Deck 1: Project Management Concepts

Question 1

A project is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

Answer 1

True

Question 2

A group volunteered to keep a section of highway clean. This is an example of a project.

Answer 2

False

Question 3

The sponsor provides funds to accomplish the project.

Answer 3

False

Question 4

The Department of Transportation hired a company to build a six-lane highway between two cities. This is an example of a project.

Question 5

The outcome of a project is a tangible end product.

Question 6

The project objective requires completing the project work scope on time and within budget.

Question 7

Every project has a starting date and an ending date.

Question 8

A project utilizes various resources to carry out the tasks.

Question 9

A project is carried out through a series of independent tasks.

Question 10

A project has an unlimited time frame.

Question 11

People are the only resource used in a project.

Question 12

A research firm secured $2 million to evaluate the treatment of water in selected countries over the next three years. This is an example of a project.

Question 13

The sponsor provides funds to accomplish the project.

Question 14

Expected benefits and outcomes may be included in the project objective.

Question 15

A project has a sponsor or customer.

Question 16

A project has a clear objective.

Question 17

Resources can include people, organizations, equipment, materials, and facilities.

Question 18

A project is an endeavor to accomplish a specific objective through a unique set of nonrelated tasks and the effective utilization of resources.

Question 19

A project's stakeholders will always include only representatives from the sponsor's organization.

Question 20

A project is completed through a number of repetitive tasks.

Question 21

Determining the market for a product for a gain of 5% market share within 18 months and $20,000 budget.

Question 22

All the work involved with clearing a sidewalk after a heavy snow storm is an example of a project's scope.

Question 23

The project objective is usually defined in terms of end product, schedule, and budget.

Question 24

Introduction of a new process to ship packages for a firm is an example of a project objective.

Question 25

A project objective is the tangible end product that the project team must produce or deliver.

Question 26

A work breakdown structure shows the necessary sequence and dependent relationships of the detailed activities for a project.

Question 27

The schedule for a project is a timetable with only start times for tasks.

Question 28

The amount the sponsor has agreed to pay for acceptable project deliverables is the project budget.

Question 29

Quality expectations are only defined at the start of the project.

Question 30

The amount of estimated durations helps to determine the estimate of resources.

Question 31

The project objective requires completing the project work scope and producing all the deliverables by a certain time and within budget.

Question 32

The project scope is all the work that must be done in order to produce all the project deliverables, satisfy the customer, and accomplish the project objective.

Question 33

The level of effort is the same for all four phases of the generic project life cycle.

Question 34

Projects are constrained only by the scope, schedule, and budget.

Question 35

The collapse of a retaining wall could be a risk to the project objective for a garden construction project.

Question 36

A request for proposals is used to initiate all projects by communicating that a project is needed.

Question 37

When establishing the project objectives, the objective must be agreed upon by the project sponsor.

Question 38

A project is initiated when a need is identified by a contractor.

Question 39

A person or organization responsible for each work item should be identified to assign responsibility while planning the project.

Question 40

A network diagram is a hierarchical decomposition of the project scope into work elements to be executed to produce the project deliverables.

Question 41

The following mechanisms help to assure quality expectations are met:

A) Audits, inspections, and standards throughout the project.
B) Inspections only at the end of the project.
C) Only a list of standards is needed at the start of the project
D) No mechanisms are needed to assure quality.

Question 42

The _______________ usually states the time by which a project scope must be completed in terms of the specific date agreed upon by the sponsor.

A) Project schedule
B) Project objective
C) Task timetable
D) Project scope

Question 43

The Project Management Institute is a worldwide not-for-profit organization of practitioners that certifies project management professionals.

Question 44

Projects documents are organized and archived in the

A) initiating phase.
B) planning phase.
C) performing phase.
D) closing phase.

Question 45

Costs for resources on a project could include all the following except

A) fees for subcontractors to perform project tasks
B) salaries of people who will work on the project
C) rental of facilities
D) costs for equipment that extends beyond the project time

Question 46

A ______________ plan must be developed that identifies and assesses potential risks, determines the likelihood of occurrence and potential impacts of risks, and delineates responses for dealing with risks

A) risk development
B) risk management
C) risk mitigation
D) risk avoidance

Question 47

A satisfied customer is a benefit of implementing project management techniques.

Question 48

The types and quantities of resources to be used for the activities are the base for the estimated project cost.

Question 49

The estimated duration of the project is dependent upon the sequence of activities.

Question 50

The project budget is based on

A) how well the project manager can use accounting software.
B) the estimated costs associated with the quantities of resources to be used.
C) the actual costs of the resources used for the project.
D) the costs to do the resources before any indirect costs.

Question 51

Corrective action must be take for a project when

A) actual progress to the planned progress shows the progress is ahead of schedule.
B) the technical specifications have been met.
C) the actual costs of the activities is less than the funds received for the work completed.
D) the actual progress is less than the planned progress.

Question 52

The project plan is executed in the

A) initiating phase.
B) planning phase.
C) performing phase.
D) closing phase.

Question 53

Give an example of a project.

Question 54

The project budget includes costs for each activity plus other project costs such as administrative costs and overhead costs.

Question 55

Projects are identified and selected in the

A) initiating phase.
B) planning phase.
C) performing phase.
D) closing phase.

Question 56

Globalization changes the dynamics of a project and adds a layer of complexity that can reduce the risks of accomplishing the project outcome.

Question 57

Describe a project that could be completed to help repair a city that has been damaged by an earthquake.

Question 58

While performing the work, all the activities in the baseline plan must be performed in accordance to

A) what the person responsible for the activity wants.
B) lesson learned from prior projects.
C) how the sponsor has completed all their projects in the past.
D) the project schedule and technical specifications.

Question 59

Which of the following is not an example of a project?

A) Starting-up a restaurant
B) Creating a website for a company
C) Raising money for a disaster relief trip
D) Emptying the recycling everyday

Question 60

Resources are identified and selected in the

A) initiating phase.
B) planning phase.
C) performing phase.
D) closing phase.

Question 61

Describe what each of the following mean in project planning: what, how, who, how long, and how much.

Question 62

Give an example of a project and describe when its performing phase is complete?

Question 63

The schedule for a project specifies when each task should _________.

Question 64

How could currency fluctuations and exchange rates impact the accomplishment of the project objective and customer satisfaction?

Question 65

Describe how communication could be impacted for a project that is a multinational and multilingual project.

Question 66

The project management process involves two major functions: first establishing a plan and then executing that plan to accomplish the project objective. Describe how the project manager can help these two functions be successful.

Question 67

Describe benefits of including the people that will be involved in performing the project when planning the project.

Question 68

Give an example of a project objective.

Question 69

Describe what it means to "plan the work and then work the plan."

Question 70

List examples of three projects.

Question 71

Why should feedback be obtained from a project's sponsor?

Question 72

Describe five things that a project manager can do to make sure a customer is satisfied:

Question 73

The project planning process of project management includes what steps?

Question 74

Jake, a project manager for XYS Company, is developing the project plan for the implementation of a new technique to reduce the level of carbon dioxide emitted after a manufacturing process. Sara, a project manager for ABG Company, is developing a project plan to survey customers about how they have implemented a new product. Describe the similarities and differences of at least three project constraints that Jake and Sara may face during their projects.