Exam 3: Project Management

Under ____ contracts,the buyer pays the provider for both the time and materials required to complete the contract.

A(n)___________________ contract includes an agreed-upon hourly rate and unit price for the various materials to be used.

Poor procurement management can result in serious project problems and even a project's outright cancellation.

____________________ includes estimating a reasonable completion date,developing a workable project schedule,and ensuring the timely completion of the project.

Project integration management is perhaps the most important knowledge area.

To avoid problems associated with a change in project ____________________,a formal scope change process should be defined before the project begins.

Quality control involves evaluating the progress of the project on an ongoing basis to ensure that it meets the identified quality standards.

At any point in time,an organization may have dozens or even hundreds of active projects aimed at accomplishing a wide range of results.

It is critical to a project's success to identify expectations of key ____________________ and team members.

Explain project integration management.

On the basis of data released by the Bureau of Economic Analysis,part of the U.S.Department of Commerce,the Project Management Institute estimates that project spending in the U.S.public and private sectors combined exceeds $____ trillion per year.

A clear connection between business objectives,goals,and projects is not needed for a successful project.

The ____________________ of a project can be defined as the degree to which the project meets the needs of its users.

According to the Project Management Institute,project managers must coordinate five areas of expertise.

____________________ are the way that much of an organization's work gets done.

The ____________________ of a project includes all the capital,expenses,and internal cross-charges associated with the project's buildings,operation,maintenance,and support.

____________________ management includes developing and managing the project budget.

____ management includes defining the work that must be done as part of the project and then controlling the work to stay within the scope to which the team has agreed.

____________________ management is about making the most effective use of the people involved with the project.

Project ____ is a definition of which work is and is not included in a project.