EBTM 343 All Chapters (1-11 and 13) || with A+ Guaranteed
Solutions.
5 Major Characteristics Of A Project correct answers 1. Established objective
2. Defined life span with beginning/end
3. Usually, involvement of several departments/professionals
4. Typically, doing something that has not been done before
5. Specific time, cost, performance requirements
2 Main Reasons Project Managers Need To Understand Organization's Mission/Strategy correct
answers 1. Make appropriate decisions/adjustments
2. Effectively advocate for projects
Project Management System Provides Framework For correct answers Launching/implementing
project activities in organization
Program correct answers Group of related projects designed to accomplish a common goal over
extended period of time
Strategic Management Process correct answers Describes how organization intends to compete
with available resources in existing/perceived future environment
One Approach To Organizing Projects Is To correct answers Manage them within existing
functional hierarchy of organization
Program Management correct answers Managing group of ongoing, interdependent, related
projects in coordinated way to achieve strategic objections
2 Major Dimensions Of Strategic Management correct answers 1. Responding to changes in
external environment
2. Allocating scarce resources of firm to improve competitive position
4 Major Advantages To Using Existing Functional Organization To Administer/Complete
Projects correct answers 1. No change
2. Flexibility
3. In-depth expertise
4. Easy post-project transition
No Change correct answers No radical alteration in design/operation
4 Activities Of Strategic Management Process correct answers 1. Review/define organizational
mission
2. Analyze/formulate strategies
3. Set objectives to achieve strategy
4. Implementing strategies through projects
,4 Parts Of Project Life Cycle correct answers 1. Definition
2. Planning
3. Execution
4. Delivery
Defining Stage correct answers Specifications of projects are defined; project objectives are
established; teams formed, major responsibilities assigned
Priority System correct answers Selects projects by using selected criteria to evaluate projects
linked to higher level strategies
Flexibility correct answers Switching staff among projects
Planning Stage correct answers Level of effort increases, plans are developed to determine what
project will entail, scheduling, benefits, maintained quality level, budget
Project Portfolio correct answers Group of projects that have been selected for implementation
balanced by project type, risk, ranking by selected criteria
In-Depth Expertise correct answers Experts help with crucial aspects of project
Easy Post-Project Transition correct answers Normal career path maintained
Executing Stage correct answers Major portion of project work takes place -physical/mental -
physical product produced, time, cost, specification measures used for control
5 Symptoms Of Organizational Struggles With Unclear Priorities correct answers 1. Frequent
conflicts among functional managers b/c lack of trust
2. Frequent meetings called to establish/renegotiate priorities
3. People shift from one project to another, depending on priority
4. People working on multiple projects feel insufficient
5. Resources are not adequate
3 Activities Of Closing Stage correct answers 1. Delivering project product to customer
2. Redeploying project resources
3. Post-project review
Sacred Cow correct answers Project favored by powerful management figure who is usually
project champion
4 Major Disadvantages For Organizing Projects correct answers 1. Lack of focus
2. Poor integration
3. Slow
4. Lack of ownership
, Project Managers Manage correct answers Temporary, non-repetitive activities, to complete
fixed life projects
Project Sponsor correct answers Typically high-ranking manager who champions/supports
project
Dedicated Project Team correct answers Organizational structure where all resources needed to
accomplish projects are assigned full time to project
Project Managers Provide correct answers Direction, coordination, integration to project team
3 Basic Kinds Of Products In Portfolio correct answers 1. Compliance
2. Operational
3. Strategic
Projectized Organization correct answers Multi-project organization where project managers
have full authority to assign priorities/direct work of employees
Centralization Entails Governance Of correct answers All project processes/practices to improve
project management
Compliance Project/Emergency correct answers Needed to meet regulatory conditions required
to operate in region
4 Strengths To Dedicated Project Team correct answers 1. Simple
2. Fast
3. Cohesive
4. Cross-functional integration
5 Rationale Points For Integration Of Project Management Provides Senior Management With
correct answers 1. Overview of all project management activities
2. Big picture of how organizational resources being used
3. Assessment of risk portfolio projects represents
4. Rough metric for measuring improvement of managing projects relative to others in industry
5. Linkages of senior management with actual project execution management
Operational Project correct answers Needed to support current operations
4 Weaknesses To Dedicated Project Team correct answers 1. Expensive
2. Internal strife
3. Limited technical expertise
4. Difficult post-project transition
Projectitis correct answers Condition where team members become strongly attached to
projects/disconnect from larger organization
Solutions.
