MGMT 4900 PRACTICE QUESTIONS & ANSWERS
1) Project management entails crossing ________ boundaries. 1) _____________
1 - Answer -functional and organizational
2) The stages in a project's development are known as a(n) ________. 2)
_____________
2 - Answer -project life cycle
3) Projects are ________ focused. 3) _____________
3 - Answer -customer
4) ________ serves as an excellent training ground for future senior executives in most
organizations. 4) _____________
4 - Answer -Project management
5) Creativity is at its zenith during the ________ stage of the project life cycle. 5)
_____________
5 - Answer -execution
6) The Center for Business Practices maturity model stage that describes project
management as an ad hoc process is ________. 6) _____________
6 - Answer -Level 1 or Initial Process
7) Atkinson suggests that all groups that are affected by a project, otherwise known as
________, should have a hand assessing project success. 7) _____________
7 - Answer -stakeholders
8) In general, product life cycles are becoming ________ and product launch windows
are becoming ________. 8) _____________
8 - Answer -shorter, narrower
9) ________ are used to allow organizations to benchmark the best practices of
successful project management firms. 9) _____________
9 - Answer -Project management maturity models
10) The goals of a project are sometimes called ________. 10) _____________
10 - Answer -deliverables
11) The ________ form of the project management office has the goal of maintaining
and providing trained and skilled project professionals as they are needed. 11)
_____________
11 - Answer -resource pool
,12) ________ designates formal reporting relationships, including the number of levels
in the hierarchy and the span of control of managers and supervisors. 12)
_____________
12 - Answer -Organization structure
13) ________ is the term for the tendency for employees to become fixated on their
concerns and work assignments to the exclusion of the needs of other departments. 13)
_____________
13 - Answer -Functional siloing
14) Functional departments maintain control over their resources and are responsible
for managing their components of the project in a(n) ________. 14) _____________
14 - Answer -weak matrix
15) A principle cause of project portfolio underperformance is lack of ________. 15)
_____________
15 - Answer -(adequate< resources
16) An organization that has some flexibility in postponing a project and might be able to
make a better decision with information that would be available at a later date might
make use of a(n) ________ for project screening. 16) _____________
16 - Answer -options model
17) The simplest method of project screening and selection is developing a(n)
________ that contains criteria that pertain to a choice of projects. 17) _____________
17 - Answer -checklist
18) The ________ method of project screening generates overall project scores that
can be compared meaningfully against each other. 18) _____________
18 - Answer -Analytical Hierarchy Process (AHP<
19) In project management, the ________ is the set of project portfolio options that
offers either a maximum return for every given level of risk or the minimum risk for every
level of return. 19) _____________
19 - Answer -efficient frontier
20) The ________ screening method may arrive at multiple solutions, which is one
reason it is used less widely than the net present value technique. 20) _____________
20 - Answer -internal rate of return (IRR<
21) A project selection model that is broad enough to be applied to multiple projects has
the virtue of ________. 21) _____________
21 - Answer -comparability
22) ________ is the systematic process of selecting, supporting and managing a firm's
collection of projects. 22) _____________
, 22 - Answer -Project portfolio management
23) A(n) ________ is in individual who identifies with a new development, using all
weapons at his command, against the funded resistance of the organization. 23)
_____________
23 - Answer -champion
24) An effective project manager must have ________ so that she is not adversely
affected by complex or uncertain situations. 24) _____________
24 - Answer -tolerance for ambiguity
25) The temporal context or space to which an individual is naturally drawn is known as
________. 25) _____________
25 - Answer -time orientation
26) ________ is a group maintenance behavior that serves to increase and equalize
participation. 26) _____________
26 - Answer -Gatekeeping
27) A(n) ________ is interested in efficiency of operations but a(n) ________ is
interested in effectiveness of outcomes. 27) _____________
27 - Answer -manager, leader
28) ________ is the element of emotional intelligence that describes a person's ability to
manage relationships with others. 28) _____________
28 - Answer -Social skill
29) The ability to cognitively bring the past and future closer together is ________. 29)
_____________
29 - Answer -time warping
30) Three years and $250,000 later, the homeowner's simple two bedroom bungalow
project had morphed into a state of the art sprawling ranch. The construction manager
was able to keep track of all the changes along the way and keep all subcontractors up
to date thanks to meticulous ________. 30) _____________
30 - Answer -configuration management
31) The leader for team A isn't sure offhand who needs to approve the next step in their
work package but he knows that if he consults the ________ he can determine who has
approval authority for the necessary purchase of that pair of weasels. 31)
_____________
31 - Answer -responsibility assignment matrix (RAM<
32) Work content and expected outcomes are called ________ in project management.
