BUSINESS 311;Project Management EXAM
questions and CORRECT Answers
What is Project Management? - CORRECT ANSWERS - Project manager: organize and
coordinate human and financial resources so that projects are completed
- Project: 1-time events that have specific start and end date
-- design new software to increase efficiency
-- building a bridge
-- creating a new product
-- expanding sales into new territory
- Project Management (PM): when a company applies its human and financial resources to plan and
execute a specific task
--- 5 Stage of Project Management ---
-- Project initiation -- 1
- project team members are assigned
- project goals are communicated to team members
- work with your clients to gather as much information as they can regarding project specifications
so that they can develop a plan
-- Project Planning --2
- a written project charter is drafter
- Gantt Chart: shows workflow of a project, a detailed schedule of what will happen and when
- ^^ developed by Henry Gantt, American mechanical engineer
-- Execution Stage --3
- resources are distributed
- Relevant project information
Which is NOT a stage of project management? - CORRECT ANSWERS Participation
Who developed PERT? - CORRECT ANSWERS Navy
,In which stage are Gantt charts first used? - CORRECT ANSWERS Planning
How many stages of project management are there? - CORRECT ANSWERS 5
How often does a company engage in a particular project? - CORRECT ANSWERS once
Project Management Skills - CORRECT ANSWERS Project management: the utilization of skills
in order to get a project from start to finish
--- Project Manager's Skill Set ---
- knowledgeable about their organization; their operations, products and services
- communicate that knowledge to customers
- organization and multi-tasking are key
- Leadership, responsible for taking a project from start to finish, knowing how to motivate and
inspire employees
- confidence, you want to know that the person in charge is capable and confident in completing a
project
- communication, if a project manager cannot communicate tasks, expectations, goals, and progress,
a project will never be successfully completed
- problem solving; requires creativity and negotiation, find a resolution quickly
Because tasks are often being completed at the same time, a project manager needs to _____. -
CORRECT ANSWERS Be able to multi-task
Which is NOT a skill of a project manager? - CORRECT ANSWERS Quality assurance
A crucial skill for project managers is to be knowledgeable about their organization, including its
_____. - CORRECT ANSWERS All answers are correct.
- products
- services
- operations
,Which skill entails knowing how to find resolutions? - CORRECT ANSWERS Problem solving
Project management entails _____. - CORRECT ANSWERS using skills to take a project from
start to finish
What is a Project Management Office? - CORRECT ANSWERS Project Management Office
(PMO): a group established within a company that clarifies and maintains project management
standards
- created for a special, one-time project and disassemble afterward, OR created to offer long-term
administrative assistance for project managers
- PMO is established to help provide any help, guidance, or administrative assistance so that projects
can be better managed and implemented within a company
- PMO helps process paperwork involved in projects, like consent forms from the students
participating in field trips or other activities
- PMO helps guide project managers from start of a program to the end, ensuring that it runs
smoothly
--- PMO Roles ---
-- Project Repository Project Management Office --
- offer information on the standards and methodology of how projects should be carried out
-- Departmental Project Management Office --
- Assigned to a specific department or unit within a company
-- Project-Specific PMO --
- Designed for a specific project
Which type of PMO offers training and tools for project managers? - CORRECT
ANSWERS Center of excellence
A group that delegates, organizes, and oversees projects within a company is know as: - CORRECT
ANSWERS A PMO
What does PMO stand for? - CORRECT ANSWERS Project management office
, What is a project management office that is assigned to a specific department called? - CORRECT
ANSWERS Departmental
When is a PMO used? - CORRECT ANSWERS All of the answers are correct
- For a project in a specific department
- For all projects
- For a specific project
Benefits of Project Management - CORRECT ANSWERS - when a company partakes in good
project management, it lowers the probability of a project failing
- assigning a project manager, your company is making sure that someone is watching over the
project and helping it get from start to finish
- PM helps a project fulfil its requirements; makes sure that goals outline in the project are
successfully met
- utilizing employees efficiently
- PM helps simplify tasks and resolves problems more efficiently
- when a project is outline, employees know what's expected of them and should recognize when a
problem exists
- reduction in costs; if employees stay on task expenses can be reduced AND creating quality
templates that can be reused on all future projects
A task that has defined perimeters in business is known as what? - CORRECT ANSWERS A
project
A project is a task that's not part of a daily routine that has defined perimeters and is unique.
Which of the following is true about project management? - CORRECT ANSWERS It helps
reduce costs.
Which one is NOT true about project management? - CORRECT ANSWERS It causes confusion.