5 Major Characteristics Of A Project correct answers 1. Established objective
2. Defined life span with beginning/end
3. Usually, involvement of several departments/professionals
4. Typically, doing something that has not been done before
5. Specific time, cost, performance requirements
2 Main Reasons Project Managers Need To Understand Organization's Mission/Strategy correct
answers 1. Make appropriate decisions/adjustments
2. Effectively advocate for projects
Project Management System Provides Framework For correct answers Launching/implementing
project activities in organization
Program correct answers Group of related projects designed to accomplish a common goal over
extended period of time
Strategic Management Process correct answers Describes how organization intends to compete
with available resources in existing/perceived future environment
One Approach To Organizing Projects Is To correct answers Manage them within existing
functional hierarchy of organization
Program Management correct answers Managing group of ongoing, interdependent, related
projects in coordinated way to achieve strategic objections
2 Major Dimensions Of Strategic Management correct answers 1. Responding to changes in
external environment
2. Allocating scarce resources of firm to improve competitive position
4 Major Advantages To Using Existing Functional Organization To Administer/Complete
Projects correct answers 1. No change
2. Flexibility
3. In-depth expertise
4. Easy post-project transition
No Change correct answers No radical alteration in design/operation
4 Activities Of Strategic Management Process correct answers 1. Review/define organizational
mission
2. Analyze/formulate strategies
3. Set objectives to achieve strategy
4. Implementing strategies through projects
,4 Parts Of Project Life Cycle correct answers 1. Definition
2. Planning
3. Execution
4. Delivery
Defining Stage correct answers Specifications of projects are defined; project objectives are
established; teams formed, major responsibilities assigned
Priority System correct answers Selects projects by using selected criteria to evaluate projects
linked to higher level strategies
Flexibility correct answers Switching staff among projects
Planning Stage correct answers Level of effort increases, plans are developed to determine what
project will entail, scheduling, benefits, maintained quality level, budget
Project Portfolio correct answers Group of projects that have been selected for implementation
balanced by project type, risk, ranking by selected criteria
In-Depth Expertise correct answers Experts help with crucial aspects of project
Easy Post-Project Transition correct answers Normal career path maintained
Executing Stage correct answers Major portion of project work takes place -physical/mental -
physical product produced, time, cost, specification measures used for control
5 Symptoms Of Organizational Struggles With Unclear Priorities correct answers 1. Frequent
conflicts among functional managers b/c lack of trust
2. Frequent meetings called to establish/renegotiate priorities
3. People shift from one project to another, depending on priority
4. People working on multiple projects feel insufficient
5. Resources are not adequate
3 Activities Of Closing Stage correct answers 1. Delivering project product to customer
2. Redeploying project resources
3. Post-project review
Sacred Cow correct answers Project favored by powerful management figure who is usually
project champion
4 Major Disadvantages For Organizing Projects correct answers 1. Lack of focus
2. Poor integration
3. Slow
4. Lack of ownership
, Project Managers Manage correct answers Temporary, non-repetitive activities, to complete
fixed life projects
Project Sponsor correct answers Typically high-ranking manager who champions/supports
project
Dedicated Project Team correct answers Organizational structure where all resources needed to
accomplish projects are assigned full time to project
Project Managers Provide correct answers Direction, coordination, integration to project team
3 Basic Kinds Of Products In Portfolio correct answers 1. Compliance
2. Operational
3. Strategic
Projectized Organization correct answers Multi-project organization where project managers
have full authority to assign priorities/direct work of employees
Centralization Entails Governance Of correct answers All project processes/practices to improve
project management
Compliance Project/Emergency correct answers Needed to meet regulatory conditions required
to operate in region
4 Strengths To Dedicated Project Team correct answers 1. Simple
2. Fast
3. Cohesive
4. Cross-functional integration
5 Rationale Points For Integration Of Project Management Provides Senior Management With
correct answers 1. Overview of all project management activities
2. Big picture of how organizational resources being used
3. Assessment of risk portfolio projects represents
4. Rough metric for measuring improvement of managing projects relative to others in industry
5. Linkages of senior management with actual project execution management
Operational Project correct answers Needed to support current operations
4 Weaknesses To Dedicated Project Team correct answers 1. Expensive
2. Internal strife
3. Limited technical expertise
4. Difficult post-project transition
Projectitis correct answers Condition where team members become strongly attached to
projects/disconnect from larger organization
