(Test Bank) Project Management The Managerial Process

Larson, 8

Business

Test Bank

8th Edition

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Test Bank for Project Management The Managerial Process, The downloadable file consists of 549 pages, and the total size of the file is 2.93 MB. Purchase now only for highly discounted price.

Author(s): Larson

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Study Note Preview

Version 1 1 CHAPTER 1 TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Accountants, architects, and attorneys are among professional people who excel at managing projects yet never have the title of project manager. ⊚ true ⊚ false 2) The Project Management Institute has a certification for project managers known as Project Management Professional (PMP). ⊚ true ⊚ false 3) Project management is equally useful in ongoing, routine work as well as unique, one-time initiatives, because of its flexibility. ⊚ true ⊚ false 4) The fact that projects are not confined to a single department but may involve several departments and professionals is a defining characteristic of projects. ⊚ true ⊚ false 5) Specific time, cost, and performance requirements are among the characteristics that separate project management from other endeavors of the organization. ⊚ true ⊚ false 6) Project management is a skill set that is transferable across most businesses and professions and is critical to many careers.Version 1 2 ⊚ true ⊚ false 7) For construction companies that build many buildings, all buildings built after the first do not fit the definition of a project. ⊚ true ⊚ false 8) As specified in a project life cycle, the first stage in the life cycle of a project is the concept stage. ⊚ true ⊚ false 9) Programs are processes designed to accomplish goals that are common to a program over time. ⊚ true ⊚ false 10) Project management is generally restricted to specialists because of the requirement for in-depth expertise. ⊚ true ⊚ false 11) Agile PM is incremental, iterative development and delivery whereas traditional PM does not deliver nor elicit feedback from the customer until the project is nearly complete. ⊚ true ⊚ false 12) One of the most significant driving forces behind the demand for project management is the ever increasing lengthening of the product life cycle.Version 1 3 ⊚ true ⊚ false 13) Project management appears to be ideally suited for a business environment requiring accountability, flexibility, innovation and repeatability. ⊚ true ⊚ false 14) At first glance, project managers perform the same functions as other managers. That is, they plan, schedule, motivate and control. ⊚ true ⊚ false 15) The modus operandi (method) used for implementing organizational strategy is through projects. ⊚ true ⊚ false 16) Project management skills are not needed in small projects within large organizations. ⊚ true ⊚ false 17) The technical dimensions of project management is primarily what successful project managers focus on, specifically planning, scheduling, and controlling projects. ⊚ true ⊚ false 18) The sociocultural dimension of project management includes managing relationships, motivating team members and negotiating project terms.Version 1 4 ⊚ true ⊚ false 19) A major driver of project management is small business development, among others. ⊚ true ⊚ false 20) Project management is critically significant only for the electronics industry. ⊚ true ⊚ false 21) The individual principles of project management are considered universal and applicable across most businesses and professions. ⊚ true ⊚ false 22) Contrary to on-going duties and responsibilities of customary jobs, projects have a defined endpoint. ⊚ true ⊚ false 23) Projects typically require the combined efforts of a variety of experts and specialists. ⊚ true ⊚ false MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 24) Which of the following choices is a professional organization for project managers?Version 1 5 A) PMI. B) AMA. C) MIS. D) IPM. E) PMBOK. 25) Which of the choices listed below is NOT considered to be a characteristic of a project? A) An established objective B) A clear beginning and end C) Specific time, cost and performance requirements D) For internal use only E) Something never been done by a particular company before 26) Which of the choices listed below is NOT considered a project? A) Developing a new software program B) Designing a space station C) Preparing the site for the Olympic Games D) Production of automobile tires E) Developing a new advertising program 27) Which of the following activities is the best example of a project? A) Processing insurance claims B) Producing automobiles C) Writing a policy manual D) Monitoring product quality E) Overseeing customer requests 28) Which of the following is NOT one of the stages of a project life cycle?Version 1 6 A) Identifying B) Defining C) Planning D) Executing E) Closing 29) In which stage of the project life cycle are project objectives established, teams formed, and major responsibilities assigned? A) Identifying B) Defining C) Planning D) Executing E) Closing 30) In which stage of the project life cycle is a major portion of the actual project work performed? A) Identifying B) Defining C) Planning D) Executing E) Closing 31) In which stage of the project life cycle are you more likely to find status reports, changes, and the creation of forecasts? A) Identifying B) Defining C) Planning D) Executing E) Closing Version 1 7 32) In which stage of the project life cycle is the project’s schedule and budget determined? A) Identifying B) Defining C) Planning D) Executing E) Closing 33) In which stage of the project life cycle is the product of the project delivered to the customer and resources are released from the project? A) Identifying B) Defining C) Planning D) Executing E) Closing 34) Which of the following is NOT typical of a project manager? A) Managing a temporary activity B) Overseeing existing operations C) Managing a nonrepetitive activity D) Responsible for time, cost and performance trade-offs E) Work with a group of outsiders, including vendors and suppliers 35) Which of the following is NOT one of the driving forces behind the increasing demand for project management?Version 1 8 A) Compression of the product life cycle B) Knowledge explosion C) Increasing need for concurrent multi-project management D) Declining need for product customization E) More sustainable business practices 36) Project management is ideally suited for a business environment requiring all of the following EXCEPT A) Accountability. B) Flexibility. C) Innovation. D) Speed. E) Repeatability. 