Deck 1: Project Management Concepts

Question 1

The sponsor provides funds to accomplish the project.

Answer 1

True

Question 2

A project has an unlimited time frame.

Answer 2

False

Question 3

A group volunteered to keep a section of highway clean.This is an example of a project.

Answer 3

False

Question 4

A project is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

Question 5

People are the only resource used in a project.

Question 6

Every project has a starting date and an ending date.

Question 7

Expected benefits and outcomes may be included in the project objective.

Question 8

The project objective requires completing the project work scope on time and within budget.

Question 9

A project involves a degree of uncertainty that remains the same as the project progresses.

Question 10

A project has a clear objective.

Question 11

The Department of Transportation hired a company to build a six-lane highway between two cities.This is an example of a project.

Question 12

Resources can include people, organizations, equipment, materials, and facilities.

Question 13

The outcome of a project is a tangible end product.

Question 14

A research firm secured $2 million to evaluate the treatment of water in selected countries over the next three years.This is an example of a project.

Question 15

A project has a sponsor or customer.

Question 16

A project is an endeavor to accomplish a specific objective through a unique set of nonrelated tasks and the effective utilization of resources.

Question 17

A project's stakeholders will always include only representatives from the sponsor's organization.

Question 18

A project is completed through a number of repetitive tasks.

Question 19

A project utilizes various resources to carry out the tasks.

Question 20

A project is carried out through a series of independent tasks.

Question 21

A work breakdown structure shows the necessary sequence and dependent relationships of the detailed activities for a project.

Question 22

A person or organization responsible for each work item should be identified to assign responsibility while planning the project.

Question 23

A project is initiated when a need is identified by a contractor.

Question 24

When establishing the project objectives, the objective must be agreed upon by the project sponsor.

Question 25

The project scope document should include a list of deliverables and associated acceptance criteria.

Question 26

Projects are constrained only by the scope, schedule, and budget.

Question 27

The project objective requires completing the project work scope and producing all the deliverables by a certain time and within budget.

Question 28

The collapse of a retaining wall could be a risk to the project objective for a garden construction project.

Question 29

The schedule for a project is a timetable with only start times for tasks.

Question 30

The project objective is usually defined in terms of end product, schedule, and budget.

Question 31

A request for proposals is used to initiate all projects by communicating that a project is needed.

Question 32

Introduction of a new process to ship packages for a firm is an example of a project objective.

Question 33

Quality expectations are only defined at the start of the project.

Question 34

The level of effort is the same for all four phases of the generic project life cycle.

Question 35

A network diagram is a hierarchical decomposition of the project scope into work elements to be executed to produce the project deliverables.

Question 36

A project objective is the tangible end product that the project team must produce or deliver.

Question 37

The project scope is all the work that must be done in order to produce all the project deliverables, satisfy the customer, and accomplish the project objective.

Question 38

Determining the market for a product for a gain of 5% market share within 18 months and $20,000 budget.This is an example of a project objective.

Question 39

The amount the sponsor has agreed to pay for acceptable project deliverables is the project budget.

Question 40

All the work involved with clearing a sidewalk after a heavy snow storm is an example of a project's scope.

Question 41

The list that includes key contact information, role or specific topics of interest, expectations, any known issues, and areas of potential influence for each stakeholder is known as the

A) stakeholder register.
B) list of prior projects.
C) lessons learned list.
D) project technical specifications.

Question 42

Corrective action must be taken for a project when

A) actual progress to the planned progress shows the progress is ahead of schedule.
B) the technical specifications have been met.
C) the actual cost of the activities is less than the funds received for the work completed.
D) the actual progress is less than the planned progress.

Question 43

Which of the following is not an example of a project?

A) Starting-up a restaurant
B) Creating a website for a company
C) Raising money for a disaster relief trip
D) Emptying the recycling everyday

Question 44

The project plan is executed in the

A) initiating phase.
B) planning phase.
C) performing phase.
D) closing phase.

Question 45

The amount of estimated resources helps to determine the estimated durations.

Question 46

Projects are identified and selected in the

A) initiating phase.
B) planning phase.
C) performing phase.
D) closing phase.

Question 47

The project budget is based on

A) how well the project manager can use accounting software.
B) the estimated costs associated with the quantities of resources to be used.
C) the actual costs of the resources used for the project.
D) the costs to do the resources before any indirect costs.

Question 48

A satisfied customer is a benefit of implementing project management techniques.

Question 49

The types and quantities of resources to be used for the activities are the base for the estimated project cost.

Question 50

Globalization changes the dynamics of a project and adds a layer of complexity that can reduce the risks of accomplishing the project outcome.

Question 51

A ____ plan must be developed that identifies and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and delineates responses for dealing with risks

A) risk development
B) risk management
C) risk mitigation
D) risk avoidance

Question 52

The project budget includes costs for each activity plus other project costs such as administrative costs and overhead costs.

Question 53

The ____ usually states the time by which a project scope must be completed in terms of the specific date agreed upon by the sponsor.