32) _____________
32 - Answer -scope
1) Project management entails crossing ________ boundaries. 1) _____________
1 - Answer -functional and organizational
2) The stages in a project's development are known as a(n) ________. 2)
_____________
2 - Answer -project life cycle
3) Projects are ________ focused. 3) _____________
3 - Answer -customer
4) ________ serves as an excellent training ground for future senior executives in most
organizations. 4) _____________
4 - Answer -Project management
5) Creativity is at its zenith during the ________ stage of the project life cycle. 5)
_____________
5 - Answer -execution
6) The Center for Business Practices maturity model stage that describes project
management as an ad hoc process is ________. 6) _____________
6 - Answer -Level 1 or Initial Process
7) Atkinson suggests that all groups that are affected by a project, otherwise known as
________, should have a hand assessing project success. 7) _____________
7 - Answer -stakeholders
8) In general, product life cycles are becoming ________ and product launch windows
are becoming ________. 8) _____________
8 - Answer -shorter, narrower
9) ________ are used to allow organizations to benchmark the best practices of
successful project management firms. 9) _____________
9 - Answer -Project management maturity models
10) The goals of a project are sometimes called ________. 10) _____________
10 - Answer -deliverables
11) The ________ form of the project management office has the goal of maintaining
and providing trained and skilled project professionals as they are needed. 11)
_____________
11 - Answer -resource pool
,12) ________ designates formal reporting relationships, including the number of levels
in the hierarchy and the span of control of managers and supervisors. 12)
_____________
12 - Answer -Organization structure
13) ________ is the term for the tendency for employees to become fixated on their
concerns and work assignments to the exclusion of the needs of other departments. 13)
_____________
13 - Answer -Functional siloing
14) Functional departments maintain control over their resources and are responsible
for managing their components of the project in a(n) ________. 14) _____________
14 - Answer -weak matrix
15) A principle cause of project portfolio underperformance is lack of ________. 15)
_____________
15 - Answer -(adequate< resources
16) An organization that has some flexibility in postponing a project and might be able to
make a better decision with information that would be available at a later date might
make use of a(n) ________ for project screening. 16) _____________
16 - Answer -options model
17) The simplest method of project screening and selection is developing a(n)
________ that contains criteria that pertain to a choice of projects. 17) _____________
17 - Answer -checklist
18) The ________ method of project screening generates overall project scores that
can be compared meaningfully against each other. 18) _____________
18 - Answer -Analytical Hierarchy Process (AHP<
19) In project management, the ________ is the set of project portfolio options that
offers either a maximum return for every given level of risk or the minimum risk for every
level of return. 19) _____________
19 - Answer -efficient frontier
20) The ________ screening method may arrive at multiple solutions, which is one
reason it is used less widely than the net present value technique. 20) _____________
20 - Answer -internal rate of return (IRR<
21) A project selection model that is broad enough to be applied to multiple projects has
the virtue of ________. 21) _____________
21 - Answer -comparability
22) ________ is the systematic process of selecting, supporting and managing a firm's
collection of projects. 22) _____________
, 22 - Answer -Project portfolio management
23) A(n) ________ is in individual who identifies with a new development, using all
weapons at his command, against the funded resistance of the organization. 23)
_____________
23 - Answer -champion
24) An effective project manager must have ________ so that she is not adversely
affected by complex or uncertain situations. 24) _____________
24 - Answer -tolerance for ambiguity
25) The temporal context or space to which an individual is naturally drawn is known as
________. 25) _____________
25 - Answer -time orientation
26) ________ is a group maintenance behavior that serves to increase and equalize
participation. 26) _____________
26 - Answer -Gatekeeping
27) A(n) ________ is interested in efficiency of operations but a(n) ________ is
interested in effectiveness of outcomes. 27) _____________
27 - Answer -manager, leader
28) ________ is the element of emotional intelligence that describes a person's ability to
manage relationships with others. 28) _____________
28 - Answer -Social skill
29) The ability to cognitively bring the past and future closer together is ________. 29)
_____________
29 - Answer -time warping
30) Three years and $250,000 later, the homeowner's simple two bedroom bungalow
project had morphed into a state of the art sprawling ranch. The construction manager
was able to keep track of all the changes along the way and keep all subcontractors up
to date thanks to meticulous ________. 30) _____________
30 - Answer -configuration management
31) The leader for team A isn't sure offhand who needs to approve the next step in their
work package but he knows that if he consults the ________ he can determine who has
approval authority for the necessary purchase of that pair of weasels. 31)
_____________
31 - Answer -responsibility assignment matrix (RAM<
32) Work content and expected outcomes are called ________ in project management.
32) _____________
32 - Answer -scope