37) Which dimension of project management centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project? A) Communication B) Sociocultural C) Social D) Technical E) Scheduling 38) Which of the following statements is true?Version 1 9 A) Project management is far from a standard way of doing business. B) Project management is increasingly contributing to achieving organizational strategies. C) Project management is being used at a consistent percentage of a firm's efforts. D) Project management is a specialty that few organizations have access to. E) All of these statements are false. 39) People who are part of the project team need to understand project management because they A) Work with others to create a schedule and budget. B) Need to understand project priorities so they can make independent decisions. C) Need to be able to monitor and report project progress. D) Need to understand the project charter or scope statement that defines the objectives and parameters of the project. E) All of these are reasons it is important for project team members to understand project management. 40) The two dimensions within project management processes are A) Technical and sociocultural. B) Cost and time. C) Planned and unexpected. D) Established and new. E) Unique and reoccurring. 41) Which of these is NOT part of the "technical dimension" of project management?Version 1 10 A) WBS B) Budgets C) Problem solving D) Schedules E) Status reports 42) Which of these is NOT part of the "sociocultural dimension" of project management? A) Negotiation B) Resource allocation C) Managing customer expectations D) Leadership E) Dealing with politics 43) Which of the following is NOT a reason why project management has become a standard way of doing business? A) Increased need for skilled management of stakeholders outside of organization. B) Projects need to be done faster. C) Organizations are doing more project work in-house instead of outsourcing. D) Organizations are executing more and more projects. E) Increased product complexity and innovation. 44) Which of the following is typically the responsibility of a project manager? A) Meeting budget requirements B) Meeting schedule requirements C) Meeting performance specifications D) Coordinating the actions of the team members E) All of these are typical responsibilities Version 1 11 45) A series of coordinated, related, multiple projects that continue over an extended time period and are intended to achieve a goal is known as a A) Strategy. B) Program. C) Campaign. D) Crusade. E) Venture. 46) Which of the following is NOT true about project management? A) It is not limited to the private sector. B) Many opportunities are available for individuals interested in this career path. C) It improves one's ability to plan, implement and manage activities to accomplish specific organizational objectives. D) It focuses primarily on technical processes. E) It is a set of tools. 47) As the number of small projects increase within an organization's portfolio, what is a challenge an organization faces? A) Sharing resources B) Measuring efficiency C) Managing risk D) Prioritizing projects E) All of these are challenges 48) Which of the following is a good example of a program?Version 1 12 A) Planting a garden B) Developing a new residential area that includes six custom homes C) Developing a new marketing plan D) Taking notes each class meeting to prepare for the final E) Planning a wedding 49) Which of the following represents the correct order of stages within the project life cycle? A) Planning, Defining, Executing, Closing B) Closing, Planning, Defining, Executing C) Defining, Planning, Executing, Closing D) Executing, Defining, Planning, Closing E) Planning, Defining, Closing, Executing 50) Project Management is a style that places a premium on A) building relationships. B) including a diverse set of talent. C) maintenance operations. D) building relationships and including a diverse set of talent. E) extensive testing only. 51) A project does not include A) unique elements. B) a specific objective. C) repetitive, same or similar work. D) creating a new product or service. E) developing a new process. 52) A project life cycleVersion 1 13 A) will only ever consist of four phases. B) must be dogmatically followed. C) reduces the amount of planning necessary. D) can vary based on the industry. E) will always have a phase called ‘visioning’. 53) Project Managers are A) ultimately responsible for performance. B) not timid. C) a direct link to the customer. D) able to multitask. E) all of these. 54) Project management is being driven by A) elevated profit motive. B) knowledge explosion. C) increased customer focus. D) more projects being done in-house. E) knowledge explosion and increased customer focus. 55) Project management is not limited to the __________ sector. A) universal B) private C) global D) international E) business and government Version 1 14 56) A project life cycle is characterized as made up of stages. The initial stage in the project life cycle is the __________ stage. A) conceptual B) closing C) defining D) planning E) executing 57) A project life cycle is characterized as made up of stages. The final stage in the project life cycle is the __________ stage. A) conceptual B) closing C) defining D) planning E) executing 58) Like many other professions such as accounting, marketing and finance, there is a professional organization for project managers. One professional organization for project managers has grown from 93,000 in 2002 to more than 565,000 currently and is the ___________. A) Institute for Project Managers B) Society for Project Professionals and Project Managers C) Organization for Project Managers and Professionals D) Project Management Institute (PMI) E) The Union of Project Professionals 59) A project life cycle is characterized as made up of stages. A major part of the project work, both physical and mental, takes place in the ___________ stage of the project life cycle.Version 1 15 A) conceptual B) closing C) defining D) planning E) executing 60) Any project life cycle is made up of stages. The project's schedule and budget will be determined in the ___________ stage of the project life cycle. A) conceptual B) closing C) defining D) planning E) executing 61) This first chapter introduced some of the most rudimentary aspects of the discipline, including definitions. A temporary endeavor undertaken to create a unique product, service, or result is a(n) _________. A) project B) activity C) task D) undertaking E) All of these. 62) The product life cycle must be understood as totally different from the project life cycle. In today's high-tech industries the product life cycle is averaging _________ to 3 years.