Exam 1: Introduction to Project Management

 A difference between strategic and tactical goals is:

 "What is the project's budget?" This is an example of a project's _____ constraint.

 Individual projects always address strategic goals whereas portfolio management addresses tactical goals.

 Passing the CPA exam is a standard for accountants. Similarly, passing the PMP exam is becoming a standard for _____.

 A(n) _____ is "a group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits and control not available from managing them individually."

 Earned value management is a tool primarily used in resource management.

 Project procurement management primarily involves identifying stakeholder needs while managing their engagement throughout the life of the project.

 Project _____ management includes estimating how long it will take to complete the work, developing an acceptable project schedule, and ensuring timely completion of a project.

 Program managers are change agents.

 Managing the triple constraint primarily involves making trade-offs between resources and quality.

 Good project managers assume that their definition of success is the same as the sponsors.

 Project managers work with the project sponsors to define success for particular projects.

 Team building exercises and motivation techniques are tools used in _____ management.

 The enterprise project management software, which aids project and portfolio management, is a low-end tool.

 Galaxy, a construction company, buys a particular brand of tiles manufactured by Tiles and Floors, an eco-friendly tile manufacturing company. However, Tiles and Floors has declared bankruptcy and closed down. At present, Galaxy is facing a crisis because there are no other manufacturers in the market that supplies eco-friendly tiles. Which constraint is Galaxy currently facing?

 _____ include people, hardware, software, or other assets.

 In project management, the three limitations of scope, time, and cost are referred to as the _____.

 A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.

 The term "_____" refers to work done in organizations to sustain the business.

 Projects should be developed in increments.