MGMT 4900 FINAL EXAM PRACTICE QUESTIONS &
ANSWERS
motivation - Answer -1.) The unnecessary project was a low priority for many members
of the department. Why bother to attend meetings or do anything if there was no
opportunity for advancement. The team suffered a serious lack of ________ and there
was little that could be done to rectify it.
superordinate goal - Answer -A(n) ________ is an overall purpose that is important to
all functional groups involved, but whose attainment requires the resources and efforts
of more than one group.
storming - Answer -Conflict begins as team members begin to resist authority and
demonstrate hidden agendas during the ________ stage of group development.
people skills - Answer -Team building and conflict management are two of the more
important and difficult ________ that project managers can cultivate.
mediation - Answer -Confrontation and defusion are two approaches to ________.
identify skills - Answer -The first step in assembling a project team is to study the work
breakdown structure in order to ________.
interactionist - Answer -A(n) ________ encourages conflict in an organization because
it keeps an organization from stagnating.
differentiation - Answer -________ reflects the fact that different functional departments
develop their own mindsets and value systems that can conflict with those of other
departments
(productive) interdependency - Answer -The project wouldn't have been possible
without the combined efforts of its members from several different functional areas of
the organization. Each member contributed what he could and left other pieces of the
puzzle to other members with the requisite skills. This reliance on the team was a
classic example of ________.
results - Answer -A team that is firmly committed to achieving the project's goals is said
to have a(n) ________ orientation.
.70 or higher - Answer -A rule of thumb for project risk score calculations is that a risk
score of ________ is considered high risk.
fixed price contract - Answer -A common method of transferring the risk of a cost
overrun is to establish a(n) ________.
, change management - Answer -A(n) ________ process as part of risk mitigation
strategies requires a useful documentation system that all partners in the project can
access.
integration risk - Answer -There is always a chance that different entities that should
work together to complete a project won't be able to do so. This likelihood is called
________.
(risk) identification - Answer -The first step in the risk management process is
________.
risk management - Answer -________ is defined as the art and science of identifying,
analyzing and responding to risk factors throughout the life of a project and in the best
interests of its objectives
contractual or legal risk - Answer -An agreement between two firms that has provisions
for fixed costs or liquidated damages contains an element of ________.
One technique that can be used to identify risk factors associated with a project is
________. - Answer -brainstorming or expert opinion or past history or multiple
assessments
PERT analysis is based on ________ estimates, which, if unreasonably determined,
can lead to inaccurate and misleading project schedules. - Answer -problabilistic time
In analyzing crash options for project activities, each activity has a slope that is
calculated as the ________ divided by the ________. - Answer -change in cost,
change in time
________ represent one of the first attempts to develop a network diagram that orders
project activities by baseline calendar dates. - Answer -gantt charts
The process of accelerating a project is referred to as ________. - Answer -crashing
The logical relationship between the start and finish of one activity and the start and
finish of another activity is the ________. - Answer -lag
The three principal methods for accelerating project activities are to change the
________, ________, and ________ of the project resources. - Answer -productivity,
types, quantity
The primary drawback with ________ networks occurs when the project is very
complex, with numerous paths through the model. - Answer -AON
ANSWERS
motivation - Answer -1.) The unnecessary project was a low priority for many members
of the department. Why bother to attend meetings or do anything if there was no
opportunity for advancement. The team suffered a serious lack of ________ and there
was little that could be done to rectify it.
superordinate goal - Answer -A(n) ________ is an overall purpose that is important to
all functional groups involved, but whose attainment requires the resources and efforts
of more than one group.
storming - Answer -Conflict begins as team members begin to resist authority and
demonstrate hidden agendas during the ________ stage of group development.
people skills - Answer -Team building and conflict management are two of the more
important and difficult ________ that project managers can cultivate.
mediation - Answer -Confrontation and defusion are two approaches to ________.
identify skills - Answer -The first step in assembling a project team is to study the work
breakdown structure in order to ________.
interactionist - Answer -A(n) ________ encourages conflict in an organization because
it keeps an organization from stagnating.
differentiation - Answer -________ reflects the fact that different functional departments
develop their own mindsets and value systems that can conflict with those of other
departments
(productive) interdependency - Answer -The project wouldn't have been possible
without the combined efforts of its members from several different functional areas of
the organization. Each member contributed what he could and left other pieces of the
puzzle to other members with the requisite skills. This reliance on the team was a
classic example of ________.
results - Answer -A team that is firmly committed to achieving the project's goals is said
to have a(n) ________ orientation.
.70 or higher - Answer -A rule of thumb for project risk score calculations is that a risk
score of ________ is considered high risk.
fixed price contract - Answer -A common method of transferring the risk of a cost
overrun is to establish a(n) ________.
, change management - Answer -A(n) ________ process as part of risk mitigation
strategies requires a useful documentation system that all partners in the project can
access.
integration risk - Answer -There is always a chance that different entities that should
work together to complete a project won't be able to do so. This likelihood is called
________.
(risk) identification - Answer -The first step in the risk management process is
________.
risk management - Answer -________ is defined as the art and science of identifying,
analyzing and responding to risk factors throughout the life of a project and in the best
interests of its objectives
contractual or legal risk - Answer -An agreement between two firms that has provisions
for fixed costs or liquidated damages contains an element of ________.
One technique that can be used to identify risk factors associated with a project is
________. - Answer -brainstorming or expert opinion or past history or multiple
assessments
PERT analysis is based on ________ estimates, which, if unreasonably determined,
can lead to inaccurate and misleading project schedules. - Answer -problabilistic time
In analyzing crash options for project activities, each activity has a slope that is
calculated as the ________ divided by the ________. - Answer -change in cost,
change in time
________ represent one of the first attempts to develop a network diagram that orders
project activities by baseline calendar dates. - Answer -gantt charts
The process of accelerating a project is referred to as ________. - Answer -crashing
The logical relationship between the start and finish of one activity and the start and
finish of another activity is the ________. - Answer -lag
The three principal methods for accelerating project activities are to change the
________, ________, and ________ of the project resources. - Answer -productivity,
types, quantity
The primary drawback with ________ networks occurs when the project is very
complex, with numerous paths through the model. - Answer -AON
