Question 1

If a company borrows money, it must pay back a portion of the amount it borrowed plus _____.

Accepted Answer

A)  extra payment 
B)  alternative giving 
C)  donation 
D)  contributions 
E)  additional interest 
A)  extra payment 
B)  alternative giving 
C)  donation 
D)  contributions 
E)  additional interest

Question 2

Which of the following is an advantage of including the project manager in the project evaluation process?

Accepted Answer

A)  It enables the project manager to have an understanding of the selection criteria that can be used when making decisions about the project during later phases. 
B)  It may indicate a need for project manager skills and experiences that are different from the project manager who is involved in the evaluation. 
C)  It allows the parent organization to select a project manager whose abilities match the complexity profile of the project. 
D)  It improves the project manager's level of understanding about the project and ensures that the chosen project manager is the most suitable individual for executing the project. 
E)  It helps achieve greater buy-in from the top management of the parent organization. 
A)  It enables the project manager to have an understanding of the selection criteria that can be used when making decisions about the project during later phases. 
B)  It may indicate a need for project manager skills and experiences that are different from the project manager who is involved in the evaluation. 
C)  It allows the parent organization to select a project manager whose abilities match the complexity profile of the project. 
D)  It improves the project manager's level of understanding about the project and ensures that the chosen project manager is the most suitable individual for executing the project. 
E)  It helps achieve greater buy-in from the top management of the parent organization.

Question 3

Which of the following is true about goals?

Accepted Answer

A)  Goals reflect who we are. 
B)  Goals have uniform characteristics. 
C)  Goals add clarity to the anchor statement. 
D)  Goals translate behaviors into emotional concepts. 
E)  Goals established during the alignment process are narrow in nature. 
A)  Goals reflect who we are. 
B)  Goals have uniform characteristics. 
C)  Goals add clarity to the anchor statement. 
D)  Goals translate behaviors into emotional concepts. 
E)  Goals established during the alignment process are narrow in nature.

Question 4

Roles:

Accepted Answer

A)  are defined as the project progresses. 
B)  are usually not delineated in contracts. 
C)  are rarely open to interpretation. 
D)  can be clarified by using a flip chart to record project roles. 
E)  tend to limit the scope of work performed by project members. 
A)  are defined as the project progresses. 
B)  are usually not delineated in contracts. 
C)  are rarely open to interpretation. 
D)  can be clarified by using a flip chart to record project roles. 
E)  tend to limit the scope of work performed by project members.

Question 5

When trust is not present, time and energy is invested in fact checking or finding information.

Accepted Answer

A) True 
 B)False

Question 6

A purpose statement:

Accepted Answer

A)  is developed as part of the team development process during the project delivery phase. 
B)  provides a project with an anchor or organizational focus. 
C)  provides a method to support the integration of distinct business applications that have not necessarily been designed to coexist. 
D)  is an objective of maximum productivity with minimum participation. 
E)  delivers innovative solutions. 
A)  is developed as part of the team development process during the project delivery phase. 
B)  provides a project with an anchor or organizational focus. 
C)  provides a method to support the integration of distinct business applications that have not necessarily been designed to coexist. 
D)  is an objective of maximum productivity with minimum participation. 
E)  delivers innovative solutions.

Question 7

Developing a common understanding among the key stakeholders of the purpose and goals of the project and the means and methods of accomplishing those goals is called the _____.

Accepted Answer

A)  work breakdown structure 
B)  master schedule 
C)  contracting plan 
D)  assignable cause 
E)  alignment process 
A)  work breakdown structure 
B)  master schedule 
C)  contracting plan 
D)  assignable cause 
E)  alignment process

Question 8

Sometimes called an anchoring statement, these statements can become a basis for testing key decisions.

Accepted Answer

A)  Conceptual estimates 
B)  Project objectives 
C)  Purpose statements 
D)  Scope documents 
E)  Project profiles 
A)  Conceptual estimates 
B)  Project objectives 
C)  Purpose statements 
D)  Scope documents 
E)  Project profiles

Question 9

Irrespective of the complexity profile, all projects require dedicated infrastructure.

Accepted Answer

A) True 
 B)False

Question 10

The _____ is a sequential list of scope change requests and actions related to scope changes.

Accepted Answer

The answer of The _____ is a sequential list of...

Question 11

To identify the advocates and opponents of a project, begin by reading public documents such as the minutes of the meeting at which the project was approved.

Accepted Answer

A) True 
 B)False

Question 12

Why are changes to the project scope necessary?

Accepted Answer

A)  To understand reports 
B)  To reflect new information 
C)  To begin planning the project 
D)  To teach team members what they need to know about their jobs 
E)  To establish a trusting project culture 
A)  To understand reports 
B)  To reflect new information 
C)  To begin planning the project 
D)  To teach team members what they need to know about their jobs 
E)  To establish a trusting project culture

Question 13

A purpose statement provides a project with an organizational focus.

Accepted Answer

A) True 
 B)False

Question 14

If a company borrows $175,000 to fund a project and the project increases cash flow by $25,000 a year, the simple payback would be:

Accepted Answer

A)  8 years. 
B)  5 years. 
C)  6 years. 
D)  7 years. 
E)  4 years. 
A)  8 years. 
B)  5 years. 
C)  6 years. 
D)  7 years. 
E)  4 years.

