Question 1

________ track progress from start to finish, pinpointing any deviations from the plan.

Accepted Answer

A)  Initiating processes 
B)  Executing processes 
C)  Planning processes 
D)  Monitoring and controlling processes 
A)  Initiating processes 
B)  Executing processes 
C)  Planning processes 
D)  Monitoring and controlling processes D

Question 2

The ________ phase in a project involves documenting lessons learned from the project, so the experience can benefit other project teams and add to the organization's knowledge base.

Accepted Answer

A)  executing 
B)  planning 
C)  closing 
D)  initiating 
A)  executing 
B)  planning 
C)  closing 
D)  initiating C

Question 3

Which of the following best defines a critical path in a project?

Accepted Answer

A)  the shortest path through a project undertaken to achieve a fixed deadline 
B)  the longest project path that identifies tasks that cannot be delayed without affecting the finish date 
C)  the path that takes into account all possible factors that can delay a project to estimate a deadline 
D)  the shortest path undertaken in a monitoring process in which there is no fixed deadline 
A)  the shortest path through a project undertaken to achieve a fixed deadline 
B)  the longest project path that identifies tasks that cannot be delayed without affecting the finish date 
C)  the path that takes into account all possible factors that can delay a project to estimate a deadline 
D)  the shortest path undertaken in a monitoring process in which there is no fixed deadline B

Question 4

Which of the following functions does a project charter perform?

Accepted Answer

A)  measuring the outcomes of the project 
B)  assessing the progress of the project 
C)  stating the reasoning behind initiating the project 
D)  estimating start and end dates for the project 
A)  measuring the outcomes of the project 
B)  assessing the progress of the project 
C)  stating the reasoning behind initiating the project 
D)  estimating start and end dates for the project

Question 5

Which of the following is the best example of a black swan?

Accepted Answer

A)  the introduction of Windows Vista operating system 
B)  the introduction of iPhone 
C)  the introduction of Bing search engine 
D)  the introduction of Zune music player 
A)  the introduction of Windows Vista operating system 
B)  the introduction of iPhone 
C)  the introduction of Bing search engine 
D)  the introduction of Zune music player

Question 6

What are the key factors that contribute toward a project's success or failure?

Accepted Answer

Most factors that lead to the failure of

Question 7

A(n) ________ is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

Accepted Answer

A)  project 
B)  business method 
C)  process 
D)  milestone 
A)  project 
B)  business method 
C)  process 
D)  milestone

Question 8

The planning processes lay the groundwork for the project by clarifying the value it will bring to the organization, setting its objectives, and estimating the project's length, scope, and cost.

Accepted Answer

A) True 
 B)False

Question 9

What is a program management office?

Accepted Answer

A program management office is that part

Question 10

Briefly describe the phenomenon of "escalation of commitment."

Accepted Answer

The tendency to continue investing in a

Question 11

Which of the following best describes a cognitive bias?

Accepted Answer

A)  a behavioral trait of trusting others' judgment of a situation over one's own 
B)  the inability of a person to perceive differences between two physical objects 
C)  a tendency to make systematic mistakes when making judgments 
D)  the act of exaggerating the importance of an event to gain an advantage 
A)  a behavioral trait of trusting others' judgment of a situation over one's own 
B)  the inability of a person to perceive differences between two physical objects 
C)  a tendency to make systematic mistakes when making judgments 
D)  the act of exaggerating the importance of an event to gain an advantage

Question 12

Which of the following best defines predecessors in a work breakdown structure?

Accepted Answer

A)  the tasks that are carried for a long period of time, side by side with new tasks 
B)  the tasks that need to be completed before a particular task can begin 
C)  the new tasks that are undertaken right after a long overdue task is completed 
D)  the tasks that are undertaken as a continuation of older incomplete tasks 
A)  the tasks that are carried for a long period of time, side by side with new tasks 
B)  the tasks that need to be completed before a particular task can begin 
C)  the new tasks that are undertaken right after a long overdue task is completed 
D)  the tasks that are undertaken as a continuation of older incomplete tasks

Question 13

A real estate developer in the New Jersey area purchases a large tract of land and plans to build a condominium, plus a golf course and other amenities. The developer hopes to have sold all condos to the upwardly mobile software industry employees in the area. Halfway through the project, the recession hits the nation and people lose jobs. There are no takers for the condos the developer is building, as homebuyers look at less expensive options at a time when they wish to guard their savings very closely. The developer, however, dismayed at the huge investment he has already made in the project, decides that it would be unwise to stop the project and plans to go ahead with it. The developer's rationale is consistent with the idea of ________.

Accepted Answer

A)  progress trap 
B)  post-purchase rationalization 
C)  buyer's remorse 
D)  escalation of commitment 
A)  progress trap 
B)  post-purchase rationalization 
C)  buyer's remorse 
D)  escalation of commitment

Question 14

Which of the following is a critical factor that causes the failure of projects?

Accepted Answer

A)  limited scope 
B)  low customization 
C)  high stakeholder involvement 
D)  unrealistic time frames 
A)  limited scope 
B)  low customization 
C)  high stakeholder involvement 
D)  unrealistic time frames

Question 15

How does a project charter help in managing a project?

