ISOM 300 - TEST 1 QUESTIONS &
ANSWERS|| 2025 LATEST UPDATE||
VERIFIED A+
What is a project? - ANSWERA temporary endeavor undertaken to create a unique
product, service, or result.
What are the main characteristics of a project? - ANSWER- an established objective
- defined life span with a beginning and an end
- usually, it has interdisciplinary involvement
-typically doing something new
- specific time, cost, and performance requirements
what are the 5 main project process groups (also known as project phases)? -
ANSWER- Initiating
- Planning
- Executing
- Monitoring
- Closing
Scope Statement - ANSWERPlanning process
Project Charter - ANSWERInitiating process
Analysis of project progress comparing cost baseline vs actual expenditure -
ANSWERMonitoring process
Stakeholder register - ANSWERInitiating process
What are the three groups/types of skills a Project manager should have? - ANSWER-
technical project management
- leadership
- strategic & business management
What is an Agile project management approach? - ANSWER-Deliver to customer ASAP
-Iterative: allows feedback on unfinished work
- Incremental: create deliverables throughout
What is a traditional project management approach? - ANSWER-Plan project in detail in
the beginning
-Deliver entire project to customer at end
, What is the difference between traditional and agile approach? - ANSWERAgile wants
to get product to customer as fast as they can. Traditional approach allows the project
to be fully completed before delivering to the customer.
What are the 3 organizational structures? - ANSWERfunctional, project, matrix
In which organizational structure does the project manager have a higher level of
authority? - ANSWERproject organization
In the matrix organizational structure does the functional manager have authority? Does
the project manager have authority? - ANSWERyes, and no
This company requires the independent development of each project. However, for an
efficient work the company should have different departments that are managed by their
own functional managers. What is the organizational structure of this company? -
ANSWERmatrix organization
Stakeholder - ANSWERIndividuals and organizations that are actively involved in a
project, or whose interests may be positively or negatively affected as a result of project
execution or completion. They may also exert influence over the project and its results.
John is the project manager of a project that has a specific completion date. After a
discussion with top management, the decisions made showed that while the completion
date is important, the cost is more important and a slip in the finish time would not be
acceptable if required to meet the cost targets. In this case, what would be the
classification in the priority matrix for the time and cost? - ANSWERtime = accept
cost = constrain
What is the objective of the communications plan? - ANSWER- stakeholder
identification and analysis
- communications vehicle
RACI Matrix - what does it mean to be responsible, accountable, consulted, and
informed? - ANSWER-R= responsible, those who do the work
-A=accountable, the one who has final approving authority
-C=consulted, those whose opinions are sought, subject matter experts
-I=informed, those who are kept up to date on progress
In your risk management plan what is the name of the document/form you use to
identify and classify the risks? - ANSWERrisk register
WBS (Work Breakdown Structure) - ANSWERlist of tasks to be completed
ANSWERS|| 2025 LATEST UPDATE||
VERIFIED A+
What is a project? - ANSWERA temporary endeavor undertaken to create a unique
product, service, or result.
What are the main characteristics of a project? - ANSWER- an established objective
- defined life span with a beginning and an end
- usually, it has interdisciplinary involvement
-typically doing something new
- specific time, cost, and performance requirements
what are the 5 main project process groups (also known as project phases)? -
ANSWER- Initiating
- Planning
- Executing
- Monitoring
- Closing
Scope Statement - ANSWERPlanning process
Project Charter - ANSWERInitiating process
Analysis of project progress comparing cost baseline vs actual expenditure -
ANSWERMonitoring process
Stakeholder register - ANSWERInitiating process
What are the three groups/types of skills a Project manager should have? - ANSWER-
technical project management
- leadership
- strategic & business management
What is an Agile project management approach? - ANSWER-Deliver to customer ASAP
-Iterative: allows feedback on unfinished work
- Incremental: create deliverables throughout
What is a traditional project management approach? - ANSWER-Plan project in detail in
the beginning
-Deliver entire project to customer at end
, What is the difference between traditional and agile approach? - ANSWERAgile wants
to get product to customer as fast as they can. Traditional approach allows the project
to be fully completed before delivering to the customer.
What are the 3 organizational structures? - ANSWERfunctional, project, matrix
In which organizational structure does the project manager have a higher level of
authority? - ANSWERproject organization
In the matrix organizational structure does the functional manager have authority? Does
the project manager have authority? - ANSWERyes, and no
This company requires the independent development of each project. However, for an
efficient work the company should have different departments that are managed by their
own functional managers. What is the organizational structure of this company? -
ANSWERmatrix organization
Stakeholder - ANSWERIndividuals and organizations that are actively involved in a
project, or whose interests may be positively or negatively affected as a result of project
execution or completion. They may also exert influence over the project and its results.
John is the project manager of a project that has a specific completion date. After a
discussion with top management, the decisions made showed that while the completion
date is important, the cost is more important and a slip in the finish time would not be
acceptable if required to meet the cost targets. In this case, what would be the
classification in the priority matrix for the time and cost? - ANSWERtime = accept
cost = constrain
What is the objective of the communications plan? - ANSWER- stakeholder
identification and analysis
- communications vehicle
RACI Matrix - what does it mean to be responsible, accountable, consulted, and
informed? - ANSWER-R= responsible, those who do the work
-A=accountable, the one who has final approving authority
-C=consulted, those whose opinions are sought, subject matter experts
-I=informed, those who are kept up to date on progress
In your risk management plan what is the name of the document/form you use to
identify and classify the risks? - ANSWERrisk register
WBS (Work Breakdown Structure) - ANSWERlist of tasks to be completed