The act of using skills, tools and other resources to get a project from start to finish is called: -
CORRECT ANSWERS Project management
questions and CORRECT Answers
What is Project Management? - CORRECT ANSWERS - Project manager: organize and
coordinate human and financial resources so that projects are completed
- Project: 1-time events that have specific start and end date
-- design new software to increase efficiency
-- building a bridge
-- creating a new product
-- expanding sales into new territory
- Project Management (PM): when a company applies its human and financial resources to plan and
execute a specific task
--- 5 Stage of Project Management ---
-- Project initiation -- 1
- project team members are assigned
- project goals are communicated to team members
- work with your clients to gather as much information as they can regarding project specifications
so that they can develop a plan
-- Project Planning --2
- a written project charter is drafter
- Gantt Chart: shows workflow of a project, a detailed schedule of what will happen and when
- ^^ developed by Henry Gantt, American mechanical engineer
-- Execution Stage --3
- resources are distributed
- Relevant project information
Which is NOT a stage of project management? - CORRECT ANSWERS Participation
Who developed PERT? - CORRECT ANSWERS Navy
,In which stage are Gantt charts first used? - CORRECT ANSWERS Planning
How many stages of project management are there? - CORRECT ANSWERS 5
How often does a company engage in a particular project? - CORRECT ANSWERS once
Project Management Skills - CORRECT ANSWERS Project management: the utilization of skills
in order to get a project from start to finish
--- Project Manager's Skill Set ---
- knowledgeable about their organization; their operations, products and services
- communicate that knowledge to customers
- organization and multi-tasking are key
- Leadership, responsible for taking a project from start to finish, knowing how to motivate and
inspire employees
- confidence, you want to know that the person in charge is capable and confident in completing a
project
- communication, if a project manager cannot communicate tasks, expectations, goals, and progress,
a project will never be successfully completed
- problem solving; requires creativity and negotiation, find a resolution quickly
Because tasks are often being completed at the same time, a project manager needs to _____. -
CORRECT ANSWERS Be able to multi-task
Which is NOT a skill of a project manager? - CORRECT ANSWERS Quality assurance
A crucial skill for project managers is to be knowledgeable about their organization, including its
_____. - CORRECT ANSWERS All answers are correct.
- products
- services
- operations
,Which skill entails knowing how to find resolutions? - CORRECT ANSWERS Problem solving
Project management entails _____. - CORRECT ANSWERS using skills to take a project from
start to finish
What is a Project Management Office? - CORRECT ANSWERS Project Management Office
(PMO): a group established within a company that clarifies and maintains project management
standards
- created for a special, one-time project and disassemble afterward, OR created to offer long-term
administrative assistance for project managers
- PMO is established to help provide any help, guidance, or administrative assistance so that projects
can be better managed and implemented within a company
- PMO helps process paperwork involved in projects, like consent forms from the students
participating in field trips or other activities
- PMO helps guide project managers from start of a program to the end, ensuring that it runs
smoothly
--- PMO Roles ---
-- Project Repository Project Management Office --
- offer information on the standards and methodology of how projects should be carried out
-- Departmental Project Management Office --
- Assigned to a specific department or unit within a company
-- Project-Specific PMO --
- Designed for a specific project
Which type of PMO offers training and tools for project managers? - CORRECT
ANSWERS Center of excellence
A group that delegates, organizes, and oversees projects within a company is know as: - CORRECT
ANSWERS A PMO
What does PMO stand for? - CORRECT ANSWERS Project management office
, What is a project management office that is assigned to a specific department called? - CORRECT
ANSWERS Departmental
When is a PMO used? - CORRECT ANSWERS All of the answers are correct
- For a project in a specific department
- For all projects
- For a specific project
Benefits of Project Management - CORRECT ANSWERS - when a company partakes in good
project management, it lowers the probability of a project failing
- assigning a project manager, your company is making sure that someone is watching over the
project and helping it get from start to finish
- PM helps a project fulfil its requirements; makes sure that goals outline in the project are
successfully met
- utilizing employees efficiently
- PM helps simplify tasks and resolves problems more efficiently
- when a project is outline, employees know what's expected of them and should recognize when a
problem exists
- reduction in costs; if employees stay on task expenses can be reduced AND creating quality
templates that can be reused on all future projects
A task that has defined perimeters in business is known as what? - CORRECT ANSWERS A
project
A project is a task that's not part of a daily routine that has defined perimeters and is unique.
Which of the following is true about project management? - CORRECT ANSWERS It helps
reduce costs.
Which one is NOT true about project management? - CORRECT ANSWERS It causes confusion.
The act of using skills, tools and other resources to get a project from start to finish is called: -
CORRECT ANSWERS Project management
