Question 1

When using the weighted scoring model,the categories for each scale must be in equal intervals.

Accepted Answer

A) True 
 B)False  False

Question 2

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

Accepted Answer

A) True 
 B)False  False

Question 3

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

Accepted Answer

A) True 
 B)False  False

Question 4

A PM doesn't need to understand why a project is selected for funding because he didn't initiate the process..

Accepted Answer

A) True 
 B)False

Question 5

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

Question 6

A disadvantage of using the discounted cash flow method (or net present value)for selecting projects is that it ignores all non-monetary factors associated with the project.

Accepted Answer

A) True 
 B)False

Question 7

Programs are subdivisions of projects.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

One can trade-off time and cost when managing a project,but the project's technical specifications must be maintained exactly as the client initially specifies.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

R&D projects are oriented toward using newly developed technologies or existing technologies in a new manner.

Accepted Answer

A) True 
 B)False

Question 12

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 13

While general managers have their authority limited to specific areas in the overall organization,project managers have authority over any activity required by the project.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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 17

A matrix that illustrates the magnitude of both product and process changes resulting from a project is called

Accepted Answer

A)  the aggregate project plan 
B)  the product-process matrix 
C)  the aggregate master production schedule 
D)  the balanced scorecard 
E)  the R&D project portfolio 
A)  the aggregate project plan 
B)  the product-process matrix 
C)  the aggregate master production schedule 
D)  the balanced scorecard 
E)  the R&D project portfolio

Question 18

The ________________________ attempts to link the organization's projects directly to the goals and strategy of the organization.

Accepted Answer

A)  the product-process matrix 
B)  the balanced scorecard 
C)  the action plan 
D)  project portfolio process 
E)  the work breakdown structure 
A)  the product-process matrix 
B)  the balanced scorecard 
C)  the action plan 
D)  project portfolio process 
E)  the work breakdown structure

Question 19

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 20

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

Accepted Answer

A) True 
 B)False

When using the weighted scoring model,the categories for each scale must be in equal intervals.

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

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

A PM doesn't need to understand why a project is selected for funding because he didn't initiate the process..

Which of the following is a numeric project selection method?

A disadvantage of using the discounted cash flow method (or net present value)for selecting projects is that it ignores all non-monetary factors associated with the project.

Programs are subdivisions of projects.

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

One can trade-off time and cost when managing a project,but the project's technical specifications must be maintained exactly as the client initially specifies.

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

R&D projects are oriented toward using newly developed technologies or existing technologies in a new manner.

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

While general managers have their authority limited to specific areas in the overall organization,project managers have authority over any activity required by the project.

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

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

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

A matrix that illustrates the magnitude of both product and process changes resulting from a project is called

The ________________________ attempts to link the organization's projects directly to the goals and strategy of the organization.

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

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

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

When using the weighted scoring model,the categories for each scale must be in equal intervals.

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

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

A PM doesn't need to understand why a project is selected for funding because he didn't initiate the process..

Which of the following is a numeric project selection method?

A disadvantage of using the discounted cash flow method (or net present value)for selecting projects is that it ignores all non-monetary factors associated with the project.

Programs are subdivisions of projects.

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

One can trade-off time and cost when managing a project,but the project's technical specifications must be maintained exactly as the client initially specifies.

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

R&D projects are oriented toward using newly developed technologies or existing technologies in a new manner.

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

While general managers have their authority limited to specific areas in the overall organization,project managers have authority over any activity required by the project.

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

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

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

A matrix that illustrates the magnitude of both product and process changes resulting from a project is called

The ________________________ attempts to link the organization's projects directly to the goals and strategy of the organization.

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

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

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