ISOM 3010 - Midterm || Acknowledged Answers 100%.
A company that has a Project Management Office is most likely using a __________
organization structure. correct answers Matrix
Because of changing market conditions, a company developing a new product has been forced to
move its product launch to an earlier date. As a result, which constraint(s) of the project may be
potentially impacted? correct answers Time, Cost, Scope.
__________ process group is responsible for coordinating all resources when implementing the
project plan. correct answers Executing
Every project faces the Triple Constraint - What are the 3 constraints? correct answers Scope,
Time and Cost
A professional organization for project management specialists is the correct answers PMI
Which stakeholder within an organization communicates with the Project Manager? correct
answers Project Team Member, Senior Executive & Functional Manager.
-Senior Executives provide sponsorship and money to the project
-Functional managers give them resources/
-Project Team member provides work for the project manager.
Which of the following activities is NOT considered to be considered a project?
-Developing a new software program
-Preparing the site for the Olympic Games
-Designing a space station
-Running the assembly line at a factory
-Developing a new advertising program correct answers Running the assembly line at a factory
,MegaComputers Inc., is organized around projects and has assigned a project manager for each
of the five new-projects. The managers, as well as the project team members, work on the
projects on a full-time basis. The structure being used is ________. correct answers project-based
Bill is working on a project involving the replacement of the assembly line at the factory. The
project is being managed primarily by the operations department, with the project manager
reporting to the head of the operations department. The project is most likely being managed in a
_________ organization structure. correct answers functional
__________ process group is responsible for selecting a project to implement and authorize the
beginning of the project. correct answers Initiating
What is a Project? correct answers A temporary endeavor undertaken to create a unique
product or service or result (PMI)
What are the key characteristics of a Project? correct answers Established objective
Temporary (start & end date)
Unique
Progressive elaboration: development in steps Specific time cost and performance requirements
Three main types of organizational structure correct answers Functional
Project-based
Matrix
In addition to scope, time, and cost, which criteria is often mentioned as an additional key factor
of many projects? correct answers Quality
What is Functional organization structure? correct answers Organization organized around
functions (i.e. marketing, sco, IT, etc.)
, Senior managers will be responsible for project coordination.
What is Project-based organization structure? correct answers Organized completely around
projects and sometimes its mere existence is only for one particular project (the Olympic games
for example).
Project organizational structure refers to the creation of an independent project team, the team's
management is separated from the parent organization's other units, have their own technical
staff and management, enterprise assigns certain resources to project team, and grant project
manager of the largest free implementation of the project .
What is Matrix organization structure? correct answers Matrix organizational structure is a
hybrid form, it loads a level of project management structure on the functional hierarchical
structure. Has a Management project office.
According to the relative power of project managers and functional managers, in practice there
are different types of matrix systems, respectively,
Functional Matrix: in this matrix, functional managers have greater powers than project
managers
Project Matrix: in this matrix, project managers have greater powers than functional managers
Balance Matrix: in this matrix, functional managers and project managers have the equal powers.
What is Project Management? correct answers the discipline of organizing and managing
resources in such a way that the project is completed within defined scope, quality, time and cost
constraints
Is Project Management an art or science? correct answers Both.
-Science cause of technical (Scope, WBS, Schedules)
-Art cause of Social-cultural (leadership, teamwork).
A company that has a Project Management Office is most likely using a __________
organization structure. correct answers Matrix
Because of changing market conditions, a company developing a new product has been forced to
move its product launch to an earlier date. As a result, which constraint(s) of the project may be
potentially impacted? correct answers Time, Cost, Scope.
__________ process group is responsible for coordinating all resources when implementing the
project plan. correct answers Executing
Every project faces the Triple Constraint - What are the 3 constraints? correct answers Scope,
Time and Cost
A professional organization for project management specialists is the correct answers PMI
Which stakeholder within an organization communicates with the Project Manager? correct
answers Project Team Member, Senior Executive & Functional Manager.
-Senior Executives provide sponsorship and money to the project
-Functional managers give them resources/
-Project Team member provides work for the project manager.
Which of the following activities is NOT considered to be considered a project?
-Developing a new software program
-Preparing the site for the Olympic Games
-Designing a space station
-Running the assembly line at a factory
-Developing a new advertising program correct answers Running the assembly line at a factory
,MegaComputers Inc., is organized around projects and has assigned a project manager for each
of the five new-projects. The managers, as well as the project team members, work on the
projects on a full-time basis. The structure being used is ________. correct answers project-based
Bill is working on a project involving the replacement of the assembly line at the factory. The
project is being managed primarily by the operations department, with the project manager
reporting to the head of the operations department. The project is most likely being managed in a
_________ organization structure. correct answers functional
__________ process group is responsible for selecting a project to implement and authorize the
beginning of the project. correct answers Initiating
What is a Project? correct answers A temporary endeavor undertaken to create a unique
product or service or result (PMI)
What are the key characteristics of a Project? correct answers Established objective
Temporary (start & end date)
Unique
Progressive elaboration: development in steps Specific time cost and performance requirements
Three main types of organizational structure correct answers Functional
Project-based
Matrix
In addition to scope, time, and cost, which criteria is often mentioned as an additional key factor
of many projects? correct answers Quality
What is Functional organization structure? correct answers Organization organized around
functions (i.e. marketing, sco, IT, etc.)
, Senior managers will be responsible for project coordination.
What is Project-based organization structure? correct answers Organized completely around
projects and sometimes its mere existence is only for one particular project (the Olympic games
for example).
Project organizational structure refers to the creation of an independent project team, the team's
management is separated from the parent organization's other units, have their own technical
staff and management, enterprise assigns certain resources to project team, and grant project
manager of the largest free implementation of the project .
What is Matrix organization structure? correct answers Matrix organizational structure is a
hybrid form, it loads a level of project management structure on the functional hierarchical
structure. Has a Management project office.
According to the relative power of project managers and functional managers, in practice there
are different types of matrix systems, respectively,
Functional Matrix: in this matrix, functional managers have greater powers than project
managers
Project Matrix: in this matrix, project managers have greater powers than functional managers
Balance Matrix: in this matrix, functional managers and project managers have the equal powers.
What is Project Management? correct answers the discipline of organizing and managing
resources in such a way that the project is completed within defined scope, quality, time and cost
constraints
Is Project Management an art or science? correct answers Both.
-Science cause of technical (Scope, WBS, Schedules)
-Art cause of Social-cultural (leadership, teamwork).
