Question 1

There is no such thing as a project team:
A) With a deliverable.
B) With an ongoing, non-specific purpose.
C) With a goal.
D) With a project manager.

Accepted Answer

Project teams are formed for specific projects with defined goals, deliverables, and timelines, making option B (With an ongoing, non-specific purpose) incorrect as it contradicts the fundamental definition of a project team.

Question 2

A project typically has:
A) A defined start and end date.
B) A defined start date but no defined end date.
C) No defined start but a defined end date.
D) No defined start or end date.

Accepted Answer

A project typically has a defined start and end date. This is an essential aspect of project management, as it allows for clear scheduling, goal-setting, and measurement of progress. Without a defined end date, it can be challenging to accurately plan and allocate resources, as the project may continue indefinitely.

Question 3

The acronym PMBoK stands for:
A) The Personal Management Before or Kernel.
B) The Project Movement Behind our Kernel.
C) The Project Management Body of Knowledge.
D) The Performance Measurement Body of Knowledge.

Accepted Answer

PMBoK stands for Project Management Body of Knowledge.

Question 4

A product is introduced into a market, gains the acceptance of a fickle public, and finally is supplanted by a new and improved offering. This phenomenon is known as the:
A) Product life cycle.
B) Rule of 80.
C) Mendoza line.
D) Beta.

Accepted Answer

This phenomenon is known as the Product life cycle, which refers to the stages a product goes through from introduction to decline.

Question 5

The emergence of global markets has made project management skills more critical.

Accepted Answer

The emergence of global markets has increased the complexity of projects, and it is now more important than ever to have strong project management skills in order to effectively manage teams, communicate across cultures and time zones, and navigate international regulations and business practices.

Question 6

Which of the following is NOT a project constraint?
A) The budget
B) The customer requirements
C) The schedule
D) The technical specifications

Accepted Answer

Customer requirements are not considered a constraint but rather the basis of the project. Constraints are limitations or restrictions that impact the project, such as budget, schedule, and technical specifications.

Question 7

Why are projects important?

Accepted Answer

The answer of Why are projects important?...

Question 8

A project that results in "doing the wrong things well" has ignored the:
A) Budgetary goal.
B) Technical goal.
C) Customer satisfaction goal.
D) Scheduling goal.

Accepted Answer

Customer satisfaction is the ultimate goal of any project. Even if the project is completed within budget, on schedule, and with technical precision, if it does not meet the needs and wants of the customer, it is ultimately a failure. Doing the wrong things well means that the project team focused on achieving technical excellence without considering if it aligned with the customer's needs and expectations.

Question 9

Which of these countries is NOT identified in the text as having a developing economy with a substantial market?
A) Russia
B) China
C) India
D) Europe

Accepted Answer

Europe is not identified in the text as having a developing economy with a substantial market. It is known for having a developed economy with established markets.

Question 10

The Project Management Body of Knowledge Guide definition of a project indicates that a project is:
A) Multifunctional.
B) Permanent.
C) Designed to avoid using human resources.
D) Not limited by a budget.

Accepted Answer

Projects are inherently multifunctional, involving various disciplines and areas of expertise to achieve their objectives. They are not permanent (they have a defined beginning and end), they typically require human resources, and they are usually constrained by a budget.

Question 11

Since a business gains market share with day-to-day operations, senior managers value process management experience over project management experience.

Accepted Answer

The answer of Since a business gains market share with...

Question 12

Low inflation is a trigger for improved project management skills because:
A) Rampant cost increases must be passed along to the consumer.
B) Internal process improvement is accomplished via project management.
C) Lower inflation means narrower product launch windows.
D) Global markets are a prerequisite for low inflation.

Accepted Answer

Low inflation means that there is less room for cost increases and companies need to improve their internal processes to stay competitive. This is often accomplished through project management, making option B the correct choice. Option A is not necessarily true as passing along cost increases to consumers may not always be possible or desirable. Option C is not directly related to project management skills. Option D is also not necessarily true, as low inflation can occur in both global and non-global markets.

Question 13

Why is project management challenging?

Accepted Answer

The answer of Why is project management challenging?...

Question 14

Which of these is NOT characteristic of a project?
A) Projects are responsible for the newest and most improved products, services, and organizational processes.
B) Projects are ad hoc endeavors with a clear life cycle.
C) Projects provide a philosophy and strategy for the management of change.
D) Traditional process management functions of planning, organizing, and controlling do not apply to project management.

Accepted Answer

This statement is not true. Traditional process management functions of planning, organizing, and controlling do apply to project management. In fact, they are essential for the success of the project.

Question 15

A typical project stays within functional and organizational boundaries.

Accepted Answer

A project often involves cross-functional teams and may require collaboration between departments or even external stakeholders, breaking down functional and organizational boundaries.

Question 16

Project members may be from:
A) Different departments.
B) Other organizational units.
C) One functional area.
D) All of the above.

Accepted Answer

Project members can come from different departments, other organizational units, or one functional area depending on the nature and scope of the project. Therefore, all of the above options are correct.

Question 17

What roles do traditional process management duties of planning, organizing, and controlling play in project management, if any?

Accepted Answer

The answer of What roles do traditional process management duties...

Question 18

Why is project management considered an excellent training ground for future senior executives in many organizations?

Accepted Answer

The answer of Why is project management considered an excellent...

Question 19

Projects, rather than repetitive tasks, are now the basis for most value-added in business.

Accepted Answer

Projects involve unique deliverables and outcomes, and require coordination and collaboration across different functions and teams, leading to higher value creation compared to repetitive tasks.

Question 20

The period of time that is ideal to achieve the success of a new product is the:
A) Moment.
B) Launch window.
C) Window of opportunity.
D) Momentito.

Accepted Answer

The launch window is the period of time that is ideal to achieve the success of a new product. It is a limited time period in which the conditions are favorable for the successful launch of a product. Timing is crucial for the success of a new product, and the launch window provides the best opportunity for it. Therefore, the correct answer is B, Launch window. Options A, C, and D are not correct as they do not accurately describe the ideal period of time for a new product launch.

Quiz 1: Introduction: Why Project Management

There is no such thing as a project team:

A project typically has:

The acronym PMBoK stands for:

A product is introduced into a market, gains the acceptance of a fickle public, and finally is supplanted by a new and improved offering. This phenomenon is known as the:

The emergence of global markets has made project management skills more critical.

Which of the following is NOT a project constraint?

Why are projects important?

A project that results in "doing the wrong things well" has ignored the:

Which of these countries is NOT identified in the text as having a developing economy with a substantial market?

The Project Management Body of Knowledge Guide definition of a project indicates that a project is:

Since a business gains market share with day-to-day operations, senior managers value process management experience over project management experience.

Low inflation is a trigger for improved project management skills because:

Why is project management challenging?

Which of these is NOT characteristic of a project?

A typical project stays within functional and organizational boundaries.

Project members may be from:

What roles do traditional process management duties of planning, organizing, and controlling play in project management, if any?

Why is project management considered an excellent training ground for future senior executives in many organizations?

Projects, rather than repetitive tasks, are now the basis for most value-added in business.

The period of time that is ideal to achieve the success of a new product is the: