a new car would typically be characterized as win-win negotiation.

Accepted Answer

A) True 
 B)False

Question 17

A disadvantage of using the payback period method for selecting projects is that it cannot reflect the time-value of money.

Accepted Answer

A) True 
 B)False

Question 18

When you negotiate the purchase of a new car, you are usually engaged in what type of negotiation?

Accepted Answer

A)  Win-win negotiation 
B)  Win-lose negotiation 
C)  Lose-lose negotiation 
D)  Minimize-loss negotiation 
A)  Win-win negotiation 
B)  Win-lose negotiation 
C)  Lose-lose negotiation 
D)  Minimize-loss negotiation

Question 19

Programs are subdivisions of projects.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is a numeric project selection method?

Accepted Answer

A)  Comparative benefits 
B)  Payback period 
C)  Q-sort method 
D)  Operating/competitive necessity 
E)  Sacred cow 
A)  Comparative benefits 
B)  Payback period 
C)  Q-sort method 
D)  Operating/competitive necessity 
E)  Sacred cow

Having responsibility for the outcome of a project without the authority of rank or position is common in project management.

There are three different life cycles along which projects progress from start to completion.

In the early years of a project when outflows usually exceed inflows, the NPV of the project for those years will be positive.

Briefly explain the project portfolio process.

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

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?

A primary purpose of forming projects is to assign the responsibility for accomplishing some organizational task to a specific person or small group.

Projects are complex and include interfaces, interdependencies, and many assumptions, any or all of which may turn out to be wrong.

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

Searching for the third alternative is most closely associated with

Explain what the third alternative is in negotiation.

Rank ordering a large number of projects can be done with a Q-sort.

Briefly describe each of the three fundamental goals of a project.

Project budgeting differs from standard budgeting in regards to accounting techniques.

Negotiating the purchase of a new car would typically be characterized as win-win negotiation.

A disadvantage of using the payback period method for selecting projects is that it cannot reflect the time-value of money.

When you negotiate the purchase of a new car, you are usually engaged in what type of negotiation?

Programs are subdivisions of projects.

Which of the following is a numeric project selection method?

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

Having responsibility for the outcome of a project without the authority of rank or position is common in project management.

There are three different life cycles along which projects progress from start to completion.

In the early years of a project when outflows usually exceed inflows, the NPV of the project for those years will be positive.

Briefly explain the project portfolio process.

Projects with deliverables that are incrementally different from existing offerings are classified as platform projects.

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?

A primary purpose of forming projects is to assign the responsibility for accomplishing some organizational task to a specific person or small group.

Projects are complex and include interfaces, interdependencies, and many assumptions, any or all of which may turn out to be wrong.

A project that is selected because it is necessary for continued operations exemplifies a sacred cow.

Searching for the third alternative is most closely associated with

Explain what the third alternative is in negotiation.

Rank ordering a large number of projects can be done with a Q-sort.

Briefly describe each of the three fundamental goals of a project.

Project budgeting differs from standard budgeting in regards to accounting techniques.

Negotiating the purchase of a new car would typically be characterized as win-win negotiation.

A disadvantage of using the payback period method for selecting projects is that it cannot reflect the time-value of money.

When you negotiate the purchase of a new car, you are usually engaged in what type of negotiation?

Programs are subdivisions of projects.

Which of the following is a numeric project selection method?

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