OM 493 Chapter 10 Test Bank QUESTIONS AND VERIFIED ANSWERS

MC Qu. 01 (Static) Project success or failure often is... Project success or failure often is reliant upon the contributions of all the following groups of stakeholders EXCEPT customers. suppliers. contractors. competitors. top management. Project success does not just depend on the performance of the project team. Success or failure often depends on the contributions of top management, functional managers, customers, suppliers, contractors, and others. References Multiple Choice Difficulty: 2 Medium MC Qu. 01 (Static) Project success or failure often is... Learning Objective: 10-02 Understand the need to engage project stakeholders.       2. Award: 1.00 point MC Qu. 02 (Static) Managing a project and leading a... Managing a project and leading a project are two different things. Project leadership is about coping with formulating plans and objectives. monitoring results against plans. change. taking corrective action when necessary. designing structures and procedures. Project managers often have to deviate from what was planned and introduce significant changes in the project scope and schedule to respond to unforeseen threats or opportunities. References Multiple Choice Difficulty: 1 Easy MC Qu. 02 (Static) Managing a project and leading a... Learning Objective: 10-01 Understand the difference between managing and l