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PM571 FINAL EXAM

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1) PM571 FINAL EXAM;The structure that manages projects within the existing organizational structure is __________ organization.;Project;Balanced matrix;Functional;Strong matrix;Weak matrix;2) A series of coordinated, related, multiple projects that continue over extended time intended to achieve a goal is known as a;Crusade;Program;Campaign;Venture;Strategy;3) Adverse weather, design flaws, and equipment breakdown can create negative slack. This is an example of reducing project duration caused by;High overhead;Unforeseen project delays;Imposed project deadlines;Time to market;Incentive contracts;4) The project communication plan contains;Project team vacation schedule;Unapproved change requests;A list of reports to be distributed;An assessment of project risks;Detailed task assignments;5) In which of the following theories does the project group transition from a lower level to a higher level of performance about halfway through the project?;Five Stage Team Development Model;Nominal Group Technique;Synergistic Transition Development Model;Dysfunctional Transition Model;Punctuated Equilibrium Model of Group Development;6) In a resource-constrained project, which of the following is most likely to be changed?;Project quality;The budget;The completion date;7) American project managers have earned a reputation abroad for being very good at understanding technology but not good at understanding;People;Cultures;Local traditions;Local business practices;Laws;8) _________ organization is a hybrid form in which a horizontal project management structure is overlaid in the normal functional hierarchy.;Functional;Project;Matrix;Balanced;9) The lowest element in the hierarchical breakdown of the WBS is;A work package;A cost account;An object;A lowest sub deliverable;A deliverable;10) A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000. What does this report tell you about the project?;We are doing a good job managing the project;We are spending less than we should for the project;We should check to see if all the bills have been paid;We can't be sure how the project is going;11) The project communication plan is usually created by;Team Member;Department Manager;Project Stakeholder;Project Sponsor;Project Manager;12) In which of the following stages is a major portion of the physical and mental project work performed?;Delivering;Planning;Defining;Executing;Conceptualizing;13) If the Project Manager needs additional resources for the project, he/she should seek approval from;Project Stakeholder;Project Sponsor;Project Team;Functional Manager;CEO;14) During the last two phases of a project's life cycle, the most significant source of conflict is;Costs;Priorities;Schedules;Technical;Procedures;15) The earned value of a project is the;Total project cost to date;Project cost to date adjusted for project scope changes;Percent of the original budget that has been earned by actual work;Cost incurred minus the planned cost;16) Project leadership is about coping with;Monitoring results against plans;Formulating plans and objectives;Change;Taking corrective action when necessary;17) The final step in the creation of a Work Breakdown Structure is to;18) Develop the responsibility matrix;Develop the responsibility matrix;Assign the cost account to a manager;Code the WBS for tracking;Assign the work package to a manager;19) The first step in the project control process of the measurement and evaluation of project performance is to;Determine the project objectives;Review the project priority matrix;Analyze the project budget;Set a baseline plan;Determine the project deliverables;20) Two of the biggest challenges involved in managing a virtual project team are;Time management and developing trust;The language barriers and time management;Developing trust and effective patterns of communication;The language barriers and developing effective patterns of communication;Time management and developing effective patterns of communication;21) The centralized management of projects to ensure that the allocation of resources to projects is directed toward projects that contribute the greatest value to organization goals is known as;Resource Allocation Optimization;Project Priority Matrix Management;Portfolio Project Management;Project Management Optimization;Project Office Management;22) Sam the project engineer has been scheduled to run the product system test at the same time he is to build a marketing prototype. This is an example of a ______ constraint.;Physical;Scheduling;Technical;Resource;Time;23) Small refinements to the project that eventually build to be major changes are known as;Continuous improvements;Specification adjustments;Scope creep;Specification refinements;Project erosion;24) Which of the following is considered a project indirect cost;Supervision;Equipment;Materials;Labor;25) From among the following activities, which is the best example of a project?;Producing automobiles;Writing a term paper;Completing a college degree;Processing insurance claims;26) To construct a high-quality, custom home within five months at costs not to exceed $150,000 is best classified as;A deliverable;A limit;An objective;An exclusion;A milestone;27) Audits are least likely to occur;When major milestones are reached;At identified spending level points;During specific stages in the project life cycle;When they are unplanned;28) Project Communication Plans address all the following core questions except;*;How will the project team be rewarded?