BUS 517 Midterm Exam Solution – FULL
POINTS
BUS 517 Midterm Exam Solved
ch1
Student:
1. The advent of project management has been most profound in A. Automobile
manufacturingB. ConstructionC. Information technologyD. The U.S. Department of
DefenseE. Film making
2. A professional organization for project management specialists is the A. PMI
B. AMAC. MISD. IPME. PMBOK
3. Which of the following is not considered to be a characteristic of a project? A. An
established objectiveB. A clear beginning and endC. Complex tasksD. Only for
internal useE. Never been done before
4. Which of the following activities is not considered a project? A. Developing a new
software programB. Designing a space stationC. Preparing the site for the Olympic
GamesD. Production of automobile tiresE. Developing a new advertising program
,5. From among the following activities, which is the best example of a project?
A. Processing insurance claimsB. Producing automobilesC. Writing a term paper
D. Completing a college degreeE. All of these are good examples of projects
6. Which of the following constraints is not typically found in managing projects?
A. TimeB. PeopleC. CostD. PerformanceE. Both B and D are not typical constraints
7. Which of the following choices is not one of the stages of a project life cycle?
A. ConceptualizingB. DefiningC. PlanningD. ExecutingE. Delivering
8. In which of the following stages are project objectives established, teams formed,
and major responsibilities assigned? A. ConceptualizingB. DefiningC. Planning
D. ExecutingE. Delivering
9. In which of the following stages is a major portion of the physical and mental
project work performed? A. ConceptualizingB. DefiningC. PlanningD. Executing
E. Delivering
10. In which of the following stages are you more likely to find status reports, many
changes, and the creation of forecasts? A. ConceptualizingB. DefiningC. Planning
D. ExecutingE. Delivering
11. Which of the following characteristics is not typical of a project manager?
A. Managing a temporary activityB. Possesses indepth technical knowledge
C. Managing a nonrepetitive activityD. Manages independently of the formal
organizationE. Provides a direct link to the customer
12. Which of the following choices is not one of the driving forces behind the
increasing demand for project management? A. Compression of the product life cycle
B. Knowledge explosionC. Development of third world and closed economies
D. More emphasis on the product and less on the customerE. Corporate downsizing
,13. Which of the following statements is true? A. Project management is becoming a
standard way of doing businessB. Project management is increasingly contributing to
achieving organizational strategiesC. Project management is being used at a
consistent percentage of a firm's effortsD. Both A and B are trueE. A, B, and C are all
true
14. Project management is ideally suited for a business environment requiring all of
the following except A. AccountabilityB. FlexibilityC. InnovationD. Speed
E. Repeatability
15. Which of the following is the number one characteristic that is looked for in
management candidates? A. Overall intelligenceB. Works well with others
C. ExperienceD. Past successesE. Good references
16. A common rule of thumb in the world of hightech product development is that a
sixmonth project delay can result in a loss of product revenue share of percent.
The waste on failed projects and cost overruns is estimated in the neighborhood of
A. 10B. 20C. 33D. 45E. 50
17. The waste on failed projects and cost overruns is estimated in the neighborhood
of A. Under $100 MillionB. Over $150 BillonC. Under $10 BillionD. Between $90
$100 BillionE. Between $125$135 Billion
18. Which of the following is the first step in developing a set of strategies designed
to best meet the needs of customers? A. Market ResearchB. Define the Integrated
Project Management SystemC. Environmental AnalysisD. Project SelectionE. All of
the above are correct
19. Integration of project management with the organization takes place with the
A. Master budgetB. Strategy planC. Process of managing actual projectsD. Both b and
c are correctE. A, B, and C are all correct
20. Two dimensions within the project management process are A. Technical and
socioculturalB. Cost and timeC. Planned and unexpectedD. Established and new
, E. Unique and reoccurring
21. Which of these is not part of the "technical dimension" of project management?
A. WBSB. BudgetsC. Problem solvingD. SchedulesE. Status reports
22. Which of these is not part of the "sociocultural dimension" of project
management? A. NegotiationB. Resource allocationC. Customer expectations
D. LeadershipE. Politics
23. Corporate downsizing has increased the trend toward A. Reducing the number of
projects a company initiatesB. Outsourcing significant segments of project work
C. Using dedicated project teamsD. Shorter project lead timesE. Longer project lead
times
24. The importance of project management has increased due to A. The movement of
manufacturing operations out of the U.SB. Time to marketC. The movement toward
flatter and leaner organizationsD. Both a and b are trueE. A, B, and C are all true
25. Which of the following is not typically the responsibility of a project manger?
A. Meeting budget requirementsB. Meeting schedule requirementsC. Meeting
performance specificationsD. Coordinates the actions of the team membersE. All of
these are typical responsibilities
26. A series of coordinated, related, multiple projects that continue over extended
time intended to achieve a goal is known as a A. StrategyB. ProgramC. Campaign
D. CrusadeE. Venture
27. In which of the following stages is it determined what the project will entail, when
it will be scheduled, whom it will benefit, and what the budget will be?
