A project is: A set of sequential activities performed in a process or system. A revenue-generating activity that needs to be accomplished while achieving customer satisfaction. An ongoing endeavor undertaken to meet customer or market requirements. A temporary endeavor undertaken to create a unique product, service, or result. .
Project Management is: The integration of the critical path method and the Earned Value Management system. The application of knowledge, skills, tools and techniques to project activities to meet project requirements. The application of knowledge, skills, wisdom, science, and art to organizational activities to achieve operational excellence. A subset of most engineering and other technical disciplines. .
Managing a project includes: Balancing the competing demands for quality, scope, time, and cost. Integrating requirements of profitability, low cost, and legal responsibility. Implementation of software, hardware, and other systems to enhance organizational efficiency. Supporting human factors, communications, discipline, and performance management. .
A program is a: Grouping of related tasks lasting one year or less. Group of related projects managed in a coordinated way. Project with a cost over $1 million. Sequence of steps constituting a project. .
One goal of portfolio management is to: Manage various contents of the project file. Manage the levels of financial authority to facilitate project decision-making. Maximize the value of the portfolio by careful examination of candidate projects and programs for inclusion in the portfolio and the timely exclusion of projects not meeting the portfolios strategic objectives. Applying resource-leveling heuristics across all the organizations projects. .
International factors to be considered by the project team generally include all of the following EXCEPT: Time-zone differences. National and regional holidays. Travel requirements for face-to-face meetings Project reporting formats. .
Cultural and social environmental aspects to be considered by the project team include all of the following areas EXCEPT: Economic. Occasional. Educational. Demographic. .
In understanding the project environment, all of the following are true EXCEPT: Projects are planned and implemented in a social, economic, and environmental context. Projects may have intended positive and/or negative impacts. Projects may have unintended positive and/or negative impacts The project team rarely should consider the political and physical environmental contexts of the project. .
Organizations perform work to achieve a set of objectives. All of the following are true about projects and operations work EXCEPT Both projects and operations are constrained by limited resources Operations are ongoing and repetitive, while projects are temporary and unique Both projects and operations are planned, executed, and controlled. All activities in the organization can be addressed within the organizations normal operational limits. Therefore, projects are rarely utilized as a means of achieving an organizations strategic plan. .
Key features of a project management office (PMO) generally include all of the following EXCEPT: Delivering specific project objectives and controlling the assigned project resources to best meet objectives of the project. Identification and development of project management methodology, best practices, and standards. Centralized repository and management for both shared and unique risks for all projects. A mentoring platform for project managers. .
Project managers or the organization can divide projects into phases. Collectively, these phases are known as the: Project waterfall Project life cycle Project life stages. Project life quality circle.
All of the following are true about project phases and the project life cycle EXCEPT: The completion and approval of one or more deliverables characterizes a project phase. The project life cycle defines the phases that connect the beginning of a project to its end. The transition from one phase to another within a project’s life cycle generally involves, and is usually defined by, some form of technical transfer or handoff. Cost and staffing levels are generally steady throughout the project life cycle. .
Which of the following is not true about project stakeholders? They are individuals and organizations that are actively supportive of the project. They are individuals and organizations that are actively involved in the project. They are individuals and organizations whose interests may be affected as a result of project execution or project completion. They are individuals and organizations that may exert influence over the project’s objectives and outcomes. .
In considering project stakeholders, the project management team must do all of the following EXCEPT: As much as possible, create conflicts among stakeholders to allow the project team to get its work done. Identify the stakeholders. Determine stakeholders’ requirements and expectations. To the extent possible, manage stakeholders’ influence in relation to the requirements to ensure a successful project. .
Organizational cultures: Are generally similar and indescribable. Are generally unique and indescribable. Have no impact on a clearly defined project. Often have a direct influence on the project. .
The project manager has the highest level of independence and authority in a organization. Strong matrix Weak matrix Projectized Functional.
The project manager has the lowest level of authority in an organization: Functional Weak matrix Strong matrix Projectized .
A project coordinator may typically be found in an organization. Projectized Strong matrix Weak matrix Balanced matrix .
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