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PM 571 FINAL EXAM 2
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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

 

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  • PM 571 FINAL EXAM
    $19.99

    PM 571 FINAL EXAM Pin It 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

    Submitted on: 30 Jul, 2016 01:51:33 This tutorial has not been purchased yet .