Question 1

The final stage in the Project Life Cycle is the __________ stage.

Accepted Answer

closure
Explanation: Closure i...

Question 2

Like most organizational effort, the major goal of a project is to __________.

Accepted Answer

satisfy a customer's need
Expl...

Question 3

Because of its flexibility, project management is equally useful in ongoing, routine work as well as unique, one-time projects.

Accepted Answer

A) True 
 B)False

Question 4

What is meant by an "Integrated Project Management Process"?

Accepted Answer

All efforts are focu...

Question 5

The growth in ________ has increased the complexity of projects because projects typically include the latest advances.

Accepted Answer

new knowledge
Explanation: The growth in...

Question 6

The ________ is a professional organization for project management specialists.

Accepted Answer

Project Management Institute (...

Question 7

The importance of project management has increased due to

Accepted Answer

A)  The movement of manufacturing operations out of the U.S
B)  Time to market
C)  The movement toward flatter and leaner organizations
D)  Both a and b are true
E)  A, B, and C are all trueF) C) and D)
G) B) and D)

Question 8

Project managers are expected to ensure that appropriate trade-offs are made between the time, cost, and __________ requirements of the project.

Accepted Answer

performance
Explanation: Project manager...

Question 9

The waste on failed projects and cost overruns is estimated in the neighborhood of

Accepted Answer

A)  Under $100 Million
B)  Over $150 Billon
C)  Under $10 Billion
D)  Between $90-$100 Billion
E)  Between $125-$135 BillionF) B) and E)
G) A) and C)

Question 10

Leadership, teamwork, and negotiation are examples of the _________ dimension of the project management process.

Accepted Answer

The answer of Leadership, teamwork, and negotiation are examples of...

Question 11

The advent of project management has been most profound in

Accepted Answer

A)  Automobile manufacturing
B)  Construction
C)  Information technology
D)  The U.S.Department of Defense
E)  Film makingF) B) and E)
G) A) and B)

Question 12

Which of these is not part of the "sociocultural dimension" of project management?

Accepted Answer

A)  Negotiation
B)  Resource allocation
C)  Customer expectations
D)  Leadership
E)  PoliticsF) B) and E)
G) A) and D)

Question 13

Which of the following is not considered to be a characteristic of a project?

Accepted Answer

A)  An established objective
B)  A clear beginning and end
C)  Complex tasks
D)  Only for internal use
E)  Never been done beforeF) A) and D)
G) D) and E)

Question 14

Identify and briefly describe the four stages of the Project Life Cycle.

Accepted Answer

see list o...

Question 15

Ten years ago major universities offered only one or two classes in project management, primarily for engineers.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements is true?

Accepted Answer

A)  Project management is becoming 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)  Both A and B are true
E)  A, B, and C are all trueF) A) and B)
G) A) and C)

Question 17

A major portion of the project work, both physical and mental, takes place during the Production stage of the Project Life Cycle.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following activities is not considered a project?

Accepted Answer

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 programF) A) and B)
G) A) and C)

Question 19

In which of the following stages are you more likely to find status reports, many changes, and the creation of forecasts?

Accepted Answer

A)  Conceptualizing
B)  Defining
C)  Planning
D)  Executing
E)  DeliveringF) B) and D)
G) C) and E)

Question 20

The advent of many small projects has created the need for an organization that can support __________ management.

Accepted Answer

multiproject
Explanation: This climate h...

Exam 1: Modern Project Management

Which of the following is not considered to be a characteristic of a project?

Correct AnswerverifiedShow Answer

The growth in ________ has increased the complexity of projects because projects typically include the latest advances.

Correct Answerverifiednew knowledgeExplanation: The growth in...View AnswerShow Answer

The advent of project management has been most profound in

Correct AnswerverifiedShow Answer

Because of its flexibility, project management is equally useful in ongoing, routine work as well as unique, one-time projects.

Correct AnswerverifiedShow Answer

The advent of many small projects has created the need for an organization that can support __________ management.

Correct AnswerverifiedmultiprojectExplanation: This climate h...View AnswerShow Answer

Leadership, teamwork, and negotiation are examples of the _________ dimension of the project management process.

Correct AnswerverifiedShow Answer

Ten years ago major universities offered only one or two classes in project management, primarily for engineers.

Correct AnswerverifiedShow Answer

Project managers are expected to ensure that appropriate trade-offs are made between the time, cost, and __________ requirements of the project.

Correct AnswerverifiedperformanceExplanation: Project manager...View AnswerShow Answer

In which of the following stages are you more likely to find status reports, many changes, and the creation of forecasts?

Correct AnswerverifiedShow Answer

Like most organizational effort, the major goal of a project is to __________.

Correct Answerverifiedsatisfy a customer's needExpl...View AnswerShow Answer

Which of the following activities is not considered a project?

Correct AnswerverifiedShow Answer

The final stage in the Project Life Cycle is the __________ stage.

Correct AnswerverifiedclosureExplanation: Closure i...View AnswerShow Answer

Which of these is not part of the "sociocultural dimension" of project management?

Correct AnswerverifiedShow Answer

The importance of project management has increased due to

Correct AnswerverifiedShow Answer

What is meant by an "Integrated Project Management Process"?

Correct AnswerverifiedAll efforts are focu...View AnswerShow Answer

The ________ is a professional organization for project management specialists.

Correct AnswerverifiedProject Management Institute (...View AnswerShow Answer

The waste on failed projects and cost overruns is estimated in the neighborhood of

Correct AnswerverifiedShow Answer

Which of the following statements is true?

Correct AnswerverifiedShow Answer

Identify and briefly describe the four stages of the Project Life Cycle.

Correct Answerverifiedsee list o...View AnswerShow Answer

A major portion of the project work, both physical and mental, takes place during the Production stage of the Project Life Cycle.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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new knowledge
Explanation: The growth in...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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multiproject
Explanation: This climate h...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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performance
Explanation: Project manager...
View Answer

Correct Answer
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Correct Answer
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satisfy a customer's need
Expl...
View Answer

Correct Answer
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Correct Answer
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closure
Explanation: Closure i...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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All efforts are focu...
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Correct Answer
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Project Management Institute (...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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see list o...
View Answer

Correct Answer
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