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Approximately what percentage of the world's gross domestic product is spent on projects? A. 10% B. 25% C. 50% D. 75% 25%

Which of the following is not a potential advantage of using good project management? A. Shorter development times B. Higher worker morale C. Lower cost of capital D. Higher profit margins Lower cost of capital

A _______ is a temporary endeavor undertaken to create a unique product, service, or result. A. program B. process C. project D. portfolio Project

Which of the following is not an attribute of a project? A. projects are unique B. projects are developed using progressive elaboration C. projects have a primary customer or sponsor D. projects involve no uncertainty

projects involve no uncertainty

Which of the following is not part of the triple constraint of project management? A. meeting scope goals B. meeting time goals C. meeting communications goals D. meeting cost goals meeting communications goals

________ is the application of knowledge, skills, tools and techniques to project activities to meet project requirements A. Project management B. Program management C. Project portfolio management D. Requirements management Project management

Project portfolio management addresses ______ goals of an organizations, while project management addresses ______ goals. A. strategic, tactical B. tactical, strategic C. internal, external D. external, internal strategic, tactical

Several individual housing projects done in the same area by the same firm might best be managed as part of a _____ A. portfolio B. program

C. investment D. collaborative program

What is the most significant characteristic or attribute of an effective project manager? A. is a strong communicator C. is decisive C. is visionary D. leads by example leads by example

A large company continues to be successful by providing new products and services for its market niche or brides. What is its main competitive strategy? A. cost leadership B. quality C. focus D. customer service focus

The last step in the four-stage planning process for projects is __________ A. resource allocation B. project planning C. business area analysis D. strategic planning resource allocation

Which of the following statements is true? A. You must pay a fee to use Microsoft Project 2013, BaseCamp, and MindView Business Software with this text.

B. You cannot earn the Certified Associate in Project Management (CAPM) without having work experience. C. Students can not join PMI for a reduced fee. D. The need for project managers is evident in recent studies and job postings. D. The need for project managers is evident in recent studies and job postings.

Upgrade to remove ads Only CA$3.75/month __________ is the tenth project management knowledge area, according to PMI. A. Project integration management B. Project stakeholder management C. Project portfolio management D. Project risk management B. Project stakeholder management

__________ is a totally online project management tool that does not require Windows. A. All answers are correct B. Microsoft Project 2013 C. Basecamp D. MindView Business C. Basecamp

A ________ would be the best choice for managing a group of related projects, such as a different types of buildings. A. program B. superproject C. portfolio D. plan

A. program

Even though a company might work on similar projects over and over again, such as building houses, providing training courses, or developing specific types of products, there are unique challenges because all projects involve ____________. A. people B. uncertainty C. competition D. progressive elaboration B. uncertainty

Which of the following questions would not be addressed by project portfolio management but by project management? A. Are projects on time and on budget? B. Do we have the right resources to be competitive? C. Are we working on the right projects? D. Are we working in the right areas? A. Are projects on time and on budget?

Which of the following is considered to be a "super tool" or tool that has high use and high potential for improving project success? A. lessons-learned reports B. net present value C. risk registers D. quality metrics A. lessons-learned reports

According to a study by Pricewaterhouse Coopers, approximately what percentage of projects fail? A. one-half

B. three-quarters C. one-quarter D. one-third A. one-half

The CHAOS studies defined project success based on __________________. A. the results meeting its main objectives B. all answers are correct C. meeting scope, time, and cost goals D. satisfying the customer/sponsor C. meeting scope, time, and cost goals

There are _____ project management process groups. A. four B. eight C. ten D. five D. five

The ___________ is equal to benefits minus costs. A. breakeven point B. cash flow C. opportunity cost of capital D. net present value B. cash flow

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Only CA$3.75/month Assuming the value of a dollar is worth more today than in the future, the net present value of a multi-year project should be _______ the sum of its cash flows. A. less than B. the same as C. more than D. double A. less than

If a project cost is only $100 up front and its annual benefits are $20/year, what is its payback period? A. 4 years B. 3 years C. 5 years D. 6 years C. 5 years

What should be the last stage in the planning project for project selection? A. strategic planning B. business area analysis C. project planning D. resource allocation D. resource allocation

You can use Excel's ________ function to find the internal rate of return of a project by setting the NPV to zero and varying the discount rate. A. solver B. goal seek C. ROR

D. scenario manager B. goal seek

What is the name of the software you can use to create mind maps and use a special 60-day trial from www.matchware.com/intropm? A. Microsoft Project B. Matchmaker C. MindView Business D. Basecamp C. MindView Business

You can create a __________ with branches radiating out from a core idea to help perform a SWOT analysis. A. star diagram B. mind map C. strategy tree D. network diagram B. mind map

If a weighted score for a project is based on just two criteria, fit with strategy, weighted 60% and ROI, weighted 40%, what would be the weighted score for a project with scores of 80 on fit with strategy and 50 on ROI? A. 75 B. 68 C. 71 D. 58 B. 68

A ___________ is a project selection methodology that converts an organization's value drivers to a series of defined metrics.