Accepted Answer

A)  defines project metrics very clearly so there is no scope for change midway through project execution 
B)  helps make the project management process more informal and fosters greater collaboration 
C)  tracks the progress of the project and sets benchmarks for the project team to achieve 
D)  avoids unexpected surprises and leaves room for changes to meet organization's needs 
A)  defines project metrics very clearly so there is no scope for change midway through project execution 
B)  helps make the project management process more informal and fosters greater collaboration 
C)  tracks the progress of the project and sets benchmarks for the project team to achieve 
D)  avoids unexpected surprises and leaves room for changes to meet organization's needs

Question 16

A difference between projects and processes is that processes are unique, whereas projects are recurring.

Accepted Answer

A) True 
 B)False

Question 17

The ________ encompasses services each employee will be provided, whether and how much they can utilize company resources for personal use, the kinds of surveillance that are in place, and reinforce legal requirements, such as prohibitions against unauthorized copying.

Accepted Answer

A)  executive summary 
B)  acceptable-use policy 
C)  project charter 
D)  business case 
A)  executive summary 
B)  acceptable-use policy 
C)  project charter 
D)  business case

Question 18

A company requires its employees to include a certain disclaimer in their e-mails that states that the company is not responsible if recipients of e-mails rely on the advice provided by the employees. What potential threat does such a disclaimer protect the company from?

Accepted Answer

A)  implied contractual obligations 
B)  transmission of viruses 
C)  negligent misstatements 
D)  employee misuse 
A)  implied contractual obligations 
B)  transmission of viruses 
C)  negligent misstatements 
D)  employee misuse

Question 19

What is a hindsight bias and how is it different from a confirmation bias? Explain.

Accepted Answer

A hindsight bias refers to the human ten

Question 20

A project is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

Accepted Answer

A) True 
 B)False

________ track progress from start to finish, pinpointing any deviations from the plan.

The ________ phase in a project involves documenting lessons learned from the project, so the experience can benefit other project teams and add to the organization's knowledge base.

Which of the following best defines a critical path in a project?

Which of the following functions does a project charter perform?

Which of the following is the best example of a black swan?

What are the key factors that contribute toward a project's success or failure?

A(n) ________ is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

The planning processes lay the groundwork for the project by clarifying the value it will bring to the organization, setting its objectives, and estimating the project's length, scope, and cost.

What is a program management office?

Briefly describe the phenomenon of "escalation of commitment."

Which of the following best describes a cognitive bias?

Which of the following best defines predecessors in a work breakdown structure?

Which of the following is a critical factor that causes the failure of projects?

How does a project charter help in managing a project?

A difference between projects and processes is that processes are unique, whereas projects are recurring.

The ________ encompasses services each employee will be provided, whether and how much they can utilize company resources for personal use, the kinds of surveillance that are in place, and reinforce legal requirements, such as prohibitions against unauthorized copying.

A company requires its employees to include a certain disclaimer in their e-mails that states that the company is not responsible if recipients of e-mails rely on the advice provided by the employees. What potential threat does such a disclaimer protect the company from?

What is a hindsight bias and how is it different from a confirmation bias? Explain.

A project is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

Information Systems and People

Systems Development and Procurement

Information Systems and Strategy

Information and Communications Technologies: The Enterprise Architecture

Managing Information Resources with Databases

Information Systems for the Enterprise

The Web and E-Commerce

Ethics, Privacy, and Security

Business Intelligence and Decision Support

Collaborating with Technology

Knowledge Management and E-Learning

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Exam 12: Project Management and Strategic Planning

________ track progress from start to finish, pinpointing any deviations from the plan.

The ________ phase in a project involves documenting lessons learned from the project, so the experience can benefit other project teams and add to the organization's knowledge base.

Which of the following best defines a critical path in a project?

Which of the following functions does a project charter perform?

Which of the following is the best example of a black swan?

What are the key factors that contribute toward a project's success or failure?

A(n) ________ is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

The planning processes lay the groundwork for the project by clarifying the value it will bring to the organization, setting its objectives, and estimating the project's length, scope, and cost.

What is a program management office?

Briefly describe the phenomenon of "escalation of commitment."

Which of the following best describes a cognitive bias?

Which of the following best defines predecessors in a work breakdown structure?

Which of the following is a critical factor that causes the failure of projects?

How does a project charter help in managing a project?

A difference between projects and processes is that processes are unique, whereas projects are recurring.

The ________ encompasses services each employee will be provided, whether and how much they can utilize company resources for personal use, the kinds of surveillance that are in place, and reinforce legal requirements, such as prohibitions against unauthorized copying.

A company requires its employees to include a certain disclaimer in their e-mails that states that the company is not responsible if recipients of e-mails rely on the advice provided by the employees. What potential threat does such a disclaimer protect the company from?

What is a hindsight bias and how is it different from a confirmation bias? Explain.

A project is a temporary activity that is launched for a specific purpose, to carry out a particular objective.

Information Systems and People

Systems Development and Procurement

Information Systems and Strategy

Information and Communications Technologies: The Enterprise Architecture

Managing Information Resources with Databases

Information Systems for the Enterprise

The Web and E-Commerce

Ethics, Privacy, and Security

Business Intelligence and Decision Support

Collaborating with Technology

Knowledge Management and E-Learning

Filters