OMGT 5783 Project Management Midterm Actual
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In today's customer-focused organizations, the customer is recognized as
the final authority of what constitutes quality. Nevertheless, customer
tastes and feature preferences vary from customer to customer. Increased
competition has placed a premium on customer satisfaction and the
development of __________ products and services.
a. consistent
b. creative
c. customized
d. unique
e. quality - ANSWER-c. customized
One of the defining characteristics of a project is that it has a singular
purpose, i.e., an established ________.
a. mission
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b. objective
c. goal
d. purpose
e. vision - ANSWER-b. objective
In which stage of the project life cycle are project objectives established,
teams formed, and major responsibilities assigned?
a. Identifying
b. Defining
c. Closing
d. Planning
e. Executing - ANSWER-b. Defining
Which of the following is NOT one of the driving forces behind the
increasing demand for project management?
a. Increasing need for concurrent multi-project management
b. Compression of the product life cycle
c. Knowledge explosion
d. More sustainable business practices
e. Declining need for product customization - ANSWER-e. Declining
need for product customization
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A project life cycle is characterized as made up of stages. The final stage
in the project life cycle is the __________ stage.
a. closing
b. planning
c. conceptual
d. executing
e. defining - ANSWER-a. closing
Which of the choices listed below is NOT considered a project?
a. Designing a space station
b. Developing a new advertising program
c. Preparing the site for the Olympic Games
d. Developing a new software program
e. Production of automobile tires - ANSWER-e. Production of
automobile tires
For companies of moderate-to-large size, it is not unusual to have
hundreds of small projects ongoing concurrently. The advent of many
small projects has created the need for an organization that can support
__________ management.
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a. program
b. portfolio
c. product
d. multi-project
e. concurrent - ANSWER-d. multi-project
Like many other professions such as accounting, marketing and finance,
there is a professional organization for project managers. One
professional organization for project managers has grown from 93,000
in 2002 to more than 565,000 currently and is the ___________.
a. Institute for Project Managers
b. The Union of Project Professionals
c. Project Management Institute (PMI)
d. Society for Project Professionals and Project Managers
e. Organization for Project Managers and Professionals - ANSWER-c.
Project Management Institute (PMI)
In which stage of the project life cycle are you more likely to find status
reports, changes, and the creation of forecasts?
a. Closing