Project Management Terminology C722 Equations
639 Questions with Verified Answers
Interdependent Tasks - CORRECT ANSWER A firm begins its strategic business
initiative of developing a new business model that will allow the firm to deliver an
efficient, tailored service to its customers. To accomplish this, the firm initiates a
business management project. Which aspect of project management applies to
this firm's project?
Improvement in product design - CORRECT ANSWER A firm begins its strategic
business initiative of developing a new business model to enhance its
competitiveness. What can be identified as a strategic business initiative for this
firm?
Project sponsor - CORRECT ANSWER A firm begins a strategic business initiative of
developing a new business model that will allow the firm to deliver an efficient,
tailored service to its customers.
Closing process group - CORRECT ANSWER Which group is included in the five
process groups?
PRojects IN a Controlled Environment - CORRECT ANSWER What does PRINCE2
stand for?
Executing - CORRECT ANSWER Which PMBOK process group is described as the
delivery part of project management where the main activity happens?
,Lines of authority are clear. - CORRECT ANSWER Which advantage does the
functional (departmentalized) organizational structure provide for a firm with
multiple projects?
(1) The U.S. Department of State and (2) The U.S Department of Energy - CORRECT
ANSWER Which two organizations are examples of organizations with the
functional organizational structure?
Project team members gain access to historical data from other projects. -
CORRECT ANSWER An organization expects to use a project management office
(PMO) to support multiple projects that will be implemented within a projectized
organizational structure. Which implied effect is a benefit to this organization?
Projects will coordinate resource usage by monitoring the status of shared
resources. - CORRECT ANSWER Regardless of the organizational structure used to
manage a project, an organization elects to use a project management office
(PMO). Which benefit will this organization gain?
Planning - CORRECT ANSWER During a certain project phase, specific blueprints
are drawn and approved, materials and labor costs are estimated, prototypes are
created, and work activities and tasks are identified. Also, quality expectations,
measurements, and costs are defined. During which project phase do these
activities occur?
(1) Collecting customer requirements (2) Developing the work breakdown
structure (3) Working to produce project deliverables (4) Customers evaluating the
,project outcomes (5) Capturing lessons learned - CORRECT ANSWER Place the
project activities in order of occurrence from first (1) to last (5).
Executing - CORRECT ANSWER During which life cycle phase is the vast majority of
the actual work to produce the project's deliverables completed?
Deliverable - CORRECT ANSWER What is the correct term for an intermediate
outcome of project work, such as a signed contract or obtaining a construction
permit?
User training - CORRECT ANSWER Which deliverable from a work breakdown
structure (WBS) is not specific enough to measure its completion at project
closure?
Sequence of project phases - CORRECT ANSWER The following table shows the
Level 1 work breakdown structure (WBS) for Project A.
WBS ID Description
0.0 Project A
1.0 Project started
2.0 Feasiblity
3.0 Design
4.0 Development
5.0 Manufacturing
6.0 Distribution
, 7.0 Project completed
Which approach did the project manager use to structure the WBS?
WBS dictionary and project scope statement - CORRECT ANSWER For the
following collapsed work breakdown structure (WBS) for Project O, the project
manager must complete the scope baseline. In addition to the WBS, the scope
baseline will contain two additional documents.
WBS ID Description
0.0 Project O
1.0 Project started
2.0 Feasibility
3.0 Design
4.0 Development
5.0 Manufacturing
6.0 Distribution
7.0 Project completed
What are the other two documents that belong in the scope baseline?
Terminating the project as soon as possible and releasing the project's resources -
CORRECT ANSWER For the following collapsed work breakdown structure (WBS)
for Project O, the project's steering committee held a phase gate review of the
Feasibility results. That review determined that the project's proposed design
would be obsolete before it would reach the marketplace.
WBS ID Description