Exam 1: Modern Project Management

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Identify and briefly discuss the two key areas where project management need to be integrated within the organization.

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Smaller projects in larger organizations tend not to need project management skills.

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The success of individual projects is typically measured by performance compared to three constraints usually placed on all projects.Identify and briefly describe those three constraints.

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In practice, the amount of work accomplished in each stage of the Project Life Cycle will vary greatly depending on the department or work group.

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In today's high-tech industries the product life cycle is averaging _________ years.

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Which of the following constraints is not typically found in managing projects?

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Due to corporate downsizing significant segments of project work have been outsourced to other organizations.

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The first stage in the Project Life Cycle is the Concept stage.

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A _________ is a series of coordinated, related; multiple projects that continue over extended time intended to achieve a goal.

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What is the difference between a project and a program?

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In which of the following stages is a major portion of the physical and mental project work performed?

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Which of the following is the first step in developing a set of strategies designed to best meet the needs of customers?

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Project management is ideally suited for a business environment requiring all of the following except

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A series of coordinated, related, multiple projects that continue over extended time intended to achieve a goal is known as a

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Which of the following is the number one characteristic that is looked for in management candidates?

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Because of the requirement for in-depth expertise, project management is generally restricted to specialists.

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The establishment of project goals, specifications, and responsibilities usually occurs in the ________ stage of the project life cycle.

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A common rule of thumb in the world of high-tech product development is that a six-month project delay can result in a loss of product revenue share of ___ percent.The waste on failed projects and cost overruns is estimated in the neighborhood of

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A professional organization for project management specialists is the

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Compare and contrast the Product Life Cycle and the Project Life Cycle.

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