Question 15

Role clarification facilitates the development of all of the following, EXCEPT:

Accepted Answer

A)  Communication planning 
B)  Key milestones 
C)  Work flow organization 
D)  Approval processes 
E)  Role boundary spanning processes 
A)  Communication planning 
B)  Key milestones 
C)  Work flow organization 
D)  Approval processes 
E)  Role boundary spanning processes

Question 16

The repayment of a loan and interest to a company is usually paid quarterly or annually.

Accepted Answer

A) True 
 B)False

Question 17

What is the mission of an organization? What are the sections of a mission statement?

Accepted Answer

The mission of an organization is a stat

Question 18

Which of the following statements is true about achieving a common understanding of the project purpose?

Accepted Answer

A)  A common understanding means building a consensus and disagreement regarding a project's purpose is often fatal to project execution. 
B)  Developing a common understanding involves defining project success, determining potential barriers to success, establishing milestones, and identifying decision-makers. 
C)  The methods and processes employed to develop a common understanding depend on the duration of the project. 
D)  Irrespective of the complexity of the project, developing a common understanding usually involves informal discussions that last a few hours. 
E)  When developing a common understanding of the purpose of a project, participants are often instructed to refrain from expressing skepticism. 
A)  A common understanding means building a consensus and disagreement regarding a project's purpose is often fatal to project execution. 
B)  Developing a common understanding involves defining project success, determining potential barriers to success, establishing milestones, and identifying decision-makers. 
C)  The methods and processes employed to develop a common understanding depend on the duration of the project. 
D)  Irrespective of the complexity of the project, developing a common understanding usually involves informal discussions that last a few hours. 
E)  When developing a common understanding of the purpose of a project, participants are often instructed to refrain from expressing skepticism.

Question 19

An) _____ is an end toward which effort is directed.

Accepted Answer

A)  goal 
B)  idea 
C)  mission 
D)  vision 
E)  duty 
A)  goal 
B)  idea 
C)  mission 
D)  vision 
E)  duty

Question 20

The scope document is usually several hundred pages long.

Accepted Answer

A) True 
 B)False

If a company borrows money, it must pay back a portion of the amount it borrowed plus _____.

Which of the following is an advantage of including the project manager in the project evaluation process?

Which of the following is true about goals?

Roles:

When trust is not present, time and energy is invested in fact checking or finding information.

A purpose statement:

Developing a common understanding among the key stakeholders of the purpose and goals of the project and the means and methods of accomplishing those goals is called the _____.

Sometimes called an anchoring statement, these statements can become a basis for testing key decisions.

Irrespective of the complexity profile, all projects require dedicated infrastructure.

The _____ is a sequential list of scope change requests and actions related to scope changes.

To identify the advocates and opponents of a project, begin by reading public documents such as the minutes of the meeting at which the project was approved.

Why are changes to the project scope necessary?

A purpose statement provides a project with an organizational focus.

If a company borrows $175,000 to fund a project and the project increases cash flow by $25,000 a year, the simple payback would be:

Role clarification facilitates the development of all of the following, EXCEPT:

The repayment of a loan and interest to a company is usually paid quarterly or annually.

What is the mission of an organization? What are the sections of a mission statement?

Which of the following statements is true about achieving a common understanding of the project purpose?

An) _____ is an end toward which effort is directed.

The scope document is usually several hundred pages long.

Introduction to Project Management

Project Profiling

Project Phases and Organization

Understanding and Meeting Client Expectations

Working With People on Projects

Communication Technologies

Project Time Management

Estimating and Managing Costs

Managing Project Quality

Managing Project Risk

Project Procurement and Closure

Filters

Exam 7: Starting a Project

If a company borrows money, it must pay back a portion of the amount it borrowed plus _____.

Which of the following is an advantage of including the project manager in the project evaluation process?

Which of the following is true about goals?

Roles:

When trust is not present, time and energy is invested in fact checking or finding information.

A purpose statement:

Developing a common understanding among the key stakeholders of the purpose and goals of the project and the means and methods of accomplishing those goals is called the _____.

Sometimes called an anchoring statement, these statements can become a basis for testing key decisions.

Irrespective of the complexity profile, all projects require dedicated infrastructure.

The _____ is a sequential list of scope change requests and actions related to scope changes.

To identify the advocates and opponents of a project, begin by reading public documents such as the minutes of the meeting at which the project was approved.

Why are changes to the project scope necessary?

A purpose statement provides a project with an organizational focus.

If a company borrows $175,000 to fund a project and the project increases cash flow by $25,000 a year, the simple payback would be:

Role clarification facilitates the development of all of the following, EXCEPT:

The repayment of a loan and interest to a company is usually paid quarterly or annually.

What is the mission of an organization? What are the sections of a mission statement?

Which of the following statements is true about achieving a common understanding of the project purpose?

An) _____ is an end toward which effort is directed.

The scope document is usually several hundred pages long.

Introduction to Project Management

Project Profiling

Project Phases and Organization

Understanding and Meeting Client Expectations

Working With People on Projects

Communication Technologies

Project Time Management

Estimating and Managing Costs

Managing Project Quality

Managing Project Risk

Project Procurement and Closure

Filters