A. weighted scoring model B. value matrix C. project dashboard D. balanced scorecard D. balanced scorecard

What does the S stand for in a SWOT analysis? A. strengths B. systems C. strategy D. solutions A. strengths

How should you manage stakeholders with a high interest in your project and a high amount of power? A. manage closely B. keep informed C. keep satisfied D. monitor A. manage closely

Upgrade to remove ads Only CA$3.75/month _______ is the leading agile development model for completing projects with a complex, innovative scope of work. A. Scrum B. Lean C. Six Sigma

D. RUP A. Scrum

In which process group do you normally produce the main deliverables of a project? A. planning B. executing C. initiating D. closing B. executing

4) What pre-initiating document can be written to justify investing in a project? A. a project charter B. a loan application C. a business plan D. a business case D. a business case

What project management methodology is the defacto standard in the U.K. and is used in over 50 countries? A. Six Sigma B. PRINCE2 C. RUP D. Agile B. PRINCE2

Which of the following is not a project management process group? A. initiating B. planning C. costing

D. executing C. costing

What section of a kick-off meeting agenda (or any other meeting agenda) helps you focus on results of the meeting? A. meeting objective B. meeting minutes C. signatures D. action items D. action items

The __________ section of a project charter is important because it acknowledges stakeholder agreement on the need for a project. A. justification B. objectives C. success criteria D. sign-off D. sign-off

Based on a 2014 study, approximately what percent of U.S. companies have project management offices? A. 64% B. 34% C. 80% D. 90% C. 80%

In which knowledge area do the best or alpha project managers spend almost twice as much time as typical project managers? A. controlling

B. analyzing C. planning D. executing C. planning

What document can you create to help promote teamwork and clarify team communications? A. team WBS B. responsibility assignment matrix C. team communications management plan D. team contract D. team contract

Upgrade to remove ads Only CA$3.75/month What is the first process in project scope management? A. plan scope management B. collect requirements C. define scope D. create WBS A. plan scope management

A _____________ is a table that lists requirements, various attributes of each requirement, and the status of the requirements. A. risk register B. requirements register C. milestone list D. requirements traceability matrix

D. requirements traceability matrix

A __________________ is a condition or capability that must be met by the project or present in the product, service, or result to satisfy an agreement or other formally imposed specification. A. requirement B. scope statement C. quality checklist D. WBS A. requirement

Which of the following is not part of a scope baseline? A. work package B. WBS C. WBS dictionary D. scope statement A. work package

A project management plan is the main output of the project ______________ knowledge area. A. integration B. scope C. communications D. planning A. integration

The level under the entire project is called level _________ in a WBS. A. 0 B. 1

C. 2 D. 3 C. 2

Which of the following is good wording for items on a WBS? A. clear construction site B. construction site clearing C. pour cement D. cement poured B. construction site clearing

How many of the ten project management knowledge areas include planning tasks? A. 9 B. 8 C. 7 D. 10 D. 10

You develop a WBS by analyzing a similar project. You are using the _________ approach. A. copy-cat B. guidelines C. SMART D. analogy D. analogy

A(n) ________ is a distinct, scheduled portion of work performed during the course of a project. A. activity

B. work package C. task D. all answers are correct A. activity

Upgrade to remove ads Only CA$3.75/month If you have only two paths through a project network diagram where path 1 has a length of 20 weeks and path 2 has a length of 30 weeks, what is the estimated duration of the project? A. 20 weeks B. 30 weeks C. 25 weeks D. There is not enough information to answer. B. 30 weeks

Project teams often create a ____________ to ensure that all major activities are accounted for. A. Gantt chart B. milestone list C. project steering committee D. checklist B. milestone list

Which number should be shortest when creating a three-point estimate? A. the optimistic time B. the most likely time C. the pessimistic time

D. the critical path A. the optimistic time

A cost baseline is a time-phased ______ that project managers use to measure and monitor cost performance. A. estimate B. variance C. critical path D. budget D. budget

There is usually no ________ or duration associated with a milestone. A. cost B. resource C. verb D. dependency A. cost

What activity was on the critical path for building Disney's Animal Kingdom theme park? A. obtaining funding B. acquiring animals C. building the tree of life D. growing grass D. growing grass

What is the formula for determining a PERT weighted average? A. (optimistic time + 4 x most like time + pessimistic time)/6 B. (optimistic time + 6 x most like time + pessimistic time)/4 C. (optimistic time + 4 x most like time + pessimistic time)/4

D. (optimistic time + 6 x most like time + pessimistic time)/6 A. (optimistic time + 4 x most like time + pessimistic time)/6

A project schedule network diagram is an output of the ___________ time management planning process. A. define activities B. estimate activity resources C. sequence activities D. estimate activity durations C. sequence activities

Which cost estimating technique would you be using if you estimate the cost of materials based on the number of square feet? A. analogous B. top-down C. parametric modeling D. bottom-up C. parametric modeling

What section of a communications management plan describes how issues should be resolved? A. issue log B. revision procedures C. escalation procedures D. arbitration procedures C. escalation procedures

