Project Management Fill in the blank Questions And Verified Correct Answers Guaranteed Success.

A project is a ____________________ endeavor undertaken to accomplish a unique purpose - correct answer Temporary A project should have a primary ____________________. - correct answer Sponsor To create a successful project, ____________________, time and cost must all be taken into consideration. - correct answer Scope Knowledge areas describe the key ____________________ that project managers must develop. - correct answer Competencies Low-end project management tools are often recommended for ____________________ projects. - correct answer Small High-end project management tools are often recommended for ____________________ projects. - correct answer Large Project management overlaps somewhat with ____________________ management and application area knowledge - correct answer general The Gantt chart, network diagram, and critical path analysis are project ____________________ tools. - correct answer scheduling Project management software is making specialized project management techniques ____________________ to use. - correct answer easier Program is a group of ____________________ managed in a coordinated way. - correct answer projects What three knowledge areas comprise the triple constraint of project management? - correct answer scope,time, and cost Name two tools and techniques that are unique to project management. - correct answer Any of the following: project charter, WBS, Gantt chart, network diagram, critical path analysis, project cost estimates, earned value chart Modern project management began with what project? - correct answer The Manhattan Project What is the designation for people certified as project managers by the Project Management Institute? - correct answer PMP for Project Management Professional Using a ____________________ approach is critical to successful project management. - correct answer Systems/system The first two phases of a project life cycle focus on planning and are referred to as project ____________________. - correct answer feasibility The second two phases of a project life cycle focus on delivering the actual work and are referred to as project ____________________. - correct answer acquisition The Work Breakdown Structure is an outcome-oriented document that defines the total ____________________ of the project. - correct answer scope The ____________________ model has well-defined, linear stages of systems development and support. - correct answer waterfall The ____________________ model recognizes the fact that most software is developed using an iterative approach rather than a linear approach. - correct answer spiral The human resources frame focuses on producing harmony between the needs of the ____________________ and the needs of the people. - correct answer organization In a ____________________ organization, the staff have a variety of skills needed to complete the particular project. - correct answer project Most colleges and universities have strong ____________________ organizations. - correct answer functional A very important factor in helping project managers successfully lead projects is the level of ____________________ and support they receive from top management. - correct answer commitment What are the phases of the project life cycle? - correct answer concept, development, implementation, and close-out What are the project management process groups? - correct answer initiating, planning, executing, controlling, and closing What type of organizational structure gives the least amount of authority to project managers? - correct answer functional Name two significant characteristics of effective project managers? - correct answer Any of the following: lead by example, are visionaries, are technically competent, are decisive, are good communicators, are good motivators, stand up to upper management when necessary, support team members, and encourage new ideas Work results is one of the ____________________ of the project plan execution phase. - correct answer outputs/output A project plan provides a ____________________ for progress measurement and project control. - correct answer baseline or base line Work results is one of the ____________________ of the project plan execution phase. - correct answer Interface or interface In a project management plan sections, the ____________________ process identifies methods, tools, and techniques; software documentation; and project support functions. - correct answer technical Work ____________________ system is a method for ensuring that qualified people do the work at the right time and in the proper sequence. - correct answer Authorization A change control board is a formal group of people responsible for approving or rejecting ____________________ on a project. - correct answer changes/change A change control boardis a formal, documented process that describes when and how official ____________________ documents may be changed. - correct answer project ____________________ management ensures that the descriptions of the project's products are correct and complete, and concentrates on the management of technology. - correct answer Configuration/configuration It is the project manager's responsibility to ____________________ all project changes so that the project stays on track - correct answer integrate Using the World Wide Web has made it easier to ____________________ the most current project information. - correct answer disseminate What are the three main processes of integration management? - correct answer project plan development, project plan execution, and integrated change control What is the main purpose of a project plan? - correct answer to facilitate action or guide project execution What project management tool can you use to help manage relationships with different people involved in your project? - correct answer a stakeholder analysis Project ____________________ management includes the processes involved in defining and controlling what is or is not included in a project. - correct answer scope A project ____________________ is a key document for formally recognizing the existence and providing a broad overview of a project. - correct answer charter Scope ____________________ involves formalizing acceptance of the project scope. - correct answer verification Scope ____________________ involves subdividing the major project deliverables into smaller, more manageable components. - correct answer definition Scope ____________________ involves developing documents to provide the basis for future decisions. - correct answer planning Only projects with a ____________________ net present value should be considered if financial value is a key criterion for project selection. - correct answer positive A discount rate is the ____________________ acceptable rate of return on an investment. - correct answer minimum A weighted scoring model is a tool that provides a ____________________ process for selecting projects based on many criteria. - correct answer systematic A WBS is often depicted as a task-oriented family tree of ____________________. - correct answer activities/activity A work package is a deliverable or product at the ____________________ level of the WBS. - correct answer lowest What is the main reason why firms invest in information technology projects? - correct answer to support explicit business objectives If you have three independent projects with NPVs of $100, $400, and -$100, which project(s) would you recommend based solely on the NPV? - correct answer Recommend the project with an NPV of $100 and the one with an NPV of $400. Both are profitable. If you must choose one project, recommend the project with the highest NPV$400 in this example. What document formally recognizes the existence of a project? - correct answer a project charter What is the main output of the scope definition process and is also an outcome-oriented analysis of the work involved in a project that defines the total scope of the project? - correct answer a WBS A(n) ____________________ is an element of work, normally found on the WBS, that has an expected duration, a cost, and resource requirements. - correct answer activity A(n) ____________________ is an element of work, normally found on the WBS, that has an expected duration, a cost, and resource requirements. - correct answer control Activity ____________________ involves identifying and documenting the relationships between project activities. - correct answer sequence Activity ____________________ estimation involves estimating the number of work periods that are needed to complete individual activities. - correct answer duration ____________________ dependencies involve relationships between project and non-project activities. - correct answer External/external ____________________ dependencies are defined by the project team. - correct answer Discretionary/discretionary ____________________ dependencies are inherent in the nature of the work being done on a project. - correct answer Mandatory/mandatory A ____________________ occurs when two or more nodes precede a single node. - correct answer merge A ____________________ occurs when a single node is followed by two or more activities. - correct answer burst/bursts ____________________ activities have no duration and no resources but are needed to show logical relationships between activities. - correct answer Dummy/dummy