A) Project schedule
B) Project objective
C) Task timetable
D) Project scope

Question 54

The Project Management Institute is a worldwide not-for-profit organization of practitioners that certifies project management professionals.

Question 55

While performing the work, all the activities in the baseline plan must be performed in accordance to

A) what the person responsible for the activity wants.
B) lesson learned from prior projects.
C) how the sponsor has completed all their projects in the past.
D) the project schedule and technical specifications.

Question 56

The following mechanisms help to assure quality expectations are met:

A) Audits, inspections, and standards throughout the project.
B) Inspections only at the end of the project.
C) Only a list of standards is needed at the start of the project
D) No mechanisms are needed to assure quality.

Question 57

Costs for resources on a project could include all the following except

A) fees for subcontractors to perform project tasks
B) salaries of people who will work on the project
C) rental of facilities
D) costs for equipment that extends beyond the project time

Question 58

Resources are identified and selected in the

A) initiating phase.
B) planning phase.
C) performing phase.
D) closing phase.

Question 59

The estimated duration of the project is dependent upon the sequence of activities.

Question 60

Project documents are organized and archived in the

A) initiating phase.
B) planning phase.
C) performing phase.
D) closing phase.

Question 61

In global projects, learning and understanding the culture and customs of other project participants:

A) aids in developing effective project teams.
B) ensures project success.
C) demonstrates the project manager's weakness.
D) leads to mistrust in the team.

Question 62

Ultimately, the responsibility of the project manager is to:

A) finish the project as quickly as possible.
B) finish the project as cost effectively as possible.
C) make sure the customer is satisfied.
D) make independent decisions.

Question 63

The front-end effort in managing a project must be focused on establishing a:

A) schedule.
B) user arrangement.
C) quality procedures.
D) baseline plan.

Question 64

The fourth phase of the project life cycle involves ____ the project.

A) performing
B) implementing
C) renegotiating
D) terminating

Question 65

A project objective

A) assigns the resources to the tasks in the project.
B) establishes what is to be accomplished.
C) lists the interrelated tasks.
D) utilizes various resources to carry out the tasks.

Question 66

Different types of resources will be utilized in this phase of the project lifecycle.

A) performing the project.
B) development of proposed solution of need.
C) identification of need.
D) termination of project.

Question 67

The third phase of the project life cycle has two parts:

A) brainstorming and detailed planning for the project.
B) contracting and performing the project.
C) detailed planning and implementing the plan.
D) implementing the project and terminating the project.

Question 68

Which phase of the project life cycle results in the accomplishment of the project objective, leaving the customer satisfied that the work scope was completed in a satisfactory manner?

A) Identification of need phase
​
B) Implementation of proposed solution phase
C) Development of proposed solution phase
D) Termination phase

Question 69

The key to effective ____ is measuring actual progress and comparing it to planned progress on a timely and regular basis, and taking corrective action immediately if necessary.

A) project planning
B) work breakdown
C) project control
D) quality efficiency

Question 70

The stakeholder register is a convenient tool to keep

A) stakeholders at a distance from the project.
B) all stakeholder information consolidated and up-to-date.
C) all communications open to all stakeholders.
D) lessons learned.

Question 71

____ is the systematic arrangement of tasks to accomplish an objective.

A) Scheduling
B) Planning
C) Team building
D) Controlling

Question 72

A ____ diagram shows the necessary sequence and interdependencies of activities to achieve the project objective.

A) netting
B) periodic
C) dashboard
D) network

Question 73

The ____ phase of the project life cycle is the development of a proposed solution to the need or problem.

A) first
B) second
C) third
D) fourth

Question 74

This first phase of the project life cycle involves the:

A) identification of a need, problem, or opportunity
B) contract negotiations
C) brainstorming solutions
D) identifying the tasks to be performed

Question 75

____ adds a unique dimension to managing projects as it changes the dynamics of a project.It can adversely affect the project outcome if the project participants are not aware of cultural differences and multinational economic transactions.

A) Diversity
B) Customer interaction
C) Customer satisfaction
D) Globalization

Question 76

A stakeholder has concerns about a project, the project team should

A) wait for the stakeholder to contact the project manager about the concern.
B) prepare a defense for their project decisions.
C) write letters to all the stakeholders to not worry about the project.
D) be proactive and contact the stakeholder.

Question 77

A project team is contacted by a stakeholder about a concern related to their project, the project team should

A) communicate with the stakeholder individually to deal with the concern.
B) send a mass email to all stakeholders to let them know the project is on time and under budget.
C) ignore the concern because one stakeholder is not important.
D) share the concern with all the other stakeholders to see if they agree.

Question 78

A ____ is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

A) work schedule
B) projection
C) project
D) task list

Question 79

The third phase of the project life cycle is the:

A) implementation of the proposed solution.
B) implementation of schedule maintenance.
C) development of proposed solutions.
D) selection of vendors and negotiations

Question 80

A ____ is a hierarchical tree of work elements or items accomplished or produced by the project team during the project.

A) work load structure
B) project breakdown diagram
C) work breakdown structure
D) baseline plan