The ________ Acquisition Regulation provides uniform policies for acquisition of supplies and services by executive agencies in the U.S. A. Government

B. Federal C. Procurement D. National B. Federal

What document graphically shows how many and what type of resources are estimated to be needed on a project over time? A. staffing management plan B. project organizational chart C. RACI chart D. resource histogram D. resource histogram

On a RACI chart, which letter can only appear once for a task? A. R B. A C. C D. I B. A

Achieving an average course evaluation of at least 3.0 on a 5.0 scale is an example of one of these. A. requirement B. dashboard C. metric D. outcome C. metric

You bought a laptop assuming it had application software loaded so you could use it right away, but it did not. What quality consideration did the laptop not meet? A. conformance to requirements B. fitness for use C. quality control D. quality metric B. fitness for use

Who determines what quality level is acceptable on a project? A. the sponsor B. the customer C. the project manager D. the project team B. the customer

__________________ reserves are funds held for unknown risks that are not included in the cost baseline. A. Emergency B. Fallback C. Contingency D. Management D. Management

Most project ______________ use red, yellow, and green to indicate the status of each metric. A. control charts B. dashboards C. control panels D. risk registers

B. dashboards

A ______________ is the real or underlying reason a problem occurs. A. root cause B. trigger C. symptom D. risk event A. root cause

What report is often used to summarize work performance data during execution? A. project dashboard B. milestone report C. execution report D. project summary report B. milestone report

The majority of a project's time and budget is spent on _______________. A. planning B. executing C. monitoring and controlling D. change requests B. executing

What type of diagram, also called a fishbone or Ishikawa diagram, helps find the root cause of a quality problem? A. cause-and-effect diagram B. quality control chart C. benchmarking chart D. Pareto diagram

A. cause-and-effect diagram

Which of the following is not considered to be a motivator according to Daniel Pink? A. autonomy B. mastery C. purpose D. money D. money

How did Kristin handle the problem of a lack of motivation by Jamie on the Just-In-Time Training project? A. She challenged her to work harder. B. She provided incentives for good work. C. She threatened to fire her if she didn't improve. D. She found a replacement for her. D. She found a replacement for her.

What is the name of a newer conflict-handling mode where decision makers incorporate different viewpoints and insights to develop consensus and commitment? A. confrontation B. compromise C. collaborating D. consensus C. collaborating

You get tested at a gym to see how your physical fitness compares to others your age. This is an example of ___________. A. peer pressure B. standard deviation

C. quality control D. benchmarking D. benchmarking

If a project team has six people, how many two-way communications channels are there? A. 12 B. 15 C. 18 D. 20 B. 15

People with a high need for _________ need regular feedback and often prefer to work alone or with other people like them. A. achievement B. affiliation C. power D. self esteem A. achievement

When should a process for handling change requests be defining for a project? A. during initiating B. during planning C. during execution D. during monitoring and controlling B. during planning

People with this Myers-Briggs dimension prefer detailed schedules and focus on task completion.

A. E (extrovert) B. I (introvert) C. J (judgment) D. P (perception) C. J (judgment)

If a project is running behind schedule and over budget, where will the estimate at completion point be on the earned value chart relative to the budget at completion point? A. above and to the right B. above and to the left C. below and to the right D. below and to the left A. above and to the right

Which one knowledge area does not include tasks related to monitoring and controlling? A. project communications management B. project human resource management C. project risk management D. project procurement management B. project human resource management

You want to see if there is a relationship between two variables, like time of day and worker productivity. What type of quality control tool could you use to visualize this information? A. control chart B. run chart C. scatter diagram D. Pareto diagram C. scatter diagram

A ____________ chart compares planned and actual project schedule information. A. Gantt B. tracking Gantt C. comparison Gantt D. performance Gantt B. tracking Gantt

If the budget at completion for a project is $200,000 and the cost performance index is .5, what is the estimate at completion? A. $180,000 B. $100,000 C. $300,000 D. $400,000 D. $400,000

____________ is an estimate of the work performed expressed in terms of the budget authorized for that work. A. Planned value B. Actual cost C. Earned value D. Rate of performance C. Earned value

A _______________ deliverable has been completed and checked for correctness as part of quality control. A. verified B. qualified C. accepted

D. validated D. validated

If seven data points in a row are all below the mean, above the mean, increasing, or decreasing, it is a violation of __________________. A. the seven run rule B. the seven points rule C. a normal distribution D. standard deviation A. the seven run rule

Changes related to procured items should be _________________. A. approved in the same way that the original part of the plan was approved B. evaluated using a stakeholder analysis C. approved verbally D. paid for in advance A. approved in the same way that the original part of the plan was approved

It is good practice to hold a ____________ meeting as part of closing. A. kick-off B. field-goal C. close-out D. closed-door C. close-out

Some people call a close-out meeting a ______________ meeting. A. post-project B. post-partem C. post-mortem

D. party-time C. post-mortem

Which knowledge area includes the closing process called close project or phase? A. project integration management B. project procurement management C. project scope management D. project communications management A. project integration management

An example of closing a project by _________ is when a...