PM 571 FINAL EXAM

1)      The structure that manages projects within the existing organizational structure is __________ organization.

Project

Balanced matrix

Functional

Strong matrix

Weak matrix

2) A series of coordinated, related, multiple projects that continue over extended time intended to achieve a goal is known as a:

Crusade



Program



Campaign



Venture



Strategy

3) Adverse weather, design flaws, and equipment breakdown can create negative slack. This is an example of reducing project duration caused by:

High overhead



Unforeseen project delays



Imposed project deadlines



Time to market



Incentive contracts

4) The project communication plan contains

Project team vacation schedule



Unapproved change requests



A list of reports to be distributed



An assessment of project risks



Detailed task assignments

5) In which of the following theories does the project group transition from a lower level to a higher level of performance about halfway through the project?

Five Stage Team Development Model



Nominal Group Technique



Synergistic Transition Development Model



Dysfunctional Transition Model



Punctuated Equilibrium Model of Group Development

6) In a resource-constrained project, which of the following is most likely to be changed?

Project quality



The budget



The completion date

7) American project managers have earned a reputation abroad for being very good at understanding technology but not good at understanding:

People



Cultures



Local traditions



Local business practices



Laws

8) _________ organization is a hybrid form in which a horizontal project management structure is overlaid in the normal functional hierarchy.

Functional



Project



Matrix



Balanced

9) The lowest element in the hierarchical breakdown of the WBS is

A work package



A cost account



An object



A lowest sub deliverable



A deliverable

10) A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000. What does this report tell you about the project?

We are doing a good job managing the project



We are spending less than we should for the project



We should check to see if all the bills have been paid



We can't be sure how the project is going

11) The project communication plan is usually created by

Team Member



Department Manager



Project Stakeholder



Project Sponsor



Project Manager

12) In which of the following stages is a major portion of the physical and mental project work performed?

Delivering



Planning



Defining



Executing



Conceptualizing

13) If the Project Manager needs additional resources for the project, he/she should seek approval from

Project Stakeholder



Project Sponsor



Project Team



Functional Manager



CEO

14) During the last two phases of a project's life cycle, the most significant source of conflict is:

Costs



Priorities



Schedules



Technical



Procedures

15) The earned value of a project is the:

Total project cost to date



Project cost to date adjusted for project scope changes



Percent of the original budget that has been earned by actual work



Cost incurred minus the planned cost

16) Project leadership is about coping with:

Monitoring results against plans



Formulating plans and objectives



Change



Taking corrective action when necessary

17) The final step in the creation of a Work Breakdown Structure is to



18) Develop the responsibility matrix

Develop the responsibility matrix



Assign the cost account to a manager



Code the WBS for tracking



Assign the work package to a manager



19) The first step in the project control process of the measurement and evaluation of project performance is to

Determine the project objectives



Review the project priority matrix



Analyze the project budget



Set a baseline plan



Determine the project deliverables



20) Two of the biggest challenges involved in managing a virtual project team are:

Time management and developing trust



The language barriers and time management



Developing trust and effective patterns of communication



The language barriers and developing effective patterns of communication



Time management and developing effective patterns of communication



21) The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as:

Resource Allocation Optimization



Project Priority Matrix Management



Portfolio Project Management



Project Management Optimization



Project Office Management



22) Sam the project engineer has been scheduled to run the product system test at the same time he is to build a marketing prototype. This is an example of a ______ constraint.

Physical



Scheduling



Technical



Resource



Time

23) Small refinements to the project that eventually build to be major changes are known as:

Continuous improvements



Specification adjustments



Scope creep



Specification refinements



Project erosion

24) Which of the following is considered a project indirect cost

Supervision



Equipment



Materials



Labor

25) From among the following activities, which is the best example of a project?

Producing automobiles



Writing a term paper



Completing a college degree



Processing insurance claims



26) To construct a high-quality, custom home within five months at costs not to exceed $150,000 is best classified as

A deliverable



A limit



An objective



An exclusion



A milestone

27) Audits are least likely to occur



When major milestones are reached

At identified spending level points

During specific stages in the project life cycle

When they are unplanned

28) Project Communication Plans address all the following core questions except:

* 

How will the project team be rewarded?*

* 

What information will be communicated?

