Study guides, Class notes & Summaries

Project Management Final Exam Questions With All Correct Answers Generally speaking, the lowest level in the WBS is referred as: A. Level 3 B. Level 4 C. Level 5 D. The work package - ANSWER- The work package Scope creep is generally the result of: A. having too many levels in the WBS B. Poorly defined SOW (Scope of work) C. Too much detail in the specification D. Having the wrong people assigned to the project - ANSWER- Poorly defined SOW Which of the following is not a ben...

Project Management Final Test Questions With Correct Answers Who should know the most about the progress toward a business objective or a release, and be able to explain the alternatives most clearly? - ANSWER The Product Owner The Product Owner is the sole person responsible for managing the Product Backlog, which includes that the Product Backlog is visible, transparent, and clear to all, and shows what the Scrum Team will work on next. Development Team membership should change: ...

Project Management Exam Questions With Answers All Correct Answers Answered Correctly Responsibility Matrix is: - ANSWER- Both A and B Matrix structure optimizes the use of resources: - ANSWER- Both B and C ___________ are spent on projects each year in the United States alone. - ANSWER- Approximately $2.5 trillion Applying a weighted scoring model to align projects closer with the organization's strategic goals is considered to be: - ANSWER- Selecting a Model Why estimating time...

Project Management Exam Questions With 100% Correct Answers Define a project. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization? - ANSWER- 1. An established objective 2. A defined lifespan with a beginning and an end 3. Usually, the involvement of several departments and professionals 4. Typically, doing something that has never been done before 5. Specific time, cost, and performance requirements ...

Project Management Exam Questions With All Correct Detailed Answers What makes a project unique? - ANSWER- It is done only once What differentiates a project from a task? - ANSWER- Projects are often performed by a team, while tasks are often performed individually. What is best way to manage customers during the early stages of a project? - ANSWER- Involve customers in your project plan's development, review, and approval. Which project management variable encompasses key boundari...

Project Management Final Exam With Complete Solutions Project - ANSWER- A Project can be defined as a *temporary* endeavor undertaken to create a *unique* product, result or service. Major Characteristics of a Project - ANSWER- - Has an established objective - Are Unique - Are temporary in nature and have a defined life span with a beginning and an end - Requires across - the - organizational participation - Are completed when the project goals are achieved or it's determined the proj...

Project Management Final Exam Questions With Answers A project is: A. A set of sequential activities performed in a process or system. B. A revenue-generating activity that needs to be accomplished while achieving customer satisfaction. C. An ongoing endeavor undertaken to meet customer or market requirements. D. A temporary endeavor undertaken to create a unique product, service, or result. - ANSWER- D. A project is a temporary endeavor undertaken to create a unique product, service, o...

Project Management (Intro) Exam Questions With Answers Project Life Cycle - ANSWER The process of initiating a project, making a plan, executing and completing tasks, amd closing a project. Why should project mangers always make a plan (phase two) before executing and completing tasks (phase three)? - ANSWER Because creating a budget, setting a schedule, and determining roles and responsibilities is crucial to executing and completing tasks. As a project manager, your team is ...

Project Management Practice Exam Questions With Answers 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? - ANSWER- Interdependent Tasks A firm begins its strategic business initiative of developing a new business model to enhance its com...

Project Management Exam Questions With All Correct Answers You're managing a project for a military subcontractor to modify the software for a missile guidance system. You're planning the project, and need to take into account information about the company's operating environment. Which of the following is NOT an example of the factors you are looking at. A. Marketplace conditions B. The forecast for project completion, including ETC and TCPI C. Government standards you need to comply...