PROJECT MANAGEMENT IN PRACTICE 8TH EDITION BY JACK R.
MEREDITH (AUTHOR), SCOTT M. SHAFER (AUTHOR) COMPLETE TEST
BANK LATEST UPDATE 2026| CHAPTER 1-8| VERIFIED QUESTIONS &
ANSWERS A+ GUIDE GURANTEED PASS
, TABLE OF CONTENTS
CHAPTER 1: THE WORLD OF PROJECT MANAGEMENT ................................................................. 2
CHAPTER 2: THE MANAGER, THE ORGANIZATION, AND THE TEAM .......................................... 30
CHAPTER 3: PROJECT ACTIVITY AND RISK PLANNING ................................................................ 56
CHAPTER 4: BUDGETING THE PROJECT........................................................................................ 79
CHAPTER 5: SCHEDULING THE PROJECT .................................................................................... 105
CHAPTER 6: ALLOCATING RESOURCES TO THE PROJECT ........................................................... 131
CHAPTER 7: MONITORING AND CONTROLLING THE PROJECT ................................................. 157
CHAPTER 8: EVALUATING AND CLOSING THE PROJECT ............................................................. 183
CHAPTER 1: THE WORLD OF PROJECT MANAGEMENT
TRUE/FALSE
1. A PRIMARY PURPOSE OF FORMING PROJECTS IS TO ASSIGN THE RESPONSIBILITY FOR
ACCOMPLISHING SOME ORGANIZATIONAL TASK TO A SPECIFIC PERSON OR SMALL GROUP.
ANS: TRUE
RESPONSE: SEE SECTION 1.1 LEVEL: EASY
2. ONE OF THE FEW SIMILARITIES BETWEEN PROJECT MANAGEMENT AND GENERAL
MANAGEMENT IS THAT BOTH EXIST IN THE WELL-DEFINED ORGANIZATIONAL STRUCTURE OF
SUPERIOR/SUBORDINATES IN THE OVERALL ORGANIZATION.
ANS: FALSE
RESPONSE: SEE SECTION 1.2 LEVEL: MEDIUM
,3. MANY RECENT DEVELOPMENTS IN PROJECT MANAGEMENT ARE BEING DRIVEN BY
CHANGES IN THE NATURE OF THE AMERICAN WORKFORCE.
ANS: FALSE
RESPONSE: SEE SECTION 1.1 LEVEL: MEDIUM
4. THERE HAS BEEN A GROWING USE OF PROJECTS TO ACHIEVE AN ORGANIZATION’S
STRATEGIC GOALS
ANS: TRUE
RESPONSE: SEE SECTION 1.1 LEVEL: MEDIUM
5. WHILE GENERAL MANAGERS HAVE THEIR AUTHORITY LIMITED TO SPECIFIC AREAS IN
THE OVERALL ORGANIZATION, PROJECT MANAGERS HAVE AUTHORITY OVER ANY ACTIVITY
REQUIRED BY THE PROJECT.
ANS: FALSE
RESPONSE: SEE SECTION 1.2 LEVEL: MEDIUM
6. PROJECTS ARE ALWAYS CARRIED OUT UNDER CONDITIONS OF UNCERTAINTY.
, ANS: TRUE
RESPONSE: SEE SECTION 1.3 LEVEL: EASY
7. ONE CAN TRADE-OFF TIME AND COST WHEN MANAGING A PROJECT, BUT THE
PROJECT’S TECHNICAL SPECIFICATIONS MUST BE MAINTAINED EXACTLY AS THE CLIENT INITIALLY
SPECIFIES.
ANS: FALSE
RESPONSE: SEE SECTION 1.3 LEVEL: MEDIUM
8. NONNUMERIC PROJECT SELECTION METHODS ARE ONLY SUITABLE IF NUMERIC
METHODS ARE NOT AVAILABLE.
ANS: FALSE
RESPONSE: SEE SECTION 1.5 LEVEL: MEDIUM
9. WHEN USING FINANCIAL METHODS FOR SELECTING PROJECTS, THE PAYBACK PERIOD IS
THE SIMPLEST AND BEST METHOD TO USE.
