TEST BANK
Copyright ©2017 John Wiley & Sons, Inc.
, TABLE OF CONTENT
1 The World of Project Management 1
1.1 What is a Project? 1
1.1.1 Trends in Project Management 2
1.2 Project Management Versus General Management 4
1.2.1 Major Differences 4
1.2.2 Negotiation 5
1.3 Agile Project Management 6
1.4 What is Managed? The Three Goals of a Project 10
1.5 The Life Cycles of Projects 12
1.6 Selecting Projects to Meet Organizational Objectives 14
1.6.1 Nonnumeric Selection Methods 15
1.6.2 Numeric Selection Methods 16
1.7 The Project Portfolio Process 23
1.8 The Materials in this Text 27
Copyright ©2017 John Wiley & Sons, Inc.
,TEST BANK FOR
Project Management in Practice, 7th Edition Meredith
Chapter 1-8
Chapter 1: The World of Project Management
True/False
ANSWERS ARE AT THE LAST PAGE OF EACH CHAPTER
1. A primary purpose of forming projects is to assign the responsibility
for accomplishing some organizational task to a specific person or
small group.
ANSWER: 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.
ANSWER: 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.
ANSWER: False
Response: See section 1.1
Level: medium
4. There has been a growing use of projects to achieve an organization’s
strategic goals
ANSWER: True
Response: See section 1.1
Level: medium
Copyright ©2017 John Wiley & Sons, Inc.
, 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.
ANSWER: False
Response: See section 1.2
Level: medium
6. Projects are always carried out under conditions of uncertainty.
ANSWER: 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.
ANSWER: False
Response: See section 1.3
Level: medium
8. Nonnumeric project selection methods are only suitable if numeric
methods are not available.
ANSWER: 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.
ANSWER: False
Response: See section 1.5
Level: medium
10 Rank-ordering a large number of projects can be done with a Q-sort.
Copyright ©2017 John Wiley & Sons, Inc.
Copyright ©2017 John Wiley & Sons, Inc.
, TABLE OF CONTENT
1 The World of Project Management 1
1.1 What is a Project? 1
1.1.1 Trends in Project Management 2
1.2 Project Management Versus General Management 4
1.2.1 Major Differences 4
1.2.2 Negotiation 5
1.3 Agile Project Management 6
1.4 What is Managed? The Three Goals of a Project 10
1.5 The Life Cycles of Projects 12
1.6 Selecting Projects to Meet Organizational Objectives 14
1.6.1 Nonnumeric Selection Methods 15
1.6.2 Numeric Selection Methods 16
1.7 The Project Portfolio Process 23
1.8 The Materials in this Text 27
Copyright ©2017 John Wiley & Sons, Inc.
,TEST BANK FOR
Project Management in Practice, 7th Edition Meredith
Chapter 1-8
Chapter 1: The World of Project Management
True/False
ANSWERS ARE AT THE LAST PAGE OF EACH CHAPTER
1. A primary purpose of forming projects is to assign the responsibility
for accomplishing some organizational task to a specific person or
small group.
ANSWER: 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.
ANSWER: 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.
ANSWER: False
Response: See section 1.1
Level: medium
4. There has been a growing use of projects to achieve an organization’s
strategic goals
ANSWER: True
Response: See section 1.1
Level: medium
Copyright ©2017 John Wiley & Sons, Inc.
, 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.
ANSWER: False
Response: See section 1.2
Level: medium
6. Projects are always carried out under conditions of uncertainty.
ANSWER: 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.
ANSWER: False
Response: See section 1.3
Level: medium
8. Nonnumeric project selection methods are only suitable if numeric
methods are not available.
ANSWER: 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.
ANSWER: False
Response: See section 1.5
Level: medium
10 Rank-ordering a large number of projects can be done with a Q-sort.
Copyright ©2017 John Wiley & Sons, Inc.
