Project Management Chapters 1-8 Questions and Answers 100% Pass

Project Management Chapters 1-8 Questions and Answers 100% Pass The advent of project management has been most profound in: A) Automobile manufacturing B) Construction C) Information technology D) The U.S. Department of Defense E) Film making - Correct Answer ️️ -C) Information technology Which of the following is not considered to be a characteristic of a project? A) An established objective B) A clear beginning and end C) Complex tasks D) Only for internal use E) Never been done before - Correct Answer ️️ -D) Only for internal use From among the following activities, which is the best example of a project? A) Processing insurance claims B) Producing automobiles C) Writing a term paper D) Completing a college degree E) All of these are good examples of projects - Correct Answer ️️ -C) Writing a term paper Which of the following choices is not one of the stages of a project life cycle? A) Conceptualizing B) Defining C) Planning D) Executing E) Delivering - Correct Answer ️️ -A) Conceptualizing In which of the following stages are project objectives established, teams formed, and major responsibilities assigned? A) Conceptualizing B) Defining C) Planning D) Executing E) Delivering - Correct Answer ️️ -B) Defining In which of the following stages are you more likely to find status reports, many changes, and the creation of forecasts? A) Conceptualizing B) Defining C) Planning D) Executing E) Delivering - Correct Answer ️️ -D) Executing Which of the following choices is not one of the driving forces behind the increasing demand for project management? A) Compression of the product life cycle B) Knowledge explosion C) Development of third world and closed economies D) More emphasis on the product and less on the customer E) Corporate downsizing - Correct Answer ️️ -D) More emphasis on the product and less on the customer Project management is ideally suited for a business environment requiring all of the following except A) Accountability B) Flexibility C) Innovation D) Speed E) Repeatability - Correct Answer ️️ -E) Repeatability Which of the following is the number one characteristic that is looked for in management candidates? A) Overall intelligence B) Works well with others C) Experience D) Past successes E) Good references - Correct Answer ️️ -B) Works well with others A common rule of thumb in the world of high-tech product development is that a six- month project delay can result in a loss of product revenue share of ___ percent. A) 10 B) 20 C) 33 D) 45 E) 50 - Correct Answer ️️ -C) 33 Integration of project management with the organization takes place with the A) Master budget B) Strategy plan C) Process of managing actual projects D) Both b and c are correct E) A, B, and C are all correct - Correct Answer ️️ -D) Both b and c are correct Which of these is not part of the "technical dimension" of project management? A) WBS B) Budgets C) Problem solving D) Schedules E) Status reports - Correct Answer ️️ -C) Problem solving Corporate downsizing has increased the trend toward A) Reducing the number of projects a company initiate