Om 493 - Study guides, Class notes & Summaries
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OM 493 Chapter_02_Test_Bank
- Exam (elaborations) • 105 pages • 2023
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MC Qu. 01 (Static) Which of the following is NOT... 
Which of the following is NOT true about an organization's strategy? 
Strategy determines how an organization will compete. 
Strategy is implemented through projects. 
Only top management must understand strategy. 
Project selection should be clearly aligned with strategy. 
Project management plays a key role in supporting strategy. 
Strategy was considered to be under the purview of senior management, but this is old school 
thinking. Projec...
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OM 493 Chapter_08_Test_Bank Very Correct
- Exam (elaborations) • 116 pages • 2023
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MC Qu. 01 (Static) Resources are adequate, but demand varies... 
Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical 
activities to lower peak demand on resources is known as resource 
shifting. 
effectiveness. 
manipulating. 
smoothing. 
allocation. 
If resources are adequate but the demand varies widely over the life of the project, it may be 
desirable to even out resource demand by delaying noncritical activities (using slack) to lower peak 
de...
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OM 493 Chapter 10 Test Bank QUESTION AND ANSWERS 100% CORRECT
- Exam (elaborations) • 101 pages • 2023
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MC Qu. 01 (Static) Project success or failure often is... 
Project success or failure often is reliant upon the contributions of all the following groups of 
stakeholders EXCEPT 
customers. 
suppliers. 
contractors. 
competitors. 
top management. 
Project success does not just depend on the performance of the project team. Success or failure 
often depends on the contributions of top management, functional managers, customers, suppliers, 
contractors, and others. 
References 
Multiple Choice Dif...
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OM 493 Chapter_06_Test_Bank. A Graded
- Exam (elaborations) • 131 pages • 2023
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MC Qu. 01 (Static) Information to develop a project network... 
Information to develop a project network is collected from the 
organization breakdown structure. 
work breakdown structure. 
budget. 
project proposal. 
responsibility matrix. 
The project network is developed from the information collected for the work breakdown structure 
(WBS) and is a graphic flow chart of the project job plan. 
References 
Multiple Choice Difficulty: 2 Medium 
MC Qu. 01 
(Static) 
Information to 
develop a 
pr...
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OM 493 Chapter 9Test Bank QUESTION AND ANSWERS 100% CORRECT
- Exam (elaborations) • 88 pages • 2023
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MC Qu. 01 (Static) Without any formal planning, the president... 
Without any formal planning, the president of a high-tech company remarks in a speech that new technologically 
advanced routers will be available in one year. This may lead to a project that must be done faster than anticipated. This 
is an example of reducing project duration caused by 
imposed project deadlines. 
time to market. 
unforeseen project delays. 
high overhead. 
incentive contracts. 
Imposed deadlines are another rea...
And that's how you make extra money
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OM 493 Chapter 11 Test Bank QUESTION AND ANSWERS 100% CORRECT
- Exam (elaborations) • 106 pages • 2023
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MC Qu. 01 (Static) The essence of positive synergy can... 
The essence of positive synergy can be found in the phrase, 
"Front of ship sink—back of ship sink." 
"If it doesn't kill you, it makes you stronger." 
"There is no ‘I’ in team." 
"Two heads are better than one." 
"The whole is greater than the sum of the parts." 
"If it doesn't kill you, it makes you stronger." 
The essence of positive synergy can be found in the phrase, "The whole is greater than the sum of 
the pa...
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OM 493 Chapter 15 Test Bank QUESTION AND ANSWERS 100% CORRECT
- Exam (elaborations) • 98 pages • 2023
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MC Qu. 01 (Static) Traditional approaches to project management 
concentrate... 
Traditional approaches to project management concentrate firmly on 
thorough planning up front. 
new technology. 
flexibility. 
change. 
iterative development. 
Traditional approaches to project management concentrate firmly on thorough planning up front. 
The rationale is that if you plan, execute your plan, and take corrective action on deviations from 
plan, you have a high probability of success. 
References 
Mu...
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OM 493 Chapter 11 Test Bank EXAM 2023 GRADED A+
- Exam (elaborations) • 106 pages • 2023
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MC Qu. 01 (Static) The essence of positive synergy can... 
The essence of positive synergy can be found in the phrase, 
"Front of ship sink—back of ship sink." 
"If it doesn't kill you, it makes you stronger." 
"There is no ‘I’ in team." 
"Two heads are better than one." 
"The whole is greater than the sum of the parts." 
"If it doesn't kill you, it makes you stronger." 
The essence of positive synergy can be found in the phrase, "The whole is greater than the sum of 
the pa...
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OM 493 Chapter 03 Test Bank QUESTION AND ANSWERS 100% CORRECT
- Exam (elaborations) • 105 pages • 2023
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MC Qu. 01 (Static) Organizational culture has a connection... 
Organizational culture has a connection to projects. It (organizational culture) is best explained as 
organizational _____. 
personality 
hierarchy 
reporting relationships 
background 
management style 
A simple explanation of organizational culture is that it reflects the "personality" of an organization. 
References 
Multiple Choice Difficulty: 1 Easy 
MC Qu. 01 
(Static) 
Organizational 
culture has a 
connection... 
Learning ...
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OM 493 Chapter_05_Test_Bank A Graded
- Exam (elaborations) • 111 pages • 2023
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MC Qu. 02 (Static) In practice, estimating processes are frequently... 
In practice, estimating processes are frequently classified as 
top down/bottom up. 
rough/polished. 
precise/order of magnitude. 
draft/final. 
broad/specific. 
Estimating processes are frequently classified as top-down and bottom-up. Top-down estimates are 
usually done by senior management. Bottom-up estimates are typically done by the people doing 
the work. 
References 
Multiple Choice Difficulty: 1 Easy 
MC Qu. 02 
(St...
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