Exam 1: The World of Project Management

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

To what extent can the three goals of a project be traded-off for one another?

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

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

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

The project manager depends on legitimate authority to gain the cooperation of the many departments in the organization that may be asked to supply technology, information, resources and personnel to the project.

In Crystal Ball, cells that contain outcomes we are interested in are called

Projects that begin with a slow start, have quick momentum in the middle, and have a slow finish are said to follow which type of lifecycle?

The construction of a house would likely follow a J-shaped lifecycle.

Which of the following criteria can be included in scoring models for selecting projects?

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

Searching for the third alternative is most closely associated with

A key deficiency of the aggregate project plan is that it provides little information about the resources committed to the various projects.

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

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

Briefly explain the project portfolio process.

How do you know if project completion is successful?.

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

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

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