Project Management

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A _______________ is a temporary endeavor undertaken to create a unique product, service, or result.

Student ResponseValue
A.program
B.process
C.project100%
D.portfolio

Score:2/2

Which of the following is not an attribute of a project?

Student ResponseValue
A.projects are unique
B.projects are developed using progressive elaboration
C.projects have a primary customer or sponsor
D.projects involve no uncertainty100%

Score:2/2

Which of the following is not part of the triple constraint of project management?

Student ResponseValue
A.meeting scope goals
B.meeting time goals
C.meeting communications goals100%
D.meeting cost goals

Score:2/2

Project portfolio management addresses _______________ goals of an organization, while project management addresses _______________ goals.

Student ResponseValue
A.strategic, tactical100%
B.tactical, strategic
C.internal, external
D.external, internal

Score:2/2

What is the most significant characteristic or attribute of an effective project manager?

Student ResponseValue
A.is a strong communicator
B.is decisive
C.is visionary
D.leads by example100%

Score:2/2

A ________ is a group of related projects managed in a coordinated way to obtain benefits and control that are not available from managing them individually.

Student ResponseValue
A.project
B.program100%
C.portfolio
D.plan

Score:2/2

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 ____________.

Student ResponseValue
A.people
B.competition
C.progressive elaboration
D.uncertainty100%

Score:2/2

Which of the following questions would not be addressed by project portfolio management?

Student ResponseValue
A.Are we working on the right projects?
B.Are we working in the right areas?
C.Are projects on time and on budget?100%
D.Do we have the right resources to be competitive?

Score:2/2

A project _____________ usually provides the direction and funding for a project.

Student ResponseValue
A.champion
B.manager
C.sponsor100%
D.Investor

Score:2/2

The PMBOK® Guide suggestions five typical project constraints; scope, time, and cost (often referred to as the triple constraint) along with ______________.

Student ResponseValue
A.communications and risk
B.risk and human resources
C.quality and communications
D.quality and risk100%

Score:2/2

The project ____________ is/are the people involved in or affected by project activities.

Student ResponseValue
A.team
B.steering committee
C.stakeholders100%
D.Community

Score:2/2

In addition to meeting scope, time, and cost goals, another way to measure project success includes ___________.

Student ResponseValue
A.increasing shareholder value
B.increasing productivity
C.satisfying the customer/sponsor100%
D.innovation

Score:2/2

In project portfolio management organizations group and mange projects and programs as a portfolio of investments that contribute to the entire enterprise's ___________.

Student ResponseValue
A.profitability
B.reputation
C.success100%
D.mission

Score:2/2

Which of the following statements is false concerning the financial analysis of projects?

Student ResponseValue
A.The higher the net present value the better.
B.A shorter payback period is better than a longer one.
C.The required rate of return is the discount rate that results in an NPV of zero for the project.100% D.ROI is the result of subtracting the project costs from the benefits and then dividing by the costs.

Score:2/2

Which...
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