PROJECT MANAGEMENT EXAM
QUESTIONS WITH 100% CORRECT
ANSWERS.
Project management today is: - Correct Answer - a flexible method for managing large or
small endeavors.
What are the three primary objectives of projects? - Correct Answer - Stay within budget,
within time constraints, within scope
The two primary tasks of the Project Manager are what? - Correct Answer - Managing
tradeoffs and anticipating and addressing risks to the project.
A universal characteristic of all projects is that projects are: - Correct Answer - unique
If the primary goal of a project is to produce 10 new widget designs, what might be an
important ancillary goal? - Correct Answer - Determine skill and creativity level of the design
department.
What is a "quasi-project"? - Correct Answer - A situation in which all of the three primary
project objectives are ill-defined.
Most of the credit for developing project management techniques belongs to: - Correct
Answer - the military.
Actual experience with PM indicates that _________ organizations using it claim to
experience better customer relations and increase in their ROI. - Correct Answer - a majority
of..
A common negative aspect of implementing PM is ... - Correct Answer - greater
organizational complexity
1
, Project Management has resulted in an overall ______. - Correct Answer - decline in the use
of traditional hierarchical management.
The largest amount of effort applied to a project is during the __________ phase. - Correct
Answer - planning, scheduling, monitoring, and control
Successful Project Management (PM) includes which of the following attributes: - Correct
Answer - Strongly relates to the organization's strategy, mission & goals.
Common problems in managing projects include which of the following? - Correct Answer -
Staying within budget, within time constraints, & within scope.
The PMBOK addresses project management maturity in 5 levels, and the highest level most
organizations achieve is which of the following? - Correct Answer - Organized - standardized
process & some predictable results
Project selection models should include which of the following? - Correct Answer -
Alignment with organization goals, ease of implementation, reasonable cost of
implementation
Firms usually have two or more projects, and this collection of projects is referred to as
________. - Correct Answer - a portfolio
What is the Sacred Cow model? - Correct Answer - Upper management's favorite model.
Which of the following project selection models focuses strongly on the long-term success of
the firm? - Correct Answer - Sustainability Model.
Numeric project selection models generally focus on: - Correct Answer - Profits and
profitability
An "Unweighted 0-1 Factor Model" has the advantage of: - Correct Answer - Simplicity.
The weighted Factor Scoring Model has the advantage of: - Correct Answer - Increased
attention to relative importance of each selection criterion.
2
QUESTIONS WITH 100% CORRECT
ANSWERS.
Project management today is: - Correct Answer - a flexible method for managing large or
small endeavors.
What are the three primary objectives of projects? - Correct Answer - Stay within budget,
within time constraints, within scope
The two primary tasks of the Project Manager are what? - Correct Answer - Managing
tradeoffs and anticipating and addressing risks to the project.
A universal characteristic of all projects is that projects are: - Correct Answer - unique
If the primary goal of a project is to produce 10 new widget designs, what might be an
important ancillary goal? - Correct Answer - Determine skill and creativity level of the design
department.
What is a "quasi-project"? - Correct Answer - A situation in which all of the three primary
project objectives are ill-defined.
Most of the credit for developing project management techniques belongs to: - Correct
Answer - the military.
Actual experience with PM indicates that _________ organizations using it claim to
experience better customer relations and increase in their ROI. - Correct Answer - a majority
of..
A common negative aspect of implementing PM is ... - Correct Answer - greater
organizational complexity
1
, Project Management has resulted in an overall ______. - Correct Answer - decline in the use
of traditional hierarchical management.
The largest amount of effort applied to a project is during the __________ phase. - Correct
Answer - planning, scheduling, monitoring, and control
Successful Project Management (PM) includes which of the following attributes: - Correct
Answer - Strongly relates to the organization's strategy, mission & goals.
Common problems in managing projects include which of the following? - Correct Answer -
Staying within budget, within time constraints, & within scope.
The PMBOK addresses project management maturity in 5 levels, and the highest level most
organizations achieve is which of the following? - Correct Answer - Organized - standardized
process & some predictable results
Project selection models should include which of the following? - Correct Answer -
Alignment with organization goals, ease of implementation, reasonable cost of
implementation
Firms usually have two or more projects, and this collection of projects is referred to as
________. - Correct Answer - a portfolio
What is the Sacred Cow model? - Correct Answer - Upper management's favorite model.
Which of the following project selection models focuses strongly on the long-term success of
the firm? - Correct Answer - Sustainability Model.
Numeric project selection models generally focus on: - Correct Answer - Profits and
profitability
An "Unweighted 0-1 Factor Model" has the advantage of: - Correct Answer - Simplicity.
The weighted Factor Scoring Model has the advantage of: - Correct Answer - Increased
attention to relative importance of each selection criterion.
2
