Deck 4: Project Initiation

Question 1

The ability to plan projects effectively is an attribute of a project manager.

Answer 1

True

Question 2

It is not necessary to identify the stakeholders before a project is planned.

Answer 2

False

Question 3

During the early stages of a project,tactics are more integral to success than strategy.

Answer 3

False

Question 4

The more the authority and the responsibility are shared between the functional and project managers,the better the chances of project success.

Question 5

NPV is the result of cash flow divided by the cost of the project.

Question 6

Posterior probability is the probability that an event will reflect established beliefs about the event before the arrival of new evidence or information.

Question 7

Technology employed in projects should not determine project team member selection.

Question 8

Scorecard analysis is used to select and prioritize projects based on quantitative criteria.

Question 9

Payback occurs when net costs equal net benefits accumulated over the project years.

Question 10

The higher the ROI,the better for the organization.

Question 11

In a decision tree,an alternative's expected value is calculated by multiplying each possible payoff of the alternative by its probability and summing the results.

Question 12

Project initiation consists of identifying and selecting projects and developing project charters for the selected projects.

Question 13

The ability to present outcomes effectively is a professional characteristic of a project manager.

Question 14

Having a high energy level is a personal characteristic of a project manager.

Question 15

The selection and prioritization process of organizational projects has to align with the goals and strategy of the organization.

Question 16

Generally speaking,the IRR should be lower than the hurdle rate.

Question 17

An organization should consider projects only if the NPV is negative.

Question 18

The construction of a new data center would be categorized as an emergency project.

Question 19

Organizations usually prepare feasibility studies as the first means of starting a project.

Question 20

The most important benefit of a project charter is that it authorizes a project and ensures that necessary resources and management commitments are provided to achieve success.

Question 21

Wheelwright and Clark's framework for classifying project types includes each of the following except

A)basic research projects.
B)alliances and partnership projects.
C)end-user projects.
D)platform projects.

Question 22

All stakeholders need to agree upon the requirements before the start of the project.

Question 23

A use case is a technique used in software projects to document the potential requirements of a new system or software.

Question 24

Requirements gathering documents should provide initial solutions to a problem.

Question 25

JAD is very effective for large complex projects.

Question 26

A big picture of the company consisting of a sentence or short paragraph that provides a broad,aspiring image of the future of the organization best defines

A)vision.
B)mission.
C)objective statement.
D)organizational scope.

Question 27

Saaty's multiple criteria decision-making technique that allows subjective as well as objective factors to be considered during the decision-making process is

A)NGT.
B)JRP.
C)AHP.
D)DML.

Question 28

Stakeholder analysis does not include the ability to help mitigate the project risks.

Question 29

Document analysis is the most common technique for gathering requirements.

Question 30

According to Wheelwright and Clark,which of the following project types involve significant changes to existing products,systems,services,and processes?

A)alliances and partnership projects
B)breakthrough projects
C)derivative projects
D)basic research projects

Question 31

A sentence or short paragraph written by an organization to reflect its core purpose,identity,and values best defines

A)organization scope.
B)mission statement.
C)project charter.
D)vision.

Question 32

Project proposals include each of the following except

A)an implementation plan.
B)a statement of work.
C)perceived benefits by year.
D)high-level schedule requests.

Question 33

Project requirements can be gathered through brainstorming,focus groups,and facilitated workshops.

Question 34

AHP is based on each of the following principles except

A)synthesis of priorities.
B)decomposition.
C)comparative judgement.
D)iteration.

Question 35

A plan,method,or action employed to achieve the goals and objectives,which in turn achieve the mission of an organization toward the realization of its vision best defines

A)organizational strategy.
B)organizational mission statement.
C)business statement.
D)project charter.

Question 36

Which of the following describes the work to be done in detail and will be used in the project charter in the future and in all project documents?

A)organization mission statement
B)statement of work
C)business case
D)project scope statement

Question 37

Observers have neither interest in nor influence on the project.

Question 38

According to Wheelwright and Clark,which of the following project types breeds future commercial products,new systems,and novel services?

A)alliances and partnership projects
B)breakthrough projects
C)derivative projects
D)basic research projects

Question 39

Shapers should be relied upon for help,guidance,and advice.

Question 40

Requirements gathering is perhaps the most complex and critical process of any project success.

Question 41

Which of the following is the return or discount rate that makes NPV = 0?

A)ROI
B)IRR
C)PMI
D)QFD

Question 42

Attributes of a project manager include

A)possessing good people skills.
B)knowing how to solve disputes.
C)having a great attitude and enthusiasm.
D)all of the above.

Question 43

Projects that are essential to support the long-range mission are categorized as

A)operational.
B)strategic.
C)mission critical.
D)emergency.

Question 44

Assuming a discount rate of 8 percent,what is the present value of $800,000 three years from now?

A)635,065.79
B)685,871.06
C)740,740.74
D)None of the above is correct.

Question 45

Projects can be categorized as any of the following except

A)resourceful.
B)compliance.
C)operational.
D)mission critical.

