EBTM 343 ALL CHAPTERS (1-11 AND 13)
QUESTIONS BANK | 323 QUESTIONS | WITH
COMPLETE SOLUTIONS GRADED A+
5 Major Characteristics Of A Project Answer - 1. Established objective
2. Defined life span with beginning/end
3. Usually, involvement of several departments/professionals
4. Typically, doing something that has not been done before
5. Specific time, cost, performance requirements
2 Main Reasons Project Managers Need To Understand Organization's
Mission/Strategy Answer - 1. Make appropriate decisions/adjustments
2. Effectively advocate for projects
Project Management System Provides Framework For Answer -
Launching/implementing project activities in organization
Program Answer - Group of related projects designed to accomplish a common
goal over extended period of time
Strategic Management Process Answer - Describes how organization intends to
compete with available resources in existing/perceived future environment
One Approach To Organizing Projects Is To Answer - Manage them within
existing functional hierarchy of organization
,Program Management Answer - Managing group of ongoing, interdependent,
related projects in coordinated way to achieve strategic objections
2 Major Dimensions Of Strategic Management Answer - 1. Responding to
changes in external environment
2. Allocating scarce resources of firm to improve competitive position
4 Major Advantages To Using Existing Functional Organization To
Administer/Complete Projects Answer - 1. No change
2. Flexibility
3. In-depth expertise
4. Easy post-project transition
No Change Answer - No radical alteration in design/operation
4 Activities Of Strategic Management Process Answer - 1. Review/define
organizational mission
2. Analyze/formulate strategies
3. Set objectives to achieve strategy
4. Implementing strategies through projects
4 Parts Of Project Life Cycle Answer - 1. Definition
2. Planning
3. Execution
4. Delivery
Defining Stage Answer - Specifications of projects are defined; project
objectives are established; teams formed, major responsibilities assigned
,Priority System Answer - Selects projects by using selected criteria to evaluate
projects linked to higher level strategies
Flexibility Answer - Switching staff among projects
Planning Stage Answer - Level of effort increases, plans are developed to
determine what project will entail, scheduling, benefits, maintained quality
level, budget
Project Portfolio Answer - Group of projects that have been selected for
implementation balanced by project type, risk, ranking by selected criteria
In-Depth Expertise Answer - Experts help with crucial aspects of project
Easy Post-Project Transition Answer - Normal career path maintained
Executing Stage Answer - Major portion of project work takes place -
physical/mental - physical product produced, time, cost, specification measures
used for control
5 Symptoms Of Organizational Struggles With Unclear Priorities Answer - 1.
Frequent conflicts among functional managers b/c lack of trust
2. Frequent meetings called to establish/renegotiate priorities
3. People shift from one project to another, depending on priority
4. People working on multiple projects feel insufficient
5. Resources are not adequate
, 3 Activities Of Closing Stage Answer - 1. Delivering project product to customer
2. Redeploying project resources
3. Post-project review
Sacred Cow Answer - Project favored by powerful management figure who is
usually project champion
4 Major Disadvantages For Organizing Projects Answer - 1. Lack of focus
2. Poor integration
3. Slow
4. Lack of ownership
Project Managers Manage Answer - Temporary, non-repetitive activities, to
complete fixed life projects
Project Sponsor Answer - Typically high-ranking manager who
champions/supports project
Dedicated Project Team Answer - Organizational structure where all resources
needed to accomplish projects are assigned full time to project
Project Managers Provide Answer - Direction, coordination, integration to
project team
3 Basic Kinds Of Products In Portfolio Answer - 1. Compliance
2. Operational
3. Strategic
QUESTIONS BANK | 323 QUESTIONS | WITH
COMPLETE SOLUTIONS GRADED A+
5 Major Characteristics Of A Project Answer - 1. Established objective
2. Defined life span with beginning/end
3. Usually, involvement of several departments/professionals
4. Typically, doing something that has not been done before
5. Specific time, cost, performance requirements
2 Main Reasons Project Managers Need To Understand Organization's
Mission/Strategy Answer - 1. Make appropriate decisions/adjustments
2. Effectively advocate for projects
Project Management System Provides Framework For Answer -
Launching/implementing project activities in organization
Program Answer - Group of related projects designed to accomplish a common
goal over extended period of time
Strategic Management Process Answer - Describes how organization intends to
compete with available resources in existing/perceived future environment
One Approach To Organizing Projects Is To Answer - Manage them within
existing functional hierarchy of organization
,Program Management Answer - Managing group of ongoing, interdependent,
related projects in coordinated way to achieve strategic objections
2 Major Dimensions Of Strategic Management Answer - 1. Responding to
changes in external environment
2. Allocating scarce resources of firm to improve competitive position
4 Major Advantages To Using Existing Functional Organization To
Administer/Complete Projects Answer - 1. No change
2. Flexibility
3. In-depth expertise
4. Easy post-project transition
No Change Answer - No radical alteration in design/operation
4 Activities Of Strategic Management Process Answer - 1. Review/define
organizational mission
2. Analyze/formulate strategies
3. Set objectives to achieve strategy
4. Implementing strategies through projects
4 Parts Of Project Life Cycle Answer - 1. Definition
2. Planning
3. Execution
4. Delivery
Defining Stage Answer - Specifications of projects are defined; project
objectives are established; teams formed, major responsibilities assigned
,Priority System Answer - Selects projects by using selected criteria to evaluate
projects linked to higher level strategies
Flexibility Answer - Switching staff among projects
Planning Stage Answer - Level of effort increases, plans are developed to
determine what project will entail, scheduling, benefits, maintained quality
level, budget
Project Portfolio Answer - Group of projects that have been selected for
implementation balanced by project type, risk, ranking by selected criteria
In-Depth Expertise Answer - Experts help with crucial aspects of project
Easy Post-Project Transition Answer - Normal career path maintained
Executing Stage Answer - Major portion of project work takes place -
physical/mental - physical product produced, time, cost, specification measures
used for control
5 Symptoms Of Organizational Struggles With Unclear Priorities Answer - 1.
Frequent conflicts among functional managers b/c lack of trust
2. Frequent meetings called to establish/renegotiate priorities
3. People shift from one project to another, depending on priority
4. People working on multiple projects feel insufficient
5. Resources are not adequate
, 3 Activities Of Closing Stage Answer - 1. Delivering project product to customer
2. Redeploying project resources
3. Post-project review
Sacred Cow Answer - Project favored by powerful management figure who is
usually project champion
4 Major Disadvantages For Organizing Projects Answer - 1. Lack of focus
2. Poor integration
3. Slow
4. Lack of ownership
Project Managers Manage Answer - Temporary, non-repetitive activities, to
complete fixed life projects
Project Sponsor Answer - Typically high-ranking manager who
champions/supports project
Dedicated Project Team Answer - Organizational structure where all resources
needed to accomplish projects are assigned full time to project
Project Managers Provide Answer - Direction, coordination, integration to
project team
3 Basic Kinds Of Products In Portfolio Answer - 1. Compliance
2. Operational
3. Strategic
