Summary Contemporary Project Management 4th Edition test bank

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1. A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique
product or service.
a. True
b. False
ANSWER: True
DIFFICULTY: Easy
LEARNING OBJECTIVES: CPTM.KLOP.19.01.01 - Define a project and project management in your own
words, using characteristics that are common to most projects, and describe
reasons why more organizations are using project management.
KEYWORDS: Bloom's: Knowledge
NOTES: Completion Time: 3 Minutes

2. A project is a lasting endeavor undertaken to maintain a reliable product or service.
a. True
b. False
ANSWER: False
DIFFICULTY: Easy
LEARNING OBJECTIVES: CPTM.KLOP.19.01.01 - Define a project and project management in your own
words, using characteristics that are common to most projects, and describe
reasons why more organizations are using project management.
KEYWORDS: Bloom's: Comprehension
NOTES: Completion Time: 3 Minutes

3. Projects are subject to limitations of time and resources such as money and people.
a. True
b. False
ANSWER: True
DIFFICULTY: Moderate
LEARNING OBJECTIVES: CPTM.KLOP.19.01.01 - Define a project and project management in your own
words, using characteristics that are common to most projects, and describe
reasons why more organizations are using project management.
KEYWORDS: Bloom's: Comprehension
NOTES: Completion Time: 5 Minutes

4. Project plans and goals become more specific as early work is completed.
a. True
b. False
ANSWER: True
DIFFICULTY: Easy
LEARNING OBJECTIVES: CPTM.KLOP.19.01.01 - Define a project and project management in your own
words, using characteristics that are common to most projects, and describe
reasons why more organizations are using project management.
KEYWORDS: Bloom's: Knowledge
NOTES: Completion Time: 3 Minutes

5. Operations consist of the ongoing work needed to ensure that an organization continues to function effectively.

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a. True
b. False
ANSWER: True
DIFFICULTY: Easy
LEARNING OBJECTIVES: CPTM.KLOP.19.01.01 - Define a project and project management in your own
words, using characteristics that are common to most projects, and describe
reasons why more organizations are using project management.
KEYWORDS: Bloom's: Knowledge
NOTES: Completion Time: 3 Minutes

6. A project manager needs to be concerned with achieving desired scope and quality (often called performance), subject
to constraints of time and cost.
a. True
b. False
ANSWER: True
DIFFICULTY: Moderate
LEARNING OBJECTIVES: CPTM.KLOP.19.01.04 - Delineate measures of project success and failure, and
reasons for both.
KEYWORDS: Bloom's: Comprehension
NOTES: Completion Time: 5 Minutes

7. Many different project life cycle models are used for different types of projects, such as information systems,
improvement, research and development, and construction.
a. True
b. False
ANSWER: True
DIFFICULTY: Moderate
LEARNING OBJECTIVES: CPTM.KLOP.19.01.02 - Describe major activities and deliverables at each project
life cycle stage.
KEYWORDS: Bloom's: Comprehension
NOTES: Completion Time: 5 Minutes

8. Generally,the pace of work and amount of money spent remains consistent from one life cycle stage to another.
a. True
b. False
ANSWER: False
DIFFICULTY: Moderate
LEARNING OBJECTIVES: CPTM.KLOP.19.01.02 - Describe major activities and deliverables at each project
life cycle stage.
KEYWORDS: Bloom's: Comprehension
NOTES: Completion Time: 5 Minutes

9. Project customers can be either internal or external to the organization.
a. True
b. False
ANSWER: True
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