Question 46

A project charter should contain each of the following except project

A)test plan.
B)purpose or justification.
C)objectives.
D)description.

Question 47

Models for project selection and prioritization include

A)scorecard analysis.
B)decision tree analysis.
C)net present value.
D)all of the above.

Question 48

Professional characteristics of a project manager include

A)is honest and has integrity.
B)assertive and confident.
C)team player.
D)adaptable to situations.

Question 49

Personal characteristics of a project manager include

A)able to work under uncertainty.
B)good written and oral communication skills.
C)friendly and optimistic.
D)understands business issues.

Question 50

A methodology used in incorporating the requirements of those who have an interest in a project best defines

A)stakeholder analysis.
B)stakeholder synthesis.
C)requirements review.
D)logical review.

Question 51

Purposes for identifying stakeholders include each of the following except

A)knowing the individual to blame if the project fails.
B)improving working conditions.
C)streamlining business and project processes.
D)stabilizing the project when things go in the wrong direction.

Question 52

Categories of project manager characteristics include each of the following except

A)personal.
B)technical.
C)relational.
D)professional.

Question 53

Project selection criteria include

A)strategic goals of the organization.
B)market need.
C)technological advancement.
D)all of the above.

Question 54

Stakeholders include

A)customers and users.
B)project team.
C)upper management.
D)all of the above.

Question 55

Which stakeholder group provides financial resources for the project?

A)project sponsors and champions
B)customers and users
C)upper management
D)functional managers

Question 56

A document that formally recognizes a project and includes a problem statement,project objectives,benefits,process owners,and a project sponsor or a champion best defines

A)business case.
B)organizational mission statement.
C)project charter.
D)statement of work.

Question 57

The amount of time a project will take to recuperate its investments best defines

A)recuperation time frame.
B)net present value.
C)payback analysis.
D)internal rate of return.

Question 58

Individuals or organizations who are affected by a project best defines

A)end users.
B)project manager.
C)customers.
D)stakeholders.

Question 59

The purpose of the project charter is to

A)define the reasons for undertaking the project.
B)define objectives and constraints of the project.
C)define directions concerning the solution.
D)do all of the above.

Question 60

A project involving renovations due to a fire or other disaster would be classified as

A)compliance.
B)emergency.
C)mission critical.
D)strategic.

Question 61

Which stakeholders have high influence but have some or no interest in the project?

A)promoters
B)shapers
C)advocates
D)observers

Question 62

A table captured to map all the requirements of all stakeholders in order to track them until the project is complete best defines

A)mind map.
B)requirements traceability matrix.
C)decision tree.
D)project charter.

Question 63

A sample or a model built usually to test a concept,a process,a system,or a product best defines

A)use case.
B)test case.
C)mind map.
D)prototype.

Question 64

A technique used in software projects to document the potential requirements of a new system or software by conveying how the system should interact with the end user or another system to achieve a specific business goal graphically best defines

A)interface analysis.
B)use case analysis.
C)joint requirements planning.
D)nominal group technique.

Question 65

A capability of a system,product,or service to include the quantified and documented needs and expectations of the sponsor,customer,and other stakeholders best defines

A)task.
B)requirement.
C)process.
D)activity.

Question 66

Define project scope.What does the scope document contain?

Question 67

Identify five objectives that must be achieved for a project.

Question 68

A structured group meeting of stakeholders to gather requirements by actively involving the stakeholders to replace individual interviews best defines

A)QFD.
B)KMAP.
C)BPR.
D)JRP.

Question 69

Which of the following creates requirements from "as-is" process documents?

A)document analysis
B)nominal group technique
C)interface analysis
D)focus group

Question 70

Which of the following reviews various points where two or more systems interact with each other?

A)prototyping
B)mind maps
C)interface analysis
D)use case analysis

Question 71

A graphical method of taking mental notes or ideas in a structured fashion best defines

A)mind map.
B)prototype.
C)use case.
D)object diagram.

Question 72

Identify five ways that project requirements may be gathered.

Question 73

The addition of scope after it is defined in the scope document best defines

A)scope evolution.
B)scope iteration.
C)scope increment.
D)scope creep.

Question 74

Stakeholder analysis includes

A)stakeholder characteristics.
B)level of interest of the stakeholders in the specific project.
C)ability to affect the project policies through power and/or leadership.
D)all of the above.

Question 75

A process used in prototyping to collect requirements while developing new information systems for a company best defines

A)QFD.
B)KMAP.
C)JAD.
D)RAD.

Question 76

Identify three categories of project manager characteristics.For each category,provide two examples.

Question 77

Which stakeholders have high influence as well as high interest in the project?

A)promoters
B)shapers
C)advocates
D)observers

Question 78

Steps involved in generating a mind map include

A)continuing until no more risks can be identified.
B)begin by drawing a circle that represents a risk category.
C)for each major risk,identify smaller risks that are part of that risk.
D)all of the above.

Question 79

When recruiting effective project managers,what five challenges might an organization face?

Question 80

Which of the following defines a baseline for performance measurement?

A)object diagram
B)sequence diagram
C)project scope
D)use case diagram