IME 456 EXAM I QUIZZES QUESTIONS AND ANSWERS
Project Objective - CORRECT ANSWER✅✅The _______________ usually states the time by which a
project scope must be completed in terms of the specific date agreed upon by the sponsor.
False - CORRECT ANSWER✅✅T/F: People are the only resource used in a project.
True - CORRECT ANSWER✅✅T/F: When establishing the project objectives, the objective must be
agreed upon by the project sponsor.
True - CORRECT ANSWER✅✅T/F: The sponsor provides funds to accomplish the project.
True - CORRECT ANSWER✅✅T/F: The project scope document should include a list of deliverables and
associated acceptance criteria.
True - CORRECT ANSWER✅✅T/F: The amount the sponsor has agreed to pay for acceptable project
deliverables is the project budget.
Closing Phase - CORRECT ANSWER✅✅Projects documents are typically organized and archived during
the ____________
False - CORRECT ANSWER✅✅T/F: The level of effort is typically the same for all four phases of the
generic project life cycle.
True - CORRECT ANSWER✅✅T/F: Resources can include people, organizations, equipment, materials,
and facilities.
True - CORRECT ANSWER✅✅T/F: The project objective requires completing the project work scope and
producing all the deliverables by a certain time and within budget.
True - CORRECT ANSWER✅✅T/F: The Project Management Institute is a worldwide not-for-profit
organization of practitioners that certifies project management professionals.
, True - CORRECT ANSWER✅✅T/F: A project is a temporary endeavor undertaken to create a unique
product, service, or result.
Preforming Phase - CORRECT ANSWER✅✅The project plan is executed in the ___________
Risk Management - CORRECT ANSWER✅✅A ______________ plan must be developed that identifies
and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and
delineates responses for dealing with risks.
True - CORRECT ANSWER✅✅T/F: A person or organization responsible for each work item should be
identified to assign responsibility to while planning the project.
Preforming Phase - CORRECT ANSWER✅✅Typically the vast majority of the actual "work" or "effort" to
achieve the project objective is spent during the ________________.
True - CORRECT ANSWER✅✅T/F: The project scope is all the work that must be done in order to
produce all the project deliverables, satisfy the customer, and accomplish the project objective.
True - CORRECT ANSWER✅✅T/F: The sponsor provides funds to accomplish the project.
A) Emptying the recycling bins everyday - CORRECT ANSWER✅✅Which of the following is not an
example of a project?
A) Emptying the recycling bins everyday
B) Raising money for a disaster relief trip
C) Creating a website for a company
D) Starting-up a restaurant
Initiating Phase - CORRECT ANSWER✅✅Projects are identified and selected to be "funded" or actually
"completed" in the ____________.
Project Objective - CORRECT ANSWER✅✅The _______________ usually states the time by which a
project scope must be completed in terms of the specific date agreed upon by the sponsor.
False - CORRECT ANSWER✅✅T/F: People are the only resource used in a project.
True - CORRECT ANSWER✅✅T/F: When establishing the project objectives, the objective must be
agreed upon by the project sponsor.
True - CORRECT ANSWER✅✅T/F: The sponsor provides funds to accomplish the project.
True - CORRECT ANSWER✅✅T/F: The project scope document should include a list of deliverables and
associated acceptance criteria.
True - CORRECT ANSWER✅✅T/F: The amount the sponsor has agreed to pay for acceptable project
deliverables is the project budget.
Closing Phase - CORRECT ANSWER✅✅Projects documents are typically organized and archived during
the ____________
False - CORRECT ANSWER✅✅T/F: The level of effort is typically the same for all four phases of the
generic project life cycle.
True - CORRECT ANSWER✅✅T/F: Resources can include people, organizations, equipment, materials,
and facilities.
True - CORRECT ANSWER✅✅T/F: The project objective requires completing the project work scope and
producing all the deliverables by a certain time and within budget.
True - CORRECT ANSWER✅✅T/F: The Project Management Institute is a worldwide not-for-profit
organization of practitioners that certifies project management professionals.
, True - CORRECT ANSWER✅✅T/F: A project is a temporary endeavor undertaken to create a unique
product, service, or result.
Preforming Phase - CORRECT ANSWER✅✅The project plan is executed in the ___________
Risk Management - CORRECT ANSWER✅✅A ______________ plan must be developed that identifies
and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and
delineates responses for dealing with risks.
True - CORRECT ANSWER✅✅T/F: A person or organization responsible for each work item should be
identified to assign responsibility to while planning the project.
Preforming Phase - CORRECT ANSWER✅✅Typically the vast majority of the actual "work" or "effort" to
achieve the project objective is spent during the ________________.
True - CORRECT ANSWER✅✅T/F: The project scope is all the work that must be done in order to
produce all the project deliverables, satisfy the customer, and accomplish the project objective.
True - CORRECT ANSWER✅✅T/F: The sponsor provides funds to accomplish the project.
A) Emptying the recycling bins everyday - CORRECT ANSWER✅✅Which of the following is not an
example of a project?
A) Emptying the recycling bins everyday
B) Raising money for a disaster relief trip
C) Creating a website for a company
D) Starting-up a restaurant
Initiating Phase - CORRECT ANSWER✅✅Projects are identified and selected to be "funded" or actually
"completed" in the ____________.
