Iem 3403 Complete Study Guide Test 2024.

IEM 3403 COMPLETE STUDY GUIDE TEST 2024. PMBOK 10 knowledge areas - correct answer 1. Integration 2. Scope 3. Schedule 4. Cost 5. Quality 6. Resources 7. Communication 8. Risk 9. Procurement 10. Stakeholders PMBOK 5 Life Cycle Phases - correct answer 1. Initiation 2. Planning 3. Execution 4. Monitoring and Controlling 5. Closure Triple Constraints - correct answer 1. Time 2. Cost 3. Performance (Scope, Quality, Technology) Talent Triangle - correct answer 1. Technical PM 2. Leadership 3. Strategic and Business Management Can Project Managers be gatekeepers? - correct answer No In today's market, which of the following industries appears to have a need for project management? A. Aerospace and defense B. Construction C. Information systems D. All industries have a need for project management - correct answer All industries have a need for project management Which of the following is not one of the PMBOK Guide's five process groups? A. Scheduling B. Planning C. Execution D. Closure - correct answer Scheduling Which of the following is normally not one of the traditional components of the triple constraint? A. Within time B. Within cost C. Within performance (scope, technology or quality) D. Accepted by the customer - correct answer Accepted by the customer Which of the following is a potential benefit of using project management? A. Maximization of continuous reporting B. No need for identification of functional responsibilities C. Identification of time limits for scheduling D. No need for a project management methodology - correct answer Identification of time limits for scheduling Which of the following functions of classical management is generally not performed by the project manager? A. Planning B. Organizing C. Staffing D. Controlling - correct answer Staffing Typical cost overruns on government contracts in the early years of project management reached: A. 20% B. 50% C. 100%