FINAL EXAM MULTIPLE CHOICE (PROJECT MANAGEMENT)-238 QUESTIONS FULLY SOLVED & UPDATED

E. All of the Above A project is a series of activities and tasks that: A. Have a specific objective B. Have defined start and end dates C. Have funding limits (if applicable) D. Consume Resources E. All of the above D. All of the above Successful project management can be defined as achieving project objectives: A. Within time B. Within Cost C. At the desired performance/technology level D. All of the above E. A and B only Brainpower Read More B. Early, corrective action A benefit of project management is the _______ identification of problems so that ___________ can follow. A. Rapid, executive involvement B. Early, corrective action C. Untimely, contingency plans D. Executive, project replanning E. Rapid, customer notification A. class or prestige Project management is designed to overcome the ______ gaps between the various levels of management. A. Class or prestige B. Marketing C. Marketing and engineering D. Executive E. None of the above E. dependent on the company and/or industry A typical short-term project would be: A. Three months B. Six months C. One year D. Less than two years E. Dependent on the company and/or industry E. All of the above are resources Company resources generally include all of the following except: A. Money B. People C. Equipment and facilities D. Information and technology E. All of the above are resources B. Their line manager Under most situations, functional employees that are assigned to a project take their technical direction from: A. The project manager B. Their line manager C. The project sponsor D. The customer's in-house representative E. All of the above A. Quantitative tools, organizational behavior, organizational structures Broadly speaking, effective project management requires an understanding of which three major areas? A. Quantitative tools, organizational behavior, organizational structures B. Quantitative tools, marketing, working with people C. Customer relations, planning skills, cost control D. Managing your customer, employee relations, scheduling E. Scheduling techniques, wage and salary administration, organizational behavior C. Senior management Setting a project selection criteria and establishing project priorities is the responsibility of: A. The project manager B. Line managers C. Senior management D. Customers E. All of the above B. Line manager Determining "who" will do the work, "where" the work will be done, and "how" the work will be done is most often the responsibility of the: A. Project manager B. Line manager C. Senior levels of management D. Customer interfafce E. All of the above B. Line manager Which individual has to cope most frequently with an unplanned absence of resources, breakdown of resources, loss of resources, and turnover of personnel? A. Project manager B. Line manager C. Senior management/sponsor D. Customer interface E. All of the above A. Line manager Successful project management is often based upon how well the ________ keeps his/her promises to the project. A. Line manager B. Functional employee C. Project sponsor D. Customer interface E. All of the above D. Shared accountability between project and line managers Project management is designed to be: A. A unity of command methodology B. A methodology with maximum authority resting with the project manager C. A methodology with maximum responsibility resting with the line managers D. Shared accountability between project and line managers E. None of the above A. Tiger Team projects At remote locations, functional employees take technical direction from the project manager. This situation would also exist at the home office for: A. Tiger Team projects B. Matrix projects C. Projects in the manufacturing life-cycle phase D. All of the above E. B and C only E. None of the above The stool for success in project management has three legs. These legs include the: A. Project manager, customer, and senior management B. Project manager, line managers, and functional employees C. Executive sponsor, functional employees, and the project manager D. The project manager, the project manager's sponsor, and the customer's project sponsor E. None of the above E. All of the above The role of the executive sponsor is to help the project manager. This help includes: A. Priority setting B. Assistance in conflict resolution C. Development of the master project plan D. Setting proper project objectives E. All of the above E. None of the above Which of the following administrative promises can a project manager make to functional employees who are still attached administratively to their line managers? A. Salary increases B. Promotions in grade C. Overtime pay D. Added responsibility on the project E. None of the above D. All of the above Improper project administrative planning can create a situation that requires: A. A continuous revision and/or establishment of company and/or project policies, procedures, and directives B. A continuous shifting in organizational responsibility and possible unnecessary restructuring C. A need for additional staff to support new knowledge and new skill requirements D. All of the above E. A and B only E. Take risks, avoid risks by testing everything There are major differences between project managers and project champions. Project managers will __________ whereas project champions will _________. A. Prefer working individually, prefer to work in groups B. Seek perfection, seek what is possible C. Manage things, manage people D. Seek to exceed objectives, seek to meet objectives E. Take risks, avoid risks by testing everything C. Complex, static or dynamic Historically, companies that have restructured for better project management have __________ tasks and must compete in a _____________ environment. A. Complex, static B. Complex, dynamic C. Complex, static or dynamic D. Simple, dynamic E. Simple, static