* 

How will information be communicated?

* 

Who will receive the information?

* 

When will the information be communicated?

29) Communications difficulties because of different languages, social standards, and religious views are examples of which of the following environmental factors?

Cultural



Geographic



Security



Infrastructure



Legal/political



30) Which of the following is considered a project direct cost?

Supervision



Equipment



Interest



Consultants

31) If resources are not adequate to meet peak demands, the resulting reschedule is termed

Project resource adjustment



Resource-constrained scheduling



Bottleneck adjustment



Mandatory leveling



Time-constrained scheduling

32) Which of the following requires more management rather than leadership?

Taking corrective action



Changes in project scope



Breakdowns in coordination between people



MTechnological stalemates

33) In which of the following stages is it determined what the project will entail, when it will be scheduled, whom it will benefit, and what the budget will be?

Defining



Executing



Delivering



Conceptualizing



Planning

34) In reviewing the project plan, Susan sees that the first prototype is due by October 12. This would be best classified as a

Critical goal



Project objective



Limit item



Milestone



Project target

35) The most common response for meeting unattainable deadlines is to:

Implement the fast-tracking system



Fire the project manager



Hire more people



Shift to the critical chain



Reduce or scale back the scope of the project

36) The process of forecasting or approximating the time and cost of completing project deliverables is called

Planning



Predicting



Budgeting



Guesstimating



Estimating

37) A typical expectation in actual practice is that estimates should have a probability of being met ______ of the time.



95%



80%



98%



100%



90%

38) The last step in the Change Control Management process is



Negotiate and resolve conflicts



Formally disapprove changes



Track all changes that are to be implemented



Change the project schedule



Lodge a complaint

39) The most common response for meeting unattainable deadlines is to:

Reduce or scale back the scope of the project



Implement the fast-tracking system



Fire the project manager



Hire more people



Shift to the critical chain

40) In which of the following stages are project objectives established, teams formed, and major responsibilities assigned?

Defining



Delivering



Executing



Conceptualizing



Planning

41) Needs for a project could include telecommunications, transportation, power, and availability of technically skilled talent. This is an example of which of the following environmental factors?



Cultural



Economic



Geographic



Infrastructure



Legal/political

42) The method most frequently used in measuring project progress is the

75/25 percent rule



Percent complete rule



0/100 percent rule



50/50 percent rule



25/75 percent rule

43) A good benchmark to use as a time limit for conducting a project audit is

One week



Two weeks



One month



One day



Two months

44) Corrective actions that should take place would typically appear in the _____ section of the audit report.

Strategic objectives



Lessons learned



Analysis



Classification of project



Recommendations

45) The person responsible for tracking approved changes to the project is

Project Manager



Project Requestor



Project Team Member



Project Stakeholder



Project Sponsor

46) The project is running behind schedule, the best thing for the project manager to do is

Take corrective action



Apply for a transfer



Produce a Gantt Chart



Hire more resources

47) The method used to collect information to use through all phases of the project life cycle is called

Work breakdown structure



Organization breakdown structure



Priority matrix



Responsibility matrix



Work package

48) Which of the following is the easiest method for shortening project time?

Subcontract work



Reduce project scope



Schedule overtime



Reduce the quality



Assigning additional staff and equipment

49) In which of the following is the balance of authority strongly in favor of the functional managers?

Balanced matrix



Weak



Strong matrix



Strong

50) Which of the following is commonly associated with high-performing project teams?

A degree of competition among team members is encouraged



Roles and specific responsibilities are well-defined



Mistakes are viewed as opportunities for learning



Risk taking is controlled and not allowed to jeopardize the overall project



51) The first step of project scope definition is to

Define the overall objective to meet the customer's needs



Meet with team members



Analyze the current budget plan



Select team members



Analyze the strategic plan

52) In reviewing the project plan, Susan sees that the first prototype is due by October 12. This would be best classified as a

Limit item



Critical goal



Project objective



Project target



Milestone