BUS 395 Midterm Questions With Correct Answers

Which objective is true of projects? - Answer they have a unique purpose project integration management must occur just within the context of a particular project - Answer false When does payback occur? - Answer when the net cumulative benefits equal the net cumulative costs Steve, an engineer in a construction company, is at present working on a home construction project. The home is being built for the Robinson family, the owners of the home. Steve is working with his project team and support staff to ensure the project is completed on time. In such a scenario, the project sponsor is ___. - Answer the Robinson family an important tool for project scope management is ___. - Answer a work breakdown structure it is much more expensive to make major changes to a project during the earlier phases. - Answer false Which of the following is true of program managers? - Answer they provide leadership and direction for project managers heading the projects within a program in which of the following areas of management is payback analysis most likely to be used? - Answer cost a difference between strategic and tactical goals is: - Answer strategic goals are long-term in nature whereas tactical goals are short-term Joe is a project manager in an IT company and has over the years, gained substantial knowledge in his area of work. However, while managing his team, he often loses his temper. In addition, he fails to be an active listener when his team members approach him with work related challenges. In which of the following areas does Joe need to develop his skills in? - Answer human relations skills A ___ is an organizational group responsible for coordinating the project management function throughout an organization. - Answer project management office Which of the following refers to a set of principles that guides decision making based on personal values of what is considered right and wrong? - Answer ethics Which problem-solving approach requires defining the scope of a system, dividing it into its components, and then identifying and evaluating its problems, opportunities, constraints, and needs? - Answer systems analysis Which perspective of an organization focuses on different groups' roles and responsibilities in order to meet the goals and policies set by top management? - Answer structural frame a ___ is usually not necessary to the Scrum method, because Scrum implies that team members work as a self-directed group. - Answer team charter Grey's Infotech sells customized hardware and software solutions for businesses. The salespeople for Grey's have a strict dress code when meeting clients. They are required to wear dark business suits, in order to convey the company's dedication to quality. The meaning conveyed to the clients' through the salespeople's clothing is part of the ___ frame of the organization. - Answer symbolic