*;*;What information will be communicated?;*;How will information be communicated?;*;Who will receive the information?;*;When will the information be communicated?;29) Communications difficulties because of different languages, social standards, and religious views are examples of which of the following environmental factors?;Cultural;Geographic;Security;Infrastructure;Legal/political;30) Which of the following is considered a project direct cost?;Supervision;Equipment;Interest;Consultants;31) If resources are not adequate to meet peak demands, the resulting reschedule is termed;Project resource adjustment;Resource-constrained scheduling;Bottleneck adjustment;Mandatory leveling;Time-constrained scheduling;32) Which of the following requires more management rather than leadership?;Taking corrective action;Changes in project scope;Breakdowns in coordination between people;MTechnological stalemates;33) In which of the following stages is it determined what the project will entail, when it will be scheduled, whom it will benefit, and what the budget will be?;Defining;Executing;Delivering;Conceptualizing;Planning;34) In reviewing the project plan, Susan sees that the first prototype is due by October 12. This would be best classified as a;Critical goal;Project objective;Limit item;Milestone;Project target;35) The most common response for meeting unattainable deadlines is to;Implement the fast-tracking system;Fire the project manager;Hire more people;Shift to the critical chain;Reduce or scale back the scope of the project;36) The process of forecasting or approximating the time and cost of completing project deliverables is called;Planning;Predicting;Budgeting;Guesstimating;Estimating;37) A typical expectation in actual practice is that estimates should have a probability of being met ______ of the time.;95%;80%;98%;100%;90%;38) The last step in the Change Control Management process is;Negotiate and resolve conflicts;Formally disapprove changes;Track all changes that are to be implemented;Change the project schedule;Lodge a complaint;39) The most common response for meeting unattainable deadlines is to;Reduce or scale back the scope of the project;Implement the fast-tracking system;Fire the project manager;Hire more people;Shift to the critical chain;40) In which of the following stages are project objectives established, teams formed, and major responsibilities assigned?;Defining;Delivering;Executing;Conceptualizing;Planning;41) Needs for a project could include telecommunications, transportation, power, and availability of technically skilled talent. This is an example of which of the following environmental factors?;Cultural;Economic;Geographic;Infrastructure;Legal/political;42) The method most frequently used in measuring project progress is the;75/25 percent rule;Percent complete rule;0/100 percent rule;50/50 percent rule;25/75 percent rule;43) A good benchmark to use as a time limit for conducting a project audit is;One week;Two weeks;One month;One day;Two months;44) Corrective actions that should take place would typically appear in the _____ section of the audit report.;Strategic objectives;Lessons learned;Analysis;Classification of project;Recommendations;45) The person responsible for tracking approved changes to the project is;Project Manager;Project Requestor;Project Team Member;Project Stakeholder;Project Sponsor;46) The project is running behind schedule, the best thing for the project manager to do is;Take corrective action;Apply for a transfer;Produce a Gantt Chart;Hire more resources;47) The method used to collect information to use through all phases of the project life cycle is called;Work breakdown structure;Organization breakdown structure;Priority matrix;Responsibility matrix;Work package;48) Which of the following is the easiest method for shortening project time?;Subcontract work;Reduce project scope;Schedule overtime;Reduce the quality;Assigning additional staff and equipment;49) In which of the following is the balance of authority strongly in favor of the functional managers?;Balanced matrix;Weak;Strong matrix;Strong;50) Which of the following is commonly associated with high-performing project teams?;A degree of competition among team members is encouraged;Roles and specific responsibilities are well-defined;Mistakes are viewed as opportunities for learning;Risk taking is controlled and not allowed to jeopardize the overall project;51) The first step of project scope definition is to;Define the overall objective to meet the customer's needs;Meet with team members;Analyze the current budget plan;Select team members;Analyze the strategic plan;52) In reviewing the project plan, Susan sees that the first prototype is due by October 12. This would be best classified as a;Limit item;Critical goal;Project objective;Project target;Milestone

 

Paper#74539 | Written in 18-Jul-2015

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