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PM 571 FINAL EXAM 7
$ 24.99
  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
    $24.99

    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 de

    Submitted on: 11 Aug, 2016 12:52:49 This tutorial has not been purchased yet .