Question 1

There has been a growing use of projects to achieve an organization's strategic goals

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A)  Buying a car from a second-hand car dealership at the asking price. 
B)  Discussing a problem with all parties concerned and finding a middle ground 
C)  Carrying on an argument over a petty issue that can be easily resolved 
D)  Agreeing to share resources for the benefit of all involved in different projects 
E)  Disagreeing with a project idea while not providing an alternative 
A)  Buying a car from a second-hand car dealership at the asking price. 
B)  Discussing a problem with all parties concerned and finding a middle ground 
C)  Carrying on an argument over a petty issue that can be easily resolved 
D)  Agreeing to share resources for the benefit of all involved in different projects 
E)  Disagreeing with a project idea while not providing an alternative

Question 3

In project management, superior-subordinate relationships are known and lines of authority are clear.

Accepted Answer

A) True 
 B)False

Question 4

Briefly highlight the difference between win-win and win-lose negotiation strategies.

Accepted Answer

In win-win negotiation, both parties mus

Question 5

When using financial methods for selecting projects, the payback period is the simplest and best method to use.

Accepted Answer

A) True 
 B)False

Question 6

One limitation of scoring methods is that they can only incorporate quantitative data.

Accepted Answer

A) True 
 B)False

Question 7

With scrum, the project work is completed in sprints that typically last how long?

Accepted Answer

A)  Three to five days 
B)  One week 
C)  One to two weeks 
D)  Exactly two weeks 
E)  Three to four weeks 
A)  Three to five days 
B)  One week 
C)  One to two weeks 
D)  Exactly two weeks 
E)  Three to four weeks

Question 8

The main distinction between platform and derivative projects is that the latter depend on existing technology.

Accepted Answer

A) True 
 B)False

Question 9

In project management, it is often necessary to trade-off one objective for another.

Accepted Answer

A) True 
 B)False

Question 10

A disadvantage of using scoring models rather than financial models for selecting projects is that they cannot include the project's profitability.

Accepted Answer

A) True 
 B)False

Question 11

Scoring methods were developed to overcome some of the disadvantages of simple financial profitability methods.

Accepted Answer

A) True 
 B)False

Question 12

The planned outputs of these projects represent major departures from existing offerings in terms of the product/service either itself or the process used to make and deliver it, or both.

Accepted Answer

A)  Derivative project 
B)  R&D project 
C)  Blue-sky project 
D)  Breakthrough project 
E)  Platform project 
A)  Derivative project 
B)  R&D project 
C)  Blue-sky project 
D)  Breakthrough project 
E)  Platform project

Question 13

Projects success is not determined by the portfolio of projects in an organization.

Accepted Answer

A) True 
 B)False

Question 14

Project budgets are primarily modifications of budgets for the same activity in the previous period.

Accepted Answer

A) True 
 B)False

Question 15

As the project goes further into the execution stage, the PM's job becomes that of keeping the project on budget and schedule.

Accepted Answer

A) True 
 B)False

Question 16

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: Simplicity--the art of maximizing the amount of work not done--is essential.

Accepted Answer

A) True 
 B)False

Question 17

Ultor is a media company that specializes in creating print advertisements for local businesses. Lately, it has been undertaking requests for multimedia projects that are new to it. In this scenario, Ultor is most likely accepting _____.

Accepted Answer

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

There has been a growing use of projects to achieve an organization's strategic goals

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

In project management, superior-subordinate relationships are known and lines of authority are clear.

Briefly highlight the difference between win-win and win-lose negotiation strategies.

When using financial methods for selecting projects, the payback period is the simplest and best method to use.

One limitation of scoring methods is that they can only incorporate quantitative data.

With scrum, the project work is completed in sprints that typically last how long?

The main distinction between platform and derivative projects is that the latter depend on existing technology.

In project management, it is often necessary to trade-off one objective for another.

A disadvantage of using scoring models rather than financial models for selecting projects is that they cannot include the project's profitability.

Scoring methods were developed to overcome some of the disadvantages of simple financial profitability methods.

The planned outputs of these projects represent major departures from existing offerings in terms of the product/service either itself or the process used to make and deliver it, or both.

Projects success is not determined by the portfolio of projects in an organization.

Project budgets are primarily modifications of budgets for the same activity in the previous period.

As the project goes further into the execution stage, the PM's job becomes that of keeping the project on budget and schedule.

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: Simplicity--the art of maximizing the amount of work not done--is essential.

Ultor is a media company that specializes in creating print advertisements for local businesses. Lately, it has been undertaking requests for multimedia projects that are new to it. In this scenario, Ultor is most likely accepting _____.

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

There has been a growing use of projects to achieve an organization's strategic goals

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

In project management, superior-subordinate relationships are known and lines of authority are clear.

Briefly highlight the difference between win-win and win-lose negotiation strategies.

When using financial methods for selecting projects, the payback period is the simplest and best method to use.

One limitation of scoring methods is that they can only incorporate quantitative data.

With scrum, the project work is completed in sprints that typically last how long?

The main distinction between platform and derivative projects is that the latter depend on existing technology.

In project management, it is often necessary to trade-off one objective for another.

A disadvantage of using scoring models rather than financial models for selecting projects is that they cannot include the project's profitability.

Scoring methods were developed to overcome some of the disadvantages of simple financial profitability methods.

The planned outputs of these projects represent major departures from existing offerings in terms of the product/service either itself or the process used to make and deliver it, or both.

Projects success is not determined by the portfolio of projects in an organization.

Project budgets are primarily modifications of budgets for the same activity in the previous period.

As the project goes further into the execution stage, the PM's job becomes that of keeping the project on budget and schedule.

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: Simplicity--the art of maximizing the amount of work not done--is essential.

Ultor is a media company that specializes in creating print advertisements for local businesses. Lately, it has been undertaking requests for multimedia projects that are new to it. In this scenario, Ultor is most likely accepting _____.

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