MGMT 4900 MULTIPLE CHOICE QUESTIONS
Identify and briefly describe the four stages of the Project Life Cycle. - Answer -Defining
stage: goals, specifications and objectives established; Planning stage: schedules,
budgets, risks
management and resource assignment; Executing stage: majority of physical and
mental work, status reports,
changes and forecasts; Closing stage: train customer, transfer documents, release
resources, and lessons learned
Leadership, teamwork, and negotiation are examples of the ________ dimension of the
project management process. - Answer -sociocultural
The final stage in the project life cycle is the ________ stage. - Answer -Closing
A professional organization for project management specialists is the ________. -
Answer -Project Management Institute (PMI)
The advent of many small projects has created the need for an organization that can
support ________ management. - Answer -multiproject
increased competition has placed a premium on customer satisfaction and the
development of ________ products and services. - Answer -customized
Describe what it means that a project manager must work with a diverse group of
characters? - Answer -manage the tension between customer expectations and what is
feasible and reasonable. They
provide direction, coordination, and integration to the project team. They often must
work with a diverse group
of outsiders-vendors, suppliers, subcontractors-who do not necessarily share their
project allegiance.
Because projects have a defined beginning and end, the ________ is frequently used to
manage the transitions of a project from start to completion. - Answer -Project Life
Cycle
One of the defining characteristics of a project is that it has a singular purpose, i.e., an
established ________. - Answer -objective
Identify the five major characteristics of a project. - Answer -(1) An established
objective; (2) A defined life span with a beginning and end; (3) Usually the involvement
of
several departments and professionals; (4) Typically, doing something that has never
been done before; (5)
Specific time, cost and performance requirements.
, A major part of the project work, both physical and mental, takes place in the ________
stage of the project life cycle. - Answer -executing
A temporary endeavor undertaken to create a unique product, service, or result is a(n)
________. - Answer -Project
A(n) ________ is a series of coordinated, related multiple projects that continue over an
extended time intended to achieve a goal. - Answer -Program
The project's schedule and budget will be determined in the ________ stage of the
project life cycle. - Answer -Planning
An increase in the complexity of projects, because projects typically include the latest
advances, can be the result of a growth in new ________. - Answer -Knowledge
Compare and contrast the Product Life Cycle and the Project Life Cycle. - Answer -The
Product Life Cycle deals with the time it takes to develop a product and the time it
remains in the
marketplace. The Project Life Cycle is the stages that a new product goes through while
being developed.
What is the difference between a project and a program? - Answer -The terms are
often used interchangeably in business; however, a program is considered to be a
series of
coordinated, related, and multiple projects that continue over an extended time intended
to achieve a goal.
Describe what project governance means to project management. Why is it important to
organizational strategy? - Answer -Project governance means applying a set of
knowledge, skills, tools and techniques to a collection of projects in
order to move the organization toward its strategic goals.
Identify and briefly discuss the two key dimensions of managing actual projects. Explain
why both are important to successfully manage a project. Use an example to support
your answer. - Answer -The technical includes schedules and status reports. The
sociocultural dimension includes leadership, problem
solving and negotiation.
Even if you never aspire to be a "project manager," why is it important to know how to
manage projects effectively? Explain your answer and use an example to support your
answer. - Answer -Even if you have no desire to be a project manager you may be a
part of a project team where you will have a
better understanding of the processes involved. In addition, there are many project
management skills that can
be applied to other professions and industries
Identify and briefly describe the four stages of the Project Life Cycle. - Answer -Defining
stage: goals, specifications and objectives established; Planning stage: schedules,
budgets, risks
management and resource assignment; Executing stage: majority of physical and
mental work, status reports,
changes and forecasts; Closing stage: train customer, transfer documents, release
resources, and lessons learned
Leadership, teamwork, and negotiation are examples of the ________ dimension of the
project management process. - Answer -sociocultural
The final stage in the project life cycle is the ________ stage. - Answer -Closing
A professional organization for project management specialists is the ________. -
Answer -Project Management Institute (PMI)
The advent of many small projects has created the need for an organization that can
support ________ management. - Answer -multiproject
increased competition has placed a premium on customer satisfaction and the
development of ________ products and services. - Answer -customized
Describe what it means that a project manager must work with a diverse group of
characters? - Answer -manage the tension between customer expectations and what is
feasible and reasonable. They
provide direction, coordination, and integration to the project team. They often must
work with a diverse group
of outsiders-vendors, suppliers, subcontractors-who do not necessarily share their
project allegiance.
Because projects have a defined beginning and end, the ________ is frequently used to
manage the transitions of a project from start to completion. - Answer -Project Life
Cycle
One of the defining characteristics of a project is that it has a singular purpose, i.e., an
established ________. - Answer -objective
Identify the five major characteristics of a project. - Answer -(1) An established
objective; (2) A defined life span with a beginning and end; (3) Usually the involvement
of
several departments and professionals; (4) Typically, doing something that has never
been done before; (5)
Specific time, cost and performance requirements.
, A major part of the project work, both physical and mental, takes place in the ________
stage of the project life cycle. - Answer -executing
A temporary endeavor undertaken to create a unique product, service, or result is a(n)
________. - Answer -Project
A(n) ________ is a series of coordinated, related multiple projects that continue over an
extended time intended to achieve a goal. - Answer -Program
The project's schedule and budget will be determined in the ________ stage of the
project life cycle. - Answer -Planning
An increase in the complexity of projects, because projects typically include the latest
advances, can be the result of a growth in new ________. - Answer -Knowledge
Compare and contrast the Product Life Cycle and the Project Life Cycle. - Answer -The
Product Life Cycle deals with the time it takes to develop a product and the time it
remains in the
marketplace. The Project Life Cycle is the stages that a new product goes through while
being developed.
What is the difference between a project and a program? - Answer -The terms are
often used interchangeably in business; however, a program is considered to be a
series of
coordinated, related, and multiple projects that continue over an extended time intended
to achieve a goal.
Describe what project governance means to project management. Why is it important to
organizational strategy? - Answer -Project governance means applying a set of
knowledge, skills, tools and techniques to a collection of projects in
order to move the organization toward its strategic goals.
Identify and briefly discuss the two key dimensions of managing actual projects. Explain
why both are important to successfully manage a project. Use an example to support
your answer. - Answer -The technical includes schedules and status reports. The
sociocultural dimension includes leadership, problem
solving and negotiation.
Even if you never aspire to be a "project manager," why is it important to know how to
manage projects effectively? Explain your answer and use an example to support your
answer. - Answer -Even if you have no desire to be a project manager you may be a
part of a project team where you will have a
better understanding of the processes involved. In addition, there are many project
management skills that can
be applied to other professions and industries
