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Exam (elaborations)

BMGT 485 Exam questions and answers graded A+ updated

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BMGT 485 Exam questions and answers graded A+ updated

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BMGT 485 Exam questions and answers
graded A+ updated

Project - correct answer ✔✔A sequence of unique, complex, and connected activities having
one goal or purpose and that must be completed by specific time, within budget, and according
to specification



Project - correct answer ✔✔A temporary endeavor undertaken to accomplish a unique product
or service



Program - correct answer ✔✔A group of related projects

managed in a coordinated way

to obtain benefits and control not available from managing them individually



Program Managers - correct answer ✔✔Oversee programs and often act as bosses for project
managers.



Portfolio - correct answer ✔✔___________ is NOT necessarily a Program



Standish Group - correct answer ✔✔Group who's study showed IT projects had a terrible track
record



16.2% - correct answer ✔✔% of successful IT projects in 1995



31% - correct answer ✔✔Over _________ of IT projects were cancelled before completion,
costing over 81 Billion in the US alone. (1995)

, 78000 - correct answer ✔✔# of IT projects in 2001 that were successful



28% - correct answer ✔✔% of IT projects that succeeded in 2001



Scope

Time

Cost

Quality - correct answer ✔✔4 core knowledge areas of Management



Human Resources

Communication

Risk

Procurement

Stakeholders - correct answer ✔✔5 facilitating knowledge areas of Management



Project Integration Management - correct answer ✔✔Affects and is affected by all of the other
knowledge areas



Classes - correct answer ✔✔Business Disciplines are all examples of ______ I would take like
Finance.



Systems Thinking - correct answer ✔✔Taking a holistic view of a project and understanding how
it relates to the larger organization.



Stakeholders - correct answer ✔✔People involved in or affected by project activities

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