It 343 Midterm Questions with Verified Solutions

It 343 Midterm Questions with Verified Solutions What is project management? A. The ability to complete a task within a given amount of time B. The ability to complete a task within a given budget C. The ability to manage a temporary endeavor to create a unique product or service, on time and within budget D. The ability to administer a series of chronological tasks within a given amount of time and under budget C. The ability to manage a temporary endeavor to create a unique product or service, on time and within budget All of the following are project management process groups except for which one? A. Initiating B. Planning C. Implementing D. Monitoring and controlling C. Implementing You are a project manager in your organization and would like to present a project to management. What organizational component is most likely to review your project to determine if it is worthy of investment? A. Project sponsor B. Functional management C. Program managers D. Portfolio review board D. Portfolio review board Why must you interview the project decision makers before starting the project? A. To detail the budget of the project B. To determine the project results C. To gain their support and trust D. To determine the project completion date B. To determine the project results What is the purpose of the project charter? A. To launch the project team B. To identify the project manager C. To assign a budget to the project D. To authorize a project D. To authorize a project You are the project manager for your organization, and management has presented a new project to you. This project requires that you adhere to several government regulations for the project deliverable. In this instance, what are the government regulations considered? A. Scope B. Requirement C. Assumptions D. Standards B. Requirement Marci is a project manager in her organization and she is collecting requirements for a new project. She is working with Frances, an end user, to see how Frances is using the current software that Marci's project deliverable will replace. Marci asks Frances questions as she works, stops Frances to explore the purpose behind the software activities, and quizzes Frances on each step of the software activity. What is Marci doing in this instance? A. Gathering project requirements B. Exploring the learning curve C. Cross training D. Active observation D. Active observation You are helping to create the project charter. One of the elements you need to include is the high-level risks in your project. Which one of the following is the best definition of a risk? A. A potential event that can cause the project to lose time and monies B. An uncertain event or condition that can have a negative or positive effect on the project C. An uncertain event or condition that will cause the project to lose time and/or monies should it come into fruition D. A potential event or condition that may affect the project's ability to meet the project quality expectations B. An uncertain event of condition