A. ConceptualizingB. DefiningC. PlanningD. ExecutingE. Delivering
28. Competing in a global market is influenced by A. Rapid changeB. Innovation
POINTS
BUS 517 Midterm Exam Solved
ch1
Student:
1. The advent of project management has been most profound in A. Automobile
manufacturingB. ConstructionC. Information technologyD. The U.S. Department of
DefenseE. Film making
2. A professional organization for project management specialists is the A. PMI
B. AMAC. MISD. IPME. PMBOK
3. Which of the following is not considered to be a characteristic of a project? A. An
established objectiveB. A clear beginning and endC. Complex tasksD. Only for
internal useE. Never been done before
4. Which of the following activities is not considered a project? A. Developing a new
software programB. Designing a space stationC. Preparing the site for the Olympic
GamesD. Production of automobile tiresE. Developing a new advertising program
,5. From among the following activities, which is the best example of a project?
A. Processing insurance claimsB. Producing automobilesC. Writing a term paper
D. Completing a college degreeE. All of these are good examples of projects
6. Which of the following constraints is not typically found in managing projects?
A. TimeB. PeopleC. CostD. PerformanceE. Both B and D are not typical constraints
7. Which of the following choices is not one of the stages of a project life cycle?
A. ConceptualizingB. DefiningC. PlanningD. ExecutingE. Delivering
8. In which of the following stages are project objectives established, teams formed,
and major responsibilities assigned? A. ConceptualizingB. DefiningC. Planning
D. ExecutingE. Delivering
9. In which of the following stages is a major portion of the physical and mental
project work performed? A. ConceptualizingB. DefiningC. PlanningD. Executing
E. Delivering
10. In which of the following stages are you more likely to find status reports, many
changes, and the creation of forecasts? A. ConceptualizingB. DefiningC. Planning
D. ExecutingE. Delivering
11. Which of the following characteristics is not typical of a project manager?
A. Managing a temporary activityB. Possesses indepth technical knowledge
C. Managing a nonrepetitive activityD. Manages independently of the formal
organizationE. Provides a direct link to the customer
12. Which of the following choices is not one of the driving forces behind the
increasing demand for project management? A. Compression of the product life cycle
B. Knowledge explosionC. Development of third world and closed economies
D. More emphasis on the product and less on the customerE. Corporate downsizing
,13. Which of the following statements is true? A. Project management is becoming a
standard way of doing businessB. Project management is increasingly contributing to
achieving organizational strategiesC. Project management is being used at a
consistent percentage of a firm's effortsD. Both A and B are trueE. A, B, and C are all
true
14. Project management is ideally suited for a business environment requiring all of
the following except A. AccountabilityB. FlexibilityC. InnovationD. Speed
E. Repeatability
15. Which of the following is the number one characteristic that is looked for in
management candidates? A. Overall intelligenceB. Works well with others
C. ExperienceD. Past successesE. Good references
16. A common rule of thumb in the world of hightech product development is that a
sixmonth project delay can result in a loss of product revenue share of percent.
The waste on failed projects and cost overruns is estimated in the neighborhood of
A. 10B. 20C. 33D. 45E. 50
17. The waste on failed projects and cost overruns is estimated in the neighborhood
of A. Under $100 MillionB. Over $150 BillonC. Under $10 BillionD. Between $90
$100 BillionE. Between $125$135 Billion
18. Which of the following is the first step in developing a set of strategies designed
to best meet the needs of customers? A. Market ResearchB. Define the Integrated
Project Management SystemC. Environmental AnalysisD. Project SelectionE. All of
the above are correct
19. Integration of project management with the organization takes place with the
A. Master budgetB. Strategy planC. Process of managing actual projectsD. Both b and
c are correctE. A, B, and C are all correct
20. Two dimensions within the project management process are A. Technical and
socioculturalB. Cost and timeC. Planned and unexpectedD. Established and new
, E. Unique and reoccurring
21. Which of these is not part of the "technical dimension" of project management?
A. WBSB. BudgetsC. Problem solvingD. SchedulesE. Status reports
22. Which of these is not part of the "sociocultural dimension" of project
management? A. NegotiationB. Resource allocationC. Customer expectations
D. LeadershipE. Politics
23. Corporate downsizing has increased the trend toward A. Reducing the number of
projects a company initiatesB. Outsourcing significant segments of project work
C. Using dedicated project teamsD. Shorter project lead timesE. Longer project lead
times
24. The importance of project management has increased due to A. The movement of
manufacturing operations out of the U.SB. Time to marketC. The movement toward
flatter and leaner organizationsD. Both a and b are trueE. A, B, and C are all true
25. Which of the following is not typically the responsibility of a project manger?
A. Meeting budget requirementsB. Meeting schedule requirementsC. Meeting
performance specificationsD. Coordinates the actions of the team membersE. All of
these are typical responsibilities
26. A series of coordinated, related, multiple projects that continue over extended
time intended to achieve a goal is known as a A. StrategyB. ProgramC. Campaign
D. CrusadeE. Venture
27. In which of the following stages is it determined what the project will entail, when
it will be scheduled, whom it will benefit, and what the budget will be?
A. ConceptualizingB. DefiningC. PlanningD. ExecutingE. Delivering
28. Competing in a global market is influenced by A. Rapid changeB. Innovation