ANS: FALSE
RESPONSE: SEE SECTION 1.5 LEVEL: MEDIUM
MEREDITH (AUTHOR), SCOTT M. SHAFER (AUTHOR) COMPLETE TEST
BANK LATEST UPDATE 2026| CHAPTER 1-8| VERIFIED QUESTIONS &
ANSWERS A+ GUIDE GURANTEED PASS
, TABLE OF CONTENTS
CHAPTER 1: THE WORLD OF PROJECT MANAGEMENT ................................................................. 2
CHAPTER 2: THE MANAGER, THE ORGANIZATION, AND THE TEAM .......................................... 30
CHAPTER 3: PROJECT ACTIVITY AND RISK PLANNING ................................................................ 56
CHAPTER 4: BUDGETING THE PROJECT........................................................................................ 79
CHAPTER 5: SCHEDULING THE PROJECT .................................................................................... 105
CHAPTER 6: ALLOCATING RESOURCES TO THE PROJECT ........................................................... 131
CHAPTER 7: MONITORING AND CONTROLLING THE PROJECT ................................................. 157
CHAPTER 8: EVALUATING AND CLOSING THE PROJECT ............................................................. 183
CHAPTER 1: THE WORLD OF PROJECT MANAGEMENT
TRUE/FALSE
1. A PRIMARY PURPOSE OF FORMING PROJECTS IS TO ASSIGN THE RESPONSIBILITY FOR
ACCOMPLISHING SOME ORGANIZATIONAL TASK TO A SPECIFIC PERSON OR SMALL GROUP.
ANS: TRUE
RESPONSE: SEE SECTION 1.1 LEVEL: EASY
2. ONE OF THE FEW SIMILARITIES BETWEEN PROJECT MANAGEMENT AND GENERAL
MANAGEMENT IS THAT BOTH EXIST IN THE WELL-DEFINED ORGANIZATIONAL STRUCTURE OF
SUPERIOR/SUBORDINATES IN THE OVERALL ORGANIZATION.
ANS: FALSE
RESPONSE: SEE SECTION 1.2 LEVEL: MEDIUM
,3. MANY RECENT DEVELOPMENTS IN PROJECT MANAGEMENT ARE BEING DRIVEN BY
CHANGES IN THE NATURE OF THE AMERICAN WORKFORCE.
ANS: FALSE
RESPONSE: SEE SECTION 1.1 LEVEL: MEDIUM
4. THERE HAS BEEN A GROWING USE OF PROJECTS TO ACHIEVE AN ORGANIZATION’S
STRATEGIC GOALS
ANS: TRUE
RESPONSE: SEE SECTION 1.1 LEVEL: MEDIUM
5. WHILE GENERAL MANAGERS HAVE THEIR AUTHORITY LIMITED TO SPECIFIC AREAS IN
THE OVERALL ORGANIZATION, PROJECT MANAGERS HAVE AUTHORITY OVER ANY ACTIVITY
REQUIRED BY THE PROJECT.
ANS: FALSE
RESPONSE: SEE SECTION 1.2 LEVEL: MEDIUM
6. PROJECTS ARE ALWAYS CARRIED OUT UNDER CONDITIONS OF UNCERTAINTY.
, ANS: TRUE
RESPONSE: SEE SECTION 1.3 LEVEL: EASY
7. ONE CAN TRADE-OFF TIME AND COST WHEN MANAGING A PROJECT, BUT THE
PROJECT’S TECHNICAL SPECIFICATIONS MUST BE MAINTAINED EXACTLY AS THE CLIENT INITIALLY
SPECIFIES.
ANS: FALSE
RESPONSE: SEE SECTION 1.3 LEVEL: MEDIUM
8. NONNUMERIC PROJECT SELECTION METHODS ARE ONLY SUITABLE IF NUMERIC
METHODS ARE NOT AVAILABLE.
ANS: FALSE
RESPONSE: SEE SECTION 1.5 LEVEL: MEDIUM
9. WHEN USING FINANCIAL METHODS FOR SELECTING PROJECTS, THE PAYBACK PERIOD IS
THE SIMPLEST AND BEST METHOD TO USE.
ANS: FALSE
RESPONSE: SEE SECTION 1.5 LEVEL: MEDIUM
